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Miratap Inc.

3187.T

JPXIndustrialsIndustrial - Distribution

Latest quote

¥362

−¥9.00 · -2.43%

Aug 24, 3:30 PM JST

3187.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Established in 1979 and headquartered in Osaka, Japan, Sanwa Company Ltd. specializes in the procurement, distribution, and installation of building materials throughout Japan. The company also dedicates efforts to the design and development of various home equipment. Its extensive product portfolio encompasses solutions for kitchens, featuring complete system and compact kitchens, cabinetry, integrated units, range hoods, and a wide array of related appliances, accessories, storage solutions, countertops, and panels. For washroom and bathroom areas, Sanwa supplies everything from washbasins, vanities, faucets, and mirrors to full bath systems, bathtubs, shower enclosures, and toilet-related amenities, including various accessories and storage options. The company further offers diverse door types, including interior fittings and entrance doors, alongside a broad selection of storage products for shoes, walls, closets, kitchens, and washrooms. Flooring options are comprehensive, ranging from laminated, solid, and pet-friendly varieties to baseboards. Additionally, Sanwa provides a variety of tiles, natural stone materials for counters, slabs, and frames, plus both resin and natural wood decking with associated hardware. Its product lines extend to wall and panel materials, including decorative, wood, and functional panels, as well as painting and general wall finishes. Interior furnishings and ironworks, such as decorative grills and gates, are also available. Completing its offerings are miscellaneous interior building materials like carpets, stairs, handrails, lighting, and PVC tiles, alongside a range of exterior building components. Customers can explore and purchase Sanwa's products at its showrooms situated in key Japanese cities like Tokyo, Osaka, Nagoya, Sendai, Yokohama, and Fukuoka, or through its convenient online platform.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
JP
CEO
Taro Yamane
Listed since
Sep 17, 2013
Employees
289

Market position

Day range

Current ¥362

52-week range

Current ¥362

Open
¥363
Previous close
¥371
Volume
40.9K
0.83× average
Average volume
49.49K
Average daily volume
Market cap
6.52B JPY
Beta
0.04
Market reference 1
50-day average
¥295.54
+22.49% above average
200-day average
¥269.67
+34.24% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.59B JPY
P/E (TTM)
-136.6×
P/B (TTM)
2.11×
P/S (TTM)
0.41×
EV / EBITDA
-98.11×
Earnings yield
-7.77%
Free cash flow yield
-5.93%
Dividend yield
0.83%

Profitability & efficiency

Gross margin
36.60%
Operating margin
0.98%
Net margin
-0.30%
Return on equity
-15.42%
Return on assets
-4.99%
Return on invested capital
-2.74%

Financial health

Debt / equity
0.78×
Current ratio
1.05×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%25%9%-7%Gross margin, FY2021: 34.43%Gross margin, FY2022: 36.41%Gross margin, FY2023: 35.73%Gross margin, FY2024: 35.25%Gross margin, FY2025: 34.91%Operating margin, FY2021: 2.40%Operating margin, FY2022: 7.18%Operating margin, FY2023: 6.79%Operating margin, FY2024: 5.10%Operating margin, FY2025: -1.69%Net margin, FY2021: -0.45%Net margin, FY2022: 4.57%Net margin, FY2023: 3.39%Net margin, FY2024: 3.94%Net margin, FY2025: -2.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.43%. Gross margin FY2022 36.41%. Gross margin FY2023 35.73%. Gross margin FY2024 35.25%. Gross margin FY2025 34.91%. Operating margin FY2021 2.40%. Operating margin FY2022 7.18%. Operating margin FY2023 6.79%. Operating margin FY2024 5.10%. Operating margin FY2025 -1.69%. Net margin FY2021 -0.45%. Net margin FY2022 4.57%. Net margin FY2023 3.39%. Net margin FY2024 3.94%. Net margin FY2025 -2.67%.

Income trends

Revenue

16.75B JPY+3.87%

Operating income

−282.31M JPY−1.1B JPY

Net income

−447.89M JPY−1.08B JPY
Income trends across reported periods18.47B JPY11.59B JPY4.71B JPY−2.17B JPYRevenue, FY2021: 11.26B JPYRevenue, FY2022: 13.26B JPYRevenue, FY2023: 15.5B JPYRevenue, FY2024: 16.12B JPYRevenue, FY2025: 16.75B JPYOperating income, FY2021: 270.01M JPYOperating income, FY2022: 951.83M JPYOperating income, FY2023: 1.05B JPYOperating income, FY2024: 822.68M JPYOperating income, FY2025: −282.31M JPYNet income, FY2021: −50.9M JPYNet income, FY2022: 606.24M JPYNet income, FY2023: 525.01M JPYNet income, FY2024: 635.33M JPYNet income, FY2025: −447.89M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.26B JPY. Revenue FY2022 13.26B JPY. Revenue FY2023 15.5B JPY. Revenue FY2024 16.12B JPY. Revenue FY2025 16.75B JPY. Operating income FY2021 270.01M JPY. Operating income FY2022 951.83M JPY. Operating income FY2023 1.05B JPY. Operating income FY2024 822.68M JPY. Operating income FY2025 −282.31M JPY. Net income FY2021 −50.9M JPY. Net income FY2022 606.24M JPY. Net income FY2023 525.01M JPY. Net income FY2024 635.33M JPY. Net income FY2025 −447.89M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue16.75B JPY16.12B JPY15.5B JPY13.26B JPY11.26B JPY
Cost of goods sold10.9B JPY10.44B JPY9.96B JPY8.43B JPY7.38B JPY
Gross profit5.85B JPY5.68B JPY5.54B JPY4.83B JPY3.88B JPY
Selling, general, and administrative6.13B JPY4.86B JPY4.48B JPY3.88B JPY3.59B JPY
Operating expenses6.13B JPY4.86B JPY4.48B JPY3.88B JPY3.61B JPY
Interest income1.55M JPY89K JPY17K JPY6K JPY624K JPY
Interest expense33.04M JPY18M JPY19.85M JPY6.49M JPY2.66M JPY
Depreciation and amortization204.94M JPY166.21M JPY196.76M JPY122.77M JPY159.75M JPY
Operating income−282.31M JPY822.68M JPY1.05B JPY951.83M JPY270.01M JPY
Net income−447.89M JPY635.33M JPY525.01M JPY606.24M JPY−50.9M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1.24

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates10.431.15-8.12-17.4Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 7.26, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual -8.02, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 2.1, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual -3.12, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual -15.48, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 3.2, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 8.51, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 1.24, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.6B4.28B3.96B3.65BQ4 '24BeatQ1 '25No estimateQ2 '25BeatQ3 '25MissQ3 '25MissQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 14, 2024: actual 3.98B JPY, estimate 3.96B JPY, surprise +0.58%, Beat. Q1 2025, reported Feb 14, 2025: actual 4.16B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 4.42B JPY, estimate 4.38B JPY, surprise +0.99%, Beat. Q3 2025, reported Aug 7, 2025: actual 4.01B JPY, estimate 4.21B JPY, surprise -4.82%, Miss. Q3 2025, reported Sep 30, 2025: actual 4.16B JPY, estimate 4.21B JPY, surprise -1.28%, Miss. Q1 2026, reported Feb 13, 2026: actual 3.82B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 4.06B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 4B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥3.00

2025 complete year0.0% since 2021

Corporate action history

Dividend

Ex-dividend Sep 29, 2025

¥3.00

Annual

Record Sep 30, 2025 · Payment Dec 26, 2025

Dividend

Ex-dividend Sep 27, 2024

¥10.00

Annual

Record Sep 30, 2024 · Payment Dec 27, 2024

Dividend

Ex-dividend Sep 28, 2023

¥10.00

Annual

Record Sep 30, 2023 · Payment Dec 27, 2023

Dividend

Ex-dividend Sep 29, 2022

¥10.00

Annual

Record Sep 30, 2022 · Payment Dec 28, 2022

Dividend

Ex-dividend Sep 29, 2021

¥3.00

Annual

Record Sep 30, 2021 · Payment Dec 27, 2021

Dividend

Ex-dividend Sep 29, 2020

¥3.00

Annual

Record Sep 30, 2020 · Payment Dec 28, 2020

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