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14472026 Q3GrowthJGAAP

SAAF Holdings (1447) FY2026 Q3 Earnings Report

For FY2026 Q3, revenue came to ¥22.1B (+4.4% year on year) and operating income ¥564.0M. The segment drivers and cash flow follow.

SAAF Holdings Co.,Ltd.

Construction & Materials/Construction


Financial Highlights

  • Net Sales: ¥22.09B
  • Operating Income: ¥564M
  • Net Income: ¥239M
  • EPS: ¥9.91

Income Statement

ItemCurrentPriorYoY %
Net Sales¥22.09B¥21.15B+4.4%
Cost of Sales¥16.60B¥16.09B+3.2%
Gross Profit¥5.49B¥5.06B+8.5%
SG&A Expenses¥4.92B¥5.15B−4.4%
Operating Income¥564M−¥91M+719.8%
Non-operating Income¥113M¥35M+222.2%
Non-operating Expenses¥170M¥204M−17.0%
Ordinary Income¥507M−¥260M+295.0%
Profit Before Tax¥481M−¥284M+269.5%
Income Tax Expense¥242M¥246M−1.7%
Net Income¥239M−¥529M+145.2%
Net Income Attributable to Owners¥241M−¥513M+147.0%
Total Comprehensive Income¥256M−¥482M+153.1%
Interest Expense¥122M¥85M+43.4%
Basic EPS¥9.91−¥21.01+147.2%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥11.52B¥10.80B+¥716M
Cash and Deposits¥4.91B¥3.11B+¥1.80B
Accounts Receivable¥5.03B¥6.28B−¥1.25B
Inventories¥174M¥160M+¥14M
Non-current Assets¥6.03B¥6.19B−¥160M
Property, Plant & Equipment¥2.94B¥2.75B+¥191M
Intangible Assets¥1.99B¥2.26B−¥268M
Goodwill¥1.51B¥1.74B−¥222M
Investment Securities¥234M¥289M−¥56M
Total Assets¥17.55B¥17.00B+¥556M
Current Liabilities¥10.73B¥9.51B+¥1.22B
Accounts Payable¥1.81B¥1.93B−¥121M
Short-term Loans¥5.35B¥4.53B+¥817M
Non-current Liabilities¥3.81B¥4.64B−¥832M
Long-term Loans¥3.04B¥3.87B−¥820M
Total Liabilities¥14.54B¥14.15B+¥388M
Total Equity¥3.01B¥2.84B+¥168M
Capital Stock¥1.91B¥1.91B¥0
Capital Surplus¥705M¥752M−¥47M
Retained Earnings¥262M¥23M+¥239M
Treasury Stock−¥143,000−¥123,000−¥20,000
Owners' Equity¥2.86B¥2.65B+¥210M
Working Capital¥789M--

Profitability Ratios

ItemValue
Net Profit Margin1.1%
Gross Profit Margin24.8%
Current Ratio107.4%
Quick Ratio105.7%
Debt-to-Equity Ratio4.83x
Interest Coverage Ratio4.64x
Effective Tax Rate50.2%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+4.4%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)24.45M shares
Treasury Stock69K shares
Average Shares Outstanding24.39M shares
Book Value Per Share¥123.51

Dividend Information

ItemAmount
Q2 Dividend¥0.00

Segment Information

SegmentRevenueOperating Income
ConstructionAndCivilEngineering¥13.03B¥151M
Consultation¥1.16B−¥99M
HumanResource¥3.59B¥205M
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥16M−¥7M
SystemDevelopment¥4.29B¥139M

Full Year Forecast

ItemForecast
Net Sales Forecast¥30.06B
Operating Income Forecast¥813M
Ordinary Income Forecast¥697M
Net Income Attributable to Owners Forecast¥156M
Basic EPS Forecast¥6.38