Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending of May 31, 2019; Announces Second Quarter End Dividend for the Fiscal Year 2019, Payable on February 12, 2019; Provides Dividend Guidance for the Year Ending May 31, 2019
January 07, 2019 at 06:00 am
Share
Kaneko Seeds Co., Ltd. reported consolidated earnings results for the second quarter ended of November 30, 2018. For the quarter, the company reported net sales of JPY 25,141 million compared to JPY 24,923 million a year ago. Operating income was JPY 351 million compared to JPY 278 million a year ago. Ordinary profit was JPY 393 million compared to JPY 338 million a year ago. Profit attributable to owners of parent was JPY 258 million compared to JPY 193 million a year ago. Basic earnings per share were JPY 22.06 compared to JPY 16.51 a year ago.
The company provided earnings guidance for the year ending May 31, 2019. For the period, the company expects net sales of JPY 60,000 million, operating income of JPY 1,900 million, ordinary income expected of JPY 2,000 million, profit attributable to owners of parent expected of JPY 1,400 million and basic earnings per share expected of JPY 119.25.
The company announced second quarter end dividend of JPY 11 per share for the fiscal year 2019 compared to JPY 11 per share paid a year ago. Scheduled date to commence dividend payments is February 12, 2019.
The company provided dividend guidance for the year ending May 31, 2019. The company expects year-end dividend of JPY 15.00 per share compared to JPY 15.00 per share paid a year ago.
KANEKO SEEDS CO., LTD. is a Japan-based company mainly engaged in the sale of seedlings, gardening products, agrochemicals and agricultural facilities, as well as the design and construction of hydroponic culture plants, greenhouses and gardens. The Company operates in four business segments. The Seedling segment is engaged in the contract production, purchase and sale of vegetable seeds, pasture seeds, virus-free seedlings and seeds, and the design and construction of landscaping work. The Flower Growing segment is engaged in the production and sale of flower seeds and seedlings, as well as the purchase and sale of gardening products. The Agricultural Material segment is involved in the purchase and sale of agrochemicals and others. The Facility segment is engaged in the provision of agricultural facilities, as well as the development and sale of hydroponic culture plants and greenhouses.
Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending of May 31, 2019; Announces Second Quarter End Dividend for the Fiscal Year 2019, Payable on February 12, 2019; Provides Dividend Guidance for the Year Ending May 31, 2019
KANEKO SEEDS CO., LTD. 
