Interim report
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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 . Consolidated Financial Results for the Three Months Ended June 30 , 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 Inquiries : Masanobu Minami Telephone : + 81-3-3563-2111 President General Manager , Accounting Department Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes ( for institutional investors and analysts ) August 7 , 2026 FASF ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to owners of parent Net sales Three months ended June 30 , 2026 Millions of yen 99,089 % 28.5 June 30 , 2025 Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : 77,114 4.2 Operating profit Millions of yen 15,440 8,176 Ordinary profit % 88.8 60.2 Millions of yen 16,491 8,488 % 94.3 56.7 Millions of yen % 11,197 76.3 6,352 81.9 ¥ 18,440 million [ 720.2 % ] ¥ 2,248 million [ ( 68.7 ) % ] Basic earnings per share Three months ended June 30 , 2026 Yen 136.99 77.75 Diluted earnings per share Yen June 30 , 2025 Note : The Company implemented a 2 - for - 1 share split of its common shares effective April 1 , 2026. Basic earnings per share have been calculated on the assumption that the share split had been implemented at the beginning of the previous fiscal year . ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Reference : Equity Total assets As of June 30 , 2026 : As of March 31 , 2026 : 2. Cash dividends Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecast ) Millions of yen 407,233 383,881 Net assets Equity - to - asset ratio Millions of yen 191,938 177,502 % 46.7 45.8 ¥ 190,017 million ¥ 175,783 million Annual dividends per share First quarter - end Second quarter - end Third quarter - end Fiscal year - end Total Yen Yen Yen Yen Yen 60.00 105.00 165.00 52.50 52.50 105.00 Yes Note : Revisions to the forecast of cash dividends most recently announced : The Company implemented a 2 - for - 1 share split of its common shares effective April 1 , 2026. For the fiscal year ended March 31 , 2026 , the dividend amounts shown in the table above are the actual amounts before the share split . On a post - split basis , the dividends for the fiscal year ended March 31 , 2026 would have been 30 yen at the end of the second quarter , 52.50 yen at the fiscal year - end , and 82.50 yen in total for the fiscal year .
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33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222266666 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777))))) (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 Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen March 31, 2027 375,000 11.7 41,000 32.8 41,500 25.3 28,000 27.4 342.50 Note: Revisions to the financial result forecast most recently announced: Yes ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies( ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 82,808,522 shares As of March 31, 2026 82,808,522 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,052,280 shares As of March 31, 2026 1,066,720 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 81,743,222 shares Three months ended June 30, 2025 81,698,402 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 implemented a 2-for-1 share 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 (cumulative from the beginning of the fiscal year) have been calculated on the assumption that the share split had been implemented at the beginning of the previous fiscal year. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * 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.
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Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 43,487 48,470 Notes and accounts receivable - trade, and contract assets 45,720 51,774 Inventories 85,579 86,827 Accounts receivable - other 4,520 3,545 Other 10,475 12,183 Allowance for doubtful accounts (1,867) (1,957) Total current assets 187,914 200,844 Non-current assets Property, plant and equipment Buildings and structures 86,119 86,474 Machinery, equipment and vehicles 96,558 97,533 Tools, furniture and fixtures 47,096 48,053 Other 19,545 19,794 Accumulated depreciation (189,272) (191,698) Land 52,879 52,888 Construction in progress 1,437 1,734 Total property, plant and equipment 114,365 114,780 Intangible assets Goodwill 6,091 5,716 Other 13,921 14,595 Total intangible assets 20,012 20,311 Investments and other assets Investment securities 49,545 59,085 Deferred tax assets 2,618 2,730 Other 9,571 9,626 Allowance for doubtful accounts (146) (146) Total investments and other assets 61,589 71,296 Total non-current assets 195,967 206,388 Total assets 383,881 407,233
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 28,322 29,213 Short-term borrowings 42,569 51,907 Current portion of long-term borrowings 28,605 29,248 Accounts payable - other 15,098 11,446 Income taxes payable 6,743 4,630 Provision for bonuses 6,595 3,731 Other provisions 978 1,083 Asset retirement obligations 513 521 Other 27,191 30,223 Total current liabilities 156,616 162,005 Non-current liabilities Long-term borrowings 24,308 23,999 Deferred tax liabilities 4,023 7,712 Deferred tax liabilities for land revaluation 3,720 3,720 Other provisions 1,260 1,390 Retirement benefit liability 5,153 5,122 Asset retirement obligations 706 692 Other 10,588 10,650 Total non-current liabilities 49,762 53,289 Total liabilities 206,378 215,294 Net assets Shareholders' equity Share capital 10,000 10,000 Capital surplus 7,259 7,259 Retained earnings 115,182 122,359 Treasury shares (1,318) (1,301) Total shareholders' equity 131,124 138,317 Accumulated other comprehensive income Valuation difference on available-for-sale securities 10,999 16,823 Deferred gains or losses on hedges (48) (82) Revaluation reserve for land 8,083 8,083 Foreign currency translation adjustment 25,935 27,207 Remeasurements of defined benefit plans (311) (332) Total accumulated other comprehensive income 44,659 51,699 Non-controlling interests 1,719 1,921 Total net assets 177,502 191,938 Total liabilities and net assets 383,881 407,233
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 77,114 99,089 Cost of sales 41,390 51,306 Gross profit 35,723 47,783 Selling, general and administrative expenses 27,546 32,343 Operating profit 8,176 15,440 Non-operating income Interest income 126 146 Dividend income 423 452 Share of profit of entities accounted for using equity method 185 770 Foreign exchange gains - 143 Other 195 185 Total non-operating income 931 1,698 Non-operating expenses Interest expenses 350 374 Foreign exchange losses 9 - Other 260 272 Total non-operating expenses 620 647 Ordinary profit 8,488 16,491 Extraordinary income Gain on sale of non-current assets 561 - Total extraordinary income 561 - Profit before income taxes 9,049 16,491 Income taxes 2,591 5,096 Profit 6,458 11,394 Profit attributable to non-controlling interests 106 196 Profit attributable to owners of parent 6,352 11,197
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 6,458 11,394 Other comprehensive income Valuation difference on available-for-sale securities (3,558) 5,768 Deferred gains or losses on hedges (37) (34) Foreign currency translation adjustment (653) 1,070 Remeasurements of defined benefit plans, net of tax (62) (26) Share of other comprehensive income of entities accounted for using equity method 101 268 Total other comprehensive income (4,210) 7,045 Comprehensive income 2,248 18,440 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,079 18,238 Comprehensive income attributable to non-controlling interests 168 202