Y.S.FOOD CO.,LTD., First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 45%

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Thu Nov 14, 2024 3:30 pm JST Earnings

3358 Y.S.FOOD CO.,LTD. 【J-GAAP】

Earnings Report

Y.S.FOOD CO.,LTD. <3358> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.0% from the same period last year to 27 million yen. However, The progress rate against the 53 million yen full-year plan was 50.9%, almost the same as the same period of the previous year of 52.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 23.5% from the same period last year to 26 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 16 million yen, a 44.8% decrease compared to the same period last year. The operating profit margin worsened from 2.0% in the same period last year to 0.8%.

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	674	-28	-6	61	2.0	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	697	4	37	40	1.3	52.1	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	713	10	27	23	0.8	50.9	Nov 14, 2024	J-GAAP
YoY	+2.3%	+150.0%	-27.0%	-42.5%	-42.5%

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	713	10	27	23	0.8	0	Nov 14, 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	725	32	34	-3	-0.1	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	860	27	26	9	0.3	0	Nov 14, 2024	J-GAAP
YoY	+18.6%	-15.6%	-23.5%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,425	-33	0	35	1.2	0	May 15, 2023	J-GAAP
Mar, 2024	1,422	36	71	37	1.2	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	1,573	37	53	32	1.0	0	May 15, 2024	J-GAAP
YoY	+10.6%	+2.8%	-25.4%	-13.5%	-15.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	357	7	29	26	0.9	2.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	366	22	20	-30	-1.1	6.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	359	10	14	27	0.9	2.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	341	7	11	9	0.3	2.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	372	3	16	14	0.5	0.8	Nov 14, 2024	J-GAAP
YoY	+4.2%	-57.1%	-44.8%	-46.2%	-46.0%