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KADOYA SESAME MILLS INCORPORATED, First Half Ordinary Profit Decreases by 5%

Tue Nov 5, 2024 3:30 pm JST Earnings

2612 KADOYA SESAME MILLS INCORPORATED 【J-GAAP】

Earnings Report

KADOYA SESAME MILLS INCORPORATED <2612> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.4% from the same period last year to 2.06 billion yen. However, The progress rate against the 2.6 billion yen full-year plan was 79.4%, also surpassing the five-year average of 65.4%.

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 significant drop by 56.3% from the same period last year to 536 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 805 million yen, a 31.0% decrease compared to the same period last year. The operating profit margin decreased from 11.3% in the same period last year to 8.9%.

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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 17,164 2,181 2,470 1,707 185.5 76.5 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 18,019 1,979 2,182 1,457 158.4 64.0 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 19,669 2,009 2,064 1,402 152.4 79.4 Nov 5, 2024 J-GAAP
YoY +9.2% +1.5% -5.4% -3.8% -3.8%

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 20,000 1,800 1,800 1,250 135.8 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 19,669 2,009 2,064 1,402 152.4 0 Nov 5, 2024 J-GAAP
Revision Rate -1.7% +11.6% +14.7% +12.2% +12.2%

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 17,661 1,138 1,227 798 86.8 100 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,831 491 536 598 65.0 85 Nov 5, 2024 J-GAAP
YoY +6.6% -56.9% -56.3% -25.1% -25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,690 2,914 3,229 2,219 241.2 100 May 12, 2023 J-GAAP
Mar, 2024 35,680 3,117 3,409 2,255 245.1 100 May 14, 2024 J-GAAP
Mar, 2025 Guidance 38,500 2,500 2,600 2,000 217.3 85 May 14, 2024 J-GAAP
YoY +7.9% -19.8% -23.7% -11.3% -11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,316 1,051 1,167 788 85.7 11.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 9,059 868 884 606 65.9 9.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,602 270 343 192 20.9 3.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,600 1,112 1,259 849 92.3 11.6 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 10,069 897 805 553 60.1 8.9 Nov 5, 2024 J-GAAP
YoY +8.1% -14.7% -31.0% -29.8% -29.8%

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