Net sales and profit increased year on year in 3M FY2022.
Net Sales :62.0 billion yen
(year-on-year +13.7%)
In the Emotional Value Solutions Business, the Watches Business and WAKO Business for the Japanese market recovered significantly on the back of improved personal consumption. In the Watches Business, net sales for overseas markets also grew in many countries and regions. The Devices Solutions Business continued to increase net sales by steadily capturing favorable demand. In the Systems Solutions Business, net sales exceeded those of the previous fiscal year, thanks to successful efforts to diversify business and expand the stock business.
Operating Profit: 3.1 billion yen (year-on-year+105.3%）
Factors of changes in operating profit
（Billions of yen）
Impact of
improved GP%
Increase in
Impact of
etc.（※）
labor expenses
Increase in
increase
advertising
in Net sales
expenses Increase in other
SG&A expenses
FY22
Operating Profit
FY21
FY21
Extraordinary
Exchange rate fluctuations
Operating Profit
Loss
c. -0.9
Exchange rate
fluctuations
c. 1.6
GP%
FY21
FY22
FY22
1Q Total 1Q Target
40.6% 41.8% 42.2% 42.8%
Increase of 1.6pt
(※) The impact of improved GP% is an aggregation of the impact of improved GP% for each business segment, and does not factor in the impact of GP% changes due to changes in the business structure.
1
Points:Financial Forecast for FY2022
During the three-month period ended June 30, 2022, both revenue and profits increased year on year in three business segments, slightly exceeding the forecasts.
However,
・risks such as raw material shortages, soaring prices, and supply chain disruptions due to China's zero-COVID measures are becoming even greater
・uncertainty about the future of the Japanese and global economies is increasing
Taking these factors into consideration, we have decided to maintain the previous financial forecast.
*Consolidated total represents figures after consolidation adjustment such as the elimination of inter-segment sales.
2
1. Consolidated Results
3
Changes in Segments
To realize the Group 10-year vision, we have established three strategic domains based on the solutions we provide, and formulated and implemented strategies for each domain under the 8th Mid-Term Management Plan, "SMILE145." Accordingly, reported segments have been changed from the fiscal year ending March 31, 2023.
【Before】
Watches Business
Electronic Devices Business
Systems Solutions Business
Time Creation, WAKO
Time Creation Business
and other Businesses
WAKO Business
Others
【After】
Emotional Value Solutions Business (EVS Business)
Watches Business
Time Creation Business
WAKO Business
*Clock Manufacturing Business
Devices Solutions Business (DS Business)
Systems Solutions Business (SS Business)
Others
The actual results from FY2019 through FY2021 have been reclassified to reflect the new disclosure segments. The figures in this presentation are unaudited and provided for reference.
4
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Seiko Holdings Corporation published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 02:33:01 UTC.
Seiko Group Corp is a Japan-based company mainly engaged in the operation of watch business, electronic device business and system solution business. The Company operates through three business segments. The Watch segment is engaged in the manufacture, wholesale and retail of watches and watch movements, as well as watch repair and after-sales service. The Electronic Device segment is engaged in the manufacture and sale of crystal oscillators, batteries and materials, printers, and precision parts. The System Solution segment is engaged in the manufacture and sale of products related to wireless communication equipment, information network systems, and data services. The Company also operates the time creation and wako business, including the sale of equipment clocks and sports timing equipment, the development manufacture, sale, repair and after-sales service of clocks, the retail of luxury jewelry, apparel and miscellaneous goods, and real estate leasing business.
SEIKO GROUP CORPORATION 
