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IWATSUKA CONFECTIONERY, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 40%, Exceeds Full-Year Plan

Wed Feb 12, 2025 3:30 pm JST Earnings

2221 IWATSUKA CONFECTIONERY CO.,LTD. 【J-GAAP】

Earnings Report

IWATSUKA CONFECTIONERY CO.,LTD. <2221> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.81 billion yen, an increase 39.5% compared to the same period last year. The progress rate toward the full-year plan of 3.5 billion yen is 109.0%, already exceeding the target and also exceeding the five-year average of 90.1%.

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 loss of 0.31 billion yen (compared to a profit of 0.07 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.45 billion yen, a 18.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.6% in the same period last year to 5.4%.

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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
Apr - Dec, 2022 15,087 -229 4,420 3,193 284.9 81.0 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 16,497 620 2,734 1,928 172.0 97.4 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 18,719 675 3,815 2,678 257.5 109.0 Feb 12, 2025 J-GAAP
YoY +13.5% +8.9% +39.5% +38.9% +49.7%

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 11,791 521 630 458 41.0 23 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,386 360 141 31 3.0 25 Nov 11, 2024 J-GAAP
YoY +5.0% -30.9% -77.6% -93.2% -92.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,386 -213 5,454 3,970 354.3 18.50 May 12, 2023 J-GAAP
Mar, 2024 22,000 603 2,808 1,957 175.4 23 May 14, 2024 J-GAAP
Mar, 2025 Guidance 24,000 650 3,500 2,400 230.7 25 Aug 9, 2024 J-GAAP
YoY +9.1% +7.8% +24.6% +22.6% +31.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,288 538 556 429 38.3 8.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 5,503 -17 74 29 2.6 -0.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,965 280 427 322 31.0 4.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,649 10 2,932 2,047 196.8 0.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 7,105 385 456 309 29.7 5.4 Feb 12, 2025 J-GAAP
YoY +13.0% -28.4% -18.0% -28.0% -22.4%

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