Seibu Giken Co., Ltd. · TSE:6223
Seibu Giken — Q3 2026 Earnings Presentation
48 slides from Seibu Giken's earnings presentation, Nov 9, 2026
Slide 1: Fiscal 2026 3rd Quarter Financial Results
Fiscal 2026 3rd Quarter Financial Results Seibu Giken Co., Ltd. (Ticker code: 6223) November 9, 2026 Disclaimer regarding forward-looking statements Because the forward-looking statements contained in this report are based on information available at the time of publication, Actual results may diffe
Slide 2: Q3 FY2026 Results Overview
Q3 FY2026 Results Overview Q3 FY2025 Q3 FY2026 YoY vs net vs net Amount Amount Diff. ％ (JPY: Millions) sales(%) sales(%) Net sales 21,636 25,455 3,819 117.7 Gross profit 7,975 36.9 8,913 35.0 937 111.8 Selling, general & administrative expenses 4,722 21.8 5,666 22.3 943 120.0 Operating profit 3,253
Slide 3: Q3 FY2026 Operating Profit Factor Analysis
Q3 FY2026 Operating Profit Factor Analysis (JPY: Millions) 6,000 2,604 5,000 4,000 3,253 403 3,246 3,000 -2,334 -680 2,000 1,000 0 Q3 Sales COGS SG&A FX Q3 FY2025 FY2026 ◼ Increase in sales: Desiccant dehumidifier sales increased in Japan and China ◼ Increase in COGS: Increased sales led to higher m
Slide 4: Q3 FY2026 Net Sales by Product and Business
Q3 FY2026 Net Sales by Product and Business Product Q3 Q3 YoY (JPY: Millions) FY2025 FY2026 (%) Desiccant dehumidifier 10,769 17,062 158.4 VOC concentrator 7,959 5,320 66.8 Others 2,906 3,072 105.7 Total 21,636 25,455 117.7 Business Q3 Q3 YoY (JPY: Millions) FY2025 FY2026 (%) Core Business : 14,466
Slide 5: Q3 FY2026 Net Sales by Region
Q3 FY2026 Net Sales by Region Q3 Q3 YoY (JPY: Millions) FY2025 FY2026 (%) Japan 10,695 12,076 112.9 China 4,194 5,861 139.7 Korea 1,013 1,862 183.8 Other Asia 1,642 1,412 85.9 Europe 2,656 2,532 95.3 U.S. 805 1,070 132.9 Other North America 260 365 140.5 Others 367 275 74.8 Total 21,636 25,455 117.7
Slide 6: Consolidated Balance Sheet as of September 30, 2026
Consolidated Balance Sheet as of September 30, 2026 (JPY: Millions) As of December 31, 2025 As of September 30, 2026 Cash and cash equivalents 15,505 16,031 Trade notes and accounts receivable 9,327 6,112 Other current assets 8,374 10,917 Net property, plant and equipment 13,766 15,127 Other fixed a
Slide 7: Trend of Order Intake and Backlog
Trend of Order Intake and Backlog Desiccant dehumidifier VOC concentrator Others (JPY: Millions) 40,000 35,000 33,307 30,995 3,021 30,000 27,621 26,818 5,511 7,912 2,108 23,186 25,000 4,493 6,261 2,566 20,000 10,422 17,407 16,540 18,038 3,631 6,580 3,402 1,657 3,186 15,000 3,580 4,937 5,370 22,373 1
Slide 8: Trend of Order Intake and Backlog (Quarterly)
Trend of Order Intake and Backlog (Quarterly) 30,000 2.50x 2.15x 24,636 25,000 23,186 2.00x 20,000 1.54x 18,038 (JPY: Millions) 16,514 16,540 1.50x 15,201 14,276 14,173 15,000 12,686 0.93x 0.97x 11,254 1.00x 0.79x 9,619 0.76x 10,000 8,513 8,270 7,739 7,323 6,835 7,062 0.45x 6,340 6,080 7,294 5,686 0
Slide 9: Fiscal 2026 Forecast
Fiscal 2026 Forecast C o p yr i g h t @ 2 0 2 6 S E IB U GIKE N C O . , LT D . Al l R i g h t s R e s e r v e d . Copyright@ 2026 SEIBU GIKEN CO.,LTD. All Rights Reserved.
Slide 10: FY2026 Forecast Summary
FY2026 Forecast Summary Updated from the announcement on February 13, 2026 Net sales & Operating profit （JPY:Millions） FY2026 Net sales & Operating profit （JPY:Millions） 40,000 40.0% Net sales Operating profit 36,500 4,300 36,500 Operating profit ratio 11.8 % 34,322 35,000 32,069 30,000 28,725 30.0%
Slide 11: FY2026 Forecast
FY2026 Forecast Updated from the announcement on February 13, 2026 FY2026 FY2026 FY2025 Forecast YoY Original Forecast (Updated) as of Feb. 13, 2026 vs net vs net vs net Amount Amount Diff. ％ Amount (JPY: Millions) sales(%) sales(%) sales(%) Net sales 34,322 36,500 2,178 106.3 36,050 Gross profit 11
Slide 12: FY2026 Forecast
FY2026 Forecast Updated from the announcement on August 7, 2026 ・Increase in Net sales: Sales growth in China and Japan ・Increase in Gross profit: Gross profits are expected to increase due to rising sales. ・Operating profit: Increased selling, general, and administrative expenses are expected to de
Slide 13: Net Sales by Product and business
Net Sales by Product and business Updated from the announcement on August 7, 2026 Product FY2026 YoY FY2026 (JPY: Millions) FY2025 Forecast (%) Forecast (Updated) (Updated 8/7) Desiccant dehumidifier 19,700 23,500 119.3 22,860 VOC concentrator 9,863 8,600 87.2 9,090 Others 4,758 4,400 92.5 4,100 Tot
Slide 14: Net Sales by Region
Net Sales by Region Updated from the announcement on August 7, 2026 FY2026 FY2026 YoY (JPY: Millions) FY2025 Forecast Forecast (%) (Updated) (Updated 8/7) Japan 15,639 16,600 106.1 16,400 China 5,740 9,300 162.0 9,060 Korea 2,561 2,800 109.3 2,770 Other Asia 2,280 2,300 100.9 2,130 Europe 3,521 3,20
Slide 15: Dividend Policy
Dividend Policy ・Whilst maintaining stable dividends, reward shareholders while balancing with the sound financial position and retained earnings for the future. ・Annual year-end dividend with the last day of each fiscal year as the record date is paid once a year ・Aiming at 40% or more consolidated
Slide 16: Appendix
Appendix C o p yr i g h t @ 2 0 2 6 S E IB U GIKE N C O . , LT D . Al l R i g h t s R e s e r v e d . Copyright@ 2026 SEIBU GIKEN CO.,LTD. All Rights Reserved.
Slide 17: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses FY2026 FY2024 FY2025 Q3 FY2026 (JPY: Millions) Forecast Capital 1,736 3,352 5,150 expenditures* (2,483) (2,701) Depreciation 962 980 808 1,230 R&D expenses 348 388 277 390 Note*: Figures indicated on a cash basis (figures in parentheses on a comple
Slide 18: Cash Flows
Cash Flows Q2 Q2 Q2 (JPY: Millions) FY2024 FY2025 FY2026 Cash from operating activities 3,147 1,730 -2,679 Cash from investing activities -1,137 -1,088 -644 Free cash flow 2,010 642 -3,323 Cash from financing activities -1,046 -291 2,584 Cash and cash equivalents at end of 13,213 13,917 14,614 perio
Slide 19: FY2025 Quarterly Financial Results
FY2025 Quarterly Financial Results FY2025 FY2025 FY2025 FY2025 Q1 Q2 Q3 Q4 vs net vs net vs net vs net Amount Amount Amount Amount (JPY: Millions) sales(%) sales(%) sales(%) sales(%) Net sales 6,835 13,897 21,636 34,322 Gross profit 2,784 40.7 5,124 36.9 7,975 36.9 11,672 34.0 Selling, general & adm
Slide 20: FY2025 Quarterly Net Sales by Product and business
FY2025 Quarterly Net Sales by Product and business Product FY2025 FY2025 FY2025 FY2025 (JPY: Millions) Q1 Q2 Q3 Q4 Desiccant dehumidifier 3,477 6,888 10,769 19,700 VOC concentrator 2,346 5,386 7,959 9,863 Others 1,011 1,621 2,906 4,758 Total 6,835 13,897 21,636 34,322 Business FY2025 FY2025 FY2025 F
Slide 21: FY2025 Quarterly Net Sales by Region
FY2025 Quarterly Net Sales by Region FY2025 FY2025 FY2025 FY2025 (JPY: Millions) Q1 Q2 Q3 Q4 Japan 3,122 7,130 10,695 15,639 China 1,431 2,738 4,194 5,740 Korea 214 459 1,013 2,561 Other Asia 468 971 1,642 2,280 Europe 949 1,649 2,656 3,521 U.S. 296 448 805 3,706 Other North America 95 164 260 409 O
Slide 22: FY2025 Quarterly Order Intake and Backlog
FY2025 Quarterly Order Intake and Backlog Order Intake FY2025 FY2025 FY2025 FY2025 (JPY: Millions) Q1 Q2 Q3 Q4 Desiccant dehumidifier 4,092 15,536 19,250 22,373 VOC concentrator 1,640 4,768 6,261 7,912 Others 607 1,236 2,108 3,021 Total 6,340 21,541 27,621 33,307 Order Backlog FY2025 FY2025 FY2025 F
Slide 23: Medium-Term Management Plan Progress Update
Medium-Term Management Plan 2024-2026 Progress Update C o p yr i g h t @ 2 0 2 6 S E IB U GIKE N C O . , LT D . Al l R i g h t s R e s e r v e d . Copyright@ 2026 SEIBU GIKEN CO.,LTD. All Rights Reserved.
Slide 24: Positioning of This Mid-Term Management Plan
Positioning of This Mid-Term Management Plan Building a foundation for sustainable growth for the next 3 years as the first phase toward the realization of 2030 Vision Continue to be the innovation leader in air processing technology to realize a climate-neutral future (Millions of yen) 100,000 36,0
Slide 25: Growth Strategy
Growth Strategy Aiming at sustainable profit growth by gaining market share in our core businesses in Europe and North America and by expanding total engineering business Core Business : Selling module/equipment Growth Business : Total engineering Module/equipment contributing Growth Driver to the o
Slide 26: Financial KPI of This Mid-Term Management Plan
Financial KPI of This Mid-Term Management Plan ・In 2025, profits exceeded the forecast due to steady sales growth, a better-than-anticipated gross profit margin, and the fact that some initially projected expenses (human capital investments) were not fully incurred (expected to be recorded in 2026).
Slide 27: Business Environment Surrounding Our Growth Areas
Business Environment Surrounding Our Growth Areas Market Trends Outlook Global EV demand slowdown leads to investment stagnation, but Japan's current EV battery investments are proceeding as planned Development of solid-state batteries through public-private partnerships is accelerating EV battery (
Slide 28: Medium-Term Management Plan 2024-2026 Progress
Medium-Term Management Plan 2024-2026 Progress (2025 actual results and other updates are underlined) 1. Core Business: Desiccant Dehumidifier 2. Core Business: VOC Concentrator Steadily received orders of EV battery-related projects in Japan VOC Concentration cassettes for semiconductor foundries (
Slide 29: Medium-Term Management Plan 2024-2026 Progress
Medium-Term Management Plan 2024-2026 Progress (2025 actual results and other updates are underlined) 3. Growth Business: Total Engineering Expansion of total engineering in Japan Global expansion of total engineering ・Order received for factory architectural design, facility design, construction ・E
Slide 30: Efforts in new product C-SAVE Green
Efforts in new product “C-SAVE Green” (launching in 2024) Received the Tokyo Governor's Award at the Atmospheric carbon dioxide (CO2) concentration 50th Invention Awards and supplying equipment for greenhouse The 50th Invention Awards (2025), co-hosted by the Japan Institute of Invention ・Increase i
Slide 31: R&D: Technological development to reduce CO2
R&D: Technological development to reduce CO 2 Development of CO2 Adsorption Rotors Achieve closed-greenhouse* operation from autumn to spring with a total heat exchange rotor *Greenhouse in a closed state For agriculture For Air For DAC conditioning Initiatives during the Medium-Term Management Plan
Slide 32: Cash Allocation (2024-2026)
Cash Allocation (2024-2026) ･Priorities are placed on investment to increase production capacity, improve productivity, and expand business areas for future growth ･Shareholder returns are principally based on dividends, and share buybacks are implemented in line with profit growth and capital effic
Slide 33: Company overview / Business overview
Company overview / Business overview C o p yr i g h t @ 2 0 2 6 S E IB U GIKE N C O . , LT D . Al l R i g h t s R e s e r v e d . Copyright@ 2026 SEIBU GIKEN CO.,LTD. All Rights Reserved.
Slide 34: Corporate Profile
Corporate Profile Company name Seibu Giken Co., Ltd. Corporate Philosophy Incorporation July 1965 Creation and Fusion President Fumio Kuma By appreciating the originality and creativity of each individual’s and Address 3108-3 Aoyagi, Koga-shi, Fukuoka, JAPAN simultaneously integrating them at every
Slide 35: Group History
Group History The Seibu Technology Research Institute Co., Ltd., Seibu Giken's predecessor, was established in 1965. “We want to contribute to society by creating original products, not imitations, through our own ideas and technologies.” Ahead of the SDGs, Monozukuri (manufacturing) which contribut
Slide 36: Our Business
Our Business Sales and after-sales service for specialized air treatment equipment such as Desiccant dehumidifier and VOC concentrator Total engineering services including system proposal, design, manufacturing, and construction for creating optimal spaces We provide environmentally friendly air tre
Slide 37: Business Overview (1) Our Products
Business Overview (1) Our Products VOC Concentrator Desiccant Dehumidifier (VOC Removal / Solvent Recovery) Other Products Sales Composition Sales Composition Sales Composition (FY2025) (FY2025) Growth in Total (FY2025) Grow along with the 57.4% Grow along with the 28.7% Heat Exchanger and Construct
Slide 38: Business Overview (2) Net Sales by Business
Business Overview (2) Net Sales by Business (Core Business and Growth Business) Core Business: Selling module/equipment Growth Business: Total engineering Total of machinery/devices sales and ancillary maintenance services Total of design, construction, and engineering businesses FY2024 FY2025 FY202
Slide 39: Growth Strategy
Growth Strategy Providing a total optimal environment for battery and semiconductor manufacturing processes Combining the strength of our unique products with outstanding environmental engineering, Seibu Giken provides the world with air solutions that only we can create! 2030 JPY 55.0 bn Total engi
Slide 40: Our Strengths 1. Core technologies
Our Strengths 1. Core technologies ◼ Control the quality of air passing through honeycomb structure ◼ Provide solution to various problems in the customers’ manufacturing/processing environment by adding functions to honeycomb structure Technology of forming honeycomb structure Technology of loading
Slide 41: Our Strengths 2. Integrated business from development to after-sales service
Our Strengths 2. Integrated business from development to after-sales service ◼ Strengthen our competitiveness in developing products and sales activities based on customer needs collected directly from our customers by providing the integrated business Manufacturing Manufacturing Assembly Constructi
Slide 42: Our Strengths 3. Global Network
Our Strengths 3. Global Network ◼ Rotor, the heart of our products, produced only in Japan and assembled at various manufacturing sites around the world ◼ Supply high-quality, high-performance products globally while responding quickly and flexibly to the needs of customers around the world Manufact
Slide 43: Our Strengths 4. Total Engineering
Our Strengths 4. Total Engineering Seibu Giken creates the entire air environment of a manufacturing plant. Sales of total engineering 2025 2026 Forecast 2024 JPY 8.0 bn JPY 11.6 bn JPY 12.8 bn Future Product-out + Market-in ●Consulting on architectural design with priority on a plant’s production l
Slide 44: Total Engineering (1) Lithium-ion battery manufacturing process
Seibu Giken Total Engineering (1) -Lithium-ion battery manufacturing process- －Energy is used to produce energy. We aim to resolve this contradiction (energy-reducing technology)－ Lithium burns intensely with a small amount of moisture. Therefore, the production process requires a dry environment. C
Slide 45: Total Engineering (2) Semiconductor material manufacturing process
Seibu Giken Total Engineering (2) -Semiconductor material manufacturing process, etc.- Creation of “Super clean room,” essential for semiconductor material manufacturing processes and various other fields Created by air experts Super clean room Fan filter unit (FFU) Total engineering covering qualit
Slide 46: R&D: Technological development to reduce CO2
R&D: Technological development to reduce CO 2 Development of oxygen concentrator Leading research on direct enrichment of oxygen contained in air using a honeycomb rotor is being conducted in an industry- Concentrate CO2 of low levels (about 10%) discharged from plants to academia-government collabo
Slide 47: Our Value Proposition (Terms and description) (1)
Our Value Proposition (Terms and description) (1) Term Description An adsorption dehumidifier utilizing a dehumidifier rotor. Capable of more efficiently dehumidifying even in Desiccant dehumidifier environments with low temperatures or low moisture levels in the air, compared with a cooling type de
Slide 48: Our Value Proposition (Terms and description) (2)
Our Value Proposition (Terms and description) (2) Term Description Circulating Nitrogen Efficiently creating an environment with low oxygen and low moisture concentration through the combination Purifier of a purifier and dehumidifier. Offering an ISO-compliant clean environment (we can accommodate