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EBARA Foods Industry,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 36%

Thu Nov 7, 2024 3:45 pm JST Earnings

2819 EBARA Foods Industry,Inc. 【J-GAAP】

Earnings Report

EBARA Foods Industry,Inc. <2819> [TSE-S] announced its financial results after the market closed on November 7th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.4% from the same period last year to 1.27 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 36.4%, from the previous forecast of 1.1 billion yen to 1.5 billion yen (compared to 2.62 billion yen in the previous period), and the declining rate is expected to decrease from 58.1% to 42.9%.

Based on the first-half performance announced by the company and the 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 80.0% from the same period last year to 228 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 459 million yen, a 31.2% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 4.2%.

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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 21,637 1,741 1,904 1,296 131.9 59.9 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 22,035 1,363 1,486 981 100.0 56.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 23,835 1,231 1,272 848 86.9 84.8 Nov 7, 2024 J-GAAP
YoY +8.2% -9.7% -14.4% -13.6% -13.2%

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 － 20 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 23,835 1,231 1,272 848 86.9 20 Nov 7, 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 46,600 1,000 1,100 700 71.6 40 May 15, 2024 J-GAAP
Mar, 2025 New 47,000 1,500 1,500 900 92.1 40 Nov 7, 2024 J-GAAP
Revision Rate +0.9% +50.0% +36.4% +28.6% +28.6%

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 23,181 1,037 1,142 821 83.6 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,165 269 228 52 5.3 20 Nov 7, 2024 J-GAAP
YoY -0.1% -74.1% -80.0% -93.7% -93.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 43,419 2,972 3,180 2,177 221.7 40 May 15, 2023 J-GAAP
Mar, 2024 45,216 2,400 2,628 1,802 183.6 40 May 15, 2024 J-GAAP
Mar, 2025 Guidance 47,000 1,500 1,500 900 92.1 40 Nov 7, 2024 J-GAAP
YoY +3.9% -37.5% -42.9% -50.1% -49.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,154 620 667 435 44.4 5.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 13,093 1,398 1,441 1,003 102.2 10.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,088 -361 -299 -182 -18.5 -3.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 11,926 725 813 539 55.2 6.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 11,909 506 459 309 31.7 4.2 Nov 7, 2024 J-GAAP
YoY +6.8% -18.4% -31.2% -29.0% -28.6%

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