Sansha Electric ManufacturingSansha Electric Manufacturing Co.,Ltd.6882東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Sansha Electric Manufacturing revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +4.8% from the prior year, operating profit +29.2%.

Five-year trend

Revenue¥26.7B
FY ending Mar 2022: ¥22.7B¥22.7BFY ending Mar 2023: ¥28.1B¥28.1BFY ending Mar 2024: ¥31B¥31BFY ending Mar 2025: ¥25.4B¥25.4BFY ending Mar 2026: ¥26.7B¥26.7BFY22FY23FY24FY25FY26
Operating income¥1.39B
FY ending Mar 2022: ¥1.32B¥1.32BFY ending Mar 2023: ¥1.63B¥1.63BFY ending Mar 2024: ¥3.41B¥3.41BFY ending Mar 2025: ¥1.07B¥1.07BFY ending Mar 2026: ¥1.39B¥1.39BFY22FY23FY24FY25FY26
Operating margin5.2%
FY ending Mar 2022: 5.8%5.8%FY ending Mar 2023: 5.8%5.8%FY ending Mar 2024: 11.0%11.0%FY ending Mar 2025: 4.2%4.2%FY ending Mar 2026: 5.2%5.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.4%
Asset turnover0.80×
ROA1.1%
ROA1.1%
Financial leverage1.49×
ROE1.7%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin1.4%
2022: 5.1%5.1%2023: 4.4%4.4%2024: 9.5%9.5%2025: 2.0%2.0%2026: 1.4%1.4%2223242526
Asset turnover0.80×
2022: 0.84×0.84×2023: 1.00×1.00×2024: 0.96×0.96×2025: 0.74×0.74×2026: 0.80×0.80×2223242526
ROA1.1%
2022: 4.2%4.2%2023: 4.4%4.4%2024: 9.2%9.2%2025: 1.5%1.5%2026: 1.1%1.1%2223242526
Financial leverage1.49×
2022: 1.44×1.44×2023: 1.45×1.45×2024: 1.52×1.52×2025: 1.54×1.54×2026: 1.49×1.49×2223242526
ROE1.7%
2022: 6.1%6.1%2023: 6.4%6.4%2024: 13.9%13.9%2025: 2.2%2.2%2026: 1.7%1.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.1%0.84×4.2%1.44×6.1%
20234.4%1.00×4.4%1.45×6.4%
20249.5%0.96×9.2%1.52×13.9%
20252.0%0.74×1.5%1.54×2.2%
20261.4%0.80×1.1%1.49×1.7%

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 ÷ revenue25.1%
2021: 27.2%27.2%2022: 23.2%23.2%2023: 19.6%19.6%2024: 18.6%18.6%2025: 25.6%25.6%2026: 25.1%25.1%212223242526
PPE ÷ total assets20.4%
2021: 21.3%21.3%2022: 19.4%19.4%2023: 18.9%18.9%2024: 16.3%16.3%2025: 19.4%19.4%2026: 20.4%20.4%212223242526
Goodwill ÷ parent equity0.0%
2021: 0.2%0.2%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Goodwill balance¥3M
2021: ¥36M¥36M2022: ¥28M¥28M2023: ¥22M¥22M2024: ¥16M¥16M2025: ¥9M¥9M2026: ¥3M¥3M212223242526

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¥1.43B
2021: ¥1.22B¥1.22B2022: ¥1.25B¥1.25B2023: ¥1.58B¥1.58B2024: ¥1.79B¥1.79B2025: ¥1.51B¥1.51B2026: ¥1.43B¥1.43B212223242526
R&D / revenue5.4%
2021: 6.3%6.3%2022: 5.5%5.5%2023: 5.6%5.6%2024: 5.8%5.8%2025: 5.9%5.9%2026: 5.4%5.4%212223242526
Receivable days—
2021: 124d124d212223242526
Payable days22d
2021: 54d54d2022: 74d74d2023: 65d65d2024: 63d63d2025: 36d36d2026: 22d22d212223242526

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
Revenue22,67528,08831,00525,44026,651
Cost of revenue17,22721,60022,42319,15320,136
Gross profit5,4476,4888,5826,2876,515
SG&A4,1314,8585,1745,2135,128
Operating income1,3161,6293,4071,0731,386
Pretax income1,3201,6513,4731,229892
Income tax173409518726510
Net income attributable to owners1,1471,2412,955502381
Operating margin5.8%5.8%11.0%4.2%5.2%

Balance sheet (reported items)

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

Assets

Cash 21%
Property, plant and equipment 20%
1%
0%
Other assets 58%

Funding

4%
Other liabilities 20%
Equity 76%
0%

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¥5.03B¥3.96B¥5.83B¥5.76B¥6.76B
Total assets¥27.1B¥29.1B¥35.3B¥33.6B¥32.7B
Net assets¥19.8B¥21.1B¥24.4B¥24.3B¥24.9B
Share capital¥2.77B¥2.77B¥2.77B¥2.77B¥2.77B
Property, plant and equipment¥5.26B¥5.5B¥5.77B¥6.5B¥6.69B
Intangible assets excluding goodwill¥143M¥123M¥211M¥522M¥457M
Goodwill¥28M¥22M¥16M¥9M¥3M
Investment securities¥24M¥32M¥213M¥88M¥1M
Current assets¥20.8B¥22.5B¥27.4B¥24.9B¥24B
Current liabilities¥6.91B¥7.52B¥10.5B¥8.69B¥7.17B
Trade payables¥3.47B¥3.88B¥3.85B¥1.9B¥1.19B
Short-term borrowings——¥1B¥3B¥2.2B
Total liabilities¥7.34B¥8.02B¥10.9B¥9.23B¥7.8B
Equity attributable to owners of parent¥18.8B¥20B¥22.5B¥22.3B¥22.2B
Retained earnings¥15.2B¥16B¥18.6B¥18.4B¥18.2B
Treasury stock-¥1.9B-¥1.54B-¥1.6B-¥1.6B-¥1.58B

Sources

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

    有価証券報告書-第92期(2025/04/01-2026/03/31)

    ID S100YFP92026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第91期(2024/04/01-2025/03/31)

    ID S100W3CS2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第90期(2023/04/01-2024/03/31)

    ID S100TQJL2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第89期(2022/04/01-2023/03/31)

    ID S100R5H02023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第88期(令和3年4月1日-令和4年3月31日)

    ID S100OIYG2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(令和2年4月1日-令和3年3月31日)

    ID S100LOH12021-06-25Open

Extracted from XBRL: 49 / Derived from other figures: 1

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