MK Seiko (5906) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 was ¥5,788 million, a 5.6% decrease year-over-year.

• Operating income declined 45.7% year-over-year to ¥194 million.

• Ordinary income fell 34.7% to ¥250 million, and net income attributable to shareholders dropped 31.3% to ¥163 million.

• The company is focusing on business and product portfolio restructuring and strengthening its earnings base.

Financial highlights

• Gross profit for Q1 FY2027 was ¥2,038 million, down from ¥2,179 million year-over-year.

• EPS for the quarter was ¥11.73, compared to ¥16.45 in the prior year.

• Comprehensive income rose to ¥254 million, up 65.7% year-over-year.

• Total assets increased to ¥29,067 million, and net assets to ¥19,442 million.

Outlook and guidance

• Full-year revenue forecast is ¥30,000 million, up 0.7% year-over-year.

• Operating income is projected at ¥2,200 million (down 19.2%), ordinary income at ¥2,300 million (down 21.3%), and net income at ¥1,500 million (down 36.3%).

• No changes to previously announced guidance.