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Nippon Sanso HoldingsNIPPON SANSO HOLDINGS CORPORATION4091東証プライム化学FY ending Mar 2026, consolidated, IFRS

Nippon Sanso Holdings FY ending Mar 2026 results

About 30% of Nippon Sanso Holdings's sales come from Japan, with the United States and Europe making up much of the rest.

Out of every ¥100 of sales, about ¥15 is left as operating profit.

Revenue changed +3.9% from the prior year, operating profit +19.3%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +3.9% · profit +19.3%, calculated from disclosed figures.

Operating leverage: 4.89× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+3.9%¥1.31T → ¥1.36T
Gross profit
+6.8%¥545.4B → ¥582.4B
Operating income
+19.3%¥165.9B → ¥197.9B
Net income attributable to owners
+25.4%¥98.8B → ¥123.9B
Operating cash flow
+15.9%¥235.1B → ¥272.6B
Free cash flow
+85.1%¥88.3B → ¥163.4B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.36T, up +3.9% from ¥1.31T.
  • Profit grew much faster: operating income rose +19.3% from ¥165.9B to ¥197.9B, and net income +25.4% from ¥98.8B to ¥123.9B.
  • Operating cash flow increased +15.9% to ¥272.6B, and free cash flow jumped +85.1% to ¥163.4B.

What drove the change

  • Gas volumes fell across the group, but price increases that passed on higher costs and regional productivity programs lifted profit.
  • One-off losses such as business exit costs, which were heavy the year before, shrank, so operating income grew faster than underlying profit.
  • In Asia and Oceania, acquired businesses (an Australian LPG distributor and an industrial gas business in Oceania) added sales and profit. The US segment, by contrast, earned less due to higher costs and lower volumes.

Things to watch

  • Electricity is a large part of the cost of making oxygen, nitrogen and argon; if cost increases can't be fully passed on, earnings suffer.
  • Specialty gases for chipmaking and helium depend on global supply chains, and geopolitics or export controls could disrupt supply.
  • If key customers in steel, chemicals or semiconductors cut output, plant utilization could drop and lead to impairment losses.

Annual Securities Report, 22nd term (Apr 2025 - Mar 2026) / Management's Analysis of Financial Position, Operating Results and Cash Flows · Annual Securities Report, 22nd term (Apr 2025 - Mar 2026) / Business Risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Nippon Sanso Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥57
SG&A
¥28
Operating profit
¥15
Net profit kept
¥9

Annual margin trends

Gross margin42.8%
FY ending Mar 2021: 38.8%38.8%FY ending Mar 2022: 37.5%37.5%FY ending Mar 2023: 37.0%37.0%FY ending Mar 2024: 40.7%40.7%FY ending Mar 2025: 41.7%41.7%FY ending Mar 2026: 42.8%42.8%FY21FY22FY23FY24FY25FY26
Operating margin14.6%
FY ending Mar 2021: 10.9%10.9%FY ending Mar 2022: 10.6%10.6%FY ending Mar 2023: 10.1%10.1%FY ending Mar 2024: 13.7%13.7%FY ending Mar 2025: 12.7%12.7%FY ending Mar 2026: 14.6%14.6%FY21FY22FY23FY24FY25FY26
Net margin9.1%
FY ending Mar 2021: 6.7%6.7%FY ending Mar 2022: 6.7%6.7%FY ending Mar 2023: 6.2%6.2%FY ending Mar 2024: 8.4%8.4%FY ending Mar 2025: 7.6%7.6%FY ending Mar 2026: 9.1%9.1%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22期(2025/04/01－2026/03/31)

    ID S100YB9P2026-06-15Open

  • EDINET (FSA Japan)

    有価証券報告書－第21期(2024/04/01－2025/03/31)

    ID S100VXDZ2025-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第20期(2023/04/01－2024/03/31)

    ID S100TN9T2024-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2022/04/01－2023/03/31)

    ID S100R0182023-06-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(令和3年4月1日－令和4年3月31日)

    ID S100OACJ2022-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(令和2年4月1日－令和3年3月31日)

    ID S100LKCI2021-06-21Open

Extracted from XBRL: 43 / Derived from other figures: 1

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