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Lacto JPN Research Memo (9): Evolving from a dairy product specialty trading firm to a multifaceted food company (2).
Over the three-year period from November 2023 to November 2025, the company plans to focus on laying the groundwork for growth as a first step towards achieving its long-term vision.
Lacto JPN Research Memo (10): Dividends for November 2024 are scheduled to be revised upward from initial financial estimates to 76.0 yen.
Rakuto Japan <3139> positions the return of profits to shareholders as the most important management issue, and aims to improve dividends and payout ratio while achieving medium to long-term growth through investments in growth such as the Asia cheese manufacturing and sales business and strengthening financial position. While the basic policy has been annual dividends at the end of the year until the November 2022 period, efforts are being made to enhance opportunities for profit distribution based on management performance to shareholders, possibly in the November 2023 period.
Lacto JP Research Memo (8): aiming to evolve from a dairy product specialty trading company to a composite food enterprise (1).
Rakuto Japan <3139> has reached the 25th anniversary of its founding in May 2023 for its mid- to long-term growth strategy. It regards the next 25 years as the "second founding period" and announced a new management philosophy, long-term vision, and medium-term management plan "NEXT-LJ 2025" (November 2023-November 2025) in January of that year. Until then, the medium-term management plan had been revised each period and rolled over, but "NEXT-LJ 2025" specifies performance targets for each period and updates them every three years.
Lact JPN Research Memo (7): Expects record-high revenue and profits for the fiscal year ending in November 2024.
The consolidated performance for the fiscal year ending November 2024 has been upwardly revised from the initial forecast as of July 12, 2024. Revenue is expected to increase by 3.6% to 16.4 billion yen compared to the previous year, while operating income is expected to increase by 44.0% to 410 million yen and net income attributable to parent company shareholders is expected to increase by 46.4% to 300 million yen, achieving its highest ever revenue and profit.
Lact JP N Research Memo (6): Domestic business has recovered and updated the highest revenue and profit in the past second quarter (2).
Due to low inventory levels of Japanese skimmed milk powder, exports of domestically produced skimmed milk powder, which had been expanded compared to the same period of the previous year, declined sharply. In addition, there was intense price competition in the bidding for some locally-targeted products, resulting in a 12.2% decrease in sales volume to 18,518 tons compared to the same period last year.
Lacto JP Research Memo (5): Domestic business has recovered, updating the highest revenue and profit in the second quarter ever (1).
- Rakuto Japan (3139) Performance Trend 1. Performance Overview for Q2 of Fiscal Year Ending November 2024 Consolidated results for Q2 FY November 2024: Revenue increased by 5.1% YoY to JPY 84,560 million, operating profit increased by 42.6% YoY to JPY 2,432 million, ordinary profit increased by 68.1% YoY to JPY 2,260 million, and net profit attributable to parent company shareholders for the quarter increased by 79.3% YoY to JPY 1,654 million. The company achieved its highest ever Q2 revenue and profit. 2024.
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