Sangetsu Corporation

The wallpaper "ELEMENTUM™" won the iF Design Award 2026, achieving its fifth award over three consecutive years. The company offers approximately 12,000 products across about 30 major sample books annually, with continuous product development capability that renews roughly one-third of the lineup each year. Group company Crenate is the largest domestic wallpaper manufacturer, and it began operations at a new Hiroshima plant in October 2025, establishing a production system with two bases in Eastern Japan and one in Western Japan.

The group holds manufacturing (Crenate), logistics (SDS, Cross Kikaku), and construction (Fairtone) functions in-house, building a system that can handle everything from product planning to delivery and installation. In April 2025, the group brought SDS Corporation, which has a nationwide delivery network, into the group, strengthening logistics functions from Tohoku to Kyushu. The company is also promoting productivity improvements through the introduction of labor-saving equipment.

As of the end of FY2026 (ending March 2026), the equity ratio was 64.3% and total net assets were ¥122,259 million. ROE was 12.5%, exceeding the medium-term management plan target of 11.5%. The company achieved an annual dividend of ¥155 per share (planned for the 12th consecutive year of increase), having paid out ¥26.14 billion in dividends over the previous three-year medium-term management plan. The company has a financial foundation with cash and cash equivalents of ¥35,010 million, significantly exceeding the plan.

The company has defined its target corporate image as "a company that creates culture in interiors, starting from materials and design," and has set targets of net sales of ¥250,000 million and operating profit of ¥25,000 million for FY2030 (ending March 2030). It will strengthen the Interior business as its core growth driver and accelerate Overseas growth in North America and Asia.

With the start of operations at Creanate Corporation's new Hiroshima plant (October 2025), the company has established a production system consisting of two sites in Eastern Japan and one in Western Japan. Through the incorporation of SDS Corporation into the group, logistics functions have been strengthened, and the introduction of labor-saving equipment addresses rising logistics costs, promoting greater resilience in the supply chain.

With the publication of the sample book for the New Building Material "INNO PANEL®," which significantly shortens the construction process, and the decision to handle Sweden's BOLON products domestically (sales to begin sequentially from FY2026), the company is strengthening its product lineup to capture both labor-saving construction needs and the high-end market.

In North America, increased revenue and profit have become established through strengthened management foundations and successful sales strategies. In Southeast Asia, the Interior wholesale business has achieved profitability. In China & Hong Kong, losses have narrowed through management restructuring and streamlining. D'Perception Pte Ltd's design and construction business aims to become profitable after incurring one-time losses.

The Total Space Business (including Fairtone Co., Ltd.) is growing steadily by leveraging synergies with the Interior sales network. The Exterior business (Sun Green Co., Ltd.) achieved a significant improvement, with operating profit of ¥118 million in FY2026 (ending March 2026) (up 586.7% year on year), driven by strengthening its base in the Kanto region and expanding non-residential orders. The company will continue to nurture this expanded domain over the medium to long term, leveraging its strengths in Interior across business lines.