Sanso ElectricSANSO ELECTRIC CO.,LTD.6518東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Sanso Electric revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +14.1% from the prior year, operating profit +1040.1%.

Five-year trend

Revenue¥18.3B
FY ending Mar 2022: ¥17.1B¥17.1BFY ending Mar 2023: ¥18.6B¥18.6BFY ending Mar 2024: ¥17.7B¥17.7BFY ending Mar 2025: ¥16B¥16BFY ending Mar 2026: ¥18.3B¥18.3BFY22FY23FY24FY25FY26
Operating income¥794.7M
FY ending Mar 2022: ¥806.5M¥806.5MFY ending Mar 2023: ¥901.3M¥901.3MFY ending Mar 2024: ¥677.9M¥677.9MFY ending Mar 2025: ¥69.7M¥69.7MFY ending Mar 2026: ¥794.7M¥794.7MFY22FY23FY24FY25FY26
Operating margin4.3%
FY ending Mar 2022: 4.7%4.7%FY ending Mar 2023: 4.8%4.8%FY ending Mar 2024: 3.8%3.8%FY ending Mar 2025: 0.4%0.4%FY ending Mar 2026: 4.3%4.3%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.1%
Asset turnover0.95×
ROA3.0%
ROA3.0%
Financial leverage1.71×
ROE5.0%

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

Net margin3.1%
2022: 5.2%5.2%2023: 4.4%4.4%2024: 2.8%2.8%2025: 0.7%0.7%2026: 3.1%3.1%2223242526
Asset turnover0.95×
2022: 0.97×0.97×2023: 0.98×0.98×2024: 0.88×0.88×2025: 0.84×0.84×2026: 0.95×0.95×2223242526
ROA3.0%
2022: 5.0%5.0%2023: 4.3%4.3%2024: 2.5%2.5%2025: 0.6%0.6%2026: 3.0%3.0%2223242526
Financial leverage1.71×
2022: 1.78×1.78×2023: 1.85×1.85×2024: 1.84×1.84×2025: 1.72×1.72×2026: 1.71×1.71×2223242526
ROE5.0%
2022: 8.9%8.9%2023: 7.9%7.9%2024: 4.5%4.5%2025: 1.1%1.1%2026: 5.0%5.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.2%0.97×5.0%1.78×8.9%
20234.4%0.98×4.3%1.85×7.9%
20242.8%0.88×2.5%1.84×4.5%
20250.7%0.84×0.6%1.72×1.1%
20263.1%0.95×3.0%1.71×5.0%

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 ÷ revenue36.5%
2021: 37.5%37.5%2022: 27.1%27.1%2023: 26.3%26.3%2024: 28.0%28.0%2025: 38.3%38.3%2026: 36.5%36.5%212223242526
PPE ÷ total assets33.4%
2021: 30.8%30.8%2022: 26.2%26.2%2023: 24.0%24.0%2024: 25.3%25.3%2025: 33.2%33.2%2026: 33.4%33.4%212223242526

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¥470M
2021: ¥415M¥415M2022: ¥469M¥469M2023: ¥496M¥496M2024: ¥512M¥512M2025: ¥487M¥487M2026: ¥470M¥470M212223242526
R&D / revenue2.6%
2021: 3.2%3.2%2022: 2.7%2.7%2023: 2.7%2.7%2024: 2.9%2.9%2025: 3.0%3.0%2026: 2.6%2.6%212223242526
Receivable days55d
2021: 83d83d2022: 88d88d2023: 81d81d2024: 62d62d2025: 63d63d2026: 55d55d212223242526
Payable days28d
2021: 27d27d2022: 29d29d2023: 29d29d2024: 23d23d2025: 28d28d2026: 28d28d212223242526

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
Revenue17,09918,61917,66716,03018,293
Cost of revenue13,91615,13114,42613,44014,934
Gross profit3,1833,4883,2412,5893,358
SG&A2,3772,5872,5632,5202,564
Operating income80690167870795
Pretax income1,0571,055733236846
Income tax172239240117278
Net income attributable to owners884816493118568
Operating margin4.7%4.8%3.8%0.4%4.3%

Balance sheet (reported items)

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

Assets

Cash 17%
Receivables 14%
Property, plant and equipment 33%
0%
6%
Other assets 30%

Funding

6%
Other liabilities 31%
Equity 63%
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¥2.53B¥4.25B¥4.93B¥2.51B¥3.35B
Total assets¥17.7B¥20.4B¥19.5B¥18.5B¥20B
Net assets¥10.4B¥11.1B¥11.7B¥11.9B¥12.6B
Share capital¥893.7M¥901.7M¥908.9M¥915.2M¥921.6M
Trade receivables¥4.11B¥4.11B¥2.99B¥2.75B¥2.76B
Property, plant and equipment¥4.64B¥4.9B¥4.94B¥6.14B¥6.67B
Intangible assets excluding goodwill¥101.8M¥111.2M¥99.8M¥84.7M¥68M
Investment securities¥1.15B¥1.3B¥1.16B¥974.1M¥1.14B
Current assets¥11.2B¥13.5B¥12.8B¥10.8B¥11.7B
Current liabilities¥5.17B¥5.92B¥5.06B¥4.35B¥4.98B
Trade payables¥1.1B¥1.19B¥908M¥1.04B¥1.15B
Short-term borrowings¥370.6M¥500M¥402.4M¥312.2M¥412.2M
Long-term borrowings¥486.7M¥1.6B¥1.06B¥591.7M¥530.1M
Total liabilities¥7.31B¥9.31B¥7.82B¥6.61B¥7.37B
Equity attributable to owners of parent¥9.93B¥10.6B¥11B¥11B¥11.5B
Retained earnings¥7.27B¥7.97B¥8.34B¥8.33B¥8.79B
Treasury stock-¥79.1M-¥79.1M-¥79.1M-¥79.1M-¥79.1M

Sources

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

    有価証券報告書-第69期(2025/04/01-2026/03/31)

    ID S100YE1K2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第68期(2024/04/01-2025/03/31)

    ID S100VZWU2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(2023/04/01-2024/03/31)

    ID S100TNQE2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2022/04/01-2023/03/31)

    ID S100QYOY2023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(令和3年4月1日-令和4年3月31日)

    ID S100OB772022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第64期(令和2年4月1日-令和3年3月31日)

    ID S100LJSO2021-06-21Open

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