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SEIWA ELECTRIC, First Half Ordinary Profit Increases by 55%

Fri Aug 8, 2025 4:30 pm JST Earnings

6748 SEIWA ELECTRIC MFG. CO., LTD. 【J-GAAP】

Earnings Report

SEIWA ELECTRIC MFG. CO., LTD. <6748> [TSE Std] announced its financial results after the market closed on August 8th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 0.84 billion yen, an increase 55.4% compared to the same period last year, exceeded the previous forecast of 0.62 billion yen.

Progress toward the full-year plan of 1.85 billion yen was 45.5%, almost the same as the four-year average of 45.0%.

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 July to December period (second half) is expected to decrease 26.9% from the same period last year to 1.00 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit increased 64.3% from the same period last year, reaching 0.16 billion yen. The operating profit margin improved from 0.9% in the same period last year to 2.0%.

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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 10,735 244 326 207 15.7 28.1 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 11,003 489 542 372 28.4 28.2 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 11,976 798 842 573 44.2 45.5 Aug 8, 2025 J-GAAP
YoY +8.8% +63.2% +55.4% +54.0% +55.9%

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 11,500 600 625 420 32.5 0 Feb 12, 2025 J-GAAP
Jan - Jun, 2025 Results 11,976 798 842 573 44.2 0 Aug 8, 2025 J-GAAP
Revision Rate +4.1% +33.0% +34.7% +36.4% +36.2%

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 14,212 1,283 1,379 978 74.6 18 Feb 12, 2025 J-GAAP
Jul - Dec, 2025 Guidance 14,024 1,002 1,008 672 52.0 18 Aug 8, 2025 J-GAAP
YoY -1.3% -21.9% -26.9% -31.3% -30.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 23,760 1,041 1,159 793 60.4 18 Feb 13, 2024 J-GAAP
Dec, 2024 25,215 1,772 1,921 1,350 103.0 18 Feb 12, 2025 J-GAAP
Dec, 2025 Guidance 26,000 1,800 1,850 1,245 96.3 18 Feb 12, 2025 J-GAAP
YoY +3.1% +1.6% -3.7% -7.8% -6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 5,590 49 98 71 5.4 0.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,253 332 386 286 21.8 5.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 7,959 951 993 692 52.8 11.9 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 6,236 685 681 475 36.6 11.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 5,740 113 161 98 7.6 2.0 Aug 8, 2025 J-GAAP
YoY +2.7% +130.6% +64.3% +38.0% +39.7%

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