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SATO FOODS, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase, Raises Record High Profit, Dividend Revised Upward by 10 yen

Tue Apr 8, 2025 4:00 pm JST Revision

2923 SATO FOODS CO., LTD. 【J-GAAP】

Guidance Update Report

SATO FOODS CO., LTD. <2923> [TSE Std] announced a revision to its performance and dividend after the market closed on April 8th (16:00). The consolidated ordinary profit for the fiscal year ending April 2025 has been revised upward 24.9%, from the previous forecast of 2.45 billion yen to 3.06 billion yen (compared to 3 billion yen in the previous period), record profits reach two consecutive terms, turning to a 1.7% increase in the consolidated ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the November to April period (2H) consolidated ordinary profit is expected to increase 44.3%, from the previous forecast of 1.37 billion yen to 1.98 billion yen (compared to 1.84 billion yen in the same period of the previous year), turning to a 7.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 60 yen to 70 yen (compared to 60 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Prev 26,353 1,238 1,377 979 194.1 60 Dec 10, 2024 J-GAAP
Nov - Apr, 2024 New 27,553 1,908 1,987 1,389 275.4 70 Apr 8, 2025 J-GAAP
Revision Rate +4.6% +54.1% +44.3% +41.9% +41.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Prev 45,000 2,100 2,450 1,710 339.0 60 Sep 10, 2024 J-GAAP
Apr, 2025 New 46,200 2,770 3,060 2,120 420.3 70 Apr 8, 2025 J-GAAP
Revision Rate +2.7% +31.9% +24.9% +24.0% +24.0%

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 27,553 1,908 1,987 1,389 275.4 70 Apr 8, 2025 J-GAAP
YoY +5.9% +14.3% +7.8% -4.9% -5.0%

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 46,200 2,770 3,060 2,120 420.3 70 Apr 8, 2025 J-GAAP
YoY +8.5% +4.3% +1.7% -7.6% -7.7%

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