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NICHIMO CO.,LTD. shares fall sharply to new year-to-date low on downward revision to operating profit for March 2026

Mon Apr 27, 2026 10:58 am JST Catalyst

NICHIMO CO.,LTD. <8091> fell sharply, hitting a new year-to-date low. After the close of trading on the 24th last week, the company announced that its consolidated operating profit for the fiscal year ending March 2026 is expected to land at 2,750 million yen (down 8.4% year-on-year), down from the previous forecast of 3,300 million yen. The operating profit outlook has shifted from an expected increase to a decrease, prompting selling by disappointed investors. The downward revision was attributed to sluggish market conditions in the surimi division of the food business, production disruptions caused by a fire at a meal plant of a surimi manufacturing subsidiary, and poor performance at subsidiaries manufacturing mentaiko for mass retailers and processed foods. Revenue is now expected to reach 139,000 million yen (up 3.8% year-on-year), compared to the previous forecast of 135,000 million yen. The company is scheduled to announce its earnings results on May 15.

Source: MINKABU PRESS

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

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