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Sansan, Inc.
(4443)
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Rating:78Outperform
Price Target:
¥2,109.00
▲(21.00% Upside)
Action:Reiterated
Date:07/15/26
The score is driven primarily by strong financial performance (rapid growth, high gross margins, and improved profitability with supportive cash generation) and a favorable technical setup with clear upward trend and positive momentum. These positives are partially offset by a relatively high P/E and minimal dividend yield, plus the need to confirm that the recent profitability improvement is durable given historical volatility.
Positive Factors
Recurring SaaS revenue
Sansan's core enterprise SaaS model (Sansan) plus Eight's paid features produce recurring, contract-driven revenue. That revenue mix supports predictable cash flows, high retention potential, and scalable unit economics as user counts or contract scope grow, underpinning mid-term revenue visibility and durable topline expansion.
Negative Factors
Historical earnings volatility
A prior loss in 2023 and historically volatile earnings mean recent profitability could prove cyclical. This history raises execution risk: sustaining margin improvements requires consistent revenue growth and cost control across cycles, and setbacks could quickly reverse the recent profit inflection and cash generation trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS revenue
Sansan's core enterprise SaaS model (Sansan) plus Eight's paid features produce recurring, contract-driven revenue. That revenue mix supports predictable cash flows, high retention potential, and scalable unit economics as user counts or contract scope grow, underpinning mid-term revenue visibility and durable topline expansion.
Read all positive factors
Sansan, Inc. (4443) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥232.93B
Dividend YieldN/A
Average Volume (3M)412.29K
Price to Earnings (P/E)34.1
Beta (1Y)0.58
Revenue Growth24.44%
EPS Growth1492.08%
CountryJP
Employees2,235
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)22.40
Shares Outstanding126,800,600
10 Day Avg. Volume458,570
30 Day Avg. Volume412,286
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)10.63
Price to Sales (P/S)4.15
P/FCF Ratio23.65
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)71.51
Revenue Forecast (FY)¥64.26B
Sansan, Inc. Business Overview & Revenue Model
Company Description
Sansan, Inc., a Japanese enterprise, specializes in the development, refinement, and commercialization of business database systems. Its suite of offerings includes Sansan, a cloud-powered platform for comprehensive contact management, designed to...
How the Company Makes Money
Sansan generates revenue primarily through subscription-based (SaaS) fees for its cloud products. The largest revenue stream is typically enterprise SaaS subscriptions for the Sansan service, where corporate customers pay recurring fees to use the...
Sansan, Inc. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.33B | 53.76B | 43.20B | 33.88B | 25.51B | 20.42B |
| Gross Profit | 44.91B | 47.26B | 37.41B | 28.81B | 21.83B | 17.91B |
| EBITDA | 5.31B | 9.22B | 1.54B | 1.87B | 854.00M | 1.71B |
| Net Income | 2.83B | 6.78B | 423.00M | 952.00M | -141.00M | 857.00M |
Balance Sheet | ||||||
| Total Assets | 47.81B | 54.96B | 48.07B | 37.67B | 31.26B | 26.33B |
| Cash, Cash Equivalents and Short-Term Investments | 29.94B | 37.01B | 31.17B | 24.87B | 21.11B | 15.43B |
| Total Debt | 3.18B | 2.73B | 3.89B | 4.59B | 3.51B | 3.09B |
| Total Liabilities | 28.73B | 33.86B | 32.02B | 22.90B | 18.07B | 14.24B |
| Stockholders Equity | 18.98B | 21.01B | 15.92B | 14.64B | 13.12B | 12.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 9.44B | 7.42B | 5.27B | 3.65B | 2.65B |
| Operating Cash Flow | 0.00 | 9.64B | 9.65B | 5.48B | 3.85B | 3.12B |
| Investing Cash Flow | 0.00 | -608.00M | -2.55B | -3.18B | 1.36B | -1.01B |
| Financing Cash Flow | 0.00 | -3.37B | -654.00M | 1.43B | 523.00M | 909.00M |
Sansan, Inc. Technical Analysis
Positive
1743.00
Price Trends
1546.89
Positive
1376.92
Positive
1525.34
Positive
Market Momentum
84.00
Negative
64.26
Neutral
68.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4443, the sentiment is Positive. The current price of 1743 is above the 20-day moving average (MA) of 1638.10, above the 50-day MA of 1546.89, and above the 200-day MA of 1525.34, indicating a bullish trend. The MACD of 84.00 indicates Negative momentum. The RSI at 64.26 is Neutral, neither overbought nor oversold. The STOCH value of 68.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4443.
Sansan, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥119.74B | 15.88 | ― | 1.02% | 23.44% | 74.38% | |
78 Outperform | ¥232.93B | 34.11 | ― | ― | 24.44% | 1492.08% | |
71 Outperform | ¥19.67B | 18.49 | ― | 3.14% | -3.85% | -16.72% | |
61 Neutral | ¥291.28B | 68.04 | -19.16% | ― | 28.28% | ― | |
60 Neutral | ¥6.48B | 15.75 | ― | ― | 23.42% | 457.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥148.26B | 206.96 | ― | ― | 30.48% | ― |
* General Sector Average
JP:4443
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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.