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SEIKA, The Current Fiscal Year Ordinary Profit Revised Upward by 8%, Exceeded Record Profit Forecast, Dividend Revised Upward by 10 yen

Thu Feb 13, 2025 2:00 pm JST Earnings

8061 SEIKA CORPORATION 【J-GAAP】

Earnings Report

SEIKA CORPORATION <8061> [TSE Prime] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.87 billion yen, an increase 56.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 8.1%, from the previous forecast of 7.4 billion yen to 8 billion yen (compared to 6.25 billion yen in the previous period), increasing the growth rate from 18.3% to 27.9%. The company has further increased its previous forecast of record profits for the first time in two years.

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) has been revised upward 19.1%, from the previous forecast of 3.13 billion yen to 3.73 billion yen (compared to 4.01 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 21.9% to 6.9%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 210 yen to 220 yen (compared to 150 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.0% from the same period last year, reaching 1.61 billion yen. However, the operating profit margin worsened from 6.8% in the same period last year to 6.0%.

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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 63,521 2,614 2,410 1,795 149.4 38.3 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 60,630 3,451 3,765 2,501 207.5 60.2 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 67,735 4,319 5,879 6,051 503.8 73.5 Feb 13, 2025 J-GAAP
YoY +11.7% +25.2% +56.1% +141.9% +142.7%

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 48,486 2,779 3,134 2,073 173.1 120 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 49,486 3,279 3,734 2,473 206.4 130 Feb 13, 2025 J-GAAP
Revision Rate +2.1% +18.0% +19.1% +19.3% +19.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 93,000 5,700 7,400 7,100 592.7 210 Nov 12, 2024 J-GAAP
Mar, 2025 New 94,000 6,200 8,000 7,500 626.1 220 Feb 13, 2025 J-GAAP
Revision Rate +1.1% +8.8% +8.1% +5.6% +5.6%

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 46,742 3,529 4,012 3,024 250.9 90 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 49,486 3,279 3,734 2,473 206.4 130 Feb 13, 2025 J-GAAP
YoY +5.9% -7.1% -6.9% -18.2% -17.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 93,311 4,636 6,286 5,001 415.8 90 May 12, 2023 J-GAAP
Mar, 2024 86,785 5,580 6,255 4,489 372.5 150 May 10, 2024 J-GAAP
Mar, 2025 Guidance 94,000 6,200 8,000 7,500 626.1 220 Feb 13, 2025 J-GAAP
YoY +8.3% +11.1% +27.9% +67.1% +68.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,587 1,400 1,522 1,036 86.0 6.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 26,155 2,129 2,490 1,988 165.0 8.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 20,487 1,318 2,374 3,754 311.5 6.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 24,027 1,603 1,892 1,273 105.8 6.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 23,221 1,398 1,613 1,024 85.3 6.0 Feb 13, 2025 J-GAAP
YoY +12.8% -0.1% +6.0% -1.2% -0.8%

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