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

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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%