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S B S Holdings, Inc.
(2384)
Select Model
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Rating:74Outperform
Price Target:
¥6,518.00
▲(72.43% Upside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by improving financial performance (revenue rebound and stronger cash generation) and positive technical momentum (price above key moving averages with bullish MACD). A low P/E and moderate dividend yield further support the rating, while thin margins and still-elevated leverage temper the upside.
Positive Factors
Revenue Growth
The 2025 revenue rebound indicates that demand has recovered after the earlier dip and that the business is benefiting from improving volume and price mix. Continued top-line resilience can support scale, customer retention, and reinvestment over the next several quarters.
Negative Factors
Thin Profit Margins
Thin net margins leave limited room to absorb higher costs, weaker demand, or execution setbacks without affecting earnings. The softening in operating and EBITDA margins also suggests that recent revenue growth has not yet translated into stronger operating leverage or a more resilient profit structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The 2025 revenue rebound indicates that demand has recovered after the earlier dip and that the business is benefiting from improving volume and price mix. Continued top-line resilience can support scale, customer retention, and reinvestment over the next several quarters.
Read all positive factors
S B S Holdings, Inc. (2384) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥217.25B
Dividend Yield1.61%
Average Volume (3M)88.69K
Price to Earnings (P/E)11.2
Beta (1Y)0.46
Revenue Growth22.23%
EPS Growth236.33%
CountryJP
Employees11,772
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)501.57
Shares Outstanding39,718,200
10 Day Avg. Volume90,790
30 Day Avg. Volume88,690
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.55
Price to Sales (P/S)0.31
P/FCF Ratio6.70
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)380.48
Revenue Forecast (FY)¥577.99B
S B S Holdings, Inc. Business Overview & Revenue Model
Company Description
SBS Holdings, Inc. is a Tokyo, Japan-based enterprise that operates extensively in the logistics sector, both within Japan and internationally. The company facilitates product movement through diverse transportation methods, including truck and tr...
S B S Holdings, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 556.06B | 490.34B | 448.14B | 431.91B | 455.48B | 403.49B |
| Gross Profit | 69.70B | 55.74B | 49.84B | 50.14B | 50.54B | 46.72B |
| EBITDA | 48.14B | 35.25B | 30.37B | 30.32B | 33.74B | 31.11B |
| Net Income | 19.92B | 11.78B | 9.62B | 10.06B | 11.73B | 10.79B |
Balance Sheet | ||||||
| Total Assets | 357.32B | 346.85B | 317.29B | 301.32B | 296.90B | 277.20B |
| Cash, Cash Equivalents and Short-Term Investments | 39.17B | 22.55B | 29.70B | 29.67B | 32.67B | 23.80B |
| Total Debt | 100.84B | 106.71B | 104.51B | 101.59B | 104.09B | 98.66B |
| Total Liabilities | 222.19B | 220.30B | 204.33B | 198.72B | 204.72B | 196.49B |
| Stockholders Equity | 104.56B | 96.72B | 88.22B | 79.58B | 70.38B | 60.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 22.39B | 2.70B | 4.30B | 5.33B | 14.61B |
| Operating Cash Flow | 0.00 | 35.43B | 15.81B | 14.11B | 22.41B | 27.47B |
| Investing Cash Flow | 0.00 | -28.54B | -16.72B | -10.18B | -15.89B | -22.34B |
| Financing Cash Flow | 0.00 | -14.85B | -1.29B | -7.65B | 489.00M | -9.28B |
S B S Holdings, Inc. Technical Analysis
Positive
3780.00
Price Trends
5154.20
Positive
4789.70
Positive
4469.81
Positive
Market Momentum
165.66
Negative
69.48
Neutral
73.04
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 3780 is below the 20-day moving average (MA) of 5389.50, below the 50-day MA of 5154.20, and below the 200-day MA of 4469.81, indicating a bullish trend. The MACD of 165.66 indicates Negative momentum. The RSI at 69.48 is Neutral, neither overbought nor oversold. The STOCH value of 73.04 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥152.93B | 11.35 | ― | 3.77% | 1.34% | 9.01% | |
74 Outperform | ¥217.25B | 11.16 | ― | 2.01% | 22.23% | 236.33% | |
70 Neutral | ¥254.80B | 21.34 | ― | 1.51% | 6.16% | 11.10% | |
64 Neutral | ¥887.04B | 14.67 | 11.39% | 3.67% | 14.06% | 13.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥400.23B | 19.23 | 9.24% | 2.37% | 6.86% | 6.22% | |
58 Neutral | ¥1.36T | 75.68 | ― | 1.72% | 2.30% | -32.11% |
* Industrials Sector Average
JP:2384
S B S Holdings, Inc.
5,820.00
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S B S Holdings, Inc. Corporate Events
SBS Holdings to Acquire Mitsubishi Chemical Logistics and Expand Chemical Logistics Footprint
Sep 28, 2026
SBS Holdings has agreed to acquire all outstanding shares of Mitsubishi Chemical Logistics Corporation, a major Japanese provider of chemical and hazardous materials logistics, from Mitsubishi Chemical Corporation, with completion targeted for Apr...
SBS Holdings to Rebrand Tire Logistics Subsidiaries Under “TIRE FRONTIER” Banner
Aug 7, 2026
SBS Holdings, Inc. will rename two consolidated subsidiaries, Bridgestone Logistics Co., Ltd. and Towa Unyu Co., Ltd., to SBS TIRE FRONTIER Co., Ltd. and SBS TIRE FRONTIER TRANSPORT Co., Ltd., effective October 1, 2026, pending shareholder and boa...
SBS Holdings Lifts 2026 Earnings and Dividend Forecasts on Strong Logistics Demand
Aug 7, 2026
SBS Holdings has raised its full-year consolidated earnings forecast for the fiscal year ending December 2026 after first-half net sales and profits exceeded initial expectations. The company cites strong logistics volumes from existing customers,...
SBS Holdings Delivers Profit Rebound and Hikes 2026 Dividend Forecast
Aug 7, 2026
SBS Holdings reported a sharp turnaround in its first half of 2026, with consolidated net sales rising 28.8% year on year to ¥294.3 billion and operating income surging 180.9% to ¥17.9 billion. Net income attributable to owners of the pa...
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.