Seika Corporation · TSE:8061
Seika — Q3 FY2026/3 Earnings Presentation
60 slides from Seika's earnings presentation, February 2026
Slide 1: Financial Results Briefing for the First Three Quarters of FY Ending March 2026
Financial Results Briefing for the First Three Quarters of the Fiscal Year Ending March 31, 2026 SEIKA CORPORATION (TSE Prime Market: 8061)
Slide 2: Contents
CONTENTS 1. Financial Summary 2. Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2026 3. Consolidated Forecast for the Fiscal Year Ending March 31, 2026 ― Reference Materials ― 2
Slide 3: Contents
CONTENTS 1. Financial Summary 2. Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2026 3. Consolidated Forecast for the Fiscal Year Ending March 31, 2026 ― Reference Materials ― 3
Slide 4: Financial Summary
Financial Summary (Billion yen) Transaction value Net sales Transaction value: 200.62 billion yen (down 13.83 billion yen YoY) 214.46 67.73 73.72 200.62 Net sales: 73.72 billion yen* (up 5.99 billion yen YoY) * For the distributor business, net fees alone are posted. Operating profit: 4.83 billion y
Slide 5: Financial Summary (Upward Revisions and Dividend Increase)
Financial Summary (Upward Revisions and Dividend Increase) Since deliveries progressed at a pace exceeding expectations across all segments of the Energy, Industrial Machinery, and Full-year forecasts Product Businesses, the Company expects net sales, operating profit, ordinary profit, and net profi
Slide 6: Contents
CONTENTS 1. Financial Summary 2. Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2026 3. Consolidated Forecast for the Fiscal Year Ending March 31, 2026 ― Reference Materials ― 6
Slide 7: Summary of Consolidated Financial Results for the First Three Quarters
Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2026 2025/3 3Q 2026/3 3Q YoY Results Results Transaction value 214.46 billion yen 200.62 billion yen -6.4 % Net sales 67.73 billion yen 73.72 billion yen 8.8 % Operating profit 4.31 billion yen
Slide 8: Progress on Consolidated Performance
Progress on Consolidated Performance 1Q 2Q 3Q 4Q （Billion yen） 進捗率（%） Progress (%) 0 25 50 75 100 通期予想 Full-year forecast （上方修正） Result (revised upward) 68.3% 売上高 Net sales 25.56 26.26 21.89 73.72 108.0 63.7% 営業利益 Operating profit 1.59 1.67 1.57 4.83 7.6 65.2% Ordinary 経常利益 profit 1.79 1.96 1.77 5.5
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Market capitalization and PBR (Billion yen) Market capitalization (billion yen) Share price at the end of December PBR (times) 2,373 yen Share price (Billion yen) 3 at FY end 87.7 1000 Share price 900 Total Current 2.5 at FY end 1,441 yen 800 liabilities 1,235 yen 700 asse
Slide 10: Scope of Consolidation
Scope of Consolidation Parent / Consolidated subsidiaries Equity method affiliate companies Energy Business TVE Co. Ltd. Meinan Kyodo Energy Co., Ltd. Seika Sangyo GmbH SEIKA MACHINERY, INC. SEIKA (SHANGHAI) CO.,LTD. FORMOSA SEIKA CORPORATION SEIKA SANGYO (VIETNAM) Seika Sangyo (Thailand) Industrial
Slide 11: Business Summary by Segment for the First Three Quarters
Business Summary by Segment for the First Three Quarters of the Fiscal Year Ending March 31, 2026 11
Slide 12: Business Summary by Segment
Business Summary by Segment (Billion yen) Energy Business Net sales Segment profit (*1) Several factors boosted net sales, including steady progress on scheduled maintenance at nuclear power plants in the Kansai region and work on power generation equipment and 2025/3 3Q 2026/3 3Q 2025/3 3Q 2026/3 3
Slide 13: Progress by Quarter by Segment
Progress by Quarter by Segment [Net sales] (Billion yen) 1Q 2Q 3Q Progress (%) 0 25 50 75 100 Full-year forecast Result (revised upward) 70.8% Energy Business 7.44 11.64 7.79 26.89 38.0 66.4% Industrial Machinery 10.91 6.73 6.26 23.91 36.0 Business 67.4% Product Business 7.20 7.88 7.82 22.91 34.0 [S
Slide 14: Order Backlog by Segment
Order Backlog by Segment (Billion yen) Amount of Order Order backlog orders received Net sales backlog Order backlog 2024/3 2025/3 3Q 2025/3 2026/3 3Q vs. 3Q Energy Business 24.40 25.74 25.17 34.24 26.89 32.52 26.3% Industrial Machinery 19.30 27.51 28.00 24.61 23.91 28.70 4.3% Business Product Busin
Slide 15: Performance of Major Consolidated Subsidiaries
Performance of Major Consolidated Subsidiaries Tsurumi (Europe) GmbH Group NIPPON DAIYA VALVE CO., LTD. Net sales Operating profit (Billion yen) Net sales Operating profit (Billion yen) * unconsolidated figures 7.36 7.58 80 6.04 80.0 25 70.0 (44.9 million euros) (45.8 million euros) Performance 25.0
Slide 16: Performance of ASAHI SUNAC CORPORATION
Performance of ASAHI SUNAC CORPORATION Background of making Asahi Sunac Corporation a subsidiary Location Owariasahi, Aichi Prefecture Existing ties between the companies, which have established joint Development, manufacture, sale, and service of ventures in Thailand and Germany Lines of business
Slide 17: Contents
CONTENTS 1. Financial Summary 2. Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2026 3. Consolidated Forecast for the Fiscal Year Ending March 31, 2026 ― Reference Materials ― 17
Slide 18: Consolidated Forecast for the Fiscal Year Ending March 31, 2026
Consolidated Forecast for the Fiscal Year Ending March 31, 2026 2026/3 Forecast 2025/3 Results YoY (%) Initial forecast Revised forecast Net sales 93.73 billion yen 105.0 billion yen 108.0 billion yen 15.2 % Operating profit 6.48 billion yen 6.6 billion yen 7.6 billion yen 17.2 % Ordinary profit 8.2
Slide 19: Consolidated Forecast by Segment for FY Ending March 2026
Consolidated Forecast by Segment for the Fiscal Year Ending March 31, 2026 Starting this term, the amounts indicated for segment profit have changed from operating profit to operating profit adjusted by share of profit/loss of entities accounted for using the equity method to account for profit/lo
Slide 20: Illustration of Achievement of Operating Profit Targets of Long-Term Vision
Illustration of Achievement of Operating Profit Targets of Long-Term Management Vision FY2030 Long-Term 12.0 Management Vision targets FY2026 targets Building a new revenue base and businesses (Final year of Medium-Term Management Plan) billion yen Business investment through financial leverage St
Slide 21: Reference Materials
q Reference Materials Gs0) SEIKA CORPORATION 21
Slide 22: Contents
CONTENTS 1. Company Profile 2. IR Topics in the Fiscal Year Ending March 31, 2026 3. Initiatives for Human Capital 4. Introduction to Each Business 5. Performance Trends 6. History of SEIKA CORPORATION 7. Domestic and Overseas Locations 8. Consolidated Subsidiaries and Affiliated Companies 9. ESG In
Slide 23: 1. Company Profile
1. Company Profile Securities Code 8061 Business category Trading company Head office Shin-Tokyo Bldg 3F, 3-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo 100-0005 Establishment October 1, 1947 President Akihiko Sakurai Capital 6,728 million yen Number of employees Consolidated: 1,567 Parent only: 361 (as
Slide 24: 2. IR Topics in the Fiscal Year Ending March 31, 2026
2. IR Topics in the Fiscal Year Ending March 31, 2026 Apr 3: Acquisition of shares of TOKYO SANGYO CO., LTD. (securities code: 8070) May 2: Receipt of letter of appreciation from the Mayor of Kitakyushu for corporate hometown tax contributions May 21: Appearance of President and CEO Sakurai on Radio
Slide 25: 3. Initiatives for Human Capital – Recruitment
3. Initiatives for Human Capital – Recruitment Turnover of new graduate hires Number of new hires in FY2024 within three years Overall turnover 0 3.5 New graduates Mid-career hires 10 15 ％ ％ Female employee ratio/Female manager ratio/Female new graduate hire ratio (%) Employee satisfaction (%) Femal
Slide 26: 3. Initiatives for Human Capital – Support for Work/Life Balance
3. Initiatives for Human Capital – Support for Achieving a Work/Life Balance Percentage of employees taking childcare leave Percentage of paid leave used Men Women 67% 69% 62% 61.5 100 ％ ％ FY2022 FY2023 FY2024 Support for balancing work and childcare Leave systems We provide various leave systems to
Slide 27: 3. Initiatives for Human Capital – Improving Engagement
3. Initiatives for Human Capital – Improving Engagement Distinctive systems and Twice-yearly health Updates to overseas Labor union fringe benefits examinations assignment regulations (established in 1974) • Commendation for extended service (in 25th year) • Spring health examination Full physical (
Slide 28: 3. Initiatives for Human Capital
3. Initiatives for Human Capital Fostering an environment that respects the individuality of each employee and provides motivation for personal growth Developing human resources who will execute corporate strategy, with the goal of enhancing practical skills Human alongside advanced expertise an
Slide 29: 4. Introduction to Each Business
4. Introduction to Each Business Energy generation-related facilities including thermal, nuclear and renewable Energy Business Industrial Product Elemental machinery, Functional materials, Production Machinery Business Automation equipment, Products equipment for foods/beverages etc, Business relate
Slide 30: Seika Corporation's strengths
4. Introduction to Each Business – Seika Corporation’s strengths Robust network for interacting with customers and suppliers Strong credibility as an authorized agent of Mitsubishi Heavy Industries Stable earning power based on social infrastructure 30
Slide 31: 4. Introduction to Each Business – Energy Business
4. Introduction to Each Business – Energy Business Power generating equipment and related equipment for thermal power plants Main Equipment related to renewable energy, including hydropower and biomass power generation Regular inspections and after-sales maintenance services for each power gen
Slide 32: Energy Business – Sales agency for Mitsubishi Heavy Industries
4. Introduction to Each Business – Energy Business Sales agency business for Intermediary in Mitsubishi Heavy Industries ・・・ business discussions J - POWER Kansai Electric Power Chugoku Electric Power Mitsubishi Shikoku Electric Power Heavy Kyushu Electric Power Industries Nippon Steel ENEOS JFE 32
Slide 33: Energy Business – Commissioned and Principal Transactions
4. Introduction to Each Business – Energy Business The Energy Business comprises two types of business: Commissioned transactions Principal transactions Delivery, replacement, and maintenance of Delivery, replacement, and maintenance of peripheral Mitsubishi Heavy Industries’ core power equipment fo
Slide 34: Energy Business – Our Role and Strengths
4. Introduction to Each Business – Energy Business Our role Regular maintenance and inspections work is essential to the safe operation of active power generation facilities. This is our core business and primary revenue source. Orders for new installations and equipment upgrades are won primari
Slide 35: Energy Business – Suppliers and Customers
4. Introduction to Each Business – Energy Business Suppliers Customers Mitsubishi Heavy Industries Kansai Electric Power Mitsubishi Heavy Industries Power IDS Kyushu Electric Power Mitsubishi Heavy Industries Power Chugoku Electric Power Environmental Solutions Shikoku Electric Power
Slide 36: Introduction to Each Business – Industrial Machinery Business
4. Introduction to Each Business – Industrial Machinery Business Businesses centered on customer sales to manufacturers of chemicals, materials, beverages, and industrial plants For manufacturers of chemicals, materials, and beverages: Existing Supplying a wide range of equipment and maintenance s
Slide 37: Industrial Machinery Business – Customers and Suppliers
4. Introduction to Each Business – Industrial Machinery Business Suppliers Customers Mitsubishi Heavy Industries Toyo Electric Mitsubishi Chemical Group companies Motomura Mitsui Chemicals Nippon Steel Yamato Scale Toray For manufacturers Kyowa Fine-Tech Organo Kaneka of chemic
Slide 38: Introduction to Each Business – Product Business
4. Introduction to Each Business – Product Business Marine engines Underwater pumps for construction work and Main Diaphragm valves and various other valves wastewater treatment equipment products Plant equipment inspection using UT drones Particle image velocimetry systems and services
Slide 39: Product Business – Suppliers and Customers
4. Introduction to Each Business – Product Business Suppliers Customers Tsurumi Manufacturing Tsurumi (Europe) GmbH (Germany) APT (Taiwan) HIGH COMPONENTS AOMORI Taihong Circuit Industrial Co., Ltd. (Taiwan) KIOXIA Grea Tech Substrates Co., Ltd. (China) Kyocera PROMECON process mea
Slide 40: Long-Term Management Vision and Revisions of Medium-Term Plan Targets
5. Long-Term Management Vision and Revisions of Numerical Targets in the Medium-Term Management Plan Business Business expansion Agile commitment of Development and execution in growth domains necessary management of measures to mitigate risk strategy ( Accelerate complementary M&A in existing busin
Slide 41: 5. Performance Trends – Consolidated Financial Results
5. Performance Trends – Consolidated Financial Results (Billion yen) Consolidated Net Sales Consolidated Operating Profit 1H Full Year 7.60 108.00 1H Full Year 6.48 93.31 93.73 5.58 86.78 4.63 51.83 3.26 40.45 40.04 44.51 2.92 2.05 1.44 2023/3 2024/3 2025/3 2026/3 (Forecast) 2023/3 2024/3 2025/3 202
Slide 42: 5. Performance Trends (Transaction Value and Operating Profit)
5. Performance Trends (Consolidated Transaction Value and Operating Profit) 350.00 7.00 345.00 340.00 335.00 330.00 325.00 320.00 315.00 310.00 Transaction value Operating profit (Billion yen) 305.00 300.00 6.00 295.00 290.00 285.00 280.00 275.00 270.00 265.00 260.00 255.00 250.00 5.00 245.00 240.00
Slide 43: 5. Performance Trends – Management Indicators
5. Performance Trends – Management Indicators Return on Equity (ROE) (%) Price Book-value Ratio (PBR) (Times) 17.5 1.74 15.4 13.1 11.6 1.06 1.10 10% 7.6 1.0 0.64 0.71 2022/3 2023/3 2024/3 2025/3 2026/3 2022/3 2023/3 2024/3 2025/3 2026/3 (Forecast) As of December 31 Price Earnings Ratio (PER) (Times)
Slide 44: Performance Trends – Synergies with Equity Method Affiliates
5. Performance Trends – Synergies with Equity Method Affiliates TVE Co. Ltd. Location Amagasaki, Hyogo Prefecture Location Chiyoda Ward, Tokyo Manufacture, sale, and maintenance of Disaster prevention (SSP), controls (Thermal), Lines of Lines of various valves; manufacture and sale of medical (Medic
Slide 45: 6. History of SEIKA CORPORATION (1)
6. History of SEIKA CORPORATION (1) October 1947 ● Established in Moji shi (currently Moji ku, Kitakyushu shi) by company officials of the former Mitsubishi Corporation, which was dissolved before the establishment, with capital of 195,000 yen. From 1948 to 1951 ● Established offices throughout Japa
Slide 46: 6. History of SEIKA CORPORATION (2)
6. History of SEIKA CORPORATION (2) April 2012 ● Established Seika Digital Image CORPORATION December 2012 ● Established the subsidiary Seika Sangyo (Thailand) Co., Ltd. in Thailand (Bangkok) May 2015 ● Established Meinan Kyodo Energy Co., Ltd. March 2016 ● SHIKISHIMA KIKI Co., Ltd. Corporation made
Slide 47: 7. Domestic and Overseas Locations
7. Domestic and Overseas Locations 47
Slide 48: 8. Consolidated Subsidiaries and Affiliated Companies - Domestic
8. Consolidated Subsidiaries and Affiliated Companies - Domestic ASAHI SUNAC CORPORATION Owariasahi (head office), and 12 offices in other locations Nippon Daiya Valve Co., Ltd. SHIKISHIMA KIKI Co., Ltd. Tokyo (head office), Osaka, Nagoya, Okayama, Kita Kyushu Seika Digital Image CORPORATION, Tokyo
Slide 49: 8. Consolidated Subsidiaries and Affiliated Companies (Overseas)
8. Consolidated Subsidiaries and Affiliated Companies (Overseas) ASAHI AMERICA CORP. Asahi Sunac (Shanghai) Co., Ltd. (Thailand) Co., Ltd. (Thailand) Co., Ltd. NDV (Thailand) Co., Ltd. 49
Slide 50: 9. ESG Initiatives – Social Contribution Activities
9. ESG Initiatives – Social Contribution Activities in Recent Years [Activities to revitalize and support local communities] We received a letter of Donation to the red feather community chest (2020-2025) appreciation from Kitakyushu City. Disaster relief donation through the Japanese Red Cross
Slide 51: 9. ESG Initiatives (promoting green innovation products)
9. ESG Initiatives (promoting green innovation products) Drawing on our experience and business base from the Energy and Industrial Machinery businesses, we are striving as a general machinery trading company to achieve carbon neutrality. Specifically, we are promoting the adoption and expansion of
Slide 52: 10. Topics of Interest in Dialogue with Shareholders and Investors
10. Topics of Interest in Dialogue with Shareholders and Investors Shareholder Returns and Dividend Policy Status of IR, PR Activities Efforts to Maintain Inclusion in TOPIX (Status of Individual Shareholders) Status and Outlook of Nuclear Power Business Acquisition of Shares in TOKYO SANG
Slide 53: Shareholder Returns and Dividend Policy
Shareholder Returns and Dividend Policy Shareholder benefits introduced in FY2024 Dividend trend (yen) Dividend policy revised from dividend payout ratio of 35% to target total payout ratio of 45% Target dividend Target total payout ratio: Three-for-one share split implemented effective Octobe
Slide 54: Status of IR Activities
Status of IR Activities Number of IR meetings Status of briefings for investors (FY2025) Date Location Details Speaker 113 President and CEO Institutional investors May 26 Tokyo/online FY2025/3 Financial Results Briefing and others 88 Small Meeting organized by SMBC Nikko May 30 Tokyo President an
Slide 55: Status of IR Activities – Media Coverage
Status of IR Activities – Media Coverage Date Medium May 20, 2025 Radio Nikkei 1 “Focus on this Company! God of Fortune in the Market” June 17 Nihon Keizai Shimbun “Foreign Investors Focus on Japanese SME Stocks” “Kiritani Chooses 12 Stocks that Promise Shareholder Benefits and High June 19 Diamond
Slide 56: Status of PR Activities
Status of PR Activities Advertising in public transportation 1.5F Arrivals Concourse, South Wing, Terminal 1 1.5F Arrivals Concourse, North Wing, Terminal 1 Haneda Airport Central Domestic Baggage Area, Terminal 2 Central 1.5F Arrivals Concourse, Terminal 2 Hiroshima Airport Inside Departure Lounge,
Slide 57: Efforts to Maintain Inclusion in TOPIX
Efforts to Maintain Inclusion in TOPIX (Status of Individual Shareholders) Striving to increase the percentage of floating stock at the end of March 2025, we sold shares and reduced cross-shareholdings. While enhancing IR activities, efforts including company briefings for individual investors a
Slide 58: Status and Outlook of Nuclear Power Business
Status and Outlook of Nuclear Power Business Plants currently in operation for which we are April 1, 2023 Launched sales agency business for Mitsubishi Heavy Industries’ in charge of agent operations nuclear power plant equipment in western Japan Kansai Electric Power Co., Ltd. Mihama Nuclear Powe
Slide 59: Acquisition of Shares in TOKYO SANGYO CO., LTD.
Acquisition of Shares in TOKYO SANGYO CO., LTD. Shares in TOKYO SANGYO CO., LTD. acquired April 3, 2025 TOKYO SANGYO CO., LTD. (securities code: 8070) Location Chiyoda Ward, Tokyo 3,321,800 shares of Number of shares acquired common stock Sales, maintenance, service, etc. of various Lines of machine
Slide 60: IR Information
IR Information URL https://www.seika.com/en/ir/ Integrated Report 2025 URL https://www.seika.com/en/ir/library/integrated-report/ IR News Mailing Service URL https://www.seika.com/en/ir/mail/ IR Contact Corporate Planning Dept., Tel: +81-3-5221-7117 E-mail: SMB076@jp.seika.com Cautionary Note: Forwa