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KENKO Mayonnaise, Oct-Dec (3Q) Ordinary Profit Decreases by 10%

Fri Feb 14, 2025 4:30 pm JST Earnings

2915 KENKO Mayonnaise Co., Ltd. 【J-GAAP】

Earnings Report

KENKO Mayonnaise Co., Ltd. <2915> [TSE Prime] announced its financial results after the market closed on February 14th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 4.69 billion yen, an increase 93.7% compared to the same period last year. The progress rate toward the full-year plan of 4.65 billion yen is 101.0%, but it was lower than the five-year average of 119.4%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.04 billion yen (compared to a profit of 0.67 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.42 billion yen, a 9.7% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.8%.

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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 62,597 436 465 284 17.5 275.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 67,103 2,326 2,426 1,651 102.4 78.3 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 70,537 4,590 4,698 3,244 203.0 101.0 Feb 14, 2025 J-GAAP
YoY +5.1% +97.3% +93.7% +96.5% +98.2%

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 44,961 2,167 2,252 2,193 136.2 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,545 1,306 1,378 939 62.9 19 Nov 11, 2024 J-GAAP
YoY +1.3% -39.7% -38.8% -57.2% -53.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,363 105 169 485 29.9 17 May 15, 2023 J-GAAP
Mar, 2024 88,724 2,949 3,099 2,735 169.9 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 92,000 4,500 4,650 3,185 213.4 38 Aug 5, 2024 J-GAAP
YoY +3.7% +52.6% +50.0% +16.5% +25.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 23,340 1,544 1,579 1,109 68.8 6.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 21,621 623 673 1,084 67.3 2.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 23,002 1,735 1,795 1,227 76.9 7.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 23,453 1,459 1,477 1,019 63.8 6.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 24,082 1,396 1,426 998 62.5 5.8 Feb 14, 2025 J-GAAP
YoY +3.2% -9.6% -9.7% -10.0% -9.2%

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