Kaneko Seeds (1376) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended November 30, 2024, rose 5.9% year-over-year to ¥28,096 million.

• Operating profit declined 11.9% year-over-year to ¥340 million, and ordinary profit fell 7.1% to ¥431 million.

• Profit attributable to owners of parent decreased 13.7% year-over-year to ¥269 million.

• Earnings per share for the period were ¥24.00, down from ¥27.32 in the prior year.

Financial highlights

• Gross profit increased to ¥4,316 million from ¥4,249 million year-over-year.

• Selling, general and administrative expenses rose to ¥3,975 million from ¥3,862 million.

• Comprehensive income surged to ¥397 million from ¥280 million year-over-year, driven by gains in valuation of available-for-sale securities.

• Total assets decreased to ¥42,741 million as of November 30, 2024, from ¥48,683 million as of May 31, 2024.

• Net assets remained stable at ¥24,466 million, with an equity ratio of 57.2%.

Outlook and guidance

• Full-year net sales forecasted at ¥63,500 million, up 3.1% year-over-year.

• Operating profit projected to reach ¥1,650 million, up 11.6% year-over-year.

• Profit attributable to owners of parent expected at ¥1,200 million, up 11.4% year-over-year.

• Full-year earnings per share forecasted at ¥106.20.

• Annual dividend forecast maintained at ¥33.00 per share.