SEIKO GROUP (8050) Q4 2026 earnings summary

Executive summary

• FY25 net sales rose 10.2% year-over-year to ¥335.7 billion, operating profit increased 45.4% to ¥30.9 billion, and profit attributable to owners of parent grew 65.1% to ¥22.0 billion, driven by strong performance in Watches, Devices Solutions, and Systems Solutions.

• Comprehensive income increased 138.1% year-over-year to ¥24,950 million.

• The company executed its SMILE145 mid-term plan, focusing on high-value products, diversification, and global brand expansion.

Financial highlights

• Net sales rose by ¥30.9 billion (+10.2%) year-over-year, with operating profit up ¥9.6 billion (+45.4%), ordinary profit up ¥12.3 billion (+59.5%), and gross profit margin improved by 1.3 points to 46.2%.

• Profit attributable to owners of parent increased by ¥8.7 billion (+65.1%) to ¥22.0 billion.

• Ordinary profit rose 59.5% to ¥33,119 million, and basic EPS was ¥268.93 post-stock split.

• Total assets grew to ¥383,881 million, and net assets to ¥177,502 million as of March 31, 2026.

• Cash and cash equivalents at year-end were ¥43,487 million, up from ¥39,429 million.

• Q4 FY25 net sales grew 12.9% year-over-year, with operating profit up 332.8%.

Outlook and guidance

• FY26 forecast projects net sales of ¥358.0 billion (+6.6% YoY), operating profit of ¥33.5 billion (+8.5% YoY), and profit attributable to owners of parent up 4.6% to ¥23,000 million.

• Basic EPS forecast for FY2027 is ¥281.37, reflecting the stock split.

• Dividend per share is forecast to rise to ¥90 for FY26, maintaining a payout ratio above 30%.