Seika Corp. reports increased sales, profit; plans share split

Seika Corporation reported consolidated net sales of JPY 51.83 billion for the first half of the fiscal year ending March 31, 2026, marking a 16.4% year-on-year increase. Operating profit also saw significant growth, rising by 11.7% to JPY 3.26 billion. This positive performance was attributed to continued strength in the energy business and recovery in the industrial machinery business. Transaction value, however, decreased by 13.7% to JPY 132.55 billion.

Profit attributable to owners of parent declined by 37.9% to JPY 3.12 billion, primarily due to a year-on-year drop in gains from the sale of cross-shareholdings and a JPY 489 million provision for litigation loss as an extraordinary item. Order backlog increased by 7.1% to JPY 72.33 billion.

The company's forecast for the full fiscal year ending March 31, 2026, projects net sales of JPY 105.00 billion (up 12.0%) and operating profit of JPY 6.60 billion (up 1.7%). Seika Corporation also announced a three-for-one share split effective October 1, 2025, with projected year-end dividends of JPY 37 yen per share post-split.