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SAN-A CO
(2659)
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Rating:77Outperform
Price Target:
¥3,706.00
▲(22.92% Upside)
Action:Reiterated
Date:08/04/26
The score is led by strong financial performance—especially the very low leverage and improved recent free cash flow—tempered by a year-over-year net income decline in 2026 and historical cash-flow volatility. Technicals are mildly positive with price above key moving averages and positive MACD, while valuation is supported by a solid dividend yield and a moderate P/E.
Positive Factors
Conservative balance sheet
An exceptionally conservative balance sheet with minimal debt and rising equity provides durable financial flexibility. Low leverage reduces solvency risk, preserves access to capital, and allows the firm to fund dividends, capex or opportunistic M&A without stressing cash flows over multiple quarters.
Negative Factors
Net income dip in 2026
Earnings fell in 2026 even though revenue rose, pointing to margin pressure or one-off costs that weakened profitability. If such pressures persist, they can reduce free cash conversion and constrain capital allocation, making it harder to sustain dividends or fund growth without altering cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
An exceptionally conservative balance sheet with minimal debt and rising equity provides durable financial flexibility. Low leverage reduces solvency risk, preserves access to capital, and allows the firm to fund dividends, capex or opportunistic M&A without stressing cash flows over multiple quarters.
Read all positive factors
SAN-A CO (2659) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥204.67B
Dividend Yield3.84%
Average Volume (3M)145.24K
Price to Earnings (P/E)18.6
Beta (1Y)0.38
Revenue Growth4.91%
EPS Growth-6.89%
CountryJP
Employees1,746
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)175.00
Shares Outstanding63,963,306
10 Day Avg. Volume182,210
30 Day Avg. Volume145,240
Financial Highlights & Ratios
PEG Ratio-2.60
Price to Book (P/B)1.23
Price to Sales (P/S)0.78
P/FCF Ratio7.39
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)183.5
Revenue Forecast (FY)¥259.50B
SAN-A CO Business Overview & Revenue Model
Company Description
SAN-A CO.,LTD. is a prominent retailer primarily operating across Okinawa. Its various outlets provide a wide assortment of products, including groceries, clothing, home appliances, daily necessities, and prepared food items. As of February 2021, ...
How the Company Makes Money
null...
SAN-A CO Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 249.97B | 245.55B | 237.16B | 227.58B | 213.52B | 204.35B |
| Gross Profit | 88.92B | 84.11B | 87.80B | 84.11B | 77.59B | 73.04B |
| EBITDA | 18.33B | 23.55B | 23.70B | 22.72B | 18.72B | 17.31B |
| Net Income | 10.81B | 10.68B | 11.47B | 10.68B | 7.57B | 6.66B |
Balance Sheet | ||||||
| Total Assets | 196.01B | 217.27B | 191.45B | 186.94B | 172.54B | 165.80B |
| Cash, Cash Equivalents and Short-Term Investments | 53.89B | 79.53B | 59.84B | 54.85B | 39.30B | 31.59B |
| Total Debt | 3.79B | 264.00M | 277.00M | 289.00M | 302.00M | 314.00M |
| Total Liabilities | 42.90B | 56.31B | 36.90B | 40.79B | 35.13B | 34.08B |
| Stockholders Equity | 149.13B | 156.41B | 150.51B | 142.40B | 134.01B | 128.53B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 26.00B | 8.87B | 18.27B | 9.91B | -1.98B |
| Operating Cash Flow | 0.00 | 31.62B | 14.98B | 21.18B | 14.74B | 4.08B |
| Investing Cash Flow | 0.00 | -6.49B | -6.20B | -3.13B | -5.07B | -6.37B |
| Financing Cash Flow | 0.00 | -5.44B | -3.79B | -2.51B | -1.96B | -6.24B |
SAN-A CO Technical Analysis
Positive
3015.00
Price Trends
3197.50
Positive
3195.31
Positive
2998.00
Positive
Market Momentum
15.28
Negative
53.48
Neutral
47.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2659, the sentiment is Positive. The current price of 3015 is below the 20-day moving average (MA) of 3230.00, below the 50-day MA of 3197.50, and above the 200-day MA of 2998.00, indicating a bullish trend. The MACD of 15.28 indicates Negative momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 47.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2659.
SAN-A CO Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥204.67B | 18.60 | 7.08% | 2.70% | 4.91% | -6.89% | |
67 Neutral | ¥215.02B | 12.19 | ― | 2.95% | 3.84% | 46.02% | |
62 Neutral | ¥190.66B | 10.44 | ― | 2.18% | 8.15% | 21.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ¥32.72B | -2,782.76 | ― | 3.11% | 0.33% | 99.42% | |
54 Neutral | ¥175.88B | 24.80 | ― | 1.44% | -0.40% | 45.73% | |
49 Neutral | ¥170.42B | -32.05 | ― | 1.77% | 15.30% | -594.22% |
* Consumer Cyclical Sector Average
JP:2659
SAN-A CO
3,355.00
401.67
13.60%
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SAN-A CO Corporate Events
SAN-A Advances Share Buyback Program with ¥1.84 Billion Repurchase in July
Aug 3, 2026
SAN-A CO., LTD. disclosed that it repurchased 573,800 of its common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, at a total cost of about ¥1.84 billion. This buyback forms part of a broader share repurchase program aut...
SAN-A CO. Delivers Higher Quarterly Profit and Confirms Modest Full-Year Growth Outlook
Jul 7, 2026
SAN-A CO. reported strong consolidated results for the three months ended May 31, 2026, with operating revenue up 8.0% year-on-year to ¥63,769 million and operating profit rising 13.2% to ¥4,644 million. Ordinary profit increased 12.8% t...
SAN-A Advances Share Buyback Program on Tokyo Stock Exchange
Jul 2, 2026
SAN-A CO., LTD. reported that it acquired 748,200 of its common shares for a total of ¥2,360,324,997 between June 1 and June 30, 2026 through market purchases on the Tokyo Stock Exchange. The buyback forms part of a broader board-approved pro...
SAN-A Completes Treasury Stock Disposal for Director Restricted Stock Compensation
Jun 26, 2026
SAN-A CO., LTD. has completed the payment procedures for a previously approved disposal of treasury stock to be used as restricted stock compensation for certain directors. The transaction involved 10,400 shares of common stock at a disposal price...
SAN-A Accelerates Share Buyback With ¥2.6 Billion in Treasury Stock Acquired
Jun 2, 2026
SAN-A CO., LTD. has repurchased 377,700 of its common shares on the Tokyo Stock Exchange between May 1 and May 22, 2026, at a total cost of about ¥1.22 billion, as part of a board-approved share buyback program. This latest tranche brings the...
SAN-A to Grant Restricted Treasury Shares to Directors Under Long-Term Incentive Plan
May 26, 2026
SAN-A CO., LTD. has approved the disposal of 10,400 shares of its treasury stock as restricted stock compensation for five internal directors, valued at 3,135 yen per share for a total of 32.6 million yen. The move is executed under a previously a...
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.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
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.