SHINTO COMPANY LIMITED
5380・Standard Market・Glass & Ceramics Products
Tile Manufacturing & Sales Business (Single Segment)
Core business handling manufacture and sale of clay roof tiles and roofing construction
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Cumulative Q3 FY2026 (ending June 2026), Tile Manufacturing & Sales Business) | ¥3,164 million | ¥3,518 million (same period prior year, single segment) | ↓ |
| Operating Income/Loss (Cumulative Q3 FY2026 (ending June 2026), Tile Manufacturing & Sales Business) | -¥89 million | ¥68 million (same period prior year, single segment) | ↓ |
| Gross Profit (Cumulative Q3 FY2026 (ending June 2026), Company-wide) | ¥507 million | ¥678 million (same period prior year) | ↓ |
| Gross Profit Margin (Cumulative Q3 FY2026 (ending June 2026), Company-wide) | 15.9% | 19.3% (same period prior year) | ↓ |
| Equity Ratio (End of Q3 FY2026 (ending June 2026)) | 53.3% | 52.3% (end of FY2025 (ending June 2025)) | ↑ |
| Net Sales (Full year, previous fiscal year) | ¥4,627 million | — | — |
| Operating Income (Full year, previous fiscal year) | ¥105 million | — | — |
Business Details
The core business segment of SHINTO Co., Ltd. It offers a wide range of roofing-related products, including manufactured tiles (in-house produced S-type and F-type tiles) and merchandise tiles (procured and sold J-type, S-type, and F-type tiles), as well as Sheet Metal Sales & Auxiliary Materials. Sales are limited to the domestic market. The company promotes new customer acquisition using SNS and remote sales, centered on its flagship products, the CERAM Series and SHINTO Kawara S. From the third quarter of FY2026 (ending June 2026), the real estate leasing business was separated and began to be reported as an independent segment.
Recent Overview
Operating loss emerged due to the combined impact of declining housing starts and surging energy costs
For the cumulative nine months of FY2026 (ending June 2026) (July 2025 to March 2026), net sales in the Tile Manufacturing & Sales Business were ¥3,164 million (a decrease of ¥353 million year-on-year), and the segment recorded an operating loss of ¥89 million (compared to operating income of ¥68 million in the same period of the prior year). In addition to the continued decline in owner-occupied housing starts, rising manufacturing costs due to the weaker yen and persistently high energy prices weighed on profitability. Pass-through of these costs to sales prices also remained insufficient amid the deteriorating market environment. Note that from this third quarter, the real estate leasing business was separated as an independent reporting segment, resulting in a change to the reportable segments. The full-year earnings forecast has been withdrawn due to numerous uncertainties.
Key Products
Growth Drivers
- Sales recovery through expanded sales of flagship products CERAM Series and SHINTO Kawara S and new customer acquisition
- Capturing demand for S-type tiles following the discontinuation of production by competitors
- Expansion of renovation-market products such as Sheet Metal Sales & Auxiliary Materials
- New customer acquisition and improved sales efficiency through use of SNS and remote sales
- Increased brand recognition and expanded sales in the Hokkaido and Tohoku regions following listing on the Sapporo Securities Exchange main market in January 2024
- Diversification of revenue sources through the launch of a new real estate leasing business (recording net sales of ¥16 million and operating income of ¥10 million from the third quarter)
Risks
- Deterioration of the demand environment due to the continued decline in owner-occupied housing starts
- Rising manufacturing and procurement costs due to the weaker yen and persistently high material and energy prices
- Deterioration of the housing acquisition environment and risk of further decline in housing starts due to concerns over rising mortgage interest rates
- Increased cost burden from further upward pressure on energy prices (rising to levels exceeding initial expectations)
- Difficulty in sufficiently passing on costs to sales prices amid a deteriorating market environment, compressing profitability
- Prolongation of the construction start period due to mandatory compliance with energy efficiency standards and stricter confirmation application requirements under the revised Building Standards Act
- Uncertainty in earnings outlook, as reflected in the withdrawal of the full-year earnings forecast
Last updated: September 24, 2025