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Kaneko Seeds Logs 14% Lower Attributable Profit in Six Months to November
Kaneko Seeds Co., Ltd. Reports Mixed Financial Results for H1 2024
January 8th [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Wada Kousan <8931> 1427 yen (1/7) Conducts development of condominiums under the "Wakole" brand in the Kinki region. Announced the third-quarter financial results. Cumulative operating profit is 4.66 billion yen (16.0% increase compared to the same period last year). Turned to an increase in profit from 2.176 billion yen in the first half (a 13.0% decrease compared to the same period last year). Focused on sales activities aimed at securing contracts and promoting handover plans, mainly for newly launched properties in the core condominium sales. Operating profit for the fiscal year ending February 2025 is 49.
Pay attention to U Arrows and JINSHD, while Yakusdodo HD and Tanseisha may be weak.
In the U.S. stock market on October 7, the Dow Jones Industrial Average fell by $178.20 to 42,528.36, the Nasdaq Composite Index dropped by 375.30 points to 19,489.68, and the Chicago Nikkei 225 Futures decreased by 265 yen to 39,735 yen compared to the Osaka daytime. The exchange rate is 1 dollar = 158.00-10 yen. In today's Tokyo market, the same-store sales for domestic eyewear shops for December 2024 increased by 24.4%, marking the highest growth rate for this period (ending August 2025) for JINSHD <3046>, along with retail performance in December 2024.
Right-on, 1Q operating loss decreased to a deficit of 0.472 billion yen.
The performance for the first quarter of the fiscal year ending August 2025 announced by Light On <7445> shows that revenue decreased by 24.7% compared to the same period last year, totaling 7.7 billion 55 million yen, and operating loss was 0.4 billion 72 million yen (compared to a loss of 0.5 billion 17 million yen in the same period last year). Sales struggled for both in-house EC and external malls, and the EC engagement revenue including store pickup fell below the same period last year. In terms of profit, although revenue and gross profit significantly decreased, it is based on the cost structure reform, which is a key measure of the medium-term management plan.
Kaneko Seeds: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending May 2025 [Japanese GAAP] (consolidated)