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ITOCHU-SHOKUHIN, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 25%, Exceeds Full-Year Plan

Fri Jan 31, 2025 1:00 pm JST Earnings

2692 ITOCHU-SHOKUHIN Co., Ltd. 【J-GAAP】

Earnings Report

ITOCHU-SHOKUHIN Co., Ltd. <2692> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.8% from the same period last year, reaching 11.8 billion yen. The progress rate toward the full-year plan of 10 billion yen is 118.8%, already exceeding the target and also exceeding the five-year average of 93.5%.

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 1.87 billion yen (compared to a loss of 0.29 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.5% from the same period last year, reaching 4.84 billion yen. The operating profit margin remained almost flat, changing from 2.1% in the same period last year to 2.2%.

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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 501,790 7,310 8,473 5,917 466.4 94.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 523,562 8,200 9,516 6,690 527.3 103.2 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 543,229 9,194 11,876 8,507 670.5 118.8 Jan 31, 2025 J-GAAP
YoY +3.8% +12.1% +24.8% +27.2% +27.2%

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 333,570 3,345 4,172 3,065 241.6 60 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 347,615 4,031 2,972 1,843 145.3 60 Oct 31, 2024 J-GAAP
YoY +4.2% +20.5% -28.8% -39.9% -39.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 642,953 7,507 8,943 4,843 381.7 80 May 1, 2023 J-GAAP
Mar, 2024 672,451 7,660 9,220 6,598 520.1 110 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 700,000 9,000 10,000 7,000 551.8 120 Apr 30, 2024 J-GAAP
YoY +4.1% +17.5% +8.5% +6.1% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 184,681 3,885 4,468 3,157 248.8 2.1 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 148,889 -540 -296 -92 -7.3 -0.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 169,578 2,498 3,143 2,123 167.3 1.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 182,807 2,471 3,885 3,034 239.2 1.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 190,844 4,225 4,848 3,350 264.1 2.2 Jan 31, 2025 J-GAAP
YoY +3.3% +8.8% +8.5% +6.1% +6.1%

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