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SATO FOODS, May-Jan (Cumulative 3Q) Ordinary Profit Decreases by 21%, Exceeds Full-Year Plan

Fri Mar 7, 2025 3:30 pm JST Earnings

2923 SATO FOODS CO., LTD. 【J-GAAP】

Earnings Report

SATO FOODS CO., LTD. <2923> [TSE Std] announced its financial results after the market closed on March 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) decreased 20.5% from the same period last year to 2.8 billion yen. However, the progress rate toward the full-year plan of 2.45 billion yen is 114.4%, already exceeding the target and also exceeding the five-year average of 108.0%.

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 February to April period (4Q) is expected to further decrease loss of 0.35 billion yen (compared to a loss of 0.51 billion yen in the same period last year).

In the most recent three-month period, from November to January (3Q), the consolidated ordinary profit decreased to 1.73 billion yen, a 26.7% decrease compared to the same period last year. The operating profit margin decreased from 13.0% in the same period last year to 9.3%.

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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
May - Jan, 2022 31,958 2,253 2,541 1,757 348.5 97.8 Mar 9, 2023 J-GAAP
May - Jan, 2023 33,840 3,232 3,527 2,444 484.7 117.2 Mar 14, 2024 J-GAAP
May - Jan, 2024 36,297 2,498 2,803 1,901 377.1 114.4 Mar 7, 2025 J-GAAP
YoY +7.3% -22.7% -20.5% -22.2% -22.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 26,007 1,670 1,843 1,461 289.8 60 Jun 13, 2024 J-GAAP
Nov - Apr, 2024 Guidance 26,353 1,238 1,377 979 194.1 60 Dec 10, 2024 J-GAAP
YoY +1.3% -25.9% -25.3% -33.0% -33.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 39,666 2,250 2,599 1,841 365.1 55 Jun 13, 2023 J-GAAP
Apr, 2024 42,581 2,656 3,009 2,295 455.2 60 Jun 13, 2024 J-GAAP
Apr, 2025 Guidance 45,000 2,100 2,450 1,710 339.0 60 Sep 10, 2024 J-GAAP
YoY +5.7% -20.9% -18.6% -25.5% -25.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 17,266 2,246 2,361 1,610 319.3 13.0 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 8,741 -576 -518 -149 -29.6 -6.6 Jun 13, 2024 J-GAAP
May - Jul, 2024 7,548 141 249 170 33.9 1.9 Sep 10, 2024 J-GAAP
Aug - Oct, 2024 11,099 721 824 561 111.4 6.5 Dec 10, 2024 J-GAAP
Nov - Jan, 2024 17,650 1,636 1,730 1,170 232.1 9.3 Mar 7, 2025 J-GAAP
YoY +2.2% -27.2% -26.7% -27.3% -27.3%

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