Story Highlight
– Seiko Group achieves record results with 22.3% sales rise.
– Operating profit increases 86.5% to ¥31.4 billion.
– Full year sales forecast revised to ¥390 billion.
– Watch segment sales up 24.2% to ¥122.4 billion.
– Significant cash flow improvement boosts investor confidence.
Full Story
Seiko Group Corporation has reported record-breaking financial performance for the first half of its fiscal year, marked by a remarkable 22.3% increase in sales and an impressive 86.5% boost in operating profit.
For the six months concluding in September 2026, Seiko’s sales reached ¥196.3 billion ($1.2 billion), while operating profits climbed to ¥31.4 billion ($197 million). In light of these results, the company has updated its financial forecast for the entire 2026 fiscal year, projecting revenues of ¥390 billion ($2.4 billion) by March 2027.
Despite a notable 120% rise in share price this year, Seiko’s stock has faced a 24% decline in the past month. The watch segment proved to be particularly successful, contributing ¥122.4 billion ($767 million) in sales during the first half, representing a 24.2% year-on-year increase. Operating profit from watches rose by 11%, amounting to ¥26.4 billion ($165 million). If current trends continue, watches could account for over $1.5 billion in turnover this fiscal year, making up 62% of the overall group sales.
Additionally, the Seiko Group’s portfolio includes areas such as information technology, point of sale systems, and display solutions.
Sales growth has been consistent across several of Seiko’s watch lines, including Grand Seiko, Prospex, Presage, and Astron. The financial results indicate robust performance across all geographic regions, with the Americas seeing a sales increase of 27%, Europe up by 18%, and Japan growing by 29%. Notably, certain models from the Grand Seiko and Seiko collections have emerged as bestsellers in the United States.
Investors can take solace in a 50% rise in operating cash flows, driven by a significant increase in net profits for the company.
