TYO:1377

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Sakata Seed Board Approves 10-year Business Plan, Targets 200 Million Yen Sales by FY2036

Sakata Seed (TYO:1377) said its board approved a 10-year business plan, "PASSION2035," accelerating growth investments and strengthening equity management, according to a Tokyo bourse filing on Monday.The Japan-based horticulture product company said that the new business plan, commencing with the fiscal year ending May 31, 2027, will improve profitability and establish sustainable growth.Under the new strategy, the company will strengthen research and development, enhance capital efficiency, and strengthen shareholder returns with a net sales target totalling 200 billion yen for fiscal year 2036.

TYO:1377

Asia3h ago

Sakata Seed to Buy Back Up to 5 Billion Yen of Own Shares

Sakata Seed's (TYO:1377) board approved a share buyback of up to 1 million shares, representing 2.36% of its outstanding stock, for a maximum of 5 billion yen.The repurchase period runs from Aug. 3, 2026, through May 28, 2027, through market purchases and ToSTNeT-3 off-auction trading, according to a Tokyo bourse filing.The move aims to enhance shareholder returns and improve capital efficiency, following the company's sixth consecutive dividend increase.As of May 31, the company held 3.07 million treasury shares, excluding 76,580 shares held in a board benefit trust.

TYO:1377

Asia3h ago

Sakata Seed's Profit Surges 25% in Fiscal Year Ended May

Sakata Seed's (TYO:1377) profit attributable to owners of the parent rose 25% to 12.2 billion yen for the fiscal year ended May 31 from 9.71 billion yen a year earlier.The seed producer's basic earnings per share increased to 284.46 yen from 222.58 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 12% to 104.3 billion yen from 92.9 billion yen in the prior year.For the fiscal year ending May 31, 2027, the company expects attributable profit of 10 billion yen, basic EPS of 236.63 yen, and net sales of 110 billion yen.In a separate filing, Sakata Seed declared a year-end dividend of 50 yen, exceeding its earlier forecast of 40 yen and higher than the 45 yen paid a year ago.The total dividend payment amounts to 2.12 billion yen, payable from retained earnings on Aug. 26.Sakata Seed plans to pay interim and year-end dividends of 40 yen and 50 yen per share, respectively, for the year, which is higher than the amounts paid in the year-ago period.

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