Yoshimura Food, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 19% Increase, Raises Record High Profit

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Tue Jan 14, 2025 4:00 pm JST Earnings

2884 Yoshimura Food Holdings K.K. 【J-GAAP】

Earnings Report

Yoshimura Food Holdings K.K. <2884> [TSE Prime] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 3.06 billion yen, an increase 60.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 32.6%, from the previous forecast of 2.67 billion yen to 3.54 billion yen (compared to 2.97 billion yen in the previous period), record profits reach six consecutive terms, turning to a 19.0% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) has been revised upward 2.3 times, from the previous forecast of 0.66 billion yen to 1.53 billion yen (compared to 1.64 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 59.8% to 6.7%.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 97.0% from the same period last year, reaching 1.05 billion yen. The operating profit margin improved from 4.0% in the same period last year to 6.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2022	25,526	593	1,253	638	26.8	94.7	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	34,645	1,359	1,904	590	24.9	63.7	Jan 15, 2024	J-GAAP
Mar - Nov, 2024	43,351	2,999	3,060	1,246	52.4	86.4	Jan 14, 2025	J-GAAP
YoY	+25.1%	+120.7%	+60.7%	+111.2%	+110.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	29,477	741	661	670	28.1	0	Dec 9, 2024	J-GAAP
Sep - Feb, 2024 New	29,477	1,097	1,533	786	33.0	0	Jan 14, 2025	J-GAAP
Revision Rate	0.0%	+48.0%	+131.9%	+17.3%	+17.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	58,215	2,744	2,671	1,504	63.1	0	Dec 9, 2024	J-GAAP
Feb, 2025 New	58,215	3,100	3,543	1,620	68.0	0	Jan 14, 2025	J-GAAP
Revision Rate	0.0%	+13.0%	+32.6%	+7.7%	+7.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	26,697	1,464	1,618	204	8.6	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	29,477	1,097	1,533	786	33.0	0	Jan 14, 2025	J-GAAP
YoY	+10.4%	-25.1%	-5.3%	+285.3%	+282.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	34,937	678	1,323	613	25.8	0	Apr 14, 2023	J-GAAP
Feb, 2024	49,781	2,366	2,989	1,036	43.8	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	58,215	3,100	3,543	1,620	68.0	0	Jan 14, 2025	J-GAAP
YoY	+16.9%	+31.0%	+18.5%	+56.4%	+55.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	11,561	457	533	-242	-10.2	4.0	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	15,136	1,007	1,085	446	18.8	6.7	Apr 15, 2024	J-GAAP
Mar - May, 2024	14,614	1,197	1,335	619	26.1	8.2	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	14,124	806	675	215	9.1	5.7	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	14,613	996	1,050	412	17.3	6.8	Jan 14, 2025	J-GAAP
YoY	+26.4%	+117.9%	+97.0%	－	－