SANSEI CO.,LTD.

Business Details

The Company handles the design, manufacturing, sales, installation, and maintenance/repair of window-cleaning gondolas (manned type, automatic type, special type, etc.) and stage equipment, while Temporary Gondola Rental is operated by subsidiaries Sansei Gondola Rental Lease Co., Ltd. (Kansai) and Sansei Gondola Co., Ltd. (Kanto). Major customers are primarily general contractors in the construction industry. The segment possesses industry-leading technical capabilities and extensive delivery track record, and has obtained ISO9001 certification. It is the core business, accounting for approximately 61% of consolidated net sales.

Recent Overview

Order intake and profit expanded sharply, with segment profit up 106.5% year on year, more than doubling

In FY2026 (ending March 2026), the Gondola & Stage segment achieved order intake of ¥4,987 million (up 27.5% year on year), net sales of ¥4,286 million (up 6.1% year on year), and segment profit of ¥702 million (up 106.5% year on year). Orders expanded significantly due to inquiries exceeding expectations. Although net sales growth was limited to 6.1%, profit margins improved substantially, resulting in a marked improvement in profitability.

Key Products

Growth Drivers

• Order intake expanded significantly to ¥4,987 million (up 27.5% year on year), building up an order backlog for future revenue recognition
• Both government and private-sector construction investment remained solid, sustaining demand for gondolas from general contractors
• Segment profit surged 106.5% year on year, with profitability improving substantially
• Enhanced technical capabilities and stronger responsiveness to customer needs through inter-group personnel exchange and development
• Securing a stable revenue base through the temporary gondola rental business

Risks

• Deterioration of the business environment due to a severe labor shortage in the construction industry
• Rising production costs due to persistently high raw material prices and supply chain tightness
• Difficulty in technology transfer and securing human resources due to the declining birthrate and aging population
• Risk of interruption to gondola and stage equipment installation work or maintenance/repair due to natural disasters, etc.
• Risk of recording provisions for construction contract losses (due to fluctuations in estimated cost of completed construction)
• A significant decline in both net sales and profit is expected for FY2027 (ending March 2027) (consolidated full-year net sales forecast of ¥5,500 million, down 22.0% year on year), posing a risk of a rebound decline in segment performance