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Ishii Food, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 52%, Exceeds Full-Year Plan

Fri Jan 31, 2025 11:00 am JST Earnings

2894 Ishii Food Co.,Ltd. 【J-GAAP】

Earnings Report

Ishii Food Co.,Ltd. <2894> [TSE Std] announced its financial results in the morning on January 31st (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 52.2% from the same period last year to 256 million yen. The progress rate toward the full-year plan of 130 million yen is 196.9%, already exceeding the target and also exceeding the five-year average of 94.1%.

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 126 million yen (compared to a loss of 79 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 158 million yen, a 11.7% decrease compared to the same period last year. The operating profit margin worsened from 6.0% in the same period last year to 5.1%.

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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 7,161 84 105 87 5.2 41.0 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 7,931 506 536 306 18.2 117.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 8,298 235 256 135 8.1 196.9 Jan 31, 2025 J-GAAP
YoY +4.6% -53.6% -52.2% -55.9% -55.2%

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 5,340 75 100 281 16.8 4 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,497 12 32 46 2.8 4 Nov 7, 2024 J-GAAP
YoY +2.9% -84.0% -68.0% -83.6% -83.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,549 219 256 308 18.3 3 May 12, 2023 J-GAAP
Mar, 2024 10,492 413 457 471 28.1 4 May 14, 2024 J-GAAP
Mar, 2025 Guidance 10,900 100 130 80 4.8 4 Nov 7, 2024 J-GAAP
YoY +3.9% -75.8% -71.6% -83.0% -82.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,779 168 179 116 6.9 6.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,561 -93 -79 165 9.8 -3.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,718 68 74 15 0.9 2.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,685 20 24 19 1.2 0.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,895 147 158 101 6.1 5.1 Jan 31, 2025 J-GAAP
YoY +4.2% -12.5% -11.7% -12.9% -11.6%

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