Okamura Foods, First Half Ordinary Profit Increases by 23%, Oct-Dec Ordinary Profit Increases by 14 times

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Fri Feb 14, 2025 2:00 pm JST Earnings

2938 Okamura Foods Co.,Ltd 【J-GAAP】

Earnings Report

Okamura Foods Co.,Ltd <2938> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) increased 23.3% from the same period last year, reaching 1.63 billion yen. The progress rate toward the full-year plan of 2.94 billion yen was 55.4%, also surpassing the progress rate of 45.2% from the same period of the previous year.

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 18.2% from the same period last year to 1.31 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit surged 14 times that of the same period last year, reaching 0.47 billion yen. The operating profit margin significantly improved from 1.1% in the same period last year to 5.4%.

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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, 2023	15,366	1,254	1,325	895	59.3	45.2	Feb 14, 2024	J-GAAP
Jul - Dec, 2024	17,084	1,692	1,634	1,114	68.8	55.4	Feb 14, 2025	J-GAAP
YoY	+11.2%	+34.9%	+23.3%	+24.5%	+15.9%

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	ー	ー	ー	ー	－	9.50	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 Results	17,084	1,692	1,634	1,114	68.8	9.50	Feb 14, 2025	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
Jan - Jun, 2024	17,299	1,294	1,607	1,073	68.7	8.50	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	19,035	1,520	1,315	979	59.9	9.50	Feb 14, 2025	J-GAAP
YoY	+10.0%	+17.5%	-18.2%	-8.8%	-12.8%

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	126.1	17	Aug 9, 2024	J-GAAP
Jun, 2025 Guidance	36,119	3,212	2,949	2,093	128.1	19	Nov 14, 2024	J-GAAP
YoY	+10.6%	+26.1%	+0.6%	+6.4%	+1.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,517	91	34	-23	-1.5	1.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,482	576	716	479	31.0	7.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,817	718	891	594	38.1	7.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,191	1,215	1,155	927	57.4	14.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	8,893	477	479	187	11.5	5.4	Feb 14, 2025	J-GAAP
YoY	+4.4%	+424.2%	+1,308.8%	－	－