Unicharm cuts full-year forecast amid Asia challenges

Unicharm reported net sales of 464.2bn yen for the first six months, down 4.8% year-over-year, with core operating income falling 22.0% to 57.0bn yen.

The company revised its full-year net sales forecast to 974.0bn yen (down 1.5%) and core operating income to 120.0bn yen (down 13.3%), citing slower-than-planned recovery in Asia.

Despite the downturn, profit attributable to owners increased 5.5% to 41.8bn yen. Unicharm maintains its annual dividend forecast of 18 yen per share.