KANEKO SEEDS CO., LTD., June-August (1Q) Ordinary Profit Decreases by 38%

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Fri Oct 4, 2024 3:00 pm JST Earnings

1376 KANEKO SEEDS CO., LTD. 【J-GAAP】

Earnings Report

KANEKO SEEDS CO., LTD. <1376> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending May 2025 (June to August) dropped by 37.9% from the same period last year to 192 million yen. The progress rate against the 1.75 billion yen full-year plan was 11.0%, also falling below the five-year average of 19.4%.

In the most recent three-month period, from June to August (1Q), the operating profit margin worsened from 1.9% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jun - Aug, 2022	14,577	291	340	224	19.4	56.9	Oct 7, 2022	J-GAAP
Jun - Aug, 2023	13,727	258	309	208	18.2	66.6	Oct 6, 2023	J-GAAP
Jun - Aug, 2024	14,832	131	192	106	9.4	ー	Oct 4, 2024	J-GAAP
YoY	+8.0%	-49.2%	-37.9%	-49.0%	-48.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	26,540	386	464	312	27.3	11	Jan 5, 2024	J-GAAP
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	11	Jul 10, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	62,179	1,785	1,913	1,426	123.6	31	Jul 11, 2023	J-GAAP
May, 2024	61,598	1,478	1,570	1,177	103.3	33	Jul 10, 2024	J-GAAP
May, 2025 Guidance	63,500	1,650	1,750	1,200	107.3	33	Jul 10, 2024	J-GAAP
YoY	+3.1%	+11.6%	+11.5%	+2.0%	+3.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	13,727	258	309	208	18.2	1.9	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	12,813	128	155	104	9.1	1.0	Jan 5, 2024	J-GAAP
Dec - Feb, 2023	11,834	-58	-28	-53	-4.6	-0.5	Apr 3, 2024	J-GAAP
Mar - May, 2024	23,224	1,150	1,134	918	80.6	5.0	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	14,832	131	192	106	9.4	0.9	Oct 4, 2024	J-GAAP
YoY	+8.0%	-49.2%	-37.9%	-49.0%	-48.2%