6516
SANYO DENKI CO.,LTD.
山洋電気株式会社
Industrials · Electrical Equipment & Parts
Sanyo Denki Co., Ltd. engages in cooling systems, power systems, servo systems, electrical equipment sales, and electrical works contracting businesses in Japan and internationally. It offers cooling systems, which includes cooling fans and cooling fan units under the San Ace brand name; power systems products that comprises uninterruptible power supplies, inverters, engine generators, and power conditioners under the SANUPS brand name; and servo motors and amplifiers, stepping motors and drivers, and motion controllers under the SANMOTION brand name. The company also sells industrial electrical equipment, control devices, and electrical materials for medical, information and communications, industrial, environmental preservation, home automation, and energy utilization sectors. The company was formerly known as Sanyo Shokai Co., Ltd. and changed its name to Sanyo Denki Co., Ltd. in April 1942. Sanyo Denki Co., Ltd. was founded in 1927 and is headquartered in Tokyo, Japan.
Price
¥6,790
Market Cap
¥81.0B
Ent. Value
¥56.2B
Net Cash
¥24.8B
Shares Out.
11.9M
P / E
27.8×
EV / EBIT
5.2×
P / Book
1.88×
P / NCAV
1.18×
Div. Yield
1.47%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥107.3B | ¥107.3B | ¥112.9B | ¥120.8B | ¥101.1B |
| Cost of Sales | ¥77.4B | ¥77.4B | ¥84.0B | ¥89.6B | ¥75.5B |
| Gross Profit | ¥30.0B | ¥30.0B | ¥28.9B | ¥31.2B | ¥25.6B |
| SG&A | ¥19.3B | ¥19.3B | ¥17.9B | ¥17.9B | ¥14.7B |
| Operating Income | ¥10.9B | ¥10.9B | ¥11.8B | ¥13.4B | ¥11.0B |
| Non-Operating Income | — | ¥644M | ¥1.7B | ¥994M | ¥917M |
| Non-Operating Expenses | — | ¥577M | ¥202M | ¥189M | ¥101M |
| Ordinary Income | ¥11.7B | ¥8.0B | — | — | — |
| Pre-tax Income | ¥11.7B | ¥11.7B | ¥13.3B | ¥14.2B | ¥11.8B |
| Net Income (owners) | ¥8.7B | ¥8.7B | ¥10.5B | ¥11.4B | ¥9.0B |
| Minority Interest | — | ¥0M | ¥2M | ¥1M | ¥0M |
| Comprehensive Income | — | ¥4.7B | ¥19.9B | ¥14.0B | ¥11.6B |
| EBITDA | ¥16.3B | ¥16.3B | ¥17.7B | ¥19.4B | ¥16.6B |
| EPS | ¥243.89 | ¥243.89 | ¥867.52 | ¥942.91 | ¥744.94 |
| Shares Outstanding | — | 11.9M | 11.9M | 12.1M | 12.1M |
| Shares Issued (total) | — | 13.0M | 13.0M | 13.0M | 13.0M |
| Treasury Shares | — | 1.0M | 1.0M | 0.9M | 0.9M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥166.4B | ¥166.4B | ¥150.7B | ¥143.9B | ¥128.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥107.3B | ¥107.3B | ¥97.0B | ¥99.7B | ¥84.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥28.7B | ¥28.7B | ¥26.7B | ¥20.5B | ¥18.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥59.0B | ¥59.0B | ¥53.7B | ¥44.2B | ¥44.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥23.3B | ¥23.3B | ¥27.3B | ¥24.1B | ¥25.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥4.9B | ¥4.8B | ¥5.0B | ¥5.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥613M | ¥643M | ¥686M | ¥420M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥38.5B | ¥38.5B | ¥40.3B | ¥50.7B | ¥48.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥27.9B | ¥27.9B | ¥30.1B | ¥41.2B | ¥36.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥2.9B | ¥2.9B | ¥8.0B | ¥14.4B | ¥12.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥10.7B | ¥10.7B | ¥10.2B | ¥9.5B | ¥11.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1.0B | ¥1.0B | ¥3.9B | ¥4.2B | ¥6.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥4.1B | ¥3.6B | ¥1.3B | ¥1.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥127.9B | ¥127.9B | ¥110.4B | ¥93.2B | ¥80.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥11.5B | ¥11.5B | ¥11.5B | ¥11.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥93.7B | ¥93.7B | ¥79.4B | ¥67.6B | ¥57.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-3.5B | ¥-3.5B | ¥-2.4B | ¥-2.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥10.7B | ¥13.1B | ¥6.6B | ¥4.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥127.9B | ¥127.9B | ¥110.4B | ¥93.2B | ¥80.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥0M | ¥14M | ¥11M | ¥9M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥3.9B | ¥3.9B | ¥11.9B | ¥18.6B | ¥18.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥24.8B | ¥24.8B | ¥14.8B | ¥1.9B | ¥-68M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥68.8B | ¥68.8B | ¥56.6B | ¥49.0B | ¥36.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥5,767 | ¥4,750 | ¥4,046 | ¥2,995 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥10,716 | ¥9,253 | ¥7,695 | ¥6,664 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥10.8B | ¥10.8B | ¥21.5B | ¥8.3B | ¥8.2B |
| D&A | ¥5.4B | ¥5.4B | ¥5.8B | ¥6.0B | ¥5.7B |
| Investing CF | ¥-7.7B | ¥-7.7B | ¥-6.5B | ¥-4.4B | ¥-4.8B |
| CapEx | ¥1.5B | ¥1.5B | ¥5.7B | ¥3.2B | ¥3.3B |
| Financing CF | ¥-4.9B | ¥-4.9B | ¥-10.7B | ¥-2.7B | ¥-622M |
| Free Cash Flow | ¥9.4B | ¥9.4B | ¥15.7B | ¥5.1B | ¥5.0B |
| Net Change in Cash | — | ¥2.2B | ¥6.1B | ¥1.8B | ¥3.9B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 6.8% | 7.3% | 10.3% | 13.1% | 11.2% |
| ROA | 5.2% | 5.5% | 7.1% | 8.4% | 7.0% |
| EPS | ¥243.89 | ¥243.89 | ¥867.52 | ¥942.91 | ¥744.94 |
| DPS | ¥100.00 | ¥100.00 | ¥145.00 | ¥135.00 | ¥115.00 |
| BPS | ¥3,602.66 | ¥3,602.66 | — | — | — |
| FCF/Share | — | ¥785 | ¥1,318 | ¥419 | ¥410 |
| NCAV/Share | — | ¥5,767 | ¥4,750 | ¥4,046 | ¥2,995 |
| Payout Ratio | 41.0% | 41.0% | 16.7% | 14.3% | 15.4% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 16
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-18
15:00
|
Div Increase | ¥2.5B ¥70.0/sh | Sanyo Denki announced a dividend of ¥70 per share (¥2.486 billion total) for FY2026 ended March 31, 2026, with ex-divide… | |
|
Summary
Sanyo Denki announced a dividend of ¥70 per share (¥2.486 billion total) for FY2026 ended March 31, 2026, with ex-dividend date June 19, 2026. This represents a decrease from the prior year's ¥90 per share, though the company maintained its forecast announced April 27, 2026. The full-year dividend combination (¥100 Q2 + ¥70 year-end) reflects adjusted guidance following a 1-for-3 stock split in October 2025.
Deadline: 2026-06-19
Source (JP)
１株当たり配当金 70円00銭、配当金総額 2,486百万円、基準日 2026年３月31日、効力発生日 2026年６月19日
剰余金の配当に関するお知らせ
TDnet PDF
|
||||
|
2026-04-27
11:00
|
Div Increase | ¥70.0/sh | Sanyo Denki (6516, TSE Prime) announced an upward revision of FY2026 (ending March 2026) dividend guidance on April 27, … | |
|
Summary
Sanyo Denki (6516, TSE Prime) announced an upward revision of FY2026 (ending March 2026) dividend guidance on April 27, 2026. The company increased its full-year DPS forecast from 36.67 yen to 70.00 yen per share (post-3-for-1 split basis), reflecting strong business progress and implementation of a new capital allocation policy focused on enhanced shareholder returns. Despite the significant increase in absolute payout, year-over-year DPS declines marginally versus prior fiscal year actual of 165 yen.
Source (JP)
当社は、2026年３月19日に「資本コストや株価を意識した経営の実現に向けた取り組みについて（アップデート）」において、新たな配当方針を公表しました。2026年３月期の期末配当予想につきましては、2025年４月25日に公表いたしました業績予想に対する進捗が堅調に推移したこと、また、配当性向などを勘案し、2025年８月20日に公表した配当予想を36円67銭から33円33銭増額した１株当たり70円に修正いたします。
配当予想の修正（増配）に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 協同興業株式会社 | 1,845 | 15.47% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
1,192 | 9.99% |
| 3 | INTERTRUST TRUSTEES CAYMAN LIMITED AS TRUSTEE OF JAPAN-UP UNIT TRUST(常任代理人 立花証券株式会社) | 1,140 | 9.55% |
| 4 | INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLEL Y IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP(常任代理人 株式会社みずほ銀行決済営業部) | 469 | 3.93% |
| 5 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
356 | 2.99% |
| 6 | 山洋開発株式会社 | 318 | 2.67% |
| 7 |
Nippon Life Insurance
日本生命保険相互会社
|
298 | 2.50% |
| 8 | GOVERNMENT OF NORWAY（常任代理人 シティバンク、エヌ・エイ東京支店） | 285 | 2.39% |
| 9 |
Mizuho Bank
株式会社みずほ銀行
|
227 | 1.91% |
| 10 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
202 | 1.70% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
14.7%
-1.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
38.4%
+10.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 53.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 協同興業 | 15.24% | 15.48% | 15.47% -0.01% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 11.48% | 10.90% | 9.99% -0.91% | |
| INTERTRUST TRUSTEES CAYMAN LIMITED AS TRUSTEE OF JAPAN-UP UNIT TRUST NEW ENTRY | — | — | — | 9.55% NEW |
| INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLEL Y IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP NEW ENTRY | — | — | — | 3.93% NEW |
| Japan Custody Bank 日本カストディ銀行 | 4.66% | 4.00% | 2.99% -1.01% | |
| 山洋開発 | 2.63% | 2.67% | 2.67% | |
| Nippon Life Insurance 日本生命保険 | 2.47% | 2.51% | 2.50% -0.01% | |
| GOVERNMENT OF NORWAY NEW ENTRY | — | — | — | 2.39% NEW |
| Mizuho Bank みずほ銀行 | 1.88% | 1.91% | 1.91% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | 1.60% | 1.63% | 1.70% +0.07% | |
| RE FUND 107-CLIENT AC last seen 2024 | Exited Top 10 | — | 1.90% | — |
| 式会社八十二銀行 last seen 2024 | Exited Top 10 | 1.61% | 1.64% | — |
| KIA FUND 136 last seen 2024 | Exited Top 10 | — | 1.43% | — |
| 上田八木短資 last seen 2023 | Exited Top 10 | 1.46% | — | — |
| 東京海上日動火災保険 last seen 2023 | Exited Top 10 | 1.58% | — | — |
| Concentration (HHI) ⓘ | 412 | 403 | 480 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥7,649M
+6% since 2023
Holdings
32
+2 new
6 exited
Trend
8 building
vs 2023
| Held Company | FY2025 ¥7,649M total | FY2023 ¥7,215M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
DAIHEN CORPORATION
㈱ダイヘン
|
1,136 |
179,600
|
796 | 179,600 | M |
|
HIRATA Corporation
平田機工㈱
|
884 |
+200.0%
↑
578,700
|
1,321 | 192,900 | M |
|
BROTHER INDUSTRIES LTD.
ブラザー工業㈱
|
662 |
245,900
|
489 | 245,900 | M |
|
EIZO Corporation
EIZO㈱
|
575 |
+100.0%
↑
276,200
|
565 | 138,100 | M |
|
nichiden corporation
㈱日伝
|
567 |
+2.5%
↑
196,257
|
364 | 191,545 | M |
|
Hibiya Engineering,Ltd.
日比谷総合設備㈱
|
537 |
172,000
|
372 | 172,000 | M |
|
Makita Corporation
㈱マキタ
|
522 |
106,000
|
347 | 106,000 | M |
| ㈱八十二銀行 | 521 |
494,000
|
284 | 494,000 | M |
|
NASU DENKI-TEKKO CO.,LTD.
那須電機鉄工㈱
|
421 |
31,600
|
265 | 31,600 | M |
|
SCREEN Holdings Co., Ltd.
㈱SCREENホールディングス
|
322 |
+100.0%
↑
33,600
|
195 | 16,800 | |
|
ROHM COMPANY LIMITED
ローム㈱
|
259 |
+300.0%
↑
181,600
|
498 | 45,400 | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
196 |
48,395
|
90 | 48,395 | M |
|
FUJI CORPORATION
㈱FUJI
|
178 |
+2.8%
↑
85,215
|
185 | 82,931 | M |
|
Noritz Kouki Co., Ltd.
ノーリツ鋼機㈱
|
170 |
36,000
|
80 | 36,000 | |
|
NISSEI PLASTIC INDUSTRIAL CO.,LTD.
日精樹脂工業㈱
|
162 |
+10.9%
↑
193,807
|
173 | 174,705 | |
|
FURUNO ELECTRIC CO., LTD.
古野電気㈱
|
139 |
54,437
|
53 | 54,437 | M |
|
Togami Electric Mfg. Co.,Ltd.
㈱戸上電機製作所
|
100 |
29,800
|
52 | 29,800 | M |
|
NIPPON CHEMI-CON CORPORATION
日本ケミコン㈱
|
90 |
100,100
|
210 | 100,100 | M |
|
Origin Company, Limited
㈱オリジン
|
43 |
38,593
|
50 | 38,593 | M |
|
KYOSHA CO.,LTD.
㈱京写
|
38 |
104,000
|
29 | 104,000 | M |
|
KYOEI SANGYO CO.,LTD.
協栄産業㈱
|
34 |
14,900
|
32 | 14,900 | M |
|
DAIFUKU CO.,LTD.
㈱ダイフク
|
32 |
9,000
|
21 | 9,000 | |
|
Ryoyo Ryosan Holdings, Inc.
リョーサン菱洋ホールディングス㈱
|
21 |
NEW
New
8,712
|
— | M | |
|
TOKAI ELECTRONICS CO.,LTD.
東海エレクトロニクス㈱
|
10 |
4,200
|
12 | 4,200 | M |
|
KITANO CONSTRUCTION CORP.
北野建設㈱
|
9 |
2,419
|
7 | 2,419 | M |
|
AMADA CO., LTD.
㈱アマダ
|
9 |
6,695
|
8 | 6,695 | |
|
Nisshinbo Holdings Inc.
日清紡ホールディングス㈱
|
4 |
4,742
|
4 | 4,742 | |
|
ANRITSU CORPORATION
アンリツ㈱
|
3 |
2,783
|
3 | 2,783 | |
|
FUJITSU LIMITED
富士通㈱
|
3 |
+900.0%
↑
1,170
|
2 | 117 | |
|
Oki Electric Industry Company, Limited
沖電気工業㈱
|
1 |
2,000
|
1 | 2,000 | |
|
KOMORI CORPORATION
㈱小森コーポレーション
|
1 |
NEW
New
1,000
|
— | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱ＵＦＪフィナンシャル・グループ
|
— | — | |||
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
— |
−100%
Exit
—
|
231 | 90,720 | |
| 日本電信電話㈱ | — |
−100%
Exit
—
|
336 | 84,840 | |
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
— |
−100%
Exit
—
|
70 | 113,060 | |
|
TOSHIBA CORPORATION
㈱東芝
|
— |
−100%
Exit
—
|
44 | 10,000 | |
|
Ryosan Co., Ltd.
㈱リョーサン
|
— |
−100%
Exit
—
|
21 | 6,600 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
5 | 6,510 | |
| Portfolio total | 7,649 | 7,215 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding