TAKIZAWA HAM CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

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Tue Nov 12, 2024 4:00 pm JST Earnings

2293 TAKIZAWA HAM CO.,LTD. 【J-GAAP】

Earnings Report

TAKIZAWA HAM CO.,LTD. <2293> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 207 million yen (compared to a profit of 56 million yen in the same period last year).

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 decrease by 10.3% from the same period last year to 105 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 230 million yen (compared to a loss of 20 million yen in the same period last year). The operating profit/loss margin worsened from -0.3% in the same period last year to -3.0%.

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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	14,540	-159	-136	-143	-70.0	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	13,877	39	56	43	21.3	32.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	13,968	-221	-207	-289	-140.9	ー	Nov 12, 2024	J-GAAP
YoY	+0.7%	－	－	－	－

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	13,968	-221	-207	-299	-145.6	0	Nov 8, 2024	J-GAAP
Apr - Sep, 2024 Results	13,968	-221	-207	-289	-140.9	0	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+3.3%	+3.2%

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	14,334	105	117	80	39.2	20	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,832	91	105	67	32.6	20	Nov 12, 2024	J-GAAP
YoY	+3.5%	-13.3%	-10.3%	-16.3%	-16.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	29,458	-216	-167	-191	-93.0	0	May 12, 2023	J-GAAP
Mar, 2024	28,211	144	173	123	60.3	20	May 14, 2024	J-GAAP
Mar, 2025 Guidance	28,800	-130	-102	-222	-108.1	20	Nov 8, 2024	J-GAAP
YoY	+2.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,962	-19	-20	-31	-15.3	-0.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	7,932	210	220	148	72.3	2.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	6,402	-105	-103	-68	-33.3	-1.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	6,861	-7	23	17	8.3	-0.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,107	-214	-230	-306	-149.2	-3.0	Nov 12, 2024	J-GAAP
YoY	+2.1%	-1,026.3%	-1,050.0%	-887.1%	-873.1%