AKIKAWA FOODS & FARMS CO., LTD., The Current Fiscal Year Operating Profit Revised Downward to a Loss

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.

Thu Nov 14, 2024 3:30 pm JST Earnings

1380 AKIKAWA FOODS & FARMS CO., LTD. 【J-GAAP】

Earnings Report

AKIKAWA FOODS & FARMS CO., LTD. <1380> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 99 million yen (compared to a profit of 47 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 17 million yen.

In addition, the full-year consolidated operating profit/loss has been revised downward from an expected profit of 85 million yen to a loss of 11 million yen (compared to a profit of 11 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated operating profit/loss for the October to March period (second half) is expected to turn into a profit of 88 million yen (compared to a loss of 36 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated operating profit/loss turned to a loss of 30 million yen (compared to a profit of 20 million yen in the same period last year). The operating profit/loss margin worsened from 1.1% in the same period last year to -1.6%.

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	3,338	-23	34	16	3.9	14.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	3,632	47	127	86	20.7	83.0	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	3,776	-99	-58	-48	-11.6	ー	Nov 14, 2024	J-GAAP
YoY	+4.0%	－	－	－	－

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	3,903	-17	10	-6	-1.4	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	3,776	-99	-58	-48	-11.6	0	Nov 14, 2024	J-GAAP
Revision Rate	-3.3%	-482.4%	－	-700.0%	-705.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	8,050	85	125	80	19.2	10	May 15, 2024	J-GAAP
Mar, 2025 New	7,810	-11	35	3	0.7	10	Nov 14, 2024	J-GAAP
Revision Rate	-3.0%	－	-72.0%	-96.3%	-96.2%

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	3,760	-36	26	12	2.9	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,034	88	93	51	12.2	10	Nov 14, 2024	J-GAAP
YoY	+7.3%	－	+257.7%	+325.0%	+323.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,070	19	242	156	37.4	10	May 11, 2023	J-GAAP
Mar, 2024	7,392	11	153	98	23.6	10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	7,810	-11	35	3	0.7	10	Nov 14, 2024	J-GAAP
YoY	+5.7%	－	-77.1%	-96.9%	-96.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,814	20	58	36	8.7	1.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,954	24	69	44	10.6	1.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,806	-60	-43	-32	-7.7	-3.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,869	-69	-45	-36	-8.7	-3.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,907	-30	-13	-12	-2.9	-1.6	Nov 14, 2024	J-GAAP
YoY	+5.1%	－	－	－	－