trending Market Intelligence /marketintelligence/en/news-insights/trending/LWR-K-IZuLCBsf_aH_0_ew2 content esgSubNav
In This List

Kaneko Seeds fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Kaneko Seeds fiscal Q1 profit falls YOY

Kaneko Seeds Co. Ltd. said its normalized net income for the fiscal first quarter ended Aug. 31 was ¥17.78 per share, a decline of 21.4% from ¥22.61 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥208.8 million, a decrease of 21.4% from ¥265.6 million in the year-earlier period.

The normalized profit margin dropped to 1.6% from 2.0% in the year-earlier period.

Total revenue declined on an annual basis to ¥12.88 billion from ¥13.48 billion, and total operating expenses declined year over year to ¥12.57 billion from ¥13.09 billion.

Reported net income fell 17.9% year over year to ¥211.0 million, or ¥17.97 per share, from ¥257.0 million, or ¥21.88 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.