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.
November 6, 2025
Company name: SATOSHOJI CORPORATION Listing: Tokyo Stock Exchange
Securities code: 8065
URL: https://www.satoshoji.co.jp
Representative: Tetsuo Nozawa, Representative Director, President Inquiries: Akihito Okeda, General Manager of Financial Dept. Telephone: +81-3-5218-5312
Scheduled date to file semi-annual securities report: November 7, 2025
Scheduled date to commence dividend payments: December 2, 2025
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
-
Consolidated operating results(cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
September 30, 2025
142,373
1.8
3,229
16.3
3,520
15.6
2,930
3.7
September 30, 2024
139,794
3.2
2,775
(2.3)
3,045
(2.5)
2,826
1.4
Note: Comprehensive income For the six months ended September 30, 2025:
¥4,322 million
[203.4%]
For the six months ended September 30, 2024:
¥1,424 million
[(73.6)%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
139.38
137.48
September 30, 2024
134.18
131.69
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
September 30, 2025
171,799
71,939
41.7
March 31, 2025
171,143
68,454
39.8
Reference: Equity
As of September 30, 2025: ¥71,638 million
As of March 31, 2025: ¥68,143 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
-
34.00
-
42.00
76.00
Fiscal year ending March 31, 2026
-
38.00
Fiscal year ending
March 31, 2026 (Forecast)
38.00
76.00
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 | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
290,000 | 1.9 | 6,800 | (0.3) | 7,200 | 0.1 | 5,600 | (6.9) | 266.14 | |
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 semi-annual 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 September 30, 2025
21,799,050 shares
As of March 31, 2025
21,799,050 shares
Number of treasury shares at the end of the period
As of September 30, 2025
739,164 shares
As of March 31, 2025
813,079 shares
Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 21,028,224 shares |
Six months ended September 30, 2024 | 21,068,046 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ
substantially due to various factors. For the conditions on which earnings forecasts are predicated and precautions for using earnings forecasts, please refer to "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
Semi-annual consolidated balance sheet(Millions of yen)
As of March 31, 2025 | As of September 30, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 3,912 | 4,848 |
Notes receivable - trade | 3,110 | 2,175 |
Electronically recorded monetary claims - operating | 27,133 | 26,597 |
Accounts receivable - trade | 54,952 | 53,709 |
Merchandise and finished goods | 29,453 | 30,612 |
Other | 7,321 | 5,486 |
Allowance for doubtful accounts | (287) | (304) |
Total current assets | 125,596 | 123,125 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 6,991 | 8,963 |
Land | 14,320 | 14,365 |
Other, net | 3,275 | 2,439 |
Total property, plant and equipment | 24,587 | 25,768 |
Intangible assets | 208 | 197 |
Investments and other assets | ||
Investment securities | 17,927 | 19,587 |
Deferred tax assets | 96 | 86 |
Retirement benefit asset | 1,165 | 1,144 |
Other | 1,676 | 1,994 |
Allowance for doubtful accounts | (114) | (105) |
Total investments and other assets | 20,751 | 22,708 |
Total non-current assets | 45,547 | 48,673 |
Total assets | 171,143 | 171,799 |
(Millions of yen)
As of March 31, 2025 | As of September 30, 2025 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 49,605 | 49,032 |
Electronically recorded obligations - operating | 9,137 | 8,707 |
Short-term borrowings | 26,061 | 26,785 |
Income taxes payable | 1,537 | 1,233 |
Contract liabilities | 1,550 | 895 |
Provision for bonuses | 1,903 | 1,664 |
Other | 2,462 | 2,249 |
Total current liabilities | 92,257 | 90,569 |
Non-current liabilities | ||
Long-term borrowings | 6,141 | 4,402 |
Deferred tax liabilities | 3,767 | 4,389 |
Retirement benefit liability | 217 | 232 |
Provision for retirement benefits for directors (and other officers) | 60 | 17 |
Other | 244 | 249 |
Total non-current liabilities | 10,431 | 9,291 |
Total liabilities | 102,688 | 99,860 |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,321 | 1,321 |
Capital surplus | 732 | 695 |
Retained earnings | 56,376 | 58,426 |
Treasury shares | (1,006) | (915) |
Total shareholders' equity | 57,423 | 59,527 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 8,599 | 9,905 |
Deferred gains or losses on hedges | (6) | 1 |
Foreign currency translation adjustment | 2,126 | 2,202 |
Total accumulated other comprehensive income | 10,720 | 12,110 |
Share acquisition rights | 293 | 282 |
Non-controlling interests | 17 | 19 |
Total net assets | 68,454 | 71,939 |
Total liabilities and net assets | 171,143 | 171,799 |
(Millions of yen)
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Net sales | 139,794 | 142,373 |
Cost of sales | 129,192 | 131,049 |
Gross profit | 10,601 | 11,324 |
Selling, general and administrative expenses | 7,826 | 8,095 |
Operating profit | 2,775 | 3,229 |
Non-operating income | ||
Interest income | 14 | 22 |
Dividend income | 358 | 361 |
Rental income | 52 | 49 |
Purchase discounts | 20 | 23 |
Share of profit of entities accounted for using equity method | 28 | 23 |
Other | 55 | 35 |
Total non-operating income | 529 | 516 |
Non-operating expenses | ||
Interest expenses | 157 | 162 |
Loss on sale of trade receivables | 1 | 1 |
Rental expenses | 34 | 34 |
Foreign exchange losses | 10 | 4 |
Other | 55 | 22 |
Total non-operating expenses | 259 | 224 |
Ordinary profit | 3,045 | 3,520 |
Extraordinary income | ||
Gain on sale of non-current assets | 477 | 2 |
Gain on sale of investment securities | 525 | 517 |
Subsidy income | - | 50 |
Total extraordinary income | 1,003 | 570 |
Extraordinary losses | ||
Loss on sale and retirement of non-current assets | 5 | 3 |
Loss on valuation of investment securities | 3 | - |
Loss on sale of investment securities | 6 | 3 |
Loss on sale of shares of subsidiaries | 68 | - |
Total extraordinary losses | 83 | 7 |
Profit before income taxes | 3,965 | 4,083 |
Income taxes - current | 1,069 | 1,123 |
Income taxes - deferred | 67 | 27 |
Total income taxes | 1,137 | 1,151 |
Profit | 2,827 | 2,931 |
Profit attributable to non-controlling interests | 1 | 0 |
Profit attributable to owners of parent | 2,826 | 2,930 |
(Millions of yen)
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Profit | 2,827 | 2,931 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (1,691) | 1,306 |
Deferred gains or losses on hedges | (3) | 8 |
Foreign currency translation adjustment | 279 | 61 |
Share of other comprehensive income of entities accounted for using equity method | 12 | 14 |
Total other comprehensive income | (1,402) | 1,390 |
Comprehensive income | 1,424 | 4,322 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 1,422 | 4,321 |
Comprehensive income attributable to non-controlling interests | 2 | 1 |
(Millions of yen)
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 3,965 | 4,083 |
Depreciation | 514 | 647 |
Increase (decrease) in allowance for doubtful accounts | 28 | 8 |
Increase (decrease) in provision for retirement benefits for directors (and other officers) | (0) | (42) |
Decrease (increase) in retirement benefit asset | 47 | 20 |
Increase (decrease) in retirement benefit liability | 5 | 12 |
Interest and dividend income | (373) | (383) |
Interest expenses | 157 | 162 |
Share of loss (profit) of entities accounted for using equity method | (28) | (23) |
Subsidy income | - | (50) |
Loss (gain) on sale of investment securities | (518) | (514) |
Loss (gain) on sale of shares of subsidiaries and associates | 68 | - |
Loss (gain) on sale and retirement of non-current assets | (472) | 1 |
Decrease (increase) in trade receivables | 3,795 | 2,458 |
Decrease (increase) in inventories | (570) | (1,125) |
Increase (decrease) in trade payables | (6,725) | (885) |
Other, net | (552) | 655 |
Subtotal | (659) | 5,026 |
Interest and dividends received | 372 | 384 |
Interest paid | (160) | (162) |
Subsidies received | - | 10 |
Income taxes paid | (1,055) | (1,369) |
Net cash provided by (used in) operating activities | (1,503) | 3,888 |
(Millions of yen)
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | (3,118) | (2,056) |
Proceeds from sale of property, plant and equipment | 585 | 2 |
Purchase of intangible assets | (7) | (48) |
Proceeds from sale of intangible assets | - | 0 |
Purchase of investment securities | (111) | (12) |
Proceeds from sale of investment securities | 738 | 814 |
Loan advances | (151) | (42) |
Proceeds from collection of loans receivable | 159 | 87 |
Purchase of shares of subsidiaries and associates | (444) | - |
Purchase of shares of subsidiaries | (34) | - |
Proceeds from sale of shares of subsidiaries | 42 | - |
Other, net | 33 | 11 |
Net cash provided by (used in) investing activities | (2,309) | (1,243) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | 6,746 | 2,293 |
Repayments of long-term borrowings | (1,361) | (3,226) |
Purchase of treasury shares | (123) | (0) |
Dividends paid | (861) | (881) |
Other, net | 236 | 80 |
Net cash provided by (used in) financing activities | 4,636 | (1,733) |
Effect of exchange rate change on cash and cash equivalents | 28 | 25 |
Net increase (decrease) in cash and cash equivalents | 852 | 936 |
Cash and cash equivalents at beginning of period | 3,115 | 3,912 |
Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation | 315 | - |
Cash and cash equivalents at end of period | 4,283 | 4,848 |
(Segment information)
Previous interim consolidated accounting period (April 1, 2024 to September 30, 2024) Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Iron and steel
Non-ferrous Metals
Electronic
LIFE sales
Machinery and Tools
Business Development
Interim Consolidated Statements of Income (Note)
Sales
Revenues from external customers
89,342
21,146
19,877
4,265
2,933
2,228
139,794
Transactions with other segments
-
-
-
-
-
-
-
Total
89,342
21,146
19,877
4,265
2,933
2,228
139,794
Segment Profit
1,528
151
874
102
26
91
2,775
Note: Segment profit is consistent with operating income in the interim consolidated statements of income.
The Interim Consolidated Accounting Period (April 1, 2025 to September 30, 2025) Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Iron and steel | Non-ferrous Metals | Electronic | LIFE sales | Machinery and Tools | Business Development | Interim Consolidate Statements of Income (Note) | |
Sales | |||||||
Revenues from external customers | 88,960 | 19,085 | 22,949 | 5,423 | 3,378 | 2,575 | 142,373 |
Transactions with other segments | - | - | - | - | - | - | - |
Total | 88,960 | 19,085 | 22,949 | 5,423 | 3,378 | 2,575 | 142,373 |
Segment profit (loss) | 1,348 | 251 | 1,261 | 293 | (27) | 101 | 3,229 |
Note: Segment profit or loss (loss) is consistent with operating income in the interim consolidated statements of income.