Sanken ElectricSanken Electric Co.,Ltd.6707東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Sanken Electric revenue and profit

It lost about ¥6 for every ¥100 of sales at the operating level. Revenue changed -34.1% from the prior year.

Five-year trend

Revenue¥80.2B
FY ending Mar 2022: ¥175.7B¥175.7BFY ending Mar 2023: ¥225.4B¥225.4BFY ending Mar 2024: ¥235.2B¥235.2BFY ending Mar 2025: ¥121.6B¥121.6BFY ending Mar 2026: ¥80.2B¥80.2BFY22FY23FY24FY25FY26
Operating income-¥4.73B
FY ending Mar 2022: ¥13.7B¥13.7BFY ending Mar 2023: ¥26.2B¥26.2BFY ending Mar 2024: ¥19.5B¥19.5BFY ending Mar 2025: -¥3.79B-¥3.79BFY ending Mar 2026: -¥4.73B-¥4.73BFY22FY23FY24FY25FY26
Operating margin-5.9%
FY ending Mar 2022: 7.8%7.8%FY ending Mar 2023: 11.6%11.6%FY ending Mar 2024: 8.3%8.3%FY ending Mar 2025: -3.1%-3.1%FY ending Mar 2026: -5.9%-5.9%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin—
2022: 1.8%1.8%2023: 4.2%4.2%2025: 41.9%41.9%2223242526
Asset turnover—
2022: 0.72×0.72×2023: 0.82×0.82×2025: 0.38×0.38×2223242526
ROA-3.9%
2022: 1.3%1.3%2023: 3.5%3.5%2024: -2.4%-2.4%2025: 15.9%15.9%2026: -3.9%-3.9%2223242526
Financial leverage—
2022: 2.76×2.76×2023: 2.89×2.89×2025: 2.83×2.83×2223242526
ROE—
2022: 3.6%3.6%2023: 10.1%10.1%2025: 44.8%44.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.8%0.72×1.3%2.76×3.6%
20234.2%0.82×3.5%2.89×10.1%
2024——×-2.4%—×—
202541.9%0.38×15.9%2.83×44.8%
2026——×-3.9%—×—

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue65.2%
2021: 43.1%43.1%2022: 42.5%42.5%2023: 39.3%39.3%2024: 47.5%47.5%2025: 42.0%42.0%2026: 65.2%65.2%212223242526
PPE ÷ total assets21.8%
2021: 28.9%28.9%2022: 30.5%30.5%2023: 29.3%29.3%2024: 29.1%29.1%2025: 19.7%19.7%2026: 21.8%21.8%212223242526
Goodwill ÷ parent equity1.6%
2021: 2.3%2.3%2022: 2.2%2.2%2023: 2.9%2.9%2024: 32.3%32.3%2025: 0.6%0.6%2026: 1.6%1.6%212223242526
Goodwill balance¥1.62B
2021: ¥1.96B¥1.96B2022: ¥1.95B¥1.95B2023: ¥2.91B¥2.91B2024: ¥29.6B¥29.6B2025: ¥809M¥809M2026: ¥1.62B¥1.62B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥5.4B
2021: ¥17.7B¥17.7B2022: ¥20.3B¥20.3B2023: ¥27B¥27B2024: ¥31.8B¥31.8B2025: ¥12.5B¥12.5B2026: ¥5.4B¥5.4B212223242526
R&D / revenue6.7%
2021: 11.3%11.3%2022: 11.6%11.6%2023: 12.0%12.0%2024: 13.5%13.5%2025: 10.3%10.3%2026: 6.7%6.7%212223242526
Receivable days76d
2021: 86d86d2022: 74d74d2023: 65d65d2024: 53d53d2025: 61d61d2026: 76d76d212223242526
Payable days23d
2021: 65d65d2022: 54d54d2023: 52d52d2024: 30d30d2025: 22d22d2026: 23d23d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue175,660225,387235,221121,61980,175
Cost of revenue120,475141,706148,33596,68472,674
Gross profit55,18483,68186,88524,9357,500
SG&A41,46457,52467,34628,72312,229
Operating income13,72026,15619,539-3,788-4,728
Pretax income13,27526,2509,53050,501-8,846
Income tax3,1674,0767,1351,303939
Net income attributable to owners3,2049,533-8,11250,934-9,798
Operating margin7.8%11.6%8.3%-3.1%-5.9%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 14%
7%
Property, plant and equipment 22%
2%
7%
Other assets 48%

Funding

2%
Interest-bearing debt 27%
Other liabilities 21%
Equity 50%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥57.4B¥63.8B¥48.1B¥60.7B¥34.8B
Total assets¥244.7B¥302B¥383.6B¥259.1B¥239.5B
Net assets¥137.4B¥173.2B¥198.6B¥147.9B¥120B
Share capital¥20.9B¥20.9B¥20.9B¥20.9B¥20.9B
Trade receivables¥35.6B¥40B¥34.2B¥20.3B¥16.8B
Property, plant and equipment¥74.6B¥88.5B¥111.8B¥51.1B¥52.3B
Intangible assets excluding goodwill¥8.15B¥11.2B¥72.5B¥1.37B¥2.32B
Goodwill¥1.95B¥2.91B¥29.6B¥809M¥1.62B
Investment securities¥2.48B¥5.6B¥3.03B¥15.6B¥16.3B
Current assets¥148.7B¥179.1B¥173.4B¥137B¥108.9B
Current liabilities¥52.5B¥83.5B¥86.7B¥54.4B¥66.7B
Trade payables¥17.9B¥20.2B¥12.2B¥5.89B¥4.54B
Short-term borrowings¥10.7B¥12.6B¥26.4B¥9.97B¥28.2B
Long-term borrowings¥43B¥26.4B¥74.6B¥25.3B¥26.4B
Bonds¥5B¥12B¥15B¥10B¥10B
Interest-bearing debt¥58.7Bderived¥51Bderived¥116Bderived¥45.3Bderived¥64.6Bderived
Total liabilities¥107.3B¥128.8B¥185B¥111.1B¥119.5B
Non-controlling interests¥42.4B¥62.1B¥79.2B¥495M—
Equity attributable to owners of parent¥88.6B¥100.3B¥91.8B¥135.5B¥102.2B
Retained earnings¥9.25B¥18.1B¥9.21B¥60.1B¥25.3B
Treasury stock-¥4.22B-¥4.29B-¥4.28B-¥10.8B-¥4.25B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第109期(2025/04/01-2026/03/31)

    ID S100YI8X2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第108期(2024/04/01-2025/03/31)

    ID S100W51U2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第107期(2023/04/01-2024/03/31)

    ID S100TOEF2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第106期(2022/04/01-2023/03/31)

    ID S100QZYC2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第105期(令和3年4月1日-令和4年3月31日)

    ID S100OAT92022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第104期(令和2年4月1日-令和3年3月31日)

    ID S100LNZH2021-06-25Open

Extracted from XBRL: 53 / Derived from other figures: 2

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