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

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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	11,731	12,350	7,790	82.9	24	Nov 6, 2024	J-GAAP
YoY	+5.3%	+2.9%	+0.3%	+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	5,578	5,730	3,556	36.7	7.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	80,231	3,691	3,920	1,954	20.5	4.6	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	84,393	8,430	8,745	6,662	70.1	10.0	Feb 4, 2025	J-GAAP
YoY	+1.8%	-2.0%	-1.0%	+20.3%	+23.6%