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Warabeya Nichiyo to See Net Profit Fall 34% as U.S. Plant Launch Halted
Warabeya Nichiyo Holdings announced on the 7th that it has revised down its consolidated net profit forecast for the fiscal year ending February 2027 to 3.5 billion yen, a 34.5% decrease from the previous year. The previous forecast was 4.8 billion yen. The company has decided to halt the launch of a new factory it had been preparing in Ohio, and expects to record a special loss of 700 million yen. It cited consideration of a supply chain review by its client Seven-Eleven, which operates a convenience store business in North America. Rising packaging material costs amid the worsening situation in the Middle East also weighed on profits.
2918.JP · Capital · Negative Revised down net profit forecast 34.5% and will record a 700 million yen special loss from halting its Ohio factory launch.
2918.JP · Supply · Negative Rising packaging material costs amid Middle East turmoil weighed on profits.
7-Eleven, Inc. · Supply · Neutral Warabeya cited Seven-Eleven's consideration of a supply chain review in North America as reason to halt its Ohio plant; 7-Eleven itself is only context, not a subject.