Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Q1 FY03/26 orders decreased 2.6% YoY to JPY68.9bn, while order backlogs increased 4.0% YoY to JPY229.9bn.</li><li>Consolidated revenue rose 2.5% YoY to JPY49.7bn, driven by a 14.0% increase in Industrial HVAC revenue.</li><li>Gross profit surged 23.5% YoY to JPY8.9bn, with a record-high gross profit margin of 17.8%, improving by 3.0pp.</li></ul>

Q1 FY03/26 orders decreased 2.6% YoY to JPY68.9bn, while order backlogs increased 4.0% YoY to JPY229.9bn.Consolidated revenue rose 2.5% YoY to JPY49.7bn, driven by a 14.0% increase in Industrial HVAC revenue.Gross profit surged 23.5% YoY to JPY8.9bn, with a record-high gross profit margin of 17.8%, improving by 3.0pp.

Sanki Engineering (1961 JP): Q1 FY03/26 flash update

<ul><li>FY03/25 results: Orders JPY265.0bn (+14.0% YoY), revenue JPY253.1bn (+14.1% YoY), gross profit JPY47.5bn (+37.1% YoY).</li><li>FY03/26 forecast: Orders JPY240.0bn (-9.4% YoY), revenue JPY250.0bn (-1.2% YoY), gross profit JPY51.5bn (+8.4% YoY).</li><li>Medium-term plan: Revenue JPY300.0bn, operating profit JPY30.0bn, EPS JPY430 or higher, ROE 16.0% or higher.</li></ul>

FY03/25 results: Orders JPY265.0bn (+14.0% YoY), revenue JPY253.1bn (+14.1% YoY), gross profit JPY47.5bn (+37.1% YoY).FY03/26 forecast: Orders JPY240.0bn (-9.4% YoY), revenue JPY250.0bn (-1.2% YoY), gross profit JPY51.5bn (+8.4% YoY).Medium-term plan: Revenue JPY300.0bn, operating profit JPY30.0bn, EPS JPY430 or higher, ROE 16.0% or higher.

Sanki Engineering (1961 JP): Full-year FY03/25 flash update

<ul><li>Consolidated orders rose 20.4% YoY to JPY151.0bn, with significant growth in HVAC, Plumbing, and Electrical Systems.</li><li>Sanki Engineering revised FY03/25 forecasts, projecting JPY230.0bn orders and JPY245.0bn revenue, indicating strong demand and efficiency.</li><li>The company increased its annual dividend forecast to JPY111.0 per share, reflecting improved profitability and revenue expectations.</li></ul>

Consolidated orders rose 20.4% YoY to JPY151.0bn, with significant growth in HVAC, Plumbing, and Electrical Systems.Sanki Engineering revised FY03/25 forecasts, projecting JPY230.0bn orders and JPY245.0bn revenue, indicating strong demand and efficiency.The company increased its annual dividend forecast to JPY111.0 per share, reflecting improved profitability and revenue expectations.

Sanki Engineering (1961 JP): 1H FY03/25 flash update

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

<p>80% of this company’s business is facility construction, the bulk of which is heating, ventilation and air-conditioning (HVAC) work. About 50% is renewal and 50% is for new buildings, though over the last few years new work is a larger proportion given strong pre-Olympic demand. The company has about 10% share of the market for public works, completing with Daidan (1980), Taikisha (1979), Takasago Thermal (1969) and Shin Nippon Air Technologies (1952).</p><p>In 2006 it had sales of Y240bn, last year…</p>

80% of this company’s business is facility construction, the bulk of which is heating, ventilation and air-conditioning (HVAC) work. About 50% is renewal and 50% is for new buildings, though over the last few years new work is a larger proportion given strong pre-Olympic demand. The company has about 10% share of the market for public works, completing with Daidan (1980), Taikisha (1979), Takasago Thermal (1969) and Shin Nippon Air Technologies (1952).In 2006 it had sales of Y240bn, last year…

Sanki Engineering (1961) Buy Backs and Share Cancellations Look Set to Continue.

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

<p>With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We went back over the last 7 years to find which companies historical wait until the last minute to adjust numbers. To eliminate noise we only screened for Net Income guidance changes greater than absolute 10%.</p><h2>Screen Criteria</h2><ol>
<li>Earnings Results were always announced in May (Do want to pick up any rollovers)</li>
<li>Only March year-end names</li>
<li>The guidance change is…</li>
</ol>

With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We went back over the last 7 years to find which companies historical wait until the last minute to adjust numbers. To eliminate noise we only screened for Net Income guidance changes greater than absolute 10%.Screen Criteria
Earnings Results were always announced in May (Do want to pick up any rollovers)
Only March year-end names
The guidance change is…


Which Companies in Japan Revise Guidance in April....

Japan

Sanki Engineering Co., Ltd. performs electrical engineering works in buildings and plants.  Those works include air-conditioning and data communication facilities.  The Company, a member of the Mitsui Group, also constructs water supply and sanitation facilities.  Sanki, through its subsidiaries, operates real estate businesses.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sanki Engineering (1961 JP)