Results for this period
Interim period (second quarter)1 November 2025 to 30 April 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales increased due to the consolidation of ピーエスピー株式会社, the year-round operation of the Tsurusawa Farm operated by ベルグ福島株式会社, a higher in-house production ratio, increased demand for watermelon seedlings and greater awareness of seed products. Raw material, personnel and manufacturing costs increased, but profitability improved through the pass-through of costs, product price revisions and cost reductions from improved operating efficiency.
No applicable matters (There are no applicable matters.)
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 30 April 2026 |
| Net Sales | ¥3,496 million (YoY +9.1%) |
| Operating profit | ¥-43 million |
| Ordinary income | ¥-36 million |
| Profit attributable to owners of the parent | ¥-12 million |
| Net income per share | -¥7.77 |
| Equity ratio | End of the current fiscal period 29.5 / End of previous period 34.9 |
| Total assets | ¥7,104 million |
| Net assets | ¥2,152 million |
| Cash flows from operating activities | ¥-374,765 thousand |
| Cash flows from investing activities | ¥109,013 thousand |
| Cash flows from financing activities | ¥174,968 thousand |
| Cash and cash equivalents at end of period | ¥782,427 thousand |
| Full-year earnings forecast | Net Sales ¥8,000 million (YoY +9.5%) / Operating profit ¥110 million / Ordinary income ¥105 million / Net income ¥54 million (YoY +12.9%) |
| Revision to Earnings Forecast | No (unchanged from the disclosure dated 15 December 2025) |
| Annual Dividend Forecast | ¥10.00 → ¥10.00（0.0） |
| Segment revenue | Vegetable Seedling and Related Business ¥3,043.85 thousand (YoY +10.2%), Agricultural and Horticultural Seed and Materials Sales Business ¥403.71 thousand (YoY +3.4%), Retail Business ¥48.50 thousand (YoY -7.2%) |
| Segment profit | Vegetable Seedling and Related Business ¥176.67 thousand, Agricultural and Horticultural Seed and Materials Sales Business ¥10.27 thousand (YoY +119.1%), Retail Business ¥-5.28 thousand |
| Regional sales | ¥591.98 thousand (YoY +18.9%), ¥1,074.14 thousand (YoY +6.8%), ¥275.29 thousand (YoY +14.4%), ¥237.15 thousand (YoY +6.8%), ¥315.27 thousand (YoY +5.8%), ¥248.16 thousand (YoY +3.5%), ¥301.85 thousand (YoY +16.9%) |
| Depreciation and amortization | ¥148,781 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥4 thousand, Subsidy Income ¥30,054 thousand, Insurance proceeds received ¥111 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥12 thousand |
| Disclosure regarding the going concern assumption | No applicable matters (There are no applicable matters.) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 1 / Name of newly added company ピーエスピー株式会社 / Excluded 0 / Excluded Company Name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no eligible attendees) |
| Issued Shares at Period-End | 1,613,580 shares |
| Treasury Shares at Period-End | 13,224 shares |
| Factors Behind Changes in Business Performance | Net sales increased due to the consolidation of ピーエスピー株式会社, the year-round operation of the Tsurusawa Farm operated by ベルグ福島株式会社, a higher in-house production ratio, increased demand for watermelon seedlings and greater awareness of seed products. Raw material, personnel and manufacturing costs increased, but profitability improved through the pass-through of costs, product price revisions and cost reductions from improved operating efficiency. |
Items this document does not state (5)
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.Net sales increased due to the addition of ピーエスピー株式会社 to the scope of consolidation, higher production capacity resulting from the year-round operation of the Tsurusawa Farm operated by ベルグ福島株式会社, and increased demand for watermelon seedlings. On the earnings front, raw material, personnel and manufacturing costs increased, but appropriate pass-through of costs, product price revisions and cost reductions through improved operating efficiency contributed to improved profitability.