DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 4, 2026
Company name: Sanshin Electronics Co., Ltd. Listing: Tokyo Stock Exchange
Securities code: 8150
URL: http://www.sanshin.co.jp
Representative: Toshiro Suzuki, Representative Director, CEO
Inquiries: Jun-ichi Murakami, Director, Senior Executive Officer and Senior General Manager of Finance & Accounting Division Telephone: +81-3-3453-5111
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Nine months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
December 31, 2025
128,513
11.7
4,576
16.1
4,003
21.7
3,323
40.4
December 31, 2024
115,028
6.2
3,939
0.8
3,289
31.4
2,366
34.9
Note: Comprehensive income For the nine months ended December 31, 2025:
¥5,327 million
[48.0%]
For the nine months ended December 31, 2024:
¥3,598 million
[17.8%]
Basic earnings per share
Diluted earnings per share
Nine months ended
Yen
Yen
December 31, 2025
271.62
-
December 31, 2024
193.72
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
December 31, 2025
85,871
44,107
51.3
March 31, 2025
84,049
40,551
48.2
Reference: Equity
As of December 31, 2025: ¥44,048 million
As of March 31, 2025: ¥40,485 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
30.00
-
105.00
135.00
Fiscal year ending March 31, 2026
-
40.00
-
Fiscal year ending March 31, 2026 (Forecast)
110.00
150.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending March 31, 2026 | Millions of yen 164,000 | % 4.2 | Millions of yen 5,500 | % (5.0) | Millions of yen 4,900 | % (0.7) | Millions of yen 3,900 | % 10.7 | Yen 318.56 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2025
16,281,373 shares
As of March 31, 2025
16,281,373 shares
Number of treasury shares at the end of the period
As of December 31, 2025
4,038,755 shares
As of March 31, 2025
4,050,682 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2025 | 12,236,451 shares |
Nine months ended December 31, 2024 | 12,216,613 shares |
Note: The number of treasury shares at the end of the fiscal year includes directors (excluding directors who are members of the Audit and Supervisory Committee and outside directors). The Company's shares (111,800 shares in the third quarter of the fiscal year ending March 31, 2026 and 123,800 shares in the fiscal year ending March 31, 2025) held by the trust related to the performance-linked stock-based compensation plan. In addition, the Company's shares held by the Trust are included in the treasury stock deducted in the calculation of the average number of shares during the period (117,996 shares in the third quarter of the fiscal year ending March 31, 2026 and 137,948 shares in the third quarter of the fiscal year ending March 31, 2025).
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None
Proper use of earnings forecasts, and other special matters
Forward-looking statements, such as earnings forecasts, contained in this material are forward-looking statements based on information available at the time of publication, and are not intended to be a promise by the Company to realize them. In addition, actual results may differ from forecasts due to various factors.
Matters related to earnings forecasts are referred to in Appendix P.3 "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2025 As of December 31, 2025Assets | ||
Current assets | ||
Cash and deposits | 9,361 | 7,977 |
Notes and accounts receivable - trade, and contract assets | 38,533 | 41,135 |
Electronically recorded monetary claims - operating | 2,095 | 2,345 |
Merchandise | 19,750 | 18,705 |
Partly-finished work | 5 | 183 |
Other | 5,161 | 5,282 |
Allowance for doubtful accounts | (29) | (36) |
Total current assets | 74,878 | 75,592 |
Non-current assets | ||
Property, plant and equipment | 6,067 | 6,227 |
Intangible assets | 247 | 305 |
Investments and other assets | ||
Retirement benefit asset | 353 | 364 |
Other | 2,512 | 3,385 |
Allowance for doubtful accounts | (10) | (4) |
Total investments and other assets | 2,854 | 3,745 |
Total non-current assets | 9,170 | 10,278 |
Total assets | 84,049 | 85,871 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 15,558 | 15,130 |
Short-term borrowings | 24,121 | 21,984 |
Income taxes payable | 846 | 750 |
Provisions | 675 | 370 |
Other | 1,567 | 2,182 |
Total current liabilities | 42,768 | 40,419 |
Non-current liabilities | ||
Other | 729 | 1,344 |
Total non-current liabilities | 729 | 1,344 |
Total liabilities | 43,497 | 41,763 |
Net assets | ||
Shareholders' equity | ||
Share capital | 14,811 | 14,811 |
Capital surplus | 16 | 16 |
Retained earnings | 28,553 | 30,085 |
Treasury shares | (8,712) | (8,691) |
Total shareholders' equity | 34,668 | 36,221 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,038 | 1,644 |
Deferred gains or losses on hedges | 26 | (57) |
Foreign currency translation adjustment | 4,536 | 6,021 |
Remeasurements of defined benefit plans | 215 | 219 |
Total accumulated other comprehensive income | 5,816 | 7,827 |
Non-controlling interests | 65 | 58 |
Total net assets | 40,551 | 44,107 |
Total liabilities and net assets | 84,049 | 85,871 |
Quarterly consolidated statement of income | (Millions of yen) | ||
Nine months ended December 31, 2024 | Nine months ended December 31, 2025 | ||
Net sales | 115,028 | 128,513 | |
Cost of sales | 103,163 | 115,414 | |
Gross profit | 11,865 | 13,099 | |
Selling, general and administrative expenses | 7,925 | 8,523 | |
Operating profit | 3,939 | 4,576 | |
Non-operating income | |||
Interest income | 119 | 108 | |
Dividend income | 37 | 43 | |
Other | 60 | 78 | |
Total non-operating income | 218 | 230 | |
Non-operating expenses | |||
Interest expenses | 478 | 362 | |
Foreign exchange losses | 337 | 418 | |
Other | 51 | 22 | |
Total non-operating expenses | 868 | 803 | |
Ordinary profit | 3,289 | 4,003 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | 1,082 | |
Gain on sale of investment securities | 73 | - | |
Gain on extinguishment of tie-in shares | 8 | - | |
Total extraordinary income | 82 | 1,082 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | - | 0 | |
Loss on sale of investment securities | 70 | - | |
Loss from money transfer scam at foreign subsidiary | - | 263 | |
Total extraordinary losses | 70 | 263 | |
Profit before income taxes | 3,301 | 4,822 | |
Income taxes - current | 722 | 1,365 | |
Income taxes - deferred | 211 | 139 | |
Total income taxes | 934 | 1,505 | |
Profit | 2,366 | 3,316 | |
Loss attributable to non-controlling interests | (0) | (7) | |
Profit attributable to owners of parent | 2,366 | 3,323 |
Quarterly consolidated statement of comprehensive income | (Millions of yen) | ||
Nine months ended December 31, 2024 | Nine months ended December 31, 2025 | ||
Profit | 2,366 | 3,316 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 54 | 605 | |
Deferred gains or losses on hedges | (73) | (83) | |
Foreign currency translation adjustment | 1,255 | 1,484 | |
Remeasurements of defined benefit plans, net of tax | (4) | 4 | |
Total other comprehensive income | 1,231 | 2,010 | |
Comprehensive income | 3,598 | 5,327 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 3,598 | 5,334 | |
Comprehensive income attributable to non-controlling interests | (0) | (7) |
(Notes on segment information, etc.) Segment Information
The nine months of the previous fiscal year (April 1, 2024 to December 31, 2024)
Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Device Business
Solution Business
Total
Sales
Revenues from external customers Transactions with other segments
104,381
-
10,647
-
115,028
-
Total
104,381
10,647
115,028
Segment Profit
2,336
952
3,289
Note: Segment profit is consistent with ordinary income in the quarterly consolidated statements of income.
The nine months of the current fiscal year (April 1, 2025 to December 31, 2025)
Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Device Business | Solution Business | Total | |
Sales Revenues from external customers Transactions with other segments | 114,006 - | 14,506 - | 128,513 - |
Total | 114,006 | 14,506 | 128,513 |
Segment Profit | 1,978 | 2,024 | 4,003 |
Note: Segment profit is consistent with ordinary income in the quarterly consolidated statements of income.