Rokko Butter Cuts Full-Year Profit Forecast 35% as Costs Outrun Price Rises
Japan's Q·B·B cheese maker has cut its full-year operating profit forecast to ¥1.5bn, a 35% reduction, after packaging costs rose more than a tenth amid deteriorating Middle East conditions and the yen traded weaker than budgeted; a July earthquake that shut a subsidiary's factory added to the squeeze.