Sanwa Holdings Cuts FY26 Profit Outlook Despite Higher Dividend, Shares Jump 11.4%

Sanwa Holdings Corp. (SNWAF, 5929.T) lowered its full-year attributable profit guidance on Friday while reporting a decline in first-half fiscal 2026 earnings, even as revenue rose. The Japanese door and building products maker now expects attributable profit of ¥45 billion, a 24.7% cut from its prior ¥60 billion estimate, and basic EPS of ¥217.20 versus ¥288.08 previously. For the first half, profit attributable to owners fell 16.3% to ¥22.14 billion, or ¥105.99 per share, from ¥26.45 billion, or ¥123.99 per share, a year earlier. Operating profit declined 12.9% to ¥29.33 billion, while net sales grew 2.6% to ¥317.39 billion. The company maintained its sales outlook at ¥677 billion but trimmed operating profit guidance to ¥72 billion from ¥81 billion. It raised its annual dividend forecast to ¥169 per share from ¥146, including a ¥14 commemorative dividend. Shares closed 11.38% higher at ¥3,935.0 on the Tokyo Stock Exchange.