Ishii Food, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 52%, Exceeds Full-Year Plan

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Fri Jan 31, 2025 11:00 am JST Earnings

2894 Ishii Food Co.,Ltd. 【J-GAAP】

Earnings Report

Ishii Food Co.,Ltd. <2894> [TSE Std] announced its financial results in the morning on January 31st (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 52.2% from the same period last year to 256 million yen. The progress rate toward the full-year plan of 130 million yen is 196.9%, already exceeding the target and also exceeding the five-year average of 94.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 126 million yen (compared to a loss of 79 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 158 million yen, a 11.7% decrease compared to the same period last year. The operating profit margin worsened from 6.0% in the same period last year to 5.1%.

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
Apr - Dec, 2022	7,161	84	105	87	5.2	41.0	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	7,931	506	536	306	18.2	117.3	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	8,298	235	256	135	8.1	196.9	Jan 31, 2025	J-GAAP
YoY	+4.6%	-53.6%	-52.2%	-55.9%	-55.2%

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	5,340	75	100	281	16.8	4	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,497	12	32	46	2.8	4	Nov 7, 2024	J-GAAP
YoY	+2.9%	-84.0%	-68.0%	-83.6%	-83.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,549	219	256	308	18.3	3	May 12, 2023	J-GAAP
Mar, 2024	10,492	413	457	471	28.1	4	May 14, 2024	J-GAAP
Mar, 2025 Guidance	10,900	100	130	80	4.8	4	Nov 7, 2024	J-GAAP
YoY	+3.9%	-75.8%	-71.6%	-83.0%	-82.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,779	168	179	116	6.9	6.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,561	-93	-79	165	9.8	-3.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,718	68	74	15	0.9	2.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,685	20	24	19	1.2	0.7	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	2,895	147	158	101	6.1	5.1	Jan 31, 2025	J-GAAP
YoY	+4.2%	-12.5%	-11.7%	-12.9%	-11.6%