SAN-A CO (2659) Q4 2026 earnings summary

Executive summary

• FY26 operating revenue rose 3.5% to ¥245.548bn and net sales increased 3.2% to ¥225.485bn; operating profit rose 0.9% to ¥17.070bn and ordinary profit grew 1.7% to ¥17.768bn.

• Net income fell 6.9% to ¥10.678bn and missed budget; comprehensive income decreased 2.7% to ¥11.789bn.

• Food, apparel and dining sales supported results, while weather, six renovation closures totaling 81 days, and a difficult comparison with the prior-year appliance campaign weighed on budget attainment.

Financial highlights

• Gross profit rose 2.5% to ¥70.973bn; SG&A increased 4.4% to ¥73.966bn on wage increases, hiring, renovations and DX investment.

• Total assets increased to ¥217.274bn from ¥191.224bn, and net assets rose to ¥160.958bn from ¥154.546bn.

• Cash and cash equivalents at year-end were ¥79.534bn, up from ¥59.843bn; operating cash flow rose to ¥31.617bn from ¥14.980bn.

Outlook and guidance

• FY27 forecast: operating revenue ¥257.270bn (+4.8%), net sales ¥236.561bn (+4.9%), operating profit ¥17.527bn (+2.7%), ordinary profit ¥17.975bn (+1.2%) and net income ¥11.025bn (+3.3%).

• FY27 gross profit is forecast at ¥74.681bn with a 31.6% margin; SG&A is projected at ¥77.864bn, up 5.3%, on labor, logistics, depreciation and DX costs.

• FY27 existing-store sales are forecast to rise 4.2%; quarterly comparisons account for the shift in Okinawa’s lunar-calendar Obon period.

• Planned special losses are ¥211m, mainly for closure-site demolition and restoration, down from ¥1.167bn in FY26; EBITDA is forecast at ¥25.061bn, up 4.5%.

• Basic earnings per share is forecast at ¥178.27 for FY27.