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SHOEI FOODS CORPORATION, Third Quarter Cumulative (November-July) Ordinary Profit Increases by 33%

Wed Sep 11, 2024 3:00 pm JST Earnings

8079 SHOEI FOODS CORPORATION 【J-GAAP】

Earnings Report

SHOEI FOODS CORPORATION <8079> [TSE-P] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 4.37 billion yen, an increase of 33.1% compared to the same period last year. This progress accounts for 85.7% of the full-year plan of 5.1 billion yen, almost the same as the five-year average of 85.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to decrease by 14.5% from the same period last year to 730 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit amounted to 1.19 billion yen, a 0.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.2% in the same period last year to 4.0%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 77,639 3,581 3,846 2,605 154.8 93.9 Sep 12, 2022 J-GAAP
Nov - Jul, 2022 82,224 3,195 3,283 2,194 130.3 79.4 Sep 11, 2023 J-GAAP
Nov - Jul, 2023 87,926 4,214 4,370 2,746 163.0 85.7 Sep 11, 2024 J-GAAP
YoY +6.9% +31.9% +33.1% +25.2% +25.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 53,823 1,937 2,055 1,460 86.7 24 Dec 13, 2023 J-GAAP
May - Oct, 2024 Guidance 55,308 1,908 1,922 1,301 77.2 25 Jun 11, 2024 J-GAAP
YoY +2.8% -1.5% -6.5% -10.9% -10.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 103,188 3,749 4,095 2,788 165.6 48 Dec 13, 2022 J-GAAP
Oct, 2023 109,594 4,034 4,137 2,809 166.8 48 Dec 13, 2023 J-GAAP
Oct, 2024 Guidance 115,000 5,000 5,100 3,250 192.9 50 Jun 11, 2024 J-GAAP
YoY +4.9% +23.9% +23.3% +15.7% +15.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 26,453 1,098 1,201 845 50.2 4.2 Sep 11, 2023 J-GAAP
Aug - Oct, 2023 27,370 839 854 615 36.5 3.1 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 29,522 1,194 1,211 576 34.2 4.0 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 30,170 1,898 1,967 1,373 81.5 6.3 Jun 11, 2024 J-GAAP
May - Jul, 2024 28,234 1,122 1,192 797 47.3 4.0 Sep 11, 2024 J-GAAP
YoY +6.7% +2.2% -0.7% -5.7% -5.7%

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