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SAKATA SEED, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 6% Increase, Raises Record High Profit
1377 SAKATA SEED CORPORATION 【J-GAAP】
Earnings ReportSAKATA SEED CORPORATION <1377> [TSE Prime] announced its financial results after the market closed on January 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) expanded 7.75 billion yen, an increase 37.2% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of an 11.5% decrease.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 11.0 billion yen to 13.0 billion yen (compared to 12.3 billion yen in the previous period), record profits reach two consecutive terms, turning to a 5.6% increase in the consolidated ordinary profit outlook.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (second half) is expected to decrease 21.2% from the same period last year to 5.24 billion yen.
In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 2.88 billion yen, a 6.6% decrease compared to the same period last year. The operating profit margin decreased from 13.8% in the same period last year to 9.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2023 | 40,872 | 5,292 | 5,698 | 3,226 | 72.8 | 51.2 | Jan 12, 2024 | J-GAAP |
| Jun - Nov, 2024 | 42,325 | 5,672 | 5,650 | 5,123 | 116.8 | 45.9 | Jan 14, 2025 | J-GAAP |
| Jun - Nov, 2025 | 47,746 | 6,895 | 7,753 | 6,990 | 161.6 | 59.6 | Jan 13, 2026 | J-GAAP |
| YoY | +12.8% | +21.6% | +37.2% | +36.4% | +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 | 45,500 | 5,000 | 5,000 | 4,500 | 104.0 | 35 | Jul 14, 2025 | J-GAAP |
| Jun - Nov, 2025 Results | 47,746 | 6,895 | 7,753 | 6,990 | 161.6 | 35 | Jan 13, 2026 | J-GAAP |
| Revision Rate | +4.9% | +37.9% | +55.1% | +55.3% | +55.4% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2026 Prev | 95,500 | 11,000 | 11,000 | 9,000 | 213.0 | 75 | Jul 14, 2025 | J-GAAP |
| May, 2026 New | 101,000 | 12,500 | 13,000 | 10,000 | 236.6 | 75 | Jan 13, 2026 | J-GAAP |
| Revision Rate | +5.8% | +13.6% | +18.2% | +11.1% | +11.1% |
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 | 50,595 | 6,585 | 6,661 | 4,588 | 105.2 | 45 | Jul 14, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 53,254 | 5,605 | 5,247 | 3,010 | 71.2 | 40 | Jan 13, 2026 | J-GAAP |
| YoY | +5.3% | -14.9% | -21.2% | -34.4% | -32.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 88,677 | 10,495 | 11,124 | 16,162 | 365.2 | 65 | Jul 12, 2024 | J-GAAP |
| May, 2025 | 92,920 | 12,257 | 12,311 | 9,711 | 222.6 | 75 | Jul 14, 2025 | J-GAAP |
| May, 2026 Guidance | 101,000 | 12,500 | 13,000 | 10,000 | 236.6 | 75 | Jan 13, 2026 | J-GAAP |
| YoY | +8.7% | +2.0% | +5.6% | +3.0% | +6.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Nov, 2024 | 21,337 | 2,943 | 3,092 | 3,996 | 91.1 | 13.8 | Jan 14, 2025 | J-GAAP |
| Dec - Feb, 2024 | 24,084 | 3,304 | 3,703 | 2,694 | 61.6 | 13.7 | Apr 8, 2025 | J-GAAP |
| Mar - May, 2025 | 26,511 | 3,281 | 2,958 | 1,894 | 43.4 | 12.4 | Jul 14, 2025 | J-GAAP |
| Jun - Aug, 2025 | 23,005 | 4,462 | 4,866 | 3,637 | 84.1 | 19.4 | Oct 7, 2025 | J-GAAP |
| Sep - Nov, 2025 | 24,741 | 2,433 | 2,887 | 3,353 | 77.5 | 9.8 | Jan 13, 2026 | J-GAAP |
| YoY | +16.0% | -17.3% | -6.6% | -16.1% | -14.9% |
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