Fuji Oil Holdings (2607) Q3 2025 earnings summary

Executive summary

• Net sales for FY2024 Q3 rose to 491.9 billion yen, up 16.7% or 70.3 billion yen year-over-year, driven by higher sales prices, volume, and yen depreciation.

• Operating profit dropped sharply to 0.5 billion yen, down 96.1% or 12.4 billion yen year-over-year, mainly due to significant losses from cocoa-related special factors at Blommer.

• Net loss attributable to owners of parent was 3.2 billion yen, a decrease of 8.2 billion yen year-over-year.

• Comprehensive income fell to 1.2 billion yen from 27.1 billion yen year-over-year.

Financial highlights

• Substantive operating profit excluding cocoa special factors increased to 27.0 billion yen, up 14.1 billion yen year-over-year.

• Gross profit decreased to 52.3 billion yen from 61.3 billion yen year-over-year.

• Interest expenses rose to 4.8 billion yen from 2.5 billion yen year-over-year.

• Net sales growth was supported by higher prices in Industrial Chocolate and increased volume in Vegetable Oils and Fats.

• Operating margin fell to 0.1% from 3.1% a year earlier.

Outlook and guidance

• FY2024 full-year net sales forecast revised up to 655.0 billion yen, a 16.1% or 90.9 billion yen increase year-over-year.

• Full-year operating profit forecast cut to 11.0 billion yen, down 7.2 billion yen year-over-year, due to increased cocoa special factor losses at Blommer.

• Profit attributable to owners of parent forecast at 2.8 billion yen, down 3.7 billion yen year-over-year.

• Dividend forecast maintained at 52.00 yen per share for the fiscal year.

• Management notes that actual results may differ from forecasts due to various factors.