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SHINOBU FOODS PRODUCTS, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 5%

Fri Feb 7, 2025 2:00 pm JST Earnings

2903 SHINOBU FOODS PRODUCTS CO.,LTD. 【J-GAAP】

Earnings Report

SHINOBU FOODS PRODUCTS CO.,LTD. <2903> [TSE Std] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.4% from the same period last year to 1.94 billion yen. The progress rate toward the full-year plan of 2.5 billion yen was 77.8%, below the five-year average of 84.0%.

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 expand 57.8% from the same period last year, reaching 0.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.69 billion yen, a 0.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.9% in the same period last year to 4.6%.

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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 38,595 1,455 1,483 1,081 87.4 77.9 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 41,548 2,016 2,058 1,463 118.7 85.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 43,435 1,910 1,946 1,447 118.3 77.8 Feb 7, 2025 J-GAAP
YoY +4.5% -5.3% -5.4% -1.1% -0.3%

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 27,457 1,042 1,053 190 15.4 14.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,431 1,259 1,251 763 64.4 12.50 Nov 8, 2024 J-GAAP
YoY -0.1% +20.8% +18.8% +301.6% +317.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,047 1,876 1,904 103 8.3 21 May 11, 2023 J-GAAP
Mar, 2024 54,825 2,369 2,409 1,167 94.7 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 56,000 2,480 2,500 1,700 143.5 25 May 10, 2024 J-GAAP
YoY +2.1% +4.7% +3.8% +45.7% +51.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 14,180 689 702 486 39.4 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 13,277 353 351 -296 -24.0 2.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,941 616 649 464 37.7 4.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 14,628 605 600 473 38.5 4.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 14,866 689 697 510 41.7 4.6 Feb 7, 2025 J-GAAP
YoY +4.8% 0.0% -0.7% +4.9% +5.8%

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