STI Foods Holdings, 3% Increase in Ordinary Profit, Update Record High for Third Consecutive Term

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Thu Feb 13, 2025 3:30 pm JST Earnings

2932 STI Foods Holdings,Inc. 【J-GAAP】

Earnings Report

STI Foods Holdings,Inc. <2932> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 25.2% from the previous period to 2.91 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 2.8% to 3 billion yen, marking the third consecutive term of record-high profits. This will be the seventh consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company intends to pay an annual dividend of 40 yen for the current fiscal year, with the actual dividend unchanged from the previous year's dividend after taking the forward stock split into account.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.53 billion yen, a 4.9% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 5.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	27,567	1,488	1,528	1,006	58.1	18.33	Feb 14, 2023	J-GAAP
Dec, 2023	31,784	2,306	2,330	1,562	87.9	30	Feb 9, 2024	J-GAAP
Dec, 2024	35,580	2,901	2,917	1,685	94.8	40	Feb 13, 2025	J-GAAP
YoY	+11.9%	+25.8%	+25.2%	+7.9%	+7.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	35,000	3,000	3,000	1,950	109.7	40	Nov 14, 2024	J-GAAP
Dec, 2024 Results	35,580	2,901	2,917	1,685	94.8	40	Feb 13, 2025	J-GAAP
Revision Rate	+1.7%	-3.3%	-2.8%	-13.6%	-13.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	16,694	1,491	1,495	1,010	56.9	13.33	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	20	Feb 13, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	31,784	2,306	2,330	1,562	87.9	30	Feb 9, 2024	J-GAAP
Dec, 2024	35,580	2,901	2,917	1,685	94.8	40	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	40,000	3,000	3,000	1,950	109.7	40	Feb 13, 2025	J-GAAP
YoY	+12.4%	+3.4%	+2.8%	+15.7%	+15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,326	589	567	366	20.6	7.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	8,037	731	714	489	27.5	9.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	8,657	760	781	521	29.3	8.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	9,652	869	883	576	32.4	9.0	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	9,234	541	539	99	5.6	5.9	Feb 13, 2025	J-GAAP
YoY	+10.9%	-8.1%	-4.9%	-73.0%	-73.0%