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Synchro Food, Oct-Dec (3Q) Ordinary Profit Decreases by 17%

Fri Feb 14, 2025 3:30 pm JST Earnings

3963 Synchro Food Co.,Ltd. 【J-GAAP】

Earnings Report

Synchro Food Co.,Ltd. <3963> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.9% from the same period last year, reaching 0.82 billion yen. However, the progress rate toward the full-year plan of 1.26 billion yen was 65.7%, also falling below the five-year average of 70.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 56.5% from the same period last year, reaching 0.43 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.24 billion yen, a 16.6% decrease compared to the same period last year. The operating profit margin decreased from 31.8% in the same period last year to 26.7%.

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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 2,105 648 650 438 16.4 74.0 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 2,654 761 760 518 19.4 73.4 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 2,922 840 828 555 20.6 65.7 Feb 14, 2025 J-GAAP
YoY +10.1% +10.4% +8.9% +7.1% +6.1%

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 1,861 567 566 383 14.4 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,233 675 674 488 16.9 15 Jan 8, 2025 J-GAAP
YoY +20.0% +19.0% +19.1% +27.4% +17.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,930 876 878 628 23.6 0 May 12, 2023 J-GAAP
Mar, 2024 3,602 1,038 1,036 704 26.4 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 4,200 1,260 1,260 882 30.6 15 Jan 8, 2025 J-GAAP
YoY +16.6% +21.4% +21.6% +25.3% +15.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 913 290 290 197 7.4 31.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 948 277 276 186 7.0 29.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,010 300 301 201 7.5 29.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 957 285 285 193 7.2 29.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 955 255 242 161 6.0 26.7 Feb 14, 2025 J-GAAP
YoY +4.6% -12.1% -16.6% -18.3% -19.1%

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