Foodison,Inc., First Half Ordinary Profit Increases by 67%, July-September Ordinary Profit Increases by 21%

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Wed Nov 13, 2024 3:30 pm JST Earnings

7114 Foodison,Inc. 【J-GAAP】

Earnings Report

Foodison,Inc. <7114> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 85 million yen, an increase of 66.7% compared to the same period last year. However, The progress rate against the 320 million yen full-year plan was 26.6%, almost the same as the same period of the previous year of 26.0%.

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 expand by 62.1% from the same period last year, reaching 235 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.4% from the same period last year, reaching 17 million yen. The operating profit margin remained almost flat, changing from 1.0% in the same period last year to 1.1%.

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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, 2023	2,977	52	51	57	13.1	26.0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	3,211	86	85	75	16.8	26.6	Nov 13, 2024	J-GAAP
YoY	+7.9%	+65.4%	+66.7%	+31.6%	+28.4%

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 13, 2024	J-GAAP
Apr - Sep, 2024 Results	3,211	86	85	75	16.8	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	3,374	144	145	134	30.2	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,239	239	235	195	43.3	0	Nov 13, 2024	J-GAAP
YoY	+25.6%	+66.0%	+62.1%	+45.5%	+43.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,279	136	139	100	26.0	0	May 15, 2023	J-GAAP
Mar, 2024	6,351	196	196	191	43.1	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	7,450	325	320	270	60.0	0	May 13, 2024	J-GAAP
YoY	+17.3%	+65.8%	+63.3%	+41.4%	+39.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,503	15	14	27	6.2	1.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,766	98	100	81	18.3	5.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,608	46	45	53	12.0	2.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,629	68	68	62	13.8	4.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,582	18	17	13	2.9	1.1	Nov 13, 2024	J-GAAP
YoY	+5.3%	+20.0%	+21.4%	-51.9%	-53.1%