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SHOKUBUN CO.,LTD., First Half Net Income Loss Widens, Current Fiscal Year Dividend Revised down by 2.5 yen

Thu Oct 31, 2024 4:00 pm JST Earnings

9969 SHOKUBUN CO.,LTD. 【J-GAAP】

Earnings Report

SHOKUBUN CO.,LTD. <9969> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 124 million yen (compared to a loss of 47 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 37.5% from the same period last year, reaching 44 million yen.

At the same time, the company has significantly reduced its planned annual dividend for the current fiscal year from the original plan of 5 yen to 2.5 yen (compared to 5 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 103 million yen (compared to a loss of 34 million yen in the same period last year). The operating profit/loss margin worsened from -2.0% in the same period last year to -3.8%.

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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 3,317 2 -14 81 5.3 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 3,109 -30 -32 -47 -3.1 ー Oct 30, 2023 J-GAAP
Apr - Sep, 2024 2,899 -63 -68 -124 -8.1 ー Oct 31, 2024 J-GAAP
YoY -6.8% -110.0% -112.5% -163.8% -163.6%

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 2,899 -63 -68 -124 -8.1 2.50 Oct 18, 2024 J-GAAP
Apr - Sep, 2024 Results 2,899 -63 -68 -124 -8.1 0 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 6,072 0 -13 -80 -5.2 5 Oct 18, 2024 J-GAAP
Mar, 2025 New 6,072 0 -13 -80 -5.2 2.50 Oct 31, 2024 J-GAAP
Revision Rate 0.0% － 0.0% 0.0% 0.0%

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 3,284 81 82 32 2.2 2.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,173 63 55 44 2.9 2.50 Oct 18, 2024 J-GAAP
YoY -3.4% -22.2% -32.9% +37.5% +30.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,017 203 190 268 17.4 5 May 10, 2023 J-GAAP
Mar, 2024 6,393 51 50 -15 -1.0 5 May 13, 2024 J-GAAP
Mar, 2025 Guidance 6,072 0 -13 -80 -5.2 2.50 Oct 31, 2024 J-GAAP
YoY -5.0% － － -433.3% -406.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,517 -30 -32 -34 -2.2 -2.0 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 1,781 69 71 9 0.6 3.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,503 12 11 23 1.6 0.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,478 -9 -10 -21 -1.5 -0.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 1,421 -54 -58 -103 -6.7 -3.8 Oct 31, 2024 J-GAAP
YoY -6.3% -80.0% -81.3% -202.9% -202.2%

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