Sanwa Holdings Corporation

5929 三和ホールディングス株式会社

Industrials · Building Products & Equipment · Prime · TSE: Disclosed

PRICE: ¥3,618 · MKT CAP: ¥777.3B · P/E: 13.7x · P/B: 2.41x · DIV YIELD: 2.9%

PRICE — 5Y

Characteristics & Business Summary

Sanwa Holdings Corporation, through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia. The company offers residential lightweight shutters, condominium doors...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	427,061	468,956	588,159	611,107	662,380
Operating Profit	33,077	35,487	56,307	65,360	80,515
Ordinary Profit	32,142	34,122	52,780	64,903	84,015
Net Profit	21,251	22,842	33,084	43,228	57,512
EPS	¥96	¥103	¥150	¥197	¥268
DPS	¥34	¥36	¥58	¥78	¥106

Balance Sheet & Valuation Highlights

Total Assets ¥535B

Net Assets (Equity) ¥324B

Equity Ratio 60.2%

ROE (Return on Equity) 22.5%

Cash & Equivalents ¥125B

Interest-Bearing Debt ¥45B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥14B

Major Shareholders

1. Japan Master Trust Bank 14.7%
2. Japan Custody Bank 6.3%
3. Sumitomo Mitsui Banking Corporation 5.1%
4. Dai-ichi Life Insurance 3.5%
5. CGML PB CLIENT ACCOUNT/COLLATERAL 3.2%
6. State Street Bank and Trust Company 2.8%
7. Aioi Nissay Dowa Insurance Co. 2.4%
8. State Street Bank and Trust Company 2.1%
9. Sumitomo Realty & Development Co.,Ltd. 1.8%
10. State Street Bank and Trust Company 1.6%

Activist Activity

ValueAct Capital Management, L.P.; ValueAct Capital Master Fund, L.P.; ValueAct Japan Master Fund, L.P. 0.0%

2026-05-28 · increase

Mitsubishi UFJ Financial Group Inc. 3.96%

2026-05-08 · change

BlackRock Japan Co., Ltd. 5.02%

2026-01-06 · initial_5pct

Sumitomo Mitsui DS Asset Management Company, Limited 8.35%

2025-09-05 · change

ValueAct Capital Management, L.P. 5.94%

2024-09-25 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥1,933	¥2,123	¥2,661	¥2,792	¥3,083
FCF/Share	¥227	¥93	¥156	¥331	¥358
EPS	¥96	¥103	¥150	¥197	¥268
DPS	¥34	¥36	¥58	¥78	¥106
Capital Spending per share	¥0	¥0	¥0	¥0	¥0
Book Value per share	¥787	¥858	¥963	¥1,085	¥1,192
Common Shares Outstanding	221M	221M	221M	219M	215M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥427B	¥469B	¥588B	¥611B	¥662B
Operating Margin (%)	7.7%	7.6%	9.6%	10.7%	12.2%
Net Profit (owners)	¥21B	¥23B	¥33B	¥43B	¥58B
Net Profit Margin (%)	5.0%	4.9%	5.6%	7.1%	8.7%
Working Capital	¥47B	¥55B	¥85B	¥121B	¥152B
Total Debt (Interest-bearing)	¥46B	¥48B	¥49B	¥45B	¥45B
Net Worth (Common Equity)	¥174B	¥189B	¥213B	¥237B	¥256B
Return on Total Assets (ROA)	5.7%	5.9%	7.5%	8.8%	10.8%
Return on Common Equity (ROE)	12.2%	12.1%	15.6%	18.2%	22.5%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.