Renewals lift margins
Sanki Service Co., Ltd. (TSE: 6044) reported consolidated results for the first quarter of FY5/2027, June 1 to August 31, 2026, on October 15, 2026 under Japanese GAAP. Net sales rose 13.5% to ¥6,761 million and gross profit 35.6% to ¥1,551 million, comfortably outpacing a 21.4% rise in selling, general and administrative expenses to ¥1,151 million. Operating profit rose 104.3% to ¥399 million and ordinary profit 104.0% to ¥403 million. Net profit attributable to owners of the parent rose 99.4% to ¥257 million, or ¥39.94 per share. The company said total-maintenance customers with many outlets pressed ahead with equipment renewals, while a large equipment-renewal project in its maintenance service moved into its second phase. Its pitch is energy-saving upgrades, which it says remain in demand as higher oil prices push customers to cut facility running costs.
Maintenance does the work
The maintenance segment, which services air-conditioning, kitchen, electrical and plumbing equipment, grew sales 16.3% to ¥6,147 million and segment profit 132.2% to ¥302 million. The construction-related products and services segment, which makes, sells and installs metal doors, shutters and sashes for buildings, saw sales fall 9.6% to ¥614 million but lifted segment profit 49.1% to ¥97 million.
Share exchange and delisting
Total assets rose 3.2% to ¥10,478 million from May 31, mainly on higher cash and receivables, and net assets rose 0.8% to ¥5,674 million; the equity ratio eased to 54.2% from 55.5%. The company said it plans a share exchange with Shin Maintenance Holdings Co., Ltd. and expects its shares to be delisted on November 27, 2026, and for that reason it is not publishing a full-year FY5/2027 forecast. Its dividend forecast for the year is likewise left blank, after a ¥30 year-end payout for FY5/2026.
| Metric | Q1 FY5/2027 | Q1 FY5/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 6,761 | 5,956 | +13.5% |
| Operating profit (¥ million) | 399 | 195 | +104.3% |
| Ordinary profit (¥ million) | 403 | 197 | +104.0% |
| Net profit attrib. to owners of parent (¥ million) | 257 | 129 | +99.4% |
| EPS (¥) | 39.94 | 20.05 | +99.2% |
| Maintenance — revenue (¥ million) | 6,147 | 5,285 | +16.3% |
| Maintenance — segment profit (¥ million) | 302 | 130 | +132.2% |
| Construction-related products & services — revenue (¥ million) | 614 | 680 | −9.6% |
| Construction-related products & services — segment profit (¥ million) | 97 | 65 | +49.1% |
| Total assets (¥ million) | 10,478 | 10,151 | +3.2% |
| Net assets (¥ million) | 5,674 | 5,629 | +0.8% |
| Equity ratio | 54.2% | 55.5% | −1.3 pt |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.