ROKKO BUTTER CO., LTD., July-September (3Q) Ordinary Profit Decreases by 45%

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Fri Nov 8, 2024 3:45 pm JST Earnings

2266 ROKKO BUTTER CO., LTD. 【J-GAAP】

Earnings Report

ROKKO BUTTER CO., LTD. <2266> [TSE-P] announced its financial results after the market closed on November 8th (15:45). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 13 times that of the same period last year, reaching 1.37 billion yen. The progress rate against the 1.9 billion yen full-year plan was 72.1%, exceeding the five-year average of 58.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to decrease by 2.6% from the same period last year to 530 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit dropped to 137 million yen, a 44.5% decrease compared to the same period last year. However, the operating profit margin improved from 2.2% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	29,913	175	251	186	9.6	69.9	Nov 8, 2022	J-GAAP
Jan - Sep, 2023	32,525	40	108	50	2.6	16.6	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	31,322	1,450	1,370	562	28.9	72.1	Nov 8, 2024	J-GAAP
YoY	-3.7%	+3,525.0%	+1,168.5%	+1,024.0%	+1,018.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	22,352	824	791	593	30.5	25	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	23,951	677	667	147	7.5	20	Aug 9, 2024	J-GAAP
YoY	+7.2%	-17.8%	-15.7%	-75.2%	-75.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	41,924	345	359	219	11.3	20	Feb 10, 2023	J-GAAP
Dec, 2023	44,296	626	652	446	22.9	25	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	45,300	1,800	1,900	1,050	53.9	20	Feb 9, 2024	J-GAAP
YoY	+2.3%	+187.5%	+191.4%	+135.4%	+135.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,581	238	247	197	10.2	2.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	11,771	586	544	396	20.3	5.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	10,314	443	495	369	19.0	4.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	11,035	680	738	534	27.4	6.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,973	327	137	-341	-17.5	3.3	Nov 8, 2024	J-GAAP
YoY	-5.7%	+37.4%	-44.5%	－	－