# Toto vs Sanwa Holdings

> Unit: JPY millions (ratios in %)
> Periods: Toto = FY ending Mar 2026, consolidated, J-GAAP / Sanwa Holdings = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:37:02.063Z

| Metric | Toto | Sanwa Holdings |
| --- | ---: | ---: |
| Revenue | 737,441 | 660,712 |
| Operating income | 53,759 | 79,095 |
| Net income | 40,257 | 59,776 |
| COGS ratio | 64.4% | 66.9% |
| Operating margin | 7.3% | 12.0% |
| Net margin | 5.5% | 9.0% |
| FCF margin | 3.8% | 7.1% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YC72 | S100YFHH |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Toto | Sanwa Holdings |
| --- | ---: | ---: |
| Revenue growth | 67 (56 peers) | 97.3 (56 peers) |
| Profitability | 73.3 (58 peers) | 97.4 (58 peers) |
| Cash conversion | 61 (50 peers) | 29 (50 peers) |
| Efficiency | 64.7 (58 peers) | 90.5 (58 peers) |
| Financial strength | — | 93.8 (8 peers) |

## Company details

- https://vizora.meequs.com/en/company/toto/md
- https://vizora.meequs.com/en/company/sanwa-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).