Seiko revises forecast upward, absorbs subsidiary

Seiko Corporation announced an upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2026, driven by strong performance in its industrial machinery and electrical equipment segments. The company now anticipates net sales of JPY 44,000 million (up from JPY 40,000 million), operating profit of JPY 1,300 million (up from JPY 1,000 million), and net profit attributable to parent company shareholders of JPY 1,200 million (up from JPY 1,000 million).

The industrial machinery segment saw increased orders for large liquid filling lines and robust demand from the food industry. The electrical equipment segment benefited from solid sales of air conditioning components and refrigeration equipment, alongside major energy-saving and BCP-compliant renewal projects. These factors are expected to lead to higher sales and improved profitability.

Additionally, Seiko Corporation will absorb its wholly-owned subsidiary, Buildmente Co., Ltd., effective January 1, 2026, to enhance operational efficiency and leverage management resources. Buildmente primarily provides maintenance services for offices and factories. This simplified absorption-type merger will not result in any changes to Seiko Corporation's name, address, or capital, and its impact on consolidated earnings is expected to be minor.