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Foodison, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 16% Decrease

Thu Feb 13, 2025 3:30 pm JST Earnings

7114 Foodison,Inc. 【J-GAAP】

Earnings Report

Foodison,Inc. <7114> [TSE Growth] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.3% from the same period last year, reaching 156 million yen.

However, the full-year consolidated ordinary profit has decreased 48.4%, from the previous forecast of 320 million yen to 165 million yen (compared to 196 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 15.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 66.0%, from the previous forecast of 235 million yen to 80 million yen (compared to 145 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 44.8% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 71 million yen, a 29.0% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 3.7%.

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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 3,894 122 121 74 19.9 87.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 4,743 150 151 138 31.2 77.0 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 5,123 157 156 136 30.3 94.5 Feb 13, 2025 J-GAAP
YoY +8.0% +4.7% +3.3% -1.4% -3.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 4,239 239 235 195 43.1 0 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 3,639 80 80 75 16.6 0 Feb 13, 2025 J-GAAP
Revision Rate -14.2% -66.5% -66.0% -61.5% -61.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 7,450 325 320 270 59.7 0 May 13, 2024 J-GAAP
Mar, 2025 New 6,850 166 165 150 33.2 0 Feb 13, 2025 J-GAAP
Revision Rate -8.1% -48.9% -48.4% -44.4% -44.4%

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 3,374 144 145 134 30.2 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,639 80 80 75 16.6 0 Feb 13, 2025 J-GAAP
YoY +7.9% -44.4% -44.8% -44.0% -45.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,279 136 139 100 26.0 0 May 15, 2023 J-GAAP
Mar, 2024 6,351 196 196 191 43.1 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 6,850 166 165 150 33.2 0 Feb 13, 2025 J-GAAP
YoY +7.9% -15.3% -15.8% -21.5% -23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,766 98 100 81 18.3 5.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,608 46 45 53 12.0 2.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,629 68 68 62 13.8 4.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,582 18 17 13 2.9 1.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,912 71 71 61 13.6 3.7 Feb 13, 2025 J-GAAP
YoY +8.3% -27.6% -29.0% -24.7% -25.9%

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