Ezaki Glico cuts full-year profit forecast on recall costs, weak sales

Ezaki Glico announced a downward revision to its consolidated financial forecast for the fiscal year ending December 31, 2025. The company now anticipates revenue of JPY 362,000 million, a decrease of JPY 2,000 million from the previously announced JPY 364,000 million. Operating profit is projected to be JPY 10,000 million, down JPY 1,000 million from JPY 11,000 million.

Ordinary profit is revised to JPY 12,000 million from JPY 13,500 million, and profit attributable to owners of parent is now expected to be JPY 5,500 million, a significant reduction from the prior forecast of JPY 8,000 million. This leads to a revised earnings per share forecast of JPY 86.39, down from JPY 125.66.

The primary reasons cited for the revision include a special loss of approximately JPY 2,000 million related to the voluntary recall of chocolate products, as well as sluggish sales in the health and food business, and the dairy business (ice cream and chilled products). The dividend forecast remains unchanged despite the revised earnings outlook.