Japan Foods Flags Loss for Fiscal Half of 2025; Shares Slump 12%

MT Newswires

2024/10/28

Japan Foods (SGX:5OI, TYO:2599) is expecting to book a loss for the fiscal half of 2025, according to a filing with the Singapore Exchange on Friday.

The company has attributed the loss to higher selling and distribution expenses and provision for impairment loss on the loan to a joint venture company, Dining Collective of around SG$0.7 million.

Shares of the food and beverage company slumped nearly 12% in recent trading.

Price (SGD): S$2208.00, Change: S$-11, Percent Change: -0.49%

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