S B S Holdings, Inc. (JP:2384)
:2384
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S B S Holdings, Inc.
(2384)
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Rating:66Neutral
Price Target:
¥4,271.00
▲(12.99% Upside)
Action:DowngradedDate:03/24/26
The score is driven primarily by stable-to-improving financials (2025 growth and a strong cash flow rebound) tempered by thin margins and still-elevated leverage. Valuation is supportive with a moderate P/E and solid dividend yield, while technical signals are neutral-to-soft due to weaker short-term trend and modest momentum.
Positive Factors
Improved cash generation
A material strengthening of operating cash flow and FCF improves the company’s ability to fund operations, dividends and deleveraging without relying on capital markets. Durable cash conversion supports investment optionality and reduces refinancing risk during weaker cycles.
Negative Factors
Elevated leverage
Meaningful leverage (debt slightly above equity) constrains financial flexibility, increases interest expense sensitivity, and limits capacity for large capital projects or acquisitions. In a downturn higher leverage raises refinancing and covenant risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
A material strengthening of operating cash flow and FCF improves the company’s ability to fund operations, dividends and deleveraging without relying on capital markets. Durable cash conversion supports investment optionality and reduces refinancing risk during weaker cycles.
Read all positive factors
S B S Holdings, Inc. (2384) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥172.57B
Dividend Yield1.84%
Average Volume (3M)50.81K
Price to Earnings (P/E)12.7
Beta (1Y)0.61
Revenue Growth10.32%
EPS Growth42.14%
CountryJP
Employees10,759
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)54.35
Shares Outstanding39,718,200
10 Day Avg. Volume49,520
30 Day Avg. Volume50,810
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.55
Price to Sales (P/S)0.31
P/FCF Ratio6.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)329.2
Revenue Forecast (FY)¥564.75B
S B S Holdings, Inc. Business Overview & Revenue Model
Company Description
SBS Holdings, Inc. engages in the logistics business in Japan and internationally. It transports products through trucks and train. The company also offers dry, chilled, and frozen logistics services; customs clearance and forwarding services; and...
S B S Holdings, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 454.94B | 490.34B | 448.14B | 431.91B | 455.48B | 403.49B |
| Gross Profit | 46.03B | 55.74B | 49.84B | 50.14B | 50.54B | 46.72B |
| EBITDA | 25.31B | 34.60B | 29.67B | 30.67B | 32.92B | 30.82B |
| Net Income | 5.92B | 11.78B | 9.62B | 10.06B | 11.73B | 10.79B |
Balance Sheet | ||||||
| Total Assets | 328.86B | 346.85B | 317.29B | 301.32B | 296.90B | 277.20B |
| Cash, Cash Equivalents and Short-Term Investments | 26.47B | 22.55B | 29.70B | 29.67B | 32.67B | 23.80B |
| Total Debt | 108.06B | 106.71B | 104.51B | 101.59B | 104.09B | 98.66B |
| Total Liabilities | 215.36B | 220.30B | 204.33B | 198.72B | 204.72B | 196.49B |
| Stockholders Equity | 88.15B | 96.72B | 88.22B | 79.58B | 70.38B | 60.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 22.39B | 2.70B | 4.30B | 5.33B | 14.61B |
| Operating Cash Flow | 0.00 | 35.43B | 15.81B | 14.11B | 22.41B | 27.47B |
| Investing Cash Flow | 0.00 | -28.54B | -16.72B | -10.18B | -15.89B | -22.34B |
| Financing Cash Flow | 0.00 | -14.85B | -1.29B | -7.65B | 489.00M | -9.28B |
S B S Holdings, Inc. Technical Analysis
Positive
3780.00
Price Trends
4034.80
Positive
3851.32
Positive
3545.04
Positive
Market Momentum
20.31
Negative
60.26
Neutral
80.68
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2384, the sentiment is Positive. The current price of 3780 is below the 20-day moving average (MA) of 4087.50, below the 50-day MA of 4034.80, and above the 200-day MA of 3545.04, indicating a bullish trend. The MACD of 20.31 indicates Negative momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 80.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2384.
S B S Holdings, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥158.06B | 9.98 | ― | 3.65% | 7.73% | -19.90% | |
68 Neutral | ¥966.85B | 10.15 | 9.97% | 3.54% | 12.46% | -3.12% | |
66 Neutral | ¥172.57B | 12.74 | ― | 1.84% | 10.32% | 42.14% | |
66 Neutral | ¥307.66B | 12.68 | 8.30% | 2.50% | 7.94% | -13.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ¥320.98B | 20.24 | ― | 1.28% | 8.11% | -9.27% | |
53 Neutral | ¥869.98B | 310.63 | ― | 2.99% | 4.96% | 1.67% |
* Industrials Sector Average
JP:2384
S B S Holdings, Inc.
4,345.00
1,527.69
54.23%
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S B S Holdings, Inc. Corporate Events
SBS Holdings Reshapes Board With New Independent Director and Executive Retirement
Feb 13, 2026
SBS Holdings, Inc., a TSE Prime-listed logistics group operator, manages a portfolio of subsidiaries providing logistics and related services across Japan, including SBS Flec Co., Ltd. and SBS Zentsu Co., Ltd. The company functions as a strategic ...
SBS Holdings Launches “Harmonized Growth 2030” Mid-Term Plan to Lift Profitability
Feb 13, 2026
SBS Holdings has unveiled a new five-year mid-term business plan, “Harmonized Growth 2030,” aimed at shifting from pure top-line expansion to a balance of revenue growth and improved profitability. Building on a prior period in which n...
SBS Holdings Lifts Year-End Dividend on Strong Logistics Performance
Feb 13, 2026
SBS Holdings, Inc., a logistics-focused company listed on the TSE Prime, reported solid business results for the fiscal year ended December 31, 2025, driven primarily by its logistics operations. The company emphasizes balancing the reinforcement ...
SBS Holdings Delivers Strong 2025 Earnings and Hikes Dividends on Positive 2026 Outlook
Feb 13, 2026
SBS Holdings reported solid growth for the fiscal year ended December 31, 2025, with net sales rising 9.4% to ¥490.3 billion and profit attributable to owners of parent increasing 22.5% to ¥11.8 billion. Profitability also improved, as o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.