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KIBUN FOODS INC., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Loss Narrows

Thu Nov 14, 2024 4:00 pm JST Earnings

2933 KIBUN FOODS INC. 【J-GAAP】

Earnings Report

KIBUN FOODS INC. <2933> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 440 million yen (compared to a loss of 69 million yen in the same period last year). The progress rate against the 4.22 billion yen full-year plan was 10.4%.

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 decrease by 15.5% from the same period last year to 3.78 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 19 million yen (compared to a loss of 44 million yen in the same period last year). The operating profit margin improved from 0.0% in the same period last year to 0.4%.

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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 46,788 -786 -749 -1,332 -58.4 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 47,365 108 -69 -658 -28.8 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 47,759 546 440 -55 -2.5 10.4 Nov 14, 2024 J-GAAP
YoY +0.8% +405.6% － +91.6% +91.5%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 47,759 546 440 -55 -2.5 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 59,151 4,611 4,463 3,486 152.8 17 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 63,192 4,181 3,781 2,910 127.5 20 Nov 14, 2024 J-GAAP
YoY +6.8% -9.3% -15.3% -16.5% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 105,691 2,022 1,760 442 19.4 16 May 12, 2023 J-GAAP
Mar, 2024 106,516 4,719 4,394 2,828 123.9 17 May 14, 2024 J-GAAP
Mar, 2025 Guidance 110,951 4,727 4,221 2,855 125.1 20 May 14, 2024 J-GAAP
YoY +4.2% +0.2% -3.9% +1.0% +0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 23,681 4 -44 -403 -17.7 0.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 34,210 3,799 3,790 3,169 138.8 11.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 24,941 812 673 317 13.9 3.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 23,111 451 459 231 10.2 2.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 24,648 95 -19 -286 -12.7 0.4 Nov 14, 2024 J-GAAP
YoY +4.1% +2,275.0% +56.8% +29.0% +27.9%

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