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SEIKO GROUP CORPORATION, First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 35%

Tue Nov 12, 2024 3:30 pm JST Earnings

8050 SEIKO GROUP CORPORATION 【J-GAAP】

Earnings Report

SEIKO GROUP CORPORATION <8050> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 12.8 billion yen, an increase of 38.8% compared to the same period last year. The progress rate against the 18 billion yen full-year plan was 71.3%, almost the same as the five-year average of 72.9%.

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 decrease by 22.3% from the same period last year to 5.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 34.5% from the same period last year, reaching 7.41 billion yen. The operating profit margin improved from 7.8% in the same period last year to 10.7%.

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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 129,921 8,847 9,567 5,292 128.3 85.7 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 131,295 8,160 9,247 6,281 152.1 58.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 151,001 13,351 12,833 8,667 212.4 71.3 Nov 12, 2024 J-GAAP
YoY +15.0% +63.6% +38.8% +38.0% +39.6%

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 － 45 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 151,001 13,351 12,833 8,667 212.4 45 Nov 12, 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 145,512 6,577 6,647 3,770 91.7 42.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 154,999 4,649 5,167 2,833 69.4 45 Nov 12, 2024 J-GAAP
YoY +6.5% -29.3% -22.3% -24.9% -24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 260,504 11,233 11,167 5,028 121.9 75 May 9, 2023 J-GAAP
Mar, 2024 276,807 14,737 15,894 10,051 244.3 80 May 14, 2024 J-GAAP
Mar, 2025 Guidance 306,000 18,000 18,000 11,500 281.6 90 Aug 13, 2024 J-GAAP
YoY +10.5% +22.1% +13.3% +14.4% +15.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 68,346 5,337 5,515 3,870 93.7 7.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 74,377 5,983 6,074 4,362 105.7 8.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 71,135 594 573 -592 -14.4 0.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 74,040 5,104 5,415 3,492 85.7 6.9 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 76,961 8,247 7,418 5,175 126.8 10.7 Nov 12, 2024 J-GAAP
YoY +12.6% +54.5% +34.5% +33.7% +35.3%

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