Hokuto reports strong Q2, driven by mushroom sales and chemical business growth

Hokuto Corporation reported a significant increase in both sales and operating profit for the second quarter of the fiscal year ending March 2026. Consolidated net sales reached 38,080 million yen, a 5.8% increase from the previous year, with operating profit climbing to 58 million yen, a substantial improvement from the -282 million yen loss reported in the same period last year. Net profit for the period was 1,401 million yen, a remarkable increase from -499 million yen previously. This positive performance was largely attributed to strong mushroom prices in the domestic market and increased sales in the agricultural materials sector of the chemicals business.

The domestic mushroom business experienced firm prices due to new market development and area strategies. The chemicals business saw increased sales from large equipment projects in its agricultural materials division. The company also revised its full-year consolidated performance forecast, with projected net sales increasing to 84,700 million yen and operating profit to 5,830 million yen.

Looking ahead, Hokuto plans an interim dividend of 10 yen per share and a year-end dividend of 42 yen per share for the fiscal year ending March 2026. The company also announced the renewal of its Enoki mushroom after 26 years, reflecting continuous product improvement and market adaptation.