Nichirei Cuts FY2026 Profit Forecast on Cyberattack and Middle East Costs
Nichirei has lowered its consolidated net profit forecast for the fiscal year ending December 2026 to 20.4 billion yen from 25.2 billion yen, with operating profit guidance reduced to 30 billion yen from 33.8 billion yen. The cuts reflect costs from a July cyberattack that disrupted system operations and increased expenses linked to Middle East tensions. The company booked a 1 billion yen special loss for the attack response, which also caused a 5 billion yen sales impact and an 800 million yen operating profit hit. Operations fully resumed on July 24.
Nichirei announced on the 7th that it has lowered its consolidated net profit forecast for the fiscal year ending December 2026 to 20.4 billion yen from the previous 25.2 billion yen. The operating profit forecast was also cut to 30 billion yen from 33.8 billion yen. The downward revision reflects costs related to system failures caused by a July cyberattack, as well as higher expenses stemming from the Middle East situation.
The system failure has so far had a negative impact of 5 billion yen on sales and 800 million yen on operating profit. Suspended shipments in the food business and halted operations in the low-temperature logistics business will weigh on results. The company has also booked a 1 billion yen special loss as costs for responding to the failure. Details of the cyberattack are still under investigation and have not been disclosed.
Nichirei announced on July 13 that illegal access had caused system failures, disrupting refrigerated warehouse loading and unloading operations, with effects spreading across a wide range of customers in the restaurant and retail sectors. Operations were fully restored on July 24. A Russian hacker group has claimed responsibility for the attack.