SAKATA SEED CORPORATION, June-August (1Q) Ordinary Profit Decreases by 16%

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Fri Oct 4, 2024 3:00 pm JST Earnings

1377 SAKATA SEED CORPORATION 【J-GAAP】

Earnings Report

SAKATA SEED CORPORATION <1377> [TSE-P] 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) decreased by 16.2% from the same period last year to 2.55 billion yen. The progress rate against the 5 billion yen plan for the six months ending November (first half) was 51.2%, below the five-year average of 60.1%.

In the most recent three-month period, from June to August (1Q), the operating profit margin rose from 12.2% in the same period last year to 13.0%.

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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	17,736	2,467	3,217	2,098	47.3	49.4	Oct 7, 2022	J-GAAP
Jun - Aug, 2023	19,163	2,335	3,054	1,959	44.2	53.6	Oct 6, 2023	J-GAAP
Jun - Aug, 2024	20,988	2,729	2,558	1,127	25.7	51.2	Oct 4, 2024	J-GAAP
YoY	+9.5%	+16.9%	-16.2%	-42.5%	-41.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	40,872	5,292	5,698	3,226	72.8	25	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	45,000	5,200	5,000	3,500	79.8	30	Jul 12, 2024	J-GAAP
YoY	+10.1%	-1.7%	-12.2%	+8.5%	+9.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	77,263	10,918	12,304	9,489	214.0	55	Jul 14, 2023	J-GAAP
May, 2024	88,677	10,495	11,124	16,162	365.2	65	Jul 12, 2024	J-GAAP
May, 2025 Guidance	93,500	11,000	11,000	8,000	182.4	65	Jul 12, 2024	J-GAAP
YoY	+5.4%	+4.8%	-1.1%	-50.5%	-50.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	19,163	2,335	3,054	1,959	44.2	12.2	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	21,709	2,957	2,644	1,267	28.6	13.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	18,844	2,749	2,883	2,080	46.9	14.6	Apr 5, 2024	J-GAAP
Mar - May, 2024	28,961	2,454	2,543	10,856	245.3	8.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	20,988	2,729	2,558	1,127	25.7	13.0	Oct 4, 2024	J-GAAP
YoY	+9.5%	+16.9%	-16.2%	-42.5%	-41.8%