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SANKO, First Half Ordinary Profit Decreases by 12%
6964 SANKO CO.,LTD. 【J-GAAP】
Earnings ReportSANKO CO.,LTD. <6964> [TSE Std] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.7% from the same period last year to 288 million yen. However, Progress toward the full-year plan of 500 million yen was 57.6%, also surpassing the five-year average of 44.6%.
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 significant drop 56.6% from the same period last year to 212 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 182 million yen, a 13.7% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 3.4%.
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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 | 8,515 | 415 | 569 | 399 | 45.0 | 57.5 | Nov 10, 2023 | J-GAAP |
| Apr - Sep, 2024 | 8,127 | 266 | 326 | 230 | 26.0 | 40.0 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 8,591 | 251 | 288 | 187 | 21.1 | 57.6 | Nov 7, 2025 | J-GAAP |
| YoY | +5.7% | -5.6% | -11.7% | -18.7% | -18.7% |
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 | 8,000 | 200 | 250 | 170 | 19.2 | 0 | May 9, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 8,591 | 251 | 288 | 187 | 21.1 | 0 | Nov 7, 2025 | J-GAAP |
| Revision Rate | +7.4% | +25.5% | +15.2% | +10.0% | +10.2% |
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 | 8,711 | 280 | 489 | 339 | 38.2 | 20 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 7,909 | 199 | 212 | 163 | 18.4 | 20 | Nov 7, 2025 | J-GAAP |
| YoY | -9.2% | -28.9% | -56.6% | -51.9% | -52.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 16,936 | 771 | 989 | 704 | 79.4 | 22 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 16,838 | 546 | 815 | 569 | 64.2 | 20 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 16,500 | 450 | 500 | 350 | 39.4 | 20 | May 9, 2025 | J-GAAP |
| YoY | -2.0% | -17.6% | -38.7% | -38.5% | -38.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 4,129 | 170 | 211 | 143 | 16.2 | 4.1 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 4,292 | 206 | 403 | 297 | 33.5 | 4.8 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 4,419 | 74 | 86 | 42 | 4.7 | 1.7 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 4,179 | 102 | 106 | 62 | 7.0 | 2.4 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 4,412 | 149 | 182 | 125 | 14.1 | 3.4 | Nov 7, 2025 | J-GAAP |
| YoY | +6.9% | -12.4% | -13.7% | -12.6% | -12.6% |
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