SEIKO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 2.1 times, Oct-Dec Ordinary Profit Increases by 44%

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Wed Feb 12, 2025 3:30 pm JST Earnings

6286 SEIKO CORPORATION 【J-GAAP】

Earnings Report

SEIKO CORPORATION <6286> [TSE Std] 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) surged 2.1 times that of the same period last year, reaching 1.17 billion yen. The progress rate toward the full-year plan of 1.4 billion yen was 83.6%, also surpassing the five-year average of 47.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 46.5% from the same period last year to 0.22 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 44.4% from the same period last year, reaching 0.42 billion yen. The operating profit margin improved from 2.6% in the same period last year to 3.7%.

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	25,160	215	320	101	16.1	47.4	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	26,050	460	570	425	65.7	57.1	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	29,056	1,043	1,171	706	109.3	83.6	Feb 12, 2025	J-GAAP
YoY	+11.5%	+126.7%	+105.4%	+66.1%	+66.3%

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	19,821	675	721	584	90.4	8	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,342	639	652	475	73.5	10	Jan 29, 2025	J-GAAP
YoY	+2.6%	-5.3%	-9.6%	-18.7%	-18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,535	548	675	331	52.6	16	May 12, 2023	J-GAAP
Mar, 2024	36,102	882	998	779	120.5	16	May 15, 2024	J-GAAP
Mar, 2025 Guidance	39,000	1,300	1,400	900	139.3	20	Jan 29, 2025	J-GAAP
YoY	+8.0%	+47.4%	+40.3%	+15.5%	+15.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,769	253	293	230	35.6	2.6	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	10,052	422	428	354	54.8	4.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	9,104	281	332	180	27.9	3.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	9,554	380	416	245	37.9	4.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	10,398	382	423	281	43.5	3.7	Feb 12, 2025	J-GAAP
YoY	+6.4%	+51.0%	+44.4%	+22.2%	+22.3%