JAPAN'S YAKULT SEEN WITH BETTER-THAN-EXPECTED APRIL-SEPT OP PROFIT
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YKLTF | Quote | Chart | News | PowerRating -- Japanese food and beverage firm
Yakult Honsha Co. (TSE:2267) is seen reporting a group
operating profit of roughly 11.5 billion yen (US$128.11
million) for the April-September half, up six per cent on the
year and an about-face from the previously predicted 36 per
cent drop to seven billion yen.
Sales are seen inching up slightly, beating an outlook of a
five per cent decline to 143 billion yen. Domestically, the top
producer of fermented lactic drinks faces sluggish sales of
chilled drinks and shifting demand to low-cost offerings. But
sales of pharmaceuticals are brisk.
Although conditions are tough for the dairy products
business at home, profits are being bolstered trimmed
advertising and promotional expenses and efforts to curb
transport costs by overhauling logistics systems. Also propping
up profits are falling prices on some resources, such as
plastics and sugars.
Overseas sales, on the other hand, were initially expected
to be lackluster because of the financial crisis. But demand is
still strong in mainly emerging markets. Foreign sales volume
of the Yakult drink for the January-June half rose by double
digits. In China, sales volume shot up 40 per cent, and
operations there are expected to turn a profit for the first
time on an interim basis since their full-scale launch in 2002.
Sales also continue to grow in Brazil and other profitable
markets.
But the yen's strength will likely weigh down sales by some
10 billion yen and hurt operating profit by more than two
billion yen. This will be offset by better-than-anticipated
sales, however.
(Nikkei) rw
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