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ICHIMASA KAMABOKO, First Half Ordinary Profit Increases by 16%

Thu Feb 13, 2025 3:30 pm JST Earnings

2904 ICHIMASA KAMABOKO CO.,LTD. 【J-GAAP】

Earnings Report

ICHIMASA KAMABOKO CO.,LTD. <2904> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) increased 16.3% from the same period last year, reaching 1.09 billion yen. The progress rate toward the full-year plan of 1.35 billion yen was 80.7%, it was below the five-year average of 90.4%.

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 January to June period (2H) is expected to decrease 16.1% from the same period last year to 0.26 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit grew 15.5% from the same period last year, reaching 1.16 billion yen. The operating profit margin improved from 8.6% in the same period last year to 9.2%.

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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
Jul - Dec, 2022 18,080 311 366 350 19.1 ー Feb 10, 2023 J-GAAP
Jul - Dec, 2023 18,854 924 937 701 38.2 75.1 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 19,053 1,023 1,090 953 51.9 80.7 Feb 13, 2025 J-GAAP
YoY +1.1% +10.7% +16.3% +35.9% +36.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 20,000 1,100 1,150 800 43.5 0 Aug 7, 2024 J-GAAP
Jul - Dec, 2024 Results 19,053 1,023 1,090 953 51.9 0 Feb 13, 2025 J-GAAP
Revision Rate -4.7% -7.0% -5.2% +19.1% +19.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 15,633 347 310 256 13.9 12 Aug 7, 2024 J-GAAP
Jan - Jun, 2025 Guidance 17,447 277 260 7 0.4 14 Feb 13, 2025 J-GAAP
YoY +11.6% -20.2% -16.1% -97.3% -97.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 32,814 -193 -146 84 4.6 12 Aug 4, 2023 J-GAAP
Jun, 2024 34,487 1,271 1,247 957 52.1 12 Aug 7, 2024 J-GAAP
Jun, 2025 Guidance 36,500 1,300 1,350 960 52.4 14 Aug 7, 2024 J-GAAP
YoY +5.8% +2.3% +8.3% +0.3% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 11,525 995 1,011 683 37.2 8.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,478 546 524 377 20.5 6.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 7,155 -199 -214 -121 -6.6 -2.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 7,344 -51 -78 7 0.4 -0.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 11,709 1,074 1,168 946 51.5 9.2 Feb 13, 2025 J-GAAP
YoY +1.6% +7.9% +15.5% +38.5% +38.5%

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