Japan: Ube Industries has revised its profit forecast downwards for the 2022 financial year. It now expects a net profit of US$171m in the year to March 2022, a 15% fall year-on-year, compared to its previous forecast of US$184m. It has also forecast full-year consolidated sales of US$5.57bn, a rise of 3.4% year-on-year. The Nikkei newspaper has reported that the group attributed the lower figure for profit to increased costs of cement production, transport and its on-going integration of its cement businesses.
Ube Industries revises 2022 financial year forecast downwards
URL: https://www.globalcement.com/news/item/13171-ube-industries-revises-2022-financial-year-forecast-downwards
© 2025 Pro Global Media Ltd. All rights reserved.