Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | SANEI LTD. (6230) timely disclosure

Worth reading

69In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

-1300

¥ million (change in forecast sales)

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending March 202712 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales14,441 Millions of yen+2.9%

Operating profit333 Millions of yen-50.1%

Ordinary income283 Millions of yen-59.2%

Net income175 Millions of yen-60.3%

Full-year earnings forecast

Net Sales

29,500 Millions of yen

Operating profit

1,100 Millions of yen

Ordinary income

1,000 Millions of yen

Profit attributable to owners of the parent

650 Millions of yen

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 Sales48.9%

Operating profit30.2%

Ordinary income28.3%

Profit attributable to owners of the parent26.9%

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Expected to fall below the consolidated earnings forecast

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Price revisions556 Millions of yen
Higher procurement costs-1,035 Millions of yen
Inventory valuation, etc.-77 Millions of yen
Other (sales and cost of sales items)49 Millions of yen
Increase in personnel expenses-91 Millions of yen
Expo sponsorship expenses (previous-period expense)100 Millions of yen
Other (SG&A items)-80 Millions of yen

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Copper benchmark price
FigureShown in graph
New housing starts
FigureShown in graph
Penetration of price revisions in the second half
DetailsForecast

New initiatives

Announced a new series, “ellipse,” under the VERSE brand
Participation in OSAKA DESIGN WEEK 2026
Unveiling of new models of mixer faucets and showerheads, as well as the “mitos Re:me” concept model
Renewal of manufacturing equipment and core systems
Development of the non-residential market and expansion of sales of high-value-added products

Key KPIsA metric the company considers important as a management benchmark.

PBR0.6 times
PER14 times
ROE4.3 %
Target of revenue growth for 8 consecutive periods8 Period
New housing starts144 10,000 homes first-half actual

Financial targets

PBR

Actual results0.6 times

Reference date26 October 2026

ROE

Actual results4.3 %

Reference date26 October 2026

Market Size / Share

New housing startsShown in graph

Number of employees

Consolidated827 people

Standalone630 people

Reference dateEnd of March 2026

Capital expenditures

¥540 million tangible fixed assets: ¥267 million; intangible fixed assets: ¥273 million

Annual Dividend

Annual

¥75 /share

Interim

¥37 /share

End of period

¥38 /share

Payout ratio

52.8% (forecast)

Three months of the current quarter

Net Sales

7,392 Millions of yen

Operating profit

137 Millions of yen

Ordinary income

127 Millions of yen

Interim net income attributable to owners of the parent

78 Millions of yen

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Second quarter of the fiscal year ending March 2027
Net Sales	14,441 Millions of yen (YoY +2.9%)
Operating profit	333 Millions of yen (YoY -50.1%)
Ordinary income	283 Millions of yen (YoY -59.2%)
Net income	175 Millions of yen (YoY -60.3%)
Three months of the current quarter	Net Sales 7,392 Millions of yen / Operating profit 137 Millions of yen / Ordinary income 127 Millions of yen / Interim net income attributable to owners of the parent 78 Millions of yen
Full-year earnings forecast	Net Sales 29,500 Millions of yen / Operating profit 1,100 Millions of yen / Ordinary income 1,000 Millions of yen / Profit attributable to owners of the parent 650 Millions of yen
Progress against full-year forecast	Net Sales 48.9% / Operating profit 30.2% / Ordinary income 28.3% / Profit attributable to owners of the parent 26.9%
Self-assessment against the plan	Expected to fall below the consolidated earnings forecast
Breakdown of Factors Affecting the Change	Factors Price revisions / Amount 556 Millions of yen, Factors Higher procurement costs / Amount -1,035 Millions of yen, Factors Inventory valuation, etc. / Amount -77 Millions of yen, Factors Other (sales and cost of sales items) / Amount 49 Millions of yen, Factors Increase in personnel expenses / Amount -91 Millions of yen, Factors Expo sponsorship expenses (previous-period expense) / Amount 100 Millions of yen, Factors Other (SG&A items) / Amount -80 Millions of yen
Key KPIs	Indicator name PBR / Value 0.6 times / Year on year against the same period last year Not disclosed, Indicator name PER / Value 14 times / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 4.3 % / Year on year against the same period last year Not disclosed, Indicator name Target of revenue growth for 8 consecutive periods / Value 8 Period / Year on year against the same period last year Not disclosed, Indicator name New housing starts / Value 144 10,000 homes (first-half actual) / Year on year against the same period last year Not disclosed
Number of employees	Consolidated 827 people / Standalone 630 people / Reference date End of March 2026
Assumptions Underlying the Business Outlook	Item Copper benchmark price / Figure Shown in graph, Item New housing starts / Figure Shown in graph, Item Penetration of price revisions in the second half / Details Forecast
Financial targets	PBR Actual results 0.6 times / Reference date 26 October 2026 / ROE Actual results 4.3 % / Reference date 26 October 2026
Annual Dividend	Annual ¥75 /share / Interim ¥37 /share / End of period ¥38 /share
Payout ratio	52.8% (forecast)
Capital expenditures	¥540 million (tangible fixed assets: ¥267 million; intangible fixed assets: ¥273 million)
Market Size / Share	New housing starts Shown in graph / Market share Not disclosed
New initiatives	Announced a new series, “ellipse,” under the VERSE brand, Participation in OSAKA DESIGN WEEK 2026, Unveiling of new models of mixer faucets and showerheads, as well as the “mitos Re:me” concept model, Renewal of manufacturing equipment and core systems, Development of the non-residential market and expansion of sales of high-value-added products

Items this document does not state (11)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders 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.

Sales are expected to fall below the previous forecast because demand remains weak amid the downturn in the housing market. In addition, raw material prices, including copper, have continued to rise, and the impact of price revisions had not been sufficient as of the second quarter. The company expects the revised selling prices to gain broader acceptance going forward.

How to read this page

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