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

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%

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