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HanwaHANWA CO.,LTD.8078東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Hanwa FY ending Mar 2026 results

About 39% of Hanwa's sales come from Steel business, with Oversea -sales subsidiary and Energy and Living Materials business making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed +4.2% from the prior year, operating profit -5.0%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +4.2% · profit -5.0%, calculated from disclosed figures.

Operating leverage: -1.19× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+4.2%¥2.55T → ¥2.66T
Gross profit
+0.4%¥140.6B → ¥141.1B
Operating income
-5.0%¥61.5B → ¥58.4B
Net income attributable to owners
-15.9%¥45.5B → ¥38.3B
Operating cash flow
+633.7%¥10.1B → ¥74.3B
Free cash flow
+4204.8%¥1.64B → ¥70.5B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥2.66T, up +4.2% from ¥2.55T.
  • Profit went the other way: operating income slipped -5.0% from ¥61.5B to ¥58.4B, and net income dropped -15.9% from ¥45.5B to ¥38.3B.
  • Operating cash flow jumped from ¥10.1B to ¥74.3B, lifting free cash flow to ¥70.5B.

What drove the change

  • More business in primary metals and at overseas sales subsidiaries drove revenue up
  • Weaker margins on aluminum and other items in recycled metals, plus higher personnel costs, pulled operating income down
  • Equity-method results from its South African chrome investee turned negative, and foreign exchange losses grew
  • Lower trade receivables and higher trade payables boosted operating cash flow

Things to watch

  • Commodity prices for steel and non-ferrous metals now swing wider and faster, so misjudging the market can hit earnings
  • Trade rules such as US tariffs and geopolitical shifts could disrupt overseas business
  • Currency moves can create valuation losses on foreign-currency receivables and payables

Annual Securities Report, 79th fiscal year (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 79th fiscal year (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Hanwa sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥95
SG&A
¥3
Operating profit
¥2
Net profit kept
¥1

Annual margin trends

Gross margin5.3%
FY ending Mar 2021: 4.6%4.6%FY ending Mar 2022: 5.5%5.5%FY ending Mar 2023: 4.8%4.8%FY ending Mar 2024: 4.9%4.9%FY ending Mar 2025: 5.5%5.5%FY ending Mar 2026: 5.3%5.3%FY21FY22FY23FY24FY25FY26
Operating margin2.2%
FY ending Mar 2021: 1.7%1.7%FY ending Mar 2022: 2.9%2.9%FY ending Mar 2023: 2.4%2.4%FY ending Mar 2024: 2.0%2.0%FY ending Mar 2025: 2.4%2.4%FY ending Mar 2026: 2.2%2.2%FY21FY22FY23FY24FY25FY26
Net margin1.4%
FY ending Mar 2021: 1.1%1.1%FY ending Mar 2022: 2.0%2.0%FY ending Mar 2023: 1.9%1.9%FY ending Mar 2024: 1.6%1.6%FY ending Mar 2025: 1.8%1.8%FY ending Mar 2026: 1.4%1.4%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第79期(2025/04/01－2026/03/31)

    ID S100YED62026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2024/04/01－2025/03/31)

    ID S100W5R72025-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(2023/04/01－2024/03/31)

    ID S100TOKY2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2022/04/01－2023/03/31)

    ID S100R04K2023-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(令和3年4月1日－令和4年3月31日)

    ID S100O9FG2022-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第74期(令和2年4月1日－令和3年3月31日)

    ID S100LJSY2021-06-24Open

Extracted from XBRL: 55 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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