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

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 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 43.1 0 Nov 13, 2024 J-GAAP
YoY +25.6% +66.0% +62.1% +45.5% +42.5%

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 59.7 0 May 13, 2024 J-GAAP
YoY +17.3% +65.8% +63.3% +41.4% +38.5%

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%

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