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Yakiniku Sakai Holdings Inc., First Half Ordinary Profit Decreases by 58%, July-September Ordinary Profit Decreases by 92%

Thu Nov 14, 2024 4:30 pm JST Earnings

2694 Yakiniku Sakai Holdings Inc. 【J-GAAP】

Earnings Report

Yakiniku Sakai Holdings Inc. <2694> [TSE-S] announced its financial results after the market closed on November 14th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 58.2% from the same period last year to 122 million yen. The progress rate against the 582 million yen full-year plan was 21.0%, also falling below the five-year average of 51.9%.

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 expand by 46.5% from the same period last year, reaching 460 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 11 million yen, a 92.4% decrease compared to the same period last year. The operating profit margin worsened from 2.2% in the same period last year to 1.6%.

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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 10,737 -329 387 181 0.8 80.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 10,918 218 292 45 0.2 48.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 11,377 185 122 118 0.5 21.0 Nov 14, 2024 J-GAAP
YoY +4.2% -15.1% -58.2% +162.2% +163.2%

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 11,377 185 122 118 0.5 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 11,899 311 314 190 0.8 0.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,550 389 460 225 1.0 － Nov 14, 2024 J-GAAP
YoY -2.9% +25.1% +46.5% +18.4% +18.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,055 -249 480 277 1.2 0.50 May 15, 2023 J-GAAP
Mar, 2024 22,817 529 606 235 1.0 0.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 22,927 574 582 343 1.5 － May 15, 2024 J-GAAP
YoY +0.5% +8.5% -4.0% +46.0% +46.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,571 122 144 -89 -0.4 2.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 6,162 226 220 135 0.6 3.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,737 85 94 55 0.2 1.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,515 93 111 69 0.3 1.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 5,862 92 11 49 0.2 1.6 Nov 14, 2024 J-GAAP
YoY +5.2% -24.6% -92.4% － －

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