FUJIO FOOD GROUP INC., The Current Fiscal Year Ordinary Profit Revised Upward by 49%

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Thu Nov 14, 2024 3:30 pm JST Earnings

2752 FUJIO FOOD GROUP INC. 【J-GAAP】

Earnings Report

FUJIO FOOD GROUP INC. <2752> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 4.4 times that of the same period last year, reaching 1.02 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 49.4%, from the previous forecast of 711 million yen to 1.06 billion yen (compared to 296 million yen in the previous period), increasing the growth rate from 2.4 times to 3.6 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 6.8 times, from the previous forecast of 61 million yen to 412 million yen (compared to 329 million yen in the same period of the previous year), turning to a 25.2% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 39.6% from the same period last year, reaching 374 million yen. The operating profit margin improved from 3.9% in the same period last year to 6.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	19,225	-1,696	-544	-998	-22.7	ー	Dec 6, 2022	J-GAAP
Jan - Sep, 2023	22,288	312	235	-21	-0.5	79.4	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	23,403	1,149	1,024	471	10.4	96.4	Nov 14, 2024	J-GAAP
YoY	+5.0%	+268.3%	+335.7%	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	15,193	132	61	-229	-4.5	－	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	15,489	549	412	91	1.8	－	Nov 14, 2024	J-GAAP
Revision Rate	+1.9%	+315.9%	+575.4%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	30,655	800	711	163	3.2	－	Feb 14, 2024	J-GAAP
Dec, 2024 New	30,951	1,217	1,062	483	9.6	－	Nov 14, 2024	J-GAAP
Revision Rate	+1.0%	+52.1%	+49.4%	+196.3%	+196.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	14,909	365	329	-514	-11.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	15,489	549	412	91	1.8	－	Nov 14, 2024	J-GAAP
YoY	+3.9%	+50.4%	+25.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	26,530	-1,886	-722	-3,402	-77.2	0	Feb 14, 2023	J-GAAP
Dec, 2023	29,756	389	296	-706	-15.7	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	30,951	1,217	1,062	483	9.6	－	Nov 14, 2024	J-GAAP
YoY	+4.0%	+212.9%	+258.8%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,441	288	268	171	3.8	3.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	7,468	77	61	-685	-15.2	1.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,852	445	439	382	8.4	5.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	7,610	223	211	10	0.2	2.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	7,941	481	374	79	1.7	6.1	Nov 14, 2024	J-GAAP
YoY	+6.7%	+67.0%	+39.6%	-53.8%	-54.6%