Ezaki Glico Co., Ltd.

Ezaki Glico on the 5th revised downward its consolidated net profit forecast for the fiscal year ending December 2026 to 9 billion yen, approximately 1.7 times the previous year's figure. The downgrade from the earlier forecast of 10 billion yen reflects delays in the development and launch of new products in its domestic business. The company also announced on the same day its consolidated results for the first half of the fiscal year, with net profit rising 32.8 percent year-on-year to 4.9 billion yen and revenue increasing 9.7 percent to 180.3 billion yen.

Ezaki Glico announced on the 10th that it will raise prices on 169 items, including the biscuit Bisco. Starting from October 1st, shipment prices will be increased by 3 to 15 percent. This is due to ongoing rises in material costs and logistics expenses amid turmoil in the Middle East.

Japan's Fair Trade Commission has raided six major ice cream makers on suspicion of price fixing. The companies—Meiji Co., Morinaga Milk Industry Co., Morinaga & Co., Lotte Co., Ezaki Glico Co., and Akagi Nyugo Co.—issued statements confirming the raids and pledging cooperation. Japanese media reported that top managers coordinated over several years to raise ice cream prices by 10 yen, or about 6 U.S. cents, and timed the hikes together. The commission has not commented on the case, but its website includes an example of an ice cream maker refusing to supply retailers that did not accept a suggested price.