Sanshin ElectronicsSANSHIN ELECTRONICS CO., LTD.8150東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Sanshin Electronics revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +9.5% from the prior year, operating profit +19.4%.

Five-year trend

Revenue¥172.4B
FY ending Mar 2022: ¥123.6B¥123.6BFY ending Mar 2023: ¥161.1B¥161.1BFY ending Mar 2024: ¥140.2B¥140.2BFY ending Mar 2025: ¥157.3B¥157.3BFY ending Mar 2026: ¥172.4B¥172.4BFY22FY23FY24FY25FY26
Operating income¥6.91B
FY ending Mar 2022: ¥4.21B¥4.21BFY ending Mar 2023: ¥6.85B¥6.85BFY ending Mar 2024: ¥5.75B¥5.75BFY ending Mar 2025: ¥5.79B¥5.79BFY ending Mar 2026: ¥6.91B¥6.91BFY22FY23FY24FY25FY26
Operating margin4.0%
FY ending Mar 2022: 3.4%3.4%FY ending Mar 2023: 4.2%4.2%FY ending Mar 2024: 4.1%4.1%FY ending Mar 2025: 3.7%3.7%FY ending Mar 2026: 4.0%4.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.9%
Asset turnover1.97×
ROA5.7%
ROA5.7%
Financial leverage2.41×
ROE13.7%

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

Net margin2.9%
2022: 2.0%2.0%2023: 2.4%2.4%2024: 2.0%2.0%2025: 2.2%2.2%2026: 2.9%2.9%2223242526
Asset turnover1.97×
2022: 1.70×1.70×2023: 2.13×2.13×2024: 1.78×1.78×2025: 1.93×1.93×2026: 1.97×1.97×2223242526
ROA5.7%
2022: 3.5%3.5%2023: 5.1%5.1%2024: 3.5%3.5%2025: 4.3%4.3%2026: 5.7%5.7%2223242526
Financial leverage2.41×
2022: 2.54×2.54×2023: 2.52×2.52×2024: 2.47×2.47×2025: 2.43×2.43×2026: 2.41×2.41×2223242526
ROE13.7%
2022: 8.8%8.8%2023: 12.8%12.8%2024: 8.6%8.6%2025: 10.5%10.5%2026: 13.7%13.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.0%1.70×3.5%2.54×8.8%
20232.4%2.13×5.1%2.52×12.8%
20242.0%1.78×3.5%2.47×8.6%
20252.2%1.93×4.3%2.43×10.5%
20262.9%1.97×5.7%2.41×13.7%

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 ÷ revenue3.6%
2021: 2.4%2.4%2022: 2.1%2.1%2023: 1.6%1.6%2024: 2.1%2.1%2025: 3.9%3.9%2026: 3.6%3.6%212223242526
PPE ÷ total assets6.8%
2021: 3.2%3.2%2022: 3.6%3.6%2023: 3.3%3.3%2024: 3.7%3.7%2025: 7.2%7.2%2026: 6.8%6.8%212223242526
Goodwill ÷ parent equity—
2021: 0.3%0.3%2022: 0.3%0.3%2023: 0.2%0.2%2024: 0.1%0.1%2025: 0.0%0.0%212223242526
Goodwill balance—
2021: ¥124M¥124M2022: ¥97M¥97M2023: ¥70M¥70M2024: ¥43M¥43M2025: ¥16M¥16M212223242526

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.

Receivable days—
2021: 106d106d212223242526
Payable days—
2021: 47d47d2022: 48d48d2023: 35d35d2024: 39d39d2025: 40d40d212223242526

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
Revenue123,583161,107140,197157,342172,366
Cost of revenue110,053144,231124,643140,795153,930
Gross profit13,52916,87615,55316,54618,435
SG&A9,32010,0289,80410,75511,520
Operating income4,2096,8475,7485,7916,914
Pretax income3,5065,3573,8864,9306,892
Income tax9851,5081,1371,4201,939
Net income attributable to owners2,5243,8322,7403,5224,955
Operating margin3.4%4.2%4.1%3.7%4.0%

Balance sheet (reported items)

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

Assets

Cash 11%
7%
0%
3%
Other assets 79%

Funding

Other liabilities 49%
Equity 51%

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¥9.31B¥8.89B¥8.79B¥9.36B¥9.58B
Total assets¥72.8B¥78.6B¥78.9B¥84B¥91B
Net assets¥30.7B¥34.3B¥38.4B¥40.6B¥46B
Share capital¥14.8B¥14.8B¥14.8B¥14.8B¥14.8B
Property, plant and equipment¥2.65B¥2.62B¥2.92B¥6.07B¥6.19B
Intangible assets excluding goodwill¥461M¥358M¥301M¥247M¥386M
Goodwill¥97M¥70M¥43M¥16M—
Investment securities¥2.99B¥2.77B¥3.29B¥2.24B¥2.97B
Current assets¥66.5B¥72.6B¥72.1B¥74.9B¥80.6B
Current liabilities¥41.6B¥43.7B¥39.9B¥42.8B¥43.9B
Trade payables¥14.5B¥13.9B¥13.3B¥15.6B—
Short-term borrowings¥24.4B¥26.8B¥24B¥24.1B¥19.8B
Total liabilities¥42.1B¥44.3B¥40.5B¥43.5B¥45B
Non-controlling interests¥53M¥69M¥77M¥65M¥63M
Equity attributable to owners of parent¥28.7B¥31.3B¥32.3B¥34.7B¥37.9B
Retained earnings¥22.7B¥25.3B¥26.3B¥28.6B¥31.7B
Treasury stock-¥8.77B-¥8.78B-¥8.76B-¥8.71B-¥8.69B

Sources

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

    有価証券報告書-第75期(2025/04/01-2026/03/31)

    ID S100YCKF2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(2024/04/01-2025/03/31)

    ID S100VYO42025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2023/04/01-2024/03/31)

    ID S100TNW82024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(2022/04/01-2023/03/31)

    ID S100QZWE2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第71期(令和3年4月1日-令和4年3月31日)

    ID S100OE112022-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第70期(令和2年4月1日-令和3年3月31日)

    ID S100MLSX2021-10-20Open

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

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