Seiko Electric Co., Ltd. (TSE: 6653), a Fukuoka-based maker of power-distribution and control equipment, switchgear and industrial-IoT systems, reported consolidated results for the first half of the year ending December 31, 2026 under Japanese GAAP. Revenue rose 18.6% to ¥17,104 million, operating profit rose 25.5% to ¥1,680 million, ordinary profit rose 32.7% to ¥2,028 million, and interim net profit attributable to owners of the parent jumped 49.3% to ¥1,458 million. Basic earnings per share were ¥107.79, up from ¥72.33.
Power-infrastructure demand lifts profits
Double-digit revenue growth and improved profitability reflected firm demand for electrical infrastructure — power-distribution and control equipment for utilities, factories and public works — with profit growth outpacing sales as margins widened. Comprehensive income rose 66.0% to ¥1,827 million.
Balance sheet
Total assets were ¥36,266 million and net assets ¥19,616 million, an equity ratio of 54.1%.
Guidance raised
On the strength of the first half, Seiko Electric revised its full-year FY12/2026 guidance upward, now expecting revenue of ¥36,000 million (+14.7%), operating profit of ¥3,000 million (+14.7%), ordinary profit of ¥3,600 million (+15.2%) and net profit of ¥2,500 million (+22.7%), with EPS of ¥184.73.
Higher dividend
The company raised its annual dividend plan to ¥60.00 for FY12/2026 (¥30.00 interim, ¥30.00 year-end), up from ¥50.00 a year earlier.
| Metric | H1 FY12/2026 | H1 FY12/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 17,104 | 14,415 | +18.6% |
| Operating profit (¥ million) | 1,680 | 1,338 | +25.5% |
| Ordinary profit (¥ million) | 2,028 | 1,529 | +32.7% |
| Interim net profit (¥ million) | 1,458 | 976 | +49.3% |
| Basic EPS (¥) | 107.79 | 72.33 | +49.0% |
| Annual dividend (¥) | 60.00 | 50.00 | +20.0% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.