October Rice Field (09676) issued an announcement, although the Group expects to obtain for the year ended December 31, 2023...
Zhitong Finance App News, October (09676) announced that although the Group expects revenue for the year ended December 31, 2023 to increase compared to the same period in 2022, adjusted net profit (not measured by IFRS) will drop by more than 45% compared to the same period in 2022.
The company believes that the main reason for the above changes in expectations is: (1) The Group's sales performance fell short of expectations due to changes in the overall market environment and declining consumer confidence. (2) Affected by natural disasters, especially floods in the Tohoku region, the prices of raw materials such as rice have risen, leading to an increase in product costs and pressure on the Group's profit margins.