Synchro Food, Oct-Dec (3Q) Ordinary Profit Decreases by 17%

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Fri Feb 14, 2025 3:30 pm JST Earnings

3963 Synchro Food Co.,Ltd. 【J-GAAP】

Earnings Report

Synchro Food Co.,Ltd. <3963> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.9% from the same period last year, reaching 0.82 billion yen. However, the progress rate toward the full-year plan of 1.26 billion yen was 65.7%, also falling below the five-year average of 70.8%.

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 expand 56.5% from the same period last year, reaching 0.43 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.24 billion yen, a 16.6% decrease compared to the same period last year. The operating profit margin decreased from 31.8% in the same period last year to 26.7%.

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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	2,105	648	650	438	16.4	74.0	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	2,654	761	760	518	19.4	73.4	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	2,922	840	828	555	20.6	65.7	Feb 14, 2025	J-GAAP
YoY	+10.1%	+10.4%	+8.9%	+7.1%	+6.1%

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	1,861	567	566	383	14.4	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,233	675	674	488	16.9	15	Jan 8, 2025	J-GAAP
YoY	+20.0%	+19.0%	+19.1%	+27.4%	+17.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,930	876	878	628	23.6	0	May 12, 2023	J-GAAP
Mar, 2024	3,602	1,038	1,036	704	26.4	10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,200	1,260	1,260	882	30.6	15	Jan 8, 2025	J-GAAP
YoY	+16.6%	+21.4%	+21.6%	+25.3%	+15.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	913	290	290	197	7.4	31.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	948	277	276	186	7.0	29.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,010	300	301	201	7.5	29.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	957	285	285	193	7.2	29.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	955	255	242	161	6.0	26.7	Feb 14, 2025	J-GAAP
YoY	+4.6%	-12.1%	-16.6%	-18.3%	-19.1%