OHSHO FOOD SERVICE CORP., First Half Ordinary Profit Increases by 7%, July-September Ordinary Profit Increases by 11%

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Thu Oct 31, 2024 3:15 pm JST Earnings

9936 OHSHO FOOD SERVICE CORP. 【J-GAAP】

Earnings Report

OHSHO FOOD SERVICE CORP. <9936> [TSE-P] announced its financial results after the market closed on October 31st (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.8% from the same period last year, reaching 5.46 billion yen. However, The progress rate against the 11.3 billion yen full-year plan was 48.1%, almost the same as the five-year average of 48.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 9.9% from the same period last year, reaching 5.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.1% from the same period last year, reaching 2.89 billion yen. However, the operating profit margin remained almost flat, changing from 10.2% in the same period last year to 10.2%.

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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
Apr - Sep, 2022	45,136	3,820	4,856	3,072	54.5	53.1	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	49,744	4,988	5,122	3,896	69.1	48.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	53,879	5,247	5,469	3,645	64.6	48.1	Oct 31, 2024	J-GAAP
YoY	+8.3%	+5.2%	+6.8%	-6.4%	-6.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	54,427	5,542	5,662	3,754	66.4	25	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	53,879	5,247	5,469	3,645	64.6	25	Oct 31, 2024	J-GAAP
Revision Rate	-1.0%	-5.3%	-3.4%	-2.9%	-2.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	51,657	5,298	5,374	4,015	71.1	25	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	55,996	5,949	5,904	4,325	76.5	25	Oct 31, 2024	J-GAAP
YoY	+8.4%	+12.3%	+9.9%	+7.7%	+7.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	93,022	7,981	9,140	6,213	110.2	45	May 15, 2023	J-GAAP
Mar, 2024	101,401	10,286	10,496	7,911	140.2	48.33	May 15, 2024	J-GAAP
Mar, 2025 Guidance	109,875	11,196	11,373	7,970	141.0	50	May 23, 2024	J-GAAP
YoY	+8.4%	+8.8%	+8.4%	+0.7%	+0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	25,121	2,573	2,605	1,761	31.2	10.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	25,785	2,533	2,620	1,733	30.7	9.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	25,872	2,765	2,754	2,282	40.4	10.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	26,421	2,441	2,576	1,702	30.2	9.2	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	27,458	2,806	2,893	1,943	34.4	10.2	Oct 31, 2024	J-GAAP
YoY	+9.3%	+9.1%	+11.1%	+10.3%	+10.3%