Note: This document has been translated from a part of the Japanese original. The translation of the supplementary material on financial results will also be disclosed on August 29, 2025. These documents have been translated for reference purposes only. In the event of any discrepancy between these translated documents and their Japanese originals, the originals shall prevail.
［Summary］Consolidated Financial Results for the Six Months Ended June 30, 2025 [Japanese GAAP]
August 8, 2025
Company name: ISEKI&CO., LTD. Listing: Tokyo Stock Exchange Securities code: 6310
URL: https://www.iseki.co.jp
Representative: Shiro Tomiyasu ,President and Representative Director
Inquiries: Yoshikazu Ogusu ,General Manager of Financial Department Telephone: +81-3-5604-7671
Scheduled date to file semi-annual securities report: August 8, 2025 Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated Financial Results for the Six Months Ended June 30, 2025 (January 1, 2025 to June 30, 2025)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
June 30, 2025
June 30, 2024
Millions of yen
100,868
91,134
%
10.7
(1.4)
Millions of yen
4,356
2,210
%
97.1
(19.4)
Millions of yen
3,792
2,469
%
53.6
(17.8)
Millions of yen
3,273
(644)
%
-
-
(Note) Comprehensive income:
Six months ended June 30, 2025:
¥
4,030 million [
123.8%]
Six months ended June 30, 2024:
¥
1,800 million [
(49.3) %]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
June 30, 2025
144.69
144.66
June 30, 2024
(28.47)
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
As of
June 30, 2025
December 31, 2024
Millions of yen
211,545
206,132
Millions of yen
75,335
71,837
%
33.6
32.8
Yen
3,137.85
2,986.80
(Reference) Equity: As of June 30, 2025:
¥
71,004 million
As of December 31, 2024:
¥
67,568 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended December 31, 2024
Fiscal year ending December 31, 2025
Yen
-
-
Yen
-
-
Yen
-
Yen
30.00
Yen
30.00
Fiscal year ending December 31, 2025
(Forecast)
-
30.00
30.00
(Note) Revision to the forecast for dividends announced most recently: None
Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2025(January 1, 2025 to December 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 175,500 | % 4.2 | Millions of yen 3,500 | % 82.3 | Millions of yen 2,600 | % 64.8 | Millions of yen 1,800 | % - | Yen 79.57 |
(Note) Revision to the financial results forecast announced most recently: Yes
* Notes:
Significant changes in the scope of consolidation during the period: Yes
Newly included:
1
(Company name: PREMIUM TURF-CARE LIMITED
)
Excluded:
-
(Company name:
)
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: Yes
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 22,984,993 shares
December 31, 2024: 22,984,993 shares
Number of treasury shares at the end of the period:
June 30, 2025: 356,753 shares
December 31, 2024: 362,784 shares
Average number of shares outstanding during the period:
Six months ended June 30, 2025: 22,623,920 shares
Six months ended June 30, 2024: 22,619,831 shares
* Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet
(Millions of yen)
As of December 31, 2024
As of June 30, 2025
Assets
Current assets
Cash and deposits 8,200 9,992
Notes and accounts receivable - trade, and contract assets | 25,435 | 40,844 |
Merchandise and finished goods | 56,389 | 46,212 |
Work in process | 9,155 | 9,251 |
Raw materials and supplies | 1,392 | 1,314 |
Other | 5,106 | 4,104 |
Allowance for doubtful accounts | (60) | (69) |
Total current assets | 105,618 | 111,649 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 24,460 | 23,577 |
Land | 44,271 | 43,731 |
Other, net | 12,664 | 13,387 |
Total property, plant and equipment | 81,396 | 80,696 |
Intangible assets | 2,975 | 2,888 |
Investments and other assets | ||
Investment securities | 9,864 | 10,302 |
Retirement benefit asset | 4,852 | 4,865 |
Other | 2,091 | 1,819 |
Allowance for doubtful accounts | (667) | (677) |
Total investments and other assets | 16,141 | 16,310 |
Total non-current assets | 100,513 | 99,895 |
Total assets | 206,132 | 211,545 |
(Millions of yen)
As of December 31, 2024
As of June 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 11,245 | 12,822 |
Electronically recorded obligations - operating | 14,008 | 12,862 |
Short-term loans payable | 35,068 | 35,791 |
Current portion of long-term loans payable | 9,775 | 10,431 |
Income taxes payable | 1,042 | 1,256 |
Provision for bonuses | 614 | 800 |
Accounts payable - other | 10,262 | 12,580 |
Provision for business structure reform | 562 | 609 |
Other | 10,597 | 12,246 |
Total current liabilities | 93,178 | 99,400 |
Non-current liabilities | ||
Long-term loans payable | 23,266 | 19,789 |
Deferred tax liabilities for land revaluation | 4,003 | 4,122 |
Provision for retirement benefits for directors (and other officers) | 108 | 114 |
Provision for share awards for directors (and other officers) | 35 | 33 |
Retirement benefit liability | 5,795 | 5,736 |
Asset retirement obligations | 999 | 996 |
Other | 6,907 | 6,016 |
Total non-current liabilities | 41,116 | 36,809 |
Total liabilities | 134,294 | 136,209 |
Net assets | ||
Shareholders' equity | ||
Share capital | 23,344 | 23,344 |
Capital surplus | 13,249 | 13,060 |
Retained earnings | 16,643 | 19,661 |
Treasury shares | (584) | (576) |
Total shareholders' equity | 52,653 | 55,489 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,014 | 3,795 |
Deferred gains or losses on hedges | (26) | (61) |
Revaluation reserve for land | 8,621 | 8,503 |
Foreign currency translation adjustment | 2,193 | 2,292 |
Remeasurements of defined benefit plans | 1,111 | 983 |
Total accumulated other comprehensive income | 14,914 | 15,514 |
Subscription rights to shares | 8 | 8 |
Non-controlling interests | 4,261 | 4,323 |
Total net assets | 71,837 | 75,335 |
Total liabilities and net assets | 206,132 | 211,545 |
Semi-annual Consolidated Statements of Income and Comprehensive Income
Semi-annual Consolidated Statement of Income
For the six months ended June 30, 2024
(Millions of yen)
For the six months ended June 30, 2025
Net sales 91,134 100,868
Cost of sales 64,216 71,492
Gross profit 26,917 29,375
Selling, general and administrative expenses 24,707 25,018
Operating profit 2,210 4,356
Non-operating income
Interest income 76 72
Dividend income 207 159
Foreign exchange gains 556 -
Other 560 348
Total non-operating income 1,401 580
Non-operating expenses
Interest expenses 787 781
Share of loss of entities accounted for using equity method
202
-
Foreign exchange losses - 108
Commission for syndicated loans 56 110
Other 95 144
Total non-operating expenses 1,141 1,144
Ordinary profit 2,469 3,792
Extraordinary income
Gain on sale of non-current assets 75 1,105
Total extraordinary income 75 1,105 Extraordinary losses
Loss on sale and retirement of non-current assets 80 112
Impairment losses 2,260 56
Other 1 -
Total extraordinary losses 2,342 168
Profit before income taxes 202 4,729
Income taxes - current 727 1,341
Income taxes - deferred (67) (20)
Total income taxes 659 1,320
Profit (loss) (457) 3,409
Profit attributable to non-controlling interests 186 135
Profit (loss) attributable to owners of parent (644) 3,273
Semi-annual Consolidated Statement of Comprehensive Income | ||
(Millions of yen) | ||
For the six months | For the six months | |
ended June 30, 2024 | ended June 30, 2025 | |
Profit (loss) | (457) | 3,409 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,328 | 781 |
Deferred gains or losses on hedges | (72) | (38) |
Revaluation reserve for land | - | (118) |
Foreign currency translation adjustment | 1,112 | 123 |
Remeasurements of defined benefit plans, net of tax | (95) | (127) |
Share of other comprehensive income of entities accounted for using equity method | (13) | - |
Total other comprehensive income | 2,258 | 620 |
Comprehensive income | 1,800 | 4,030 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent
1,300 3,804
Comprehensive income attributable to non-controlling interests
500
225
Semi-annual Consolidated Statement of Cash Flows
Cash flows from operating activities
For the six months ended June 30, 2024
(Millions of yen)
For the six months ended June 30, 2025
Profit before income taxes 202 4,729
Depreciation 2,751 2,566
Impairment losses 2,260 56
Decrease (increase) in retirement benefit asset (119) (13)
Increase (decrease) in retirement benefit liability (91) (57)
Interest and dividend income (284) (232)
Interest expenses 787 781
Foreign exchange losses (gains) 20 (286)
Loss (gain) on sale of property, plant and equipment and intangible assets
5 (993)
Decrease (increase) in trade receivables (10,347) (16,306)
Decrease (increase) in inventories 4,044 11,170
Increase (decrease) in trade payables (14,275) 896
Increase (decrease) in accounts payable - other 11,440 2,203
Other, net 3,198 1,796
Subtotal (406) 6,313
Interest and dividends received 284 232
Interest paid (785) (774)
Income taxes paid (210) (1,259)
Net cash provided by (used in) operating activities (1,117) 4,511 Cash flows from investing activities
Purchase of property, plant and equipment and intangible assets
Proceeds from sale of property, plant and equipment and intangible assets
(3,130) (2,430)
335 1,736
Purchase of investment securities (50) (0)
Proceeds from sale of investment securities - 16
Decrease (increase) in time deposits (253) (199)
Other, net (50) 137
Net cash provided by (used in) investing activities (3,148) (739) Cash flows from financing activities
Net increase (decrease) in short-term loans payable 9,305 1,105
Proceeds from long-term loans payable 1,850 3,142
Repayments of long-term loans payable (5,367) (5,844)
Proceeds from sale and leaseback transactions 783 245
Repayments of lease liabilities (814) (863)
Purchase of treasury shares (0) (0)
Dividends paid (682) (683)
Other, net (156) (163)
Net cash provided by (used in) financing activities 4,917 (3,063)
Effect of exchange rate change on cash and cash equivalents
58 319
Net increase (decrease) in cash and cash equivalents 709 1,028
Cash and cash equivalents at beginning of period 9,851 8,150
Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation
- 564
Cash and cash equivalents at end of period 10,560 9,743