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Sala Corporation
(2734)
Sala Corporation (2734) vs. iShares MSCI Japan ETF (EWJ)
Sala Corporation Business Overview & Revenue Model
Sala Corporation Financial Statement Overview
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 251.53B | 240.50B | 242.06B | 234.85B | 227.94B |
| Gross Profit | 61.26B | 57.23B | 55.83B | 57.60B | 58.37B |
| EBITDA | 16.31B | 14.58B | 16.19B | 15.55B | 15.25B |
| Net Income | 5.87B | 5.25B | 6.10B | 5.68B | 5.26B |
Balance Sheet | |||||
| Total Assets | 218.34B | 202.28B | 189.27B | 188.42B | 187.48B |
| Cash, Cash Equivalents and Short-Term Investments | 31.88B | 28.19B | 22.97B | 24.19B | 24.75B |
| Total Debt | 61.34B | 55.64B | 53.94B | 53.37B | 58.31B |
| Total Liabilities | 124.77B | 116.66B | 110.62B | 115.06B | 120.78B |
| Stockholders Equity | 91.72B | 83.98B | 77.18B | 72.01B | 65.42B |
Cash Flow | |||||
| Free Cash Flow | 6.89B | 2.79B | -1.20B | 4.33B | 10.15B |
| Operating Cash Flow | 16.16B | 14.24B | 5.76B | 9.93B | 15.82B |
| Investing Cash Flow | -12.43B | -10.33B | -5.62B | -3.86B | -4.40B |
| Financing Cash Flow | 1.75B | -431.00M | -1.37B | -6.52B | -8.79B |
Sala Corporation Technical Analysis
Sala Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥47.24B | 12.83 | ― | 3.48% | 18.42% | 51.06% | |
77 Outperform | ¥70.30B | 15.36 | 16.91% | 2.28% | 12.37% | 26.48% | |
74 Outperform | ¥64.04B | 18.77 | ― | 1.52% | 5.75% | 59.69% | |
73 Outperform | ¥110.50B | 10.92 | ― | 3.74% | -2.33% | -16.42% | |
68 Neutral | ¥105.18B | 9.21 | ― | 2.91% | 31.48% | 83.15% | |
67 Neutral | ¥73.38B | 12.61 | ― | 2.91% | 5.82% | 21.40% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Sala Corporation Corporate Events
SALA Corporation has completed a repurchase of 500,000 of its common shares for approximately ¥576.5 million via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system. The buyback is part of a broader capital policy aimed at enhancing shareholder returns and improving capital efficiency, while also absorbing supply stemming from a recent secondary offering of its stock.
The transaction represents the first execution under a previously approved share repurchase program authorizing the purchase of up to 2 million shares for as much as ¥3 billion by November 30, 2026. Certain cross-shareholding investors sold part of their positions into this buyback, suggesting a gradual unwinding of traditional cross-shareholdings and a shift toward more market-oriented capital management practices that may support the share price and benefit existing shareholders.
The most recent analyst rating on (JP:2734) stock is a Buy with a Yen1369.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
SALA Corporation’s board has approved a concrete step in its previously announced share buyback program, opting to repurchase 500,000 common shares for up to ¥576.5 million through the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system on March 4, 2026, at the prior day’s closing price. Certain cross-shareholding investors plan to tender part of their holdings into this transaction, signaling an incremental unwinding of long-standing reciprocal shareholdings in favor of more market-oriented capital management.
This discrete purchase sits within a broader authorization to buy back up to 2 million shares, or 3.11% of shares outstanding, for as much as ¥3 billion between March 4 and November 30, 2026, via market purchases including auction trades and ToSTNeT-3. The program underscores SALA’s focus on shareholder returns and balance sheet efficiency, though management has left room to scale actual repurchases in line with market conditions, potentially affecting liquidity and capital structure over the course of the authorization period.
The most recent analyst rating on (JP:2734) stock is a Buy with a Yen1369.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
Sala Corporation has approved a disposal of up to 513,600 treasury shares of its common stock to the Sala Corporation Employee Stock Ownership Association under a restricted stock incentive plan. The disposal, priced at ¥1,222 per share and funded via special monetary claims granted to employees, is structured so that up to 4,280 eligible employees of the company and its subsidiaries can each receive 120 restricted shares through the association.
The plan is intended to support employee wealth formation and to strengthen incentives for staff to contribute to sustained growth in the Sala Group’s corporate value. By tying a portion of compensation to restricted shares held via the employee stock ownership framework, the company aims to deepen value alignment between employees and shareholders and reinforce its long-term strategic positioning ahead of its 120th anniversary in 2029.
The most recent analyst rating on (JP:2734) stock is a Buy with a Yen1369.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
Sala Corporation’s board has approved a share buyback of up to 2 million common shares, representing 3.11% of its outstanding stock, for a maximum of ¥3 billion. The repurchase will run from March 4 to November 30, 2026, via market purchases on the Tokyo Stock Exchange, including potential use of the ToSTNeT-3 off-auction system.
The company aims to boost shareholder returns and capital efficiency, while easing supply-demand pressure from a secondary offering announced the same day. Part of the treasury stock is earmarked for a restricted stock incentive plan for its Employee Stock Ownership Association, underscoring a capital policy focused on improving EPS, ROE, and long-term corporate value.
The most recent analyst rating on (JP:2734) stock is a Buy with a Yen1369.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
Sala Corporation has approved a substantial secondary offering of its common shares, with several major financial institutions, including Sumitomo Mitsui Trust Bank, MUFG Bank and others, collectively selling more than 5.1 million shares through underwriters. The selling price will be set in mid-March based on market demand and recent trading levels, and the transaction is structured so that underwriters purchase the full allotment, potentially tightening the free float profile and adjusting the shareholder mix without issuing new shares.
In addition, the company will facilitate a secondary offering of up to 773,500 shares via over-allotment, allowing the lead manager to borrow and sell extra shares from existing shareholders to stabilize the market. The final size of this over-allotment tranche and the overall impact on liquidity and ownership concentration will depend on investor demand, but the deal signals an effort to broaden the investor base while enabling large financial shareholders to trim their holdings in an orderly manner.
The most recent analyst rating on (JP:2734) stock is a Buy with a Yen1369.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
SALA Corporation has announced a leadership reshuffle effective 20 February 2026, elevating Managing Director Takayuki Watarai to Representative Managing Director while he continues to head the Management Strategy Division, signaling continuity in its group-wide strategic and innovation agenda. The company is also strengthening segment governance by appointing Shingo Akama—already President and Representative Director of SALA Real Estate Inc.—as a Board Director and Executive Officer in charge of the Properties Segment, while long‑serving engineering head Takahisa Kurebayashi retires from the Board to become an advisor at Chubu Engineering Corporation, and seasoned finance and governance professional Miyuki Tani joins as an outside director and Audit and Supervisory Committee member; together these appointments suggest a deliberate balancing of internal continuity and external expertise aimed at bolstering oversight and execution across key business segments.
The most recent analyst rating on (JP:2734) stock is a Hold with a Yen1141.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
SALA Corporation has unveiled its 6th Medium-Term Management Plan covering the five years from the fiscal year ending November 30, 2026 to the fiscal year ending November 30, 2030, built around the basic policy “X (Cross) 120,” which emphasizes creating new value through intersection, collaboration, co-creation, and transformation as the group heads toward its 2030 Vision. The plan outlines five key strategies: establishing business models under the “SALA in Life” and “SALA in Business” concepts, creating new value to drive business development, improving profitability and transforming management in existing operations, strengthening recruitment, development, retention and engagement of human resources amid labor shortages and rising wages, and accelerating digital transformation to boost productivity and customer value. Numerically, SALA targets an increase in net sales from ¥251.5 billion in the fiscal year ended November 30, 2025 to ¥300.0 billion by the fiscal year ending November 30, 2030, lifting operating profit from ¥7.3 billion to ¥12.0 billion, profit from ¥5.8 billion to ¥8.4 billion, and improving its operating margin from 2.9% to 4.0%, ROE from 6.7% to 10.0%, and ROIC from 3.8% to 6.0%, underscoring a drive to enhance capital efficiency and earnings power while reinforcing its position as a trusted community brand.
The most recent analyst rating on (JP:2734) stock is a Hold with a Yen1141.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
SALA Corporation recorded ¥1.892 billion in non-operating income for the fiscal year ended November 30, 2025, stemming from a gain on valuation of forward exchange contracts used to hedge foreign currency exposure on imported biomass fuel for its power generation business. The company explained that these derivative gains and losses are non-cash, arise from fair value reassessments of unsettled forward contracts, and will net to zero over the life of the hedges through 2039 as contracts mature; it also reiterated a dividend policy targeting a consolidated payout ratio of at least 40% when excluding the impact of such derivative valuation effects, signaling an intention to provide stable shareholder returns while insulating payout decisions from volatility in reported non-operating items.
The most recent analyst rating on (JP:2734) stock is a Hold with a Yen1141.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
Sala Corporation reported consolidated net sales of ¥251.5 billion for the fiscal year ended November 30, 2025, up 4.6% year on year, with operating profit rising 17.0% to ¥7.4 billion and ordinary profit climbing to ¥9.9 billion, while profit attributable to owners of parent increased to ¥5.9 billion. Growth was driven particularly by strong performances in the Energy & Solutions, Engineering & Maintenance and Housing segments, which posted double‑digit operating profit gains, even as the Car Life Support and Animal Health Care businesses remained loss-making in terms of operating income. For the 2026 fiscal year, the company forecasts further top-line growth to ¥260.0 billion and a modest increase in operating profit to ¥7.5 billion, but it expects ordinary profit and net profit to decline due to factors such as financial and non-operating items, while also planning to step up capital investment from ¥12.2 billion to ¥14.7 billion, a signal that Sala is prioritizing medium-term expansion and infrastructure reinforcement despite pressure on bottom-line profitability.
The most recent analyst rating on (JP:2734) stock is a Hold with a Yen1141.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.
SALA Corporation reported consolidated net sales of ¥251.5 billion for the fiscal year ended November 30, 2025, up 4.6% year on year, with operating profit rising 17.0% to ¥7.4 billion and profit attributable to owners of parent increasing 11.8% to ¥5.9 billion. Profitability indicators improved modestly, as return on equity edged up to 6.7% and the equity-to-asset ratio rose to 42.0%, while cash and cash equivalents at period-end increased to ¥31.5 billion on the back of strong operating cash flows. The company raised its annual dividend to ¥32 per share for FY2025 and plans a further increase to ¥33 in FY2026, maintaining a payout ratio in the mid-30% range, signaling confidence in earnings sustainability and a continued focus on shareholder returns. For the fiscal year ending November 30, 2026, SALA forecasts net sales growth to ¥260.0 billion and a slight gain in operating profit to ¥7.5 billion, but expects ordinary profit and net profit to decline, implying some pressure on non-operating income or costs even as the core business continues to expand.
The most recent analyst rating on (JP:2734) stock is a Hold with a Yen1141.00 price target. To see the full list of analyst forecasts on Sala Corporation stock, see the JP:2734 Stock Forecast page.