Sanyo Trading (3176) Q1 2026 earnings summary

Executive summary

• Net profit rose 37.9% year-over-year, driven by a gain on sale of investment securities, while operating profit declined 2.3% due to higher expenses.

• Net sales for Q1 FY2026 were ¥33,842 million, down 0.4% year-over-year; ordinary profit was ¥2,216 million, down 13.0%.

• Comprehensive income for Q1 FY2026 was ¥2,297 million, down 11.9% year-over-year.

• Progress toward full-year plan: 26.0% for net sales and 30.4% for operating profit, indicating steady performance.

• EPS rose to ¥70.83 from ¥51.39 year-over-year.

Financial highlights

• Gross profit increased 1.6% to ¥5,883 million, with a gross profit ratio of 17.4%.

• Operating profit was ¥1,887 million, down 2.3% year-over-year; operating profit ratio at 5.6%.

• Ordinary profit fell 13.0% to ¥2,216 million.

• Total assets at December 31, 2025, were ¥83,661 million, up ¥2,165 million from September 30, 2025.

• Net assets increased to ¥52,782 million, up ¥1,461 million from the previous fiscal year-end.

Outlook and guidance

• Full-year FY2026 forecast: net sales ¥130,000 million (+2.0% YoY), operating profit ¥6,200 million (-3.6%), ordinary profit ¥6,500 million (-5.5%), profit attributable to owners of parent ¥4,100 million (-11.2%), EPS ¥142.31.

• Progress toward full-year plan: 26.0% for net sales, 30.4% for operating profit, 49.8% for profit attributable to owners.

• No change to previously announced earnings forecasts.