San ju San Financial Group, Inc. (7322) AI Stock Analysis

• Market Cap: ¥158.46B
• Dividend Yield: 2.96%
• Average Volume (3M): 62.76K
• Price to Earnings (P/E): 7.2
• Beta (1Y): 1.08
• Revenue Growth: 14.85%
• EPS Growth: 21.17%
• Country: JP
• Employees: 2,431
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 152.73
• Shares Outstanding: 26,167,585
• 10 Day Avg. Volume: 70,050
• 30 Day Avg. Volume: 62,756
• PEG Ratio: 0.28
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 1.01
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥6,232.00 ▲(33.88% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is driven primarily by solid financial performance (growth, profitability, and strong cash conversion), supported by attractive valuation (low P/E and a moderate dividend yield). Technicals are the main offset, showing weaker short-term trend versus the 20-day average despite a still-supportive longer-term uptrend and neutral momentum.

Positive Factors

Revenue Growth

Sustained revenue growth (6.96% latest year) signals expanding core banking activities and client volumes. Over a 2–6 month horizon this underpins recurring topline strength, supports loan/deposit expansion, and provides a base for continued margin and earnings improvement if trends persist.

Cash Generation

Strong operating cash conversion (OCF to net income 2.98) and growing free cash flow indicate durable internal funding capacity. This enhances capital allocation flexibility, supports dividends or reinvestment, and improves resilience to shocks versus firms reliant on external funding.

Improved Profitability

An improved net profit margin (15.40%) alongside higher ROE (4.20%) reflects better earnings conversion and equity utilization. Persistent margin expansion can drive sustainable EPS growth and signal effective pricing, cost control, and loan portfolio management over the medium term.

Negative Factors

Moderate Leverage

A debt-to-equity ratio of 1.48 denotes material leverage typical in regional banking but raises structural vulnerability to rising funding costs or credit losses. Higher leverage limits financial flexibility and increases the capital needed to absorb adverse shocks over a multi-month horizon.

Low Equity Ratio

A relatively low equity ratio implies thinner capital buffers and greater dependence on debt funding. Structurally this can constrain growth, complicate regulatory capital management, and elevate refinancing or stress-test risks if market or credit conditions deteriorate.

Operational Margin Pressure

A slight decline in EBIT margin points to emerging efficiency headwinds that could compress operating earnings if not addressed. Persistent margin pressure reduces the ability to absorb credit costs or invest in strategic initiatives, weakening durable profitability trends.

San ju San Financial Group, Inc. Business Overview & Revenue Model

Company Description

San ju San Financial Group,Inc. provides various banking products and services. It operates in two segments, Banking and Leasing. The Banking segment offers deposit products; government bond/investment trust products; and lending, domestic and foreign exchange, insurance window sales, and corporate bond entrustment and registration services. The leasing segment engages in leasing business. It is also involved in the credit card and credit guarantee businesses. The company was founded in 1895 and is headquartered in Yokkaichi, Japan.

How the Company Makes Money

San ju San Financial Group, Inc. generates revenue through multiple streams, primarily from fees associated with asset management and financial advisory services. The company charges management fees based on the assets under management (AUM) for its investment portfolios, which constitute a significant portion of its income. Additionally, it earns commissions and fees from insurance products and financial planning services. Strategic partnerships with banks and other financial institutions enhance its service offerings and client reach, contributing to its overall revenue. Furthermore, the company may also generate income from proprietary investment products and performance-based incentives, aligning its interests with those of its clients.

San ju San Financial Group, Inc. Financial Statement Overview

Summary

Financials are solid overall: revenue growth of 6.96% and an improved net profit margin of 15.40% support profitability, while cash generation is strong (operating cash flow to net income of 2.98). Offsetting these positives are moderate leverage (debt-to-equity of 1.48), a relatively low equity ratio, and a slight EBIT margin decline that suggests some operating efficiency pressure.

Income Statement

San ju San Financial Group has shown a solid revenue growth rate of 6.96% in the latest year, indicating a positive trajectory. The net profit margin improved to 15.40%, reflecting enhanced profitability. However, the EBIT margin decreased slightly, suggesting some operational challenges. Overall, the income statement reflects strong growth and profitability, but with room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio stands at 1.48, indicating a moderate level of leverage, which is typical for the banking industry. Return on equity improved to 4.20%, showing better utilization of equity. However, the equity ratio is relatively low, suggesting a higher reliance on debt financing. The balance sheet shows stability with some leverage concerns.

Cash Flow

The free cash flow has shown significant growth, indicating improved cash generation capabilities. The operating cash flow to net income ratio is strong at 2.98, highlighting efficient cash conversion. However, past negative cash flows indicate potential volatility. Overall, the cash flow statement reflects strong cash generation with some historical fluctuations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	62.42B	60.79B	54.16B	51.54B	51.97B	61.02B
Gross Profit	57.62B	56.03B	52.39B	50.05B	48.70B	49.50B
EBITDA	11.88B	16.14B	14.86B	13.63B	9.04B	9.42B
Net Income	8.86B	8.65B	6.91B	6.33B	4.91B	4.18B
Balance Sheet
Total Assets	4.56T	4.51T	4.43T	4.29T	4.64T	4.31T
Cash, Cash Equivalents and Short-Term Investments	0.00	428.22B	432.51B	347.34B	903.76B	535.49B
Total Debt	329.86B	304.16B	291.39B	208.16B	1.09T	406.52B
Total Liabilities	4.35T	4.30T	4.22T	4.09T	4.41T	4.07T
Stockholders Equity	213.51B	205.97B	213.11B	194.66B	229.30B	238.11B
Cash Flow
Free Cash Flow	0.00	0.00	0.00	-384.83B	371.65B	0.00
Operating Cash Flow	0.00	0.00	0.00	-382.47B	373.67B	0.00
Investing Cash Flow	0.00	-11.67B	23.39B	-143.94B	-5.05B	52.87B
Financing Cash Flow	0.00	43.26B	57.24B	-32.29B	-2.25B	226.41B

San ju San Financial Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4655.00
• 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:7322, the sentiment is Positive. The current price of 4655 is below the 20-day moving average (MA) of 6044.00, below the 50-day MA of 5600.30, and above the 200-day MA of 4052.15, indicating a bullish trend. The MACD of 114.98 indicates Positive momentum. The RSI at 54.30 is Neutral, neither overbought nor oversold. The STOCH value of 65.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7322.

San ju San Financial Group, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8392	72 Outperform	¥145.40B	8.04	3.68%	2.26%	9.34%	20.61%
7184	72 Outperform	¥159.58B	8.80	―	2.63%	23.55%	-21.15%
8393	72 Outperform	¥150.74B	7.55	―	2.29%	13.93%	54.44%
7322	71 Outperform	¥158.46B	7.21	―	2.96%	14.85%	21.17%
8360	69 Neutral	¥156.68B	9.79	―	2.56%	17.66%	49.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8346	66 Neutral	¥166.61B	9.13	―	2.23%	29.06%	40.95%

San ju San Financial Group, Inc. Corporate Events

San ju San Financial Group to Execute 4-for-1 Share Split and Revise Shareholder Benefits

San ju San Financial Group, Inc. will implement a four-for-one split of its common shares, effective April 1, 2026, to lower the per-investment unit price, improve share liquidity and broaden its investor base, increasing issued shares from 26,167,585 to 104,670,340 while leaving paid-in capital unchanged. In conjunction with the split, the company will amend its Articles of Incorporation to raise its authorized share capital to 280 million shares and adjust the thresholds for its shareholder benefits program—such as preferential time deposits, QUO cards and gift catalog entitlements—so that post-split holding requirements align with the new share count structure, thereby maintaining the appeal of its equity to existing and prospective shareholders.

The most recent analyst rating on (JP:7322) stock is a Hold with a Yen5858.00 price target. To see the full list of analyst forecasts on San ju San Financial Group, Inc. stock, see the JP:7322 Stock Forecast page.

San ju San Financial Group Delivers Strong Nine-Month Earnings and Confirms Higher Dividend for FY2025/26

San ju San Financial Group reported strong consolidated results for the nine months ended December 31, 2025, with ordinary income rising 26.5% year-on-year to ¥69.0 billion, ordinary profit up 30.1% to ¥12.7 billion, and profit attributable to owners of parent surging 46.3% to ¥9.6 billion, driving basic earnings per share to ¥370.61. The group’s total assets increased to ¥4.57 trillion and net assets to ¥228.7 billion, improving its equity-to-asset ratio to 5.0%, while it maintained its full-year forecast for FY2025/26, targeting a 33.6% increase in ordinary profit and a 28.3% rise in profit attributable to owners, and confirming an increased full-year dividend forecast of ¥128 per share, underscoring both capital strength and shareholder return commitment.

The most recent analyst rating on (JP:7322) stock is a Hold with a Yen5858.00 price target. To see the full list of analyst forecasts on San ju San Financial Group, Inc. stock, see the JP:7322 Stock Forecast page.