Sakata Seed reported ordinary profit of ¥3.67 billion for June-August (Q1), down 24.6% year on year. Sales were ¥24.67 billion, and the operating margin fell to 13.7%. Progress against the first-half plan reached 66.7%.
Sakata Seed Corporation released its consolidated results for the first quarter from June to August 2026. Sales were ¥24.67 billion and ordinary profit was ¥3.671 billion, representing a 24.6% year-on-year decline in ordinary profit. Net profit on an actual-results basis was ¥2.239 billion.
The operating margin for the period fell to 13.7% from 19.4% in the same period of the previous year. The latest 3-month results showed a marked decline in the operating margin.
The ordinary profit target for the first half of the current fiscal year is ¥5.5 billion, and progress in the latest results reached 66.7%. This exceeded the five-year average progress rate of 53.3%.
While sales increased 7.2% year on year, operating profit, ordinary profit and net profit each declined substantially, and adjusted EPS was also below the level of the same period of the previous year.