Sakata Seed (1377) Q1 2025 earnings summary

Executive summary

• Net sales rose 9.5% year-over-year to ¥20,988 million for the three months ended August 31, 2024.

• Operating profit increased 16.8% year-over-year to ¥2,729 million.

• Ordinary profit declined 16.3% year-over-year to ¥2,558 million, and profit attributable to owners of parent dropped 42.5% to ¥1,127 million.

Financial highlights

• Gross profit improved to ¥13,913 million from ¥11,819 million year-over-year.

• Comprehensive income decreased to ¥5,217 million from ¥9,077 million year-over-year.

• Total assets remained stable at ¥192,771 million as of August 31, 2024.

• Equity ratio increased to 84.8% from 83.1% at the previous fiscal year-end.

• Earnings per share fell to ¥25.71 from ¥44.19 year-over-year.

Outlook and guidance

• Full-year net sales forecast at ¥93,500 million, up 5.4% year-over-year.

• Full-year operating profit projected at ¥11,000 million, up 4.8% year-over-year.

• Profit attributable to owners of parent expected to decrease 1.1% to ¥8,000 million.

• Full-year EPS forecast at ¥182.44.

• No revision to the latest forecast of consolidated financial results.