HAGOROMO FOODS CORPORATION, First Half Ordinary Profit Increases by 51%, Current Fiscal Year Dividend Revised Upward by 10 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 13, 2024 3:30 pm JST Earnings

2831 HAGOROMO FOODS CORPORATION 【J-GAAP】

Earnings Report

HAGOROMO FOODS CORPORATION <2831> [TSE-S] 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 2.45 billion yen, an increase of 50.9% compared to the same period last year. The progress rate against the 2.8 billion yen full-year plan was 87.6%, also surpassing the five-year average of 69.6%.

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 drop by 46.2% from the same period last year to 346 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 20.5% from the same period last year, reaching 1.15 billion yen. The operating profit margin improved from 4.8% in the same period last year to 5.6%.

Kabutan News

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	35,609	37	168	84	9.0	ー	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	37,483	1,394	1,626	1,298	138.0	71.7	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	38,715	2,193	2,454	1,792	190.5	87.6	Nov 13, 2024	J-GAAP
YoY	+3.3%	+57.3%	+50.9%	+38.1%	+38.1%

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	38,715	2,193	2,454	1,792	190.4	25	Nov 1, 2024	J-GAAP
Apr - Sep, 2024 Results	38,715	2,193	2,454	1,792	190.5	30	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	74,800	2,300	2,800	2,000	212.5	50	Nov 1, 2024	J-GAAP
Mar, 2025 New	74,800	2,300	2,800	2,000	212.5	60	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	36,018	440	643	451	48.0	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,085	107	346	208	22.1	30	Nov 13, 2024	J-GAAP
YoY	+0.2%	-75.7%	-46.2%	-53.9%	-53.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	70,452	-1,133	-791	-1,320	-140.3	50	May 12, 2023	J-GAAP
Mar, 2024	73,501	1,834	2,269	1,749	186.0	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	74,800	2,300	2,800	2,000	212.5	60	Nov 13, 2024	J-GAAP
YoY	+1.8%	+25.4%	+23.4%	+14.4%	+14.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,796	906	958	839	89.2	4.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	19,481	809	1,027	735	78.1	4.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	16,537	-369	-384	-284	-30.2	-2.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,245	1,094	1,300	903	96.0	5.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	19,470	1,099	1,154	889	94.5	5.6	Nov 13, 2024	J-GAAP
YoY	+3.6%	+21.3%	+20.5%	+6.0%	+6.0%