サカタタネ weakens as higher personnel expenses cut June–August operating profit by 24%

Sakata Seed Corporation reported consolidated results for the June-August period. Revenue rose 7.2% year on year to ¥24.67 billion, while operating profit fell 24.1% to ¥3.387 billion.

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The story

Sakata Seed Corporation announced consolidated results for the first quarter (June-August). Revenue was ¥24.67 billion, up 7.2% year on year, while operating profit was ¥3.387 billion, down 24.1%.

The weaker yen had a positive impact, but lower margins and higher SG&A expenses, primarily personnel costs, put pressure on profit.

This affected investor sentiment, and the stock was reported to have reacted weakly.

At a glance

TimingJune-August period (first quarter)

Sales¥24.67 billion, up 7.2% year on year

ProfitOperating profit of ¥3.387 billion, down 24.1% year on year

FactorsThe weaker yen had a positive impact, but lower margins and higher SG&A expenses weighed on profit

CompanySakata Seed Corporation

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