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SEIKO ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 Yen

Thu Jul 31, 2025 3:30 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 July 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 17.9% from the same period last year, reaching 1.52 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.3%, from the previous forecast of 2.85 billion yen to 3.00 billion yen (compared to 2.35 billion yen in the previous period), increasing the growth rate from 20.8% to 27.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 38.5% from the same period last year, reaching 1.47 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 50 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 22.3% from the same period last year, reaching 0.36 billion yen. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 4.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 12,556 842 948 618 50.9 52.2 Jul 26, 2023 J-GAAP
Jan - Jun, 2024 14,237 1,013 1,297 844 69.4 55.0 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 14,415 1,338 1,529 976 72.3 51.0 Jul 31, 2025 J-GAAP
YoY +1.3% +32.1% +17.9% +15.6% +4.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 14,300 1,300 1,490 940 69.5 22.50 Apr 23, 2025 J-GAAP
Jan - Jun, 2025 Results 14,415 1,338 1,529 976 72.3 25 Jul 31, 2025 J-GAAP
Revision Rate +0.8% +2.9% +2.6% +3.8% +4.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 33,000 2,600 2,850 1,850 136.8 45 Feb 5, 2025 J-GAAP
Dec, 2025 New 33,000 2,600 3,000 1,950 144.2 50 Jul 31, 2025 J-GAAP
Revision Rate 0.0% 0.0% +5.3% +5.4% +5.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 14,862 1,003 1,062 692 56.0 20 Feb 5, 2025 J-GAAP
Jul - Dec, 2025 Guidance 18,585 1,262 1,471 974 72.0 25 Jul 31, 2025 J-GAAP
YoY +25.1% +25.8% +38.5% +40.8% +28.7%

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 3,000 1,950 144.2 50 Jul 31, 2025 J-GAAP
YoY +13.4% +29.0% +27.2% +27.0% +16.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 5,911 237 367 230 17.0 4.0 Jul 31, 2025 J-GAAP
YoY -7.7% -2.5% +22.3% +35.3% +21.9%

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