IWATSUKA CONFECTIONERY, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 40%, Exceeds Full-Year Plan

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Wed Feb 12, 2025 3:30 pm JST Earnings

2221 IWATSUKA CONFECTIONERY CO.,LTD. 【J-GAAP】

Earnings Report

IWATSUKA CONFECTIONERY CO.,LTD. <2221> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.81 billion yen, an increase 39.5% compared to the same period last year. The progress rate toward the full-year plan of 3.5 billion yen is 109.0%, already exceeding the target and also exceeding the five-year average of 90.1%.

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 0.31 billion yen (compared to a profit of 0.07 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.45 billion yen, a 18.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.6% in the same period last year to 5.4%.

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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	15,087	-229	4,420	3,193	284.9	81.0	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	16,497	620	2,734	1,928	172.0	97.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	18,719	675	3,815	2,678	257.5	109.0	Feb 12, 2025	J-GAAP
YoY	+13.5%	+8.9%	+39.5%	+38.9%	+49.7%

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	11,791	521	630	458	41.0	23	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,386	360	141	31	3.0	25	Nov 11, 2024	J-GAAP
YoY	+5.0%	-30.9%	-77.6%	-93.2%	-92.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,386	-213	5,454	3,970	354.3	18.50	May 12, 2023	J-GAAP
Mar, 2024	22,000	603	2,808	1,957	175.4	23	May 14, 2024	J-GAAP
Mar, 2025 Guidance	24,000	650	3,500	2,400	230.7	25	Aug 9, 2024	J-GAAP
YoY	+9.1%	+7.8%	+24.6%	+22.6%	+31.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,288	538	556	429	38.3	8.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	5,503	-17	74	29	2.6	-0.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,965	280	427	322	31.0	4.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,649	10	2,932	2,047	196.8	0.2	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	7,105	385	456	309	29.7	5.4	Feb 12, 2025	J-GAAP
YoY	+13.0%	-28.4%	-18.0%	-28.0%	-22.4%