# Citizen Watch vs Seiko Group

> Unit: JPY millions (ratios in %)
> Periods: Citizen Watch = FY ending Mar 2026, consolidated, J-GAAP / Seiko Group = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:07:39.792Z

| Metric | Citizen Watch | Seiko Group |
| --- | ---: | ---: |
| Revenue | 346,808 | 335,686 |
| Operating income | 30,250 | 30,873 |
| Net income | 31,100 | 21,980 |
| COGS ratio | 56.9% | 53.8% |
| Operating margin | 8.7% | 9.2% |
| Net margin | 9.0% | 6.5% |
| FCF margin | 4.3% | 6.8% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YGYK | S100YHM2 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Citizen Watch | Seiko Group |
| --- | ---: | ---: |
| Revenue growth | 57.5 (20 peers) | 52.5 (20 peers) |
| Profitability | 62.5 (20 peers) | 67.5 (20 peers) |
| Cash conversion | 65.8 (19 peers) | 60.5 (19 peers) |
| Efficiency | 26.2 (21 peers) | 35.7 (21 peers) |
| Financial strength | 62.5 (4 peers) | — |

## Company details

- https://vizora.meequs.com/en/company/citizen-watch/md
- https://vizora.meequs.com/en/company/seiko-group/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).