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Okamura Foods Co.,Ltd, July-September (1Q) Ordinary Profit Decreases by 11%, Revises Dividend Forecast in Conjunction with Stock Split

Thu Nov 14, 2024 3:30 pm JST Earnings

2938 Okamura Foods Co.,Ltd 【J-GAAP】

Earnings Report

Okamura Foods Co.,Ltd <2938> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending June 2025 (July to September) decreased by 10.5% from the same period last year to 1.15 billion yen. However, The progress rate against the 2.94 billion yen full-year plan was 39.2%, almost the same as the same period of the previous year of 44.0%.

At the same time, Due to a planned 1-to-2 stock split is scheduled for December 31, the the annual dividend has been revised from the original plan of 38 yen to 28.5 yen (equivalent to 38 yen before the stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (1Q), the operating profit margin decreased from 17.0% in the same period last year to 14.8%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Sep, 2023 6,849 1,163 1,291 918 21.6 97.4 Nov 14, 2023 J-GAAP
Jul - Sep, 2024 8,191 1,215 1,155 927 19.1 ー Nov 14, 2024 J-GAAP
YoY +19.6% +4.5% -10.5% +1.0% -11.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 36,119 3,212 2,949 2,093 42.6 6.33 Aug 9, 2024 J-GAAP
Jun, 2025 New 36,119 3,212 2,949 2,093 42.6 6.33 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 15,366 1,254 1,325 895 19.8 2.83 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance ー ー ー ー － 3.17 Aug 9, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 32,665 2,548 2,932 1,968 42.0 5.67 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 36,119 3,212 2,949 2,093 42.6 6.33 Nov 14, 2024 J-GAAP
YoY +10.6% +26.1% +0.6% +6.4% +1.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,849 1,163 1,291 918 21.6 17.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 8,517 91 34 -23 -0.5 1.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 7,482 576 716 479 10.4 7.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,817 718 891 594 12.7 7.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,191 1,215 1,155 927 19.1 14.8 Nov 14, 2024 J-GAAP
YoY +19.6% +4.5% -10.5% +1.0% -11.6%

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