On the 8th, STI Food Holdings <2932> announced its consolidated financial results for the second quarter of the fiscal year ending December 2024 (January-June 2024). The revenue increased by 12.5% YoY to 16.694 billion yen, the operating profit increased by 44.1% YoY to 1.491 billion yen, the ordinary profit increased by 39.2% YoY to 1.495 billion yen, and the net income attributable to the parent company's shareholders increased by 46.9% YoY to 1.01 billion yen.

The company group has set out the basic principles of "sustainable raw materials and manufacturing", "reducing food loss", "consideration for the environment", "consistent vertical integration from raw material procurement to manufacturing and sales", and "efforts to promote healthy eating and fish culture", and is working towards achieving medium to long-term corporate value and sustainable growth. As a food manufacturer, the group has been working on the important mission of ensuring the safety and security of consumers and employees by continuing to maintain stable production and supply.

On the sales side, the staple products of grilled fish and cup-delis for Seven-Eleven daily food have increased their sales volume compared to the same period last year, and the "mackerel miso stew", which has been gradually expanding the area since it began sales from the Kanto region in January 2024, became available for nationwide sale from May. In addition, the new cup deli product "squid and shrimp broccoli olive oil" has been on sale nationwide since June.

On the same day, the company also announced an upward revision of its consolidated performance forecast for the fiscal year ending December 2024. The revenue is expected to increase by 10.1% YoY (compared to the previous forecast of 2.9% YoY) to 35 billion yen, the operating profit is expected to increase by 21.4% YoY (compared to the previous forecast of 16.7% YoY) to 2.8 billion yen, the ordinary profit is expected to increase by 20.2% YoY (compared to the previous forecast of 16.7% YoY) to 2.8 billion yen, and the net income attributable to the parent company's shareholders is expected to increase by 15.2% YoY (compared to the previous forecast of 12.5% YoY) to 1.8 billion yen.

In addition, the company announced that it will increase the year-end dividend for the fiscal year ending December 2024 from the previous forecast of 50.00 yen per share to 70.00 yen per share, taking into account the revision of the consolidated performance forecast.