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SHOEI FOODS, 9% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Rise by 10 yen

Fri Dec 13, 2024 3:30 pm JST Earnings

8079 SHOEI FOODS CORPORATION 【J-GAAP】

Earnings Report

SHOEI FOODS CORPORATION <8079> [TSE Prime] announced its financial results after the market closed on December 13th (15:30). The consolidated ordinary profit for the fiscal year ending October 2024 increased 19.7% from the previous period to 4.95 billion yen. However, for the fiscal year ending October 2025, the profit is expected to decrease by 9.1% from the previous period to 4.5 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 60 yen, an increase of 10 yen from the previous fiscal year.

In the most recent three-month period, from August to October (4Q), the consolidated ordinary profit dropped to 580 million yen, a 32.1% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 2.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 103,188 3,749 4,095 2,788 165.6 48 Dec 13, 2022 J-GAAP
Oct, 2023 109,594 4,034 4,137 2,809 166.8 48 Dec 13, 2023 J-GAAP
Oct, 2024 115,208 4,844 4,950 3,170 188.2 50 Dec 13, 2024 J-GAAP
YoY +5.1% +20.1% +19.7% +12.9% +12.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Guidance 115,000 5,000 5,100 3,250 192.9 50 Jun 11, 2024 J-GAAP
Oct, 2024 Results 115,208 4,844 4,950 3,170 188.2 50 Dec 13, 2024 J-GAAP
Revision Rate +0.2% -3.1% -2.9% -2.5% -2.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 59,692 3,092 3,178 1,949 115.7 25 Jun 11, 2024 J-GAAP
Nov - Apr, 2024 Guidance 59,500 2,900 2,950 1,950 115.7 30 Dec 13, 2024 J-GAAP
YoY -0.3% -6.2% -7.2% +0.1% 0.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 109,594 4,034 4,137 2,809 166.8 48 Dec 13, 2023 J-GAAP
Oct, 2024 115,208 4,844 4,950 3,170 188.2 50 Dec 13, 2024 J-GAAP
Oct, 2025 Guidance 115,000 4,400 4,500 3,000 181.0 60 Dec 13, 2024 J-GAAP
YoY -0.2% -9.2% -9.1% -5.4% -3.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 27,370 839 854 615 36.5 3.1 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 29,522 1,194 1,211 576 34.2 4.0 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 30,170 1,898 1,967 1,373 81.5 6.3 Jun 11, 2024 J-GAAP
May - Jul, 2024 28,234 1,122 1,192 797 47.3 4.0 Sep 11, 2024 J-GAAP
Aug - Oct, 2024 27,282 630 580 424 25.2 2.3 Dec 13, 2024 J-GAAP
YoY -0.3% -24.9% -32.1% -31.1% -31.1%

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