As we have already reported, Ezaki Glico is experiencing major system trouble.
Losses and other problems caused by this system trouble have now been revealed
On May 8, Ezaki Glico announced a downward revision to its full-year earnings forecast for the fiscal year ending December 31, 2024. Among them is a projected 20 billion yen decrease in net sales due to the impact of the suspension of shipments of refrigerated products such as “Puchin Pudding” due to a system failure since mid-April.
For the fiscal year ending December 31, 2012, the company revised its full-year forecasts: net sales of 336 billion yen, down 15 billion yen from 351 billion yen (initial forecast); operating income of 14 billion yen, down 5 billion yen from 19 billion yen (initial forecast); and net income of 11 billion yen, down 4 billion yen from 15 billion yen (initial forecast). The forecast for operating income was revised downward by ¥5.0 billion from ¥19.0 billion (initial forecast) to ¥14.0 billion.
The company expects a 20 billion yen decrease in net sales and a 6 billion yen decrease in operating income due to the impact of the suspension of shipments of refrigerated products caused by the system failure that occurred in April of this year.
The system failure occurred on April 3 due to a system switchover, after which shipments were suspended, and although shipments of some products resumed on April 18, they were suspended again because the system could not process the expected orders in time.
On May 1, the company announced that it had decided to extend the suspension of shipments in order to ensure a stable supply of products.
When will Glico products start shipping normally?
On May 1, Glico postponed the resumption of shipments, originally scheduled for mid-May, to the end of June.
Glico has many products that are loved by both children and adults, including Puchin Pudding, so an early recovery is desired.
