Seiren (3569) Q4 2025 earnings summary

Executive summary

• FY2024 marked a fourth consecutive year of revenue and profit growth, with record operating, ordinary and net income; overseas automotive operations led growth.

• Strong vehicle-materials performance and gains in fashion and electronics offset weaker medical and environmental/lifestyle materials results.

Financial highlights

• Revenue was ¥159,653 million, up 12.5% YoY; operating income was ¥17,865 million, up 27.0%; ordinary income was ¥19,277 million, up 18.9%.

• Net income attributable to owners of the parent was ¥13,887 million, up 14.2%; gross profit rose to ¥44,027 million from ¥38,308 million.

• Operating margin improved to 11.2% from 9.9%; basic EPS increased to ¥242.29 from ¥226.53.

• Depreciation was ¥6,030 million, up 10.5% YoY; cash-flow-basis capital investment was ¥5,781 million, up 34.4%.

Outlook and guidance

• For the year ending March 31, 2026, revenue is forecast at ¥160,000 million (+0.2%), operating income at ¥18,100 million (+1.3%), ordinary income at ¥18,700 million (-3.0%) and net income at ¥13,400 million (-3.5%).

• Forecast operating margin is 11.3%; assumptions include USD/JPY ¥143 and CNY/JPY ¥19.5.

• Medium-term targets include ordinary income of ¥20 billion in FY2026 and operating income of ¥20 billion in FY2027.

• Priorities include semiconductor, satellite and electronics materials, IT utilization, business-model innovation, global expansion and corporate culture reform.