Seiren (3569) Q3 2026 earnings summary

Executive summary

• Overseas Automotive Interior Business led growth, with both sales and profit at record highs for Q3 and the nine months ended December 31, 2025.

• Five consecutive periods of increased sales and two consecutive periods of record-high profits.

• Full-year earnings forecast revised upward, projecting record-high operating, ordinary, and net profit for the fifth consecutive year.

• The business environment showed moderate recovery, but uncertainty persisted due to rising prices and U.S. trade policies.

Financial highlights

• Q3 and nine-month sales: ¥123,451 million, up 4.2% year-over-year.

• Operating profit: ¥15,989 million, up 17.8% year-over-year; operating margin rose to 13.0%.

• Ordinary profit: ¥17,168 million, up 18.4% year-over-year; net income attributable to shareholders: ¥12,573 million, up 17.5%.

• Basic earnings per share for the nine months was ¥214.05, up from ¥187.90 year-over-year.

• Equipment investment surged 83.0% year-over-year to ¥7,331 million, with 61% allocated overseas.

Outlook and guidance

• FY2025 sales forecast revised to ¥172,000 million, up 7.7% year-over-year; operating profit forecast raised to ¥20,500 million, up 14.7%; net income forecast increased to ¥15,900 million, up 14.5%.

• Basic earnings per share for the full year is forecast at ¥270.61.

• Dividend forecast for FY2026 is ¥76.00 per share, up from ¥68.00 in FY2025.

• Equipment investment for the year projected at ¥11,600 million, with 60% overseas.