Presentation Materials for the Third-Quarter Results for the Fiscal Year Ending December 2026 (Japanese, Slides) | Seibu Giken Co.,Ltd. (6223) timely disclosure

Worth reading

73In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

450

¥ million (increase from the previous full-year net sales forecast)

Wording

Conditional

How definitive the wording is.

Contents of this document

Earnings presentation materialsFiscal year ending December 2026: third quarter13 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥25,455 million+117.7%

Operating profit¥3,246 million+99.8%

Ordinary income¥3,441 million+107.1%

Net income¥3,069 million+127.1%

Gross Profit Margin35 %

Operating profit margin12.8 %

Selling, general and administrative expenses¥5,666 million

Results for the three months of the current quarter

Net Sales

¥8,270 million

Orders received

¥11,254 million

Order backlog

¥18,038 million

Book-to-bill

1.54 x

Full-year earnings forecast

Net Sales

¥36,500 million

Gross profit

¥12,200 million

Selling, general and administrative expenses

¥7,900 million

Operating profit

¥4,300 million

Ordinary income

¥4,500 million

Net income

¥4,200 million

EBITDA

¥5,535 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Revenue-growth effect¥2,604 million
Increase in manufacturing costs¥-2,334 million
Increase in SG&A expenses¥-680 million
Foreign exchange impact¥403 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Raw Material Price Increases and Supply Instability Caused by the Situation in the Middle EastThe impact on earnings is expected to be minor at this time

New initiatives

Initiatives to ensure a stable supply of storage batteries
Company-wide network equipment maintenance and IT investment related to AI implementation
Mass production, cost reduction and overseas expansion of C-SAVE Green
Joint research with universities on CO2 adsorption rotors

Key KPIsA metric the company considers important as a management benchmark.

EBITDA¥4,054 million
Year on year against the same period last year+102.5%
EBITDA margin15.9 %
Orders¥11,254 million
Order backlog¥18,038 million
Book-to-bill1.54 x
Number of VOC concentrator rotor replacements111.3 Year-on-year %

Segment results

By product

Desiccant dehumidifiers

¥17,062 million+158.4%

VOC concentrators

¥5,320 million+66.8%

Other

¥3,072 million+105.7%

By business

Core business (equipment and systems)

¥15,999 million+110.6%

Growth business (total engineering)

¥9,456 million+131.9%

Regional breakdown

Japan

¥12,076 million+112.9%

China

¥5,861 million+139.7%

South Korea

¥1,862 million+183.8%

Asia Excluding China and South Korea

¥1,412 million+85.9%

Europe

¥2,532 million+95.3%

United States

¥1,070 million+132.9%

North America Excluding the United States

¥365 million+140.5%

Other

¥275 million+74.8%

Medium-term management plan targets

Target fiscal year2026

Net Sales

¥36,000 million

Operating profit margin

12 %

EBITDA margin

15 %

ROE

13 %

Financial targets

Operating profit margin

Target12 %

Actuals and outlook11.2 %

EBITDA margin

Target15 %

Actuals and outlook14.6 %

ROE

Target13 %

Actuals and outlook11.8 %

Orders received and order backlog

Orders received

¥11,254 million

Order backlog

¥18,038 million

Number of employees

Consolidated785 people

Record date31 December 2025

Capital expenditures

¥5,150 million

Annual Dividend

Annual¥70

End of period¥70

Payout ratio

40 %

DetailsThe consolidated dividend payout ratio, excluding the impact of target figures, subsidies and other factors, is 40% or higher

Acquisition of treasury shares

Acquisition price¥10 100 million; 10,000 shares

Number of shares acquired¥42.5 100 million; 10,000 shares

Contents of this document
Item	Details
Document type	Earnings presentation materials
Fiscal Period Covered	Fiscal year ending December 2026: third quarter
Net Sales	¥25,455 million (YoY +117.7%)
Operating profit	¥3,246 million (YoY +99.8%)
Ordinary income	¥3,441 million (YoY +107.1%)
Net income	¥3,069 million (YoY +127.1%)
Gross Profit Margin	35 %
Operating profit margin	12.8 %
Selling, general and administrative expenses	¥5,666 million
Results for the three months of the current quarter	Net Sales ¥8,270 million / Orders received ¥11,254 million / Order backlog ¥18,038 million / Book-to-bill 1.54 x
Full-year earnings forecast	Net Sales ¥36,500 million / Gross profit ¥12,200 million / Selling, general and administrative expenses ¥7,900 million / Operating profit ¥4,300 million / Ordinary income ¥4,500 million / Net income ¥4,200 million / EBITDA ¥5,535 million
Segment results	By product Desiccant dehumidifiers ¥17,062 million (YoY +158.4%) / VOC concentrators ¥5,320 million (YoY +66.8%) / Other ¥3,072 million (YoY +105.7%) / By business Core business (equipment and systems) ¥15,999 million (YoY +110.6%) / Growth business (total engineering) ¥9,456 million (YoY +131.9%) / Regional breakdown Japan ¥12,076 million (YoY +112.9%) / China ¥5,861 million (YoY +139.7%) / South Korea ¥1,862 million (YoY +183.8%) / Asia Excluding China and South Korea ¥1,412 million (YoY +85.9%) / Europe ¥2,532 million (YoY +95.3%) / United States ¥1,070 million (YoY +132.9%) / North America Excluding the United States ¥365 million (YoY +140.5%) / Other ¥275 million (YoY +74.8%)
Breakdown of Factors Affecting the Change	Factors Revenue-growth effect / Amount ¥2,604 million, Factors Increase in manufacturing costs / Amount ¥-2,334 million, Factors Increase in SG&A expenses / Amount ¥-680 million, Factors Foreign exchange impact / Amount ¥403 million
Key KPIs	Indicator name EBITDA / Value ¥4,054 million / Year on year against the same period last year ¥102.5 million, Indicator name EBITDA margin / Value 15.9 %, Indicator name Orders / Value ¥11,254 million, Indicator name Order backlog / Value ¥18,038 million, Indicator name Book-to-bill / Value 1.54 x, Indicator name Number of VOC concentrator rotor replacements / Value 111.3 Year-on-year %
Number of employees	Consolidated 785 people / Record date 31 December 2025 / Change during the period Not disclosed
Assumptions Underlying the Business Outlook	Raw Material Price Increases and Supply Instability Caused by the Situation in the Middle East The impact on earnings is expected to be minor at this time
Medium-term management plan targets	Target fiscal year 2026 / Net Sales ¥36,000 million / Operating profit margin 12 % / EBITDA margin 15 % / ROE 13 %
Financial targets	Operating profit margin Target 12 % / Actuals and outlook 11.2 % / EBITDA margin Target 15 % / Actuals and outlook 14.6 % / ROE Target 13 % / Actuals and outlook 11.8 %
Annual Dividend	Annual ¥70 / End of period ¥70
Payout ratio	40 %
Acquisition of treasury shares	Acquisition price ¥10 100 million; 10,000 shares / Number of shares acquired ¥42.5 100 million; 10,000 shares
Capital expenditures	¥5,150 million
Orders received and order backlog	Orders received ¥11,254 million / Order backlog ¥18,038 million
New initiatives	Initiatives to ensure a stable supply of storage batteries, Company-wide network equipment maintenance and IT investment related to AI implementation, Mass production, cost reduction and overseas expansion of C-SAVE Green, Joint research with universities on CO2 adsorption rotors

Items this document does not state (7)

Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Large-scale total engineering projects in Japan and projects for desiccant dehumidifiers for batteries in China drove sales. Reasons for revising the full-year forecasts included stronger-than-expected sales of desiccant dehumidifiers for batteries in China, expected gains on the sale of investment securities and expected recognition of subsidies.

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