Okamura Foods Co.,Ltd, July-September (1Q) Ordinary Profit Decreases by 11%, Revises Dividend Forecast in Conjunction with Stock Split

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

2938 Okamura Foods Co.,Ltd 【J-GAAP】

Earnings Report

Okamura Foods Co.,Ltd <2938> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending June 2025 (July to September) decreased by 10.5% from the same period last year to 1.15 billion yen. However, The progress rate against the 2.94 billion yen full-year plan was 39.2%, almost the same as the same period of the previous year of 44.0%.

At the same time, Due to a planned 1-to-2 stock split is scheduled for December 31, the the annual dividend has been revised from the original plan of 38 yen to 28.5 yen (equivalent to 38 yen before the stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (1Q), the operating profit margin decreased from 17.0% in the same period last year to 14.8%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Sep, 2023	6,849	1,163	1,291	918	129.7	97.4	Nov 14, 2023	J-GAAP
Jul - Sep, 2024	8,191	1,215	1,155	927	114.7	ー	Nov 14, 2024	J-GAAP
YoY	+19.6%	+4.5%	-10.5%	+1.0%	-11.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	15,366	1,254	1,325	895	118.6	17	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	19	Aug 9, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2024	32,665	2,548	2,932	1,968	252.2	34	Aug 9, 2024	J-GAAP
Jun, 2025 Guidance	36,119	3,212	2,949	2,093	257.3	38	Aug 9, 2024	J-GAAP
YoY	+10.6%	+26.1%	+0.6%	+6.4%	+2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,849	1,163	1,291	918	129.7	17.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	8,517	91	34	-23	-3.1	1.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,482	576	716	479	62.1	7.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,817	718	891	594	76.1	7.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,191	1,215	1,155	927	114.7	14.8	Nov 14, 2024	J-GAAP
YoY	+19.6%	+4.5%	-10.5%	+1.0%	-11.6%