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Sanwa Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 5%, Oct-Dec Ordinary Profit Decreases by 15%
5929 Sanwa Holdings Corporation 【J-GAAP】
Earnings ReportSanwa Holdings Corporation <5929> [TSE Prime] announced its financial results at noon (11:30) on January 30th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 4.8% from the same period last year to 50.9 billion yen. Progress toward the full-year plan of 82.7 billion yen was 61.6%, which was higher than the five-year average of 58.6%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 4.2% from the same period last year, reaching 31.7 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 16.4 billion yen, a 14.9% decrease compared to the same period last year. The operating profit margin decreased from 11.6% in the same period last year to 10.1%.
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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 - Dec, 2023 | 435,472 | 41,153 | 40,578 | 31,451 | 142.4 | 62.5 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 475,111 | 50,967 | 53,544 | 37,291 | 171.1 | 63.7 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 468,152 | 49,675 | 50,952 | 38,005 | 178.6 | 61.6 | Jan 30, 2026 | J-GAAP |
| YoY | -1.5% | -2.5% | -4.8% | +1.9% | +4.4% |
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 | 149.2 | 62 | Oct 31, 2025 | J-GAAP |
| YoY | -1.1% | -1.9% | -3.2% | -6.5% | -3.9% |
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 | 274.4 | 124 | May 14, 2025 | J-GAAP |
| YoY | -1.3% | +0.6% | -1.6% | +0.8% | +3.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oct - Dec, 2025 | 158,920 | 15,980 | 16,452 | 11,554 | 54.3 | 10.1 | Jan 30, 2026 | J-GAAP |
| YoY | -1.5% | -14.3% | -14.9% | -14.5% | -12.5% |
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