MK Seiko (5906) Q2 2025 earnings summary

Executive summary

• Achieved record-high sales and profits for the second quarter, with all profit stages surpassing previous highs year-over-year.

• Revenue for the six months ended September 2024 increased 7.5% year-over-year to ¥14,830 million, with operating profit up 54.3% to ¥1,513 million and net profit attributable to shareholders up 54.0% to ¥1,009 million.

• Growth driven by strong capital investment in Mobility & Services, increased rice storage demand in Life & Support, and higher demand for high-insulation building materials in Housing Equipment.

• The company focused on strengthening its management base, promoting structural reforms, and enhancing R&D for high value-added products, while responding to diverse market needs and sustainability initiatives.

Financial highlights

• Revenue: ¥14,830 million, up 7.5% year-over-year.

• Operating income: ¥1,513 million, up 54.3% year-over-year.

• Ordinary income: ¥1,522 million, up 45.5% year-over-year.

• Net income attributable to parent: ¥1,009 million, up 54.0% year-over-year.

• EPS for the period was ¥67.25, up from ¥44.76 in the prior year.

Outlook and guidance

• Full-year revenue forecast revised to ¥27,500 million, a 3.4% decrease year-over-year.

• Full-year operating and ordinary income forecast raised to ¥1,800 million (+80.0%).

• Net income forecast increased to ¥1,200 million (up 68.2%), expecting record-high profit.

• EPS forecast: ¥79.92.

• Dividend forecast remains unchanged at ¥8.00 per share for the year.