# Hokuto vs Kaneko Seeds vs Megmilk Snow Brand vs Sakata Seed

> Unit: JPY millions (ratios in %)
> Periods: Hokuto = FY ending Mar 2026, consolidated, J-GAAP / Kaneko Seeds = FY ending May 2026, consolidated, J-GAAP / Megmilk Snow Brand = FY ending Mar 2026, consolidated, J-GAAP / Sakata Seed = FY ending May 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T23:26:16.855Z

| Metric | Hokuto | Kaneko Seeds | Megmilk Snow Brand | Sakata Seed |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 85,915 | 67,734 | 615,761 | 104,280 |
| Operating income | 7,031 | 1,749 | 18,266 | 13,122 |
| Net income | 7,006 | 1,325 | 32,897 | 12,163 |
| COGS ratio | 71.0% | 85.4% | 83.1% | 36.4% |
| Operating margin | 8.2% | 2.6% | 3.0% | 12.6% |
| Net margin | 8.2% | 2.0% | 5.3% | 11.7% |
| FCF margin | 6.9% | -0.2% | -0.7% | 1.8% |
| Period | FY ending Mar 2026 | FY ending May 2026 | FY ending Mar 2026 | FY ending May 2026 |
| Source | S100YKAZ | S100YYEO | S100YC5I | S100YXUM |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Hokuto | Kaneko Seeds | Megmilk Snow Brand | Sakata Seed |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 37.5 (4 peers) | 23.7 (179 peers) | 26.5 (17 peers) | 87.5 (4 peers) |
| Profitability | 62.5 (4 peers) | 45.7 (185 peers) | 27.5 (20 peers) | 87.5 (4 peers) |
| Cash conversion | 83.3 (3 peers) | 56.7 (179 peers) | 67.5 (20 peers) | 50 (3 peers) |
| Efficiency | 37.5 (4 peers) | 34.3 (185 peers) | 87.5 (20 peers) | 12.5 (4 peers) |
| Financial strength | — | — | 58.3 (6 peers) | — |

## Company details

- https://vizora.meequs.com/en/company/hokuto/md
- https://vizora.meequs.com/en/company/kaneko-seeds/md
- https://vizora.meequs.com/en/company/megmilk-snow-brand/md
- https://vizora.meequs.com/en/company/sakata-seed/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).