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Earnings presentation6286SEIKO CORPORATIONMachinery

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the second quarter of the fiscal year ending March 2027, consolidated revenue increased due to higher revenue in the industrial machinery, cold forging, electrical equipment and vehicle-related businesses, among others. Operating profit, ordinary profit and net income decreased due to higher selling, general and administrative expenses resulting from upfront investment in human capital, among other factors.

Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-15
¥ million (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,835 million+1.5%
Operating profit¥786 million-1.9%
Ordinary income¥867 million-0.6%
Net income¥514 million-7.2%
Operating profit margin3.6 %
Full-year earnings forecast
Net Sales
¥46,000 million
Operating profit
¥1,600 million
Ordinary income
¥1,700 million
Net income for the current fiscal year
¥1,000 million
Dividend per share
¥28
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales47.4 %
Operating profit49.1 %
Ordinary income51.1 %
Net income for the current fiscal year51.4 %
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¥70 million
  • Margin Improvement¥47 million
  • Decrease in SG&A expenses¥68 million
  • Upfront Investment in Human Capital¥-200 million
New initiatives
  • Accelerate upfront investment in human capital
  • Installation of a microgrid system on the headquarters rooftop and the self-consumption solutions business
  • Develop Asian markets based out of the Jakarta representative office
  • Develop heat sinks for automotive and home appliance applications using cold forging
  • Introduce a brand message and statement logo
Key KPIsA metric the company considers important as a management benchmark.
  • Earnings per share¥79.62
    yoy_change¥6.21 decrease year on year
  • CO2 emissions reduction at headquarters28 tonnes
Segment results
  • Industrial Machinery business
    Net Sales¥4,425 million (YoY -2.5%)
    Operating profit¥834 million (YoY +18.0%)
  • Cold Forging Business
    Net Sales¥863 million (YoY +10.2%)
    Operating profit¥90 million (YoY +69.4%)
  • Electrical Equipment Business
    Net Sales¥4,132 million (YoY +2.6%)
    Operating profit¥309 million (YoY +1.6%)
  • Vehicle-Related Business
    Net Sales¥12,347 million (YoY +2.2%)
    Operating profit¥153 million (YoY -4.2%)
  • Real estate and other leasing
    Net Sales¥66 million (YoY -6.9%)
    Operating profit¥60 million (YoY -33.6%)
Medium-term management plan targets
Net Sales
¥51,500 million
Target fiscal yearFiscal year ending March 2029
Operating profit
¥2,100 million
Target fiscal yearFiscal year ending March 2029
Market Size / Share
BYD Global Unit Sales1,850,000 units
Global Unit Sales10,090,000 units
unit_noteunits
Orders received and order backlog
The industrial machinery business has referred to a substantial order backlog, but the amount is not disclosed
Number of stores and locations
Number of stores11 Subaru new-car stores and 2 used-car stores, 2 Porsche new-car stores and 1 used-car store, 1 Volvo new-car store and 1 used-car store, and 3 BYD new-car stores
Number of employees
892 people as of the end of March 2026
Hiring planContinue hiring
Annual Dividend
¥28
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥21,835 million (YoY +1.5%)
Operating profit¥786 million (YoY -1.9%)
Ordinary income¥867 million (YoY -0.6%)
Net income¥514 million (YoY -7.2%)
Operating profit margin3.6 %
Full-year earnings forecastNet Sales ¥46,000 million / Operating profit ¥1,600 million / Ordinary income ¥1,700 million / Net income for the current fiscal year ¥1,000 million / Dividend per share ¥28
Progress against full-year forecastNet Sales 47.4 % / Operating profit 49.1 % / Ordinary income 51.1 % / Net income for the current fiscal year 51.4 %
Segment resultsSegment Industrial Machinery business / Net Sales ¥4,425 million (YoY -2.5%) / Operating profit ¥834 million (YoY +18.0%), Segment Cold Forging Business / Net Sales ¥863 million (YoY +10.2%) / Operating profit ¥90 million (YoY +69.4%), Segment Electrical Equipment Business / Net Sales ¥4,132 million (YoY +2.6%) / Operating profit ¥309 million (YoY +1.6%), Segment Vehicle-Related Business / Net Sales ¥12,347 million (YoY +2.2%) / Operating profit ¥153 million (YoY -4.2%), Segment Real estate and other leasing / Net Sales ¥66 million (YoY -6.9%) / Operating profit ¥60 million (YoY -33.6%)
Breakdown of Factors Affecting the ChangeFactors Revenue Growth / Amount ¥70 million, Factors Margin Improvement / Amount ¥47 million, Factors Decrease in SG&A expenses / Amount ¥68 million, Factors Upfront Investment in Human Capital / Amount ¥-200 million
Key KPIsEarnings per share ¥79.62, CO2 emissions reduction at headquarters 28 tonnes
Number of stores and locationsNumber of stores 11 Subaru new-car stores and 2 used-car stores, 2 Porsche new-car stores and 1 used-car store, 1 Volvo new-car store and 1 used-car store, and 3 BYD new-car stores / Number of store openings and closures during the period Not disclosed
Number of employees892 people (as of the end of March 2026)
Medium-term management plan targetsNet Sales ¥51,500 million / Operating profit ¥2,100 million
Annual Dividend¥28
Orders received and order backlogThe industrial machinery business has referred to a substantial order backlog, but the amount is not disclosed
Market Size / ShareBYD Global Unit Sales 1,850,000 units / Global Unit Sales 10,090,000 units / unit_note units
New initiativesAccelerate upfront investment in human capital, Installation of a microgrid system on the headquarters rooftop and the self-consumption solutions business, Develop Asian markets based out of the Jakarta representative office, Develop heat sinks for automotive and home appliance applications using cold forging, Introduce a brand message and statement logo
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresKey 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.

Revenue increased due to proactive proposal-based sales, the maintenance of high operating levels and cost-reduction initiatives, while selling, general and administrative expenses increased because of upfront investment in human capital, including continued hiring and employee development, a core measure of the medium-term management plan, resulting in lower profit.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | SEIKO CORPORATION (6286) timely disclosure | Komori