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SEIKO ELECTRIC, 21% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Dividend Raised by 5 yen

Wed Feb 5, 2025 3:30 pm JST Earnings

6653 SEIKO ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SEIKO ELECTRIC CO.,LTD. <6653> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 29.9% from the previous period to 2.35 billion yen, exceeding the previous forecast of 2.05 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 20.8% to 2.85 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the thirteenth consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 45 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 7.2% from the same period last year, reaching 0.67 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,007 1,440 1,612 1,082 89.3 30 Feb 1, 2023 J-GAAP
Dec, 2023 27,071 1,622 1,816 1,202 98.9 35 Feb 8, 2024 J-GAAP
Dec, 2024 29,099 2,016 2,359 1,536 124.2 40 Feb 5, 2025 J-GAAP
YoY +7.5% +24.3% +29.9% +27.8% +25.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 30,000 2,000 2,050 1,350 100.1 40 Feb 8, 2024 J-GAAP
Dec, 2024 Results 29,099 2,016 2,359 1,536 124.2 40 Feb 5, 2025 J-GAAP
Revision Rate -3.0% +0.8% +15.1% +13.8% +24.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 14,237 1,013 1,297 844 69.4 20 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 Guidance 14,200 1,050 1,170 760 56.2 22.50 Feb 5, 2025 J-GAAP
YoY -0.3% +3.7% -9.8% -10.0% -19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 27,071 1,622 1,816 1,202 98.9 35 Feb 8, 2024 J-GAAP
Dec, 2024 29,099 2,016 2,359 1,536 124.2 40 Feb 5, 2025 J-GAAP
Dec, 2025 Guidance 33,000 2,600 2,850 1,850 136.8 45 Feb 5, 2025 J-GAAP
YoY +13.4% +29.0% +20.8% +20.4% +10.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,468 560 625 420 34.6 6.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 7,836 770 997 674 55.4 9.8 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 6,401 243 300 170 14.0 3.8 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 6,029 332 392 237 19.5 5.5 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 8,833 671 670 455 36.8 7.6 Feb 5, 2025 J-GAAP
YoY +4.3% +19.8% +7.2% +8.3% +6.5%

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