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FIRST BAKING, 5% Increase in Ordinary Profit for The Current Fiscal Year

Fri Feb 14, 2025 4:00 pm JST Earnings

2215 FIRST BAKING CO.,LTD. 【J-GAAP】

Earnings Report

FIRST BAKING CO.,LTD. <2215> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 3.1% from the previous period to 598 million yen. In the fiscal year ending December 2025, the profit is expected to grow by 5.4% to 630 million yen. This will be the fourth consecutive term of revenue growth.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit significantly dropped to 50 million yen, a 84.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.7% in the same period last year to 0.8%.

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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 24,552 -547 -554 -1,145 -165.5 0 Feb 17, 2023 J-GAAP
Dec, 2023 26,442 597 617 474 68.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 27,183 604 598 2,055 296.8 0 Feb 14, 2025 J-GAAP
YoY +2.8% +1.2% -3.1% +333.5% +333.3%

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 27,790 570 540 1,600 231.1 0 May 29, 2024 J-GAAP
Dec, 2024 Results 27,183 604 598 2,055 296.8 0 Feb 14, 2025 J-GAAP
Revision Rate -2.2% +6.0% +10.7% +28.4% +28.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 13,566 474 464 1,866 269.6 0 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 14, 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 26,442 597 617 474 68.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 27,183 604 598 2,055 296.8 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 29,100 660 630 450 65.0 0 Feb 14, 2025 J-GAAP
YoY +7.1% +9.3% +5.4% -78.1% -78.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,962 330 332 223 32.2 4.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 6,665 304 304 276 39.9 4.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 6,901 170 160 1,590 229.7 2.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,710 76 84 22 3.2 1.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 6,907 54 50 167 24.1 0.8 Feb 14, 2025 J-GAAP
YoY -0.8% -83.6% -84.9% -25.1% -25.2%

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