Kaneko Seeds (1376) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 net sales rose 1.0% YoY to ¥15,695 million; operating profit rose 6.5% to ¥412 million and profit attributable to owners of parent rose 77.5% to ¥535 million.

• Comprehensive income was ¥866 million, compared with ¥582 million a year earlier.

Financial highlights

• Gross profit was ¥2,505.5 million versus ¥2,434.1 million YoY; SG&A increased to ¥2,092.9 million from ¥2,046.5 million.

• Ordinary profit was ¥493 million, up 12.1% YoY; reported profit before income taxes was ¥797.0 million versus ¥439.9 million.

• Reported net income included a ¥330.3 million gain on sale of investment securities and ¥26.5 million in losses on disposal of non-current assets.

Outlook and guidance

• FY ending May 31, 2027 forecast: net sales ¥70,000 million, operating profit ¥2,000 million, ordinary profit ¥2,100 million, parent-attributable profit ¥1,650 million and EPS ¥150.46.

• Forecast YoY changes are 3.3% for sales, 14.3% for operating profit, 13.7% for ordinary profit and 24.5% for parent-attributable profit; forecasts were unchanged.