Toyo Suisan Kaisha (2875) Q2 2025 earnings summary

Executive summary

• Net sales rose 4.6% year-over-year to ¥245,690 million for the six months ended September 30, 2024, with operating profit up 27.9% and profit attributable to owners of parent up 26.8%.

• All major business segments reported sales growth, with notable profit increases in Overseas Instant Noodles and Domestic Instant Noodles.

• The company completed the acquisition of Tsukuba Foods, Ltd., adding ¥725 million in goodwill.

Financial highlights

• Operating profit reached ¥38,151 million (up 27.9% year-over-year), ordinary profit ¥42,117 million (up 25.2%), and profit attributable to owners of parent ¥31,862 million (up 26.8%).

• Basic earnings per share increased to ¥315.18 from ¥246.09 year-over-year.

• Comprehensive income declined to ¥24,980 million from ¥45,467 million year-over-year, mainly due to negative foreign currency translation adjustments.

• Cash and cash equivalents at period end were ¥49,086 million, up 16.7% from the previous fiscal year end.

Outlook and guidance

• Full-year forecasts remain unchanged: net sales ¥510,000 million (up 4.3%), operating profit ¥72,000 million (up 8.0%), and profit attributable to owners of parent ¥59,000 million (up 6.0%).

• Dividend forecast for FY2025 is ¥170 per share, unchanged from previous guidance.