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ASAHIMATSU FOODS CO.,LTD., First Half Ordinary Profit Decreases by 25%, July-September Ordinary Profit Decreases by 81%

Fri Nov 8, 2024 3:30 pm JST Earnings

2911 ASAHIMATSU FOODS CO.,LTD. 【J-GAAP】

Earnings Report

ASAHIMATSU FOODS CO.,LTD. <2911> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 25.4% from the same period last year to 53 million yen. The progress rate against the 320 million yen full-year plan was 16.6%, also falling below the five-year average of 35.9%.

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 23.6% from the same period last year, reaching 267 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 9 million yen, a 81.3% decrease compared to the same period last year. The operating profit/loss margin worsened from 2.2% in the same period last year to -0.3%.

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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 3,761 -79 -47 -33 -18.4 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 3,830 48 71 58 31.7 24.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 3,731 18 53 30 16.6 16.6 Nov 8, 2024 J-GAAP
YoY -2.6% -62.5% -25.4% -48.3% -47.5%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 3,731 18 53 30 16.6 0 Nov 8, 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 4,268 157 216 174 94.9 25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,569 222 267 210 113.6 35 Nov 8, 2024 J-GAAP
YoY +7.1% +41.4% +23.6% +20.7% +19.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,937 -49 28 -68 -37.5 10 May 15, 2023 J-GAAP
Mar, 2024 8,098 205 287 232 126.5 25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,300 240 320 240 129.8 35 May 15, 2024 J-GAAP
YoY +2.5% +17.1% +11.5% +3.4% +2.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,904 42 48 45 24.6 2.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 2,423 143 171 142 77.4 5.9 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 1,845 14 45 32 17.4 0.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,882 24 44 27 14.9 1.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,849 -6 9 3 1.7 -0.3 Nov 8, 2024 J-GAAP
YoY -2.9% － -81.3% -93.3% -93.2%

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