Interim report
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Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. October 6, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee TTTTThhhhhrrrrreeeeeeeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd AAAAAuuuuuggggguuuuusssssttttt 3333311111,,,,, 22222000002222266666 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: SAKATA SEED CORPORATION Listing: Tokyo Stock Exchange Securities code: 1377 URL: https://corporate.sakataseed.co.jp/ Representative: Tsutomu Kagami President and Representative Director President and Executive Officer Inquiries: Takenori Hoshi Managing Executive Officer Senior General Manager of General Administration Div. Telephone: +81-45-945-8800 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 11111..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee ttttthhhhhrrrrreeeeeeeeee mmmmmooooonnnnnttttthhhhhsssss eeeeennnnndddddeeeeeddddd AAAAAuuuuuggggguuuuusssssttttt 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm JJJJJuuuuunnnnneeeee 11111,,,,, 22222000002222266666 tttttooooo AAAAAuuuuuggggguuuuusssssttttt 3333311111,,,,, 22222000002222266666))))) (((((11111))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg rrrrreeeeesssssuuuuullllltttttsssss (((((cccccuuuuummmmmuuuuulllllaaaaatttttiiiiivvvvveeeee))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % August 31, 2026 24,670 7.2 3,387 (24.1) 3,671 (24.6) 2,239 (38.4) August 31, 2025 23,005 9.6 4,462 63.5 4,866 90.2 3,637 222.6 Note: Comprehensive income For the three months ended August 31, 2026: ¥ 6,100 million [ 29.1%] For the three months ended August 31, 2025: ¥ 4,726 million [ (9.4) %] Basic earnings per share Diluted earnings per share Three months ended Yen Yen August 31, 2026 53.03 - August 31, 2025 84.09 - Reference: Equity in earnings (losses) of affiliated companies: For the three months ended August 31, 2026: ¥ (19) million For the three months ended August 31, 2025: ¥ - million (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % August 31, 2026 221,560 182,384 82.1 May 31, 2026 216,778 178,983 82.3 Reference: Equity As of August 31, 2026: ¥ 181,907 million As of May 31, 2026: ¥ 178,463 million
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 35.00 - 50.00 85.00May 31, 2026 Fiscal year ending -May 31, 2027 Fiscal year ending May 31, 2027 (Forecast) 40.00 - 50.00 90.00 Note: Revisions to the forecast of cash dividends most recently announced: None 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaayyyyy 3333311111,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm JJJJJuuuuunnnnneeeee 11111,,,,, 22222000002222266666 tttttooooo MMMMMaaaaayyyyy 3333311111,,,,, 22222000002222277777))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six months ending November 30, 2026 52,500 10.0 6,000 (12.8) 5,500 (28.9) 4,000 (42.7) 94.65 Full year 110,000 5.5 13,500 2.9 13,500 (5.5) 10,000 (17.8) 236.63 Note: Revisions to the financial result forecast most recently announced: None ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of August 31, 2026 45,410,750 shares As of May 31, 2026 45,410,750 shares (ii) Number of treasury shares at the end of the period As of August 31, 2026 3,270,038 shares As of May 31, 2026 3,151,075 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended August 31, 2026 42,233,883 shares Three months ended August 31, 2025 43,250,005 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
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* Proper use of earnings forecasts, and other special matters (Caution Regarding Forward-looking Statements) Forecasts of business performance and future developments noted in this report are based on assumptions from information available to management at the time of disclosure and deemed reasonable at the present time. The Company makes no promised or commitments regarding achievements of such forecasts and future developments. Actual results may differ significantly from forecasts. (How to obtain supplementary material on financial results) The Company will publish supplementary material on financial results on TD-net and on our website on the same day. (Information about Treasury Shares) The Company includes the shares (76,580 shares as of the three months ended August 2026, and 76,580 shares as of the year ended May 2026) held by The Custody Bank of Japan, Ltd. (Trust account E) as trustee assets of the "Board Benefit Trust (BBT)" in treasury shares in the consolidated financial statements. Accordingly, the Company includes these shares as treasury shares deducted from the average number of shares outstanding used for calculating basic earnings per share (76,580 shares for the three months ended August 2026, and 63,141 shares for the three months ended August 2025).
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Quarterly Consolidated Financial Statements Quarterly Consolidated Balance Sheet (Millions of yen) As of May 31, 2026 As of August 31, 2026 Assets Current assets Cash and deposits 30,160 29,008 Notes and accounts receivable - trade, and contract assets 25,734 24,568 Electronically recorded monetary claims - operating 1,430 1,786 Securities 49 49 Merchandise and finished goods 55,545 59,068 Work in process 6,845 4,782 Raw materials and supplies 1,291 1,329 Costs on construction contracts in progress 75 71 Other 8,550 10,279 Allowance for doubtful accounts (456) (471) Total current assets 129,228 130,473 Non-current assets Property, plant and equipment Buildings and structures 46,412 47,810 Accumulated depreciation (24,880) (25,456) Buildings and structures, net 21,532 22,353 Machinery, equipment and vehicles 25,506 26,683 Accumulated depreciation (18,084) (18,849) Machinery, equipment and vehicles, net 7,422 7,834 Land 16,652 16,724 Construction in progress 3,980 3,490 Other 12,585 13,285 Accumulated depreciation (7,850) (8,200) Other, net 4,735 5,085 Total property, plant and equipment 54,323 55,487 Intangible assets 5,149 5,225 Investments and other assets Investment securities 20,326 22,669 Long-term loans receivable 397 432 Retirement benefit asset 893 911 Deferred tax assets 5,192 5,376 Other 1,371 1,117 Allowance for doubtful accounts (102) (132) Total investments and other assets 28,078 30,373 Total non-current assets 87,550 91,086 Total assets 216,778 221,560
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(Millions of yen) As of May 31, 2026 As of August 31, 2026 Liabilities Current liabilities Notes and accounts payable - trade 7,927 4,001 Short-term borrowings 4,030 8,189 Income taxes payable 1,508 1,906 Other 12,609 12,560 Total current liabilities 26,076 26,657 Non-current liabilities Long-term borrowings 1,552 1,592 Deferred tax liabilities 4,925 5,662 Retirement benefit liability 842 858 Provision for retirement benefits for directors (and other officers) 124 125 Provision for share awards for directors (and other officers) 204 215 Other 4,070 4,065 Total non-current liabilities 11,719 12,518 Total liabilities 37,795 39,176 Net assets Shareholders' equity Share capital 13,500 13,500 Capital surplus 10,793 10,793 Retained earnings 133,036 133,159 Treasury shares (8,345) (8,867) Total shareholders' equity 148,984 148,585 Accumulated other comprehensive income Valuation difference on available-for-sale securities 10,815 12,416 Foreign currency translation adjustment 17,773 20,037 Remeasurements of defined benefit plans 890 868 Total accumulated other comprehensive income 29,479 33,321 Non-controlling interests 519 477 Total net assets 178,983 182,384 Total liabilities and net assets 216,778 221,560
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the three months ended August 31, 2026 (Millions of yen) For the three months ended August 31, 2025 For the three months ended August 31, 2026 Net sales 23,005 24,670 Cost of sales 6,959 8,103 Gross profit 16,045 16,567 Selling, general and administrative expenses 11,583 13,180 Operating profit 4,462 3,387 Non-operating income Interest income 176 224 Dividend income 311 291 Rental income 34 32 Other 107 114 Total non-operating income 630 662 Non-operating expenses Interest expenses 65 89 Share of loss of entities accounted for using equity method - 19 Loss on net monetary position 34 28 Foreign exchange losses 94 147 Other 30 93 Total non-operating expenses 225 379 Ordinary profit 4,866 3,671 Extraordinary income Settlement income 550 - Total extraordinary income 550 - Extraordinary losses Impairment losses 9 20 Total extraordinary losses 9 20 Profit before income taxes 5,406 3,650 Income taxes 1,755 1,402 Profit 3,651 2,248 Profit attributable to non-controlling interests 14 8 Profit attributable to owners of parent 3,637 2,239
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Quarterly Consolidated Statement of Comprehensive Income For the three months ended August 31, 2026 (Millions of yen) For the three months ended August 31, 2025 For the three months ended August 31, 2026 Profit 3,651 2,248 Other comprehensive income Valuation difference on available-for-sale securities 1,122 1,601 Foreign currency translation adjustment (53) 2,273 Remeasurements of defined benefit plans, net of tax 6 (22) Total other comprehensive income 1,075 3,852 Comprehensive income 4,726 6,100 Comprehensive income attributable to Comprehensive income attributable to owners of parent 4,711 6,082 Comprehensive income attributable to non-controlling interests 14 18