As an individual entity, the company lowered original sales proceeds of ¥19 billion (€164 million/$212 million) to ¥16 billion (€138 million/$178 million).
Operating profit forecasts were reduced from ¥270 million (€2.3 million/$3 million) to ¥150 million (€1.3 million/$1.7 million).
“The revisions were made due to a harsher financial downturn than expected,” the company said.
Parent company Nippon Suisan Kaisha (Nissui) merged subsidiaries Hohsui, Chou Gyorui and Chuo Reito in April as part of an effort to strengthen the firm’s distribution operations.
