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KANEKO SEEDS, First Half Ordinary Profit Increases by 32%, Sep-Nov Ordinary Profit Decreases by 46%

Wed Jan 7, 2026 1:00 pm JST Earnings

1376 KANEKO SEEDS CO., LTD. 【J-GAAP】

Earnings Report

KANEKO SEEDS CO., LTD. <1376> [TSE Std] announced its financial results in the afternoon session on January 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) expanded 0.56 billion yen, an increase 31.6% compared to the same period last year. Progress toward the full-year plan of 2.00 billion yen was 28.4%, exceeding the five-year average of 24.3%.

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 (second half) is expected to grow 16.0% from the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.12 billion yen, a 46.4% decrease compared to the same period last year. The operating profit margin worsened from 1.6% in the same period last year to 0.7%.

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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, 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 25.9 Jan 7, 2025 J-GAAP
Jun - Nov, 2025 28,838 485 567 368 33.2 28.3 Jan 7, 2026 J-GAAP
YoY +2.6% +42.6% +31.6% +36.8% +38.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance ー ー ー ー － 11 Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 28,838 485 567 368 33.2 11 Jan 7, 2026 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, 2024 36,412 1,171 1,235 931 83.0 27 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 37,662 1,415 1,433 1,132 103.2 27 Jan 7, 2026 J-GAAP
YoY +3.4% +20.8% +16.0% +21.6% +24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 61,598 1,478 1,570 1,177 103.3 33 Jul 10, 2024 J-GAAP
May, 2025 64,508 1,511 1,666 1,200 107.0 38 Jul 11, 2025 J-GAAP
May, 2026 Guidance 66,500 1,900 2,000 1,500 136.8 38 Jul 11, 2025 J-GAAP
YoY +3.1% +25.7% +20.0% +25.0% +27.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Mar - May, 2025 23,297 1,143 1,156 915 81.6 4.9 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 15,538 387 439 301 27.1 2.5 Oct 3, 2025 J-GAAP
Sep - Nov, 2025 13,300 98 128 67 6.0 0.7 Jan 7, 2026 J-GAAP
YoY +0.3% -53.1% -46.4% -58.9% -58.5%

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