Seiko Group Corporation · TSE:8050
Seiko — Q1 FY2026 Earnings Presentation
34 slides from Seiko's earnings presentation, Aug 10, 2026
Slide 1: FY2026 Q1 Consolidated Results
FY2026 Q1 Consolidated Results (from April 1 to June 30, 2026) August 10, 2026 Seiko Group Corporation
Slide 2: Agenda: Summary
1. Summary 2. Consolidated Financial Results 3. Financial Forecast for FY2026 1
Slide 3: 1. Summary
1. Summary 2. Consolidated Financial Results 3. Financial Forecast for FY2026 2
Slide 4: Summary
Summary Financial Results for Q1 FY2026 (Apr. - Jun. 2026) Net Sales ¥99.1 billion （＋28.5％ YoY） Operating Profit ¥15.4 billion （＋88.8％ YoY） Significant growth in revenue and profit driven by EVS and DS domains Financial Forecast for FY2026 Net Sales ¥375.0 billion Operating Profit ¥41.0 billion (c
Slide 5: 2. Consolidated Financial Results
1. Summary 2. Consolidated Financial Results 3. Financial Forecast for FY2026 4
Slide 6: Consolidated P/L for Q1 FY26 (Apr. – Jun. 2026)
Consolidated P/L for Q1 FY26 (Apr. – Jun. 2026) （\ billion） FY25 FY26 Variance Breakdown of YoY Changes Q1 Q1 Amt. % Net Sales 77.1 99.1 +22.0 +28.5% Net Sales: y/y + 22.0 （FX impact c. + 3.8） Gross Profit 35.7 47.8 +12.1 +33.8% % 46.3% 48.2% +1.9pt Operating Profit : y/y + 7.3 Operating Profit 8.2
Slide 7: Analysis of Changes in Operating Profit for Q1 FY2026
Analysis of Changes in Operating Profit for Q1 FY2026 ■ Significant growth in operating profit driven by EVS and DS domains Increase in Impact of Increase in （¥ billion） Impact of personnel improved GP% advertising increase expenses 20.0 expenses Increase in other in Net sales +1.5 - 1.1 - 1.3 SG&A
Slide 8: Net Sales & Operating Profit by Segment for Q1 FY2026
Net Sales & Operating Profit by Segment for Q1 FY2026 Net Sales Operating Profit (Composition ratio) （\ billion） FY25 FY26 FY25 FY26 Variance Variance Q1 Q1 Q1 Q1 Watches 47.0 63.0 +16.0 7.5 13.3 +5.9 Emotional (61%) (64%) Value Others/adj. 3.2 4.2 +1.0 0.3 0.7 +0.4 Solutions (4%) (4%) Sub Total 50.
Slide 9: EVS Domain
EVS Domain ■ Revenue and profit growth driven by both domestic & overseas Watches Business and solid Wako Business performance ＜Net Sales＞ (¥ billion) ＜Operating Profit＞ (¥ billion) ＜OP Margin＞ 241.0 37.0 220.4 Q1 Q2 Q3 Q4 Total 199.2 FY26 20.8% 28.6 FY25 15.4% 14.9% 17.4% 2.8% 13.0% 50.7 Q4 43.0 1.
Slide 10: Watches Business
Watches Business ■ Achieved significant YoY revenue growth, driven by strong sales of global brands Completed (GS, Prospex, Presage, 5 Sports) both domestic and overseas. Watches ■ In the domestic market, both local and inbound demand remained solid. Overseas sales grew across all regions (Americas,
Slide 11: Watches Business: Completed Watches Net Sales Growth by Region
Watches Business : Completed Watches Net Sales Growth by Region Japan Q1 (Apr. - Jun.) ■ GS grew significantly, driven by strong inbound demand alongside steady domestic demand. Seiko GB also performed ＋50% strongly, led by Prospex, benefiting from the continued positive impact of advertising campai
Slide 12: Watches Business: GS & Seiko GB Net Sales
Watches Business : GS & Seiko GB Net Sales GS & Seiko GB Net Sales Growth * Constant currency basis Seiko GB Japan Overseas GS ＋50% ＋50% ＋25% ＋25% 0 0 Q1 Q2 Q3 Q4 Q1 FY25 FY26 -25% Q1 Q2 Q3 Q4 Q1 FY25 FY26 Ratio of GB to Net Sales （Q1） Japan Overseas FY24 FY25 FY26 FY24 FY25 FY26 c. 70 ％ c. 75 ％ c.
Slide 13: Watches Business: Topics
Watches Business : Topics ■ The Seiko Star Time, a one-of-a-kind mechanical watch capable of displaying up to one million hours, is presented to brand ambassador Shohei Ohtani. Development began roughly three years ago in response to Shohei Ohtani’s own reflection: “How much more time do I have in m
Slide 14: EVS Domain: Topics
EVS Domain : Topics ■ “Style Square” reopened on the 3rd and 4th floors of Wako Ginza on July 18. The renovation of Wako Ginza, which began in 2020, reached a major milestone. The flagship store was transformed into a destination that seamlessly integrates products, space, and hospitality to offer a
Slide 15: DS Domain
DS Domain ■ Achieved YoY revenue growth across electronic devices, precision devices, and printing devices, driving a substantial increase in segment profit for the DS Domain. ＜Net Sales＞ (¥ billion) ＜Operating Profit＞ (¥ billion) ＜OP Margin＞ 80.5 6.4 Q1 Q2 Q3 Q4 Total FY26 11.6% 65.0 3Q FY25 6.9% 5
Slide 16: DS Domain: Net Sales by Category
DS Domain : Net Sales by Category ■ Posted strong growth in micro batteries—particularly silver oxide batteries for medical devices—and integrated circuits for crystal oscillators, driven by expanding AI server, data center, and optical communications markets. ■ Achieved YoY revenue growth across hi
Slide 17: DS Domain: Topics
DS Domain : Topics ■ Accelerated adoption of generative AI fueled rapid growth in AI server, and optical transceiver markets. This environment boosted demand for NPC’s high-precision, high-frequency timing devices (Integrated circuits for crystal oscillators). Integrated circuits for crystal oscilla
Slide 18: SS Domain
SS Domain ■ The SSOL Group achieved both top-line and bottom-line growth for the 41st consecutive quarter. ＜Net Sales＞ (¥ billion) ＜Operating Profit＞ (¥ billion) ＜OP Margin＞ 61.5 6.6 57.2 Q1 Q2 Q3 Q4 Total 52.8 5.5 FY26 7.1% 3Q 5.2 FY25 7.7% 8.9% 10.4% 11.1% 9.6% 15.7 FY24 8.1% 7.8% 9.4% 13.3% 9.8%
Slide 19: SS Domain: Net Sales by Category
SS Domain : Net Sales by Category ■ Continued to show solid performance in IT infrastructure- and security-related businesses, while order entry systems for restaurant chains also recorded growth. Main Products and Services (¥ billion) 15.7 14.8 Facility-Related Business 13.7 13.9 2.2 ・System clocks
Slide 20: Balance Sheets as of June 30, 2026
Balance Sheets as of June 30, 2026 ■ Improved the equity ratio, supported by an increase in retained earnings driven by strong earnings performance. Interest Bearing Debt Jun. 30, Jun. 30, Mar. 31, Jun. 30, Variance (¥ billion) 2024 2025 2026(a) 2026(b) (b)-(a) 128.3 117.8 Inventories 88.4 83.5 85.6
Slide 21: Statement of Cash Flows (approximate figures)
Statement of Cash Flows (approximate figures) ■ Increased operating cash flow, driven by higher net profit. FY24 FY25 FY26 Q1 Q1 Q1 （¥ billion ） CF from investing activities CF from operating activities Profit before income taxes 5.4 9.0 16.5 6.0 Depreciation 3.7 3.4 3.5 Free CF 5.6 Others -3.5 -10.
Slide 22: SMILE145 KPI Progress
SMILE145 KPI Progress MVP Ratio* GP％ Operating Profit Amount FY26 Q1 (YoY changes） YoY changes （YoY changes） (FY26 Q1) EVS approx. 55% (+several points) +0.7 ¥14.0billion Target for FY2026 60% pt +81.0% Watches Business Japan approx. 75% Overseas approx. 75% (at a similar level) (at a similar level)
Slide 23: 3. Financial Forecast for FY2026
1. Summary 2. Consolidated Financial Results 3. Financial Forecast for FY2026 22
Slide 24: Summary of Financial Forecast for FY2026
Summary of Financial Forecast for FY2026 ■ Revised upward the revenue forecast by ¥17.0 billion (+4.7%) and operating profit forecast by ¥7.5 billion (+22.4%) from the previous forecast. ■ Exchange Rate Sensitivity Full Year (Jul. - Mar. 2027) Variance Variance Sensitivity FY26 Forecast USD EUR （¥ m
Slide 25: Financial Forecast for FY2026 by Segment
Financial Forecast for FY2026 by Segment ■ Revised upward revenue and operating profit forecasts for the Watches Business and DS Domain. Net Sales Operating Profit Variance Variance Variance Variance FY26 Forecast FY26 Forecast FY25 vs. vs. FY25 vs. vs. Actual Previous Current FY25 Actual Previous C
Slide 26: Shareholder Returns
Shareholder Returns ■ Increased the annual dividend forecast by ¥15 per share (from ¥90 to ¥105) following the revised financial forecasts. （yen） Dividend per share Dividend payout ratio 105.00 120.0 （210.00） 100.0 82.50 61.5% （165.00） 80.0 44.5% 50.00 60.0 40.00 32.1% 37.50 （100.00） （80.00） 40.0 （7
Slide 27: SEIKO
SEIKO
Slide 28: Appendix
Appendix —
Slide 29: Consolidated Quarterly Performance
Consolidated Quarterly Performance ＜Net Sales＞ (¥ billion) ＜Operating Profit＞ (¥ billion) ＜OP Margin＞ 375.0 41.0 Q1 Q2 Q3 Q4 Total 335.7 FY26 15.6% 304.7 FY25 10.6% 10.4% 12.9% 2.3% 9.2% 81.6 30.9 FY24 6.9% 10.7% 9.1% 0.6% 7.0% Q4 72.2 1.9 25.6 Q2-4 forecast 275.9 Q2-4 forecast 93.6 21.2 12.1 3Q 81.
Slide 30: Investments / R&D Expenses
Investments / R&D Expenses Investments R&D Expenses （¥ billion） （¥ billion） 15.0 6.0 12.7 4.3 4.5 10.4 9.7 4.0 10.0 4.0 5.0 2.0 0.0 0.0 FY24 FY25 FY26 FY24 FY25 FY26 Actual Actual Forecast Actual Actual Forecast * No changes from the forecast announced on May 13, 2026. 29
Slide 31: Business Overview
Business Overview Emotional Value Solutions Domain 65.5 * % A domain that creates products and services with high functional, Net Sales： ¥ 220.4 billion Operating Profit： ¥28.6 billion emotional, and social values while providing an excellent customer experience. Main Products and Services： Watches,
Slide 32: Abbreviations used in this document
Abbreviations used in this document EVS Emotional Value Solutions (Domain) DS Devices Solutions (Domain) SS Systems Solutions (Domain) SWC SEIKO WATCH CORPORATION SII Seiko Instruments Inc. SSOL SEIKO Solutions Inc. STC SEIKO Time Creation Inc. NPC SEIKO NPC CORPORATION SFC Seiko Future Creation Inc
Slide 33: Notes on forecasted results
* The forecasted results which appear in this presentation are based on the information which we have obtained as of now, and on certain assumptions deemed reasonable. As a result, actual results, etc. may differ significantly from the forecasted figures due to a wide range of factors. * Unless othe
Slide 34: End
End