Sanoyas Holdings Corporation

Business Details

Comprised of Sanoyas Engineering Co., Ltd. (Shot Blast Machine), Sanoyas Precision Industry Co., Ltd. (Manufacturing & Assembly of Industrial Machinery Parts and Agricultural Machinery Parts), Mizuho Kogyo Co., Ltd. and Meinoga Machinery (Wuxi) Co., Ltd. (Emulsifying & Stirring Equipment, water treatment equipment, food tanks), Sanoyas Entec Co., Ltd. (Environmental Equipment & Medical Waste Treatment Equipment), and Kodera Denshi Seisakusho Co., Ltd. (Fully Automatic Wire Cutting & Stripping Machine / Fully Automatic Crimping Machine). Provides a consistent lineup of design, manufacturing, and maintenance for diverse industrial machinery and environmental/sanitary equipment for manufacturing customers. In June 2025, Kodera Denshi Seisakusho Co., Ltd. joined the group through M&A, expanding the business domain.

Recent Overview

Increased revenue and profit driven by contribution from Kodera Denshi Seisakusho, though order intake and backlog declined

In FY2026 (ending March 2026), net sales were ¥10,917 million (up 17.9% year on year) and operating income was ¥976 million (up 11.5% year on year), representing increased revenue and profit. In addition to the delivery of a large-scale Emulsifying & Stirring Equipment project, sales from Kodera Denshi Seisakusho Co., Ltd., which joined the group in June 2025, contributed. On the other hand, order intake decreased to ¥8,610 million (down 9.8% year on year) and order backlog decreased to ¥4,446 million (down 11.9% year on year). The main causes were the completion in the current period of large-scale pure water equipment/wastewater treatment equipment construction received in the prior period, a shortage of new large-scale orders, and weak overseas order intake due to sluggish Chinese economic conditions. The depreciation method was changed from the declining-balance method to the straight-line method, increasing operating income for the current period by ¥153 million.

Key Products

Growth Drivers

• Expansion of net sales and business domain through Kodera Denshi Seisakusho Co., Ltd. joining the group (June 2025), a niche top company in the domestic wire harness processing machine market
• Contribution to net sales from securing a large-scale Emulsifying & Stirring Equipment project
• Continuation of M&A strategy based on the Medium-Term Management Plan <'24-'26> (grouping niche top companies)
• Profit-boosting effect from changing the depreciation method to the straight-line method, reflecting expectations of stable utilization of tangible fixed assets amid increased capital expenditure
• Room for securing new large-scale orders in Mizuho Kogyo Co., Ltd.'s water treatment and tank business

Risks

• Risk of revenue fluctuation due to dependence on large-scale Emulsifying & Stirring Equipment projects (order intake and backlog declined year on year)
• Weak overseas order intake due to sluggish Chinese economic conditions (impact on overseas business including Meinoga Machinery (Wuxi) Co., Ltd.)
• Impairment risk related to goodwill recorded through M&A (¥2,037 million for Kodera Denshi Seisakusho Co., Ltd., amortized equally over 10 years)
• Delays in procurement of parts and materials and rising prices of raw materials and energy due to geopolitical risks, etc.
• Risk of customers curbing capital expenditure due to a slowdown in the global economy (heightened tensions in the Middle East, Trump tariffs, etc.)
• Geopolitical and foreign exchange risks at the Chinese location (Meinoga Machinery (Wuxi) Co., Ltd.)