kabutan

SEIREN, The Current Fiscal Year Ordinary Profit Revised Upward by 14%, Raises Record High Profit Forecast, Dividend Revised Upward by 8 yen

Thu Feb 6, 2025 3:00 pm JST Earnings

3569 SEIREN CO.,LTD. 【J-GAAP】

Earnings Report

SEIREN CO.,LTD. <3569> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 21.2% from the same period last year, reaching 14.5 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 13.5%, from the previous forecast of 17 billion yen to 19.3 billion yen (compared to 16.2 billion yen in the previous period), increasing the growth rate from 4.8% to 19.0%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 29.0%, from the previous forecast of 7.93 billion yen to 10.2 billion yen (compared to 8.17 billion yen in the same period of the previous year), turning to a 25.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 68 yen (compared to 53 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 38.3% from the same period last year, reaching 5.43 billion yen. The operating profit margin rose from 10.6% in the same period last year to 13.2%.

Kabutan News

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 97,340 10,025 12,665 9,359 174.3 82.5 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 103,864 9,971 11,965 8,719 162.7 73.8 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 118,520 13,572 14,502 10,697 187.9 75.1 Feb 6, 2025 J-GAAP
YoY +14.1% +36.1% +21.2% +22.7% +15.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 77,967 8,179 7,931 5,890 100.6 30 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 81,967 9,179 10,231 7,190 122.8 38 Feb 6, 2025 J-GAAP
Revision Rate +5.1% +12.2% +29.0% +22.1% +22.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 156,000 16,400 17,000 12,600 215.1 60 Nov 13, 2024 J-GAAP
Mar, 2025 New 160,000 17,400 19,300 13,900 237.3 68 Feb 6, 2025 J-GAAP
Revision Rate +2.6% +6.1% +13.5% +10.3% +10.3%

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 75,251 8,041 8,177 6,399 119.3 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 81,967 9,179 10,231 7,190 122.8 38 Feb 6, 2025 J-GAAP
YoY +8.9% +14.2% +25.1% +12.4% +3.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 132,364 12,831 15,345 11,023 205.4 46 May 15, 2023 J-GAAP
Mar, 2024 141,915 14,068 16,214 12,156 226.5 53 May 13, 2024 J-GAAP
Mar, 2025 Guidance 160,000 17,400 19,300 13,900 237.3 68 Feb 6, 2025 J-GAAP
YoY +12.7% +23.7% +19.0% +14.3% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 37,200 3,944 3,928 2,962 55.3 10.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 38,051 4,097 4,249 3,437 64.1 10.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 38,686 4,117 4,616 3,505 63.5 10.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 39,347 4,104 4,453 3,205 57.3 10.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 40,487 5,351 5,433 3,987 70.0 13.2 Feb 6, 2025 J-GAAP
YoY +8.8% +35.7% +38.3% +34.6% +26.7%

Related Articles