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Financial results presentation3176Sanyo Trading Co.,Ltd.Trading & Wholesale

Presentation Materials for the Second Quarter Financial Results Briefing for the Fiscal Year Ending September 2026

Full-year forecasts for the fiscal year ending September 2026 were raised following revenue and profit growth in the first half. Revenue, operating profit, ordinary profit and net profit were each increased by ¥3,000 million, ¥300 million, ¥100 million and ¥700 million, respectively, from the initial full-year plan.

Worth reading
67In focus
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Direction
Improvement
Direction inferred from the company’s description.
Scale
3000
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending September 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥70,258 million+3.1%
Operating profit¥4,466 million+8.8%
Ordinary income¥4,506 million+2.2%
Net income¥3,657 million+5.9%
Gross Profit Margin17.9%
Operating profit margin6.4%
Selling, general and administrative expenses¥8,077 million
Full-year earnings forecast
Net Sales
¥133,000 million
Operating profit
¥6,500 million
Ordinary income
¥6,600 million
Net income
¥4,800 million
EPS
¥83.28
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales54.0% (based on the initial full-year plan)
Operating profit72.0% (based on the initial full-year plan)
Ordinary income69.3% (based on the initial full-year plan)
Net income89.2% (based on the initial full-year plan)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
On track
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Impact of higher revenue¥728 million
  • Higher personnel expenses¥-121 million
  • Increase in depreciation and amortization, including goodwill amortization¥-10 million
  • Higher other SG&A expenses¥-235 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company referred to its response to cost increases and supply constraints caused by instability in the Middle East, the conversion of ongoing projects into results, US trade and tariff policies, and the market share of Japanese automobiles overseas. Numerical assumptions were not disclosed.
New initiatives
  • Expansion of the offshore wind power and marine surveying business value chain through the acquisition of shares in 北九潜水
  • Strengthening of the feed additive-related business through the acquisition of shares in 九州ミタカ
  • 1-for-2 stock split effective 1 July 2026
  • Promotion of bolt-on M&A in growth fields
  • Participation in the Minamitorishima rare earths project
Key KPIsA metric the company considers important as a management benchmark.
  • Year-on-year change in overseas revenue9 %
  • Gain on sale of cross-held shares12.4 Hundreds of millions of yen
  • LTV ratio3.4 %
  • Equity ratio63.1 %
  • Annual fluororubber production capacity10,000 tonnes
  • Target domestic market share for fluororubber20 %
Segment results
Fine chemicals
Net Sales
¥22,060 million+1.5%
Operating profit
¥1,494 million+7.8%
Industrial Products
Net Sales
¥20,131 million+3.7%
Operating profit
¥1,806 million-1.1%
Sustainability
Net Sales
¥6,273 million-1.2%
Operating profit
¥794 million-9.1%
Life Science
Net Sales
¥21,008 million+4.9%
Operating profit
¥1,186 million+17.7%
Medium-term management plan targets
Plan nameSV2028
Target¥20 billion–¥30 billion in growth and business investments, a payout ratio of at least 30% and progressive dividends, and a growth strategy through the fiscal year ending September 2028
Financial targets
Actual results
LTV ratio3.4%
Equity ratio63.1%
TargetOptimization of capital-efficiency metrics, including ROE and ROIC
Market Size / Share
  • Domestic fluororubber market5,000 tonnes/year
    Share target20
    Share unit%
  • Regional revenue composition
    Japan65.5
    North America17.1
    China8
    ASEAN4
    Other5.3
Annual Dividend
¥60
Interim30
End of period30
Payout ratio
At least 30% (dividend policy during the SV2028 period)
Acquisition of treasury shares
The company will also consider share buybacks flexibly
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending September 2026
Net Sales¥70,258 million (YoY +3.1%)
Operating profit¥4,466 million (YoY +8.8%)
Ordinary income¥4,506 million (YoY +2.2%)
Net income¥3,657 million (YoY +5.9%)
Gross Profit Margin17.9%
Operating profit margin6.4%
Selling, general and administrative expenses¥8,077 million
Full-year earnings forecastNet Sales ¥133,000 million / Operating profit ¥6,500 million / Ordinary income ¥6,600 million / Net income ¥4,800 million / EPS ¥83.28
Progress against full-year forecastNet Sales 54.0% (based on the initial full-year plan) / Operating profit 72.0% (based on the initial full-year plan) / Ordinary income 69.3% (based on the initial full-year plan) / Net income 89.2% (based on the initial full-year plan)
Self-assessment against the planOn track
Segment resultsFine chemicals Net Sales ¥22,060 million (YoY +1.5%) / Operating profit ¥1,494 million (YoY +7.8%) / Industrial Products Net Sales ¥20,131 million (YoY +3.7%) / Operating profit ¥1,806 million (YoY -1.1%) / Sustainability Net Sales ¥6,273 million (YoY -1.2%) / Operating profit ¥794 million (YoY -9.1%) / Life Science Net Sales ¥21,008 million (YoY +4.9%) / Operating profit ¥1,186 million (YoY +17.7%)
Breakdown of Factors Affecting the ChangeFactors Impact of higher revenue / Amount ¥728 million, Factors Higher personnel expenses / Amount ¥-121 million, Factors Increase in depreciation and amortization, including goodwill amortization / Amount ¥-10 million, Factors Higher other SG&A expenses / Amount ¥-235 million
Key KPIsIndicator name Year-on-year change in overseas revenue / Value 9 %, Indicator name Gain on sale of cross-held shares / Value 12.4 Hundreds of millions of yen, Indicator name LTV ratio / Value 3.4 %, Indicator name Equity ratio / Value 63.1 %, Indicator name Annual fluororubber production capacity / Value 10,000 tonnes, Indicator name Target domestic market share for fluororubber / Value 20 %
Assumptions Underlying the Business OutlookThe company referred to its response to cost increases and supply constraints caused by instability in the Middle East, the conversion of ongoing projects into results, US trade and tariff policies, and the market share of Japanese automobiles overseas. Numerical assumptions were not disclosed.
Medium-term management plan targetsPlan name SV2028 / Target ¥20 billion–¥30 billion in growth and business investments, a payout ratio of at least 30% and progressive dividends, and a growth strategy through the fiscal year ending September 2028
Financial targetsActual results LTV ratio 3.4% / Equity ratio 63.1% / Target Optimization of capital-efficiency metrics, including ROE and ROIC
Annual Dividend¥60
Payout ratioAt least 30% (dividend policy during the SV2028 period)
Acquisition of treasury sharesThe company will also consider share buybacks flexibly
Market Size / ShareSubject Domestic fluororubber market / Market Size 5,000 tonnes/year / Share target 20 tonnes/year / Share unit %, Subject Regional revenue composition / Japan 65.5 % / North America 17.1 % / China 8 % / ASEAN 4 % / Other 5.3 %
New initiativesExpansion of the offshore wind power and marine surveying business value chain through the acquisition of shares in 北九潜水, Strengthening of the feed additive-related business through the acquisition of shares in 九州ミタカ, 1-for-2 stock split effective 1 July 2026, Promotion of bolt-on M&A in growth fields, Participation in the Minamitorishima rare earths project
Items this document does not state (8)
Results for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey 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.

The company expects growth and improved profitability in its existing businesses and the conversion of ongoing projects into results, based on first-half performance. It also explained that the ¥1.24 billion gain on the sale of cross-held shares was a factor behind the increase in net profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials for the Second Quarter Financial Results Briefing for the Fiscal Year Ending September 2026 | Sanyo Trading Co.,Ltd. (3176) timely disclosure | Komori