SANKO GOSEI Reports Positive Earnings Results for Q3 of FY2023
April 16, 2023
Earnings Overview
On April 13 2023, SANKO GOSEI ($TSE:7888) reported their earnings results for the third quarter of FY2023 ending on February 28 2023. Total revenue was JPY 170.0 million, a remarkable 63.5% year-on-year increase, while their net income rose 15.0% to JPY 18747.0 million compared to the same period in the previous year.
Price History
This is an impressive feat considering the challenging market conditions the firm has faced this year, including the pandemic-induced downturn in global markets and the effect on the Japanese economy. The company also believes that its presence in the global markets has been key in maintaining its growth, with exports accounting for a significant portion of its revenues. Overall, SANKO GOSEI has had a positive quarter and looks to continue its growth trajectory in the coming quarters as well. With its focus on cost savings, efficiency improvements and its presence in global markets, SANKO GOSEI is well-positioned to deliver sustainable and profitable growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sanko Gosei. More…
| Total Revenues | Net Income | Net Margin |
| 77.44k | 2.61k | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sanko Gosei. More…
| Operations | Investing | Financing |
| 6.08k | -2.35k | -2.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sanko Gosei. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 61.65k | 36.8k | 800.88 |
Key Ratios Snapshot
Some of the financial key ratios for Sanko Gosei are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 33.1% | 5.1% |
| FCF Margin | ROE | ROA |
| 4.5% | 10.1% | 4.0% |
Analysis
At GoodWhale, we conducted an analysis of SANKO GOSEI‘s fundamentals. According to our Risk Rating, SANKO GOSEI is a medium risk investment in terms of both financial and business aspects. We found two risk warnings in SANKO GOSEI’s income sheet and balance sheet. To find out more details about these risk warnings, become a registered user on our platform. Our platform provides detailed insights into SANKO GOSEI’s financials, allowing you to make more informed decisions when it comes to investing. More…
Peers
The competition between Sanko Gosei Ltd and its competitors, Gallant Precision Machining Co Ltd, Tradetool Auto Co Ltd, and Anhui Higasket Plastics Co Ltd, is intense. For decades, these companies have been vying for supremacy in the industry, producing ever-more advanced and innovative products in the face of increasingly complex global markets. By investing heavily in research and development and utilising the latest technological advances, each company has sought to gain an edge over its rivals.
– Gallant Precision Machining Co Ltd ($TPEX:5443)
Gallant Precision Machining Co Ltd is a leading global provider of machining services. The company specializes in the production and supply of high precision components for a variety of industries, including aerospace, automotive, medical, and consumer products. With a market cap of 4.73B as of 2023, Gallant Precision Machining Co Ltd is well positioned to continue its growth trajectory. Furthermore, its Return on Equity (ROE) of 15.58% sets it apart from its competitors as it demonstrates the company’s ability to efficiently generate returns on its investments.
– Tradetool Auto Co Ltd ($TPEX:3685)
Tradetool Auto Co Ltd is an automotive manufacturing and distribution company based in China. As of 2023, their market capitalization has reached 1.69 Billion USD, making them a large player in the automotive industry. Unfortunately, their Return on Equity for the same period was -3.02% which is below the benchmark of the industry. The company produces a wide range of vehicles, including cars, trucks, and motorcycles, for both domestic and international markets, and offers parts and services for customers around the world. They also specialize in manufacturing electric vehicles, which has helped them to stay ahead of the competition in an increasingly competitive market.
– Anhui Higasket Plastics Co Ltd ($SHSE:603150)
Anhui Higasket Plastics Co Ltd is a Chinese plastics manufacturing company that produces and supplies plastic raw materials, plastic products, and other plastic related products. As of 2023, the company has a market cap of 2.26B, which indicates its size and market presence. Additionally, the company has achieved an impressive Return on Equity of 8.94%, indicating that it is efficiently using its invested capital and generating a sizeable return.
Summary
SANKO GOSEI has reported strong results for the third quarter of FY2023, with total revenue of JPY 170.0 million, a 63.5% increase from the previous year, and net income of JPY 18747.0 million, a 15.0% increase year-on-year. This performance demonstrates SANKO GOSEI’s ability to generate growth and profitability, making it an attractive option for investors. Its impressive financial performance is further bolstered by its strong balance sheet, showing that SANKO GOSEI is well-positioned to continue delivering solid returns to shareholders. The company’s prospects are optimistic and investors should consider taking advantage of this opportunity to grow their portfolio with SANKO GOSEI’s share price.
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