HAGOROMO FOODS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 42%, Exceeds Full-Year Plan

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Wed Feb 12, 2025 3:30 pm JST Earnings

2831 HAGOROMO FOODS CORPORATION 【J-GAAP】

Earnings Report

HAGOROMO FOODS CORPORATION <2831> [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 3.76 billion yen, an increase 41.8% compared to the same period last year. The progress rate toward the full-year plan of 2.8 billion yen is 134.4%, already exceeding the target and also exceeding the five-year average of 101.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.96 billion yen (compared to a loss of 0.38 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 27.4% from the same period last year, reaching 1.3 billion yen. The operating profit margin improved from 4.2% in the same period last year to 5.0%.

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	54,507	-374	-109	-121	-12.9	ー	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	56,964	2,203	2,653	2,033	216.1	116.9	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	58,281	3,176	3,762	2,760	293.4	134.4	Feb 12, 2025	J-GAAP
YoY	+2.3%	+44.2%	+41.8%	+35.8%	+35.8%

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	36,018	440	643	451	48.0	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,085	107	346	208	22.1	30	Nov 13, 2024	J-GAAP
YoY	+0.2%	-75.7%	-46.2%	-53.9%	-53.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	70,452	-1,133	-791	-1,320	-140.3	50	May 12, 2023	J-GAAP
Mar, 2024	73,501	1,834	2,269	1,749	186.0	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	74,800	2,300	2,800	2,000	212.5	60	Nov 13, 2024	J-GAAP
YoY	+1.8%	+25.4%	+23.4%	+14.4%	+14.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	19,481	809	1,027	735	78.1	4.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	16,537	-369	-384	-284	-30.2	-2.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,245	1,094	1,300	903	96.0	5.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	19,470	1,099	1,154	889	94.5	5.6	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	19,566	983	1,308	968	102.9	5.0	Feb 12, 2025	J-GAAP
YoY	+0.4%	+21.5%	+27.4%	+31.7%	+31.7%