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SATO FOODS INDUSTRIES CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 50%
2814 SATO FOODS INDUSTRIES CO.,LTD. 【J-GAAP】
Earnings ReportSATO FOODS INDUSTRIES CO.,LTD. <2814> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 329 million yen, a 0.6% decrease compared to the same period last year. The progress rate against the 727 million yen full-year plan was 45.3%, which was higher than the five-year average of 40.6%.
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 decrease by 13.1% from the same period last year to 398 million yen.
In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 62 million yen, a 50.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.9% in the same period last year to 3.8%.
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Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 2,789 | 258 | 319 | 211 | 50.2 | 41.8 | Nov 4, 2022 | J-GAAP |
Apr - Sep, 2023 | 2,934 | 260 | 331 | 261 | 64.3 | 42.0 | Nov 2, 2023 | J-GAAP |
Apr - Sep, 2024 | 3,108 | 256 | 329 | 272 | 69.9 | 45.3 | Nov 8, 2024 | J-GAAP |
YoY | +5.9% | -1.5% | -0.6% | +4.2% | +8.7% |
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 | 2,983 | 200 | 265 | 210 | 53.7 | 20 | May 10, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 3,108 | 256 | 329 | 272 | 69.9 | 20 | Nov 8, 2024 | J-GAAP |
Revision Rate | +4.2% | +28.0% | +24.2% | +29.5% | +30.2% |
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 | 3,167 | 403 | 458 | 512 | 126.5 | 22 | May 10, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 3,092 | 361 | 398 | 260 | 68.5 | 20 | Nov 8, 2024 | J-GAAP |
YoY | -2.4% | -10.4% | -13.1% | -49.2% | -45.8% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 5,881 | 618 | 764 | 384 | 92.5 | 35 | May 12, 2023 | J-GAAP |
Mar, 2024 | 6,101 | 663 | 789 | 773 | 191.0 | 40 | May 10, 2024 | J-GAAP |
Mar, 2025 Guidance | 6,200 | 617 | 727 | 532 | 140.2 | 40 | May 10, 2024 | J-GAAP |
YoY | +1.6% | -6.9% | -7.9% | -31.2% | -26.6% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 1,494 | 118 | 124 | 97 | 23.9 | 7.9 | Nov 2, 2023 | J-GAAP |
Oct - Dec, 2023 | 1,695 | 232 | 284 | 221 | 54.5 | 13.7 | Feb 2, 2024 | J-GAAP |
Jan - Mar, 2024 | 1,472 | 171 | 174 | 291 | 71.9 | 11.6 | May 10, 2024 | J-GAAP |
Apr - Jun, 2024 | 1,484 | 195 | 267 | 203 | 52.1 | 13.1 | Aug 2, 2024 | J-GAAP |
Jul - Sep, 2024 | 1,624 | 61 | 62 | 69 | 17.7 | 3.8 | Nov 8, 2024 | J-GAAP |
YoY | +8.7% | -48.3% | -50.0% | -28.9% | -25.8% |
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