Sanko rebounded after 7 sessions and raised its consolidated earnings forecast for the fiscal year ending March 2027. The revision is believed to reflect expanding demand for its core automotive-related products and strong orders at its overseas subsidiaries.
Sanko's share price rose for the first time in 7 sessions, and the company raised its consolidated earnings forecast for the fiscal year ending March 2027. Revenue was raised from ¥17.8 billion to ¥19.0 billion, operating profit from ¥690 million to ¥1.15 billion, and net profit from ¥560 million to ¥890 million.
The upward revision reflects the strong performance of sales of its core automotive-related products for HEV and PHEV applications, despite the company having made conservative assumptions because of concerns over the impact of the weaker yen and geopolitical risks.
In the interim results for the six months ended September, announced alongside the revision to the initial forecast, revenue was ¥9.772 billion, operating profit was ¥720 million, and net profit was ¥490 million. All three increased from the same period a year earlier.
Strong orders for automotive and consumer electronics-related products at overseas subsidiaries also contributed.