Life Foods Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 2.7 times

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Fri Oct 11, 2024 3:15 pm JST Earnings

3065 Life Foods Co., Ltd. 【J-GAAP】

Earnings Report

Life Foods Co., Ltd. <3065> [TSE-S] announced its financial results after the market closed on October 11th (15:15). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 308 million yen (compared to a loss of 54 million yen in the same period last year), exceeded the previous forecast of 130 million yen.

In addition, the full-year ordinary profit has been revised upward by 2.7 times, from the previous forecast of 104 million yen to 282 million yen (compared to 5 million yen in the previous period), increasing the growth rate from 21 times to 56 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a loss of 26 million yen (compared to a profit of 59 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the operating profit/loss margin drastically improved from -0.4% in the same period last year to 4.7%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	4,813	-342	33	-59	-19.5	ー	Oct 13, 2022	J-GAAP
Mar - Aug, 2023	5,297	-73	-54	-647	-211.5	ー	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	4,936	260	308	218	71.0	109.2	Oct 11, 2024	J-GAAP
YoY	-6.8%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	4,891	112	130	82	26.7	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	4,936	260	308	218	71.0	0	Oct 11, 2024	J-GAAP
Revision Rate	+0.9%	+132.1%	+136.9%	+165.9%	+166.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	9,557	70	104	10	3.3	0	Apr 15, 2024	J-GAAP
Feb, 2025 New	9,602	217	282	145	47.1	0	Oct 11, 2024	J-GAAP
Revision Rate	+0.5%	+210.0%	+171.2%	+1,350.0%	+1,349.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	5,129	48	59	-87	-28.4	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,666	-43	-26	-73	-23.7	0	Oct 11, 2024	J-GAAP
YoY	-9.0%	－	－	+16.1%	+16.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	9,888	-593	-204	-447	-146.2	0	Apr 17, 2023	J-GAAP
Feb, 2024	10,426	-25	5	-734	-239.8	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	9,602	217	282	145	47.1	0	Oct 11, 2024	J-GAAP
YoY	-7.9%	－	+5,540.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,616	-11	0	-533	-174.3	-0.4	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	2,617	17	25	-3	-1.0	0.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,512	31	34	-84	-27.4	1.2	Apr 15, 2024	J-GAAP
Mar - May, 2024	2,485	146	156	146	47.7	5.9	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	2,451	114	152	72	23.4	4.7	Oct 11, 2024	J-GAAP
YoY	-6.3%	－	－	－	－