Financials
Sugi Holdings: 25 fiscal years of results, 2002–2026
- Revenue · FYE Feb 2026
- ¥1.01tn
- Operating profit · FYE Feb 2026
- ¥49bn
- Net profit · FYE Feb 2026
- ¥45bn
- Total assets
- ¥614bn
- Equity ratio
- 47.3%
- Fiscal years on record
- 25 · 2002–2026
This page carries 25 fiscal years of results, from 2002 to 2026. It is stitched from 2 sources — securities reports for the modern years, and company yearbooks or printed corporate histories for the older ones. Each column in the table below is footnoted with the one it came from. Revenue is at its highest on record in the latest year filed. No year on record closed in a net loss.
Sugi Holdings: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)| Fiscal year | Unit | 2002 *1 FYE Feb | 2003 *1 FYE Feb | 2004 *1 FYE Feb | 2005 *1 FYE Feb | 2006 *1 FYE Feb | 2007 *2 FYE Feb | 2008 *2 FYE Feb | 2009 *2 FYE Feb | 2010 FYE Feb | 2011 FYE Feb | 2012 FYE Feb | 2013 FYE Feb | 2014 FYE Feb | 2015 FYE Feb | 2016 FYE Feb | 2017 FYE Feb | 2018 FYE Feb | 2019 FYE Feb | 2020 FYE Feb | 2021 FYE Feb | 2022 FYE Feb | 2023 FYE Feb | 2024 FYE Feb | 2025 FYE Feb | 2026 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥52bn | ¥66bn | ¥87bn | ¥105bn | ¥123bn | ¥217bn | ¥248bn | ¥272bn | ¥294bn | ¥305bn | ¥327bn | ¥344bn | ¥365bn | ¥384bn | ¥415bn | ¥431bn | ¥457bn | ¥489bn | ¥542bn | ¥603bn | ¥626bn | ¥668bn | ¥745bn | ¥878bn | ¥1.01tn |
| YoY | % | — | +26.1% | +32.2% | +20.3% | +16.9% | +76.7% | +14.2% | +9.7% | +7.8% | +3.8% | +7.4% | +5.0% | +6.3% | +5.0% | +8.2% | +3.8% | +6.1% | +6.9% | +11.0% | +11.1% | +3.8% | +6.7% | +11.5% | +17.9% | +15.1% |
| Operating profit | JPY | — | — | — | — | — | ¥9.2bn | ¥11bn | ¥12bn | ¥10bn | ¥13bn | ¥17bn | ¥18bn | ¥20bn | ¥21bn | ¥23bn | ¥23bn | ¥25bn | ¥26bn | ¥30bn | ¥34bn | ¥32bn | ¥32bn | ¥37bn | ¥43bn | ¥49bn |
| YoY | % | — | — | — | — | — | — | +18.5% | +8.3% | -14.4% | +26.7% | +34.4% | +7.0% | +9.2% | +4.0% | +10.5% | -1.3% | +8.8% | +4.0% | +15.5% | +14.1% | -5.6% | -1.2% | +15.5% | +16.4% | +14.1% |
| Ordinary profit | JPY | ¥3.8bn | ¥4.7bn | ¥5.8bn | ¥5.8bn | ¥6.5bn | ¥9.8bn | ¥12bn | ¥14bn | ¥12bn | ¥15bn | ¥19bn | ¥23bn | ¥22bn | ¥22bn | ¥24bn | ¥24bn | ¥26bn | ¥27bn | ¥32bn | ¥35bn | ¥33bn | ¥32bn | ¥38bn | ¥42bn | ¥50bn |
| Net profit | JPY | ¥2.1bn | ¥2.7bn | ¥3.2bn | ¥3.1bn | ¥3.7bn | ¥3.8bn | ¥6.9bn | ¥5.4bn | ¥5.2bn | ¥9.0bn | ¥11bn | ¥13bn | ¥13bn | ¥13bn | ¥15bn | ¥15bn | ¥16bn | ¥18bn | ¥21bn | ¥21bn | ¥19bn | ¥19bn | ¥22bn | ¥26bn | ¥45bn |
| YoY | % | — | +28.6% | +18.5% | -3.1% | +19.4% | +2.7% | +81.6% | -21.7% | -3.7% | +73.1% | +26.7% | +10.5% | +1.6% | +0.8% | +13.2% | +2.1% | +10.1% | +9.1% | +16.2% | +1.4% | -8.1% | -2.1% | +15.8% | +16.8% | +75.1% |
| Operating margin | % | — | — | — | — | — | 4.2% | 4.4% | 4.3% | 3.4% | 4.2% | 5.3% | 5.4% | 5.5% | 5.4% | 5.6% | 5.3% | 5.4% | 5.3% | 5.5% | 5.6% | 5.1% | 4.7% | 4.9% | 4.9% | 4.8% |
| Net margin | % | 4.0% | 4.1% | 3.7% | 2.9% | 3.0% | 1.7% | 2.8% | 2.0% | 1.8% | 3.0% | 3.5% | 3.7% | 3.5% | 3.4% | 3.5% | 3.5% | 3.6% | 3.7% | 3.8% | 3.5% | 3.1% | 2.8% | 3.0% | 2.9% | 4.5% |
| Standard | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | |
| Basis | Parent only | Parent only | Parent only | Parent only | Parent only | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
- *1 有価証券報告書（主要な経営指標等の推移）
- *2 Securities report
Cost structure Cost of sales SG&A Operating profit Operating margin
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| Fiscal year | Unit | 2007 *1 FYE Feb | 2008 *1 FYE Feb | 2009 *1 FYE Feb | 2010 *1 FYE Feb | 2011 *1 FYE Feb | 2012 *1 FYE Feb | 2013 *1 FYE Feb | 2014 *1 FYE Feb | 2015 *1 FYE Feb | 2016 *1 FYE Feb | 2017 *1 FYE Feb | 2018 *1 FYE Feb | 2019 *1 FYE Feb | 2020 *1 FYE Feb | 2021 *1 FYE Feb | 2022 *1 FYE Feb | 2023 *1 FYE Feb | 2024 *1 FYE Feb | 2025 *1 FYE Feb | 2026 *1 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥217bn | ¥248bn | ¥272bn | ¥294bn | ¥305bn | ¥327bn | ¥344bn | ¥365bn | ¥384bn | ¥415bn | ¥431bn | ¥457bn | ¥489bn | ¥542bn | ¥603bn | ¥625bn | ¥668bn | ¥744bn | ¥878bn | ¥1.01tn |
| YoY | % | — | +14.2% | +9.7% | +7.8% | +3.8% | +7.4% | +5.0% | +6.3% | +5.1% | +8.1% | +3.8% | +6.1% | +6.9% | +11.0% | +11.2% | +3.8% | +6.7% | +11.5% | +17.9% | +15.1% |
| Cost of sales | JPY | ¥162bn | ¥185bn | ¥201bn | ¥217bn | ¥224bn | ¥239bn | ¥250bn | ¥264bn | ¥278bn | ¥299bn | ¥311bn | ¥325bn | ¥346bn | ¥380bn | ¥421bn | ¥434bn | ¥465bn | ¥516bn | ¥603bn | ¥689bn |
| SG&A | JPY | ¥46bn | ¥52bn | ¥59bn | ¥66bn | ¥68bn | ¥71bn | ¥75bn | ¥81bn | ¥85bn | ¥93bn | ¥97bn | ¥107bn | ¥116bn | ¥132bn | ¥148bn | ¥159bn | ¥171bn | ¥192bn | ¥232bn | ¥273bn |
| Operating profit | JPY | ¥9.3bn | ¥11bn | ¥12bn | ¥10bn | ¥13bn | ¥17bn | ¥18bn | ¥20bn | ¥21bn | ¥23bn | ¥23bn | ¥25bn | ¥26bn | ¥30bn | ¥34bn | ¥32bn | ¥32bn | ¥37bn | ¥43bn | ¥49bn |
| YoY | % | — | +17.6% | +8.9% | -14.4% | +25.9% | +34.7% | +7.0% | +9.1% | +3.8% | +10.8% | -1.2% | +8.4% | +4.3% | +15.3% | +14.4% | -5.6% | -1.5% | +15.7% | +16.2% | +14.1% |
| Operating margin | % | 4.3% | 4.4% | 4.4% | 3.5% | 4.2% | 5.3% | 5.4% | 5.5% | 5.4% | 5.6% | 5.3% | 5.4% | 5.3% | 5.5% | 5.6% | 5.1% | 4.7% | 4.9% | 4.8% | 4.8% |
| Change | pp | — | +0.1pp | 0.0pp | -0.9pp | +0.7pp | +1.1pp | +0.1pp | +0.1pp | -0.1pp | +0.2pp | -0.3pp | +0.1pp | -0.1pp | +0.2pp | +0.1pp | -0.5pp | -0.4pp | +0.2pp | -0.1pp | 0.0pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| Fiscal year | Unit | 2012 *1 FYE Feb | 2013 *1 FYE Feb | 2014 *1 FYE Feb | 2015 *1 FYE Feb | 2016 *1 FYE Feb | 2017 *1 FYE Feb | 2018 *1 FYE Feb | 2019 *1 FYE Feb | 2020 *1 FYE Feb | 2021 *1 FYE Feb | 2022 *1 FYE Feb | 2023 *1 FYE Feb | 2024 *1 FYE Feb | 2025 *1 FYE Feb | 2026 *1 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | JPY | ¥154bn | ¥165bn | ¥182bn | ¥210bn | ¥218bn | ¥231bn | ¥254bn | ¥265bn | ¥314bn | ¥346bn | ¥335bn | ¥352bn | ¥391bn | ¥495bn | ¥614bn |
| YoY | % | — | +6.7% | +10.6% | +15.3% | +3.7% | +5.8% | +10.1% | +4.5% | +18.2% | +10.3% | -3.2% | +5.1% | +11.0% | +26.8% | +24.1% |
| Equity | JPY | ¥93bn | ¥104bn | ¥115bn | ¥124bn | ¥137bn | ¥149bn | ¥162bn | ¥167bn | ¥183bn | ¥201bn | ¥214bn | ¥217bn | ¥233bn | ¥251bn | ¥290bn |
| YoY | % | — | +11.5% | +10.4% | +8.3% | +10.1% | +8.8% | +8.9% | +2.8% | +9.7% | +9.8% | +6.6% | +1.2% | +7.8% | +7.4% | +15.9% |
| Interest-bearing debt | JPY | — | — | — | — | — | — | — | — | — | — | — | — | ¥0.5bn | ¥45bn | ¥90bn |
| Equity ratio | % | 60.4% | 63.1% | 63.0% | 59.1% | 62.8% | 64.5% | 63.8% | 62.7% | 58.2% | 58.0% | 63.9% | 61.5% | 59.8% | 50.6% | 47.3% |
| Change | pp | — | +2.7pp | -0.1pp | -3.9pp | +3.7pp | +1.7pp | -0.7pp | -1.1pp | -4.5pp | -0.2pp | +5.9pp | -2.4pp | -1.7pp | -9.2pp | -3.3pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF
Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| Fiscal year | Unit | 2010 *1 FYE Feb | 2011 *1 FYE Feb | 2012 *1 FYE Feb | 2013 *1 FYE Feb | 2014 *1 FYE Feb | 2015 *1 FYE Feb | 2016 *1 FYE Feb | 2017 *1 FYE Feb | 2018 *1 FYE Feb | 2019 *1 FYE Feb | 2020 *1 FYE Feb | 2021 *1 FYE Feb | 2022 *1 FYE Feb | 2023 *1 FYE Feb | 2024 *1 FYE Feb | 2025 *1 FYE Feb | 2026 *1 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | JPY | ¥5.5bn | ¥18bn | ¥19bn | ¥13bn | ¥17bn | ¥31bn | ¥13bn | ¥17bn | ¥28bn | ¥23bn | ¥45bn | ¥34bn | ¥7.2bn | ¥38bn | ¥39bn | ¥37bn | ¥87bn |
| YoY | % | — | +223.3% | +7.8% | -30.7% | +29.8% | +80.8% | -57.5% | +27.7% | +63.0% | -16.9% | +98.1% | -25.0% | -78.9% | +433.6% | +2.0% | -5.4% | +134.9% |
| Investing CF | JPY | -¥7.2bn | -¥14bn | -¥14bn | -¥13bn | -¥16bn | -¥9.1bn | -¥9.0bn | -¥18bn | -¥18bn | -¥22bn | -¥18bn | -¥29bn | -¥24bn | -¥23bn | -¥31bn | -¥33bn | -¥70bn |
| Financing CF | JPY | -¥0.8bn | -¥0.8bn | -¥0.9bn | -¥2.0bn | -¥2.0bn | -¥2.8bn | -¥2.5bn | -¥3.5bn | -¥3.4bn | -¥14bn | -¥4.9bn | -¥5.3bn | -¥5.3bn | -¥14bn | -¥5.3bn | ¥12bn | ¥41bn |
| Cash & equivalents | JPY | ¥22bn | ¥24bn | ¥29bn | ¥27bn | ¥26bn | ¥45bn | ¥46bn | ¥41bn | ¥48bn | ¥34bn | ¥56bn | ¥56bn | ¥34bn | ¥35bn | ¥37bn | ¥53bn | ¥111bn |
| YoY | % | — | +11.5% | +18.1% | -6.8% | -4.2% | +75.5% | +3.8% | -10.8% | +15.1% | -28.0% | +64.2% | -0.9% | -39.4% | +2.3% | +8.0% | +41.0% | +110.8% |
- *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| Fiscal year | Unit | 2006 *1 FYE Feb | 2007 *1 FYE Feb | 2008 *1 FYE Feb | 2009 *1 FYE Feb | 2010 *1 FYE Feb | 2011 *1 FYE Feb | 2012 *1 FYE Feb | 2013 *1 FYE Feb | 2014 *1 FYE Feb | 2015 *1 FYE Feb | 2016 *1 FYE Feb | 2017 *1 FYE Feb | 2018 *1 FYE Feb | 2019 *1 FYE Feb | 2020 *1 FYE Feb | 2021 *1 FYE Feb | 2022 *1 FYE Feb | 2023 *1 FYE Feb | 2024 *1 FYE Feb | 2025 *1 FYE Feb | 2026 *1 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | % | — | 4.3% | 4.4% | 4.4% | 3.5% | 4.2% | 5.3% | 5.4% | 5.5% | 5.4% | 5.6% | 5.3% | 5.4% | 5.3% | 5.5% | 5.6% | 5.1% | 4.7% | 4.9% | 4.8% | 4.8% |
| Change | pp | — | — | +0.1pp | 0.0pp | -0.9pp | +0.7pp | +1.1pp | +0.1pp | +0.1pp | -0.1pp | +0.2pp | -0.3pp | +0.1pp | -0.1pp | +0.2pp | +0.1pp | -0.5pp | -0.4pp | +0.2pp | -0.1pp | 0.0pp |
| Net margin | % | 3.0% | 1.8% | 2.8% | 2.0% | 1.8% | 3.0% | 3.5% | 3.7% | 3.5% | 3.4% | 3.5% | 3.5% | 3.6% | 3.7% | 3.8% | 3.5% | 3.1% | 2.8% | 3.0% | 2.9% | 4.5% |
| Change | pp | — | -1.2pp | +1.0pp | -0.8pp | -0.2pp | +1.2pp | +0.5pp | +0.2pp | -0.2pp | -0.1pp | +0.1pp | 0.0pp | +0.1pp | +0.1pp | +0.1pp | -0.3pp | -0.4pp | -0.3pp | +0.2pp | -0.1pp | +1.6pp |
| ROE | % | — | — | — | — | — | — | 12.3% | 12.2% | 11.2% | 10.3% | 10.7% | 10.0% | 10.1% | 10.8% | 11.4% | 10.5% | 9.1% | 8.8% | 9.4% | 10.2% | 15.5% |
| Change | pp | — | — | — | — | — | — | — | -0.1pp | -1.0pp | -0.9pp | +0.4pp | -0.7pp | +0.1pp | +0.7pp | +0.6pp | -0.9pp | -1.4pp | -0.3pp | +0.6pp | +0.8pp | +5.3pp |
| Equity ratio | % | — | — | — | — | — | — | 60.4% | 63.1% | 63.0% | 59.1% | 62.8% | 64.5% | 63.8% | 62.7% | 58.2% | 58.0% | 63.9% | 61.5% | 59.8% | 50.6% | 47.3% |
| Change | pp | — | — | — | — | — | — | — | +2.7pp | -0.1pp | -3.9pp | +3.7pp | +1.7pp | -0.7pp | -1.1pp | -4.5pp | -0.2pp | +5.9pp | -2.4pp | -1.7pp | -9.2pp | -3.3pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Revenue in US dollars Revenue (US$m)
The revenue line above, converted at the average ¥/US$ rate of each figure’s own year — never today’s.
Between 2002–2026, Sugi Holdings’s revenue grew 19-fold in yen (13.1% a year). Converted at each year’s own average rate, the same span is 15-fold in dollars (12.0% a year), from $418m to $6.4bn. The dollar figure grew more slowly because the yen weakened over the period: part of the growth an investor sees in yen does not survive translation into dollars.
| Fiscal year | Unit | 2002 *4 FYE Feb | 2003 *4 FYE Feb | 2004 *4 FYE Feb | 2005 *4 FYE Feb | 2006 *4 FYE Feb | 2007 *4 FYE Feb | 2008 *4 FYE Feb | 2009 *4 FYE Feb | 2010 *4 FYE Feb | 2011 *4 FYE Feb | 2012 *4 FYE Feb | 2013 *4 FYE Feb | 2014 *4 FYE Feb | 2015 *4 FYE Feb | 2016 *4 FYE Feb | 2017 *4 FYE Feb | 2018 *4 FYE Feb | 2019 *4 FYE Feb | 2020 *4 FYE Feb | 2021 *4 FYE Feb | 2022 *4 FYE Feb | 2023 *4 FYE Feb | 2024 *4 FYE Feb | 2025 *4 FYE Feb | 2026 *4,5 FYE Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | USD | $418m | $570m | $808m | $954m | $1.1bn | $1.8bn | $2.4bn | $2.9bn | $3.3bn | $3.8bn | $4.1bn | $3.5bn | $3.5bn | $3.2bn | $3.8bn | $3.8bn | $4.1bn | $4.5bn | $5.1bn | $5.5bn | $4.8bn | $4.8bn | $4.9bn | $5.9bn | $6.4bn |
| YoY | % | — | +36.3% | +41.7% | +18.1% | +10.8% | +74.5% | +30.2% | +21.2% | +14.9% | +14.2% | +7.4% | -14.2% | -2.0% | -8.1% | +20.3% | +0.8% | +7.8% | +8.3% | +13.3% | +8.1% | -13.3% | -0.2% | +3.4% | +19.4% | +8.9% |
| Revenue as filed | JPY | ¥52bn | ¥66bn | ¥87bn | ¥105bn | ¥123bn | ¥217bn | ¥248bn | ¥272bn | ¥294bn | ¥305bn | ¥327bn | ¥344bn | ¥365bn | ¥384bn | ¥415bn | ¥431bn | ¥457bn | ¥489bn | ¥542bn | ¥603bn | ¥626bn | ¥668bn | ¥745bn | ¥878bn | ¥1.01tn |
| Rate applied | ¥/US$ | ¥125.28 | ¥115.92 | ¥108.16 | ¥110.15 | ¥116.28 | ¥117.77 | ¥103.33 | ¥93.53 | ¥87.77 | ¥79.78 | ¥79.79 | ¥97.60 | ¥105.84 | ¥121.02 | ¥108.84 | ¥112.16 | ¥110.40 | ¥109.01 | ¥106.78 | ¥109.78 | ¥131.37 | ¥140.51 | ¥151.50 | ¥149.65 | ¥158.16 |
- *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
- *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
- *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
- *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
- *5 Provisional — part-year average, not a full calendar year.
Reporting basis
Which accounting standard each stretch of the series was filed under, and whether the accounts are consolidated.
The series crosses 2 reporting regimes — parent-only Japanese GAAP for 2002–2006; and consolidated Japanese GAAP for 2007–2026. Figures are not strictly comparable across a change of basis: consolidation in particular adds subsidiaries that were previously outside the accounts.
| Fiscal years | Standard | Basis | Years |
|---|---|---|---|
| 2002–2006 | Japanese GAAP | parent-only | 5 |
| 2007–2026 | Japanese GAAP | consolidated | 20 |
All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →
Read the company history → 日本語版（詳細）— full financial data in Japanese →
Data API
Sugi Holdings’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
Full specification →
/api/7649/manifest.json ·/api/7649/history.json ·/api/7649/timeline.json ·/api/7649/decisions.json ·/api/7649/executives.json ·/api/7649/shareholders.json ·/api/7649/financials.json ·/api/7649/financials-longterm.json ·/api/7649/segments.json ·/api/7649/regions.json ·/api/7649/workforce.json · /api/7649/decisions/{slug}.json