MARUDAI FOOD, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 53%, Exceeds Full-Year Plan, Current Fiscal Year Dividend Revised Upward by 20 yen

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Thu Feb 6, 2025 3:30 pm JST Earnings

2288 MARUDAI FOOD CO.,LTD. 【J-GAAP】

Earnings Report

MARUDAI FOOD CO.,LTD. <2288> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.4 billion yen, an increase 53.1% compared to the same period last year. The progress rate toward the full-year plan of 4.9 billion yen is 110.2%, already exceeding the target and also exceeding the same period of the previous year of 96.9%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.5 billion yen (compared to a profit of 0.11 billion yen in the same period last year).

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 30 yen to 50 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 26.2% from the same period last year, reaching 2.25 billion yen. The operating profit margin improved from 2.8% in the same period last year to 3.5%.

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	171,284	-78	214	231	9.2	ー	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	175,908	3,218	3,526	2,435	97.6	96.9	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	181,825	5,076	5,400	5,750	231.9	110.2	Feb 6, 2025	J-GAAP
YoY	+3.4%	+57.7%	+53.1%	+136.1%	+137.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	117,418	1,618	1,757	428	17.5	30	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	117,418	1,618	1,757	428	17.5	50	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	236,000	4,500	4,900	4,700	192.0	30	Nov 8, 2024	J-GAAP
Mar, 2025 New	236,000	4,500	4,900	4,700	192.0	50	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	114,690	1,635	1,901	-10,397	-417.2	20	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	117,418	1,618	1,757	428	17.5	50	Feb 6, 2025	J-GAAP
YoY	+2.4%	-1.0%	-7.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	221,979	-1,400	-897	-4,987	-198.8	20	May 12, 2023	J-GAAP
Mar, 2024	228,808	3,117	3,639	-9,414	-377.7	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	236,000	4,500	4,900	4,700	192.0	50	Feb 6, 2025	J-GAAP
YoY	+3.1%	+44.4%	+34.7%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	61,790	1,736	1,788	1,452	58.2	2.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	52,900	-101	113	-11,849	-475.4	-0.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	58,330	1,667	1,725	3,204	128.9	2.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	60,252	1,215	1,418	1,068	43.0	2.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	63,243	2,194	2,257	1,478	59.6	3.5	Feb 6, 2025	J-GAAP
YoY	+2.4%	+26.4%	+26.2%	+1.8%	+2.4%