Sangetsu announces strong mid-year performance, upgraded outlook

Sangetsu Corporation announced its financial results for the second quarter (interim period) of the fiscal year ending March 2026, achieving record net sales of 988.9 billion yen, a 5.3% increase year-over-year. Operating profit rose by 10.9% to 81.8 billion yen, and profit attributable to owners of parent increased by 26.4% to 63.1 billion yen. The overseas segment notably accelerated growth, with net sales increasing by 35.3% to 175.0 billion yen, driven by strong orders in North America and contributions from design and construction businesses in Southeast Asia.

Despite a challenging domestic interior market, particularly for new housing, the segment's operating profit increased, with price revisions and the promotion of high value-added products absorbing rising costs and the impact of a key supplier factory fire. The company projects full-year net sales for FY22026 to reach 2,100.0 billion yen and operating profit to be 190.0 billion yen, an upward revision from its initial May 2025 forecast.

The company also announced an interim dividend of 77.5 yen per share and a forecast year-end dividend of 77.5 yen per share for FY2025, totaling 155.0 yen per share, marking the 12th consecutive year of dividend growth. This reflects the company's focus on sustainable growth and shareholder returns.