MK SEIKO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 14% Increase, Highest in Two Terms, Dividend Revised Upward by 3 Yen

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Fri Jan 30, 2026 3:30 pm JST Earnings

5906 MK SEIKO CO., LTD. 【J-GAAP】

Earnings Report

MK SEIKO CO., LTD. <5906> [TSE Std] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 20.1% from the same period last year, reaching 2.82 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 41.2%, from the previous forecast of 1.70 billion yen to 2.40 billion yen (compared to 2.11 billion yen in the previous period), reaches new record high for the first time in two terms, turning to a 13.7% increase in the consolidated ordinary profit outlook.

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 (second half) is expected to increase 2.8 times, from the previous forecast of 0.38 billion yen to 1.08 billion yen (compared to 0.58 billion yen in the same period of the previous year), turning to an 83.9% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 12 yen to 15 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 81.8% from the same period last year, reaching 1.50 billion yen. The operating profit margin drastically improved from 9.3% in the same period last year to 16.1%.

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, 2023	22,602	2,191	2,315	1,510	103.1	102.8	Jan 26, 2024	J-GAAP
Apr - Dec, 2024	22,954	2,270	2,350	1,579	107.5	111.3	Jan 30, 2025	J-GAAP
Apr - Dec, 2025	23,186	2,684	2,822	2,274	161.3	117.6	Jan 30, 2026	J-GAAP
YoY	+1.0%	+18.2%	+20.1%	+44.0%	+50.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	13,633	468	383	99	7.1	12	Oct 29, 2025	J-GAAP
Oct - Mar, 2025 New	14,833	1,068	1,083	549	39.4	15	Jan 30, 2026	J-GAAP
Revision Rate	+8.8%	+128.2%	+182.8%	+454.5%	+454.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	27,800	1,700	1,700	1,350	96.9	12	Jul 29, 2025	J-GAAP
Mar, 2026 New	29,000	2,300	2,400	1,800	129.3	15	Jan 30, 2026	J-GAAP
Revision Rate	+4.3%	+35.3%	+41.2%	+33.3%	+33.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	13,438	480	589	325	22.1	10	Apr 25, 2025	J-GAAP
Oct - Mar, 2025 Guidance	14,833	1,068	1,083	549	39.4	15	Jan 30, 2026	J-GAAP
YoY	+10.4%	+122.5%	+83.9%	+68.9%	+78.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	28,474	2,127	2,253	713	48.7	8	Apr 26, 2024	J-GAAP
Mar, 2025	28,268	1,993	2,111	1,334	90.8	10	Apr 25, 2025	J-GAAP
Mar, 2026 Guidance	29,000	2,300	2,400	1,800	129.3	15	Jan 30, 2026	J-GAAP
YoY	+2.6%	+15.4%	+13.7%	+34.9%	+42.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	8,124	757	828	570	38.8	9.3	Jan 30, 2025	J-GAAP
Jan - Mar, 2025	5,314	-277	-239	-245	-16.7	-5.2	Apr 25, 2025	J-GAAP
Apr - Jun, 2025	6,134	357	383	237	16.5	5.8	Jul 29, 2025	J-GAAP
Jul - Sep, 2025	8,033	875	934	1,014	71.5	10.9	Oct 29, 2025	J-GAAP
Oct - Dec, 2025	9,019	1,452	1,505	1,023	72.6	16.1	Jan 30, 2026	J-GAAP
YoY	+11.0%	+91.8%	+81.8%	+79.5%	+87.1%