SAKATA SEED CORPORATION
1377・Prime Market・Fishery, Agriculture & Forestry
Domestic Wholesale Business
Wholesale business selling vegetable seeds, flower seeds, and agricultural & horticultural materials to domestic seed companies and other customers
| Period | Current | Previous | Change |
|---|---|---|---|
| External Customer Net Sales | ¥13,193 million (FY2026, ending May 2026) | ¥12,661 million (FY2025, ending May 2025) | ↑ |
| Segment Operating Profit | ¥4,835 million (FY2026, ending May 2026) | ¥4,760 million (FY2025, ending May 2025) | ↑ |
| Segment Operating Margin | 36.6% (FY2026, ending May 2026) | 35.6% (FY2025, ending May 2025) | ↑ |
| Segment Assets | ¥23,402 million (end of FY2026, ending May 2026) | ¥21,445 million (end of FY2025, ending May 2025) | ↑ |
| Depreciation and Amortization | ¥185 million (FY2026, ending May 2026) | ¥210 million (FY2025, ending May 2025) | ↓ |
| Capital Expenditures (Increase in Tangible and Intangible Fixed Assets) | ¥73 million (FY2026, ending May 2026) | ¥56 million (FY2025, ending May 2025) | ↑ |
Business Details
A business that produces or procures vegetable seeds, flower seeds, bulbs, seedlings, and agricultural & horticultural materials, and wholesales them to domestic seed companies, producers, and others. The segment consists of the company itself along with subsidiaries engaged in logistics, sales support, and seedling production. This segment accounted for approximately 12.7% of consolidated net sales in FY2026 (ending May 2026) (external customer sales of ¥13,193 million). It is a highly profitable segment boasting a high operating margin (36.6%).
Recent Overview
Vegetable seeds and materials performed well, leading to increased revenue and profit; flower seeds saw a decline due to stagnant demand
In FY2026 (ending May 2026), external customer net sales were ¥13,193 million (up ¥531 million, or 4.2%, year on year), and operating profit was ¥4,835 million (up ¥74 million, or 1.6%, year on year). Vegetable seeds increased for tomatoes, broccoli, daikon radish, sweet corn, and carrots. Materials saw substantial revenue growth driven by increased advance orders amid Middle East tensions. Meanwhile, flower seeds were generally sluggish and saw a revenue decline due to stagnant demand.
Key Products
Growth Drivers
- Expanding demand through the introduction of new vegetable seed varieties and variety renewal (tomatoes, daikon radish, broccoli, etc.)
- Expanded lineup of agricultural and horticultural materials and introduction of new products such as biostimulants
- Increased demand for environmental control equipment and high-performance materials driven by the need to improve productivity in domestic agriculture
- Maintaining a stable seedling production and supply system through the three Cell Top companies
- Demand for advance ordering of agricultural materials driven by geopolitical risks and other factors
Risks
- Continued stagnation in demand for flower seeds, weighing down overall segment profitability
- Downward pressure on profit margins from rising selling, general and administrative expenses, including labor costs
- Instability in domestic agricultural production due to weather and climate change, and its impact on seed and seedling demand
- Risk of market contraction due to the aging and decline of the domestic agricultural workforce
- Risk of a rebound decline in advance-order demand for agricultural materials once geopolitical risks subside
Last updated: August 25, 2025