Japan Foods Holding issued a profit warning for the 3QFY2025 ended Dec 31, 2024, in which it expects a loss mainly due to lower revenue and higher selling and distribution expenses.
The company says that despite a higher number of operating outlets, the group’s revenue was lower in 3QFY2025 compared to the same period a year ago mainly due to weak sales in November and December 2024.
In line with the higher number of operating outlets in 3QFY2025 compared to 3QFY2024, selling and distribution expenses were higher mainly due to increases in manpower cost, utilities expenses and depreciation charges.
The group says that further details of the financial performance will be disclosed when the business and financial update for 3QFY2025 is released.
Shares in Japan Foods Holding closed flat at 33 cents on Jan 24.
