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S Foods, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 65%, Sep-Nov Ordinary Profit Decreases by 70%

Tue Jan 14, 2025 3:30 pm JST Earnings

2292 S Foods Inc. 【J-GAAP】

Earnings Report

S Foods Inc. <2292> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 64.6% from the same period last year to 4.23 billion yen. The progress rate toward the full-year plan of 8.3 billion yen was 51.1%, also falling below the five-year average of 75.6%.

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 for the December to February period (4Q) is expected to expand 67.2% from the same period last year, reaching 4.06 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 0.76 billion yen, a 69.7% decrease compared to the same period last year. The operating profit margin worsened from 2.0% in the same period last year to 0.6%.

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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
Mar - Nov, 2022 295,375 10,626 11,913 7,041 222.7 75.2 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 314,425 10,393 11,960 8,438 266.8 83.1 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 328,067 3,298 4,238 1,476 46.7 51.1 Jan 14, 2025 J-GAAP
YoY +4.3% -68.3% -64.6% -82.5% -82.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 216,025 4,340 4,964 1,907 60.3 42 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 226,100 4,657 4,829 2,985 94.3 45 Oct 11, 2024 J-GAAP
YoY +4.7% +7.3% -2.7% +56.5% +56.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 399,208 14,571 15,841 10,570 334.3 78 Apr 14, 2023 J-GAAP
Feb, 2024 425,011 12,673 14,390 9,073 286.9 84 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 445,000 7,300 8,300 4,200 132.7 89 Oct 11, 2024 J-GAAP
YoY +4.7% -42.4% -42.3% -53.7% -53.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 105,439 2,060 2,534 1,272 40.2 2.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 110,586 2,280 2,430 635 20.1 2.1 Apr 15, 2024 J-GAAP
Mar - May, 2024 109,600 1,272 1,681 671 21.2 1.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 109,300 1,371 1,790 544 17.2 1.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 109,167 655 767 261 8.3 0.6 Jan 14, 2025 J-GAAP
YoY +3.5% -68.2% -69.7% -79.5% -79.5%

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