AKIKAWA FOODS&FARMS, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Loss, Oct-Dec Ordinary Profit Decreases by 35%

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Fri Feb 14, 2025 3:30 pm JST Earnings

1380 AKIKAWA FOODS & FARMS CO., LTD. 【J-GAAP】

Earnings Report

AKIKAWA FOODS & FARMS CO., LTD. <1380> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 13 million yen (compared to a profit of 196 million yen in the same period last year).

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 profit of 48 million yen (compared to a loss of 43 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 45 million yen, a 34.8% decrease compared to the same period last year. However, the operating profit margin improved from 1.2% in the same period last year to 1.8%.

Kabutan News

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	5,296	16	136	81	19.6	56.2	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	5,586	71	196	130	31.3	128.1	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	5,961	-60	-13	-26	-6.5	ー	Feb 14, 2025	J-GAAP
YoY	+6.7%	－	－	－	－

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	3,760	-36	26	12	2.9	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,034	88	93	51	12.2	10	Nov 14, 2024	J-GAAP
YoY	+7.3%	－	+257.7%	+325.0%	+323.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,070	19	242	156	37.4	10	May 11, 2023	J-GAAP
Mar, 2024	7,392	11	153	98	23.6	10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	7,810	-11	35	3	0.7	10	Nov 14, 2024	J-GAAP
YoY	+5.7%	－	-77.1%	-96.9%	-96.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,954	24	69	44	10.6	1.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,806	-60	-43	-32	-7.7	-3.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,869	-69	-45	-36	-8.7	-3.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,907	-30	-13	-12	-2.9	-1.6	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	2,185	39	45	22	5.5	1.8	Feb 14, 2025	J-GAAP
YoY	+11.8%	+62.5%	-34.8%	-50.0%	-48.4%