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OHSHO FOOD SERVICE CORP., First Half Ordinary Profit Increases by 7%, July-September Ordinary Profit Increases by 11%

Thu Oct 31, 2024 3:15 pm JST Earnings

9936 OHSHO FOOD SERVICE CORP. 【J-GAAP】

Earnings Report

OHSHO FOOD SERVICE CORP. <9936> [TSE-P] announced its financial results after the market closed on October 31st (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.8% from the same period last year, reaching 5.46 billion yen. However, The progress rate against the 11.3 billion yen full-year plan was 48.1%, almost the same as the five-year average of 48.0%.

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 October to March period (second half) is expected to grow by 9.9% from the same period last year, reaching 5.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.1% from the same period last year, reaching 2.89 billion yen. However, the operating profit margin remained almost flat, changing from 10.2% in the same period last year to 10.2%.

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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
Apr - Sep, 2022 45,136 3,820 4,856 3,072 54.5 53.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 49,744 4,988 5,122 3,896 69.1 48.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 53,879 5,247 5,469 3,645 64.6 48.1 Oct 31, 2024 J-GAAP
YoY +8.3% +5.2% +6.8% -6.4% -6.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 54,427 5,542 5,662 3,754 66.4 25 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 53,879 5,247 5,469 3,645 64.6 25 Oct 31, 2024 J-GAAP
Revision Rate -1.0% -5.3% -3.4% -2.9% -2.8%

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 51,657 5,298 5,374 4,015 71.1 25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,996 5,949 5,904 4,325 76.5 25 Oct 31, 2024 J-GAAP
YoY +8.4% +12.3% +9.9% +7.7% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 93,022 7,981 9,140 6,213 110.2 45 May 15, 2023 J-GAAP
Mar, 2024 101,401 10,286 10,496 7,911 140.2 48.33 May 15, 2024 J-GAAP
Mar, 2025 Guidance 109,875 11,196 11,373 7,970 141.0 50 May 23, 2024 J-GAAP
YoY +8.4% +8.8% +8.4% +0.7% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,121 2,573 2,605 1,761 31.2 10.2 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 25,785 2,533 2,620 1,733 30.7 9.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 25,872 2,765 2,754 2,282 40.4 10.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 26,421 2,441 2,576 1,702 30.2 9.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 27,458 2,806 2,893 1,943 34.4 10.2 Oct 31, 2024 J-GAAP
YoY +9.3% +9.1% +11.1% +10.3% +10.3%

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