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SE Holdings & Incubations Co., Ltd.
(9478)
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Rating:65Neutral
Price Target:
¥542.00
▲(38.97% Upside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by solid financial stability (strong balance sheet) but tempered by weakening revenue/profit trends and inconsistent operating cash flow. Technical indicators are neutral-to-soft, while the low P/E provides meaningful valuation support.
Positive Factors
Balance Sheet Strength
The steadily expanding equity base and moderate debt burden give the group financial flexibility through a range of operating conditions. With debt-to-equity well below 0.5 in the years provided, the company appears better positioned to fund subsidiaries and manage obligations without relying heavily on leverage.
Negative Factors
Revenue Contraction
Broadly flat to slightly declining revenue, including small declines in 2024–2026, signals that the current portfolio is not expanding its top line. Persistent lack of growth can constrain operating leverage, reduce room for reinvestment, and make recovery dependent on renewed demand or better monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The steadily expanding equity base and moderate debt burden give the group financial flexibility through a range of operating conditions. With debt-to-equity well below 0.5 in the years provided, the company appears better positioned to fund subsidiaries and manage obligations without relying heavily on leverage.
Read all positive factors
SE Holdings & Incubations Co., Ltd. (9478) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥7.63B
Dividend Yield0.8%
Average Volume (3M)32.19K
Price to Earnings (P/E)8.4
Beta (1Y)0.42
Revenue Growth-1.13%
EPS Growth144.03%
CountryJP
Employees270
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)45.01
Shares Outstanding16,284,225
10 Day Avg. Volume77,160
30 Day Avg. Volume32,193
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.65
Price to Sales (P/S)1.03
P/FCF Ratio8.43
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)N/A
Revenue Forecast (FY)N/A
SE Holdings & Incubations Co., Ltd. Business Overview & Revenue Model
Company Description
SE Holdings and Incubations Co., Ltd., established in Tokyo, Japan, in 1985 as SHOEISHA Co., Ltd., operates as a diverse enterprise primarily focused on publishing and technology-related services. Its publishing arm produces a wide array of conten...
How the Company Makes Money
SE Holdings & Incubations Co., Ltd. generates revenue primarily through its operating subsidiaries across its business domains. Key revenue streams typically include (1) publishing/content monetization (e.g., sales and distribution of published co...
SE Holdings & Incubations Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.96B | 7.03B | 7.24B | 7.32B | 7.33B | 7.09B |
| Gross Profit | 3.41B | 3.40B | 3.54B | 3.73B | 3.86B | 3.85B |
| EBITDA | 1.11B | 1.02B | 878.00M | 1.27B | 1.45B | 1.46B |
| Net Income | 705.00M | 633.00M | 531.00M | 729.00M | 965.00M | 907.00M |
Balance Sheet | ||||||
| Total Assets | 19.51B | 18.69B | 15.54B | 14.47B | 11.89B | 11.32B |
| Cash, Cash Equivalents and Short-Term Investments | 16.07B | 14.70B | 10.88B | 9.76B | 6.98B | 6.66B |
| Total Debt | 3.70B | 3.61B | 3.49B | 3.26B | 2.59B | 2.53B |
| Total Liabilities | 7.59B | 7.45B | 6.50B | 5.94B | 4.91B | 4.88B |
| Stockholders Equity | 11.91B | 11.23B | 9.04B | 8.53B | 6.98B | 6.43B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 861.00M | 407.00M | 424.00M | -39.00M | 568.00M |
| Operating Cash Flow | 0.00 | 868.00M | -261.00M | 479.00M | -11.00M | 609.00M |
| Investing Cash Flow | 0.00 | 459.00M | -16.00M | 45.00M | -2.00M | -53.00M |
| Financing Cash Flow | 0.00 | -509.00M | -15.00M | -195.00M | -492.00M | -311.00M |
SE Holdings & Incubations Co., Ltd. Technical Analysis
Positive
390.00
Price Trends
511.34
Positive
513.03
Positive
490.40
Positive
Market Momentum
-0.76
Negative
55.60
Neutral
47.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9478, the sentiment is Positive. The current price of 390 is below the 20-day moving average (MA) of 500.10, below the 50-day MA of 511.34, and below the 200-day MA of 490.40, indicating a bullish trend. The MACD of -0.76 indicates Negative momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9478.
SE Holdings & Incubations Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥10.40B | 8.54 | ― | 0.87% | 10.53% | 1379.90% | |
65 Neutral | ¥7.63B | 8.43 | ― | 0.80% | -1.13% | 144.03% | |
65 Neutral | ¥14.37B | 9.63 | ― | 2.77% | 0.33% | 2.64% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | ¥8.33B | -397.94 | ― | 1.03% | -3.52% | 93.17% | |
47 Neutral | ¥2.71B | 46.17 | ― | 0.90% | 4.45% | ― | |
43 Neutral | ¥3.19B | -1.18 | ― | ― | 34.14% | -131.16% |
* Communication Services Sector Average
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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.