KAGOME, 44% Decrease in Net Income for The Current Fiscal Year

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Mon Feb 3, 2025 3:40 pm JST Earnings

2811 KAGOME CO.,LTD. 【IFRS】

Earnings Report

KAGOME CO.,LTD. <2811> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (15:40). The consolidated net income for the fiscal year ending December 2024 expanded 2.4 times that of the previous period to 25 billion yen. However, for the fiscal year ending December 2025, the profit is expected to drop by 44.0% from the previous period to 14 billion yen.

At the same time, the company increased the annual dividend for the previous term from 52 yen to 57 yen (compared to 41 yen in the prior term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 48 yen.

In the most recent three-month period, from October to December (4Q), the consolidated net income surged 2.1 times that of the same period last year, reaching 1.9 billion yen. The operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.4%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	205,618	12,757	12,557	9,116	105.1	38	Feb 2, 2023	IFRS
Dec, 2023	224,730	17,472	16,489	10,432	121.2	41	Feb 1, 2024	IFRS
Dec, 2024	306,869	36,221	33,665	25,015	278.5	57	Feb 3, 2025	IFRS
YoY	+36.6%	+107.3%	+104.2%	+139.8%	+129.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	300,000	36,000	ー	24,000	256.4	52	Nov 26, 2024	IFRS
Dec, 2024 Results	306,869	36,221	33,665	25,015	278.5	57	Feb 3, 2025	IFRS
Revision Rate	+2.3%	+0.6%	－	+4.2%	+8.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	148,242	25,295	23,742	17,777	206.4	－	Jul 31, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	－	Feb 3, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	224,730	17,472	16,489	10,432	121.2	41	Feb 1, 2024	IFRS
Dec, 2024	306,869	36,221	33,665	25,015	278.5	57	Feb 3, 2025	IFRS
Dec, 2025 Guidance	300,000	24,000	ー	14,000	151.2	48	Feb 3, 2025	IFRS
YoY	-2.2%	-33.7%	－	-44.0%	-45.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	59,863	1,896	1,436	906	10.5	3.2	Feb 1, 2024	IFRS
Jan - Mar, 2024	67,378	14,850	14,379	11,492	133.5	22.0	Apr 26, 2024	IFRS
Apr - Jun, 2024	80,864	10,445	9,363	6,285	73.0	12.9	Jul 31, 2024	IFRS
Jul - Sep, 2024	78,138	8,175	7,933	5,338	60.3	10.5	Oct 30, 2024	IFRS
Oct - Dec, 2024	80,489	2,751	1,990	1,900	21.2	3.4	Feb 3, 2025	IFRS
YoY	+34.5%	+45.1%	+38.6%	+109.7%	+101.0%