Sanyo Homes Corporation [1420.T]
TOKYO, May 11 (Pulse News Wire) – Sanyo Homes Corporation (1420.T) reported its consolidated earnings for the fiscal year ending March 31, 2026, which showed lower sales compared to previous forecasts but higher operating profits. According to the company’s latest figures released today, revenue was ¥50.502 billion, down from the previously forecasted ¥60.999 billion.
Operating profit stood at ¥1.402 billion, up from the estimated ¥1.228 billion. Net income attributable to shareholders of the parent company was ¥1.402 billion, compared to the earlier projection of ¥1.641 billion. The earnings per share also saw an increase to ¥164 from the projected ¥151. The discrepancy in performance was attributed primarily to reduced orders in the residential sector during the first half of the fiscal year and delays in some condominium projects. Despite these challenges, the company managed to improve cost efficiency significantly, leading to a substantial rise in operating profit.
However, the decrease in overall sales volume could not be fully offset, resulting in a reduction in net income compared to initial expectations. In addition, while the residential division experienced a decline in sales due to lower volumes, the company's efforts to reduce marketing expenses contributed to improved profitability. Conversely, the condominium business saw a drop in sales but benefited from major improvements in cost rates and reduced selling costs, contributing to a significant boost in operating profits. As a result, ordinary profit and net profit both exceeded the prior estimates. This report reflects the company's ongoing efforts to optimize operations despite challenging market conditions.
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