Oji Holdings forecasts first quarter loss despite sales boost

Oji Holdings expects first-quarter net sales to rise to 457.4 billion yen from 438.1 billion yen, primarily due to the Walki Group acquisition.

However, operating profit is forecast to decrease by 10.8 billion yen to 3.7 billion yen, with ordinary profit expected to turn to a 3.6 billion yen loss. The company anticipates a net loss of 5.2 billion yen, citing reduced overseas pulp profitability and foreign exchange losses.