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Presentation materials for financial results5929Sanwa Holdings CorporationConstruction and Materials

Financial Results Briefing Materials for the Fiscal Year Ending March 2026

In FY2025, revenue and net income exceeded the initial forecasts, while operating income and ordinary income fell short. In FY2026, the company aims to achieve higher revenue and income, targeting revenue of ¥677.0 billion and operating income of ¥81.0 billion through price pass-through and cost reductions. It also announced a change in its dividend policy and a ¥10.0 billion share buyback.

Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
19
¥100 million (year-on-year change in FY2026 operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,607 Hundreds of millions of yen-0.3%
Operating profit791 Hundreds of millions of yen-1.8%
Ordinary income806.5 Hundreds of millions of yen-4.0%
Net income597.8 Hundreds of millions of yen+3.9%
Operating profit margin12 %
Full-year earnings forecast
Net Sales
6,770 Hundreds of millions of yen
Operating profit
810 Hundreds of millions of yen
Ordinary income
825 Hundreds of millions of yen
Profit attributable to owners of the parent
600 Hundreds of millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and net income exceeded the forecasts, while operating income and ordinary income fell short.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Year-on-year difference
-17 Hundreds of millions of yen
Factors
Value
  • -93
  • 82
  • -6
Operating profit
Year-on-year difference
-14.2 Hundreds of millions of yen
Factors
Value
  • -38.8
  • 82.3
  • -20.3
  • -32
  • -5.4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US$1¥150.00
€1JPY 180.00
Market EnvironmentMarkets are generally soft in all regions
Number of versionsHigher volumes in Taiwan and Vietnam; volume recovery is expected in the Americas door business from the second half of FY2026 onward
New initiatives
  • Change in the dividend policy to target a DOE of 10% based on shareholders’ equity
  • ¥10.0 billion share buyback
  • Acquisition of all shares of 2 US automatic-door service and installation companies
  • Installation of a new coating line at the automatic-door plant in Mexico
  • Expansion of the Italian door plant and installation of an automated hinged-door production line
  • Market launch of YAG door green flag products using low-CO2 steel
Key KPIsA metric the company considers important as a management benchmark.
  • Disaster-prevention product sales830 Hundreds of millions of yen
    Year on year against the same period last year+2.3%
  • Sales of products addressing climate change adaptation279 Hundreds of millions of yen
    Year on year against the same period last year+6.9%
  • Sales of products addressing climate change mitigation1,079 Hundreds of millions of yen
    Year on year against the same period last year+1.6%
  • Smart product and service sales162 Hundreds of millions of yen
    Year on year against the same period last year+24.6%
  • Japan engagement score63 items
  • Number of companies holding SR meetings18 companies
Segment results
Japan
Net Sales
2,913 Hundreds of millions of yen+1.3%
Operating profit
390.7 Hundreds of millions of yen+10.2%
Americas (ODC)
Net Sales
2,419 Hundreds of millions of yen-1.5%
Operating profit
377.5 Hundreds of millions of yen-9.0%
Europe (NF)
Net Sales
1,150 Hundreds of millions of yen+0.6%
Operating profit
21.8 Hundreds of millions of yen-36.0%
Asia
Net Sales
130 Hundreds of millions of yen-15.3%
Operating profit
1 Hundreds of millions of yen-72.8%
Medium-term management plan targets
Capital Expenditure
400 Hundreds of millions of yen
Target fiscal yearCumulative through FY2027
IT Investment
100 Hundreds of millions of yen
Target fiscal yearCumulative through FY2027
Total disaster-prevention and environmental products
2,300 Hundreds of millions of yen
Target fiscal yearFY2027
ROIC
17.3 %
Target fiscal yearFY2027
Financial targets
ROIC
Target value17%–19% range
Actual value17.3%
ROE
Target value17%–19% range
Actual value17.8%
WACC
Target value7.0%
Cost of shareholders’ equity
Target value8.0%
Equity ratio
Actual value63.6%
Debt-to-equity ratio
Actual value0.13x
Orders received and order backlog
Japan FY2025 orders received
3,050 Hundreds of millions of yen
Japan FY2026 forecast orders received
3,222 Hundreds of millions of yen
Japan order backlog at the end of FY2025
1,446.55 Hundreds of millions of yen
Capital expenditures
¥142 100 million FY2025 actual
Annual Dividend
FY2025
Annual¥130 per share
Interim¥62 per share
End of period¥68 per share
FY2026 forecast
Annual¥146 per share
Interim¥73 per share
End of period¥73 per share
Annual regular dividend¥132 per share
Annual commemorative dividend¥14 per share
Payout ratio
not disclosed (DOE based on shareholders’ equity targeted at 10%)
Acquisition of treasury shares
100 Hundreds of millions of yen
Maximum number of shares365
Share unit10,000 shares
PeriodThrough 30 September 2026
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales6,607 Hundreds of millions of yen (YoY -0.3%)
Operating profit791 Hundreds of millions of yen (YoY -1.8%)
Ordinary income806.5 Hundreds of millions of yen (YoY -4.0%)
Net income597.8 Hundreds of millions of yen (YoY +3.9%)
Operating profit margin12 %
Full-year earnings forecastNet Sales 6,770 Hundreds of millions of yen / Operating profit 810 Hundreds of millions of yen / Ordinary income 825 Hundreds of millions of yen / Profit attributable to owners of the parent 600 Hundreds of millions of yen
Self-assessment against the planRevenue and net income exceeded the forecasts, while operating income and ordinary income fell short.
Segment resultsJapan Net Sales 2,913 Hundreds of millions of yen (YoY +1.3%) / Operating profit 390.7 Hundreds of millions of yen (YoY +10.2%) / Americas (ODC) Net Sales 2,419 Hundreds of millions of yen (YoY -1.5%) / Operating profit 377.5 Hundreds of millions of yen (YoY -9.0%) / Europe (NF) Net Sales 1,150 Hundreds of millions of yen (YoY +0.6%) / Operating profit 21.8 Hundreds of millions of yen (YoY -36.0%) / Asia Net Sales 130 Hundreds of millions of yen (YoY -15.3%) / Operating profit 1 Hundreds of millions of yen (YoY -72.8%)
Breakdown of Factors Affecting the ChangeNet Sales Year-on-year difference -17 Hundreds of millions of yen / Factors value -93, 82, -6 / Operating profit Year-on-year difference -14.2 Hundreds of millions of yen / Factors value -38.8, 82.3, -20.3, -32, -5.4
Key KPIsIndicator name Disaster-prevention product sales / Value 830 Hundreds of millions of yen / Year on year against the same period last year 2.3 Hundreds of millions of yen, Indicator name Sales of products addressing climate change adaptation / Value 279 Hundreds of millions of yen / Year on year against the same period last year 6.9 Hundreds of millions of yen, Indicator name Sales of products addressing climate change mitigation / Value 1,079 Hundreds of millions of yen / Year on year against the same period last year 1.6 Hundreds of millions of yen, Indicator name Smart product and service sales / Value 162 Hundreds of millions of yen / Year on year against the same period last year 24.6 Hundreds of millions of yen, Indicator name Japan engagement score / Value 63 items / Year on year against the same period last year Not disclosed, Indicator name Number of companies holding SR meetings / Value 18 companies / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookExchange rate US$1 ¥150.00 / €1 JPY 180.00 / Market Environment Markets are generally soft in all regions / Number of versions Higher volumes in Taiwan and Vietnam; volume recovery is expected in the Americas door business from the second half of FY2026 onward
Medium-term management plan targetsCapital Expenditure 400 Hundreds of millions of yen / IT Investment 100 Hundreds of millions of yen / Total disaster-prevention and environmental products 2,300 Hundreds of millions of yen / ROIC 17.3 %
Financial targetsROIC Target value 17%–19% range / Actual value 17.3% / ROE Target value 17%–19% range / Actual value 17.8% / WACC Target value 7.0% / Actual value Not disclosed / Cost of shareholders’ equity Target value 8.0% / Actual value Not disclosed / Equity ratio Target value Not disclosed / Actual value 63.6% / Debt-to-equity ratio Target value Not disclosed / Actual value 0.13x
Annual DividendFY2025 Annual ¥130 per share / Interim ¥62 per share / End of period ¥68 per share / FY2026 forecast Annual ¥146 per share / Interim ¥73 per share / End of period ¥73 per share / Annual regular dividend ¥132 per share / Annual commemorative dividend ¥14 per share
Payout rationot disclosed (DOE based on shareholders’ equity targeted at 10%)
Acquisition of treasury sharesAmount 100 Hundreds of millions of yen / Maximum number of shares 365 Hundreds of millions of yen / Share unit 10,000 shares / Period Through 30 September 2026
Capital expenditures¥142 100 million (FY2025 actual)
Orders received and order backlogJapan FY2025 orders received 3,050 Hundreds of millions of yen / Japan FY2026 forecast orders received 3,222 Hundreds of millions of yen / Japan order backlog at the end of FY2025 1,446.55 Hundreds of millions of yen
New initiativesChange in the dividend policy to target a DOE of 10% based on shareholders’ equity, ¥10.0 billion share buyback, Acquisition of all shares of 2 US automatic-door service and installation companies, Installation of a new coating line at the automatic-door plant in Mexico, Expansion of the Italian door plant and installation of an automated hinged-door production line, Market launch of YAG door green flag products using low-CO2 steel
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMarket 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.

In FY2025, although price pass-through progressed, lower volumes and higher costs for raw materials and other items weighed on operating income. In FY2026, the company expects to address price pass-through in each region, absorb higher raw-material and other costs, and benefit from price pass-through, cost reductions and a recovery in volumes.

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Financial Results Briefing Materials for the Fiscal Year Ending March 2026 | Sanwa Holdings Corporation (5929) timely disclosure | Komori