Sakata Seed (1377) Q4 2024 earnings summary

Executive summary

• Net sales rose 14.8% year-over-year to ¥88,677 million for the year ended May 31, 2024, with profit attributable to owners of parent up 70.3% to ¥16,162 million.

• Operating profit declined 3.9% to ¥10,495 million, and ordinary profit decreased 9.6% to ¥11,124 million compared to the previous year.

• Comprehensive income surged to ¥26,975 million, up from ¥14,880 million in the prior year.

Financial highlights

• Gross profit increased to ¥53,973 million from ¥47,519 million year-over-year.

• Total assets grew to ¥192,717 million from ¥160,715 million, and net assets rose to ¥160,533 million.

• Cash flows from operating activities were ¥6,966 million, down from ¥8,351 million; cash and cash equivalents at period end were ¥20,264 million.

• Annual dividend per share increased to ¥65.00, with a payout ratio of 25.7%.

Outlook and guidance

• For the year ending May 31, 2025, net sales are forecast at ¥93,500 million, up 5.4% year-over-year.

• Operating profit is projected at ¥11,000 million (+4.8%), and profit attributable to owners of parent at ¥8,000 million (-50.5%).

• Earnings per share forecast at ¥182.44 for the full year.