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Kaneko Seeds (1376) · RiskRestatedLatest Earnings (2026-10-05): "Softened"

Sluggish demand for home gardening supplies

First written in FY2017-Q2. 14 of 34 entries say "Worsened", first in FY2018-Q2. Latest entry: 2026-10-05.

34entries
10years
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ProgressHeldSoftenedWorseWorsenedFY2018-Q2 – FY2019MitigatedFY2021-Q1 – FY2022-Q3WorsenedFY2023-Q1 – FY2024-Q22017: 320172018: 420182019: 420192020: 420202021: 320212022: 420222023: 320232024: 220242025: 220252026: 52026
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Sluggish demand for home gardening suppliesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. 2026-10-05SoftenedEarnings

    「Although demand for flower and vegetable seedlings was showing signs of recovery, demand for horticultural pesticides declined due to unfavorable weather. As a result, revenue was ¥1,431 million, down 1.4% year on year.」

    While demand for flower and vegetable seedlings showed signs of recovery, the flower business recorded lower revenue due to declining demand for horticultural pesticides.
  2. FY2026RestatedAnnual report

    「In the horticulture business, shipments of flower seedlings for home use declined, as did demand for home gardening materials and horticultural pesticides, resulting in net sales of ¥8,345 million, down 0.9% year on year.」

    While demand for flower seedlings for home use, home gardening materials and horticultural pesticides continued to decline, profitability improved through a review of the product mix and greater operational efficiency.
  3. FY2026-H1Revenue Decline and Reduced LossesAnnual report

    「In the horticulture business, sluggish demand for home gardening products caused sales of flower seedlings for home use and horticultural pesticides to decline, resulting in net sales of ¥3,073 million, down 2.5% year on year. On the earnings front, segment loss narrowed to ¥78 million, compared with a segment loss of ¥138 million in the same period of the previous year, as the product mix was reviewed and operational efficiency improved.」

    Although lower demand for home gardening products continued to weigh on revenue, the segment loss narrowed from ¥138 million to ¥78.23 million through a review of the product mix and greater operational efficiency.
  4. FY2025WorsenedAnnual report

    「In the horticulture business, sales of flower seedlings for home use and home gardening materials declined due to continued sluggish demand for home gardening products and a tendency to defer purchases, particularly of higher-priced products, as various merchandise categories became more expensive. Net sales fell 6.0% year on year to ¥8,417 million. On the earnings front, the business posted a segment loss of ¥2 million, compared with segment profit of ¥84 million in the same period of the previous year.」

    In addition to sluggish demand for home gardening products, purchases of higher-priced products were deferred, resulting in lower revenue in the horticulture business and a shift from profit in the same period of the previous year to a loss.
  5. FY2025-H1WorsenedAnnual report

    「In the horticulture business, demand remained sluggish after stay-at-home consumption subsided, causing sales of flower seedlings for home use and home gardening materials to decline. Net sales fell 2.8% year on year to ¥3,153 million, while segment loss widened to ¥138 million, compared with a segment loss of ¥97 million in the same period of the previous year.」

    Continued sluggish home gardening demand after stay-at-home consumption subsided resulted in lower sales of flower seedlings for home use and home gardening materials and a wider loss.
  6. FY2024-Q3RestatedAnnual report

    「In the horticulture business, sales of bulbs and gardening materials declined as stay-at-home consumption subsided. However, sales of lisianthus seeds and carnation seedlings for commercial growers, as well as horticultural pesticides and flower and vegetable seedlings for home gardening, increased, resulting in net sales of ¥4,317 million, up 0.9% year on year.」

    Although the decline in sales of bulbs and gardening materials resulting from the subsiding of stay-at-home consumption continued, growth in other product groups resulted in higher overall revenue in the horticulture business.
  7. FY2024-Q2WorsenedAnnual report

    「In the horticulture business, sales of lisianthus seeds and carnation seedlings for commercial growers, as well as flower and vegetable seedlings and horticultural pesticides for home gardening, increased. However, sales of bulbs and gardening materials declined as stay-at-home consumption subsided, resulting in net sales of ¥3,245 million, down 0.2% year on year.」

    Although sales of products for commercial growers, home-gardening seedlings and horticultural pesticides increased, sales of bulbs and gardening materials declined as stay-at-home consumption subsided, resulting in lower revenue in the horticulture business.
  8. FY2024-Q1WorsenedAnnual report

    「In the horticulture business, sales of carnation seedlings and lisianthus seeds for commercial growers, as well as horticultural pesticides, increased. However, sales of gardening materials and fertilizers, flower seedlings and vegetable seedlings for general households remained sluggish due to the reactionary decline following stay-at-home demand and the impact of extreme heat. Net sales were ¥1,606 million, down 1.3% year on year. On the earnings front, segment loss widened to ¥47 million, compared with a segment loss of ¥17 million in the same quarter of the previous year.」

    Although sales of seedlings for commercial growers and horticultural pesticides increased, sales of gardening materials, fertilizers and seedlings for general households remained sluggish due to the reactionary decline following stay-at-home demand and extreme heat, resulting in lower revenue and a wider loss.
  9. FY2023WorsenedAnnual report

    「The reactionary decline following COVID-19 stay-at-home demand and the transfer of sales channels for some products resulted in net sales of ¥9,178 million, down 1.6% year on year. On the earnings front, segment profit fell 15.3% year on year to ¥135 million due to lower gross profit from the decline in revenue and higher domestic and overseas travel expenses.」

    The reactionary decline following stay-at-home demand and the transfer of sales channels continued, resulting in a 1.6% decline in revenue and a 15.3% decline in segment profit in the horticulture business.
  10. FY2023-Q2WorsenedAnnual report

    「In the horticulture business, sales of carnation seedlings and lisianthus seeds to commercial growers increased, while advance orders for fertilizers ahead of price increases and original growing media for seedling production also increased. However, the reactionary decline following COVID-19 stay-at-home demand and the transfer of sales channels for some products to other companies resulted in net sales of ¥3,253 million, down 7.0% year on year.」

    Although sales of carnation seedlings and other products increased, the horticulture business saw a 7.0% decline in revenue due to the reactionary decline following stay-at-home demand and the transfer of sales channels.
  11. FY2023-Q1WorsenedAnnual report

    「In the horticulture business, sales of lisianthus seeds to commercial growers increased. However, the reactionary decline following COVID-19 stay-at-home demand and the transfer of sales channels for some products to other companies resulted in net sales of ¥1,627 million, down 9.4% year on year.」

    Although sales of lisianthus seeds increased, the horticulture business saw a 9.4% decline in revenue due to the reactionary decline following stay-at-home demand and the transfer of sales channels for some products.
  12. FY2022Shifts in demand by product categoryAnnual report

    「In the horticulture business, sales of flower seedlings increased substantially, while gardening goods and fertilizers also performed well. However, sales of horticultural pesticides declined due to lost spraying opportunities caused by prolonged summer rainfall and some major customers changing suppliers for certain products, resulting in net sales of ¥9,329 million, down 1.5% year on year. Segment profit also fell 2.5% year on year to ¥160 million.」

    While flower seedlings, gardening goods and fertilizers performed well, sales of horticultural pesticides declined due to prolonged rainfall and major customers changing suppliers, resulting in a shift in demand factors.
  13. FY2022-Q3MitigatedAnnual report

    「In the horticulture business, sales of flower seedlings increased substantially on stay-at-home demand arising from the COVID-19 pandemic, and gardening materials also performed well. However, sales of horticultural pesticides declined due to prolonged summer rainfall and the transfer of sales channels for some products to other companies, resulting in net sales of ¥4,514 million, down 1.4% year on year. On the earnings front, segment loss narrowed to ¥130 million, compared with a segment loss of ¥221 million in the same period of the previous year, due to efforts to improve operational efficiency.」

    Although net sales declined, the segment loss narrowed from ¥221 million in the same period of the previous year to ¥130 million due to strong sales of flower seedlings and gardening materials and greater operational efficiency.
  14. FY2022-Q2MitigatedAnnual report

    「In the horticulture business, sales of horticultural pesticides and other products remained sluggish because prolonged rainfall in August hindered outdoor work. However, planters and gardening fertilizers performed well on stay-at-home demand arising from restrictions on outings during the COVID-19 pandemic, and sales of flower seedlings increased, resulting in net sales of ¥3,497 million, up 2.5% year on year. On the earnings front, segment loss widened to ¥75 million, compared with a segment loss of ¥65 million in the same period of the previous year, partly because the profitability of horticultural pesticides declined.」

    Although sales of horticultural pesticides were sluggish due to prolonged rainfall, sales of planters, gardening fertilizers and flower seedlings increased on stay-at-home demand, partly easing the decline in demand for home gardening materials.
  15. FY2021MitigatedAnnual report

    「In the horticulture business, demand for home gardening and vegetable gardening expanded on stay-at-home demand arising from restrictions on outings during the COVID-19 pandemic. Sales of young plants increased, led by flower seedlings, while sales of gardening materials also remained solid. As a result, net sales rose 12.0% year on year to ¥9,471 million, and segment profit increased 176.0% year on year to ¥164 million.」

    Against the backdrop of previously sluggish demand for home gardening, expanded demand for home gardening and vegetable gardening due to stay-at-home demand resulted in higher revenue and profit in the horticulture business.
  16. FY2021-Q3MitigatedAnnual report

    「In the horticulture business, sales increased as stay-at-home demand arising from restrictions on outings during the COVID-19 pandemic also emerged in the home gardening and vegetable gardening fields, and the company's products were adopted by customers to a relatively significant extent. Net sales rose 15.4% year on year to ¥4,580 million. On the earnings front, segment loss narrowed to ¥221 million, compared with a segment loss of ¥244 million in the same period of the previous year.」

    The emergence of demand in the home gardening and vegetable gardening fields and the adoption of the company's products resulted in higher revenue, while the horticulture business's segment loss narrowed year on year.
  17. FY2021-Q2MitigatedAnnual report

    「In the horticulture business, the number of people taking up home gardening, an activity that could be enjoyed at home during restrictions on outings amid the COVID-19 pandemic, increased, expanding demand for home gardening and vegetable gardening. Active sales initiatives also bore fruit, resulting in net sales of ¥3,412 million, up 16.3% year on year. On the earnings front, segment loss narrowed to ¥65 million, compared with a segment loss of ¥106 million in the same period of the previous year.」

    Against the backdrop of previously sluggish demand for home gardening materials, expanded demand for home gardening and vegetable gardening due to restrictions on outings resulted in higher revenue, while segment loss also narrowed.
  18. FY2021-Q1MitigatedAnnual report

    「In the horticulture business, demand for home gardening and vegetable gardening expanded as restrictions on outings during the COVID-19 pandemic increased demand for activities at home. The company's product proposals were also adopted by customers to a relatively significant extent, resulting in net sales of ¥1,803 million, up 24.3% year on year. On the earnings front, segment loss narrowed to ¥48 million, compared with a segment loss of ¥71 million in the same quarter of the previous year.」

    Against the backdrop of previously sluggish demand for home gardening materials, expanded demand for home gardening and vegetable gardening due to restrictions on outings resulted in higher revenue in the horticulture business and a narrower loss.
  19. FY2020Profit recoveryAnnual report

    「In the horticulture business, demand for home vegetable gardening, which can be enjoyed at home even during restrictions on outings amid the COVID-19 pandemic, increased toward the end of the fiscal year. Overall, however, sluggish demand for home gardening products and weak sales at major customers also weighed on results, resulting in net sales of ¥8,455 million, down 2.1% year on year. On the earnings front, segment profit rose 351.8% year on year to ¥59 million, partly due to efforts to improve operational efficiency.」

    Although sluggish demand for home gardening products continued, segment profit recovered to ¥59 million from ¥13 million in the same period of the previous year through greater operational efficiency.
  20. FY2020-Q3Narrower LossAnnual report

    「In the horticulture business, some improvement in operating conditions was seen as solution-based sales began to bear fruit and sales of young plants expanded. However, the transfer of sales channels to other companies at major chain stores following capital and business alliances, together with lower sales resulting from private-label conversion, resulted in net sales of ¥3,970 million, down 3.4% year on year. On the earnings front, segment loss narrowed to ¥244 million, compared with a segment loss of ¥284 million in the same period of the previous year, partly due to efforts to improve operational efficiency.」

    Although the transfer of sales channels and lower sales resulting from private-label conversion continued, the segment loss narrowed year on year due to solution-based sales, expanded sales of young plants and greater operational efficiency.
  21. FY2020-Q2Narrower LossAnnual report

    「In the horticulture business, some improvement in operating conditions was seen as solution-based sales began to bear fruit. However, the transfer of sales channels to other companies at major chain stores following capital and business alliances, together with lower sales resulting from private-label conversion, resulted in net sales of ¥2,934 million, down 2.1% year on year. On the earnings front, segment loss narrowed to ¥106 million, compared with a segment loss of ¥137 million in the same period of the previous year, partly due to efforts to improve operational efficiency.」

    Although the transfer of sales channels and lower sales resulting from private-label conversion continued, the segment loss narrowed year on year due to some improvement in solution-based sales and greater operational efficiency.
  22. FY2020-Q1Narrower LossAnnual report

    「In the horticulture business, demand for home gardening materials remained sluggish, while sales channels at major chain stores moved to other companies following capital and business alliances. Together with lower sales resulting from private-label conversion, this resulted in net sales of ¥1,451 million, down 2.6% year on year. On the earnings front, segment loss narrowed to ¥71 million, compared with a segment loss of ¥77 million in the same quarter of the previous year, partly due to efforts to reduce expenses.」

    Although sluggish demand for home gardening materials, the transfer of sales channels and lower sales resulting from private-label conversion continued, the segment loss narrowed year on year through expense reductions.
  23. FY2019WorsenedAnnual report

    「In the horticulture business, demand for home gardening products remained sluggish. The withdrawal of customers from the gardening business, the transfer of sales channels to other companies at major chain stores following capital and business alliances, and lower sales resulting from private-label conversion led to net sales of ¥8,634 million, down 5.8% year on year. Segment profit also fell 90.2% year on year to ¥13 million.」

    In addition to sluggish demand for home gardening products, customer withdrawals, the transfer of sales channels and private-label conversion resulted in lower revenue and a substantial decline in profit.
  24. FY2019-Q3WorsenedAnnual report

    「In the floriculture business, domestic consumer spending on home gardening products declined by approximately 5% year on year in 2018, and demand remained weak. Revenue was ¥4,112 million, down 6.6% year on year, due to customers’ withdrawal from the gardening business and sales channels shifting to other companies following the consolidation of major chain stores. The segment loss also widened to ¥296 million from ¥237 million in the previous-year period.」

    Domestic consumption of home gardening products declined by approximately 5% year on year, and together with the withdrawal of customers and the transfer of sales channels, this led to lower revenue and a wider loss in the horticulture business.
  25. FY2019-Q2WorsenedAnnual report

    「In the floriculture business, revenue was ¥2,997 million, down 9.5% year on year, due to weak demand for home gardening supplies such as planters, customers’ withdrawal from the gardening business, and sales channels shifting to other companies following the consolidation of major chain stores. The segment loss also widened to ¥147 million from ¥104 million in the previous-year period.」

    Weak demand for home gardening supplies, customers’ withdrawal and the transfer of sales channels continued. Revenue in the floriculture business fell 9.5%, and the segment loss widened to ¥147 million.
  26. FY2019-Q1WorsenedAnnual report

    「In the floriculture business, revenue was ¥1,491 million, down 14.9% year on year, due to weak demand for bulbs and home gardening supplies, customers’ withdrawal from the gardening business, and sales channels shifting to other companies following the consolidation of major chain stores. The segment loss also widened to ¥83 million from ¥58 million in the previous-year period.」

    Weak demand for home gardening supplies and other products, customers’ withdrawal and the transfer of sales channels following the consolidation of chain stores continued, resulting in a wider decline in revenue and segment loss.
  27. FY2018WorsenedAnnual report

    「In the floriculture business, sales of flower seeds for commercial growers and flower and vegetable seedlings for home gardening increased. However, revenue was ¥9,169 million, down 5.4% year on year, due to weak demand for bulbs and home gardening supplies, customers’ withdrawal from the gardening business, and existing products being supplied by other companies following the consolidation of major chain stores. Segment profit was ¥181 million, down 27.0%.」

    In addition to weak demand for home gardening supplies and other products, customers’ withdrawal and changes in supply channels following the consolidation of major chain stores contributed to a widening decline in revenue and profit in the floriculture business.
  28. FY2018-Q3WorsenedAnnual report

    「In the floriculture business, revenue was ¥4,402 million, down 4.7% year on year, due to weak demand for bulbs and home gardening supplies and customers’ withdrawal from the gardening business. The segment loss also widened to ¥186 million from ¥166 million in the previous-year period.」

    In addition to weak demand for home gardening supplies and other products, customers’ withdrawal from the gardening business was added as a factor behind lower revenue, and the segment loss also widened.
  29. FY2018-Q2WorsenedAnnual report

    「In the floriculture business, demand for home gardening supplies weakened because of adverse weather, including continued rainy days in October and November. Revenue was ¥3,311 million, down 2.9% year on year. The segment loss also widened to ¥72 million from ¥66 million in the previous-year period.」

    Continued weak demand for home gardening supplies due to adverse weather led to lower revenue and a wider segment loss in the floriculture business.
  30. FY2018-Q1RestatedAnnual report

    「In the floriculture business, sales of vegetable seedlings for home gardens and flower seedlings increased, but sales of home gardening supplies declined because of weak demand and other factors. Revenue was ¥1,753 million, down slightly year on year, while the segment loss widened to ¥46 million from ¥42 million in the previous-year period.」

    The disclosure states that weak demand for home gardening supplies continued to reduce sales and weigh on revenue in the floriculture business.
  31. FY2017-Q3RestatedAnnual report

    「In the floriculture business, revenue was ¥4,621 million, down 3.4% year on year, due in part to weak demand for home gardening supplies.」

    The disclosure states, together with the rate of decline, that weak demand for home gardening supplies continued to weigh on revenue in the floriculture business.
  32. FY2017-Q2First statedAnnual report

    「In the floriculture business, revenue was ¥3,408 million, down 2.7% year on year, due in part to weak demand for home gardening supplies.」

    The disclosure states that weak demand for home gardening supplies was an actual factor behind the decline in floriculture business revenue, together with the rate of decline.
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  1. ★This thread
  2. 1Population Decline, Population Aging and the Expansion of Farm Operations13×
  3. 2Impact of Structural Issues in Japan's Domestic Agriculture and Institutional Reforms13×
  4. 3Decline following the earthquake reconstruction boom and deteriorating profitability in the facility materials business10×
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  7. 6Risks of Foreign-Exchange Fluctuations, Political Upheaval and Institutional Changes Associated with Overseas Transactions8×

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Sluggish demand for home gardening supplies | KANEKO SEEDS CO.,LTD. (1376) | Komori