Rokko Butter Cuts Full-Year Profit Forecast by a Third on Costs, Weak Yen and Kumamoto Quake
Rokko Butter cut its full-year operating-profit forecast by ¥800mn, 34.8% below February's guidance, after ingredient-cost inflation in its cheese and nut lines, a weaker yen and earthquake damage at a subsidiary factory outran the price increases it has planned from September.