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SUNWELS Co.,Ltd.
(9229)
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Rating:42Neutral
Price Target:
¥104.00
▼(-69.68% Downside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by weak financial performance—margin collapse, operating and net losses, higher leverage, and deteriorating cash flow. Technicals also point to a sustained downtrend with negative momentum indicators. Valuation is constrained by losses (negative P/E) and no stated dividend yield.
Positive Factors
Revenue Expansion
The company has demonstrated a multi-year ability to expand revenue, with growth re-accelerating in FY2026 after a slowdown. Continued demand for its care and welfare services could support operating scale and preserve a foundation for recovery if profitability improves.
Negative Factors
Severe Margin Deterioration
The sharp reduction in gross margin and shift to an operating loss show that revenue growth is not currently translating into durable earnings. Unless cost pressure reverses, weaker margins can limit reinvestment, reduce resilience, and prolong the company’s path back to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
The company has demonstrated a multi-year ability to expand revenue, with growth re-accelerating in FY2026 after a slowdown. Continued demand for its care and welfare services could support operating scale and preserve a foundation for recovery if profitability improves.
Read all positive factors
SUNWELS Co.,Ltd. (9229) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.80B
Dividend Yield2.77%
Average Volume (3M)160.90K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue Growth7.33%
EPS Growth16.03%
CountryJP
Employees3,570
SectorGeneral
Sector StrengthN/A
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)-45.88
Shares Outstanding35,220,000
10 Day Avg. Volume102,880
30 Day Avg. Volume160,903
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.15
Price to Sales (P/S)0.28
P/FCF Ratio-5.34
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)-27.7
Revenue Forecast (FY)¥32.00B
SUNWELS Co.,Ltd. Business Overview & Revenue Model
Company Description
Sunwels Co., Ltd. primarily delivers nursing care services, with its operations prominently featuring the "PD house" model. The company runs specialized residential facilities for seniors diagnosed with Parkinson's disease and also manages a Kaats...
How the Company Makes Money
SUNWELS generates revenue primarily by operating care and welfare services and charging fees associated with those services. Key revenue streams are expected to include (1) service fees from providing nursing care/welfare services (often structure...
SUNWELS Co.,Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
24
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.83B | 28.14B | 26.50B | 20.11B | 13.24B | 8.17B |
| Gross Profit | 2.74B | 2.76B | 4.89B | 5.13B | 3.24B | 1.60B |
| EBITDA | 2.01B | 1.88B | 1.88B | 3.15B | 1.52B | 573.94M |
| Net Income | -1.49B | -1.66B | -925.00M | 802.00M | 303.60M | 10.65M |
Balance Sheet | ||||||
| Total Assets | 45.05B | 45.63B | 39.44B | 31.74B | 19.30B | 9.10B |
| Cash, Cash Equivalents and Short-Term Investments | 3.93B | 4.09B | 5.64B | 3.31B | 2.61B | 814.76M |
| Total Debt | 29.03B | 29.11B | 22.49B | 20.11B | 11.20B | 6.60B |
| Total Liabilities | 38.63B | 38.66B | 30.82B | 26.54B | 14.69B | 8.52B |
| Stockholders Equity | 6.42B | 6.97B | 8.62B | 5.20B | 4.61B | 580.80M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.50B | -2.32B | -2.93B | -740.86M | -73.95M |
| Operating Cash Flow | 0.00 | -332.00M | 1.88B | 2.56B | 1.14B | 378.19M |
| Investing Cash Flow | 0.00 | -1.27B | -4.40B | -5.66B | -2.04B | -633.05M |
| Financing Cash Flow | 0.00 | 62.00M | 4.84B | 3.80B | 2.70B | 573.26M |
SUNWELS Co.,Ltd. Technical Analysis
Negative
343.00
Price Trends
116.58
Negative
137.13
Negative
217.27
Negative
Market Momentum
-2.80
Positive
37.15
Neutral
23.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9229, the sentiment is Negative. The current price of 343 is above the 20-day moving average (MA) of 111.85, above the 50-day MA of 116.58, and above the 200-day MA of 217.27, indicating a bearish trend. The MACD of -2.80 indicates Positive momentum. The RSI at 37.15 is Neutral, neither overbought nor oversold. The STOCH value of 23.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9229.
SUNWELS Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥3.21B | 7.19 | ― | 3.30% | 5.48% | 13.46% | |
56 Neutral | ¥5.95B | 20.89 | ― | 3.83% | 4.76% | -52.55% | |
56 Neutral | ¥2.62B | 30.67 | ― | 3.23% | -5.72% | -73.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ¥4.13B | 12.17 | ― | 5.26% | 14.91% | -39.00% | |
42 Neutral | ¥3.80B | -2.33 | ― | 2.77% | 7.33% | 16.03% |
* General Sector Average
JP:9229
SUNWELS Co.,Ltd.
107.00
-513.00
-82.74%
JP:2373
Care Twentyone Corporation
444.00
7.88
1.81%
JP:2425
Care Service Co., Ltd.
682.00
-98.58
-12.63%
JP:7061
Japan Hospice Holdings Inc.
475.00
-800.10
-62.75%
JP:9220
FB CARE SERVICE CO.,LTD.
1,305.00
138.93
11.91%
SUNWELS Co.,Ltd. Corporate Events
SUNWELS books extraordinary loss as voluntary retirement program trims care workforce
Sep 24, 2026
SUNWELS Co., Ltd. has completed a voluntary retirement program targeting non-managerial care, nursing and rehabilitation staff in designated areas, after receiving 231 applications and approving 112 employees to leave by October 31, 2026. Manageme...
SUNWELS Extends Loan Principal Deferral to Support Structural Reforms
Sep 24, 2026
SUNWELS Co., Ltd. has secured agreements with nine financial institutions to extend the deferral of principal repayments on its existing borrowings, pushing back payments originally due between October 1, 2026 and March 31, 2027. The deferral cove...
SUNWELS Launches Voluntary Retirement Program to Streamline Care Operations
Sep 1, 2026
SUNWELS Co., Ltd. has approved a voluntary retirement program as part of a broader effort to optimize personnel allocation in response to shifts in its earnings structure, including recent revisions to medical service fees. The initiative targets ...
Sunwels Names Former Health Ministry Official as President to Rebuild Trust
Aug 12, 2026
Sunwels Co., Ltd. has appointed Toshihiko Atarashi as President and Representative Director, signaling a leadership shift aimed at restoring trust and strengthening governance. Atarashi brings extensive experience from the Ministry of Health, Labo...
SUNWELS Narrows Quarterly Losses on Higher Sales but Keeps Zero-Dividend Outlook
Aug 12, 2026
SUNWELS reported non-consolidated net sales of ¥7,298 million for the three months ended June 30, 2026, up 10.5% year on year, while remaining loss-making with an operating loss of ¥347 million and a net loss of ¥557 million, improv...
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.