Sanyodo Holdings Inc. [3058.T]
TOKYO, May 12 (Pulse News Wire) – Sanyodo Holdings Inc. (3058.T) reported higher-than-estimated net profit for the fiscal year ending March 31, 2026, despite recording special losses and tax adjustments.
The company recorded a special loss of ¥50 million in its consolidated results due to impairment losses on fixed assets, while individual results showed a loss of ¥46 million. Additionally, the firm recognized a tax adjustment expense of ¥61 million. Sales exceeded previous forecasts by ¥2 billion ¥49 million, reaching ¥172 billion ¥49 million, driven by strong performance across multiple departments such as trading cards, stationery, miscellaneous goods, and food. Operating profit and ordinary profit also surpassed initial expectations, leading to a net profit attributable to parent shareholders of ¥3 billion ¥40 million, despite the recognition of impairment losses and tax adjustments.
In comparison to the prior fiscal year's results, Sanyodo’s individual earnings saw a decline in sales revenue but significant increases in operating profit, ordinary profit, and net income. Revenue decreased slightly by 4 million yen, while operating profit rose by 28 million yen, ordinary profit increased by 30 million yen, and net income grew by 84 million yen. The improvements were attributed to reduced selling and administrative expenses, along with a recovery of bad debt provisions from subsidiaries totaling ¥46 million compared to ¥29 million in the previous year. However, the company also incurred additional impairment losses of ¥47 million and a tax adjustment expense of ¥15 million, resulting in a net income of ¥2 billion __NUM_40__ yen.
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