Yakiniku Sakai Holdings Inc., First Half Ordinary Profit Decreases by 58%, July-September Ordinary Profit Decreases by 92%

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Thu Nov 14, 2024 4:30 pm JST Earnings

2694 Yakiniku Sakai Holdings Inc. 【J-GAAP】

Earnings Report

Yakiniku Sakai Holdings Inc. <2694> [TSE-S] announced its financial results after the market closed on November 14th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 58.2% from the same period last year to 122 million yen. The progress rate against the 582 million yen full-year plan was 21.0%, also falling below the five-year average of 51.9%.

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 expand by 46.5% from the same period last year, reaching 460 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 11 million yen, a 92.4% decrease compared to the same period last year. The operating profit margin worsened from 2.2% in the same period last year to 1.6%.

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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	10,737	-329	387	181	0.8	80.6	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	10,918	218	292	45	0.2	48.2	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	11,377	185	122	118	0.5	21.0	Nov 14, 2024	J-GAAP
YoY	+4.2%	-15.1%	-58.2%	+162.2%	+163.2%

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	11,377	185	122	118	0.5	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	11,899	311	314	190	0.8	0.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,550	389	460	225	1.0	－	Nov 14, 2024	J-GAAP
YoY	-2.9%	+25.1%	+46.5%	+18.4%	+18.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,055	-249	480	277	1.2	0.50	May 15, 2023	J-GAAP
Mar, 2024	22,817	529	606	235	1.0	0.50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	22,927	574	582	343	1.5	－	May 15, 2024	J-GAAP
YoY	+0.5%	+8.5%	-4.0%	+46.0%	+46.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,571	122	144	-89	-0.4	2.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	6,162	226	220	135	0.6	3.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,737	85	94	55	0.2	1.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,515	93	111	69	0.3	1.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,862	92	11	49	0.2	1.6	Nov 14, 2024	J-GAAP
YoY	+5.2%	-24.6%	-92.4%	－	－