San Holdings, Inc. (Japan) (9628) AI Stock Analysis

• Market Cap: ¥31.51B
• Dividend Yield: 2.61%
• Average Volume (3M): 35.96K
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.71
• Revenue Growth: 68.12%
• EPS Growth: 110.52%
• Country: JP
• Employees: 709
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 14.96
• Shares Outstanding: 23,000,000
• 10 Day Avg. Volume: 34,820
• 30 Day Avg. Volume: 35,960
• PEG Ratio: 0.05
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 6.75
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥1,440.00 ▼(-0.83% Downside)

San Holdings, Inc. receives a strong overall score driven by its impressive financial performance and attractive valuation. However, bearish technical indicators and weak market momentum present significant risks. The stock's low P/E ratio and solid dividend yield offer potential upside, but caution is advised due to negative technical signals.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion.

Cash Flow Management

Strong cash flow management ensures the company can fund operations and investments, enhancing financial stability and growth potential.

Profit Margins

High profit margins reflect efficient operations and pricing power, contributing to sustained profitability and competitive advantage.

Negative Factors

High Capital Expenditures

High capital expenditures may strain cash reserves and limit flexibility, posing risks if returns on investments do not materialize as expected.

Liabilities Risk

Elevated liabilities relative to cash reserves can increase financial risk, potentially impacting the company's ability to weather economic downturns.

Market Momentum

Weak market momentum may reflect broader investor concerns, potentially affecting stock performance and investor confidence in the near term.

San Holdings, Inc. (Japan) Business Overview & Revenue Model

Company Description

SAN Holdings, Inc. provides funeral services in Japan. It operates a network of approximately 70 funeral halls. The company was founded in 1932 and is headquartered in Tokyo, Japan.

How the Company Makes Money

San Holdings, Inc. generates revenue primarily through its restaurant operations, which include sales from food and beverages served in its various dining venues. The company benefits from a high customer turnover rate and a loyal customer base, which drives consistent revenue growth. Key revenue streams include in-restaurant dining, take-out services, and catering for special events. Additionally, San Holdings may engage in strategic partnerships with suppliers and other businesses to enhance its product offerings and marketing reach. The company's focus on quality and customer satisfaction contributes to its competitive advantage, allowing it to maintain profitability in the competitive food service market.

San Holdings, Inc. (Japan) Financial Statement Overview

Summary

San Holdings, Inc. demonstrates strong financial performance with impressive revenue growth and robust profit margins. The balance sheet is solid with low leverage, and cash flow management is effective despite high capital expenditures. Overall, the company is well-positioned for sustainable growth.

Income Statement

San Holdings, Inc. demonstrates strong revenue growth with a 42.6% increase from 2024 to 2025, and a consistent increase over the years. The gross profit margin for 2025 is 22.45%, and the net profit margin is 14.76%, both indicating good profitability. EBIT and EBITDA margins are also healthy at 14.13% and 29.71% respectively, showcasing operational efficiency. The company's consistent revenue growth and strong profit margins contribute to a high score in this vertical.

Balance Sheet

The company maintains a robust financial position with a debt-to-equity ratio of 0.48, indicating low leverage. The return on equity (ROE) is 12.70%, reflecting efficient use of equity to generate profits. The equity ratio stands at 58.97%, showcasing a strong equity base relative to total assets. While the balance sheet is solid, the high total liabilities relative to cash reserves could pose a potential risk, slightly tempering the score.

Cash Flow

San Holdings, Inc. exhibits strong cash flow management, with a free cash flow growth rate of 82.2% from 2024 to 2025. The operating cash flow to net income ratio is 1.23, indicating that operating cash flows comfortably cover net income. Despite this strength, the investing cash flow is negative, highlighting significant capital expenditures. Overall, effective cash flow generation and management justify a high score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.62B	31.98B	22.44B	21.66B	20.00B	18.87B
Gross Profit	7.72B	7.18B	5.33B	5.34B	4.72B	3.78B
EBITDA	9.54B	9.50B	4.57B	4.75B	4.04B	3.36B
Net Income	4.75B	4.72B	2.36B	2.78B	2.04B	1.56B
Balance Sheet
Total Assets	59.49B	63.05B	37.59B	36.23B	33.85B	32.39B
Cash, Cash Equivalents and Short-Term Investments	9.00B	12.66B	9.79B	9.19B	7.44B	7.04B
Total Debt	16.90B	17.79B	256.00M	268.00M	354.00M	445.76M
Total Liabilities	22.25B	25.88B	4.71B	4.61B	4.22B	3.84B
Stockholders Equity	37.24B	37.17B	32.88B	31.61B	29.63B	28.55B
Cash Flow
Free Cash Flow	0.00	3.60B	1.98B	2.26B	1.49B	1.12B
Operating Cash Flow	0.00	5.48B	3.17B	3.26B	2.99B	2.09B
Investing Cash Flow	0.00	-12.10B	-1.44B	-594.00M	-1.49B	-983.70M
Financing Cash Flow	0.00	9.65B	-1.16B	-923.00M	-1.10B	-498.79M

San Holdings, Inc. (Japan) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1452.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9628, the sentiment is Positive. The current price of 1452 is above the 20-day moving average (MA) of 1359.45, above the 50-day MA of 1387.25, and above the 200-day MA of 1393.06, indicating a bullish trend. The MACD of 16.85 indicates Negative momentum. The RSI at 69.77 is Neutral, neither overbought nor oversold. The STOCH value of 78.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9628.

San Holdings, Inc. (Japan) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9628	71 Outperform	¥31.51B	6.37	―	2.61%	68.12%	110.52%
2198	71 Outperform	¥23.27B	11.65	―	3.04%	-3.47%	14.42%
7040	71 Outperform	¥5.82B	6.90	―	3.47%	3.40%	-25.64%
2485	64 Neutral	¥11.41B	12.81	―	4.02%	14.46%	18.48%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2196	54 Neutral	¥2.16B	-14.58	―	―	-4.35%	-132.57%
7578	44 Neutral	¥2.00B	3.99	―	―	-15.38%	―

San Holdings, Inc. (Japan) Corporate Events

San Holdings Reports Strong Revenue Growth Amid Fiscal Adjustments

San Holdings, Inc. reported its consolidated financial results for the second quarter of the fiscal year ending August 31, 2026, showing a significant increase in operating revenue by 63% year-on-year, despite a slight decline in ordinary profit and profit attributable to owners. The company has adjusted its fiscal year-end, resulting in a 17-month accounting period, and forecasts a substantial increase in operating revenue and profit for the full fiscal year. This adjustment and the projected financial growth indicate a strategic realignment that could impact stakeholders positively.

San Holdings and Cocolonet Announce Business Integration

San Holdings, Inc. and Cocolonet Co., Ltd. have announced a business integration through a share exchange, making San Holdings the parent company and Cocolonet its subsidiary. This integration aims to strengthen San Holdings’ position in the funeral industry and expand its service offerings, while Cocolonet will benefit from improved operational efficiency and strengthened headquarters functions. The move reflects ongoing industry restructuring and the need to adapt to changing market conditions.

SAN HOLDINGS Completes Treasury Share Disposal for Director Compensation

SAN HOLDINGS, INC. has completed the payment process for the disposal of 7,200 treasury shares as restricted stock compensation for directors of its subsidiary. This strategic move, resolved by the Board of Directors, aims to align the interests of the subsidiary’s directors with the company’s performance, potentially enhancing governance and operational efficiency.

San Holdings Boosts Stock Compensation for Subsidiary Directors

San Holdings, Inc. announced the disposal of treasury shares as restricted stock compensation for directors of its subsidiary, Kizuna Holdings Corp. This move is part of a broader strategy to increase stock-based compensation, linking it to share price growth and corporate value enhancement. The company has resolved to allot 7,200 shares of its common stock to subsidiary directors, reflecting an increase in the maximum monetary claims and shares allotted annually. This initiative is designed to motivate directors by sharing the benefits and risks of stock price fluctuations.