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S B S Holdings, Inc.
(2384)
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Rating:78Outperform
Price Target:
¥4,959.00
▲(31.19% Upside)
Action:Upgraded
Date:05/19/26
The score is driven primarily by very attractive valuation (low P/E with a dividend) and strong technical uptrend (price above all major moving averages with positive momentum). Financial performance is stable-to-improving thanks to the 2025 growth rebound and stronger cash flow, but structurally thin margins and still-meaningful leverage temper the overall rating.
Positive Factors
Revenue rebound / demand resilience
A clear revenue rebound in 2025 signals durable demand recovery and improved volume/price mix. Sustained top-line growth supports scale economics, underpins cash generation, and provides management scope to invest in network capacity or efficiency initiatives, helping the business resist cyclical weakness over the next several quarters.
Negative Factors
Structurally thin net margins
Net margins around 2%–3% leave limited earnings buffer against cost inflation or volume declines. Low structural profitability constrains the company's ability to self-fund expansion, makes returns sensitive to small cost changes, and can compress cash available for deleveraging or shareholder distributions during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound / demand resilience
A clear revenue rebound in 2025 signals durable demand recovery and improved volume/price mix. Sustained top-line growth supports scale economics, underpins cash generation, and provides management scope to invest in network capacity or efficiency initiatives, helping the business resist cyclical weakness over the next several quarters.
Read all positive factors
S B S Holdings, Inc. (2384) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥171.38B
Dividend Yield1.84%
Average Volume (3M)50.81K
Price to Earnings (P/E)9.1
Beta (1Y)0.60
Revenue Growth18.74%
EPS Growth223.25%
CountryJP
Employees10,759
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)477.42
Shares Outstanding39,718,200
10 Day Avg. Volume49,520
30 Day Avg. Volume50,810
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)351.67
Revenue Forecast (FY)¥566.10B
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...
How the Company Makes Money
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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 | 530.93B | 490.34B | 448.14B | 431.91B | 455.48B | 403.49B |
| Gross Profit | 66.98B | 55.74B | 49.84B | 50.14B | 50.54B | 46.72B |
| EBITDA | 46.01B | 35.25B | 30.37B | 30.32B | 33.74B | 31.11B |
| Net Income | 18.96B | 11.78B | 9.62B | 10.06B | 11.73B | 10.79B |
Balance Sheet | ||||||
| Total Assets | 351.57B | 346.85B | 317.29B | 301.32B | 296.90B | 277.20B |
| Cash, Cash Equivalents and Short-Term Investments | 35.90B | 22.55B | 29.70B | 29.67B | 32.67B | 23.80B |
| Total Debt | 101.79B | 106.71B | 104.51B | 101.59B | 104.09B | 98.66B |
| Total Liabilities | 220.00B | 220.30B | 204.33B | 198.72B | 204.72B | 196.49B |
| Stockholders Equity | 101.50B | 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
4464.30
Negative
4305.95
Positive
3960.29
Positive
Market Momentum
-64.00
Positive
46.42
Neutral
57.21
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 4395.00, below the 50-day MA of 4464.30, and below the 200-day MA of 3960.29, indicating a neutral trend. The MACD of -64.00 indicates Positive momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 57.21 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥171.38B | 9.11 | ― | 1.84% | 18.74% | 223.25% | |
70 Outperform | ¥147.05B | 10.37 | ― | 3.65% | 3.06% | 1.49% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥276.00B | 24.17 | ― | 1.28% | 6.67% | 10.45% | |
60 Neutral | ¥941.65B | 15.95 | 9.97% | 3.54% | 11.19% | 5.65% | |
59 Neutral | ¥324.42B | 17.31 | 8.30% | 2.50% | 5.27% | -5.87% | |
56 Neutral | ¥1.31T | 211.01 | ― | 2.99% | -0.90% | -81.16% |
* Industrials Sector Average
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S B S Holdings, Inc. Corporate Events
SBS Holdings Delivers Sharp Profit Rebound and Hikes Dividend Outlook
May 15, 2026
SBS Holdings reported a strong rebound for the three months ended March 31, 2026, with net sales climbing 36.0% year on year to ¥153.4 billion and operating income surging more than threefold to ¥13.1 billion. Net income attributable to ...
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.