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Companies

Pharma Foods International Co., Ltd.

Latest Tokyo Brief coverage on Pharma Foods International Co., Ltd., tracking filings, financial news, and market signals from Japan.

Code
2929
Exchange
TSE
Coverage
2 articles

Latest coverage

TSE:2929

  1. Pharma Foods agrees ¥5.03bn purchase of a hospital-meal supplier from a buyout fund

    Pharma Foods International will buy 100% of a medical-food supplier to hospitals and school-lunch operators from a buyout fund for ¥5.03bn, with the transfer planned for October 30 pending Japan Fair Trade Commission review.

  2. Pharma Foods keeps year-end profit target after nine-month loss deepens

    Pharma Foods kept its year-end profit target unchanged even after a much uglier nine months. Cumulative sales rose 3.7% to JPY 48,555m, but operating loss widened to JPY 1,430m, the equity ratio fell to 28.9% from 35.4%, and interest-bearing debt rose to JPY 17,235m; management says the loss was built into an investment-heavy plan and still forecasts JPY 2,000m in full-year operating profit. That leaves the fourth quarter doing a great deal of narrative heavy lifting.