Calbee Inc：卡乐比公司（2229.T）收益总结：考虑成本增加下调GSe，维持卖出评级-20250528
Goldman Sachs·2025-05-28 05:00
27 May 2025 | 3:31PM JST Calbee Inc (2229.T) Sell Earnings wrap: Lowering GSe to factor in cost increases; maintain Sell 2229.T 12m Price Target: ¥2,950 Price: ¥2,932 Upside: 0.6% Reflecting FY3/25 results and our updated forex assumption (¥145/US$ versus ¥150/US$ previously), we lower our FY3/26-FY3/28 operating profit estimates for Calbee by 4.6%/6.6%/4.6%. We lower our FY3/26 operating profit estimates by ¥1.2 bn for Japan and ¥0.2 bn for overseas. For Japan, we now factor in price hikes from September 2 ...