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Yoshimura Food Holdings K.K., First Half Ordinary Profit Increases by 47%

Tue Oct 15, 2024 3:30 pm JST Earnings

2884 Yoshimura Food Holdings K.K. 【J-GAAP】

Earnings Report

Yoshimura Food Holdings K.K. <2884> [TSE-P] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 2.01 billion yen, an increase of 46.6% compared to the same period last year. The progress rate against the 2.67 billion yen full-year plan was 75.3%, also surpassing the five-year average of 53.6%.

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 September to February period (second half) is expected to significant drop by 60.7% from the same period last year to 661 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 675 million yen, a 11.1% decrease compared to the same period last year. However, the operating profit margin improved from 3.5% in the same period last year to 5.7%.

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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
Mar - Aug, 2022 16,349 193 747 406 17.1 56.5 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 23,084 902 1,371 832 35.1 45.9 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 28,738 2,003 2,010 834 35.1 75.3 Oct 15, 2024 J-GAAP
YoY +24.5% +122.1% +46.6% +0.2% 0.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 28,738 2,003 2,010 834 35.1 0 Oct 15, 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
Sep - Feb, 2023 26,697 1,464 1,618 204 8.6 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 29,477 741 661 279 11.7 0 Oct 15, 2024 J-GAAP
YoY +10.4% -49.4% -59.1% +36.8% +35.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 34,937 678 1,323 613 25.8 0 Apr 14, 2023 J-GAAP
Feb, 2024 49,781 2,366 2,989 1,036 43.8 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 58,215 2,744 2,671 1,113 46.7 0 Apr 15, 2024 J-GAAP
YoY +16.9% +16.0% -10.6% +7.4% +6.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 11,503 399 759 439 18.5 3.5 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 11,561 457 533 -242 -10.2 4.0 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 15,136 1,007 1,085 446 18.8 6.7 Apr 15, 2024 J-GAAP
Mar - May, 2024 14,614 1,125 1,263 592 24.9 7.7 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 14,124 878 747 242 10.2 6.2 Oct 15, 2024 J-GAAP
YoY +22.8% +120.1% -1.6% -44.9% -45.1%

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