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Prima Meat Packers falls for third straight day on downward revision of March 2026 earnings forecast due to poor performance at vending subsidiary

Mon Apr 20, 2026 9:09 am JST Catalyst

Prima Meat Packers, Ltd. <2281> fell for the third consecutive day. After the close of trading on the 17th last week, the company announced that its consolidated financial results for the fiscal year ending March 2026, currently being compiled, are expected to come in below its previous forecasts. Revenue is now projected at 475 billion yen (up 3.6% year-on-year), down from the previous forecast of 480 billion yen. Operating profit is expected to reach 9.1 billion yen (up 1.7% year-on-year), down from 12 billion yen, while net profit is projected at 4.6 billion yen (down 35.0% year-on-year), down from 8 billion yen. This downward revision has weighed on the stock.

The revision was attributed to a decline in sales and deteriorating operating results at a vending subsidiary, which led to the recording of impairment losses on fixed assets and the reversal of deferred tax assets at that subsidiary. Additionally, impairment losses on fixed assets, including goodwill, were recorded at other subsidiaries.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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