Sanyei Corp

Sanyei Corp's capital structure is characterized by a debt-to-equity ratio of 0.4, indicating a relatively conservative leverage position compared to the industry median of 0.6. The company holds JPY 4.44 billion in cash and equivalents, but this is offset by JPY 4.57 billion in long-term debt, resulting in a net cash position of negative JPY 130 million. The liquidity risk is rated as medium, with a current ratio of 1.86, which is above the industry median of 1.5 but still suggests limited short-term liquidity cushion.

Profitability metrics for Sanyei Corp are below the industry median. The company's return on equity (ROE) of 0.82% is significantly lower than the industry median of 3.5%, and its return on assets (ROA) of 0.44% is also below the median of 1.2%. Gross margin of 24.05% is in line with the industry median, but operating margin of 2.5% is below the median of 4.0%, indicating inefficiencies in cost control or pricing power.

Geographically, Sanyei Corp is heavily concentrated in the Japanese market, with 100% of revenue derived from domestic operations. Segment-wise, the company operates as a single business unit, with no disclosed diversification across product lines or customer bases. This concentration increases exposure to domestic economic cycles and regulatory changes.

Growth trajectory for Sanyei Corp appears muted. Revenue of JPY 10.53 billion in the latest period is below the industry median of JPY 15.0 billion. Outlook data indicates a projected revenue decline of 12% in the current fiscal year, with a further 5% decline expected in the next fiscal year. This is in contrast to the industry's average growth of 3%.

Risk factors include a medium liquidity risk due to the net cash negative position and a low dilution risk, with no significant dilution potential identified in the basic shares outstanding. The company has not made any recent equity issuances or announced plans for additional share offerings.

Recent events include the filing of the latest financial results, which showed a net income of JPY 94.38 million, below the industry median of JPY 200 million. No material events or earnings call transcripts were disclosed in the provided data.

Operating income surged 89.3% year-over-year to JPY 1.6 billion, signaling strong operational leverage and profitability improvement.

Free cash flow grew 57.4% to JPY 798 million, demonstrating robust cash generation capabilities for the fiscal year.

Cash conversion ratio of 6.71 ranks best-in-class among 111 home furnishings peers, highlighting superior efficiency.

Long-term debt decreased to JPY 4.3 billion, reflecting a consistent deleveraging trend over the past four fiscal years.

Net income expanded 81.1% to JPY 974 million, marking a significant turnaround from previous years' losses.

Medium liquidity risk flags potential challenges in meeting short-term obligations compared to more liquid peers.

Revenue growth of 8.6% is modest, and the four-year CAGR of 4.8% suggests limited top-line expansion potential.

Revenue ¥9.09B, +0,2% YoY; Operating income −65,7% YoY.

• ▍Revenue ¥9.09B, +0,2% YoY
• ▍Operating income −65,7% YoY
• ▍Net income −28,8% YoY
• ▍Net margin 1.0%

Revenue ¥8.50B, −12,4% YoY; Operating income −47,4% YoY.

• ▍Revenue ¥8.50B, −12,4% YoY
• ▍Operating income −47,4% YoY
• ▍Net income −37,3% YoY
• ▍Net margin 1.3%

Revenue ¥9.15B, −18,3% YoY; Operating income −33,6% YoY.

• ▍Revenue ¥9.15B, −18,3% YoY
• ▍Operating income −33,6% YoY
• ▍Net income −58,9% YoY
• ▍Net margin 3.8%

Revenue ¥9.89B, −6,2% YoY; Operating income −62,4% YoY.

• ▍Revenue ¥9.89B, −6,2% YoY
• ▍Operating income −62,4% YoY
• ▍Net income −286,4% YoY
• ▍Net margin -1.8%

Revenue ¥9.08B; Operating income ¥219.8M.

• ▍Revenue ¥9.08B
• ▍Operating income ¥219.8M
• ▍Net margin 1.5%

Revenue ¥9.70B; Operating income ¥564.2M.

• ▍Revenue ¥9.70B
• ▍Operating income ¥564.2M
• ▍Net margin 1.8%

Revenue ¥11.20B; Operating income ¥715.6M.

• ▍Revenue ¥11.20B
• ▍Operating income ¥715.6M
• ▍Net margin 7.5%

Revenue ¥10.53B; Operating income ¥262.8M.

• ▍Revenue ¥10.53B
• ▍Operating income ¥262.8M
• ▍Net margin 0.9%

Revenue ¥39.86B, +8,7% YoY; Operating income +89,3% YoY.

• ▍Revenue ¥39.86B, +8,7% YoY
• ▍Operating income +89,3% YoY
• ▍Net income +81,1% YoY
• ▍Free cash flow +57,4% YoY
• ▍Net margin 2.4%

Revenue ¥36.69B, −5,1% YoY; Operating income +1 193,6% YoY.

• ▍Revenue ¥36.69B, −5,1% YoY
• ▍Operating income +1 193,6% YoY
• ▍Net income +440,5% YoY
• ▍Free cash flow +406,6% YoY
• ▍Net margin 1.5%

Revenue ¥38.65B, +13,8% YoY; Operating income +106,6% YoY.

• ▍Revenue ¥38.65B, +13,8% YoY
• ▍Operating income +106,6% YoY
• ▍Net income +83,3% YoY
• ▍Free cash flow +115,5% YoY
• ▍Net margin -0.4%

Revenue ¥33.98B, +2,8% YoY; Operating income −16,3% YoY.

• ▍Revenue ¥33.98B, +2,8% YoY
• ▍Operating income −16,3% YoY
• ▍Net income −31,8% YoY
• ▍Free cash flow −2,4% YoY
• ▍Net margin -2.8%