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

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%.

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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 83.6 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
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% － － － －

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