kabutan

KANEKO SEEDS, Sep-Nov (2Q) Ordinary Profit Increases by 54%

Tue Jan 7, 2025 3:30 pm JST Earnings

1376 KANEKO SEEDS CO., LTD. 【J-GAAP】

Earnings Report

KANEKO SEEDS CO., LTD. <1376> [TSE Std] announced its financial results after the market closed on January 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 7.1% from the same period last year to 0.43 billion yen. The progress rate toward the full-year plan of 1.75 billion yen was 24.6%, almost the same as the five-year average of 21.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to grow 19.3% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 54.2% from the same period last year, reaching 0.23 billion yen. The operating profit margin improved from 1.0% in the same period last year to 1.6%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2022 28,276 534 598 441 38.2 31.3 Jan 5, 2023 J-GAAP
Jun - Nov, 2023 26,540 386 464 312 27.3 29.6 Jan 5, 2024 J-GAAP
Jun - Nov, 2024 28,096 340 431 269 24.0 24.6 Jan 7, 2025 J-GAAP
YoY +5.9% -11.9% -7.1% -13.8% -12.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance ー ー ー ー － 11 Jul 10, 2024 J-GAAP
Jun - Nov, 2024 Results 28,096 340 431 269 24.0 11 Jan 7, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 35,058 1,092 1,106 865 75.9 22 Jul 10, 2024 J-GAAP
Dec - May, 2024 Guidance 35,404 1,310 1,319 931 83.6 22 Jan 7, 2025 J-GAAP
YoY +1.0% +20.0% +19.3% +7.6% +10.1%

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 1,200 107.7 33 Jul 10, 2024 J-GAAP
YoY +3.1% +11.6% +11.5% +2.0% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Sep - Nov, 2024 13,264 209 239 163 14.5 1.6 Jan 7, 2025 J-GAAP
YoY +3.5% +63.3% +54.2% +56.7% +59.6%

Related Articles