Sanyo Trading (3176) investor relations material

Executive summary

• FY2026 net sales rose 9.0% YoY to ¥144,590 million; operating profit rose 20.4% to ¥7,744 million and net income rose 23.5% to ¥5,702 million.

• Growth in Fine Chemicals, Industrial Products and Life Science offset lower sales and profit in Sustainability; operating cash flow fell to ¥1,137 million.

Financial highlights

• Ordinary profit increased 11.1% YoY to ¥7,644 million; comprehensive income rose 22.1% to ¥6,408 million.

• Extraordinary items included a ¥1,269 million gain on sales of investment securities, ¥618 million of embezzlement losses and ¥26 million of related investigation expenses.

• Total assets increased ¥8,814 million to ¥90,310 million; net assets rose ¥4,061 million to ¥55,382 million.

Outlook and guidance

• FY2027 forecast: net sales ¥160,000 million (+10.7% YoY), operating profit ¥8,500 million (+9.7%) and ordinary profit ¥8,800 million (+15.1%).

• Profit attributable to owners of parent is forecast at ¥5,600 million (-1.8%); the prior-year investment securities gain is excluded from the outlook, and no extraordinary income or losses are currently expected.

• Forecast sales incorporate large Cosmos Shoji offshore wind and drilling-rig projects, steady existing businesses and new-business growth; higher growth investment and Scrum biotech project profitability support operating profit.

• FY2027 annual dividend planned at ¥36 per share, split equally between interim and year-end payments; policy targets progressive dividends and a payout ratio of at least 30% during SV2028.