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

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%

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