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SEIKA, Jul-Sep (2Q) Ordinary Profit Increases by 4%
8061 SEIKA CORPORATION 【J-GAAP】
Earnings ReportSEIKA CORPORATION <8061> [TSE Prime] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.9% from the same period last year to 3.76 billion yen. However, Progress toward the full-year plan of 7.15 billion yen was 52.6%, also surpassing the five-year average of 35.7%.
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 15.9% from the same period last year to 3.39 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 3.9% from the same period last year, reaching 1.96 billion yen. However, the operating profit margin worsened from 6.7% in the same period last year to 6.4%.
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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 | 40,043 | 2,051 | 2,243 | 1,465 | 40.5 | 35.9 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 44,514 | 2,921 | 4,266 | 5,027 | 139.3 | 51.4 | Nov 12, 2024 | J-GAAP |
| Apr - Sep, 2025 | 51,835 | 3,264 | 3,760 | 3,122 | 86.7 | 52.6 | Nov 7, 2025 | J-GAAP |
| YoY | +16.4% | +11.7% | -11.9% | -37.9% | -37.8% |
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 | 50,500 | 3,100 | 3,500 | 2,800 | 77.7 | 36.67 | Aug 7, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 51,835 | 3,264 | 3,760 | 3,122 | 86.7 | 36.67 | Nov 7, 2025 | J-GAAP |
| Revision Rate | +2.6% | +5.3% | +7.4% | +11.5% | +11.6% |
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 | 49,220 | 3,566 | 4,033 | 2,772 | 77.0 | 43.33 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 53,165 | 3,336 | 3,390 | 2,928 | 81.3 | 37 | Nov 7, 2025 | J-GAAP |
| YoY | +8.0% | -6.4% | -15.9% | +5.6% | +5.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 86,785 | 5,580 | 6,255 | 4,489 | 124.2 | 50 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 93,734 | 6,487 | 8,299 | 7,799 | 216.6 | 73.33 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 105,000 | 6,600 | 7,150 | 6,050 | 168.0 | 73.67 | Aug 7, 2025 | J-GAAP |
| YoY | +12.0% | +1.7% | -13.8% | -22.4% | -22.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 24,027 | 1,603 | 1,892 | 1,273 | 35.3 | 6.7 | Nov 12, 2024 | J-GAAP |
| Oct - Dec, 2024 | 23,221 | 1,398 | 1,613 | 1,024 | 28.4 | 6.0 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 25,999 | 2,168 | 2,420 | 1,748 | 48.5 | 8.3 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 25,569 | 1,592 | 1,795 | 1,785 | 49.6 | 6.2 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 26,266 | 1,672 | 1,965 | 1,337 | 37.1 | 6.4 | Nov 7, 2025 | J-GAAP |
| YoY | +9.3% | +4.3% | +3.9% | +5.0% | +5.2% |
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