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FRUTA FRUTA INC., The Current Fiscal Year Ordinary Profit Turns to Profit, Exceeds Expectations

Wed Nov 13, 2024 12:00 pm JST Earnings

2586 FRUTA FRUTA INC. 【J-GAAP】

Earnings Report

FRUTA FRUTA INC. <2586> [TSE-G] announced its financial results at noon (12:00) on November 13th. The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 66 million yen (compared to a loss of 157 million yen in the same period last year).

In addition, the full-year ordinary profit has been revised upward from an expected loss of 100 million yen to a profit of 20 million yen (compared to a loss of 306 million yen in the previous period), turning to a profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary loss for the October to March period (second half) is expected to further decrease to loss of 46 million yen (compared to a loss of 149 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 63 million yen (compared to a loss of 58 million yen in the same period last year). The operating profit/loss margin drastically improved from -17.0% in the same period last year to 8.1%.

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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, 2022 383 -180 -182 -182 -6.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 576 -144 -157 -157 -4.9 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,125 67 66 54 1.2 330.0 Nov 13, 2024 J-GAAP
YoY +95.3% － － － －

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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,125 67 66 54 1.2 0 Nov 13, 2024 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, 2025 Prev 1,430 -100 -100 -100 -1.4 0 May 15, 2024 J-GAAP
Mar, 2025 New 2,000 20 20 20 0.3 0 Nov 13, 2024 J-GAAP
Revision Rate +39.9% － － － －

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 560 -119 -149 -149 -4.4 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 875 -47 -46 -34 -0.5 0 Nov 13, 2024 J-GAAP
YoY +56.3% +60.5% +69.1% +77.2% +89.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 804 -312 -307 -308 -10.4 0 May 15, 2023 J-GAAP
Mar, 2024 1,136 -263 -306 -306 -9.0 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 2,000 20 20 20 0.3 0 Nov 13, 2024 J-GAAP
YoY +76.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 306 -52 -58 -57 -1.8 -17.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 261 -80 -87 -87 -0.9 -30.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 299 -39 -62 -62 -1.8 -13.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 472 14 3 3 0.1 3.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 653 53 63 51 1.2 8.1 Nov 13, 2024 J-GAAP
YoY +113.4% － － － －

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