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Sanwa Holdings, First Half Ordinary Profit Increases by 1%
5929 Sanwa Holdings Corporation 【J-GAAP】
Earnings ReportSanwa Holdings Corporation <5929> [TSE Prime] announced its financial results at noon (11:30) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 34.5 billion yen, a 0.9% increase compared to the same period last year. Progress toward the full-year plan of 82.7 billion yen was 41.7%, exceeding the five-year average of 37.8%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 3.2% from the same period last year to 48.2 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 24.0 billion yen, an increase of 2.8% compared to the same period last year. The operating profit margin rose from 13.1% in the same period last year to 14.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 285,657 | 27,733 | 27,163 | 22,109 | 100.0 | 41.9 | Oct 31, 2023 | J-GAAP |
| Apr - Sep, 2024 | 313,827 | 32,313 | 34,201 | 23,775 | 108.9 | 40.7 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 309,232 | 33,695 | 34,500 | 26,451 | 124.1 | 41.7 | Oct 31, 2025 | J-GAAP |
| YoY | -1.5% | +4.3% | +0.9% | +11.3% | +13.9% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 306,000 | 33,500 | 34,300 | 23,300 | 109.7 | 62 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 309,232 | 33,695 | 34,500 | 26,451 | 124.1 | 62 | Oct 31, 2025 | J-GAAP |
| Revision Rate | +1.1% | +0.6% | +0.6% | +13.5% | +13.1% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 348,553 | 48,202 | 49,814 | 33,737 | 155.2 | 59 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 344,768 | 47,305 | 48,200 | 31,549 | 148.9 | 62 | Oct 31, 2025 | J-GAAP |
| YoY | -1.1% | -1.9% | -3.2% | -6.5% | -4.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 611,107 | 65,360 | 64,903 | 43,228 | 196.0 | 78 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 662,380 | 80,515 | 84,015 | 57,512 | 264.6 | 106 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 654,000 | 81,000 | 82,700 | 58,000 | 273.7 | 124 | May 14, 2025 | J-GAAP |
| YoY | -1.3% | +0.6% | -1.6% | +0.8% | +3.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 171,452 | 22,382 | 23,427 | 16,449 | 75.4 | 13.1 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 161,284 | 18,654 | 19,343 | 13,516 | 62.0 | 11.6 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 187,269 | 29,548 | 30,471 | 20,221 | 93.0 | 15.8 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 140,775 | 9,924 | 10,409 | 7,218 | 33.8 | 7.0 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 168,457 | 23,771 | 24,091 | 19,233 | 90.2 | 14.1 | Oct 31, 2025 | J-GAAP |
| YoY | -1.7% | +6.2% | +2.8% | +16.9% | +19.7% |
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