Supplementary Material for Q2FY2025
（The Six Months Ended November 30, 2024 ）
Sakata Seed Corporation
Stock code: 1377
January 14th, 2025
© SAKATA SEED CORPORATION 2025
Consolidated Results for Q2FY2025
Q2FY2024 | Q2FY2025 | Change | ||||
(Millions of yen) | 11/2023 | 11/2024 | (%) | |||
Sales | 40,872 | 42,325 | 1,452 | 3.6 | ||
％ | ||||||
Gross profit | 24,895 | 27,417 | 2,522 | 10.1 | ||
％ | ||||||
Gross profit margin (%) | 60.9 | 3.9 | ||||
64.8 | ||||||
％ | ％ | ％ | ||||
SGA expenses | 19,603 | 21,744 | 2,141 | 10.9 | ||
％ | ||||||
Operating profit | 5,292 | 5,672 | 380 | 7.2 | ||
％ | ||||||
Ordinary profit | 5,698 | 5,650 | -48 | -0.8 | ||
％ | ||||||
Net profit | 3,226 | 5,123 | 1,897 | 58.8 | ||
％ | ||||||
Exchange rates for overseas subsidiaries | ||||||
Yen/USD (9/2024) | 149.58 | 142.82 | -6.76 | |||
￥ | ||||||
Yen/EUR (9/2024) | 157.97 | 1.56 | ||||
159.53 | ||||||
￥ |
Q2FY2025 | Change | Q2FY2025 | ||
Forecast | (%) | Forecast | ||
45,000 | -2,674 | -5.9 | ％ | 93,500 |
5,200 | 472 | 9.1 | ％ | 11,000 | |
5,000 | 650 | 13.0 | |||
％ | 11,000 | ||||
3,500 | 1,623 | 46.4 | ％ | 9,000 | |
150.00 | -7.18 | 150.00 | |
160.00 | -0.47 | 160.00 | |
© SAKATA SEED CORPORATION 2025 | 2 |
Consolidated Results for Q2FY2025 : By business segment
（ | Millions of yen | ） | Sales | Operating income | ||||||||
Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | |||||||
11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | |||||||
Domestic wholesale | 5,981 | 6,138 | 157 | 2.6 | 2,487 | 2,388 | -99 | -4.0 | ||||
％ | ％ | |||||||||||
Overseas wholesale | ||||||||||||
31,018 | 32,364 | 1,346 | 4.3 | 8,274 | 8,562 | 287 | 3.5 | |||||
％ | ％ | |||||||||||
Retail | 2,064 | 1,872 | -192 | -9.3 | -240 | -247 | -7 | － | ||||
％ | ||||||||||||
Other（Landscaping | 1,808 | 1,949 | 141 | 7.8 | 80 | 117 | 36 | 45.4 | ||||
& Garden | ||||||||||||
％ | ％ | |||||||||||
Construction etc.） | ||||||||||||
Subtotal | 40,872 | 42,325 | 1,452 | 3.6 | 10,602 | 10,820 | 217 | 2.1 | ||||
％ | ％ | |||||||||||
Elimination | － | － | － | － | -5,310 | -5,147 | 162 | － | ||||
Total | 40,872 | 42,325 | 1,452 | 3.6 | 5,292 | 5,672 | 380 | 7.2 | ||||
％ | ％ | |||||||||||
© SAKATA SEED CORPORATION 2025 | 3 |
Consolidated Results for Q2FY2025:
External sales by product
Domestic Wholesale | Overseas Wholesale | Retail Sales | ||||||||||
(Millions of yen) | Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | |||
11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | ||||
Vegetable seeds | 3,778 | 3,903 | 3.3 | 25,911 | 27,187 | 4.9 | 558 | 564 | 1.2 | |||
％ | ％ | ％ | ||||||||||
Flower seeds | 493 | 485 | -1.6 | 4,581 | 4,653 | 1.6 | 143 | 136 | -4.6 | |||
％ | ％ | ％ | ||||||||||
Young plants | 442 | 461 | 4.2 | 108 | 103 | -4.1 | 206 | 87 | -57.8 | |||
％ | ％ | ％ | ||||||||||
Materials | 1,173 | 1,222 | 4.1 | 1 | 0 | -68.0 | 1,033 | 937 | -9.3 | |||
％ | ％ | ％ | ||||||||||
Others | 93 | 65 | -29.6 | 416 | 418 | 0.6 | 122 | 145 | 19.3 | |||
％ | ％ | ％ | ||||||||||
Total sales | 5,981 | 6,138 | 2.6 | 31,018 | 32,364 | 4.3 | 2,064 | 1,872 | -9.3 | |||
％ | ％ | ％ |
Other | Total | |||||||
(Landscaping & Garden Construction etc.) | ||||||||
(Millions of yen) | ||||||||
Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | |||
11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | |||
Vegetable seeds | － | － | － | 30,247 | 31,656 | 4.7 | ||
％ | ||||||||
Flower seeds | － | － | － | 5,218 | 5,275 | 1.1 | ||
％ | ||||||||
Young plants | － | － | － | 757 | 652 | -13.9 | ||
％ | ||||||||
Materials | － | － | － | 2,209 | 2,160 | -2.2 | ||
％ | ||||||||
Others | 1,808 | 1,949 | 7.8 | 2,440 | 2,579 | 5.7 | ||
％ | ％ | |||||||
Total sales | 1,808 | 1,949 | 7.8 | 40,872 | 42,325 | 3.6 | ||
％ | ％ |
© SAKATA SEED CORPORATION 2025 | 4 |
Consolidated Results for Q2FY2025 :
External sales by region
Domestic Wholesale | Overseas Wholesale | Retail Sales | |||||||||||
(Millions of yen) | Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | ||||
11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | |||||
5,981 | 6,138 | 2.6 | 2,064 | 1,872 | -9.3 | ||||||||
Japan | ％ | － | － | － | ％ | ||||||||
North & Central | － | － | － | 8,655 | 8,124 | -6.1％ | － | － | － | ||||
America | |||||||||||||
Europe & Middle | － | － | － | 8,532 | 10,087 | 18.2％ | － | － | － | ||||
East | |||||||||||||
South America | － | － | － | 2,995 | 3,889 | 29.8％ | － | － | － | ||||
Asia | － | － | － | 9,314 | 8,402 | -9.8％ | － | － | － | ||||
Otherｓ | － | － | － | 1,520 | 1,860 | 22.3％ | － | － | － | ||||
5,981 | 6,138 | 2.6 | 31,018 | 32,364 | 4.3 | 2,064 | 1,872 | -9.3 | |||||
Total sales | ％ | ％ | ％ | ||||||||||
Other | Total | ||||||||||||
(Landscaping & Garden Construction etc.) | |||||||||||||
(Millions of yen) | |||||||||||||
Q2FY2024 | Q2FY2025 | Change | Q2FY2024 | Q2FY2025 | Change | ||||||||
11/2023 | 11/2024 | % | 11/2023 | 11/2024 | % | ||||||||
1,808 | 1,949 | 7.8 | 9,854 | 9,960 | 1.1 | ||||||||
Japan | ％ | ％ | |||||||||||
North & Central | － | － | － | 8,655 | 8,124 | ％ | |||||||
America | -6.1 | ||||||||||||
Europe & Middle | － | － | － | 8,532 | 10,087 | ％ | |||||||
East | 18.2 | ||||||||||||
2,995 | 3,889 | 29.8 | |||||||||||
South America | － | － | － | ％ | |||||||||
9,314 | 8,402 | ||||||||||||
-9.8 | |||||||||||||
Asia | － | － | － | ％ | |||||||||
1,520 | 1,860 | ||||||||||||
22.3 | |||||||||||||
Otherｓ | － | － | － | ％ | |||||||||
1,808 | 1,949 | 7.8 | 40,872 | 42,325 | 3.6 | ||||||||
Total sales | ％ | ％ | |||||||||||
© SAKATA SEED CORPORATION 2025 | 5 |
Consolidated Results for Q2FY2025 :Breakdown of external sales（JPY）
Others
4%
Asia 20%
By region
South America
9%
Europe & Middle
East 24%
Materials
Young plants 5%
2%
Domestic
24%
Flowers seeds
12%
North & Central America
19%
Others
6%
By product
Vegetable seeds
75%
© SAKATA SEED CORPORATION 2025 | 6 |
Consolidated Results for FY2025 :
External Sales by Customers' Region (Quarterly Change)
Q1 | Q2 | Q3 | Q4 | ||||||||||||
YoY | YoY (%) | YoY | YoY (%) | YoY | YoY (%) | Mar.- | YoY | YoY (%) | Total | YoY | YoY (%) | ||||
Jun.-Aug. | Sep.-Nov. | Dec.-Feb. | |||||||||||||
May. | |||||||||||||||
North & Central America | |||||||||||||||
(1,000US$) | 20,978 | -923 | -4.2% | 35,910 | -55 | -0.2% | 56,888 | -978 | -1.7% | ||||||
Europe & Middle East | |||||||||||||||
(1,000EUR) | 31,177 | 4,861 | 18.5% | 32,056 | 4,361 | 15.7% | 63,233 | 9,222 | 17.1% | ||||||
South America | |||||||||||||||
(1,000BRL) | 66,359 | 21,734 | 48.7% | 81,629 | 25,310 | 44.9% | 147,988 | 47,044 | 46.6% | ||||||
Asia | |||||||||||||||
(Million Yen) | 3,343 | -333 | -9.1% | 5,060 | -578 | -10.3% | 8,403 | -911 | -9.8% | ||||||
Korea included in Asia | |||||||||||||||
(Million WON) | 5,459 | -1,065 | -16.3% | 7,280 | 333 | 4.8% | 12,740 | -732 | -5.4% | ||||||
India included in Asia | |||||||||||||||
(Million INR) | 343 | -38 | -10.0% | 451 | 8 | 1.7% | 793 | -30 | -3.7% | ||||||
Others(Africa, Oceania) | |||||||||||||||
(Million Yen) | 909 | 147 | 19.3% | 952 | 193 | 25.4% | 1,861 | 340 | 22.3% |
© SAKATA SEED CORPORATION 2025 | 7 |
Consolidated Results for FY2024 :
External Sales by Customers' Region (Quarterly Change)
Q1 | YoY | YoY (%) | Q2 | YoY | YoY (%) | |
Jun.-Aug. | Sep.-Nov. | |||||
North & Central America | ||||||
(1,000US$) | 21,901 | -589 | -2.6% | 35,965 | 2,520 | 7.5% |
Europe & Middle East | ||||||
(1,000EUR) | 26,316 | 284 | 1.1% | 27,695 | 3,173 | 12.9% |
South America | ||||||
(1,000BRL) | 44,625 | 469 | 1.1% | 56,319 | 6,943 | 14.1% |
Asia | ||||||
(Million Yen) | 3,676 | 670 | 22.3% | 5,638 | -61 | -1.1% |
Korea included in Asia | ||||||
(Million WON) | 6,524 | -173 | -2.6% | 6,947 | 390 | 5.9% |
India included in Asia | ||||||
(Million INR) | 381 | 41 | 11.9% | 443 | -36 | -7.5% |
Others(Africa, Oceania) | ||||||
(Million Yen) | 762 | 127 | 20.1% | 759 | -79 | -9.4% |
Q3 | Q4 | |||||||
YoY | YoY (%) | Mar.- | YoY | YoY (%) | Total | YoY | YoY (%) | |
Dec.-Feb. | ||||||||
May. | ||||||||
35,865 | 2,078 | 6.1% | 50,413 | 3,127 | 6.6% | 144,145 | 7,134 | 5.2% |
24,355 | 471 | 2.0% | 38,059 | 4,677 | 14.0% | 116,425 | 8,605 | 8.0% |
48,321 | 8,858 | 22.4% | 85,889 | 28,295 | 49.1% | 235,153 | 44,564 | 23.4% |
2,510 | 89 | 3.7% | 4,739 | 1,632 | 52.5% | 16,563 | 2,330 | 16.4% |
4,347 | 89 | 2.1% | 10,848 | 1,021 | 10.4% | 28,667 | 1,327 | 4.9% |
214 | 34 | 18.9% | 338 | 175 | 106.8% | 1,376 | 214 | 18.4% |
1,044 | 268 | 34.5% | 984 | 197 | 25.1% | 3,549 | 513 | 16.9% |
© SAKATA SEED CORPORATION 2025 | 8 |
Consolidated Results(Quarterly Change)
30,000
25,000
20,000
15,000
10,000
Consolidated sales total (Millions of yen)
28,961 | |||||||||||
17,736 | 20,258 | 22,628 | 19,163 | 21,709 | 18,844 | 20,988 | 21,337 | ||||
16,641 | |||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
FY2023 | FY2024 | FY2025 | |||||||||
Quarterly Operating profit (Millions of yen) | Quarterly Operating profit margin（％） | |
4,000
3,000
2,000
1,000
0
13.9% | 15.2% | 16.0% | 13.6% | 14.6% | 13.0% | 13.8% | |
12.0% | 12.2% | ||||||
8.5% |
2,467 | 3,083 | 2,663 | 2,705 | 2,335 | 2,957 | 2,749 | 2,454 | 2,729 | 2,943 | ||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
FY2023 | FY2024 | FY2025 |
20.0%
15.0%
10.0%
5.0%
0.0%
Quarterly Ordinary profit (Millions of yen) | Quarterly Ordinary profit margin（％） | |||
4,000 | 18.1% | 16.2% | 15.8% | 15.9% | 15.3% | 20.0% | ||||||
14.0% | 14.5% | |||||||||||
3,000 | 12.2% | 12.2% | 15.0% | |||||||||
8.8% | ||||||||||||
2,000 | 10.0% | |||||||||||
3,217 | 3,290 | 3,169 | 3,054 | 2,883 | 3,092 | |||||||
1,000 | 2,628 | 2,644 | 2,543 | 2,558 | 5.0% | |||||||
0 | 0.0% | |||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |
FY2023 | FY2024 | FY2025 |
© SAKATA SEED CORPORATION 2025 | 9 |
© SAKATA SEED CORPORATION 2025