MK SEIKO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 2%, Exceeds Full-Year Plan

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Thu Jan 30, 2025 3:30 pm JST Earnings

5906 MK SEIKO CO., LTD. 【J-GAAP】

Earnings Report

MK SEIKO CO., LTD. <5906> [TSE Std] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 2.35 billion yen, a 1.5% increase compared to the same period last year. The progress rate toward the full-year plan of 1.8 billion yen is 130.6%, already exceeding the target and also exceeding the five-year average of 108.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.55 billion yen (compared to a loss of 0.06 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.82 billion yen, a 34.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.8% in the same period last year to 9.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	21,242	1,649	1,759	1,202	82.3	96.9	Jan 26, 2023	J-GAAP
Apr - Dec, 2023	22,602	2,191	2,315	1,510	103.1	102.8	Jan 26, 2024	J-GAAP
Apr - Dec, 2024	22,954	2,270	2,350	1,579	107.5	130.6	Jan 30, 2025	J-GAAP
YoY	+1.6%	+3.6%	+1.5%	+4.6%	+4.3%

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	14,679	1,147	1,207	58	4.0	8	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,670	287	278	191	13.0	8	Oct 25, 2024	J-GAAP
YoY	-13.7%	-75.0%	-77.0%	+229.3%	+227.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,327	1,694	1,816	1,167	79.9	10	Apr 27, 2023	J-GAAP
Mar, 2024	28,474	2,127	2,253	713	48.7	8	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	27,500	1,800	1,800	1,200	81.5	8	Oct 25, 2024	J-GAAP
YoY	-3.4%	-15.4%	-20.1%	+68.3%	+67.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,807	1,211	1,269	855	58.4	13.8	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	5,872	-64	-62	-797	-54.4	-1.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	7,040	731	768	515	35.1	10.4	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	7,790	782	754	494	32.9	10.0	Oct 25, 2024	J-GAAP
Oct - Dec, 2024	8,124	757	828	570	38.8	9.3	Jan 30, 2025	J-GAAP
YoY	-7.8%	-37.5%	-34.8%	-33.3%	-33.5%