Sakata Seed (1377) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 net sales rose 7.2% YoY to ¥24,670m, while operating profit fell 24.1% to ¥3,387m and profit attributable to owners of parent fell 38.4% to ¥2,239m.

• Overseas wholesale sales grew 7.5%, but operating profit declined 27.1%, weighing on consolidated results.

• Total assets were ¥221,560m at August 31, 2026, with an equity-to-asset ratio of 82.1%.

Financial highlights

• Gross profit rose 3.2% YoY to ¥16,567m from ¥16,045m; SG&A increased 13.8% to ¥13,180m from ¥11,583m, and operating profit declined ¥1,074m.

• Ordinary profit fell 24.6% YoY to ¥3,671m; profit attributable to owners of parent fell 38.4% to ¥2,239m.

• Comprehensive income was ¥6,100m versus ¥4,726m, supported by ¥3,852m of other comprehensive income.

Outlook and guidance

• FY2027 forecast: net sales ¥110,000m (+10.0%), operating profit ¥13,500m (+2.9%), ordinary profit ¥13,500m (-5.5%), and parent profit ¥10,000m (-17.8%).

• H1 FY2027 forecast: net sales ¥52,500m (+5.5%), operating profit ¥6,000m (-12.8%), ordinary profit ¥5,500m (-28.9%), and parent profit ¥4,000m (-42.7%).

• Forecast EPS is ¥236.63 for FY2027 and ¥94.65 for H1; actual results may differ significantly from forecasts.