SEIKO GROUP, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

8050 SEIKO GROUP CORPORATION 【J-GAAP】

Earnings Report

SEIKO GROUP CORPORATION <8050> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 20.7 billion yen, an increase 35.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 11.1%, from the previous forecast of 18 billion yen to 20 billion yen (compared to 15.8 billion yen in the previous period), increasing the growth rate from 13.3% to 25.8%, further surpassing the previous forecast of record-high profits for two 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 38.7%, from the previous forecast of 5.16 billion yen to 7.16 billion yen (compared to 6.64 billion yen in the same period of the previous year), turning to a 7.8% 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 90 yen to 95 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 30.9% from the same period last year, reaching 7.95 billion yen. The operating profit margin improved from 8.0% in the same period last year to 9.1%.

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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	197,459	12,446	12,716	8,104	196.4	113.9	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	205,672	14,143	15,321	10,643	258.0	96.4	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	232,514	20,798	20,784	12,935	316.9	103.9	Feb 12, 2025	J-GAAP
YoY	+13.1%	+47.1%	+35.7%	+21.5%	+22.8%

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	154,999	4,649	5,167	2,833	69.4	45	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	154,999	6,649	7,167	3,833	93.8	50	Feb 12, 2025	J-GAAP
Revision Rate	0.0%	+43.0%	+38.7%	+35.3%	+35.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	306,000	18,000	18,000	11,500	281.6	90	Aug 13, 2024	J-GAAP
Mar, 2025 New	306,000	20,000	20,000	12,500	306.0	95	Feb 12, 2025	J-GAAP
Revision Rate	0.0%	+11.1%	+11.1%	+8.7%	+8.7%

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	6,649	7,167	3,833	93.8	50	Feb 12, 2025	J-GAAP
YoY	+6.5%	+1.1%	+7.8%	+1.7%	+2.4%

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	20,000	20,000	12,500	306.0	95	Feb 12, 2025	J-GAAP
YoY	+10.5%	+35.7%	+25.8%	+24.4%	+25.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	81,513	7,447	7,951	4,268	104.6	9.1	Feb 12, 2025	J-GAAP
YoY	+9.6%	+24.5%	+30.9%	-2.2%	-1.1%