SATO FOODS, May-Jan (Cumulative 3Q) Ordinary Profit Decreases by 21%, Exceeds Full-Year Plan

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Fri Mar 7, 2025 3:30 pm JST Earnings

2923 SATO FOODS CO., LTD. 【J-GAAP】

Earnings Report

SATO FOODS CO., LTD. <2923> [TSE Std] announced its financial results after the market closed on March 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) decreased 20.5% from the same period last year to 2.8 billion yen. However, the progress rate toward the full-year plan of 2.45 billion yen is 114.4%, already exceeding the target and also exceeding the five-year average of 108.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the February to April period (4Q) is expected to further decrease loss of 0.35 billion yen (compared to a loss of 0.51 billion yen in the same period last year).

In the most recent three-month period, from November to January (3Q), the consolidated ordinary profit decreased to 1.73 billion yen, a 26.7% decrease compared to the same period last year. The operating profit margin decreased from 13.0% in the same period last year to 9.3%.

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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
May - Jan, 2022	31,958	2,253	2,541	1,757	348.5	97.8	Mar 9, 2023	J-GAAP
May - Jan, 2023	33,840	3,232	3,527	2,444	484.7	117.2	Mar 14, 2024	J-GAAP
May - Jan, 2024	36,297	2,498	2,803	1,901	377.1	114.4	Mar 7, 2025	J-GAAP
YoY	+7.3%	-22.7%	-20.5%	-22.2%	-22.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2023	26,007	1,670	1,843	1,461	289.8	60	Jun 13, 2024	J-GAAP
Nov - Apr, 2024 Guidance	26,353	1,238	1,377	979	194.1	60	Dec 10, 2024	J-GAAP
YoY	+1.3%	-25.9%	-25.3%	-33.0%	-33.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	39,666	2,250	2,599	1,841	365.1	55	Jun 13, 2023	J-GAAP
Apr, 2024	42,581	2,656	3,009	2,295	455.2	60	Jun 13, 2024	J-GAAP
Apr, 2025 Guidance	45,000	2,100	2,450	1,710	339.0	60	Sep 10, 2024	J-GAAP
YoY	+5.7%	-20.9%	-18.6%	-25.5%	-25.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	17,266	2,246	2,361	1,610	319.3	13.0	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	8,741	-576	-518	-149	-29.6	-6.6	Jun 13, 2024	J-GAAP
May - Jul, 2024	7,548	141	249	170	33.9	1.9	Sep 10, 2024	J-GAAP
Aug - Oct, 2024	11,099	721	824	561	111.4	6.5	Dec 10, 2024	J-GAAP
Nov - Jan, 2024	17,650	1,636	1,730	1,170	232.1	9.3	Mar 7, 2025	J-GAAP
YoY	+2.2%	-27.2%	-26.7%	-27.3%	-27.3%