Financials Seiko Group Corporation

Equities

8050

JP3414700009

Apparel & Accessories

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-01-17 am EST			5-day change	1st Jan Change
4,595.00 ^JPY	-0.11%		-3.16%	-6.13%

Nov. 12	Seiko Group Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025	CI
Aug. 16	Seiko Group Logs 45% Jump in Fiscal Q1 Attributable Profit	MT

Projected Income Statement: Seiko Group Corporation

income-statement-evolution-chart SEIKO-GROUP-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	239,150	202,671	237,382	260,504	276,807	306,333	317,500	328,167
Change	-	-15.25%	17.13%	9.74%	6.26%	10.67%	3.65%	3.36%
EBITDA ¹	16,449	12,884	19,649	23,592	28,038	33,700	35,000	36,550
Change	-	-21.67%	52.51%	20.07%	18.85%	20.19%	3.86%	4.43%
EBIT ¹	6,134	2,194	8,770	11,233	14,737	20,167	21,833	23,333
Change	-	-64.23%	299.73%	28.08%	31.19%	36.84%	8.26%	6.87%
Interest Paid ¹	-982	-899	-896	-1,139	-1,350	-1,500	-1,500	-1,400
Earnings before Tax (EBT) ¹	6,201	6,424	8,876	9,642	15,123	18,900	20,500	22,200
Change	-	3.6%	38.17%	8.63%	56.85%	24.98%	8.47%	8.29%
Net income ¹	3,394	3,475	6,415	5,028	10,051	13,033	14,800	15,967
Change	-	2.39%	84.6%	-21.62%	99.9%	29.67%	13.55%	7.88%
Announcement Date	5/12/20	5/11/21	5/10/22	5/9/23	5/14/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	62,576	54,422	35,612	51,878	58,508	56,673	54,609	55,786	63,466	63,521	62,078	67,843	67,538	63,045	62,949	68,346	74,377	71,135	74,040	76,961	80,600	74,400
Change	-	-13.03%	-34.56%	45.68%	12.78%	-3.14%	-3.64%	2.16%	13.77%	0.09%	-2.27%	9.29%	-0.45%	-6.65%	-0.15%	8.57%	8.82%	-4.36%	4.08%	3.95%	4.73%	-7.69%
EBITDA	3,559	834	259	3,404	4,939	4,282	4,111	4,628	5,809	5,101	6,021	8,975	6,404	2,109	5,918	8,635	-	-	-	-	-	-
Change	-	-76.57%	-68.94%	1,214.29%	45.09%	-13.3%	-3.99%	12.58%	25.52%	-12.19%	18.04%	49.06%	-28.65%	-67.07%	180.61%	45.91%	-100%	-	-	-	-	-
EBIT ¹	1,099	-1,981	-2,178	667	2,203	1,502	1,512	1,941	3,039	2,278	3,105	5,742	3,599	-1,213	2,823	5,337	5,983	594	5,104	8,247	6,650	224.5
Change	-	-	9.94%	-	230.28%	-31.82%	0.67%	28.37%	56.57%	-25.04%	36.3%	84.93%	-37.32%	-	-	89.05%	12.1%	-90.07%	759.26%	61.58%	-19.36%	-96.62%
Charge d'intérêts	-241	-	-239	-	-226	-	-224	-	-221	-	-233	-	-293	-	-320	-	-392	-	-343	-	-	-
Earnings before Tax (EBT)	1,717	-3,343	1,487	1,982	1,047	-	1,352	1,355	3,641	2,528	3,947	5,503	3,040	-2,848	3,732	5,396	5,434	-	5,415	-	-	-
Change	-	-	-	33.29%	-47.17%	-100%	-	0.22%	168.71%	-30.57%	56.13%	39.42%	-44.76%	-	-	44.59%	0.7%	-100%	-	-100%	-	-
Net income	968	-2,981	942	1,165	190	1,178	53	1,140	2,717	2,505	1,707	3,585	2,812	-3,076	2,411	3,870	4,362	-	3,492	-	-	-
Change	-	-	-	23.67%	-83.69%	520%	-95.5%	2,050.94%	138.33%	-7.8%	-31.86%	110.02%	-21.56%	-	-	60.51%	12.71%	-100%	-	-100%	-	-
Announcement Date	2/13/20	5/12/20	8/11/20	11/10/20	2/9/21	5/11/21	8/10/21	11/9/21	2/8/22	5/10/22	8/9/22	11/8/22	2/14/23	5/9/23	8/8/23	11/14/23	2/14/24	5/14/24	8/13/24	11/12/24	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1	2025 S1
Net sales ¹	87,490	115,181	110,395	-	129,921	131,295	151,001
Change	-	31.65%	-4.16%	-100%	-	1.06%	15.01%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	-1,511	3,705	3,453	-	8,847	8,160	13,351
Change	-	-	-6.8%	-100%	-	-7.77%	63.62%
Charge d'intérêts ¹	-475	-	-454	-	-515	-629	-717
Earnings before Tax (EBT) ¹	3,469	2,955	2,707	6,169	9,450	9,128	12,833
Change	-	-14.82%	-8.39%	127.89%	53.19%	-3.41%	40.59%
Net income ¹	2,107	1,368	1,193	-	5,292	6,281	8,667
Change	-	-35.07%	-12.79%	-100%	-	18.69%	37.99%
Announcement Date	11/10/20	5/11/21	11/9/21	5/10/22	11/8/22	11/14/23	11/12/24

¹JPY in Million

Estimates

Forecast Balance Sheet: Seiko Group Corporation

balance-sheet-analysis-chart SEIKO-GROUP-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	83,508	97,877	89,986	101,883	92,744	88,100	80,000	72,800
Change	-	17.21%	-8.06%	13.22%	-8.97%	-5.01%	-9.19%	-9%
Announcement Date	5/12/20	5/11/21	5/10/22	5/9/23	5/14/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Seiko Group Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	8,852	17,735	8,797	12,182	11,023	12,000	12,500	13,000
Change	-	100.35%	-50.4%	38.48%	-9.51%	8.86%	4.17%	4%
Free Cash Flow (FCF) ¹	-7,984	-4,964	11,040	-6,274	21,703	7,134	14,800	15,300
Change	-	-37.83%	-322.4%	-156.83%	-445.92%	-67.13%	107.46%	3.38%
Announcement Date	5/12/20	5/11/21	5/10/22	5/9/23	5/14/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Seiko Group Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.88%	6.36%	8.28%	9.06%	10.13%	11%	11.02%	11.14%
EBIT Margin (%)	2.56%	1.08%	3.69%	4.31%	5.32%	6.58%	6.88%	7.11%
EBT Margin (%)	2.59%	3.17%	3.74%	3.7%	5.46%	6.17%	6.46%	6.76%
Net margin (%)	1.42%	1.71%	2.7%	1.93%	3.63%	4.25%	4.66%	4.87%
FCF margin (%)	-3.34%	-2.45%	4.65%	-2.41%	7.84%	2.33%	4.66%	4.66%
FCF / Net Income (%)	-235.24%	-142.85%	172.1%	-124.78%	215.93%	54.74%	100%	95.82%
Profitability
ROA	2.32%	0.2%	3.07%	3.27%	4.34%	3.2%	3.4%	3.7%
ROE	3.2%	3.2%	5.5%	4%	7.2%	8.47%	8.65%	8.75%
Financial Health
Leverage (Debt/EBITDA)	5.08x	7.6x	4.58x	4.32x	3.31x	2.61x	2.29x	1.99x
Debt / Free cash flow	-10.46x	-19.72x	8.15x	-16.24x	4.27x	12.35x	5.41x	4.76x
Capital Intensity
CAPEX / Current Assets (%)	3.7%	8.75%	3.71%	4.68%	3.98%	3.92%	3.94%	3.96%
CAPEX / EBITDA (%)	53.81%	137.65%	44.77%	51.64%	39.31%	35.61%	35.71%	35.57%
CAPEX / FCF (%)	-110.87%	-357.27%	79.68%	-194.17%	50.79%	168.21%	84.46%	84.97%
Items per share
Cash flow per share ¹	332.6	343.6	419.3	421.4	567.7	-	-	-
Change	-	3.3%	22.05%	0.49%	34.71%	-	-	-
Dividend per Share ¹	75	37.5	50	75	80	95	109.3	118.7
Change	-	-50%	33.33%	50%	6.67%	18.75%	15.09%	8.54%
Book Value Per Share ¹	2,500	2,709	2,911	3,145	3,658	3,877	4,149	4,431
Change	-	8.37%	7.46%	8.03%	16.31%	5.99%	7.01%	6.82%
EPS ¹	82.36	84.3	155.6	121.9	244.3	319.2	362.4	390.9
Change	-	2.36%	84.53%	-21.66%	100.5%	30.63%	13.54%	7.87%
Nbr of stocks (in thousands)	41,239	41,229	41,244	41,272	40,765	40,845	40,845	40,845
Announcement Date	5/12/20	5/11/21	5/10/22	5/9/23	5/14/24	-	-	-