Komori
Financial Results Presentation1961SANKI ENGINEERING CO.,LTD.Construction and Materials

Fiscal 2025 Financial Results Presentation

In FY2025, while revenue remained broadly unchanged from the previous fiscal year, operating income, ordinary income and net income all increased significantly, driven by improved profitability on carried-over building-services projects and other factors, reaching record highs. For FY2026, the Company expects higher revenue and earnings and plans to increase the annual dividend by ¥30 from the previous fiscal year.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
6098
Millions of yen (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFY202512 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales254,674 Millions of yen+0.6%
Operating profit27,991 Millions of yen+27.9%
Ordinary income29,287 Millions of yen+26.9%
Net income23,688 Millions of yen+37.7%
Gross Profit Margin22 %
Operating profit margin11 %
Selling, general and administrative expenses28,079 Millions of yen
Results for the three months of the current quarter
Q4 FY2025
Net Sales
84,077 Millions of yen
Gross profit
21,418 Millions of yen
Gross Profit Margin
25.5 %
Selling, general and administrative expenses
8,409 Millions of yen
Operating profit
13,008 Millions of yen
Operating profit margin
15.5 %
Ordinary income
13,480 Millions of yen
Net income
10,638 Millions of yen
Orders received
51,851 Millions of yen
Full-year earnings forecast
Fiscal 2026
Net Sales
260,000 Millions of yen
Gross profit
59,000 Millions of yen
Gross Profit Margin
22.7 %
Operating profit
29,500 Millions of yen
Operating profit margin
11.3 %
Ordinary income
30,000 Millions of yen
Net income
25,300 Millions of yen
Orders received
270,000 Millions of yen
Carried-forward construction work
260,794 Millions of yen
EPS
¥165.63
Dividend per share
¥65
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with the plan, while each profit measure exceeded the assumptions made when the plan was formulated
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Ordinary income bridge
FY2024 ordinary income
23,071 Millions of yen
Higher building-services revenue and improved margins, among other factors
7,593 Millions of yen
Increase in selling, general and administrative expenses
-2,477 Millions of yen
Change in non-operating income and expenses
-28 Millions of yen
FY2025 ordinary income
29,287 Millions of yen
New initiatives
  • Establishment of the Engineering Promotion Division and promotion of front-loading
  • Development of the energy-saving controller ECO-STAR
  • Development of S-TRANDIM
  • Development of a robot to support flexible-duct installation
  • Acquisition of all shares of 邦英商興株式会社
  • Agreement to acquire a 40% stake in ES Matrix
  • ZEB conversion renovations and rebuilding of 3 Company-owned facilities
  • First adoption in Japan of GX steel
  • Joint development by 3 companies, including Shin Nippon Air Technologies Co.,Ltd., of an automated BIM drafting function
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received294,738 Millions of yen+11.2%
  • Carried-forward construction work250,794 Millions of yen+19.0%
  • ROE20.8 %
  • EPS¥153.51
  • DOE8.8 %
  • Engagement score56.9 deviation score
    yoy_change_pt2.9
  • Orders received for renovation work170,999 Millions of yen
  • Revenue from renovation work153,963 Millions of yen
Segment results
Building air conditioning and plumbing
Net Sales
73,798 Millions of yen
Revenue_yoy_pct0
Operating profit
7,522 Millions of yen
Operating profit_yoy_pct133.2
Industrial air conditioning
Net Sales
91,137 Millions of yen
Revenue_yoy_pct-0.1
Operating profit
13,760 Millions of yen
Operating profit_yoy_pct10.3
Electricity
Net Sales
34,414 Millions of yen
Revenue_yoy_pct12.6
Operating profit
4,447 Millions of yen
Operating profit_yoy_pct31.4
Facility systems
Net Sales
13,558 Millions of yen
Revenue_yoy_pct1.3
Operating profit
1,790 Millions of yen
Operating profit_yoy_pct16.8
Mechanical systems
Net Sales
9,767 Millions of yen
Revenue_yoy_pct-10.7
Operating profit
-865 Millions of yen
Environmental Systems
Net Sales
30,107 Millions of yen
Revenue_yoy_pct-3.8
Operating profit
1,104 Millions of yen
Operating profit_yoy_pct-38.4
Real Estate
Net Sales
2,655 Millions of yen
Revenue_yoy_pct2.4
Operating profit
941 Millions of yen
Operating profit_yoy_pct-2.6
Medium-term management plan targets
Target fiscal yearFY2027
Net Sales
3,000 Hundreds of millions of yen
Operating profit
300 Hundreds of millions of yen
ROE
16 % or higher
Number of employees
2,900 People
DOE
5 % or higher
EPS
430 Yen or more
Growth Investment
500 approximately ¥ hundred million cumulative for FY2025–FY2027
Acquisition of treasury shares
400 approximately 10,000 shares cumulative for FY2025–FY2027
Financial targets
ROE
Target16.0% or higher
Actual results18.6 %
DOE
Target5.0% or more
Actual results8.8 %
Equity ratio
Actual results55.3 %
Orders received and order backlog
Orders received
294,738 Millions of yen
Carried-forward construction work
250,794 Millions of yen
Number of employees
Number of Employees2,705 People
Hiring plan107 new graduates to join in April 2026; recruitment target of 120 for April 2027
Capital expenditures
1,846 Millions of yen
Annual Dividend
Annual dividend per share¥195
Interim¥112.5
End of period¥82.5
Shown after the share split
Annual¥65
Acquisition of treasury shares
Number of shares acquired950,000 Shares
Treasury Share CancellationRetired 1 million treasury shares on 18 August 2025
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFY2025
Net Sales254,674 Millions of yen (YoY +0.6%)
Operating profit27,991 Millions of yen (YoY +27.9%)
Ordinary income29,287 Millions of yen (YoY +26.9%)
Net income23,688 Millions of yen (YoY +37.7%)
Gross Profit Margin22 %
Operating profit margin11 %
Selling, general and administrative expenses28,079 Millions of yen
Results for the three months of the current quarterSubject Q4 FY2025 / Net Sales 84,077 Millions of yen / Gross profit 21,418 Millions of yen / Gross Profit Margin 25.5 % / Selling, general and administrative expenses 8,409 Millions of yen / Operating profit 13,008 Millions of yen / Operating profit margin 15.5 % / Ordinary income 13,480 Millions of yen / Net income 10,638 Millions of yen / Orders received 51,851 Millions of yen
Full-year earnings forecastSubject Fiscal 2026 / Net Sales 260,000 Millions of yen / Gross profit 59,000 Millions of yen / Gross Profit Margin 22.7 % / Operating profit 29,500 Millions of yen / Operating profit margin 11.3 % / Ordinary income 30,000 Millions of yen / Net income 25,300 Millions of yen / Orders received 270,000 Millions of yen / Carried-forward construction work 260,794 Millions of yen / EPS ¥165.63 / Dividend per share ¥65
Self-assessment against the planRevenue was broadly in line with the plan, while each profit measure exceeded the assumptions made when the plan was formulated
Segment resultsBuilding air conditioning and plumbing Net Sales 73,798 Millions of yen / Revenue_yoy_pct 0 / Operating profit 7,522 Millions of yen / Operating profit_yoy_pct 133.2 / Industrial air conditioning Net Sales 91,137 Millions of yen / Revenue_yoy_pct -0.1 / Operating profit 13,760 Millions of yen / Operating profit_yoy_pct 10.3 / Electricity Net Sales 34,414 Millions of yen / Revenue_yoy_pct 12.6 / Operating profit 4,447 Millions of yen / Operating profit_yoy_pct 31.4 / Facility systems Net Sales 13,558 Millions of yen / Revenue_yoy_pct 1.3 / Operating profit 1,790 Millions of yen / Operating profit_yoy_pct 16.8 / Mechanical systems Net Sales 9,767 Millions of yen / Revenue_yoy_pct -10.7 / Operating profit -865 Millions of yen / Operating profit_yoy_pct Not disclosed / Environmental Systems Net Sales 30,107 Millions of yen / Revenue_yoy_pct -3.8 / Operating profit 1,104 Millions of yen / Operating profit_yoy_pct -38.4 / Real Estate Net Sales 2,655 Millions of yen / Revenue_yoy_pct 2.4 / Operating profit 941 Millions of yen / Operating profit_yoy_pct -2.6
Breakdown of Factors Affecting the ChangeOrdinary income bridge FY2024 ordinary income 23,071 Millions of yen / Higher building-services revenue and improved margins, among other factors 7,593 Millions of yen / Increase in selling, general and administrative expenses -2,477 Millions of yen / Change in non-operating income and expenses -28 Millions of yen / FY2025 ordinary income 29,287 Millions of yen
Key KPIsOrders received 294,738 Millions of yen (YoY +11.2%), Carried-forward construction work 250,794 Millions of yen (YoY +19.0%), ROE 20.8 %, EPS ¥153.51, DOE 8.8 %, Engagement score 56.9 deviation score, Orders received for renovation work 170,999 Millions of yen, Revenue from renovation work 153,963 Millions of yen
Number of employeesNumber of Employees 2,705 People / Change during the period Not disclosed / Hiring plan 107 new graduates to join in April 2026; recruitment target of 120 for April 2027
Medium-term management plan targetsTarget fiscal year FY2027 / Net Sales 3,000 Hundreds of millions of yen / Operating profit 300 Hundreds of millions of yen / ROE 16 % or higher / Number of employees 2,900 People / DOE 5 % or higher / EPS 430 Yen or more / Growth Investment 500 approximately ¥ hundred million (cumulative for FY2025–FY2027) / Acquisition of treasury shares 400 approximately 10,000 shares (cumulative for FY2025–FY2027)
Financial targetsROE Target 16.0% or higher / Actual results 18.6 % / DOE Target 5.0% or more / Actual results 8.8 % / Equity ratio Actual results 55.3 %
Annual DividendAnnual dividend per share ¥195 / Interim ¥112.5 / End of period ¥82.5 / Shown after the share split Annual ¥65
Acquisition of treasury sharesNumber of shares acquired 950,000 Shares / Acquisition price Not disclosed / Period Not disclosed / Treasury Share Cancellation Retired 1 million treasury shares on 18 August 2025
Capital expenditures1,846 Millions of yen
Orders received and order backlogOrders received 294,738 Millions of yen / Carried-forward construction work 250,794 Millions of yen
New initiativesEstablishment of the Engineering Promotion Division and promotion of front-loading, Development of the energy-saving controller ECO-STAR, Development of S-TRANDIM, Development of a robot to support flexible-duct installation, Acquisition of all shares of 邦英商興株式会社, Agreement to acquire a 40% stake in ES Matrix, ZEB conversion renovations and rebuilding of 3 Company-owned facilities, First adoption in Japan of GX steel, Joint development by 3 companies, including Shin Nippon Air Technologies Co.,Ltd., of an automated BIM drafting function
Items this document does not state (8)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Highly profitable building-services projects received in recent years progressed during the period, profitability improved during construction, costs and risks were scrutinized more closely when considering orders, an optimized company-wide construction structure was secured, and DX initiatives progressed. The increase in SG&A expenses was a factor weighing on earnings.

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Fiscal 2025 Financial Results Presentation | SANKI ENGINEERING CO.,LTD. (1961) timely disclosure | Komori