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

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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%.

Kabutan News

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	37,200	1,100	1,500	1,100	116.9	25	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	38,715	2,193	2,454	1,792	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	73,100	1,900	2,500	1,700	180.7	50	May 13, 2024	J-GAAP
Mar, 2025 New	74,800	2,300	2,800	2,000	212.5	50	Nov 1, 2024	J-GAAP
Revision Rate	+2.3%	+21.1%	+12.0%	+17.6%	+17.6%

Current Period Guidance

H1 Results

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