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Ishii Food, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 40%

Thu Nov 13, 2025 1:00 pm JST Earnings

2894 Ishii Food Co.,Ltd. 【J-GAAP】

Earnings Report

Ishii Food Co.,Ltd. <2894> [TSE Std] announced its financial results in the afternoon session on November 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.2 times that of the same period last year, reaching 218 million yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 40.0%, from the previous forecast of 200 million yen to 280 million yen (compared to 309 million yen in the previous period), and the declining rate is expected to decrease from 35.3% to 9.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 70.6% from the same period last year to 62 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.5 times that of the same period last year, reaching 83 million yen. The operating profit margin improved from 0.7% in the same period last year to 3.1%.

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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
Apr - Sep, 2023 5,152 338 357 190 11.3 78.1 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,403 88 98 34 2.1 31.7 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 5,440 221 218 151 9.1 77.9 Nov 13, 2025 J-GAAP
YoY +0.7% +151.1% +122.4% +344.1% +340.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 5,440 221 218 151 9.1 0 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,200 150 200 150 9.0 4 May 15, 2025 J-GAAP
Mar, 2026 New 11,200 250 280 209 12.6 4 Nov 13, 2025 J-GAAP
Revision Rate 0.0% +66.7% +40.0% +39.3% +39.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 5,466 179 211 253 15.2 4 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,760 29 62 58 3.5 4 Nov 13, 2025 J-GAAP
YoY +5.4% -83.8% -70.6% -77.1% -77.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 10,492 413 457 471 28.1 4 May 14, 2024 J-GAAP
Mar, 2025 10,869 267 309 287 17.3 4 May 15, 2025 J-GAAP
Mar, 2026 Guidance 11,200 250 280 209 12.6 4 Nov 13, 2025 J-GAAP
YoY +3.0% -6.4% -9.4% -27.2% -27.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,685 20 24 19 1.2 0.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,895 147 158 101 6.1 5.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 2,571 32 53 152 9.2 1.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,728 137 135 75 4.5 5.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 2,712 84 83 76 4.6 3.1 Nov 13, 2025 J-GAAP
YoY +1.0% +320.0% +245.8% +300.0% +295.7%

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