ShinshoShinsho Corporation8075東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Shinsho FY ending Mar 2026 results

About 42% of Shinsho's sales come from Metars segments, with Steel and Non-Ferrous making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed -1.5% from the prior year, operating profit -12.4%.

Revenue and profit pattern

Revenue and profit down

Revenue -1.5% · profit -12.4%, calculated from disclosed figures.

Operating leverage: 8.50× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-1.5%¥617.2B → ¥608.1B
Gross profit
-2.3%¥40.4B → ¥39.5B
Operating income
-12.4%¥13.2B → ¥11.6B
Net income attributable to owners
-3.2%¥8.56B → ¥8.29B
Operating cash flow
+20.9%¥6.99B → ¥8.45B
Free cash flow
+11.9%¥5.68B → ¥6.35B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥608.1B, down -1.5% from ¥617.2B.
  • Operating income dropped harder, from ¥13.2B to ¥11.6B (-12.4%), while net income eased only -3.2% to ¥8.29B.
  • Cash generation improved: operating cash flow rose from ¥6.99B to ¥8.45B (+20.9%), and free cash flow reached ¥6.35B.

What drove the change

  • Steel sales and profit fell as construction demand weakened and steel prices declined
  • The raw materials unit swung to a small loss: lower Kobe Steel output pushed down ore prices and recycling margins shrank
  • Machinery grew, helped by more compressors and decarbonization equipment in Japan and LNG-related equipment in the US

Things to watch

  • A large share of purchases comes from the Kobe Steel group, so its performance directly affects Shinsho
  • Many products are priced off commodity markets, so price swings can move profits
  • Foreign-currency trades carry exchange-rate risk that hedging cannot fully remove

Annual securities report, 108th fiscal term / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report, 108th fiscal term / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Shinsho sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥93
SG&A
¥5
Operating profit
¥2
Net profit kept
¥1

Annual margin trends

Gross margin6.5%
FY ending Mar 2021: 3.4%3.4%FY ending Mar 2022: 6.8%6.8%FY ending Mar 2023: 6.6%6.6%FY ending Mar 2024: 6.6%6.6%FY ending Mar 2025: 6.5%6.5%FY ending Mar 2026: 6.5%6.5%FY21FY22FY23FY24FY25FY26
Operating margin1.9%
FY ending Mar 2021: 0.6%0.6%FY ending Mar 2022: 2.0%2.0%FY ending Mar 2023: 2.3%2.3%FY ending Mar 2024: 2.2%2.2%FY ending Mar 2025: 2.1%2.1%FY ending Mar 2026: 1.9%1.9%FY21FY22FY23FY24FY25FY26
Net margin1.4%
FY ending Mar 2021: 0.3%0.3%FY ending Mar 2022: 1.4%1.4%FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: 1.5%1.5%FY ending Mar 2025: 1.4%1.4%FY ending Mar 2026: 1.4%1.4%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108期(2025/04/01-2026/03/31)

    ID S100YEV42026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第107期(2024/04/01-2025/03/31)

    ID S100W3WK2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第106期(2023/04/01-2024/03/31)

    ID S100TT052024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第105期(2022/04/01-2023/03/31)

    ID S100R12S2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第104期(令和3年4月1日-令和4年3月31日)

    ID S100OD5V2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第103期(令和2年4月1日-令和3年3月31日)

    ID S100LP6G2021-06-25Open

Extracted from XBRL: 53 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.