Sakata Seed Reports Reduced Loss from Brazil Flooding

Sakata Seed Corporation ( (JP:1377) ) has issued an update.

Sakata Seed Corporation announced an extraordinary loss due to flooding in Brazil, impacting its subsidiary, Isla Sementes Ltda. Initially estimating damages at 700 million yen, the company revised the loss to 428 million yen after discovering usable raw materials and a shorter recovery period, affecting their interim financial results.

More about Sakata Seed Corporation

Sakata Seed Corporation operates in the agriculture industry, focusing on seed production and distribution. The company provides a variety of seeds, including vegetable and flower seeds, and targets both domestic and international markets.

YTD Price Performance: -1.73%

Average Trading Volume: 76,357

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen147.6B

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