Sakata SeedSAKATA SEED CORPORATION1377東証プライム水産・農林業FY ending May 2026, consolidated, J-GAAP

Sakata Seed revenue and profit

Out of every ¥100 of sales, about ¥13 is left as operating profit. Revenue changed +12.2% from the prior year, operating profit +7.1%.

Five-year trend

Revenue¥104.3B
FY ending May 2022: ¥73B¥73BFY ending May 2023: ¥77.3B¥77.3BFY ending May 2024: ¥88.7B¥88.7BFY ending May 2025: ¥92.9B¥92.9BFY ending May 2026: ¥104.3B¥104.3BFY22FY23FY24FY25FY26
Operating income¥13.1B
FY ending May 2022: ¥11.2B¥11.2BFY ending May 2023: ¥10.9B¥10.9BFY ending May 2024: ¥10.5B¥10.5BFY ending May 2025: ¥12.3B¥12.3BFY ending May 2026: ¥13.1B¥13.1BFY22FY23FY24FY25FY26
Operating margin12.6%
FY ending May 2022: 15.3%15.3%FY ending May 2023: 14.1%14.1%FY ending May 2024: 11.8%11.8%FY ending May 2025: 13.2%13.2%FY ending May 2026: 12.6%12.6%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin11.7%
Asset turnover0.51×
ROA6.0%
ROA6.0%
Financial leverage1.39×
ROE8.3%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin11.7%
2022: 16.8%16.8%2023: 12.3%12.3%2024: 18.2%18.2%2025: 10.5%10.5%2026: 11.7%11.7%2223242526
Asset turnover0.51×
2022: 0.50×0.50×2023: 0.50×0.50×2024: 0.50×0.50×2025: 0.48×0.48×2026: 0.51×0.51×2223242526
ROA6.0%
2022: 8.3%8.3%2023: 6.2%6.2%2024: 9.1%9.1%2025: 5.1%5.1%2026: 6.0%6.0%2223242526
Financial leverage1.39×
2022: 1.23×1.23×2023: 1.25×1.25×2024: 1.33×1.33×2025: 1.36×1.36×2026: 1.39×1.39×2223242526
ROE8.3%
2022: 10.2%10.2%2023: 7.7%7.7%2024: 12.1%12.1%2025: 6.9%6.9%2026: 8.3%8.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202216.8%0.50×8.3%1.23×10.2%
202312.3%0.50×6.2%1.25×7.7%
202418.2%0.50×9.1%1.33×12.1%
202510.5%0.48×5.1%1.36×6.9%
202611.7%0.51×6.0%1.39×8.3%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue52.1%
2021: 49.5%49.5%2022: 50.0%50.0%2023: 52.2%52.2%2024: 51.7%51.7%2025: 52.5%52.5%2026: 52.1%52.1%212223242526
PPE ÷ total assets25.1%
2021: 25.7%25.7%2022: 24.8%24.8%2023: 25.1%25.1%2024: 23.8%23.8%2025: 25.5%25.5%2026: 25.1%25.1%212223242526
Goodwill ÷ parent equity0.7%
2021: 0.2%0.2%2022: 0.3%0.3%2023: 0.2%0.2%2024: 0.6%0.6%2025: 0.4%0.4%2026: 0.7%0.7%212223242526
Goodwill balance¥1.07B
2021: ¥225M¥225M2022: ¥331M¥331M2023: ¥259M¥259M2024: ¥792M¥792M2025: ¥614M¥614M2026: ¥1.07B¥1.07B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥12.9B
2021: ¥6.98B¥6.98B2022: ¥8.13B¥8.13B2023: ¥9.07B¥9.07B2024: ¥10.4B¥10.4B2025: ¥10.6B¥10.6B2026: ¥12.9B¥12.9B212223242526
R&D / revenue12.4%
2021: 10.1%10.1%2022: 11.1%11.1%2023: 11.7%11.7%2024: 11.7%11.7%2025: 11.4%11.4%2026: 12.4%12.4%212223242526
Receivable days—
2021: 87d87d212223242526
Payable days76d
2021: 58d58d2022: 65d65d2023: 65d65d2024: 60d60d2025: 73d73d2026: 76d76d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending May 2022FY ending May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Revenue73,04977,26388,67792,920104,280
Cost of revenue29,13429,74334,70434,43437,946
Gross profit43,91447,51953,97358,48666,334
SG&A32,73336,60143,47746,22853,212
Operating income11,18110,91810,49512,25713,122
Pretax income16,60012,48722,56313,54616,104
Income tax4,2722,9136,3263,7873,909
Net income attributable to owners12,2569,48916,1629,71112,163
Operating margin15.3%14.1%11.8%13.2%12.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 11%
Property, plant and equipment 25%
3%
Investment securities 9%
Other assets 52%

Funding

4%
Other liabilities 14%
Equity 82%

Each bar totals 100% of assets; other is the residual.

ItemFY ending May 2022FY ending May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Cash and equivalents¥21.7B¥20.3B¥20.3B¥22.4B¥22.5B
Total assets¥147.4B¥160.7B¥192.7B¥191B¥216.8B
Net assets¥125.5B¥138.1B¥160.5B¥161.8B¥179B
Share capital¥13.5B¥13.5B¥13.5B¥13.5B¥13.5B
Property, plant and equipment¥36.5B¥40.4B¥45.9B¥48.8B¥54.3B
Intangible assets excluding goodwill¥4.41B¥4.03B¥4.89B¥3.81B¥5.15B
Goodwill¥331M¥259M¥792M¥614M¥1.07B
Investment securities¥14.1B¥16.3B¥19.7B¥18.5B¥20.3B
Current assets¥89.2B¥96.1B¥116.8B¥113.8B¥129.2B
Current liabilities¥16.1B¥15.4B¥22.9B¥20B¥26.1B
Trade payables¥5.21B¥5.34B¥5.67B¥6.93B¥7.93B
Short-term borrowings¥937M¥929M¥2.56B¥2.28B¥4.03B
Long-term borrowings¥553M¥536M¥1.08B¥587M¥1.55B
Total liabilities¥22B¥22.6B¥32.2B¥29.2B¥37.8B
Non-controlling interests¥336M¥401M¥451M¥462M¥519M
Equity attributable to owners of parent¥120.1B¥127.4B¥139B¥143.5B¥149B
Retained earnings¥101.2B¥108.5B¥122B¥126.6B¥133B
Treasury stock-¥5.39B-¥5.39B-¥7.21B-¥7.37B-¥8.35B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第85期(2025/06/01-2026/05/31)

    ID S100YXUM2026-08-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(2024/06/01-2025/05/31)

    ID S100WKSN2025-08-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第83期(2023/06/01-2024/05/31)

    ID S100UBX32024-09-06Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(2022/06/01-2023/05/31)

    ID S100RR8S2023-08-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第81期(令和3年6月1日-令和4年5月31日)

    ID S100P2T62022-08-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(令和2年6月1日-令和3年5月31日)

    ID S100MB3B2021-08-24Open

Extracted from XBRL: 54 / Derived from other figures: 1

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