CALBEE,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 4%

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Fri Nov 1, 2024 12:00 pm JST Earnings

2229 CALBEE,Inc. 【J-GAAP】

Earnings Report

CALBEE,Inc. <2229> [TSE-P] announced its financial results at noon (12:00) on November 1st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.0% from the same period last year to 14.8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 3.6%, from the previous forecast of 28 billion yen to 29 billion yen (compared to 31.1 billion yen in the previous period), and the declining rate is expected to decrease from 10.1% to 6.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 2.2% from the same period last year to 14.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.47 billion yen, a 23.9% decrease compared to the same period last year. However, the operating profit margin improved from 8.5% in the same period last year to 9.1%.

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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	133,212	10,246	12,711	8,311	64.4	54.2	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	147,071	13,514	16,635	10,864	87.0	53.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	157,070	14,926	14,801	10,633	85.1	51.0	Nov 1, 2024	J-GAAP
YoY	+6.8%	+10.4%	-11.0%	-2.1%	-2.1%

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	ー	ー	ー	ー	－	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	157,070	14,926	14,801	10,633	85.1	0	Nov 1, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	320,000	28,900	28,000	18,000	144.1	58	May 9, 2024	J-GAAP
Mar, 2025 New	323,000	29,500	29,000	19,500	156.1	58	Nov 1, 2024	J-GAAP
Revision Rate	+0.9%	+2.1%	+3.6%	+8.3%	+8.3%

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	155,956	13,790	14,520	9,022	72.2	56	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	165,930	14,574	14,199	8,867	71.0	58	Nov 1, 2024	J-GAAP
YoY	+6.4%	+5.7%	-2.2%	-1.7%	-1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	279,315	22,233	23,460	14,772	115.2	52	May 9, 2023	J-GAAP
Mar, 2024	303,027	27,304	31,155	19,886	159.2	56	May 9, 2024	J-GAAP
Mar, 2025 Guidance	323,000	29,500	29,000	19,500	156.1	58	Nov 1, 2024	J-GAAP
YoY	+6.6%	+8.0%	-6.9%	-1.9%	-2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	73,915	6,270	7,191	4,612	36.9	8.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	80,268	10,201	9,396	6,301	50.5	12.7	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	75,688	3,589	5,124	2,721	21.8	4.7	May 9, 2024	J-GAAP
Apr - Jun, 2024	77,656	7,674	9,327	7,071	56.6	9.9	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	79,414	7,252	5,474	3,562	28.5	9.1	Nov 1, 2024	J-GAAP
YoY	+7.4%	+15.7%	-23.9%	-22.8%	-22.8%