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SEIKO CORPORATION, First Half Ordinary Profit Increases by 2.7 times, July-September Ordinary Profit Increases by 93%

Fri Nov 8, 2024 3:30 pm JST Earnings

6286 SEIKO CORPORATION 【J-GAAP】

Earnings Report

SEIKO CORPORATION <6286> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 748 million yen. The progress rate against the 980 million yen full-year plan was 76.3%, also surpassing the five-year average of 27.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 67.8% from the same period last year to 232 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 93.5% from the same period last year, reaching 416 million yen. The operating profit margin improved from 2.5% in the same period last year to 4.0%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 16,623 170 233 -100 -16.0 34.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 16,281 207 277 195 30.3 27.8 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 18,658 661 748 425 65.8 76.3 Nov 8, 2024 J-GAAP
YoY +14.6% +219.3% +170.0% +117.9% +117.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 10 Sep 18, 2024 J-GAAP
Apr - Sep, 2024 Results 18,658 661 748 425 65.8 10 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 19,821 675 721 584 90.4 8 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,842 219 232 195 30.2 8 Nov 8, 2024 J-GAAP
YoY -4.9% -67.6% -67.8% -66.6% -66.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,535 548 675 331 52.6 16 May 12, 2023 J-GAAP
Mar, 2024 36,102 882 998 779 120.5 16 May 15, 2024 J-GAAP
Mar, 2025 Guidance 37,500 880 980 620 95.9 18 Sep 18, 2024 J-GAAP
YoY +3.9% -0.2% -1.8% -20.4% -20.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,315 212 215 197 30.6 2.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 9,769 253 293 230 35.6 2.6 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,052 422 428 354 54.8 4.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,104 281 332 180 27.9 3.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 9,554 380 416 245 37.9 4.0 Nov 8, 2024 J-GAAP
YoY +14.9% +79.2% +93.5% +24.4% +24.1%

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