MEGMILK SNOW BRAND, Oct-Dec (3Q) Ordinary Profit Decreases by 11%

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Thu Feb 13, 2025 11:00 am JST Earnings

2270 MEGMILK SNOW BRAND Co.,Ltd. 【J-GAAP】

Earnings Report

MEGMILK SNOW BRAND Co.,Ltd. <2270> [TSE Prime] announced its financial results in the morning on February 13th (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 17.6 billion yen, a 0.6% decrease compared to the same period last year. The progress rate toward the full-year plan of 20.3 billion yen was 87.0%, also surpassing the five-year average of 84.9%.

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 for the January to March period (4Q) is expected to grow 24.5% from the same period last year, reaching 2.63 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 4.91 billion yen, a 11.2% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 2.8%.

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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	440,302	11,095	11,011	5,908	87.5	76.0	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	460,478	16,300	17,774	11,398	168.8	89.4	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	469,748	16,303	17,668	12,480	184.8	87.0	Feb 13, 2025	J-GAAP
YoY	+2.0%	+0.0%	-0.6%	+9.5%	+9.5%

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	299,755	7,218	7,648	11,732	173.7	80	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	318,347	7,181	7,546	4,466	66.2	100	Nov 14, 2024	J-GAAP
YoY	+6.2%	-0.5%	-1.3%	-61.9%	-61.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	584,308	13,054	14,480	9,129	135.2	60	May 15, 2023	J-GAAP
Mar, 2024	605,424	18,460	19,888	19,430	287.7	80	May 14, 2024	J-GAAP
Mar, 2025 Guidance	630,000	19,000	20,300	13,600	201.6	100	May 14, 2024	J-GAAP
YoY	+4.1%	+2.9%	+2.1%	-30.0%	-29.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	154,809	5,058	5,534	3,700	54.8	3.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	144,946	2,160	2,114	8,032	118.9	1.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	152,438	5,768	6,359	5,272	78.1	3.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	159,215	6,051	6,395	3,862	57.2	3.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	158,095	4,484	4,914	3,346	49.6	2.8	Feb 13, 2025	J-GAAP
YoY	+2.1%	-11.3%	-11.2%	-9.6%	-9.5%