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Consumer Durables

Seiko Holdings Corp.

Business Summary

Seiko Holdings Corp. engages in the management and organization of its clock, watch, electronics, and eyeglass businesses. It operates through the following business segments: Watches, Electronic Devices, Systems Solutions, and Others. The Watches segment manufactures and sells watches and watch movements. The Electronic Devices segment includes semiconductors, quartz crystals, micro batteries and materials, printers, hard disk drive components, and shutters for cameras. The Systems Solutions segment offers wireless communication equipment, information network systems, and data services. The Others provides clocks, jewelry, apparel and fashion accessories, and system clocks. The company was founded by Kintaro Hattori in December 1881 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue247,293M2,229.98M
Gross Profit96,338M868.73M
Operating income9,395M84.72M
Income before tax11,774M106.17M
Net income9,250M83.41M
EBITDA19,236M173.46M
Diluted EPS224.402.02
Dividends Per Share750.67
Total Assets303,036M2,737.82M
Total liabilities192,621M1,740.26M
Total equity109,221M986.77M
Operating cash flow17,508M157.87M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 293,472M 296,705M 257,115M 268,529M 247,293M
Gross Profit 104,266M 108,541M 96,292M 102,298M 96,338M
Operating income 11,667M 13,307M 7,488M 10,837M 9,395M
Income before tax 24,697M 8,846M 6,115M 15,828M 11,774M
Net income 21,778M 12,142M 5,393M 11,542M 9,250M
EBITDA 23,195M 24,204M 19,029M 21,848M 19,236M
Diluted EPS 526.95 293.80 130.70 280.00 224.40
Dividends Per Share 50 62.50 75 75 75
Total Assets 333,701M 329,115M 328,857M 305,297M 303,036M
Total liabilities 241,112M 226,423M 221,689M 200,121M 192,621M
Total equity 90,411M 94,522M 98,119M 104,011M 109,221M
Operating cash flow 16,562M 15,096M 4,210M 27,885M 17,508M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 2,671.41M 2,470.80M 2,374.37M 2,422.83M 2,229.98M
Gross Profit 949.11M 903.87M 889.22M 922.99M 868.73M
Operating income 106.20M 110.81M 69.14M 97.77M 84.72M
Income before tax 224.81M 73.66M 56.47M 142.81M 106.17M
Net income 198.24M 101.11M 49.80M 104.13M 83.41M
EBITDA 211.13M 201.55M 175.72M 197.12M 173.46M
Diluted EPS 4.79 2.44 1.20 2.52 2.02
Dividends Per Share 0.45 0.52 0.69 0.67 0.67
Total Assets 2,782.58M 2,928.19M 2,951.24M 2,870.68M 2,737.82M
Total liabilities 2,010.52M 2,014.52M 1,989.49M 1,881.72M 1,740.26M
Total equity 753.89M 840.98M 880.54M 978.00M 986.77M
Operating cash flow 150.76M 125.71M 38.87M 251.59M 157.87M

Valuation Measures

Mar 2019
PER11.74
ROA3.04%
ROE8.67%
Operating margin3.79%
Profit margin3.74%

Key executives

  • Chairman & Group Chief Executive Officer: Shinji Hattori
  • President & Representative Director: Yoshinobu Nakamura
  • Director & Manager-Corporate Planning: Shimesu Takizawa
  • Auditor: Seiichi Mikami
  • Auditor: Haruhiko Takagi

Shareholders

  • Sanko Kigyo Co. (10.7%)
  • HATTORI ETSUKO (8.7%)
  • HATTORI SHINJI /SEIKO HOLDINGS/ (5.5%)
  • Dai-ichi Life Holdings, Inc. (4.3%)
  • HATTORI HIDEO /SEIKO/ (3.9%)
  • Goldman Sachs Asset Management LP (2.5%)
  • Asset Management One Co., Ltd. (2.5%)
  • Dimensional Fund Advisors LP (2.3%)
  • The Vanguard Group, Inc. (1.9%)
  • Shimizu Corp. (1.7%)

Contact Details

Related Companies

  • Xiamen Lis Technology Co., Ltd.
  • Seiko Holdings Board Incentive Plan
  • Seiko Holdings Board Benefit Trust
  • I.B.L. Electroplating Co. Ltd.
  • Seiko Solutions, Inc.
  • Guangzhou SII Watch Co., ltd
  • Guangzhou Seiko Instruments Ltd.
  • Wako Co., Ltd. (Seiko)
  • Toyocom Asia Pte Ltd.
  • Oriental Electronics Device Co. Ltd.
  • Toyocom Europe GmbH
  • Toyocom Hong Kong Ltd.
  • Seiko Clock Inc.
  • Seiko Sports Life Co., Ltd.
  • Seiko Watch Corp.
  • Azusa Precision, Inc.
  • Seiko Time Systems, Inc.
  • Seiko NPC Corp.
  • Seiko Service Center Co. Ltd.
  • Best Vision KK
  • SEIKO France
  • SEIKO Australia Pty Ltd.
  • Seiko Optical Products of America, Inc.
  • Shirakawa Estate KK
  • Seiko Precision, Inc.
  • Seiko Precision (Thailand) Co. Ltd.
  • Seiko Corp. of America
  • Seiko Optical Products Co., Ltd.
  • Societe de Mecanique Magnetique SA
  • Kyobashi Kigyo KK

Competitors

  • Movado Group, Inc.
  • Fossil Group, Inc.
Last Updated on 1 Apr, 2020

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