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MARUDAI FOOD CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 11%

Fri Nov 8, 2024 3:30 pm JST Earnings

2288 MARUDAI FOOD CO.,LTD. 【J-GAAP】

Earnings Report

MARUDAI FOOD CO.,LTD. <2288> [TSE-P] 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) expanded to 3.14 billion yen, an increase of 80.8% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 11.4%, from the previous forecast of 4.4 billion yen to 4.9 billion yen (compared to 3.63 billion yen in the previous period), increasing the growth rate from 20.9% to 34.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 7.6% from the same period last year to 1.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 1.41 billion yen. The operating profit margin improved from 0.9% in the same period last year to 2.0%.

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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 110,557 -754 -515 -575 -22.9 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 114,118 1,482 1,738 983 39.3 47.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 118,582 2,882 3,143 4,272 171.9 64.1 Nov 8, 2024 J-GAAP
YoY +3.9% +94.5% +80.8% +334.6% +337.0%

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 118,500 2,850 3,100 4,200 169.0 － Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 118,582 2,882 3,143 4,272 171.9 － Nov 8, 2024 J-GAAP
Revision Rate +0.1% +1.1% +1.4% +1.7% +1.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 235,000 4,000 4,400 4,000 163.4 30 May 13, 2024 J-GAAP
Mar, 2025 New 236,000 4,500 4,900 4,700 192.0 30 Nov 8, 2024 J-GAAP
Revision Rate +0.4% +12.5% +11.4% +17.5% +17.5%

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 114,690 1,635 1,901 -10,397 -417.2 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 117,418 1,618 1,757 428 17.5 30 Nov 8, 2024 J-GAAP
YoY +2.4% -1.0% -7.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 221,979 -1,400 -897 -4,987 -198.8 20 May 12, 2023 J-GAAP
Mar, 2024 228,808 3,117 3,639 -9,414 -377.7 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 236,000 4,500 4,900 4,700 192.0 30 Nov 8, 2024 J-GAAP
YoY +3.1% +44.4% +34.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 57,855 508 684 7 0.3 0.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 61,790 1,736 1,788 1,452 58.2 2.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 52,900 -101 113 -11,849 -475.4 -0.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 58,330 1,667 1,725 3,204 128.9 2.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 60,252 1,215 1,418 1,068 43.0 2.0 Nov 8, 2024 J-GAAP
YoY +4.1% +139.2% +107.3% +15,157.1% +15,250.0%

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