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Sanwa Holdings
(5929)
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Rating:79Outperform
Price Target:
¥4,506.00
▲(24.48% Upside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by strong financial performance (expanding profitability and a low-leverage balance sheet with solid returns). Technicals are supportive but tempered by overbought signals (high RSI), while valuation adds stability with a reasonable P/E and a healthy dividend yield.
Positive Factors
Margin Expansion
Sustained improvement in gross, EBIT, and net margins indicates stronger operating efficiency and better profitability than in the earlier period. This provides Sanwa with greater resilience against moderate demand pressure and supports reinvestment, dividends, and earnings durability over the next several quarters.
Negative Factors
Revenue Normalization
The latest revenue decline suggests demand has normalized after several stronger years, weakening the top-line foundation for future earnings growth. If this persists, Sanwa may need continued margin discipline and efficiency gains to offset slower volume expansion across its building-product markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Sustained improvement in gross, EBIT, and net margins indicates stronger operating efficiency and better profitability than in the earlier period. This provides Sanwa with greater resilience against moderate demand pressure and supports reinvestment, dividends, and earnings durability over the next several quarters.
Read all positive factors
Sanwa Holdings (5929) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥822.17B
Dividend Yield3.24%
Average Volume (3M)543.63K
Price to Earnings (P/E)14.5
Beta (1Y)0.82
Revenue Growth1.68%
EPS Growth-5.81%
CountryJP
Employees13,174
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)271.35
Shares Outstanding219,000,000
10 Day Avg. Volume600,820
30 Day Avg. Volume543,626
Financial Highlights & Ratios
PEG Ratio1.95
Price to Book (P/B)2.15
Price to Sales (P/S)1.14
P/FCF Ratio15.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)276.53
Revenue Forecast (FY)¥675.23B
Sanwa Holdings Business Overview & Revenue Model
Company Description
Sanwa Holdings Corporation, operating through its various subsidiaries, specializes in the manufacturing and sale of steel construction components for both commercial and residential buildings. Its market reach extends across Japan, North America,...
How the Company Makes Money
Sanwa Holdings makes money primarily by manufacturing and selling building access and enclosure products—most notably various types of doors and shutters—to customers involved in new construction, renovation, and facility upgrades. Revenue is gene...
Sanwa Holdings Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 660.34B | 660.71B | 662.38B | 611.11B | 588.16B | 468.96B |
| Gross Profit | 217.49B | 218.88B | 219.14B | 197.99B | 180.47B | 139.00B |
| EBITDA | 93.27B | 97.47B | 98.79B | 79.58B | 64.47B | 47.10B |
| Net Income | 57.40B | 59.78B | 57.51B | 43.23B | 33.08B | 22.84B |
Balance Sheet | ||||||
| Total Assets | 529.26B | 547.80B | 534.61B | 491.70B | 442.27B | 386.24B |
| Cash, Cash Equivalents and Short-Term Investments | 116.61B | 125.08B | 134.39B | 107.80B | 72.25B | 61.90B |
| Total Debt | 42.91B | 57.07B | 56.98B | 56.83B | 59.59B | 51.50B |
| Total Liabilities | 188.02B | 196.81B | 210.41B | 206.20B | 199.92B | 182.92B |
| Stockholders Equity | 338.73B | 348.56B | 322.14B | 283.81B | 240.91B | 201.94B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 47.16B | 61.29B | 59.06B | 24.38B | 11.24B |
| Operating Cash Flow | 0.00 | 61.40B | 76.94B | 72.43B | 34.42B | 20.53B |
| Investing Cash Flow | 0.00 | -17.92B | -30.17B | -24.82B | -15.94B | -21.35B |
| Financing Cash Flow | 0.00 | -52.70B | -42.89B | -26.24B | -9.89B | -27.36B |
Sanwa Holdings Technical Analysis
Positive
3620.00
Price Trends
3506.83
Positive
3568.52
Positive
3598.74
Positive
Market Momentum
55.90
Negative
76.50
Negative
25.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5929, the sentiment is Positive. The current price of 3620 is above the 20-day moving average (MA) of 3561.70, above the 50-day MA of 3506.83, and above the 200-day MA of 3598.74, indicating a bullish trend. The MACD of 55.90 indicates Negative momentum. The RSI at 76.50 is Negative, neither overbought nor oversold. The STOCH value of 25.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5929.
Sanwa Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥127.09B | 10.73 | 10.85% | 3.91% | 3.01% | 2.30% | |
79 Outperform | ¥822.17B | 14.50 | 16.38% | 3.24% | 1.68% | -5.81% | |
72 Outperform | ¥101.08B | 14.78 | 5.17% | 3.72% | -0.79% | 21.74% | |
68 Neutral | ¥553.94B | 14.96 | ― | 3.33% | 2.27% | 2.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥913.02B | 23.14 | 7.95% | 2.09% | 2.01% | 331.85% | |
46 Neutral | ¥478.16B | 86.23 | 0.03% | 5.41% | 2.42% | -97.84% |
* Industrials Sector Average
JP:5929
Sanwa Holdings
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Sanwa Holdings Corporate Events
Sanwa Holdings Cuts Profit Target and Boosts Shareholder Returns in Updated 2027 Plan
Oct 30, 2026
Sanwa Holdings has approved a supplementary version of its Medium-term Management Plan 2027, resetting performance targets for the 2025–2027 period under its Sanwa Global Vision 2030 framework. The company has lowered its consolidated operat...
Sanwa Holdings to Cancel 3 Million Treasury Shares in Capital Optimization Move
Oct 30, 2026
Sanwa Holdings Corporation has approved the cancellation of 3 million shares of its treasury stock, representing 1.4 percent of its outstanding shares, with the effective date set for December 11, 2026. Following the cancellation, the company will...
Sanwa Holdings Launches Up to ¥10 Billion Share Buyback
Oct 30, 2026
Sanwa Holdings Corporation has announced that its Board of Directors approved a share buyback program aimed at enhancing shareholder returns and improving capital efficiency. The plan reflects a more flexible capital policy and underscores managem...
Sanwa Holdings Lifts DOE Target and Boosts Year-end Dividend Forecast
Oct 30, 2026
Sanwa Holdings Corporation has strengthened its shareholder return framework by raising its dividend on equity (DOE) target from 10% to 15%, a change that will apply from the year-end dividend for the fiscal year ending March 31, 2027. The move is...
Sanwa Holdings Aligns FY2026 Results With Updated 2027 Plan and 2030 Vision
Oct 30, 2026
Sanwa Holdings has released its FY2026 first-half business results alongside an updated consolidated forecast for the full year, signaling ongoing efforts to manage performance against a backdrop of defined strategic objectives. The materials high...
Sanwa Holdings Cuts FY 2027 Profit Outlook on Overseas Weakness, Keeps Sales Forecast Intact
Oct 30, 2026
Sanwa Holdings has announced a downward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2027, while leaving its net sales projection unchanged at ¥677 billion. The company now expects operating profit of &#...
Sanwa Holdings Lifts Dividend Outlook as Profits Come Under Pressure
Oct 30, 2026
Sanwa Holdings reported consolidated net sales of ¥317.4 billion for the six months ended September 30, 2026, up 2.6% year on year, but operating profit fell 12.9% to ¥29.3 billion and profit attributable to owners dropped 16.3% to ¥...
Sanwa Holdings Nears Completion of ¥10 Billion Share Buyback Program
Sep 11, 2026
Sanwa Holdings Corporation has completed a share buyback program authorized by its Board of Directors, repurchasing common stock on the Tokyo Stock Exchange. The latest tranche, executed between Sept. 1 and Sept. 10, 2026, saw the company acquire ...
Sanwa Holdings Advances Share Buyback, Nears Program Limits
Sep 1, 2026
Sanwa Holdings Corporation reported progress on its ongoing share buyback program authorized by its board in mid May, conducted under provisions of the Companies Act. The company is repurchasing its own common stock via market purchases on the Tok...
Sanwa Holdings Keeps Dividend Outlook Intact Despite Sharp Profit Drop in First Quarter
Aug 10, 2026
Sanwa Holdings reported consolidated net sales of ¥140.4 billion for the three months ended June 30, 2026, essentially flat year on year, while operating profit fell 40.8% to ¥5.88 billion and profit attributable to owners of the parent ...
Sanwa Holdings Advances Share Buyback, Repurchases 1.69 Million Shares
Aug 3, 2026
Sanwa Holdings has disclosed progress on a share buyback program authorized in mid-May, reporting the repurchase of 705,000 common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, at a total cost of about ¥2.65 billion. Th...
Sanwa Holdings Q1 Profit Slides but Full-Year Outlook and Dividend Raised
Jul 31, 2026
Sanwa Holdings reported consolidated net sales of ¥140.4 billion for the three months ended June 30, 2026, essentially flat year on year but with a sharp decline in profitability, as operating profit fell 40.8% to ¥5.9 billion and profit...
Sanwa Holdings Q1 FY2026 Sales Flat as Global Volumes Weaken
Jul 31, 2026
Sanwa Holdings reported virtually flat consolidated net sales for the first quarter of FY2026, with revenue slipping to 140.4 billion yen as lower sales volumes across regions offset steady price pass-through. Japan saw modest growth, and climate ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.