Earnings Presentation Materials for the Fiscal Year Ending March 2026 | Sangetsu Corporation (8130) timely disclosure

Worth reading

85Important

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

12.6

¥100 million (year-on-year increase in operating profit for the fiscal year ended March 2026)

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year11 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%

Selling, general and administrative expenses453.2 Hundreds of millions of yen

Gross Profit Margin

Rate31.4

Year-on-year change (points)Up 0.3 percentage points from 31.1% in the previous fiscal year

Operating profit margin

Rate9.4

Year-on-year change (points)Up 0.3 percentage points from 9.1% in the previous fiscal year

Results for the three months of the current quarter

Net Sales¥55.03 billion

Gross profit¥17.31 billion

Operating profit¥5.80 billion

Ordinary income¥6.09 billion

Net income¥4.45 billion

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales¥213.00 billion

Gross profit¥66.30 billion

Operating profit¥19.00 billion

Ordinary income¥19.20 billion

Net income¥13.50 billion

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 Sales98.3%

Gross profit98.4%

Selling, general and administrative expenses96.8%

Operating profit102.1%

Ordinary income103.3%

Net income112.6%

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 operating profit for FY2026Volume: ¥(1.39) billion; gross profit per unit: +¥3.34 billion; logistics expenses, etc.: ¥(1.72) billion; other items, including inventory valuation losses and the impact of the fire: +¥220 million; personnel expenses: +¥120 million; system expenses: ¥(530) million; promotional expenses: +¥60 million; other operating expenses: ¥(0) million; domestic interior SG&A: ¥(310) million; other domestic interior SG&A: +¥610 million; domestic exterior gross profit: +¥70 million; domestic exterior SG&A: +¥20 million; overseas gross profit: +¥1.21 billion; overseas SG&A: ¥(430) million

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

The global economy is expected to grow moderately
New housing and non-residential construction markets are expected to remain weak, while renovation and refurbishment are expected to remain firm
The plan incorporates higher raw material procurement costs, logistics expenses and personnel costs
The plan incorporates investment for the growth strategy

New initiatives

Accelerate the growth strategy in North America
Revamp the management structure in Southeast Asia, China and Hong Kong
Enhance solution-proposal capabilities by strengthening cross-functional collaboration
Investment for the growth strategy

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

Strategic product sales445.2 Hundreds of millions of yen
Year on year against the same period last year+6.8%
CCC79.4 days
Year on year against the same period last yearWorsened from 72.0 days
Receivables turnover period99.4 days
Year on year against the same period last yearImproved from 102.3 days
Inventory turnover period50.6 days
Year on year against the same period last yearImproved from 53.5 days
Payables turnover period70.6 days
Year on year against the same period last yearShortened from 83.8 days

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Wallcovering shipmentsDown 4.6% year on year

Flooring shipments

Textile flooringDown 1.7% year on year

Vinyl flooringDown 12.8% year on year

Segment results

Domestic interiors

Net Sales¥164.10 billion (up 0.1% year on year)

Operating profit¥19.33 billion (up 2.1% year on year)

Domestic exteriors

Net Sales¥7.31 billion (up 10.6% year on year)

Operating profit¥110 million (up 586.7% year on year)

Overseas expansion

Net Sales¥35.02 billion (up 17.6% year on year)

Operating profit¥(40) million (compared with a ¥820 million loss in the previous fiscal year)

Medium-term management plan targets

BX 2025CCC target: 70 days. Actual result for the fiscal year ended March 2026: 79.4 days

Market Size / Share

New housing starts: down 12.9% year on year for April–March; private non-residential construction floor area: down 1.8%; residential renovation order value: up 21.9%; non-residential renovation order value: up 25.5%. Market share: Not disclosed.

Capital expenditures

¥34.1 100 million expenditures for the acquisition of property, plant and equipment

Annual Dividend

Fiscal year ending March 2026¥155.0 (interim ¥77.5, year-end ¥77.5)

Forecast for the fiscal year ending March 2027¥155.0 (interim ¥77.5, year-end ¥77.5)

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Fiscal year ending March 2026, full year
Net Sales	2,064.4 Hundreds of millions of yen (YoY +3.0%)
Operating profit	194 Hundreds of millions of yen (YoY +7.0%)
Ordinary income	201.5 Hundreds of millions of yen (YoY +8.5%)
Net income	146.4 Hundreds of millions of yen (YoY +16.7%)
Gross Profit Margin	Rate 31.4 / Year-on-year change (points) Up 0.3 percentage points from 31.1% in the previous fiscal year
Operating profit margin	Rate 9.4 / Year-on-year change (points) Up 0.3 percentage points from 9.1% in the previous fiscal year
Selling, general and administrative expenses	453.2 Hundreds of millions of yen
Results for the three months of the current quarter	Net Sales ¥55.03 billion / Gross profit ¥17.31 billion / Operating profit ¥5.80 billion / Ordinary income ¥6.09 billion / Net income ¥4.45 billion
Full-year earnings forecast	Fiscal year ending March 2027 Net Sales ¥213.00 billion / Gross profit ¥66.30 billion / Operating profit ¥19.00 billion / Ordinary income ¥19.20 billion / Net income ¥13.50 billion
Progress against full-year forecast	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% / 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 plan	Revenue fell short of plan, while the profit plan was achieved. Domestic exteriors met plan, while overseas operations fell short of plan.
Segment results	Domestic interiors Net Sales ¥164.10 billion (up 0.1% year on year) / Operating profit ¥19.33 billion (up 2.1% year on year) / Domestic exteriors Net Sales ¥7.31 billion (up 10.6% year on year) / Operating profit ¥110 million (up 586.7% year on year) / Overseas expansion Net Sales ¥35.02 billion (up 17.6% year on year) / Operating profit ¥(40) million (compared with a ¥820 million loss in the previous fiscal year)
Breakdown of Factors Affecting the Change	Year-on-year change in operating profit for FY2026 Volume: ¥(1.39) billion; gross profit per unit: +¥3.34 billion; logistics expenses, etc.: ¥(1.72) billion; other items, including inventory valuation losses and the impact of the fire: +¥220 million; personnel expenses: +¥120 million; system expenses: ¥(530) million; promotional expenses: +¥60 million; other operating expenses: ¥(0) million; domestic interior SG&A: ¥(310) million; other domestic interior SG&A: +¥610 million; domestic exterior gross profit: +¥70 million; domestic exterior SG&A: +¥20 million; overseas gross profit: +¥1.21 billion; overseas SG&A: ¥(430) million
Key KPIs	Indicator name Strategic product sales / Value 445.2 Hundreds of millions of yen / Year on year against the same period last year +6.8%, Indicator name CCC / Value 79.4 days / Year on year against the same period last year Worsened from 72.0 days, Indicator name Receivables turnover period / Value 99.4 days / Year on year against the same period last year Improved from 102.3 days, Indicator name Inventory turnover period / Value 50.6 days / Year on year against the same period last year Improved from 53.5 days, Indicator name Payables turnover period / Value 70.6 days / Year on year against the same period last year Shortened from 83.8 days
Unit price and quantity metrics	Wallcovering shipments Down 4.6% year on year / Flooring shipments Textile flooring Down 1.7% year on year / Vinyl flooring Down 12.8% year on year
Assumptions Underlying the Business Outlook	The global economy is expected to grow moderately, New housing and non-residential construction markets are expected to remain weak, while renovation and refurbishment are expected to remain firm, The plan incorporates higher raw material procurement costs, logistics expenses and personnel costs, The plan incorporates investment for the growth strategy
Medium-term management plan targets	BX 2025 CCC target: 70 days. Actual result for the fiscal year ended March 2026: 79.4 days
Annual Dividend	Fiscal year ending March 2026 ¥155.0 (interim ¥77.5, year-end ¥77.5) / Forecast for the fiscal year ending March 2027 ¥155.0 (interim ¥77.5, year-end ¥77.5)
Capital expenditures	¥34.1 100 million (expenditures for the acquisition of property, plant and equipment)
Market Size / Share	New housing starts: down 12.9% year on year for April–March; private non-residential construction floor area: down 1.8%; residential renovation order value: up 21.9%; non-residential renovation order value: up 25.5%. Market share: Not disclosed.
New initiatives	Accelerate the growth strategy in North America, Revamp the management structure in Southeast Asia, China and Hong Kong, Enhance solution-proposal capabilities by strengthening cross-functional collaboration, Investment for the growth strategy

Items this document does not state (8)

Number of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition 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.

For the fiscal year ended March 2026, profit growth was driven by the expansion of the domestic interior business, improved earnings in the overseas business, price revisions, an improved product portfolio and lower selling, general and administrative expenses. The revenue shortfall against plan was due in part to weak demand in Japan. The forecast for the fiscal year ending March 2027 incorporates higher raw material procurement costs, logistics expenses and personnel costs, as well as investment for the growth strategy.

How to read this page

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