Net sales were 5,271 million yen (up 9.9% year over year), operating income 39 million yen, ordinary income 49 million yen, and net income attributable to owners of parent 37 million yen for the quarter. Under mid-term plan, we are promoting nursery business expansion and new product development. Segments: Vegetables seedlings and seedling-related activities performed well, while Agricultural supplies and retail showed fluctuations.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"1383","jir_company_name":"VergeEarth Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/1383-20260914-01.pdf","jir_short_summary":"Net sales were 5,271 million yen (up 9.9% year over year), operating income 39 million yen, ordinary income 49 million yen, and net income attributable to owners of parent 37 million yen for the quarter. Under mid-term plan, we are promoting nursery business expansion and new product development. Segments: Vegetables seedlings and seedling-related activities performed well, while Agricultural supplies and retail showed fluctuations.","jir_summary":"### Section heading\nThis period, under the mid-term management plan, we are promoting nursery business expansion and new product development. The vegetable seedling and seedling-related business benefited from the consolidation of PSP Co., Ltd. and year-round operation at Tsuruza Farm, increasing production capacity and boosting sales. While raw material costs and labor costs rose, profits improved through appropriate price pass-through and in-house production push. Retail aims to increase customer visits through planned exhibitions and sales, though some revenue declined.\n\n### Section 2 heading\nThe financial position improved mainly due to higher cash and higher inventories, leading to an increase in total assets. Liabilities rose, but net assets also increased. The full-year outlook for the fiscal year ending October 2026 is unchanged from the previous announcement. Current results are on track with the mid-term plan, and further improvement in earnings is expected through strengthened production systems and market expansion.","jir_financial_highlights":"Net sales: 5,271,238 thousand yen (YoY +9.9%)\nOperating income: 39,161 thousand yen (YoY \u25b3220,232 thousand yen \u2192 turned positive)\nOrdinary income: 49,050 thousand yen (YoY \u25b3212,966 thousand yen \u2192 turned positive)\nNet income attributable to owners of parent: 37,210 thousand yen (YoY \u25b370,803 thousand yen \u2192 turned positive)\nTotal assets: 6,634,744 thousand yen (YoY +575,977 thousand yen)\nEquity ratio: 32.4% (Lower than 34.9% at the end of the previous term)","jir_category":"","jir_hashtags":"#VergeEarth, #FinancialResult, #NurseryBusinessExpansion","jir_key_figures":"Net sales: 5,271,238 thousand yen\uff08YoY +9.9%\uff09\nOperating income: 39,161 thousand yen (turned positive)\nNet income attributable to owners of parent: 37,210 thousand yen (turned positive)","jir_meta_title":"\u3010VergeEarth\u3011Q3 Summary and Outlook\uff5cFY2026 Oct","jir_meta_description":"VergeEarth Q3 summary for the FY2026 Oct term. Net sales 5,271 million yen, operating income 39 million yen, net income 37 million yen turned positive. Promoting nursery business expansion and new product development.","jir_og_title":"VergeEarth Q3 Financial Summary and Outlook","jir_og_description":"VergeEarth Q3 results show net sales of 5,271 million yen with a move to profitability. In line with the mid-term plan, expanding nursery business and developing new products.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":59987,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-113737","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n