Kaneko Seeds (1376) Q4 2024 earnings summary

Executive summary

• Net sales for the year ended May 31, 2024, were ¥61,598 million, down 0.9% year-over-year.

• Operating profit declined 17.2% to ¥1,478 million, and ordinary profit fell 17.9% to ¥1,570 million compared to the previous year.

• Profit attributable to owners of parent decreased 17.4% to ¥1,177 million year-over-year.

Financial highlights

• Gross profit was ¥9,456 million, slightly down from ¥9,507 million the previous year.

• Earnings per share dropped to ¥103.28 from ¥123.63 year-over-year.

• Total assets increased to ¥48,682 million from ¥46,707 million, and net assets rose to ¥24,441 million.

• Cash and cash equivalents at year-end were ¥3,265 million, up from ¥2,114 million.

• Net cash provided by operating activities was ¥2,235 million, a turnaround from a negative ¥1,590 million the previous year.

Outlook and guidance

• For the year ending May 31, 2025, net sales are forecast at ¥63,500 million, up 3.1% year-over-year.

• Operating profit is projected to rise 11.6% to ¥1,650 million, and profit attributable to owners of parent is expected to increase 1.9% to ¥1,200 million.

• Earnings per share forecasted at ¥106.20 for the next fiscal year.