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SEIKO, Operating Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 5% Increase, Raises Record High Profit
6286 SEIKO CORPORATION 【J-GAAP】
Earnings ReportSEIKO CORPORATION <6286> [TSE Std] announced its financial results in the afternoon session on February 13th (14:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 28.2% from the same period last year, reaching 1.33 billion yen.
In addition, the full-year forecast for consolidated operating profit has been revised upward 15.4%, from the previous forecast of 1.30 billion yen to 1.50 billion yen (compared to 1.42 billion yen in the previous period), record profits reach two consecutive terms, turning to a 5.0% increase in the consolidated operating profit outlook.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated operating profit for the October to March period (second half) has been revised upward 40.1%, from the previous forecast of 0.49 billion yen to 0.69 billion yen (compared to 0.76 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.0% to 9.0%.
In the most recent three-month period, from October to December (3Q), the consolidated operating profit increased 40.3% from the same period last year, reaching 0.53 billion yen. The operating profit margin improved from 3.7% in the same period last year to 4.7%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 26,050 | 460 | 570 | 425 | 65.7 | 57.1 | Feb 7, 2024 | J-GAAP |
| Apr - Dec, 2024 | 29,056 | 1,043 | 1,171 | 706 | 109.3 | 74.3 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 32,833 | 1,337 | 1,467 | 883 | 136.8 | 104.8 | Feb 13, 2026 | J-GAAP |
| YoY | +13.0% | +28.2% | +25.3% | +25.1% | +25.2% |
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 | 22,492 | 499 | 527 | 646 | 100.0 | 14 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 22,492 | 699 | 527 | 646 | 100.0 | 14 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | +40.1% | 0.0% | 0.0% | 0.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 44,000 | 1,300 | 1,400 | 1,200 | 185.8 | 26 | Oct 29, 2025 | J-GAAP |
| Mar, 2026 New | 44,000 | 1,500 | 1,400 | 1,200 | 185.8 | 26 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | +15.4% | 0.0% | 0.0% | 0.0% |
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 | 21,441 | 768 | 828 | 620 | 96.0 | 10 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 22,492 | 699 | 527 | 646 | 100.0 | 14 | Feb 13, 2026 | J-GAAP |
| YoY | +4.9% | -9.0% | -36.4% | +4.2% | +4.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 36,102 | 882 | 998 | 779 | 120.5 | 16 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 40,099 | 1,429 | 1,576 | 1,045 | 161.8 | 20 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 44,000 | 1,500 | 1,400 | 1,200 | 185.8 | 26 | Feb 13, 2026 | J-GAAP |
| YoY | +9.7% | +5.0% | -11.2% | +14.8% | +14.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 10,398 | 382 | 423 | 281 | 43.5 | 3.7 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 11,043 | 386 | 405 | 339 | 52.5 | 3.5 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 10,678 | 346 | 400 | 197 | 30.6 | 3.2 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,830 | 455 | 473 | 357 | 55.3 | 4.2 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 11,325 | 536 | 594 | 329 | 51.0 | 4.7 | Feb 13, 2026 | J-GAAP |
| YoY | +8.9% | +40.3% | +40.4% | +17.1% | +17.2% |
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