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

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 8,000 185.0 65 Jul 12, 2024 J-GAAP
YoY +5.4% +4.8% -1.1% -50.5% -49.4%

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%

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