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SG Holdings Co
(9143)
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Rating:64Neutral
Price Target:
¥1,719.00
▲(17.26% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily constrained by financial performance: profitability has materially compressed and leverage has increased, despite positive cash generation. This is partially offset by constructive technicals (price above key moving averages with positive MACD) and a supportive valuation profile (P/E 15.75 and ~3.30% dividend yield).
Positive Factors
Positive cash generation
SG Holdings produced material operating cash flow (~¥125B) and positive free cash flow (~¥46B) in 2026. Persistent cash generation supports reinvestment in the logistics network, maintains dividend capacity and helps service debt, providing durable financial flexibility despite weaker conversion metrics.
Negative Factors
Compression of margins
Profitability has structurally stepped down to mid‑3% net margin from prior high‑single digits, indicating sustained cost, mix or pricing pressure. Lower margins reduce earnings volatility buffers and limit internally funded investment or resilience against rising operating costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
SG Holdings produced material operating cash flow (~¥125B) and positive free cash flow (~¥46B) in 2026. Persistent cash generation supports reinvestment in the logistics network, maintains dividend capacity and helps service debt, providing durable financial flexibility despite weaker conversion metrics.
Read all positive factors
SG Holdings Co (9143) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥883.76B
Dividend Yield3.58%
Average Volume (3M)1.41M
Price to Earnings (P/E)14.5
Beta (1Y)0.28
Revenue Growth14.06%
EPS Growth13.64%
CountryJP
Employees60,483
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)89.74
Shares Outstanding640,394,400
10 Day Avg. Volume1,591,970
30 Day Avg. Volume1,414,853
Financial Highlights & Ratios
PEG Ratio2.67
Price to Book (P/B)1.63
Price to Sales (P/S)0.54
P/FCF Ratio19.51
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)104.91
Revenue Forecast (FY)¥1.76T
SG Holdings Co Business Overview & Revenue Model
Company Description
Established in Kyoto, Japan, in 1957, SG Holdings Co.,Ltd. is a diversified enterprise operating across Japan and internationally through its subsidiaries. Its primary activities encompass package delivery, comprehensive logistics solutions, and r...
How the Company Makes Money
SG Holdings makes money primarily through fees charged for logistics and delivery services provided by its operating subsidiaries. The core revenue stream is parcel delivery—collecting shipping charges from businesses and consumers for domestic (a...
SG Holdings Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.51T | 1.64T | 1.48T | 1.32T | 1.43T | 1.59T |
| Gross Profit | 160.79B | 189.89B | 155.08B | 148.94B | 193.00B | 208.33B |
| EBITDA | 136.15B | 152.69B | 134.58B | 126.88B | 221.86B | 192.94B |
| Net Income | 55.84B | 59.07B | 58.12B | 58.28B | 126.51B | 106.73B |
Balance Sheet | ||||||
| Total Assets | 1.15T | 1.23T | 1.04T | 897.05B | 904.96B | 921.79B |
| Cash, Cash Equivalents and Short-Term Investments | 98.86B | 96.71B | 116.86B | 147.27B | 178.25B | 87.40B |
| Total Debt | 364.11B | 394.42B | 205.37B | 84.80B | 97.24B | 135.29B |
| Total Liabilities | 627.30B | 680.34B | 456.02B | 306.78B | 337.55B | 409.89B |
| Stockholders Equity | 522.11B | 546.20B | 580.15B | 577.51B | 553.86B | 496.34B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 45.60B | 69.83B | 42.41B | 140.74B | 28.55B |
| Operating Cash Flow | 0.00 | 124.82B | 118.60B | 77.63B | 165.38B | 81.82B |
| Investing Cash Flow | 0.00 | -216.76B | -164.73B | -41.36B | 28.03B | -45.27B |
| Financing Cash Flow | 0.00 | 65.77B | 13.99B | -70.31B | -105.47B | -25.37B |
SG Holdings Co Technical Analysis
Negative
1466.00
Price Trends
1568.60
Negative
1519.13
Negative
1498.23
Negative
Market Momentum
-24.90
Positive
36.27
Neutral
10.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9143, the sentiment is Negative. The current price of 1466 is below the 20-day moving average (MA) of 1554.70, below the 50-day MA of 1568.60, and below the 200-day MA of 1498.23, indicating a bearish trend. The MACD of -24.90 indicates Positive momentum. The RSI at 36.27 is Neutral, neither overbought nor oversold. The STOCH value of 10.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9143.
SG Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥199.78B | 10.03 | ― | 2.40% | 22.23% | 236.33% | |
66 Neutral | ¥547.24B | 12.65 | 11.25% | 2.70% | -3.94% | 16.95% | |
64 Neutral | ¥883.76B | 14.52 | 11.39% | 3.68% | 14.06% | 13.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥378.70B | 18.14 | 9.24% | 2.38% | 6.86% | 6.22% | |
60 Neutral | ¥259.40B | 21.68 | ― | 1.47% | 6.16% | 11.10% | |
58 Neutral | ¥1.36T | 72.41 | ― | 1.78% | 2.30% | -32.11% |
* Industrials Sector Average
JP:9143
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SG Holdings Co Corporate Events
SG Holdings Delivers Strong Q1 Growth but Signals Moderating Profit Expansion
Aug 7, 2026
SG Holdings reported strong first‑quarter results for the three months to June 30, 2026, with operating revenues rising 21.7% year on year to ¥447.3 billion and net income attributable to owners of the parent up 20.8% to ¥12.3 bill...
SG Holdings Subsidiary Loses Customs License After E-Commerce Compliance Breach
Jun 1, 2026
SG Holdings said its consolidated subsidiary SGH Global Japan has been hit with an administrative penalty, including revocation of its customs brokerage license and bonded warehouse permits at Narita and Kansai airport logistics centers, after Tok...
SG Holdings Raises Full-Year Dividend as It Sticks to Progressive Payout Policy
May 21, 2026
SG Holdings has approved a year-end dividend of 27 yen per share for the fiscal year ended March 31, 2026, matching its latest forecast and slightly exceeding the previous year’s 26 yen. The total payout from retained earnings will be about ...
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.