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House Foods, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%

Tue Feb 4, 2025 3:00 pm JST Earnings

2810 House Foods Group Inc. 【J-GAAP】

Earnings Report

House Foods Group Inc. <2810> [TSE Prime] announced its financial results in the afternoon session on February 4th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 4.5% from the same period last year, reaching 18.3 billion yen. The progress rate toward the full-year plan of 22 billion yen was 83.6%, it was below the five-year average of 85.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 3.4% from the same period last year, reaching 3.6 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 8.74 billion yen, a 1.0% decrease compared to the same period last year. The operating profit margin decreased from 10.4% in the same period last year to 10.0%.

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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 205,819 14,324 15,542 11,606 118.4 84.9 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 225,697 16,669 17,599 16,362 167.7 83.5 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 239,357 17,699 18,395 12,172 128.1 83.6 Feb 4, 2025 J-GAAP
YoY +6.1% +6.2% +4.5% -25.6% -23.6%

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 156,776 11,403 12,315 6,755 69.4 24 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 165,036 11,743 12,362 7,790 82.9 24 Nov 6, 2024 J-GAAP
YoY +5.3% +3.0% +0.4% +15.3% +19.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 275,060 16,686 18,300 13,672 139.6 46 May 10, 2023 J-GAAP
Mar, 2024 299,600 19,470 21,085 17,580 180.5 47 May 9, 2024 J-GAAP
Mar, 2025 Guidance 320,000 21,000 22,000 13,300 141.5 48 May 9, 2024 J-GAAP
YoY +6.8% +7.9% +4.3% -24.3% -21.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 82,873 8,602 8,829 5,537 56.8 10.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 73,903 2,801 3,486 1,218 12.5 3.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 74,733 5,572 5,724 3,556 36.7 7.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 80,231 3,685 3,914 1,954 20.5 4.6 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 84,393 8,442 8,757 6,662 70.1 10.0 Feb 4, 2025 J-GAAP
YoY +1.8% -1.9% -0.8% +20.3% +23.6%

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