Sakata Seed (1377) Q2 2026 earnings summary

Executive summary

• Sales for Q2FY2026 rose 12.8% year-over-year to ¥47,746 million, with net profit up 36.4% to ¥6,990 million and operating profit up 21.6% to ¥6,895 million.

• Comprehensive income surged to ¥10,673 million from ¥941 million year-over-year, reflecting strong operational and non-operational gains.

• Growth was driven by strong overseas wholesale performance and robust vegetable seed sales.

Financial highlights

• Gross profit grew 13.3% year-over-year to ¥31,053 million, with a gross margin of 65.0%.

• Basic earnings per share rose to ¥161.62 from ¥116.84 year-over-year.

• SGA expenses increased 11.1% to ¥24,157 million, mainly due to higher personnel and research costs.

• Total assets grew to ¥204,477 million as of November 30, 2025, up from ¥190,986 million at the previous fiscal year-end.

• Net assets increased to ¥170,520 million, with an equity-to-asset ratio of 83.2%.

Outlook and guidance

• Full-year sales forecast set at ¥101,000 million, with net profit guidance of ¥10,000 million and operating profit forecast of ¥12,500 million.

• Basic earnings per share for the full year is forecast at ¥231.22.

• Dividend forecast for the fiscal year ending May 31, 2026, is ¥75.00 per share, unchanged from the previous year.