SG Holdings Co (9143) AI Stock Analysis

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SG Holdings Co

(TSE/TYO:9143)

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Rating:63.9Neutral

Price Target:JPY 1,507.00▲(3.22% 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

Revenue reboundThe return to 8.8% annual revenue growth shows the logistics platform retains demand resilience after uneven performance in 2023–2024. Sustained top-line recovery can support network utilization, customer retention, and investment in broader logistics services over the next several quarters.

Negative Factors

Structural margin compressionThe sustained decline in net and operating margins indicates that revenue recovery is not translating into comparable profitability. Thinner margins reduce earnings resilience, leave less room to absorb cost or mix pressure, and could limit the cash available for reinvestment if the pattern persists.

SG Holdings Co (9143) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 5.83B
Dividend Yield: 3.70%
Average Volume (3M): 1.36M
Price to Earnings (P/E): 14.3
Beta (1Y): 0.29
Revenue Growth: 14.06%
EPS Growth: 13.64%
Country: Japan
Employees: 60,483
Sector: Industrials
Sector Strength: 63
Industry: Integrated Freight & Logistics

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 real...

How the Company Makes Money

SG Holdings makes money primarily through the operating companies within the SG Holdings Group. The core revenue stream is logistics services, with a major contribution from parcel delivery (including business-to-business and business-to-consumer shi...

SG Holdings Co Financial Statement Overview

Summary

Revenue rebounded in 2026 (+8.8% YoY) and operating cash flow is positive, but profitability has structurally stepped down (mid-3% net margin vs high-single digits previously) and leverage has risen quickly (debt/equity ~0.72 in 2026). Free cash flow remains positive but conversion and consistency have weakened.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

58Neutral

Financial statement breakdown
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	1.31T
Gross Profit	160.79B	189.89B	155.08B	148.94B	193.00B	144.96B
EBITDA	136.15B	152.69B	134.58B	126.88B	221.86B	128.12B
Net Income	55.84B	59.07B	58.12B	58.28B	126.51B	74.34B
Balance Sheet
Total Assets	1.15T	1.23T	1.04T	897.05B	904.96B	790.26B
Cash, Cash Equivalents and Short-Term Investments	98.86B	96.71B	116.86B	147.27B	178.25B	69.17B
Total Debt	364.11B	394.42B	205.37B	84.80B	97.24B	123.77B
Total Liabilities	627.30B	680.34B	456.02B	306.78B	337.55B	385.41B
Stockholders Equity	522.11B	546.20B	580.15B	577.51B	553.86B	398.34B
Cash Flow
Free Cash Flow	0	45.60B	69.83B	42.41B	140.74B	62.10B
Operating Cash Flow	0	124.82B	118.60B	77.63B	165.38B	121.29B
Investing Cash Flow	0	-216.76B	-164.73B	-41.36B	28.03B	504.00M
Financing Cash Flow	0	65.77B	13.99B	-70.31B	-105.47B	-121.93B

SG Holdings Co Technical Analysis

Technical Analysis SentimentNegative

Last Price1460.00

Price Trends

50DMA1472.23Negative

100DMA1497.28Negative

200DMA1474.32Negative

Market Momentum

MACD-1.77Positive

RSI47.55Neutral

STOCH19.88Positive

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 1460.00 is below the 20-day moving average (MA) of 1462.95, below the 50-day MA of 1472.23, and below the 200-day MA of 1474.32, indicating a bearish trend. The MACD of -1.77 indicates Positive momentum. The RSI at 47.55 is Neutral, neither overbought nor oversold. The STOCH value of 19.88 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

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

JP:9143 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9302	70Neutral	JPY 252.54B	21.11	―	1.53%	6.16%	11.10%
JP:2384	69Neutral	JPY 236.32B	11.86	―	1.51%	22.23%	236.33%
JP:9143	64Neutral	JPY 871.23B	14.31	11.39%	3.70%	14.06%	13.64%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
JP:9069	63Neutral	JPY 413.16B	19.79	9.24%	2.18%	6.86%	6.22%
JP:9301	62Neutral	JPY 534.45B	12.36	8.34%	2.79%	-1.09%	-32.24%
JP:9147	58Neutral	JPY 1.40T	76.63	―	1.68%	2.30%	-32.11%

* Industrials Sector Average

Performance Comparison

JP:9143 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9143	SG Holdings Co	1460.00	93.82	6.87%
JP:9301	Mitsubishi Logistics Corporation	1504.00	416.98	38.36%
JP:9069	SENKO Group Holdings Co.Ltd.	2428.00	467.24	23.83%
JP:2384	S B S Holdings, Inc.	5950.00	2654.50	80.55%
JP:9147	NIPPON EXPRESS HOLDINGS,INC.	5939.00	2743.05	85.83%
JP:9302	MITSUI-SOKO HOLDINGS Co., Ltd.	3240.00	-751.74	-18.83%

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 billion...

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: Aug 11, 2026

SG Holdings Co AI Stock Analysis