Seiren (3569) investor relations material

Executive summary

• Net sales and profits reached record highs for the first quarter, with six consecutive years of first-quarter growth in both sales and profits.

• Q1 FY2026 net sales were ¥49,145 million, up 21.0% year-over-year, with operating profit at ¥6,667 million (up 23.5%), ordinary profit at ¥7,096 million (up 24.4%), and net profit attributable to owners at ¥4,656 million (up 13.9%).

• Comprehensive income surged to ¥6,853 million from ¥138 million a year earlier.

• Automotive Interior, Electronics, and Environmental & Life materials businesses were primary growth drivers.

• Full-year forecast revised upward due to strong Q1 performance, projecting continued record results.

Financial highlights

• Gross profit increased to ¥13,417 million from ¥11,798 million year-over-year.

• Basic earnings per share rose to ¥78.76 from ¥69.23 year-over-year.

• Capital expenditures: ¥2,789 million, up 124.6% year-over-year.

• Cash and cash equivalents at quarter-end were ¥34,395 million, up ¥196 million from the previous fiscal year-end.

• Operating profit margin improved to 13.6% from 13.3% year-over-year.

Outlook and guidance

• Full-year FY2026 net sales forecast revised to ¥195,300 million (+13.7% YoY), operating profit forecast at ¥22,600 million (+8.5% YoY), ordinary profit at ¥23,000 million (+4.5% YoY), and net profit at ¥15,700 million (+0.6% YoY).

• Basic earnings per share for the year forecast at ¥267.58.

• Dividend forecast unchanged at ¥76.00 per share for the year.

• Capital expenditures planned at ¥15,300 million (+46.6% YoY).