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Presentation materials for financial results8130Sangetsu CorporationTrading & Wholesale

Supplementary Financial Results Information for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, domestic operations remained solid and overseas operations grew, driving revenue and all profit measures above the previous year. Revenue and net income reached record highs. Revenue fell short of the plan, but operating income, ordinary income and net income exceeded the plan.

Worth reading
60In 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
60.6
¥100 million (year-on-year increase in consolidated revenue)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,064.4 Hundreds of millions of yen+3.0%
Operating profit194 Hundreds of millions of yen+7.0%
Ordinary income201.5 Hundreds of millions of yen+8.5%
Net income146.4 Hundreds of millions of yen+16.7%
Gross Profit Margin31.4 % / percentage points
Operating profit margin9.4 % / percentage points
Selling, general and administrative expenses453.2 Hundreds of millions of yen
Results for the three months of the current quarter
Net Sales
550.3 Hundreds of millions of yen
Gross profit
173.1 Hundreds of millions of yen
Operating profit
58 Hundreds of millions of yen
Ordinary income
60.9 Hundreds of millions of yen
Net income
44.5 Hundreds of millions of yen
Full-year earnings forecast
Fiscal year ending March 2026
Net Sales
2,100 Hundreds of millions of yen
Gross profit
658 Hundreds of millions of yen
Operating profit
190 Hundreds of millions of yen
Ordinary income
195 Hundreds of millions of yen
Net income
130 Hundreds of millions of yen
Fiscal year ending March 2027
Net Sales
2,130 Hundreds of millions of yen
Gross profit
663 Hundreds of millions of yen
Operating profit
190 Hundreds of millions of yen
Ordinary income
192 Hundreds of millions of yen
Net income
135 Hundreds of 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。
Fiscal year ending March 2026
Net Sales98.3%
Gross profit98.4%
Selling, general and administrative expenses96.8%
Operating profit102.1%
Ordinary income103.3%
Net income112.6%
By segment
Domestic interiors revenue98.9%
Domestic interiors operating profit102.6%
Domestic exteriors revenue100.8%
Domestic exteriors operating profit236.3%
Overseas revenue95.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of plan, while the profit plan was achieved. Domestic exteriors met plan, while overseas operations fell short of plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in consolidated operating profit
Number of versions-13.9
Gross profit per unit33.4
Distribution costs and other expenses-17.2
Other (inventory valuation losses, fire-related impact, etc.)2.2
Personnel Expenses1.2
Systems expenses0.6
Operating expenses and other items-0
Promotion expenses6.1
Domestic interior SG&A and other expenses-3.1
Domestic exterior gross profit0.7
Domestic exterior SG&A expenses0.2
Overseas gross profit12.1
Overseas selling, general and administrative expenses-4.3
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Construction MarketNew residential and non-residential construction is expected to remain weak, while renovation and refurbishment are expected to remain solid
Supply constraintsSupply constraints caused by the previous year's fire at a supplier's plant have been almost resolved
CostsThe forecast incorporates higher SG&A expenses, including raw material procurement costs, logistics expenses and labor costs
InvestmentThe forecast incorporates investments to support the growth strategy
New initiatives
  • Formulated the new four-year Medium-Term Management Plan 2029, ending in fiscal 2029
  • Accelerate the growth strategy in North America
  • Revamp the management structure in Southeast Asia, China and Hong Kong
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume was reported to have declined, but the figures for volume and unit prices were not disclosed
Segment results
Domestic interiors
Net Sales
1,641 Hundreds of millions of yen+0.1%
Operating profit
193.3 Hundreds of millions of yen+2.1%
Domestic exteriors
Net Sales
73.1 Hundreds of millions of yen+10.6%
Operating profit
1.1 Hundreds of millions of yen+586.7%
Overseas expansion
Net Sales
350.2 Hundreds of millions of yen+17.6%
Operating profit
-0.4 Hundreds of millions of yen
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2030
Consolidated revenue
2,500 Hundreds of millions of yen
Consolidated operating profit
250 Hundreds of millions of yen
Consolidated net income
170 Hundreds of millions of yen
ROE
14 %
ROIC
11 %
Financial targets
ROE14.0% (target for the fiscal year ending March 2030)
ROIC11.0% (target for the fiscal year ending March 2030)
Annual Dividend
Fiscal year ending March 2026¥155.0 (interim ¥77.5, year-end ¥77.5)
Fiscal year ending March 2027Forecast ¥155.0 (interim ¥77.5, year-end ¥77.5)
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales2,064.4 Hundreds of millions of yen (YoY +3.0%)
Operating profit194 Hundreds of millions of yen (YoY +7.0%)
Ordinary income201.5 Hundreds of millions of yen (YoY +8.5%)
Net income146.4 Hundreds of millions of yen (YoY +16.7%)
Gross Profit Margin31.4 % / percentage points
Operating profit margin9.4 % / percentage points
Selling, general and administrative expenses453.2 Hundreds of millions of yen
Results for the three months of the current quarterNet Sales 550.3 Hundreds of millions of yen / Gross profit 173.1 Hundreds of millions of yen / Operating profit 58 Hundreds of millions of yen / Ordinary income 60.9 Hundreds of millions of yen / Net income 44.5 Hundreds of millions of yen
Full-year earnings forecastFiscal year ending March 2026 Net Sales 2,100 Hundreds of millions of yen / Gross profit 658 Hundreds of millions of yen / Operating profit 190 Hundreds of millions of yen / Ordinary income 195 Hundreds of millions of yen / Net income 130 Hundreds of millions of yen / Fiscal year ending March 2027 Net Sales 2,130 Hundreds of millions of yen / Gross profit 663 Hundreds of millions of yen / Operating profit 190 Hundreds of millions of yen / Ordinary income 192 Hundreds of millions of yen / Net income 135 Hundreds of millions of yen
Progress against full-year forecastFiscal year ending March 2026 Net Sales 98.3% / Gross profit 98.4% / Selling, general and administrative expenses 96.8% / Operating profit 102.1% / Ordinary income 103.3% / Net income 112.6% / By segment Domestic interiors revenue 98.9% / Domestic interiors operating profit 102.6% / Domestic exteriors revenue 100.8% / Domestic exteriors operating profit 236.3% / Overseas revenue 95.3%
Self-assessment against the planRevenue fell short of plan, while the profit plan was achieved. Domestic exteriors met plan, while overseas operations fell short of plan.
Segment resultsDomestic interiors Net Sales 1,641 Hundreds of millions of yen (YoY +0.1%) / Operating profit 193.3 Hundreds of millions of yen (YoY +2.1%) / Domestic exteriors Net Sales 73.1 Hundreds of millions of yen (YoY +10.6%) / Operating profit 1.1 Hundreds of millions of yen (YoY +586.7%) / Overseas expansion Net Sales 350.2 Hundreds of millions of yen (YoY +17.6%) / Operating profit -0.4 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeYear-on-year change in consolidated operating profit Number of versions -13.9 / Gross profit per unit 33.4 / Distribution costs and other expenses -17.2 / Other (inventory valuation losses, fire-related impact, etc.) 2.2 / Personnel Expenses 1.2 / Systems expenses 0.6 / Operating expenses and other items -0 / Promotion expenses 6.1 / Domestic interior SG&A and other expenses -3.1 / Domestic exterior gross profit 0.7 / Domestic exterior SG&A expenses 0.2 / Overseas gross profit 12.1 / Overseas selling, general and administrative expenses -4.3
Unit price and quantity metricsSales volume was reported to have declined, but the figures for volume and unit prices were not disclosed
Assumptions Underlying the Business OutlookConstruction Market New residential and non-residential construction is expected to remain weak, while renovation and refurbishment are expected to remain solid / Supply constraints Supply constraints caused by the previous year's fire at a supplier's plant have been almost resolved / Costs The forecast incorporates higher SG&A expenses, including raw material procurement costs, logistics expenses and labor costs / Investment The forecast incorporates investments to support the growth strategy
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2030 / Consolidated revenue 2,500 Hundreds of millions of yen / Consolidated operating profit 250 Hundreds of millions of yen / Consolidated net income 170 Hundreds of millions of yen / ROE 14 % / ROIC 11 %
Financial targetsROE 14.0% (target for the fiscal year ending March 2030) / ROIC 11.0% (target for the fiscal year ending March 2030)
Annual DividendFiscal year ending March 2026 ¥155.0 (interim ¥77.5, year-end ¥77.5) / Fiscal year ending March 2027 Forecast ¥155.0 (interim ¥77.5, year-end ¥77.5)
New initiativesFormulated the new four-year Medium-Term Management Plan 2029, ending in fiscal 2029, Accelerate the growth strategy in North America, Revamp the management structure in Southeast Asia, China and Hong Kong
Items this document does not state (10)
Key KPIsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.

Revenue increased because all domestic segments remained solid and the overseas segment grew. Operating income increased due to growth in the domestic interior segment and a significant improvement in earnings in the overseas segment. In addition, net income benefited from approximately ¥800 million in extraordinary income, including subsidy income. Compared with the plan, revenue fell short because demand in Japan was weaker than expected, while the profit plan was achieved through stable earnings in the domestic interior business and strong performance in North America.

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Supplementary Financial Results Information for the Fiscal Year Ending March 2026 | Sangetsu Corporation (8130) timely disclosure | Komori