S B S Holdings, Inc. (2384) AI Stock Analysis

• Market Cap: ¥122.93B
• Dividend Yield: 2.26%
• Average Volume (3M): 69.96K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.48
• Revenue Growth: 4.80%
• EPS Growth: -27.85%
• Country: JP
• Employees: 10,759
• Sector: Industrials
• Sector Strength: 95
• Industry: Integrated Freight & Logistics
• EPS (TTM): 28.52
• Shares Outstanding: 39,718,200
• 10 Day Avg. Volume: 29,670
• 30 Day Avg. Volume: 69,960
• PEG Ratio: -0.52
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,921.00
• Price Target Upside: -5.62% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ¥3,546.00 ▲(14.57%Upside)

The overall stock score reflects strong technical performance and stable financial fundamentals, despite high valuation metrics and declining free cash flow. The stock is buoyed by bullish market momentum but may face pressure from valuation concerns and liquidity management.

S B S Holdings, Inc. Business Overview & Revenue Model

Company Description

S B S Holdings, Inc. (2384) is a diversified company primarily engaged in providing logistics, supply chain management, and related services. The company operates in various sectors, offering solutions that include transportation, warehousing, inventory management, and freight forwarding. Through its comprehensive range of services, S B S Holdings aims to enhance operational efficiency for businesses across different industries.

How the Company Makes Money

S B S Holdings, Inc. generates revenue through multiple streams, primarily centered around its logistics and supply chain management services. The company earns income by offering transportation solutions, such as freight forwarding and shipping services, which involve moving goods domestically and internationally for clients. Additionally, S B S Holdings provides warehousing services, where clients pay for storage space and inventory management. The company may also engage in strategic partnerships with other logistics firms to expand its service offerings and enhance its market reach. These partnerships, along with value-added services like supply chain consulting and technology solutions, contribute significantly to the company's revenue growth.

S B S Holdings, Inc. Financial Statement Overview

Summary

S B S Holdings, Inc. shows stable revenue growth and operational efficiency with consistent profit margins. The balance sheet reflects a solid equity base despite a higher reliance on debt. Cash flow management is strong in operating cash flow, but declining free cash flow suggests room for improving cash conversion efficiency.

Income Statement

The company shows a stable gross profit margin around 11% for the last two years, with a slight decrease from previous years. Net profit margin decreased slightly from 2.3% to 2.1% annually. Revenue growth has been modest, with a 3.8% increase in 2024 compared to 2023. EBIT and EBITDA margins are stable, indicating consistent operational efficiency.

Balance Sheet

The debt-to-equity ratio is slightly elevated at 1.18 in 2024, indicating a reliance on debt financing. However, the equity ratio is improving, currently at 27.8%, reflecting a strengthening equity base. Return on Equity has decreased slightly to 10.9%, suggesting moderate profitability on shareholders' equity.

Cash Flow

Free cash flow has decreased by 37.3% in 2024 compared to 2023, indicating potential pressure on liquidity. Operating cash flow to net income ratio is strong at 1.64, showing good cash generation relative to net income. However, the free cash flow to net income ratio has decreased, highlighting reduced cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	448.14B	431.91B	455.48B	403.49B	257.19B
Gross Profit	49.84B	50.14B	50.54B	46.72B	26.80B
EBITDA	30.37B	30.32B	32.92B	30.82B	18.30B
Net Income	9.62B	10.06B	11.73B	10.79B	6.83B
Balance Sheet
Total Assets	317.29B	301.32B	296.90B	277.20B	254.55B
Cash, Cash Equivalents and Short-Term Investments	29.70B	29.67B	32.67B	23.80B	27.54B
Total Debt	104.51B	101.59B	104.09B	98.66B	100.83B
Total Liabilities	204.34B	198.73B	204.73B	196.49B	186.41B
Stockholders Equity	88.22B	79.58B	70.38B	60.67B	50.75B
Cash Flow
Free Cash Flow	2.70B	4.30B	5.33B	14.61B	5.38B
Operating Cash Flow	15.81B	14.11B	22.41B	27.47B	17.26B
Investing Cash Flow	-16.72B	-10.18B	-15.89B	-22.34B	-30.48B
Financing Cash Flow	-1.29B	-7.65B	489.00M	-9.28B	22.73B

S B S Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3095.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 3095 is above the 20-day moving average (MA) of 3034.00, above the 50-day MA of 2881.96, and above the 200-day MA of 2652.45, indicating a bullish trend. The MACD of 41.33 indicates Positive momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 52.40 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9068	79 Outperform	¥145.05B	14.55		2.38%	3.12%	1.99%
9090	74 Outperform	¥153.22B	21.01		2.82%	4.94%	-24.03%
9037	73 Outperform	¥109.11B	11.98		2.43%	4.34%	8.56%
2384	72 Outperform	¥122.93B	20.96		2.26%	4.80%	-27.85%
9066	72 Outperform	¥118.49B	11.11		2.48%	12.28%	56.57%
Sector *	61 Neutral	C$6.56B	7.72	2.76%	2.57%	6.48%	-23.55%

S B S Holdings, Inc. Corporate Events

SBS Holdings to Acquire Majority Stake in Bridgestone Logistics

SBS Holdings, Inc. has announced its decision to acquire a 66.6% stake in Bridgestone Logistics Co., Ltd., a subsidiary of Bridgestone Corporation, to make it a consolidated subsidiary. This acquisition is part of SBS Holdings’ strategy to enhance its logistics capabilities by leveraging Bridgestone Logistics’ expertise and network, aiming for synergies and integrated logistics services. The acquisition is expected to be completed by October 1, 2025, pending regulatory approvals, and will maintain continuity in Bridgestone Logistics’ operations.

SBS Holdings Subsidiary to Rebrand as SBS Nexthird Co., Ltd.

SBS Holdings, Inc. announced that its subsidiary, SBS RICOH LOGISTICS SYSTEM CO., LTD., will change its name to SBS Nexthird Co., Ltd. effective January 1, 2026. This change reflects the company’s commitment to next-generation logistics solutions that integrate IT and logistics technology, aiming to support global supply chains more effectively.

SBS Holdings Reports Significant Decline in Q1 2025 Financial Results

SBS Holdings, Inc. reported a significant decline in its financial performance for the first quarter of 2025, with net sales slightly decreasing and operating income dropping by over 60% compared to the same period last year. The company’s net income attributable to owners of the parent also fell by 76.8%, reflecting challenges in maintaining profitability amidst market conditions. Despite these setbacks, the company maintains its forecast for the fiscal year ending December 31, 2025, with a slight increase in net sales anticipated.