Komori
Financial results presentation1377SAKATA SEED CORPORATIONFood

Supplementary Materials for the First Quarter Financial Results for the Fiscal Year Ending May 2027

In the first quarter of the fiscal year ending May 2027, net sales increased 7.2% year on year, while operating profit declined 24.1%, resulting in higher revenue but lower profit. From the fiscal year ending May 2027 onward, the sales breakdown has also been changed from by product category to by business: vegetables, flowers and environment.

Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-1074
¥ millions (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFirst quarter of the fiscal year ending May 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,670 million+7.2%
Operating profit¥3,387 million-24.1%
Ordinary income¥3,671 million-24.6%
Net income¥2,239 million-38.4%
Gross Profit Margin67.2%
Operating profit margin13.7%
Selling, general and administrative expenses¥13,180 million
Results for the three months of the current quarter
Net Sales
¥24,670 million
Operating profit
¥3,387 million
Ordinary income
¥3,671 million
Net income
¥2,239 million
Full-year earnings forecast
Net Sales
¥110,000 million
Gross profit
¥68,800 million
Selling, general and administrative expenses
¥55,300 million
Operating profit
¥13,500 million
Ordinary income
¥13,500 million
Net income
¥10,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in SG&A expenses¥1,596 million
  • Of which, impact of foreign exchange movements on SG&A expenses¥1,073 million
  • Increase in personnel expenses¥736 million
  • Increase in Travel and Transportation Expenses¥69 million
  • Increase in repair expenses¥79 million
  • Increase in outsourcing expenses¥113 million
  • Increase in depreciation and amortization expense¥52 million
  • Increase in research and development expenses¥72 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • U.S. dollar exchange rate¥155
  • Euro exchange rate¥180
New initiatives
  • From the fiscal year ending May 2027 onward, the sales breakdown changed from by product category to by business: vegetables, flowers and environment
  • Geographic classifications were partially consolidated and changed to categories such as Asia-Pacific and EMEA
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic wholesale business net sales¥4,441 million
    Year-on-year (%)2.2
  • Overseas wholesale business net sales¥18,035 million
    Year-on-year (%)7.5
  • Retail business net sales¥932 million
    Year-on-year (%)-1
  • Other Businesses net sales¥1,260 million
    Year-on-year (%)33.5
  • External sales by destination: Japan6,635 JPY million
    Year-on-year (%)6.5
  • External sales by destination: Asia-Pacific3,292 JPY million
    Year-on-year (%)-17
  • External sales by destination: North and Central America24,640 1,000USD
    Year-on-year (%)-3.1
  • External sales by destination: EMEA43,554 1,000EUR
    Year-on-year (%)8.9
  • External sales by destination: South America84,819 1,000BRL
    Year-on-year (%)-4.2
Segment results
  • Domestic wholesale business
    Net Sales¥4,441 million
    Year-on-Year Change in Revenue (%)2.2
    Operating profit¥2,453 million
    Operating profit year-on-year_pct6.8
  • Overseas Wholesale Business
    Net Sales¥18,035 million
    Year-on-Year Change in Revenue (%)7.5
    Operating profit¥3,813 million
    Operating profit year-on-year_pct-27.1
  • Retail Business
    Net Sales¥932 million
    Year-on-Year Change in Revenue (%)-1
    Operating profit¥-153 million
    Year-on-year operating profit growthImproved to ¥57 million from a loss of ¥210 million in the year-earlier quarter
  • Other (landscaping and greening business, etc.)
    Net Sales¥1,260 million
    Year-on-Year Change in Revenue (%)33.5
    Operating profit¥64 million
    Operating profit year-on-year_pct216.9
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFirst quarter of the fiscal year ending May 2027
Net Sales¥24,670 million (YoY +7.2%)
Operating profit¥3,387 million (YoY -24.1%)
Ordinary income¥3,671 million (YoY -24.6%)
Net income¥2,239 million (YoY -38.4%)
Gross Profit Margin67.2%
Operating profit margin13.7%
Selling, general and administrative expenses¥13,180 million
Results for the three months of the current quarterNet Sales ¥24,670 million / Operating profit ¥3,387 million / Ordinary income ¥3,671 million / Net income ¥2,239 million
Full-year earnings forecastNet Sales ¥110,000 million / Gross profit ¥68,800 million / Selling, general and administrative expenses ¥55,300 million / Operating profit ¥13,500 million / Ordinary income ¥13,500 million / Net income ¥10,000 million
Segment resultsSegment Domestic wholesale business / Net Sales ¥4,441 million / Year-on-Year Change in Revenue (%) 2.2 / Operating profit ¥2,453 million / Operating profit year-on-year_pct 6.8, Segment Overseas Wholesale Business / Net Sales ¥18,035 million / Year-on-Year Change in Revenue (%) 7.5 / Operating profit ¥3,813 million / Operating profit year-on-year_pct -27.1, Segment Retail Business / Net Sales ¥932 million / Year-on-Year Change in Revenue (%) -1 / Operating profit ¥-153 million / Year-on-year operating profit growth Improved to ¥57 million from a loss of ¥210 million in the year-earlier quarter, Segment Other (landscaping and greening business, etc.) / Net Sales ¥1,260 million / Year-on-Year Change in Revenue (%) 33.5 / Operating profit ¥64 million / Operating profit year-on-year_pct 216.9
Breakdown of Factors Affecting the ChangeFactors Increase in SG&A expenses / Amount ¥1,596 million, Factors Of which, impact of foreign exchange movements on SG&A expenses / Amount ¥1,073 million, Factors Increase in personnel expenses / Amount ¥736 million, Factors Increase in Travel and Transportation Expenses / Amount ¥69 million, Factors Increase in repair expenses / Amount ¥79 million, Factors Increase in outsourcing expenses / Amount ¥113 million, Factors Increase in depreciation and amortization expense / Amount ¥52 million, Factors Increase in research and development expenses / Amount ¥72 million
Key KPIsIndicator name Domestic wholesale business net sales / Value ¥4,441 million / Year-on-year (%) ¥2.2 million, Indicator name Overseas wholesale business net sales / Value ¥18,035 million / Year-on-year (%) ¥7.5 million, Indicator name Retail business net sales / Value ¥932 million / Year-on-year (%) ¥-1 million, Indicator name Other Businesses net sales / Value ¥1,260 million / Year-on-year (%) ¥33.5 million, Indicator name External sales by destination: Japan / Value 6,635 JPY million / Year-on-year (%) 6.5 JPY million, Indicator name External sales by destination: Asia-Pacific / Value 3,292 JPY million / Year-on-year (%) -17 JPY million, Indicator name External sales by destination: North and Central America / Value 24,640 1,000USD / Year-on-year (%) -3.1 1,000USD, Indicator name External sales by destination: EMEA / Value 43,554 1,000EUR / Year-on-year (%) 8.9 1,000EUR, Indicator name External sales by destination: South America / Value 84,819 1,000BRL / Year-on-year (%) -4.2 1,000BRL
Assumptions Underlying the Business OutlookItem U.S. dollar exchange rate / Value ¥155, Item Euro exchange rate / Value ¥180
New initiativesFrom the fiscal year ending May 2027 onward, the sales breakdown changed from by product category to by business: vegetables, flowers and environment, Geographic classifications were partially consolidated and changed to categories such as Asia-Pacific and EMEA
Items this document does not state (15)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Selling, general and administrative expenses increased by ¥1,596 million year on year, of which ¥1,073 million was attributable to foreign exchange fluctuations. Operating profit in the overseas wholesale business also declined by ¥1,420 million.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Materials for the First Quarter Financial Results for the Fiscal Year Ending May 2027 | SAKATA SEED CORPORATION (1377) timely disclosure | Komori