Seiren (3569) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 17.1% year-over-year to ¥78,033 million, with operating profit up 36.4% to ¥8,221 million and ordinary profit up 12.8% to ¥9,069 million.

• Profit attributable to owners of parent increased 16.5% year-over-year to ¥6,710 million, and basic earnings per share rose to ¥120.05 from ¥107.37.

• Comprehensive income for the period was ¥12,142 million, slightly down 2.5% year-over-year.

Financial highlights

• Gross profit increased to ¥21,121 million from ¥18,168 million year-over-year, while selling, general and administrative expenses rose to ¥12,900 million.

• Total assets grew to ¥195,735 million as of September 30, 2024, up from ¥187,458 million at the previous fiscal year-end.

• Net assets increased to ¥143,042 million, with an equity ratio of 72.5%.

• Cash and cash equivalents at period-end were ¥39,752 million, up from ¥39,448 million a year earlier.

Outlook and guidance

• Full-year net sales forecast is ¥156,000 million, up 9.9% year-over-year, with operating profit projected at ¥16,400 million (up 16.6%) and profit attributable to owners of parent at ¥12,600 million (up 3.7%).

• Basic earnings per share for the full year is forecast at ¥218.34.

• Dividend forecast for the fiscal year ending March 31, 2025, is ¥60.00 per share.