Kaneko Seeds Co., Ltd. (TSE: 1376) reported consolidated FY5/2026 results (year ended May 31, 2026) under Japanese GAAP. Revenue rose 5.0% to ¥67,733 million; operating profit rose 15.7% to ¥1,749 million; ordinary profit rose 10.8% to ¥1,846 million; net profit attributable to owners rose 10.4% to ¥1,325 million. Basic EPS was ¥120.07 (prior ¥107.01). Comprehensive income more than doubled to ¥2,457 million (+111.2%).
Margins improved
Operating profit grew three times faster than revenue (+15.7% vs +5.0%), lifting the operating margin to 2.6% from 2.3% as the seeds, seedlings and horticultural-materials businesses benefited from firmer pricing and cost control.
Balance sheet & cash flow
Total assets were ¥54,186 million and net assets ¥26,745 million, for an equity ratio of 49.4%; book value per share was ¥2,438.93. Operating cash flow was ¥1,924 million against a ¥1,234 million investing outflow and a ¥43 million financing inflow, leaving period-end cash of ¥1,583 million.
Dividend raised to ¥48
The FY5/2026 annual dividend was lifted to ¥48.00 per share from ¥38.00, a consolidated payout ratio of 40.0%. Management guides ¥48.00 again for FY5/2027.
FY27 guidance
For FY5/2027 the company guides revenue of ¥70,000 million (+3.3%), operating profit of ¥2,000 million (+14.3%), ordinary profit of ¥2,100 million (+13.7%) and net profit of ¥1,650 million (+24.5%), with EPS of ¥150.46.
| Metric | FY5/2026 | FY5/2025 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 67.73 | 64.51 | +5.0% |
| Operating profit (¥ billion) | 1.75 | 1.51 | +15.7% |
| Ordinary profit (¥ billion) | 1.85 | 1.67 | +10.8% |
| Net profit attrib. to owners (¥ billion) | 1.33 | 1.20 | +10.4% |
| Basic EPS (¥) | 120.07 | 107.01 | +12.2% |
| Comprehensive income (¥ billion) | 2.46 | 1.16 | +111.2% |
| Annual dividend (¥) | 48.00 | 38.00 | +26.3% |
| FY27 net profit guidance (¥ billion) | 1.65 | — | +24.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.