kabutan

SEIHYO, First Half Ordinary Profit Increases by 1%, Exceeds Full-Year Plan

Tue Oct 14, 2025 4:00 pm JST Earnings

2872 SEIHYO CO.,LTD. 【J-GAAP】

Earnings Report

SEIHYO CO.,LTD. <2872> [TSE Std] announced its financial results after the market closed on October 14th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2026 (March to August) was 202 million yen, a 1.0% increase compared to the same period last year. Progress toward the full-year plan of 125 million yen is 161.6%, but it was lower than the five-year average of 228.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the September to February period (second half) is expected to nearly flat at loss of 77 million yen (compared to a loss of 77 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit decreased to 145 million yen, an 11.0% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 8.0%.

Kabutan News

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
Mar - Aug, 2023 2,814 129 134 108 70.2 203.0 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 2,820 183 200 157 112.8 162.6 Oct 10, 2024 J-GAAP
Mar - Aug, 2025 3,097 188 202 133 95.3 161.6 Oct 14, 2025 J-GAAP
YoY +9.8% +2.7% +1.0% -15.3% -15.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 3,100 195 205 160 114.0 － Apr 11, 2025 J-GAAP
Mar - Aug, 2025 Results 3,097 188 202 133 95.3 － Oct 14, 2025 J-GAAP
Revision Rate -0.1% -3.6% -1.5% -16.9% -16.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 1,664 -87 -77 -38 -27.4 18 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 1,503 -68 -77 -23 -16.4 18 Oct 14, 2025 J-GAAP
YoY -9.7% +21.8% 0.0% +39.5% +40.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 4,256 54 66 61 40.0 17 Apr 12, 2024 J-GAAP
Feb, 2025 4,484 96 123 119 85.7 18 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 4,600 120 125 110 78.4 18 Apr 11, 2025 J-GAAP
YoY +2.6% +25.0% +1.6% -7.6% -8.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 1,700 149 163 126 90.5 8.8 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 1,055 18 19 12 8.7 1.7 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 609 -105 -96 -50 -36.0 -17.2 Apr 11, 2025 J-GAAP
Mar - May, 2025 1,338 47 57 38 27.6 3.5 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 1,759 141 145 95 68.1 8.0 Oct 14, 2025 J-GAAP
YoY +3.5% -5.4% -11.0% -24.6% -24.8%

Related Articles