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TAKIZAWA HAM CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

Tue Nov 12, 2024 4:00 pm JST Earnings

2293 TAKIZAWA HAM CO.,LTD. 【J-GAAP】

Earnings Report

TAKIZAWA HAM CO.,LTD. <2293> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 207 million yen (compared to a profit of 56 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 10.3% from the same period last year to 105 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 230 million yen (compared to a loss of 20 million yen in the same period last year). The operating profit/loss margin worsened from -0.3% in the same period last year to -3.0%.

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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, 2022 14,540 -159 -136 -143 -70.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 13,877 39 56 43 21.3 32.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 13,968 -221 -207 -289 -140.9 Nov 12, 2024 J-GAAP
YoY +0.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 13,968 -221 -207 -299 -145.6 0 Nov 8, 2024 J-GAAP
Apr - Sep, 2024 Results 13,968 -221 -207 -289 -140.9 0 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +3.3% +3.2%

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 14,334 105 117 80 39.2 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,832 91 105 67 32.6 20 Nov 12, 2024 J-GAAP
YoY +3.5% -13.3% -10.3% -16.3% -16.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,458 -216 -167 -191 -93.0 0 May 12, 2023 J-GAAP
Mar, 2024 28,211 144 173 123 60.3 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 28,800 -130 -102 -222 -108.1 20 Nov 8, 2024 J-GAAP
YoY +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,962 -19 -20 -31 -15.3 -0.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,932 210 220 148 72.3 2.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 6,402 -105 -103 -68 -33.3 -1.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,861 -7 23 17 8.3 -0.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,107 -214 -230 -306 -149.2 -3.0 Nov 12, 2024 J-GAAP
YoY +2.1% -1,026.3% -1,050.0% -887.1% -873.1%

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