FRUTA FRUTA INC., The Current Fiscal Year Ordinary Profit Turns to Profit, Exceeds Expectations

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Wed Nov 13, 2024 12:00 pm JST Earnings

2586 FRUTA FRUTA INC. 【J-GAAP】

Earnings Report

FRUTA FRUTA INC. <2586> [TSE-G] announced its financial results at noon (12:00) on November 13th. The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 66 million yen (compared to a loss of 157 million yen in the same period last year).

In addition, the full-year ordinary profit has been revised upward from an expected loss of 100 million yen to a profit of 20 million yen (compared to a loss of 306 million yen in the previous period), turning to a profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary loss for the October to March period (second half) is expected to further decrease to loss of 46 million yen (compared to a loss of 149 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 63 million yen (compared to a loss of 58 million yen in the same period last year). The operating profit/loss margin drastically improved from -17.0% in the same period last year to 8.1%.

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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	383	-180	-182	-182	-6.4	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	576	-144	-157	-157	-4.9	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,125	67	66	54	1.2	330.0	Nov 13, 2024	J-GAAP
YoY	+95.3%	－	－	－	－

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	1,125	67	66	54	1.2	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,430	-100	-100	-100	-1.6	0	May 15, 2024	J-GAAP
Mar, 2025 New	2,000	20	20	20	0.3	0	Nov 13, 2024	J-GAAP
Revision Rate	+39.9%	－	－	－	－

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	560	-119	-149	-149	-4.4	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	875	-47	-46	-34	-0.5	0	Nov 13, 2024	J-GAAP
YoY	+56.3%	+60.5%	+69.1%	+77.2%	+87.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	804	-312	-307	-308	-10.4	0	May 15, 2023	J-GAAP
Mar, 2024	1,136	-263	-306	-306	-9.0	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	2,000	20	20	20	0.3	0	Nov 13, 2024	J-GAAP
YoY	+76.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	306	-52	-58	-57	-1.8	-17.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	261	-80	-87	-87	-0.9	-30.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	299	-39	-62	-62	-1.8	-13.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	472	14	3	3	0.1	3.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	653	53	63	51	1.2	8.1	Nov 13, 2024	J-GAAP
YoY	+113.4%	－	－	－	－