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SEIKO ELECTRIC, First Half Ordinary Profit Revised Upward to an Unexpected 15% Increase, Raises Record High Profit

Wed Apr 23, 2025 5:00 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 April 23rd (17:00). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2025 (January to March) increased 16.5% from the same period last year, reaching 1.16 billion yen.

In addition, the January to June period (1H) consolidated ordinary profit has been revised upward 27.4%, from the previous forecast of 1.17 billion yen to 1.49 billion yen (compared to 1.29 billion yen in the same period of the previous year), record profits reach seven consecutive terms, turning to a 14.9% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year consolidated ordinary profit forecast remains unchanged from the estimate of 2.85 billion yen(compared to 2.35 billion yen in the previous period).

In the most recent three-month period, from January to March (1Q), the operating profit margin significantly improved from 9.8% in the same period last year to 12.9%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2023 6,695 656 649 432 35.6 68.5 Apr 26, 2023 J-GAAP
Jan - Mar, 2024 7,836 770 997 674 55.4 76.9 Apr 26, 2024 J-GAAP
Jan - Mar, 2025 8,504 1,101 1,162 746 55.3 78.0 Apr 23, 2025 J-GAAP
YoY +8.5% +43.0% +16.5% +10.7% -0.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 14,200 1,050 1,170 760 56.2 22.50 Feb 5, 2025 J-GAAP
Jan - Jun, 2025 New 14,300 1,300 1,490 940 69.5 22.50 Apr 23, 2025 J-GAAP
Revision Rate +0.7% +23.8% +27.4% +23.7% +23.7%

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 14,300 1,300 1,490 940 69.5 22.50 Apr 23, 2025 J-GAAP
YoY +0.4% +28.3% +14.9% +11.4% +0.1%

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
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
Jan - Mar, 2025 8,504 1,101 1,162 746 55.3 12.9 Apr 23, 2025 J-GAAP
YoY +8.5% +43.0% +16.5% +10.7% -0.2%

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