bullish

Nippon Suisan Kaisha (1332 JP): Food Products Business to Drive Growth In Near Term, Guidance Raised

363 Views22 Mar 2024 08:30
SUMMARY
  • Nippon Suisan Kaisha (1332 JP) reported 8% YoY revenue growth in 9MFY23, driven by 17% YoY growth in food products business on higher commercial volume and prices.
  • However, marine products profits tumbled 39% YoY on weakening fish prices and accounting adjustments.
  • The company raised FY23 sales and operating profit guidance to ¥825B (up 7% YoY) and ¥29B (up 18% YoY), respectively.
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Tina Banerjee
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