Sakata Seed (1377) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended November 30, 2024, rose 3.6% year-over-year to ¥42,325 million, with operating profit up 7.2% to ¥5,672 million.

• Profit attributable to owners of parent surged 58.8% year-over-year to ¥5,123 million.

• Comprehensive income dropped sharply to ¥941 million, down 91.7% from the prior year.

Financial highlights

• Gross profit increased to ¥27,417 million from ¥24,895 million year-over-year.

• Ordinary profit was ¥5,650 million, nearly flat compared to ¥5,698 million a year earlier.

• Basic earnings per share rose to ¥116.84 from ¥72.75 year-over-year.

• Total assets decreased to ¥188,578 million from ¥192,717 million as of May 31, 2024.

• Net cash provided by operating activities fell to ¥2,369 million from ¥6,443 million year-over-year.

Outlook and guidance

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

• Operating and ordinary profit both forecast at ¥11,000 million, up 4.8% and down 1.1% year-over-year, respectively.

• Profit attributable to owners of parent projected at ¥9,000 million, down 44.3% year-over-year.

• Basic earnings per share for the full year forecast at ¥205.25.