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Sanyo Trading, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Dividend Effectively Increased

Tue May 12, 2026 2:00 pm JST Earnings

3176 Sanyo Trading Co., Ltd. 【J-GAAP】

Earnings Report

Sanyo Trading Co., Ltd. <3176> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) was 4.50 billion yen, a 2.2% increase compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 1.5%, from the previous forecast of 6.50 billion yen to 6.60 billion yen (compared to 6.87 billion yen in the previous period), and the declining rate is expected to decrease from 5.5% to 4.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (second half) is expected to decrease 15.2% from the same period last year to 2.09 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for June 30, the annual dividend for the current fiscal year has been revised from the original plan of 58 yen to 45 yen (equivalent to 60 yen before the forward stock split) This effectively represents a 3.4% increase in the annual dividend.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit grew 22.9% from the same period last year, reaching 2.29 billion yen. The operating profit margin improved from 6.4% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2023 64,928 4,317 4,935 3,146 109.3 62.4 May 9, 2024 J-GAAP
Oct - Mar, 2024 68,129 4,104 4,410 3,451 119.9 64.1 May 9, 2025 J-GAAP
Oct - Mar, 2025 70,258 4,466 4,506 3,657 126.9 68.3 May 12, 2026 J-GAAP
YoY +3.1% +8.8% +2.2% +6.0% +5.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance ー ー ー ー － 29 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 Results 70,258 4,466 4,506 3,657 126.9 30 May 12, 2026 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 130,000 6,200 6,500 4,100 142.2 58 Nov 10, 2025 J-GAAP
Sep, 2026 New 133,000 6,500 6,600 4,800 166.5 60 May 12, 2026 J-GAAP
Revision Rate +2.3% +4.8% +1.5% +17.1% +17.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 64,574 2,326 2,469 1,164 40.4 29 Nov 10, 2025 J-GAAP
Apr - Sep, 2026 Guidance 62,742 2,034 2,094 1,143 39.7 30 May 12, 2026 J-GAAP
YoY -2.8% -12.6% -15.2% -1.8% -1.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 129,263 7,072 7,905 5,207 180.9 55 Nov 7, 2024 J-GAAP
Sep, 2025 132,703 6,430 6,879 4,615 160.2 57 Nov 10, 2025 J-GAAP
Sep, 2026 Guidance 133,000 6,500 6,600 4,800 166.5 60 May 12, 2026 J-GAAP
YoY +0.2% +1.1% -4.1% +4.0% +3.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 34,146 2,173 1,863 1,972 68.5 6.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 30,678 1,428 1,627 1,118 38.8 4.7 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 33,896 898 842 46 1.6 2.6 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 33,842 1,887 2,216 2,040 70.8 5.6 Feb 6, 2026 J-GAAP
Jan - Mar, 2026 36,416 2,579 2,290 1,617 56.1 7.1 May 12, 2026 J-GAAP
YoY +6.6% +18.7% +22.9% -18.0% -18.1%

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