SATO FOODS CO., LTD., Undisclosed Ordinary Profit The Current Fiscal Year expected to fall by 19%, Previously Undecided Dividend for the current fiscal year Set at 60 yen

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Tue Sep 10, 2024 3:00 pm JST Earnings

2923 SATO FOODS CO., LTD. 【J-GAAP】

Earnings Report

SATO FOODS CO., LTD. <2923> [TSE-S] announced its financial results after the market closed on September 10th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending April 2025 (May to July) decreased by 16.4% from the same period last year to 249 million yen.

The full-year forecast, which was not disclosed, indicated that consolidated ordinary profit decrease by 18.6% from the previous period to 2.45 billion yen.

At the same time, the company has decided to forego the previously undecided the dividend for the first half for this fiscal year, and The previously undecided the dividend for the second half will be set at 60 yen , the annual will be 60 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from May to July (1Q), the operating profit margin worsened from 2.8% in the same period last year to 1.9%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
May - Jul, 2022	6,729	264	362	285	56.6	40.0	Sep 7, 2022	J-GAAP
May - Jul, 2023	6,919	192	298	227	45.2	25.6	Sep 12, 2023	J-GAAP
May - Jul, 2024	7,548	141	249	170	33.9	ー	Sep 10, 2024	J-GAAP
YoY	+9.1%	-26.6%	-16.4%	-25.1%	-25.0%

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	ー	ー	ー	ー	－	－	Jun 13, 2024	J-GAAP
May - Oct, 2024 New	ー	ー	ー	ー	－	0	Sep 10, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	ー	ー	ー	ー	－	－	Jun 13, 2024	J-GAAP
Apr, 2025 New	45,000	2,100	2,450	1,710	339.0	60	Sep 10, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	16,574	986	1,166	834	165.5	0	Dec 13, 2023	J-GAAP
May - Oct, 2024 Guidance	ー	ー	ー	ー	－	0	Sep 10, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	39,666	2,250	2,599	1,841	365.1	55	Jun 13, 2023	J-GAAP
Apr, 2024	42,581	2,656	3,009	2,295	455.2	60	Jun 13, 2024	J-GAAP
Apr, 2025 Guidance	45,000	2,100	2,450	1,710	339.0	60	Sep 10, 2024	J-GAAP
YoY	+5.7%	-20.9%	-18.6%	-25.5%	-25.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	6,919	192	298	227	45.2	2.8	Sep 12, 2023	J-GAAP
Aug - Oct, 2023	9,655	794	868	607	120.5	8.2	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	17,266	2,246	2,361	1,610	319.3	13.0	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	8,741	-576	-518	-149	-29.6	-6.6	Jun 13, 2024	J-GAAP
May - Jul, 2024	7,548	141	249	170	33.9	1.9	Sep 10, 2024	J-GAAP
YoY	+9.1%	-26.6%	-16.4%	-25.1%	-25.0%