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SAN-A CO (2659) AI Stock Analysis

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JP:2659

SAN-A CO

(TSE/TYO:2659)

Select Model
Rating:71Outperform
Price Target:JPY 3,729.00â–²(12.49% Upside)
Action:reiterated
Date:11/06/26

The overall score of 71 reflects a financially sound company with a fortress-like balance sheet and strong cash generation, which are the most significant positive factors. The attractive 3.91% dividend yield and low volatility add to its defensive appeal. The score is constrained by mixed technicals, including weakening momentum and a near-term overbought signal, as well as recent pressure on gross margins.

Positive Factors
Exceptionally conservative balance sheetMinimal debt relative to equity materially reduces leverage risk and preserves financial flexibility. The expansion of equity from roughly ¥127.9B in 2021 to ¥156.4B in 2026 further strengthens the company’s capacity to fund stores, absorb operating pressures, and maintain resilience.
Negative Factors
Latest-year net income declineThe latest decline in net income despite revenue growth indicates that earnings conversion has weakened and that profitability is not rising consistently with sales. If this persists, it could constrain retained earnings growth and reduce the financial benefit of continued top-line expansion.

SAN-A CO (2659) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%JP:2659+21.75%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 206.24B
Dividend Yield
3.81%
Average Volume (3M)
211.53K
Price to Earnings (P/E)
18.3
Beta (1Y)
0.31
Revenue Growth
6.09%
EPS Growth
-0.75%
Country
Japan
Employees
1,746
Sector
Consumer Cyclical
Sector Strength
61
Industry
Department Stores

SAN-A CO Business Overview & Revenue Model

Company Description

SAN-A CO.,LTD. is a prominent retailer primarily operating across Okinawa. Its various outlets provide a wide assortment of products, including groceries, clothing, home appliances, daily necessities, and prepared food items. As of February 2021, the...

How the Company Makes Money

SAN-A CO primarily makes money by selling products directly to consumers through its retail store network. The core revenue stream is merchandise sales, led by food and grocery items (including fresh foods, packaged foods, and beverages) and supporte...

SAN-A CO Financial Statement Overview

Summary

The company exhibits a strong financial profile with consistent revenue growth and a robust, debt-free balance sheet. Cash flow generation has improved significantly, with operating cash flow covering net income nearly three times. The primary concern is recent gross margin compression, which slightly tempers the otherwise solid profitability.

Income Statement

73Positive

Balance Sheet

87Very Positive

Cash Flow

79Positive
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue248.27B245.55B237.16B227.58B213.52B204.35B
Gross Profit83.83B84.11B87.80B84.11B77.59B73.04B
EBITDA24.71B23.55B23.70B22.72B18.72B17.31B
Net Income11.22B10.68B11.47B10.68B7.57B6.66B
Balance Sheet
Total Assets197.74B217.27B191.45B186.94B172.54B165.80B
Cash, Cash Equivalents and Short-Term Investments48.64B79.53B59.84B54.85B39.30B31.59B
Total Debt0264.00M277.00M289.00M302.00M314.00M
Total Liabilities46.05B56.31B36.90B40.79B35.13B34.08B
Stockholders Equity147.43B156.41B150.51B142.40B134.01B128.53B
Cash Flow
Free Cash Flow-7.28B26.00B8.87B18.27B9.91B-1.98B
Operating Cash Flow-618.50M31.62B14.98B21.18B14.74B4.08B
Investing Cash Flow-6.64B-6.49B-6.20B-3.13B-5.07B-6.37B
Financing Cash Flow-8.19B-5.44B-3.79B-2.51B-1.96B-6.24B

SAN-A CO Technical Analysis

Technical Analysis SentimentPositive
Last Price3315.00

Price Trends

50DMA3260.80Positive
100DMA3253.75Positive
200DMA3177.30Positive

Market Momentum

MACD17.35Negative
RSI57.72Neutral
STOCH60.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2659, the sentiment is Positive. The current price of 3315.00 is above the 20-day moving average (MA) of 3196.25, above the 50-day MA of 3260.80, and above the 200-day MA of 3177.30, indicating a bullish trend. The MACD of 17.35 indicates Negative momentum. The RSI at 57.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2659.

SAN-A CO Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:2659 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:2659JP:265971OutperformJPY 206.24B18.297.39%3.81%6.09%-0.75%
JP:9956JP:995670OutperformJPY 200.01B8.77―3.81%9.04%13.87%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
JP:8278JP:827858NeutralJPY 177.44B20.34―1.49%-1.47%119.37%
JP:8217JP:821751NeutralJPY 31.06B-182.42―3.40%-0.24%92.09%
JP:3222JP:322250NeutralJPY 162.13B-24.05―2.06%10.71%-523.13%
JP:8273JP:827348NeutralJPY 210.08B12.00―3.10%0.92%46.70%

* Consumer Cyclical Sector Average

Performance Comparison

-10%0%10%20%30%JP:2659JP:3222JP:8217JP:8273JP:8278JP:9956Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:2659 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2659SAN-A CO 3315.00586.3221.49%
JP:3222United Super Markets Holdings, Inc.777.00-66.00-7.83%
JP:8217Okuwa Co., Ltd.764.00-58.49-7.11%
JP:8273Izumi Co., Ltd.967.0021.612.29%
JP:8278Fuji Co., Ltd.2019.0042.042.13%
JP:9956Valor Holdings Co., Ltd.1561.0094.236.42%

SAN-A CO Corporate Events

SAN-A Acquires 929,900 Shares in October Buyback

Nov 2, 2026

SAN-A CO., LTD. acquired 929,900 common shares through market purchases on the Tokyo Stock Exchange between October 1 and October 30, 2026, for ¥2.919 billion. The purchases are part of a broader treasury-share program authorized by the company’s boa...

SAN-A CO. Delivers Profit Growth in First Half and Holds Earnings, Dividend Outlook

Oct 6, 2026

SAN-A CO. reported consolidated operating revenue of ¥129.9 billion for the six months ended August 31, 2026, up 6.3% year on year, with operating profit rising 13.1% to ¥9.8 billion and profit attributable to owners of parent increasing 9.2% to ¥6.4...

SAN-A Advances Share Buyback Program with ¥1.29 Billion September Repurchase

Oct 1, 2026

SAN-A CO., LTD. reported that it repurchased 384,300 of its own common shares on the Tokyo Stock Exchange in September 2026, at a total cost of about ¥1.29 billion. This buyback is part of a broader program authorized by the board in April 2026, allo...

SAN-A Advances Treasury Stock Buyback, Reaching One-Third of Authorized Program

Sep 2, 2026

SAN-A CO., LTD. has disclosed the latest progress in its ongoing share buyback program, executed under Articles 156 and 165 of Japan’s Companies Act. Between August 3 and August 24, 2026, the company repurchased 299,200 common shares on the Tokyo Sto...

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.

Date of analysis: Nov 05, 2026