Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

<ul><li>On April 14, S Foods (2292, the company) announced FY2/22 sales of 358.8bn yen (+9.6% YoY) and OP of 17.4bn yen (+38.2% YoY, OPM 4.9%)</li><li>The company's full-year guidance for FY2/23 is sales of 375.0bn yen (+4.5% YoY), OP of 14.8bn yen (-15.1% YoY; OPM 3.9%), and NP of 10.0bn yen (-16.3% YoY)</li><li>The company's strong performance in the U.S. should make it a relatively strong performer among major meatpackers.</li></ul>

On April 14, S Foods (2292, the company) announced FY2/22 sales of 358.8bn yen (+9.6% YoY) and OP of 17.4bn yen (+38.2% YoY, OPM 4.9%)The company's full-year guidance for FY2/23 is sales of 375.0bn yen (+4.5% YoY), OP of 14.8bn yen (-15.1% YoY; OPM 3.9%), and NP of 10.0bn yen (-16.3% YoY)The company's strong performance in the U.S. should make it a relatively strong performer among major meatpackers.

S Foods (2292): Record Profits in FY2/22; FY2/23 Guidance Calls for NP of 10bn Yen and Dividend Hike

S Foods Inc

S Foods (2292): Record Profits in FY2/22; FY2/23 Guidance Calls for NP of 10bn Yen and Dividend Hike