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HAGOROMO FOODS CORPORATION, First Half Ordinary Profit Revised Upward to an Unexpected 51% Increase, Full Year also Increased

Fri Nov 1, 2024 3:30 pm JST Revision

2831 HAGOROMO FOODS CORPORATION 【J-GAAP】

Guidance Update Report

HAGOROMO FOODS CORPORATION <2831> [TSE-S] announced a performance revision after the market closed on November 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 63.6%, from the previous forecast of 1.5 billion yen to 2.45 billion yen (compared to 1.62 billion yen in the same period of the previous year), turning to a 50.9% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 12.0%, from the previous forecast of 2.5 billion yen to 2.8 billion yen (compared to 2.26 billion yen in the previous period), increasing the growth rate from 10.2% to 23.4%.

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Guidance Update

First Half Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Apr - Sep, 2024 Prev 37,200M 1,100M 1,500M 1,100M 116.9 25 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 38,715M 2,193M 2,454M 1,792M 190.4 25 Nov 1, 2024 J-GAAP
Revision Rate +4.1% +99.4% +63.6% +62.9% +62.9%
Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2025 Prev 73,100M 1,900M 2,500M 1,700M 180.7 50 May 13, 2024 J-GAAP
Mar, 2025 New 74,800M 2,300M 2,800M 2,000M 212.5 50 Nov 1, 2024 J-GAAP
Revision Rate +2.3% +21.1% +12.0% +17.6% +17.6%

Current Period Guidance

First Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Apr - Sep, 2023
37,483M 1,394M 1,626M 1,298M 138.0 25 Nov 14, 2023 J-GAAP
Guidance
Apr - Sep, 2024
38,715M 2,193M 2,454M 1,792M 190.4 25 Nov 1, 2024 J-GAAP
YoY +3.3% +57.3% +50.9% +38.1% +38.0%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2023
70,452M -1,133M -791M -1,320M -140.3 50 May 12, 2023 J-GAAP
Mar, 2024
73,501M 1,834M 2,269M 1,749M 186.0 50 May 13, 2024 J-GAAP
Guidance
Mar, 2025
74,800M 2,300M 2,800M 2,000M 212.5 50 Nov 1, 2024 J-GAAP
YoY +1.8% +25.4% +23.4% +14.4% +14.3%