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Overview
Electric Appliances

Sanken Electric Co.,Ltd.

Sanken Electric is a power electronics semiconductor company that designs and manufactures a broad range of semiconductor devices including motor driver ICs, power management ICs, intelligent power modules (IPMs), and discrete semiconductors. The company serves diverse end markets including home appliances, automotive (xEV), and industrial equipment, providing power conversion solutions with certified functional safety development processes (ISO 26262, ASIL D). Key competitive strengths include proprietary high-voltage and high-current power module technologies, such as the SAM4 series for electric vehicle auxiliary systems, as well as a collaboration with Minebea Power Device for consumer and industrial power module businesses.

Market Cap
¥119B
US$759M
EV
¥153B
US$976M
Stock¥5,963▼-0.07%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-42.1%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 9, 26Market-wide: Selling following TOPIX decline of -3.8%
2Mar 23, 26Oasis Management Company Ltd. changed stake (7.81%→9.37%)
3May 1, 26Oasis Management Company Ltd. changed stake (9.37%→2.83%)
4Jun 16, 26Effissimo Capital Management Pte. Ltd. changed stake (28.65%→34.37%)
5Aug 25, 26Effissimo Capital Management Pte. Ltd. changed stake (34.37%→34.37%)
MC → EV Bridge
119BUS$759MMarket Cap81.1BUS$516M+ Debt29.0BUS$185M− Cash18.0BUS$114M− Inv. Sec.153BUS$976MEV
AI Briefing
Power electronics supplier to auto, appliance and industrial markets, pushing into EV high-voltage modules (SAM4 series) via Minebea Power Device tie-up. FY26/3 revenue ¥80.2B with operating loss ¥4.7B (-5.9%), extending a multi-year revenue collapse from ¥235B in FY24/3 amid negative LTM EBITDA. Top shareholder register dominated by foreign institutions/prime brokers (GS, Citi, BofA, ECM); turnaround hinges on forward EBITDA recovery to ¥6.7B against ¥81.1B debt load.
Performance & Balance
Revenue 5Y (¥B)
176US$1.12B'22/3225US$1.44B'23/3235US$1.50B'24/3122US$774M'25/380.2US$511M'26/3
EBITDA 5Y (¥B)
27.0US$172M'22/341.8US$266M'23/340.4US$257M'24/37.06US$44.9M'25/30.64US$4.04M'26/3
Net Income 5Y (¥B)
3.20US$20.4M'22/39.53US$60.7M'23/3-8.11-US$51.7M'24/350.9US$324M'25/3-9.80-US$62.4M'26/3
Capital Structure
60%
40%
EquityD/E 0.68xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
61.4US$391M67.4US$429M'22/371.0US$452M82.1US$523M'23/353.4US$340M141US$896M'24/367.0US$427M63.1US$402M'25/351.2US$326M80.5US$513M'26/3
Shareholders
Top 10 hold 61.6%
as of 2026-03-31 · Source: Annual Securities Report
1
Goldman Sachs International (Standing Proxy: Goldman Sachs Securities Co., Ltd.)
14.63%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.44%
3
CGML PB CLIENT ACCOUNT/COLLATERAL (Standing Proxy: Citibank, N.A., Tokyo Branch)
6.69%
4
ECM MF (Standing Proxy: Tachibana Securities Co., Ltd.)
5.59%
5
MLI FOR SEGREGATED PB CLIENT (Standing Proxy: BofA Securities Japan Co., Ltd.)
4.98%
6
MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY PB (Standing Proxy: BofA Securities Japan Co., Ltd.)
4.84%
7
Saitama Resona Bank, Limited
4.66%
8
JPMSPLC CLIENT ASSETS SK JPY (Standing Proxy: Citibank, N.A., Tokyo Branch)
4.64%
9
Santera (Cayman) Limited as Trustee of ECM Master Fund (Standing Proxy: Goldman Sachs Securities Co., Ltd.)
4.51%
10
Goldman Sachs & Co. Regular Account (Standing Proxy: Goldman Sachs Securities Co., Ltd.)
2.67%
Management
11 officers
Hiroshi TAKAHASHI
Representative Director, President and CEO
Apr 1986 Joined the Company Apr 2012 Deputy General Manager, MCD Business Division, Technology Division Apr 2015 General Manager, MCBD Business Management Division, Technology Division Apr 2018 General Manager, Production Division, Device Business Division Jun 2018 Executive Officer Jun 2020 Director, Senior Executive Officer Jun 2021 Representative Director, President Apr 2025 Representative Director, President and CEO (current)
1964-02-01
Katsumi KAWASHIMA
Director (Managing Executive Officer, CFO), General Manager, Corporate Design Division
Apr 1989 Joined The Saitama Bank, Ltd. (now Saitama Resona Bank, Ltd.) Apr 2008 General Manager, Miyashiro Branch, Saitama Resona Bank, Ltd. Jul 2010 General Manager, Motokawagoe Branch, Saitama Resona Bank, Ltd. Apr 2014 General Manager, Kasukabe Branch, Saitama Resona Bank, Ltd. Apr 2016 General Manager, Market Planning Division, Resona Holdings, Inc. Apr 2018 Seconded to the Company, Deputy General Manager, General Affairs and Human Resources Division Apr 2019 Transferred to the Company Apr 2021 General Manager, General Affairs and Human Resources Division Jun 2021 Executive Officer Apr 2022 General Manager, Corporate Design Division (current) Jun 2022 Director, Senior Executive Officer Jun 2023 Director, Managing Executive Officer Apr 2025 Director, Managing Executive Officer, CFO (current)
1964-07-30
Mizuki UTSUNO
Director (Senior Executive Officer), General Manager, Business Promotion Division
Apr 1986 Joined DC Pack Co., Ltd. Oct 1987 Joined SET Engineering Co., Ltd. Oct 1996 Joined the Company May 2016 Representative Director, President, Fukushima Sanken Co., Ltd. Apr 2018 General Manager, Marketing Division, Technology Division, Device Business Division Apr 2021 General Manager, Business Promotion Division and General Manager, Promotion Management Division, Semiconductor Business Division Jun 2021 Executive Officer Apr 2022 General Manager, Business Promotion Division and General Manager, Promotion Management Division Jun 2022 Director, Senior Executive Officer (current) Apr 2023 General Manager, Business Promotion Division (current)
1965-05-03
Sunao SATO
Director
Apr 1990 Joined Esso Sekiyu K.K. (now ENEOS Corporation) Apr 2000 Joined Investment Banking Division, Nikko Solomon Smith Barney Co., Ltd. (now Citigroup Securities Co., Ltd.) Apr 2009 Head, TMT (Technology, Media and Telecommunications) Group, Nikko Solomon Smith Barney Co., Ltd. Jan 2010 Managing Director, Nikko Solomon Smith Barney Co., Ltd. Mar 2013 Managing Director, SMBC Nikko Securities Inc. Mar 2015 General Manager, First Investment Banking Department, SMBC Nikko Securities Inc. Apr 2019 Representative Director, SAS Co., Ltd. (current) Oct 2019 Vice Chairman, Investment Banking Division, Deutsche Securities Inc. Mar 2025 Chairman, TMT Group, Asia Pacific Investment Banking Division, Deutsche Securities Inc. Jun 2026 Outside Director, the Company (current)
1966-08-16
Yasuhisa KATO
Director, Full-time Audit and Supervisory Committee Member
Apr 1985 Joined the Company Apr 2015 General Manager, Quality Control Division, Production Division Apr 2021 General Manager, Quality Control Division, Business Promotion Division, Semiconductor Business Division Jun 2021 Executive Officer Oct 2021 Chairman, Governance Subcommittee, Sustainability Committee Apr 2022 Senior Advisor to the President Jun 2022 Audit and Supervisory Board Member Jun 2023 Director, Full-time Audit and Supervisory Committee Member (current)
1962-12-07
Tatsuaki SEGI
Director
Apr 1983 Joined Epson Corporation (now Seiko Epson Corporation) Jun 2016 Director, Executive Officer in charge of Compliance, General Manager, Management Division, Epson Corporation Jun 2019 Managing Executive Officer, Epson Corporation Oct 2020 General Manager, Management Strategy and Management Division; Head of Sustainability Promotion Office, Epson Corporation Apr 2022 Senior Managing Executive Officer, Epson Corporation Apr 2023 Representative Director, Epson Corporation Jun 2024 Retired as Director, Epson Corporation Jun 2025 Outside Director, the Company (current) Jun 2025 Outside Director, Keio Corporation (current)
1960-12-26
Osamu YANAGISAWA
Director
Jan 2001 Joined General Electric International, Inc. Oct 2008 Joined Intel K.K. Oct 2015 Representative Director and CEO, Smart Lend Co., Ltd. Jan 2017 Representative Director and CEO, PGV Co., Ltd. Dec 2024 Executive Officer, IGW Japan Co., Ltd. (current) Jun 2025 Outside Director, the Company (current)
1971-12-07
Shekeel OHARA
Director
Aug 1994 Regional Finance Manager, North Pacific Region, FedEx Corporation May 1999 Finance Director (Japan), Abbott Laboratories Mar 2008 Regional CFO and Regional Strategy Officer (Pacific Asia, Africa), Abbott Laboratories Oct 2014 Senior Managing Executive Officer and CFO, Tsubaki Nakashima Co., Ltd. Mar 2015 Director and Senior Managing Executive Officer, Tsubaki Nakashima Co., Ltd. Mar 2018 Director and Executive Vice President, CFO, Tsubaki Nakashima Co., Ltd. Jun 2022 Co-CEO, MAPLE ASSOCIATES PTE. LTD. (current) Jun 2022 Representative Director, Co-CEO, DIGIFIT Co., Ltd. (current) Jan 2024 Representative Director, Co-CEO, DIGIFIT Co., Ltd. (current) Jun 2024 Outside Director, Fujitec Co., Ltd. Jun 2026 Outside Director, the Company (current)
1958-07-01
Misawa KISHINAMI
Director
Apr 1995 Joined The Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.) Aug 2000 Joined Goldman Sachs Securities Co., Ltd. Dec 2012 General Manager, Syndicate, Capital Markets, Investment Banking Division, Goldman Sachs Securities Co., Ltd. Dec 2018 Executive Director, Investment Banking Division, UBS Securities Japan Co., Ltd. Jun 2022 Outside Director, Shibaura Electronics Co., Ltd. Jun 2024 Outside Director, Daiwabo Holdings Co., Ltd. (current) Jun 2026 Outside Director, the Company (current)
1972-11-04
Yumi OGOSHI
Director, Audit and Supervisory Committee Member
Apr 1982 Joined the Japan Patent Office Mar 1997 Assistant Chief, Clerical Division, Trial and Appeal Department, Japan Patent Office Apr 2000 Senior Examiner, Second Patent Examination Department, Japan Patent Office Apr 2002 Part-time Lecturer, Shinshu University Graduate School (until 2004) Apr 2003 Chief Senior Examiner, Second Patent Examination Department, Japan Patent Office (retired Mar 2005) Oct 2003 Associate Professor, National Graduate Institute for Policy Studies Apr 2005 Professor, Graduate School of Management of Technology, Tokyo University of Science Jun 2023 Outside Director, the Company Jun 2024 Outside Director, Manac Chemical Partners Co., Ltd. (current) Apr 2025 Adjunct Professor, Graduate School of Management of Technology, Tokyo University of Science (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1959-12-04
Mariko SUGAWARA
Director, Audit and Supervisory Committee Member
Apr 1994 Registered as Attorney-at-law Apr 1994 Joined Ohara Law Office Apr 2005 Part-time Lecturer, Law School, Meiji Gakuin University Apr 2005 Part-time Lecturer, Faculty of Law, Keio University Dec 2023 Director, Japan Tax Litigation Association (current) Jun 2024 Outside Director, the Company Jun 2025 Outside Auditor, J-Oil Mills, Inc. (current) Jun 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1966-04-13
Large Shareholding Reports
Effissimo Capital Management Pte. Ltd.
2026-08-25
34.37%→34.37%
Effissimo Capital Management Pte. Ltd.
2026-06-16
28.65%→34.37%
Oasis Management Company Ltd.
2026-05-01
9.37%→2.83%
Oasis Management Company Ltd.
2026-03-23
7.81%→9.37%
Saitama Resona Bank, Limited
2025-10-22
3.72%→4.47%
Annual report (as of 2026-03-31): 4.66%
Effissimo Capital Management Pte. Ltd.
2025-03-25
28.65%→28.65%
Effissimo Capital Management Pte. Ltd.
2024-09-27
28.34%→28.65%
Effissimo Capital Management Pte. Ltd.
2024-09-17
26.98%→28.34%
Effissimo Capital Management Pte. Ltd.
2024-09-12
25.36%→26.98%
Effissimo Capital Management Pte. Ltd.
2024-08-15
23.58%→25.36%
Effissimo Capital Management Pte. Ltd.
2024-08-09
22.08%→23.58%
Effissimo Capital Management Pte. Ltd.
2024-07-24
21.22%→22.08%
Effissimo Capital Management Pte. Ltd.
2024-07-11
20.18%→21.22%
Effissimo Capital Management Pte. Ltd.
2024-06-19
19.16%→20.18%
Effissimo Capital Management Pte. Ltd.
2024-03-22
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2024-01-10
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-10-03
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-09-28
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-09-11
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-08-18
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-07-31
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-07-21
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-07-20
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-07-18
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-07-11
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-05-11
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-05-11
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-05-02
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-05-01
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-04-10
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-03-28
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-03-27
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-03-09
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-03-08
19.16%→19.16%
Oasis Management Company Ltd.
2023-03-01
6.77%→7.81%
Effissimo Capital Management Pte. Ltd.
2023-01-30
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-01-12
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2023-01-10
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-11-21
19.16%→19.16%
Oasis Management Company Ltd.
2022-11-10
6.77%
Effissimo Capital Management Pte. Ltd.
2022-09-14
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-27
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-20
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-15
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-08
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-07
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-07-04
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-06-30
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-06-29
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-06-15
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-06-14
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-06-13
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-04-28
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-04-08
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-29
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-25
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-24
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-18
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-11
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-03-03
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2022-01-26
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-12-16
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-12-15
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-12-07
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-10-27
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-10-14
19.16%→19.16%
Effissimo Capital Management Pte. Ltd.
2021-09-29
19.16%→19.16%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-25
Large Shareholding Report
View PDF →
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
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EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
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EDINET
2026-06-16
Large Shareholding Report
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EDINET
2026-05-01
Large Shareholding Report
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EDINET
2026-03-23
Large Shareholding Report
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TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
View PDF →
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
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EDINET
2025-10-22
Large Shareholding Report
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TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
View PDF →
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
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EDINET
2025-03-25
Large Shareholding Report
View PDF →
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
View PDF →
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
View PDF →
EDINET
2024-09-27
Large Shareholding Report
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EDINET
2024-09-17
Large Shareholding Report
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EDINET
2024-09-12
Large Shareholding Report
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EDINET
2024-08-15
Large Shareholding Report
View PDF →
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
View PDF →
EDINET
2024-08-09
Large Shareholding Report
View PDF →
EDINET
2024-07-24
Large Shareholding Report
View PDF →
EDINET
2024-07-11
Large Shareholding Report
View PDF →
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
View PDF →
EDINET
2024-06-19
Large Shareholding Report
View PDF →
EDINET
2024-03-22
Large Shareholding Report
View PDF →
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
View PDF →
EDINET
2024-01-10
Large Shareholding Report
View PDF →
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
View PDF →
EDINET
2023-10-03
Large Shareholding Report
View PDF →
EDINET
2023-09-28
Large Shareholding Report
View PDF →
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