SANYEI CORPORATION
8119・Standard Market・Wholesale Trade
Furniture & Household Goods Business
Core segment developing living/kitchen goods and other household items through a dual OEM and brand business model
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (full year, FY2026 ending March 2026) | ¥19,213 million | ¥18,584 million | ↑ |
| Segment profit (full year, FY2026 ending March 2026) | ¥1,149 million | ¥1,204 million | ↓ |
| Year-on-year sales change rate (full year, FY2026 ending March 2026) | +3.4% | – | ↑ |
| Year-on-year change in segment profit (full year, FY2026 ending March 2026) | -¥55 million | – | ↓ |
| Sales to Europe (full year, FY2026 ending March 2026) | ¥3,326 million | ¥637 million | ↑ |
Business Details
The segment plans and exports/imports living furniture, dining furniture, children's furniture, kitchen-related goods, interior goods, storage goods, and other items. In the OEM Business, products are supplied to overseas customers in Europe, China, and elsewhere, while the Brand Business operates online shops for furniture and interior goods such as "MINT." Key affiliated companies including Sanyei International Trading (Shanghai) Co., Ltd., TRIACE LIMITED, TRIACE VIETNAM COMPANY LIMITED, Sanyei Trading (Shenzhen) Co., Ltd., Sanyei Trading Taiwan Co., Ltd., and SANYEI CORPORATION (MALAYSIA) SDN. BHD. participate to build a global supply chain.
Recent Overview
Sales increased on strong European OEM performance, but segment profit declined slightly due to a lower gross margin
In FY2026 (ending March 2026), sales in the Furniture & Household Goods Business reached ¥19,213 million (up 3.4% year on year), achieving revenue growth. In the OEM Business, sales of kitchen tools to European brands grew substantially due to strengthened overseas sales activities, with sales to Europe expanding sharply from ¥637 million in the prior period to ¥3,326 million. Meanwhile, in the Brand Business, online shop sales declined year on year due to an overall market downturn and intensifying competition. Segment profit came to ¥1,149 million (down ¥55 million year on year), mainly due to a decline in gross margin. The company is cultivating new revenue sources through the launch of the Fulfillment Business and the acquisition of a newly consolidated subsidiary in the disaster-prevention field (recording ¥545 million in goodwill).
Key Products
Growth Drivers
- Expansion of orders for kitchen tools from European brands through strengthened overseas sales activities (sales to Europe expanded approximately 5.2-fold year on year in FY2026 ending March 2026)
- Development of new customers and products and enhanced proposal capabilities in the OEM Business
- Creation of group synergies through full-scale rollout of the Fulfillment Business (external provision of e-commerce infrastructure services)
- Expansion of the e-commerce business through the M&A acquisition of a new consolidated subsidiary in the disaster-prevention field
- Continued pursuit of overseas transaction expansion and higher value-added strategies under the next medium-term management plan "SANYEI NEXT 2028"
- Maintaining cost competitiveness by leveraging the global supply chain including Malaysia and Vietnam
Risks
- Risk of fluctuations in overseas OEM orders due to economic downturns in Europe and China
- Sluggish demand in the domestic furniture and interior market for the Brand Business (overall market downturn and intensifying competition)
- Downward trend in gross margin (segment profit declined year on year again in FY2026 ending March 2026)
- Foreign exchange risk (a high proportion of overseas transactions, including those settled in US dollars, with a full-year exchange rate assumption of ¥158.00 to the US dollar)
- Risk that monetizing new businesses such as the Fulfillment Business will take time
- Risks related to business integration and realizing synergies from the newly consolidated subsidiary (¥545 million in goodwill)
Last updated: June 25, 2026