Note: This document has been translated from a part of the Japanese original. The fully translated version will be disclosed at a later date. These documents have been translated for reference purposes only. In the event of any discrepancy between these translated documents and their Japanese originals, the originals shall prevail.
May 13, 2026
Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under Japanese GAAP)
Company name: SEIKO GROUP CORPORATION Listing: Tokyo Stock Exchange
Securities code: 8050
URL: https://www.seiko.co.jp/en/
Representative: Shuji Takahashi President
Inquiries: Masanobu Minami General Manager, Accounting Department Telephone: +81-3-3563-2111
Scheduled date of annual general meeting of shareholders: June 25, 2026 Scheduled date to commence dividend payments: June 26, 2026 Scheduled date to file annual securities report: June 24, 2026
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors and analysts)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
March 31, 2026
March 31, 2025
Millions of yen
335,686
304,744
%
10.2
10.1
Millions of yen
30,873
21,240
%
45.4
44.1
Millions of yen
33,119
20,769
%
59.5
30.7
Millions of yen
21,980
13,316
%
65.1
32.5
Note: Comprehensive income
For the fiscal year ended March 31, 2026:
¥
24,950 million [
138.1%]
For the fiscal year ended March 31, 2025:
¥
10,477 million [
(56.6) %]
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2026
268.93
-
13.3
8.8
9.2
March 31, 2025
163.09
-
8.7
5.6
7.0
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2026: ¥ 1,481 million For the fiscal year ended March 31, 2025: ¥ 1,240 million
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Basic earnings per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
March 31, 2026
March 31, 2025
Millions of yen
383,881
369,236
Millions of yen
177,502
158,014
%
45.8
42.2
Yen
2,150.47
1,909.32
Reference: Equity
As of March 31, 2026: ¥ 175,783 million
As of March 31, 2025: ¥ 155,972 million
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Net assets per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended March 31, 2026
March 31, 2025
Millions of yen
36,769
32,609
Millions of yen
(14,794)
(9,120)
Millions of yen
(20,455)
(16,520)
Millions of yen
43,487
39,429
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended March 31, 2025
-
45.00
-
55.00
100.00
4,134
30.7
2.7
Fiscal year ended March 31, 2026
-
60.00
-
105.00
165.00
6,821
30.7
4.1
Fiscal year ending March 31, 2027
(Forecast)
-
45.00
-
45.00
90.00
32.0
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. For the fiscal years ended March 2025 and March 2026, the actual dividend amounts before the stock split are stated. For the fiscal year ending March 2027 (forecast), the figures after the stock split are stated. If the stock split is not taken into account, the annual dividend for the fiscal year ending March 2027 (forecast) would be 180 yen.
- Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending March 31, 2027 | Millions of yen 358,000 | % 6.6 | Millions of yen 33,500 | % 8.5 | Millions of yen 34,000 | % 2.7 | Millions of yen 23,000 | % 4.6 | Yen 281.37 |
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. The basic earnings per share in the consolidated financial result forecasts for the fiscal year ending March 2027 takes into account the impact of this stock split.
* Notes | ||
(1) Significant changes in the scope of consolidation during the period: Newly included: - companies( | None | ) |
Excluded: - companies( | ) | |
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2026
82,808,522 shares
As of March 31, 2025
82,808,522 shares
Number of treasury shares at the end of the period
As of March 31, 2026
1,066,720 shares
As of March 31, 2025
1,118,820 shares
Average number of shares outstanding during the period
Fiscal Year ended March 31, 2026 | 81,731,373 shares |
Fiscal Year ended March 31, 2025 | 81,652,640 shares |
(Note)
For the purpose of calculating the number of treasury shares at the end of period and the average numbers of shares issued during the period, treasury shares held in the Board Benefit Trust (BBT) are included in the treasury shares deducted in the calculation.
The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Total number of issued shares at the end of the period (including treasury shares), number of treasury shares at the end of the period, and average number of shares outstanding during the period have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.
[Reference] Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
March 31, 2026
March 31, 2025
Millions of yen
18,040
16,238
%
11.1
6.7
Millions of yen
3,452
755
%
356.8
4.3
Millions of yen
4,009
1,658
%
141.8
12.2
Millions of yen
6,766
4,500
%
50.3
25.0
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2026
82.74
-
March 31, 2025
55.09
-
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Basic earnings per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of March 31, 2026 March 31, 2025 | Millions of yen 175,994 189,589 | Millions of yen 59,040 60,494 | % 33.5 31.9 | Yen 721.91 740.16 |
Reference: Equity
As of March 31, 2026: ¥ 59,040 million
As of March 31, 2025: ¥ 60,494 million
Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Net assets per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.
Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters (Cautionary statements with respect to financial forecast)
The financial forecasts which appear in this report have been prepared based solely on the information which was available to the Company as of the date on which the report was released and the Company does not in any way guarantee the achievement of the forecasts. Actual results may differ significantly from the forecasted figures due to a number of factors.
Consolidated Financial Statements and Primary Notes
Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025
As of March 31, 2026
Assets
Current assets
Cash and deposits | 39,429 | 43,487 |
Notes receivable - trade | 3,546 | 3,014 |
Accounts receivable - trade | 36,400 | 42,259 |
Contract assets | 1,426 | 446 |
Merchandise and finished goods | 46,846 | 46,939 |
Work in process | 19,120 | 20,362 |
Raw materials and supplies | 15,697 | 18,277 |
Accounts receivable - other | 3,697 | 4,520 |
Other | 9,631 | 10,475 |
Allowance for doubtful accounts | (1,614) | (1,867) |
Total current assets | 174,183 | 187,914 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 83,290 | 86,119 |
Machinery, equipment and vehicles | 94,004 | 96,558 |
Tools, furniture and fixtures | 43,549 | 47,096 |
Right-of-use assets | 16,524 | 19,358 |
Other | 211 | 186 |
Accumulated depreciation | (178,271) | (189,272) |
Land | 52,695 | 52,879 |
Construction in progress | 989 | 1,437 |
Total property, plant and equipment | 112,995 | 114,365 |
Intangible assets | ||
Goodwill | 6,375 | 6,091 |
Other | 11,614 | 13,921 |
Total intangible assets | 17,989 | 20,012 |
Investments and other assets | ||
Investment securities | 53,123 | 49,545 |
Retirement benefit asset | 1,603 | 1,348 |
Deferred tax assets | 2,151 | 2,618 |
Other | 7,334 | 8,223 |
Allowance for doubtful accounts | (146) | (146) |
Total investments and other assets | 64,068 | 61,589 |
Total non-current assets | 195,053 | 195,967 |
Total assets | 369,236 | 383,881 |
(Millions of yen)
As of March 31, 2025
As of March 31, 2026
Liabilities
Current liabilities
Notes and accounts payable - trade | 26,847 | 28,322 |
Short-term borrowings | 50,547 | 42,569 |
Current portion of long-term borrowings | 23,065 | 28,605 |
Accounts payable - other | 11,997 | 15,098 |
Income taxes payable | 5,311 | 6,743 |
Contract liabilities | 9,769 | 9,998 |
Provision for bonuses | 5,865 | 6,595 |
Provision for goods warranties | 566 | 682 |
Provision for business restructuring | 217 | - |
Other provisions | 286 | 296 |
Asset retirement obligations | 502 | 513 |
Other | 14,652 | 17,192 |
Total current liabilities | 149,628 | 156,616 |
Non-current liabilities | ||
Long-term borrowings | 33,996 | 24,308 |
Lease liabilities | 9,033 | 9,385 |
Deferred tax liabilities | 5,335 | 4,023 |
Deferred tax liabilities for land revaluation | 3,720 | 3,720 |
Provision for stock benefits | 723 | 1,013 |
Provision for long-term goods warranties | 164 | 239 |
Provision for retirement benefits for directors (and other officers) | 4 | 4 |
Other provisions | 5 | 2 |
Retirement benefit liability | 5,900 | 5,153 |
Asset retirement obligations | 609 | 706 |
Other | 2,099 | 1,202 |
Total non-current liabilities | 61,592 | 49,762 |
Total liabilities | 211,221 | 206,378 |
Net assets | ||
Shareholders' equity | ||
Share capital | 10,000 | 10,000 |
Capital surplus | 7,256 | 7,259 |
Retained earnings | 98,164 | 115,182 |
Treasury shares | (1,381) | (1,318) |
Total shareholders' equity | 114,039 | 131,124 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 14,711 | 10,999 |
Deferred gains or losses on hedges | (5) | (48) |
Revaluation reserve for land | 8,083 | 8,083 |
Foreign currency translation adjustment | 18,783 | 25,935 |
Remeasurements of defined benefit plans | 359 | (311) |
Total accumulated other comprehensive income | 41,932 | 44,659 |
Non-controlling interests | 2,042 | 1,719 |
Total net assets | 158,014 | 177,502 |
Total liabilities and net assets | 369,236 | 383,881 |
