| Latest Forum Topics / Japan Foods Last:0.425 -- |
 Post Reply
|
|
~ Japan Foods Holding ~
|
|||
|
Joelton
Supreme |
26-May-2022 12:08
|
||
|
x 0
x 0 Alert Admin |
Japan Foods records 46.4% rise in H2 profit to S$4.9m
JAPAN Foods Holding : 5OI 0% on Wednesday (May 25) posted net profit of S$4.9 million for the 6 months ended March 2022, representing a 46.4 per cent increase from S$3.3 million in H2 FY2021.
Revenue for the half-year period grew 2.9 per cent to S$33.4 million compared to S$32.5 million the previous year, as revenue from the group&rsquo s new halal restaurant brand Tokyo Shukudo increased after an expanded number of outlets. This more than offset lower revenue generated by the other restaurant brands under the group&rsquo s portfolio.
Gross profit for H2 grew 3.2 per cent on-year to S$28.4 million from S$27.6 million, while the group&rsquo s gross profit margin increased 0.2 percentage point to 85.1 per cent due to price adjustments in certain menu items.
Higher other income was also recorded on the back of rental support payouts.
Selling and distribution expenses and administrative expenses both grew by 2 per cent and 22.7 per cent, respectively, mainly due to higher manpower costs.
Over H2, the group&rsquo s share of loss of associated companies grew to S$176,000 from just S$2,000 the previous year. This was attributed to higher losses incurred by its Menya Musashi brand restaurants in China and Hong Kong as a result of Covid-19 movement restriction measures which had been implemented since February 2022.
Earnings per share for H2 stood at 2.79 Singapore cents, compared to 1.91 cents the previous year.
The latest set of results brings the group&rsquo s FY2022 net profit to S$3.2 million, down 10.8 per cent from S$3.6 million in FY2021.
Revenue for the full year grew 7.1 per cent to S$54.6 million from S$51 million previously, due to the seasonally stronger second-half performance.
A final dividend of 1.35 Singapore cents per share has been proposed. Together with the interim dividend of half cent paid out in December 2021, this brings the total dividend for FY2022 to 1.85 cents per share, down from 2.5 cents in FY2021.
Commenting on the latest set of results, Japan Foods chief executive and chairman Takahashi Kenichi said the group&rsquo s performance and responses to its halal brands have been &ldquo extremely&rdquo encouraging, and that the group has put in more resources to grow this market segment.
&ldquo At the same time, we are expanding our network and brand portfolio to capture the recovery and upswing in business and leisure activities in line with the relaxation of Covid-19 restrictions,&rdquo he added.
|
||
| Useful To Me Not Useful To Me | |||
|
spursfan
Elite |
25-May-2022 13:01
|
||
|
x 0
x 0 Alert Admin |
Japan Foods FY2022 revenue rises 7.1% fueled by growing Halal segment Portfolio expands to 56 restaurants in FY2022 as compared to 50 in FY2021 led by strong growth from Halal segment which grew from two to nine restaurants over the same period Rapid expansion of Halal segment from one restaurant in November 2020 to nine restaurants as at 31 March 2022 Proposes a final dividend of 1.35 Singapore cents per share, bringing total dividend for FY2022 to 1.85 Singapore cents per share https://links.sgx.com/1.0.0/corporate-announcements/VSDAQVI4KS9MDQHV/718456_2022.05.25%20Press%20Release.pdf |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
superstartup
Elite |
15-Jul-2021 14:16
|
||
|
x 0
x 0 Alert Admin |
Enough accumulation? |
||
| Useful To Me Not Useful To Me | |||
|
superstartup
Elite |
13-Jul-2021 10:52
|
||
|
x 0
x 0 Alert Admin |
From KGI : Japan Foods Holding (JFOOD SP) rose 4.8% yesterday after RHB Research upgraded the company to a BUY from NEUTRAL and raised its TP to S$0.50 from S$0.37. The research firm increased its forecasts for the company&rsquo s profits by 9-12% for FY2023 to FY2024. We currently have an OUTPERFORM recommendation and a TP of S$0.65. Read our report published on 30 June 2021.Japan Foods Holding (JFOOD SP) rose 4.8% yesterday after RHB Research upgraded the company to a BUY from NEUTRAL and raised its TP to S$0.50 from S$0.37. The research firm increased its forecasts for the company&rsquo s profits by 9-12% for FY2023 to FY2024. We currently have an OUTPERFORM recommendation and a TP of S$0.65. Read our report published on 30 June 2021. |
||
| Useful To Me Not Useful To Me | |||
|
superstartup
Elite |
12-Jul-2021 15:34
|
||
|
x 0
x 0 Alert Admin |
Good churning. Hopefully to push above 450, heading to 500? Above 450 looks thin.
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
superstartup
Elite |
12-Jul-2021 12:39
|
||
|
x 0
x 0 Alert Admin |
Today research note by RHB.
MON, JUL 12, 2021 - 11:07 AM |
||
superstartup ( Date: 12-Jul-2021 12:17) Posted:
|
Elite
x 0
Alert Admin
KGI Research
Japan Foods Holding Ltd (JFOOD SP)
Company Update: 30 June 2021
Emerging stronger and primed for expansion
- Surviving the pandemic. FY2021&rsquo s revenue declined 25% YoY to S$51mn from S$68.4mn in FY2020. Despite the weaker top line, net profit rose 256% YoY to S$3.6mn, from S$1.0mn in FY2020. The increase in profit was attributable to other income rising to S$10.9mn from S$606k in the prior year due to government grants and rental concessions given to businesses in light of Covid.
- Never giving up. JFOODS operated 50 restaurants in Singapore as of end-March 2021, a decline from 59 as of end-March 2020. This drop was mainly due to the impact of Covid-19, in which the dip in dine-ins caused many restaurants to close. The break of dawn brings new opportunities, which the group has taken advantage of to expand into areas such as Halal-certified restaurants.
- Upgrade to OUTPERFORM and higher TP of S$0.65. For many who survived, we expect them to thrive. JFOODS is in a favourable position to grow and expand its market share given its flexible business model. We particularly like its ability to rotate among its restaurant brands and constantly bring in new concepts, supported by its rock-solid balance sheet. We thus upgrade to OUTPERFORM and raise our TP to S$0.65.
Elite
x 0
Alert Admin
RHB upgrades Japan Foods to ' buy' on relaxation of dine-in restrictions
RHB Group Research analyst Shekhar Jaiswal has upgraded Japan Foods Holdings to " buy" from " neutral" previously on the back of the relaxation of dine-in restrictions.
From July 12, groups of five &ndash up from groups of two &ndash will be allowed to eat in at food and beverage (F& B) establishments.
The gradual and selective opening of international travel is also expected to take place by the end of 2021.
On this, Jaiswal has increased Japan Foods' target price estimate to 50 cents from 37 cents, representing a 19% upside from its last-closed price.
The new target price also represents a 6% yield for the FY2022 ending March.
Jaiswal, in a July 12 report, has also raised his profit estimates for the FY2023 to FY2024 by 9% to 12%, based on its " strong balance sheet, large franchise and lower competition amidst the pandemic" .
During Covid-19, Jaiswal notes that the company has been selective in renewing its tenancy agreements. It had also reduced its restaurant count to 50 from 59 during the period.
In the FY2021, Japan Foods was able to keep its gross margins to above 84% due to its focus on raw material costs.
" While FY2021 EBIT was supported by government grants, our FY2022 already factors in a reduction in government support. It has a net cash balance of $23 million, which accounts for 33% of its market cap," writes Jaiswal.
In addition, Japan Foods will be revising its dividend policy from FY2022, where it will distribute at least 100% of the net profit attributable to equity holders, up from 50%.
" Amidst expected earnings recovery, we believe dividend yield should remain above 4.5% for its forecast years," he adds.
Jaiswal also views Japan Foods' diversification into halal offerings as one that could have " strong growth potential" for the group despite the higher operating costs.
Shares in Japan Foods closed 1 cent lower or 2.3% down at 42 cents on July 9, or 2.2 times FY2021 P/B, according to RHB' s estimates.
Elite
x 0
Alert Admin
KGI upgrades Japan Foods to ' outperform' with higher S$0.65 target price
KGI Securities has upgraded its call on Japan Foods from " neutral" to " outperform" with a higher target price of S$0.65 compared to S$0.46 previously.The move follows expectations of " better days ahead" now that the worst is over for the Catalist-listed restaurant operator, according to analyst Joel Ng in a report issued Wednesday.
Mr Ng said he believes Japan Foods is in a favourable position to grow and expand its market share given its flexible business model. Given the group' s recent FY2021 final dividend of 1.75 Singapore cents, this implies a FY2022 dividend yield of 5 per cent which he deems attractive.
The analyst particularly likes the group' s ability to rotate among its restaurant brands and constantly bring in new concepts, supported by what he calls a " rock-solid" balance sheet with a sizeable cash balance of S$23 million, which represents around 33 per cent of its current market capitalisation.
While Mr Ng does not expect the restaurant industry to completely recover to pre-Covid sales in the near term, he remains bullish on the group' s growth prospects among its peers.
The analyst highlighted a 75 per cent sequential increase in H2 FY2021 sales after Covid-19 restrictions in Singapore began to ease in June 2020 and December 2020. Additionally, he noted that the group' s gross profit margins have remained constant despite the pandemic' s onset, ranging from 84.2 per cent to 84.9 per cent from FY2019 to FY2021.
" With the break of dawn brings new opportunities, which the group has taken advantage of to expand into areas such as halal-certified restaurants&hellip For many (restaurants) who survived, we expect (Japan Foods) to thrive," commented the analyst.
He also expects the group' s halal-certified restaurants under its new Tokyo Shokudo brand to offer high growth potential.
" With the growing population in Singapore and the rise in the number of Muslims, we expect Japan Foods' halal arm to take off in the coming years and boost both the top and bottom line," added Mr Ng.
Shares of Japan Foods were trading 1.5 Singapore cents or 3.7 per cent higher at 39 cents as at 11.22am on Wednesday.
Supreme
x 0
Alert Admin
Japan Foods swings back to profitability in H2, proposes 1.75 S cents final dividend
CATALIST-LISTED restaurant operator Japan Foods returned to profitability in the second half-year ended March 31, 2021, reporting S$3.3 million in earnings as opposed to a loss of S$0.5 million in H2 FY2020.
The group has proposed a final dividend of 1.75 Singapore cents per share, up from 0.25 cent for FY2020. Together with the interim dividend of 0.75 cent per share paid out in December 2020, this brings the total dividend to 2.50 cents per share, or 120.1 per cent of FY2021 net profit.
In its results filing on Tuesday, Japan Foods attributed its improved H2 performance to the easing of dining restrictions at the end of Singapore' s " circuit-breaker" period last year.
Revenue for H2 edged up 0.5 per cent to S$32.5 million on-year from S$32.3 million, due to the end of the " circuit-breaker" period and subsequent reopening of all the group' s restaurants from June 19, 2020.
Overall group sales performance further improved when more restrictions were relaxed on Dec 28, 2020 to permit larger groups of eight to dine in, said the group.
Gross profit margin for the half-year period improved to 84.9 per cent, from 84.2 per cent the previous year.
Japan Foods noted in its results announcement that post the " circuit-breaker" period, its restaurants located in heartland malls had generated higher sales revenue over H2, while those located in the Central Business District and near the Orchard Road district had yet to recover to pre-Covid-19 levels due to lower footfalls in these areas.
Executive chairman and chief executive Takahashi Kenichi said this was because most workers were still working from home and had yet to return to their offices as at March 31 in large numbers.
" We believe that working remotely may continue to be the new norm even after the COVID-19 pandemic is over and we will seek out opportunities according to trends that emerge from this situation to drive growth for our domestic market," said Mr Kenichi.
For FY2021, the group' s earnings more than tripled year on year to S$3.6 million from S$1 million. This came despite a 25.4 per cent drop in full-year revenue to S$51 million, from S$68.4 million in FY2020, cushioned by government grants and rental concessions.
Member
x 0
Alert Admin
JB Food is not Japan Foods.
easily confused
Supreme
x 0
Alert Admin
JB Foods
Between March 1 and 2, JB Foods non-independent, non-executive director and vice-chairman Sam Goi Seng Hui acquired 222,700 shares of the listed company for a consideration of S$132,343.
At an average price of 59.4 cents per share, this increased his total interest in the major cocoa ingredients producer from 24.28 per cent to 24.35 per cent.
On Feb 25, JB Foods reported FY20 (ended Dec 31) revenue of US$417.8 million, an 18.5 per cent increase from FY19, mainly driven by higher shipment volume for the cocoa ingredients, and the increase in the average selling price of cocoa ingredients due to the increase in the price of cocoa beans.
Profit after tax of US$19.3 million was down 26.3 per cent from FY19, attributed to a lower profit margin contributed by an increase in cocoa bean costs arising from the introduction of the living income premiums in the Ivory Cost and Ghana.
Elite
x 0
Alert Admin
Supreme
x 0
Alert Admin
Japan Foods expects steady revenue but lower earnings for FY2020 due to Covid-19
WED, MAY 20, 2020 - 11:08 PM
JAPAN Foods on Wednesday said that, based on a preliminary review of its unaudited management accounts, it expects full-year revenue in FY2020 to be comparable to a year ago, but that its net profit after tax will be lower than that in FY2019.
The owner of several Japanese food and...
https://www.businesstimes.com.sg/companies-markets/japan-foods-expects-steady-revenue-but-lower-earnings-for-fy2020-due-to-covid-19
Veteran
Yells: "MoneyInTheChart com / blog"
x 0
Alert Admin
Member
x 0
Alert Admin
Waking up liao this stock. Likely to be good annual numbers.
Master
x 0
Alert Admin
Seems like that ID is trading on this stock. The CEO should give him a earful. Sell then buy...
Veteran
x 0
Alert Admin
almost back to life :)
Veteran
x 0
Alert Admin
Veteran
x 0
Alert Admin
until now yet to recieve any membership card