kabutan

Okamura Foods, First Half Ordinary Profit Increases by 23%, Oct-Dec Ordinary Profit Increases by 14 times

Fri Feb 14, 2025 2:00 pm JST Earnings

2938 Okamura Foods Co.,Ltd 【J-GAAP】

Earnings Report

Okamura Foods Co.,Ltd <2938> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) increased 23.3% from the same period last year, reaching 1.63 billion yen. The progress rate toward the full-year plan of 2.94 billion yen was 55.4%, also surpassing the progress rate of 45.2% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to decrease 18.2% from the same period last year to 1.31 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit surged 14 times that of the same period last year, reaching 0.47 billion yen. The operating profit margin significantly improved from 1.1% in the same period last year to 5.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2023 15,366 1,254 1,325 895 19.8 45.2 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 17,084 1,692 1,634 1,114 22.9 55.4 Feb 14, 2025 J-GAAP
YoY +11.2% +34.9% +23.3% +24.5% +15.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － 3.17 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 Results 17,084 1,692 1,634 1,114 22.9 3.17 Feb 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 17,299 1,294 1,607 1,073 22.9 2.84 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 19,035 1,520 1,315 979 19.9 3.16 Feb 14, 2025 J-GAAP
YoY +10.0% +17.5% -18.2% -8.8% -13.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 32,665 2,548 2,932 1,968 42.0 5.67 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 36,119 3,212 2,949 2,093 42.6 6.33 Nov 14, 2024 J-GAAP
YoY +10.6% +26.1% +0.6% +6.4% +1.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,517 91 34 -23 -0.5 1.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 7,482 576 716 479 10.4 7.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,817 718 891 594 12.7 7.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,191 1,215 1,155 927 19.1 14.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 8,893 477 479 187 3.9 5.4 Feb 14, 2025 J-GAAP
YoY +4.4% +424.2% +1,308.8% － －

Related Articles