Meiji Holdings reports mixed Q1 results, maintains forecasts

Meiji Holdings reported net sales of 273.6bn yen for Q1, down 1.8% year-over-year, while profit attributable to owners fell 27.6% to 10.1bn yen.

The food segment remained stable at 224.8bn yen sales with operating profit up 1.1%, driven by strong dairy and chocolate performance. The pharmaceutical segment saw sales drop 7.3% to 49.0bn yen and operating profit decline 35.5%.

Despite the Q1 decline, the company maintained its full-year forecasts, projecting net sales of 1.195 trillion yen and profit of 54.0bn yen.