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

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 3.2 0 Apr 15, 2024 J-GAAP
Feb, 2025 New 9,602 217 282 145 47.0 0 Oct 11, 2024 J-GAAP
Revision Rate +0.5% +210.0% +171.2% +1,350.0% +1,351.9%

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% +16.7%

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 47.0 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% － － － －

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