TOKYO ICHIBAN FOODS CO .,LTD, 39% Increase in Ordinary Profit for The Current Fiscal Year

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Thu Nov 14, 2024 6:30 pm JST Earnings

3067 TOKYO ICHIBAN FOODS CO .,LTD 【J-GAAP】

Earnings Report

TOKYO ICHIBAN FOODS CO .,LTD <3067> [TSE-S] announced its financial results after the market closed on November 14th (18:30). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 35.9% from the previous period to 246 million yen. For the fiscal year ending September 2025, the profit is expected to expand to 38.6% to 341 million yen. This will be the fifth consecutive term of revenue growth.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary loss expanded to a loss of 91 million yen (compared to a loss of 47 million yen in the same period last year). The operating profit/loss margin worsened from -4.1% in the same period last year to -5.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	6,062	-367	274	121	13.7	0	Nov 14, 2022	J-GAAP
Sep, 2023	7,257	139	181	109	12.3	0	Nov 10, 2023	J-GAAP
Sep, 2024	7,452	217	246	39	4.4	0	Nov 14, 2024	J-GAAP
YoY	+2.7%	+56.1%	+35.9%	-64.2%	-64.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	7,701	232	220	165	18.5	0	Nov 10, 2023	J-GAAP
Sep, 2024 Results	7,452	217	246	39	4.4	0	Nov 14, 2024	J-GAAP
Revision Rate	-3.2%	-6.5%	+11.8%	-76.4%	-76.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	4,308	360	375	319	35.5	0	May 1, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,524	435	395	343	38.5	0	Nov 14, 2024	J-GAAP
YoY	+5.0%	+20.8%	+5.3%	+7.5%	+8.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	7,257	139	181	109	12.3	0	Nov 10, 2023	J-GAAP
Sep, 2024	7,452	217	246	39	4.4	0	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	8,082	331	341	293	32.9	0	Nov 14, 2024	J-GAAP
YoY	+8.5%	+52.5%	+38.6%	+651.3%	+650.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,624	-66	-47	-56	-6.3	-4.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,222	209	215	184	20.5	9.4	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	2,086	151	160	135	15.0	7.2	May 1, 2024	J-GAAP
Apr - Jun, 2024	1,572	-51	-38	-54	-6.0	-3.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,572	-92	-91	-226	-25.4	-5.9	Nov 14, 2024	J-GAAP
YoY	-3.2%	-39.4%	-93.6%	-303.6%	-302.2%