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Seibu Electric & Machinery, First Half Ordinary Profit Increases by 2.1 times
6144 Seibu Electric & Machinery Co., Ltd. 【J-GAAP】
Earnings ReportSeibu Electric & Machinery Co., Ltd. <6144> [TSE Std] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.1 times that of the same period last year, reaching 1.40 billion yen, exceeded the previous forecast of 1.05 billion yen.
Progress toward the full-year plan of 3.59 billion yen was 39.1%, exceeding the five-year average of 29.0%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.5% from the same period last year to 2.18 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 88.3% from the same period last year, reaching 1.12 billion yen. The operating profit margin significantly improved from 7.7% in the same period last year to 11.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 14,475 | 1,093 | 1,119 | 756 | 50.1 | 38.9 | Nov 14, 2023 | J-GAAP |
| Apr - Sep, 2024 | 14,296 | 649 | 684 | 452 | 30.0 | 20.9 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 | 16,759 | 1,369 | 1,404 | 1,394 | 92.3 | 39.1 | Nov 14, 2025 | J-GAAP |
| YoY | +17.2% | +110.9% | +105.3% | +208.4% | +207.9% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 15,400 | 1,000 | 1,050 | 1,090 | 72.2 | 42 | Jul 31, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 16,759 | 1,369 | 1,404 | 1,394 | 92.3 | 42 | Nov 14, 2025 | J-GAAP |
| Revision Rate | +8.8% | +36.9% | +33.7% | +27.9% | +27.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 19,056 | 2,543 | 2,587 | 1,898 | 125.7 | 42 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 19,341 | 2,131 | 2,186 | 1,426 | 94.4 | 42 | Nov 14, 2025 | J-GAAP |
| YoY | +1.5% | -16.2% | -15.5% | -24.9% | -24.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 31,945 | 2,782 | 2,876 | 1,977 | 131.0 | 40 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 33,352 | 3,192 | 3,271 | 2,350 | 155.6 | 84 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 36,100 | 3,500 | 3,590 | 2,820 | 186.7 | 84 | Jul 31, 2025 | J-GAAP |
| YoY | +8.2% | +9.6% | +9.8% | +20.0% | +20.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 7,787 | 603 | 597 | 386 | 25.6 | 7.7 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 8,587 | 1,080 | 1,125 | 771 | 51.1 | 12.6 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 10,469 | 1,463 | 1,462 | 1,127 | 74.6 | 14.0 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,897 | 229 | 280 | 200 | 13.3 | 3.3 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 9,862 | 1,140 | 1,124 | 1,194 | 79.1 | 11.6 | Nov 14, 2025 | J-GAAP |
| YoY | +26.6% | +89.1% | +88.3% | +209.3% | +208.9% |
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