SEED, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 47% Decrease

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Fri Feb 7, 2025 3:30 pm JST Earnings

7743 SEED CO.,LTD. 【J-GAAP】

Earnings Report

SEED CO.,LTD. <7743> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.7% from the same period last year to 1.19 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 47.6%, from the previous forecast of 2.1 billion yen to 1.1 billion yen (compared to 2.05 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 46.6% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 74.9%, from the previous forecast of 1.33 billion yen to 0.33 billion yen (compared to 0.69 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 51.4% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.43 billion yen, a 0.9% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 4.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	22,675	809	801	269	10.8	144.6	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	24,128	1,818	1,803	1,234	49.3	87.6	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	25,188	1,267	1,196	825	27.3	108.7	Feb 7, 2025	J-GAAP
YoY	+4.4%	-30.3%	-33.7%	-33.1%	-44.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	19,172	1,326	1,336	852	28.2	15	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	16,172	326	336	202	6.7	15	Feb 7, 2025	J-GAAP
Revision Rate	-15.6%	-75.4%	-74.9%	-76.3%	-76.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	36,000	2,200	2,100	1,400	46.3	15	May 13, 2024	J-GAAP
Mar, 2025 New	33,000	1,200	1,100	750	24.8	15	Feb 7, 2025	J-GAAP
Revision Rate	-8.3%	-45.5%	-47.6%	-46.4%	-46.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	16,449	743	692	1,138	44.9	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,172	326	336	202	6.7	15	Feb 7, 2025	J-GAAP
YoY	-1.7%	-56.1%	-51.4%	-82.2%	-85.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,593	629	554	-316	-12.6	12	May 12, 2023	J-GAAP
Mar, 2024	32,396	2,050	2,059	1,964	77.4	15	May 13, 2024	J-GAAP
Mar, 2025 Guidance	33,000	1,200	1,100	750	24.8	15	Feb 7, 2025	J-GAAP
YoY	+1.9%	-41.5%	-46.6%	-61.8%	-68.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,181	511	436	408	16.3	6.2	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	8,268	232	256	730	28.8	2.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	8,277	410	507	359	11.9	5.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	8,551	464	257	189	6.3	5.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	8,360	393	432	277	9.2	4.7	Feb 7, 2025	J-GAAP
YoY	+2.2%	-23.1%	-0.9%	-32.1%	-43.9%