Hokuto reports 4745% operating profit surge in Q1

Hokuto Corporation reported net sales rose 3.9% to JPY18,524 million in the first quarter of fiscal 2026, while operating profit surged 4745.5% to JPY176 million.

The dramatic profit increase was driven by strong domestic mushroom sales supported by strategic sales initiatives, despite lower vegetable market prices. The company also recorded fire insurance proceeds from the Ueda Daiichi Mushroom Center as special profit.

The chemical products segment performed strongly with increased revenue from mushroom cultivation materials, while the processed foods segment declined but showed recovery signs in June.