Seika Corp. reports strong first half, on track for growth strategy

Seika Corporation announced strong interim consolidated financial results for the first half of the fiscal year ending March 2026, with net sales reaching 51.83 bn yen, an increase of 7.32 bn yen year-on-year. Operating profit also rose to 3.26 bn yen, up 0.34 bn yen, attributed to strong performance in the energy business and a recovery in the industrial machinery business. Order backlog increased by 4.78 bn yen year-on-year to 72.33 bn yen.

The company is progressing with its long-term management vision, aiming for 12.0 bn yen in operating profit by FY2030, with 3.5 bn yen from nonorganic initiatives and 8.5 bn yen from organic growth. A key nonorganic initiative is the acquisition of Asahi Sunac Corporation, a subsidiary that enhances overseas sales channels and market entry into the automotive sector. Shareholder returns have been revised to a target total payout ratio of 45%, and a three-for-one stock split was implemented on October 1, 2025.

For the full fiscal year ending March 2026, Seika Corporation forecasts consolidated net sales of 105.00 bn yen and an operating profit of 6.60 bn yen. The company also announced the acquisition of shares in Tokyo Sangyo Co., Ltd., becoming its largest shareholder with an 11.58% stake, and initiated discussions to explore synergies.