67 Corporate Data
Key Performance Indicator Summary*Figures have been rounded and are for reference only.
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Operating Results (¥ million)
Net sales | 244,567 | 237,036 | 217,122 | 289,340 | 342,254 | 348,282 | 317,118 |
Gross profit | 30,272 | 32,772 | 33,840 | 34,406 | 33,336 | 32,383 | 39,177 |
Selling, general and administrative expenses | 28,500 | 30,318 | 30,905 | 31,926 | 32,440 | 33,095 | 35,168 |
Operating profit | 1,771 | 2,454 | 2,935 | 2,480 | 895 | - 711 | 4,009 |
Ordinary profit | 2,158 | 2,203 | 3,023 | 3,272 | 1,227 | 93 | 4,483 |
Profit attributable to owners of parent | 1,588 | 2,989 | 2,717 | 2,487 | 478 | - 1,039 | 3,153 |
Financial Position (¥ million)
Total assets | 91,112 | 90,611 | 96,834 | 104,908 | 101,350 | 108,480 | 105,934 |
Net assets | 47,388 | 48,821 | 51,905 | 54,381 | 53,631 | 53,315 | 55,230 |
Interest-bearing debt | 9,349 | 10,348 | 5,912 | 3,886 | 5,421 | 10,781 | 4,043 |
Cash Flow (¥ million)
Cash flow from operating activities | 5,214 | 569 | 7,947 | 1,133 | 389 | - 945 | 10,531 |
Cash flow from investing activities | - 1,302 | - 1,094 | 36 | 2,154 | - 698 | - 1,667 | - 2,762 |
Cash flow from financing activities | - 2,256 | - 778 | - 5,504 | - 3,120 | 435 | 4,275 | - 7,594 |
Free cash flow | 3,912 | - 524 | 7,984 | 3,287 | - 309 | - 2,612 | 7,768 |
Cash and cash equivalents at the end of the fiscal year | 8,768 | 7,385 | 9,765 | 9,948 | 9,927 | 11,583 | 11,705 |
Per Share Information (¥)
Profit | 146.00 | 274.84 | 249.83 | 228.33 | 43.82 | - 95.53 | 289.93 |
Net assets | 4,323.50 | 4,425.87 | 4,707.96 | 4,922.46 | 4,902.63 | 4,900.02 | 5,075.05 |
Dividend | 75 | 75 | 75 | 75 | 75 | 75 | 90 |
Dividend payout ratio (%) | 51.4 | 27.3 | 30.0 | 32.8 | 171.2 | - | 31.0 |
Management Indicators (%)
Operating profit to net sales | 0.7 | 1.0 | 1.4 | 0.9 | 0.3 | - 0.2 | 1.3 |
Return on equity (ROE) | 3.4 | 6.3 | 5.5 | 4.7 | 0.9 | - 1.9 | 5.8 |
Return on assets (ROA) | 2.3 | 2.4 | 3.2 | 3.2 | 1.2 | 0.1 | 4.2 |
Equity ratio | 51.6 | 53.1 | 52.9 | 51.2 | 52.9 | 49.1 | 52.1 |
Interest coverage ratio (times) | 44.6 | 5.1 | 65.4 | 12.3 | 4.6 | - 9.9 | 121.2 |
Price to earnings ratio (PER) (times) | 14.4 | 9.5 | 12.2 | 14.4 | 73.1 | - | 20.6 |
Sales Volume/Number of Contracts*
Kerosene (thousand kl) | 1,400 | 1,400 | 1,400 | 1,400 | 1,300 | 1,300 | 1,300 | |
Reference Industry (thousand kl) | 14,000 | 15,000 | 14,000 | 13,000 | 12,000 | 12,000 | 11,000 | |
Petroleum | Diesel oil (thousand kl) | 200 | 200 | 200 | 200 | 200 | 300 | 300 |
Fuel oil (thousand kl) | 400 | 300 | 400 | 400 | 400 | 500 | 400 | |
Gasoline (thousand kl) | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |
Gas | LP gas (t) | 480,000 | 460,000 | 420,000 | 440,000 | 460,000 | 500,000 | 480,000 |
Electricity | Low-voltage electricity (contracts) | - | 32,000 | 45,000 | 54,000 | 68,000 | 54,000 | 50,000 |
High-voltage electricity (contracts) | - | - | 1,100 | 1,100 | 2,100 | 2,300 | 1,800 |
68
(left axis/¥ billion) (right axis/¥ billion)
(¥ billion) (¥ billion)
Operating Profit Variance Analysis
BtoB Business
Non-Energy Business
Other/ Adjustment
(¥ billion)
Returning to Profitability Through Plan Transition and Management System Reform in the Electricity Business
In fiscal 2024, although revenue declined due to lower electricity sales volumes
289.3
317.1
244.5 237..0
217.1
1.7
2.4
2.9
2.4
4.0
0.8
400
300
200
100
0
20
342.2 348.2
15
10
5
0
-0.7
0
'23
+4.6
-0.2
+0.1 +4.0
BtoC Business -0.7 +0.1 | Electricity gross profit +3.8 Petroleum gross profit +0.5 | |||
'24 (FY)
and other factors, we returned to profitability, thanks to significant profit growth, primarily in the electricity business, where the shift to market-linked plans and management system reforms made a substantial contribution. In the Retail/Wholesale Energy & Related Business, we will continue to enhance profitability by redeveloping domestic business foundations in preparation for the integration of core businesses in April 2026. In the Energy Solution Business, we will improve business optimization and logistics efficiency through system implementation. Meanwhile, the Non-Energy Business experienced decreased profits despite revenue growth, mainly from the bicycle-sharing and compre-
-100
'18
'19
'20
'21
'22
'23
-5
'24 (FY)
hensive building maintenance businesses, due to higher selling, general and administrative expenses.
Profit Attributable to Owners of Parent | ROE | Net Assets | Shareholders' Equity | Equity Ratio | Cash and Deposits | Interest-Bearing Debt | Net Cash |
(left axis) | (right axis) | (left axis) | (left axis) | (right axis) |
(¥ billion)
6.0
4.5
3.0
0.9
3.4
6.3
2.9
5.5
2.4
2.7
4.7
5.8
3.1
(%)
8
6
4
(¥ billion)
51.6
53..1 52.9
51.2
52.9
49.1
52..1
47.3 47.0 48.8 48.1
51.9 51.2 54.3 53.6 53.6 53.6 53.3 53.2 55.2 55.2
80
60
(%)
60
45
(¥ billion)
15
10
9.0 9.3 10.3
7.7
10.0
5.9
10.2
6.4
10.2
5.4
11.8 11.9
10.7
7..8
1.5
0
-1.5
1.5
'18
'19
'20
'21
0.4
'22
-1.0
-1.9
'23
2
0
-2
'24 (FY)
40
20
0
'18
'19
'20
'21
'22
'23
30
15
0
'24 (FY)
5
0
-0.3
-5
'18
-2.6
'19
4..1
'20
3.8
'21
'22
4.8
'23
4.0
1.0
'24 (FY)
Market DataDomestic Demand
Source: Data compiled by Shared Research Inc.
(FY) | 1980 | 1985 | 1990 | 1995 | 2000 | 2005 | 2010 | 2015 | 2020 | 2021 | 2022 | 2023 | |
LP gas (thousand t) | 13,952 | 15,806 | 18,798 | 19,347 | 18,885 | 18,405 | 16,466 | 14,280 | 12,857 | 12,592 | 12,765 | 12,432 | |
Kerosene (thousand kl) | 23,565 | 25,307 | 26,701 | 30,017 | 29,917 | 28,265 | 20,332 | 15,946 | 14,498 | 13,518 | 12,249 | 11,798 | |
Electricity (GWh) | 520,251 | 599,306 | 765,602 | 881,559 | 982,066 | 1,043,800 | 1,056,441 | 955,345 | 863,159 | 881,515 | 866,540 | 849,635 | |
Sales Volume of New Power Source: Data compiled by Shared Research Inc. | |||||||||||||
(FY) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||||||
Electricity sales volume (GWh) | 847,906 | 860,294 | 849,732 | 832,362 | 820,947 | 836,778 | 806,472 | 802,585 | ||||||||
Year-on-year comparison (%) | - | 1.5 | - 1.2 | - 2.0 | - 1.4 | 1.9 | - 3.6 | - 0.5 | ||||||||
Of which, new power sales volume (GWh) | 66,602 | 102,042 | 122,632 | 128,926 | 153,624 | 179,160 | 155,311 | 134,416 | ||||||||
Year-on-year comparison (%) | - | 53.2 | 20.2 | 5.1 | 19.2 | 16.6 | - 13.3 | - 13.5 | ||||||||
Share (%) | 7.9 | 11.9 | 14.4 | 15.5 | 18.7 | 21.4 | 19.3 | 16.7 |
69 Corporate Data
Corporate Profile Corporate OverviewShareholder | Shares 2 (thousands) | Ownership Ratio*3 (%) |
UHPartners2 Co., Ltd. | 1,067 | 9.81 |
UHPartners3 Co., Ltd. | 818 | 7.52 |
SIL, Inc. | 815 | 7.49 |
Hikari Tsushin K.K. | 811 | 7.46 |
Cosmo Oil Marketing Co., Ltd. | 789 | 7.25 |
NOI Co., Ltd. | 705 | 6.49 |
Stock Information (as of March 31, 2025)
Number of Shares Authorized
Total Number of Issued Shares
Number of Shareholders
Owned*
47,520,600 11,946,591 3,973
Trade Name | Sinanen Holdings Co., Ltd. |
Head Office | 39-20, Higashi-Shinagawa 1-Chome, Shinagawa-ku, Tokyo 140-0002 Japan |
Established | April 11, 1927 |
Operations Commenced | April 25, 1934 |
President | Taro Nakagome |
Capital | ¥15.63 billion (as of March 31, 2025) |
Fiscal Year End | March 31 |
Number of Employees (Consolidated) Transfer Agent, Share Registrar, and Account Management Institution for Special Accounts | 3,454 (1,713 temporary employees included) (as of March 31, 2025) |
Mizuho Trust & Banking Co., Ltd. |
Treasury shares
8.9 %
Number of
Individuals and others
15.0%
Institutions outside Japan
Shareholders Financial institutions
4.6 %
Other Japanese corporations
56.7%
3,973
14.2%
Securities companies
0.3%
The Master Trust Bank of Japan, Ltd. (trust account)
689 6.34
Rating Institution Name Rating
Meiji Yasuda Life Insurance Company 672 6.18
Japan Credit Rating Agency, Ltd. Long-Term: A- / Outlook: Stable
Sinanen Group Business Partner Shareholding Association
430 3.95
External EvaluationIdemitsu Kosan Co., Ltd. 379 3.48
*1 Sinanen Holdings holds 1,067,826 shares of treasury stock but is excluded from the list of major shareholders above.
*2 Number of shares rounded down to the nearest thousand.
*3 Ownership ratios are calculated excluding the 1,067,826 shares of treasury stock
Stock Price of Sinanen Holdings (left axis) Stock price of Sinanen Holdings (¥)
TOPIX (point)
'20
'21
'22
'23
'24
'25 (FY)
8,000
6,000
4,000
2,000
0
TOPIX (left axis)
Trading volume of Sinanen Holdings (thousand shares)
2,000
1,500
1,000
500
0