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SANSHIN ELECTRONICS, 18% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend
8150 SANSHIN ELECTRONICS CO., LTD. 【J-GAAP】
Earnings ReportSANSHIN ELECTRONICS CO., LTD. <8150> [TSE Prime] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 23.2% from the previous period to 6.07 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 17.7% from the previous period to 5.00 billion yen.
At the same time, the company increased the annual dividend for the previous term from 150 yen to 190 yen (compared to 135 yen in the prior term), and has decided to reduce the dividend this fiscal year to 140 yen, a decrease of 50 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 26.1% from the same period last year, reaching 2.07 billion yen. The operating profit margin improved from 4.4% in the same period last year to 5.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 140,197 | 5,748 | 3,908 | 2,740 | 224.7 | 105 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 157,342 | 5,791 | 4,934 | 3,522 | 288.2 | 135 | May 13, 2025 | J-GAAP |
| Mar, 2026 | 172,366 | 6,914 | 6,078 | 4,955 | 404.9 | 190 | May 14, 2026 | J-GAAP |
| YoY | +9.5% | +19.4% | +23.2% | +40.7% | +40.5% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 164,000 | 5,500 | 4,900 | 3,900 | 318.6 | 150 | Nov 6, 2025 | J-GAAP |
| Mar, 2026 Results | 172,366 | 6,914 | 6,078 | 4,955 | 404.9 | 190 | May 14, 2026 | J-GAAP |
| Revision Rate | +5.1% | +25.7% | +24.0% | +27.1% | +27.1% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 87,781 | 3,269 | 2,919 | 2,526 | 206.6 | 40 | Nov 6, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 83,000 | 1,600 | 1,300 | 1,000 | 81.7 | 40 | May 14, 2026 | J-GAAP |
| YoY | -5.4% | -51.1% | -55.5% | -60.4% | -60.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 157,342 | 5,791 | 4,934 | 3,522 | 288.2 | 135 | May 13, 2025 | J-GAAP |
| Mar, 2026 | 172,366 | 6,914 | 6,078 | 4,955 | 404.9 | 190 | May 14, 2026 | J-GAAP |
| Mar, 2027 Guidance | 186,000 | 5,550 | 5,000 | 3,600 | 294.1 | 140 | May 14, 2026 | J-GAAP |
| YoY | +7.9% | -19.7% | -17.7% | -27.3% | -27.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 42,314 | 1,852 | 1,645 | 1,156 | 94.6 | 4.4 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 40,394 | 936 | 715 | 920 | 75.2 | 2.3 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 47,387 | 2,333 | 2,204 | 1,606 | 131.3 | 4.9 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 40,732 | 1,307 | 1,084 | 797 | 65.2 | 3.2 | Feb 4, 2026 | J-GAAP |
| Jan - Mar, 2026 | 43,853 | 2,338 | 2,075 | 1,632 | 133.4 | 5.3 | May 14, 2026 | J-GAAP |
| YoY | +3.6% | +26.2% | +26.1% | +41.2% | +41.0% |
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