YUTAKA FOODS CORPORATION, First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 31%

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Fri Nov 8, 2024 1:00 pm JST Earnings

2806 YUTAKA FOODS CORPORATION 【J-GAAP】

Earnings Report

YUTAKA FOODS CORPORATION <2806> [TSE-S] announced its financial results in the afternoon session on November 8th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.4% from the same period last year, reaching 441 million yen. The progress rate against the 860 million yen full-year plan was 51.3%, almost the same as the five-year average of 52.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 36.0% from the same period last year, reaching 419 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 31.1% from the same period last year, reaching 211 million yen. The operating profit margin improved from 4.2% in the same period last year to 5.5%.

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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	6,902	462	533	373	53.7	52.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	6,792	317	389	252	36.4	55.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	7,180	369	441	306	44.1	51.3	Nov 8, 2024	J-GAAP
YoY	+5.7%	+16.4%	+13.4%	+21.4%	+21.2%

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	6,900	365	435	285	41.0	20	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	7,180	369	441	306	44.1	20	Nov 8, 2024	J-GAAP
Revision Rate	+4.1%	+1.1%	+1.4%	+7.4%	+7.4%

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	7,012	269	308	207	29.8	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,720	381	419	264	38.0	20	Nov 8, 2024	J-GAAP
YoY	-4.2%	+41.6%	+36.0%	+27.5%	+27.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,740	892	1,010	683	98.4	40	May 12, 2023	J-GAAP
Mar, 2024	13,804	586	697	459	66.2	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	13,900	750	860	570	82.0	40	May 10, 2024	J-GAAP
YoY	+0.7%	+28.0%	+23.4%	+24.2%	+24.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,497	146	161	91	13.1	4.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,587	161	189	114	16.4	4.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,425	108	119	93	13.4	3.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,615	172	230	161	23.3	4.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	3,565	197	211	145	20.9	5.5	Nov 8, 2024	J-GAAP
YoY	+1.9%	+34.9%	+31.1%	+59.3%	+58.9%