Toho Co., Ltd. Provides Consolidated Financial Forecast for the Six Months Ending July 31, 2023 and Fiscal Year Ending January 31, 2024
March 16, 2023 at 02:00 am EDT
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Toho Co., Ltd. provided consolidated financial forecast for the six months ending July 31, 2023 and fiscal year ending January 31, 2024. For the six months, the company expects net sales to be JPY 104,500 million, operating profit to be JPY 1,250 million, profit attributable to owners of parent to be JPY 650 million and basic earnings per share to be JPY 60.43.
For the full year, the company expects net sales to be JPY 214,000 million, operating profit to be JPY 3,800 million, profit attributable to owners of parent to be JPY 2,000 million and basic earnings per share to be JPY 185.93.
Toho Co Ltd is a Japan-based company mainly sells all types of food, from commercial food to household food to users. The Company operates through four segments. The Distributor segment purchases food ingredients for the food service industry and delivers and sells them to the food service industry. The Cash and Carry segment is engaged in the purchase of ingredients for the food service industry, and the cash sale of commercial food to small and medium-sized restaurant operators. The Food Supermarket segment purchases food, and operates food supermarkets. The Food Solutions segment is engaged in application service provider (ASP), quality control services, general construction contracting, manufacture and sale of commercial cooking equipment, interior design and construction of restaurants. The Company is also engaged in the production and sale of agricultural products, wholesale of fresh produce to the food service industry, and software development and maintenance.