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TOKYO ICHIBAN FOODS, First Half Ordinary Profit Revised Downward to an Unexpected 10%Decrease

Wed May 14, 2025 3:40 pm JST Earnings

3067 TOKYO ICHIBAN FOODS CO.,LTD. 【J-GAAP】

Earnings Report

TOKYO ICHIBAN FOODS CO .,LTD <3067> [TSE Std] announced its financial results after the market closed on May 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) decreased 10.4% from the same period last year to 336 million yen, resulting in a decrease in profits compared to the previous forecast of a 5.3% increase.

The progress rate toward the full-year plan of 341 million yen was 98.5%, below the five-year average of 141.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the April to September period (2H) is expected to turn into a profit of 5 million yen (compared to a loss of 129 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit decreased to 140 million yen, a 12.5% decrease compared to the same period last year. However, the operating profit margin improved from 7.4% in the same period last year to 7.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 4,039 249 264 210 23.7 145.9 May 11, 2023 J-GAAP
Oct - Mar, 2023 4,313 364 375 319 35.5 152.4 May 1, 2024 J-GAAP
Oct - Mar, 2024 4,197 313 336 239 26.8 98.5 May 14, 2025 J-GAAP
YoY -2.7% -14.0% -10.4% -25.1% -24.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 4,524 435 395 343 38.4 0 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 Results 4,197 313 336 239 26.8 0 May 14, 2025 J-GAAP
Revision Rate -7.2% -28.0% -14.9% -30.3% -30.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 3,139 -147 -129 -280 -31.5 0 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 3,885 18 5 54 6.1 0 May 14, 2025 J-GAAP
YoY +23.8% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 7,257 139 181 109 12.3 0 Nov 10, 2023 J-GAAP
Sep, 2024 7,452 217 246 39 4.4 0 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 8,082 331 341 293 32.8 0 Nov 14, 2024 J-GAAP
YoY +8.5% +52.5% +38.6% +651.3% +649.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,091 155 160 135 15.0 7.4 May 1, 2024 J-GAAP
Apr - Jun, 2024 1,574 -48 -38 -54 -6.0 -3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,565 -99 -91 -226 -25.4 -6.3 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,178 153 196 156 17.5 7.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,019 160 140 83 9.3 7.9 May 14, 2025 J-GAAP
YoY -3.4% +3.2% -12.5% -38.5% -38.0%

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