Sakata Seed Corporation
Fiscal 2027 First Quarter Financial Summary [Japanese GAAP] (Consolidated)
Consolidated results for the first quarter of the fiscal year ending May 2027. Net sales were 24,670 million yen, up 7.2% year-over-year; operating income was 3,387 million yen, down -24.1%; ordinary income was 3,671 million yen, down -24.6%; quarterly net income attributable to owners of parent was 2,239 million yen, down -38.4%. Full-year forecasts are unchanged. By segment, domestic wholesale posted revenue growth, overseas wholesale saw higher external sales but profit decline due to increased costs, and retail/other showed stabilization and improvement trends.
Key Figures
- Net Sales: 24,670 million yen (YoY +7.2%)
- Operating Income: 3,387 million yen (YoY -24.1%)
- Quarterly Net Income Attributable to Owners of Parent: 2,239 million yen (YoY -38.4%)
- Earnings per Share: 53.03 yen
- Full-year Forecast: Net Sales 110,000 million yen, Operating Income 13,500 million yen, Net Income 10,000 million yen (Quarterly forecast: 94.65 yen)
AI要約
Overview of Performance
Net sales for the quarter increased to 24,670 million yen; however, operating income, ordinary income, and net income declined compared with the prior year due to higher expenses including the impact of foreign exchange and increased personnel costs. By segment, domestic wholesale performed steadily, while overseas wholesale saw higher external sales but profit was squeezed partly due to currency translation effects. Retail continued to be affected by weak market factors. The initial full-year earnings forecast remains unchanged.
Segment Trends and Outlook
Domestic wholesale saw revenue growth driven by vegetables, supplies, and flowers. Overseas wholesale decreased on a local-currency basis but increased on a yen-converted basis, with improvements in North America and EMEA while some areas in South America and Asia Pacific faced declines. Retail experienced revenue declines due to weather and inflationary pressures but showed improving profitability. Overall, foreign exchange impacts and rising costs overseas constrained earnings. Going forward, exchange rate movements and improved cost control will be key focus areas.
Sakata Seed Corporation
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