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Mitsubishi Shokuhin Co., Ltd., First Half Ordinary Profit Decreases by 2%, July-September Ordinary Profit Increases by 0.5％

Thu Nov 7, 2024 3:00 pm JST Earnings

7451 Mitsubishi Shokuhin Co., Ltd. 【J-GAAP】

Earnings Report

Mitsubishi Shokuhin Co., Ltd. <7451> [TSE-S] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 14.4 billion yen, a 1.7% decrease compared to the same period last year. The progress rate against the 33 billion yen full-year plan was 43.7%, almost the same as the five-year average of 41.9%.

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 11.0% from the same period last year, reaching 18.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 8.12 billion yen, an increase of 0.5% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 1.5% in the same period last year to 1.5%.

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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 998,603 10,060 11,081 7,454 171.3 44.0 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 1,047,407 13,669 14,661 10,159 233.9 46.7 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 1,059,312 13,938 14,415 10,030 231.0 43.7 Nov 7, 2024 J-GAAP
YoY +1.1% +2.0% -1.7% -1.3% -1.2%

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 － 90 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 1,059,312 13,938 14,415 10,030 231.0 90 Nov 7, 2024 J-GAAP
Revision Rate － － － － －

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 1,039,387 15,859 16,746 12,423 286.0 80 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,070,688 17,562 18,585 12,770 294.4 95 Nov 7, 2024 J-GAAP
YoY +3.0% +10.7% +11.0% +2.8% +2.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,996,780 23,433 25,199 17,126 393.9 110 May 11, 2023 J-GAAP
Mar, 2024 2,086,794 29,528 31,407 22,582 519.9 160 May 9, 2024 J-GAAP
Mar, 2025 Guidance 2,130,000 31,500 33,000 22,800 525.7 185 May 9, 2024 J-GAAP
YoY +2.1% +6.7% +5.1% +1.0% +1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 534,654 7,825 8,088 5,601 129.0 1.5 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 547,833 10,425 10,984 8,252 190.0 1.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 491,554 5,434 5,762 4,171 96.0 1.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 522,093 6,117 6,289 4,411 101.6 1.2 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 537,219 7,821 8,126 5,619 129.4 1.5 Nov 7, 2024 J-GAAP
YoY +0.5% -0.1% +0.5% +0.3% +0.3%

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