Seiren (3569) Q4 2026 earnings summary

Executive summary

• Achieved record-high sales and profits for the fifth consecutive fiscal year, with net sales of ¥171,765 million (+7.6% YoY), operating profit of ¥20,832 million (+16.6% YoY), ordinary profit of ¥22,005 million (+14.2% YoY), and net income of ¥15,599 million (+12.3% YoY), driven by strong Automotive Interior and Electronics segments.

• Results include the consolidation of NB SEIREN CO., LTD. from January 2026, contributing to asset and profit growth.

• Comprehensive income rose to ¥22,082 million, up 20.4% YoY.

• Continued focus on productivity, cost reduction, and growth investments in new business domains.

Financial highlights

• Net sales: ¥171,765 million (+7.6% YoY); operating profit: ¥20,832 million (+16.6% YoY); ordinary profit: ¥22,005 million (+14.2% YoY); net income: ¥15,599 million (+12.3% YoY).

• Gross profit increased to ¥47,140 million from ¥44,027 million YoY.

• Depreciation expense: ¥6,284 million (+4.2% YoY); equipment investment: ¥10,439 million (+80.6% YoY).

• Overseas subsidiaries contributed ¥123,818 million in sales (+4.4% YoY in yen terms).

• Cash and cash equivalents at year-end were ¥34,198 million, down from ¥40,317 million YoY.

Outlook and guidance

• FY2027 forecast: net sales ¥190,300 million (+10.8% YoY), operating profit ¥20,900 million (+0.3% YoY), ordinary profit ¥21,100 million (–4.1% YoY), net income ¥15,000 million (–3.8% YoY), EPS ¥255.07.

• Plans for six consecutive years of record-high operating profit.

• Equipment investment planned at ¥15,300 million (+46.6% YoY); annual dividend forecast maintained at ¥76 per share, payout ratio 29.8%.

• Management highlights ongoing uncertainty due to global economic and geopolitical risks.