Japanese meat company Nippon Meat Packers has said that it does not have any immediate plans to revise its earnings estimate despite a recent sales trend that indicates that it may avoid losses for the financial year to March.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Nippon Meat said its sales in the October to December period were stronger than expected but it would continue to monitor sales performance before considering a change to its earnings estimate.

The company’s current forecast is for a net loss of ¥1bn (US$8.5m) on sales of ¥900bn for the year to March, a loss that has been attributed to the effects of a meat-labelling scandal last year, reported Dow Jones International News.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now