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HAGOROMO FOODS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 42%, Exceeds Full-Year Plan

Wed Feb 12, 2025 3:30 pm JST Earnings

2831 HAGOROMO FOODS CORPORATION 【J-GAAP】

Earnings Report

HAGOROMO FOODS CORPORATION <2831> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.76 billion yen, an increase 41.8% compared to the same period last year. The progress rate toward the full-year plan of 2.8 billion yen is 134.4%, already exceeding the target and also exceeding the five-year average of 101.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.96 billion yen (compared to a loss of 0.38 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 27.4% from the same period last year, reaching 1.3 billion yen. The operating profit margin improved from 4.2% in the same period last year to 5.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 54,507 -374 -109 -121 -12.9 ー Feb 13, 2023 J-GAAP
Apr - Dec, 2023 56,964 2,203 2,653 2,033 216.1 116.9 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 58,281 3,176 3,762 2,760 293.4 134.4 Feb 12, 2025 J-GAAP
YoY +2.3% +44.2% +41.8% +35.8% +35.8%

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 36,018 440 643 451 48.0 25 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 36,085 107 346 208 22.1 30 Nov 13, 2024 J-GAAP
YoY +0.2% -75.7% -46.2% -53.9% -53.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,452 -1,133 -791 -1,320 -140.3 50 May 12, 2023 J-GAAP
Mar, 2024 73,501 1,834 2,269 1,749 186.0 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 74,800 2,300 2,800 2,000 212.5 60 Nov 13, 2024 J-GAAP
YoY +1.8% +25.4% +23.4% +14.4% +14.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 19,481 809 1,027 735 78.1 4.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 16,537 -369 -384 -284 -30.2 -2.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 19,245 1,094 1,300 903 96.0 5.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 19,470 1,099 1,154 889 94.5 5.6 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 19,566 983 1,308 968 102.9 5.0 Feb 12, 2025 J-GAAP
YoY +0.4% +21.5% +27.4% +31.7% +31.7%

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