KANEKO SEEDS, Jun-Feb (Cumulative 3Q) Ordinary Profit Increases by 17%, Dec-Feb Ordinary Profit Turns to Profit

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Fri Apr 4, 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 April 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) increased 17.0% from the same period last year, reaching 0.51 billion yen. However, the progress rate toward the full-year plan of 1.75 billion yen was 29.1%, almost the same as the five-year average of 30.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to May period (4Q) is expected to grow 9.3% from the same period last year, reaching 1.24 billion yen.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit/loss turned to a profit of 0.07 billion yen (compared to a loss of 0.02 billion yen in the same period last year). The operating profit/loss margin improved from -0.5% in the same period last year to 0.2%.

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
Jun - Feb, 2022	39,398	564	682	497	43.1	35.7	Apr 5, 2023	J-GAAP
Jun - Feb, 2023	38,374	328	436	259	22.7	27.8	Apr 3, 2024	J-GAAP
Jun - Feb, 2024	41,211	368	510	285	25.4	29.1	Apr 4, 2025	J-GAAP
YoY	+7.4%	+12.2%	+17.0%	+10.0%	+12.2%

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	83.2	22	Jan 7, 2025	J-GAAP
YoY	+1.0%	+20.0%	+19.3%	+7.6%	+9.7%

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
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
Dec - Feb, 2024	13,115	28	79	16	1.4	0.2	Apr 4, 2025	J-GAAP
YoY	+10.8%	－	－	－	－