Sansei Technologies, Inc.
6357・Standard Market・Machinery
Business
Sansei Technologies is a comprehensive entertainment equipment manufacturer founded in 1951, comprising the company and 25 subsidiaries. In its core Amusement Machinery business, it designs, manufactures, and installs Amusement Rides such as roller coasters for theme parks in Japan and overseas, forming a global group that includes S&S Worldwide (US), Vekoma (Netherlands), and FORREC (Canada) under its umbrella. In the Stage Equipment business, it handles stage equipment for theaters, concerts, and events, while the Elevating Equipment business covers manufacturing, installation, and maintenance of elevators and similar equipment for public facilities and residential buildings. Maintenance Services and Stage Equipment Maintenance & Renovation Works after product delivery are covered nationwide by two maintenance subsidiaries, supplementing recurring stock-type revenue.
Business Model
Each business is fundamentally an order-based model in which design, manufacturing, and construction are carried out based on customer orders, with recurring revenue accumulated after delivery through maintenance service contracts. In Amusement Machinery, sales of repair parts also serve as a stable revenue source. Stage Equipment and Elevating Equipment boast high profit margins (21.2% and 26.6%, respectively), supporting the profitability of the group as a whole. The order backlog of ¥88,812 million (as of the end of FY2026 (ending March 2026)) enhances visibility into future sales.
Company Strengths
The group has S&S (U.S.), Vekoma (Netherlands), and FORREC (Canada) under its umbrella, building an integrated global structure spanning design, manufacturing, and concept proposal. In FY2026 (ending March 2026), orders received for Amusement Machinery reached ¥50,471 million (up 9.2% year on year), with an order backlog reaching ¥68,790 million, demonstrating strong international competitiveness through actual results.
Segment profit margin was 21.2% for Stage Equipment and 26.6% for Elevating Equipment (both in FY2026, ending March 2026), with both segments maintaining high profitability. The order backlog for Stage Equipment grew 41.2% year on year to ¥17,050 million, giving high visibility into future revenue. This structure allows these high-profitability segments to offset the volatility risk in Amusement Machinery.
The consolidated order backlog at the end of FY2026 (ending March 2026) reached ¥88,812 million (up 10.7% year on year), exceeding the period's net sales of ¥73,070 million. This backlog has accumulated mainly on the back of ¥68,790 million in Amusement Machinery and ¥17,050 million in Stage Equipment, providing high certainty of medium-term revenue recognition. As a leading indicator in an order-based business, it enhances the accuracy of investors' earnings forecasts.
ENVALITH's Perspective
Performance Trend
In FY2026 (ending March 2026), net sales reached ¥73,070 million (up 18.1% year on year), operating profit reached ¥6,570 million (up 37.0%), and profit attributable to owners of parent reached ¥5,102 million (up 70.3%), with substantial increases across all metrics. The operating profit margin on net sales improved from 7.8% to 9.0%, and ROE rose from 6.9% to 10.6%. The resolution of unprofitable projects in Amusement Machinery and the recognition of a gain on sale of investment securities of ¥2,181 million boosted net profit. As external factors, the expansion of inbound demand and buoyant entertainment-related investment supported orders, while a goodwill impairment of ¥1,027 million was recorded as an extraordinary loss. Operating cash flow improved substantially to ¥9,449 million (from ¥3,272 million in the prior period), and cash at fiscal year-end accumulated to ¥28,209 million.
Growth Strategy
Aims for sustainable growth through a three-pronged approach: global order expansion, entry into new business fields, and strengthening of management foundations
Deepening collaboration with group companies including S&S, Vekoma, and FORREC to expand orders for large-scale projects in growth markets such as the United States, East Asia, and the Middle East. Orders received in FY2026 (ending March 2026) reached ¥50,471 million (up 9.2% year on year), with an order backlog of ¥68,790 million (up 6.0% year on year), and this is expected to contribute to sales in FY2027 (ending March 2027).
Reliably capturing robust demand for temporary stage equipment for concerts and events as well as renovation demand for permanent facilities. The order backlog at the end of FY2026 (ending March 2026) increased 41.2% year on year to ¥17,050 million, and the company aims to continue sales growth while maintaining a high profit margin (21.2%).
Promoting steady progress on new installation and renovation works for public facilities and multi-unit residential buildings, as well as stabilizing revenue in the maintenance services business. Through a focus on cost reduction, the segment profit margin reached 26.6% in FY2026 (ending March 2026). The order backlog contracted 9.7% year on year to ¥2,973 million, and building up new orders remains a challenge.
Focusing as key management priorities on addressing fluctuations in the global economy through strengthened collaboration with group companies, proactively working to build new business fields, and pursuing sustainability initiatives, with the aim of achieving sustainable mid- to long-term growth and enhancing corporate value. The company also continues shareholder returns through share buybacks (¥800 million in FY2026, ending March 2026) and dividend increases (annual dividend planned to rise from ¥90 to ¥95).
Last updated: July 19, 2026