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San Holdings, Inc. (Japan)
(9628)
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Rating:71Outperform
Price Target:
¥1,624.00
▲(8.41% Upside)
Action:Reiterated
Date:11/21/25
San Holdings, Inc. receives a strong overall score driven by its impressive financial performance and attractive valuation. However, bearish technical indicators and weak market momentum present significant risks. The stock's low P/E ratio and solid dividend yield offer potential upside, but caution is advised due to negative technical signals.
Positive Factors
Strong revenue growth
San Holdings has delivered sustained double‑digit top‑line expansion (42.6% year over year; Fundamentals.RevenueGrowth ~44%), indicating expanding market penetration and product demand. Persistent high revenue growth supports scale economies, margin retention, and room to fund strategic investments over the next 2–6 months.
Negative Factors
High capital expenditures
Material negative investing cash flow signals significant ongoing capital expenditures. If capex remains elevated, it can compress free cash flow and require continued reinvestment or external funding. Over the medium term this can constrain discretionary cash uses and raise project execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
San Holdings has delivered sustained double‑digit top‑line expansion (42.6% year over year; Fundamentals.RevenueGrowth ~44%), indicating expanding market penetration and product demand. Persistent high revenue growth supports scale economies, margin retention, and room to fund strategic investments over the next 2–6 months.
Read all positive factors
San Holdings, Inc. (Japan) (9628) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥31.49B
Dividend Yield4.19%
Average Volume (3M)35.96K
Price to Earnings (P/E)9.3
Beta (1Y)0.76
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees709
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)213.37
Shares Outstanding24,200,000
10 Day Avg. Volume34,820
30 Day Avg. Volume35,960
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)0.62
Price to Sales (P/S)0.74
P/FCF Ratio0.00
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)174.8
Revenue Forecast (FY)¥43.81B
San Holdings, Inc. (Japan) Business Overview & Revenue Model
Company Description
SAN Holdings, Inc. is a Japanese company that specializes in providing funeral services. The firm manages a network of approximately 70 funeral establishments across the country. Established in 1932, its corporate headquarters are situated in Toky...
How the Company Makes Money
San Holdings, Inc. generates revenue through the provision of funeral services, including planning, execution, and management of funeral ceremonies. The company earns income from direct fees for its services, rental income from facilities used for...
San Holdings, Inc. (Japan) Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.87B | 31.98B | 22.44B | 21.66B | 20.00B |
| Gross Profit | 5.98B | 7.18B | 5.25B | 5.30B | 4.70B |
| EBITDA | 5.94B | 6.38B | 4.72B | 4.74B | 4.25B |
| Net Income | 4.50B | 4.72B | 2.36B | 2.78B | 2.04B |
Balance Sheet | |||||
| Total Assets | 76.02B | 63.59B | 37.78B | 36.42B | 34.04B |
| Cash, Cash Equivalents and Short-Term Investments | 10.44B | 12.66B | 9.79B | 9.19B | 7.44B |
| Total Debt | 15.01B | 17.79B | 256.00M | 268.00M | 354.00M |
| Total Liabilities | 30.99B | 26.41B | 4.90B | 4.80B | 4.41B |
| Stockholders Equity | 45.02B | 37.17B | 32.88B | 31.61B | 29.63B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 3.14B | 2.23B | 2.48B | 1.64B |
| Operating Cash Flow | 0.00 | 5.34B | 3.17B | 3.26B | 2.99B |
| Investing Cash Flow | 0.00 | -12.10B | -1.44B | -594.00M | -1.49B |
| Financing Cash Flow | 0.00 | 9.65B | -1.16B | -923.00M | -1.10B |
San Holdings, Inc. (Japan) Technical Analysis
Negative
1498.00
Price Trends
1399.02
Negative
1384.51
Negative
1405.57
Negative
Market Momentum
-9.09
Positive
44.00
Neutral
41.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9628, the sentiment is Negative. The current price of 1498 is above the 20-day moving average (MA) of 1396.95, above the 50-day MA of 1399.02, and above the 200-day MA of 1405.57, indicating a bearish trend. The MACD of -9.09 indicates Positive momentum. The RSI at 44.00 is Neutral, neither overbought nor oversold. The STOCH value of 41.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9628.
San Holdings, Inc. (Japan) Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥36.96B | 15.89 | 24.65% | 1.02% | 29.48% | 26.33% | |
71 Outperform | ¥31.49B | 9.34 | ― | 2.61% | ― | ― | |
61 Neutral | ¥29.48B | 10.78 | 14.68% | 2.14% | 10.88% | -58.64% | |
60 Neutral | ¥10.72B | 38.07 | ― | 5.06% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ¥1.97B | -8.53 | ― | ― | -6.56% | -522.16% | |
40 Underperform | ¥1.63B | -9.45 | ― | 1.01% | -3.95% | -510.14% |
* General Sector Average
JP:9628
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San Holdings, Inc. (Japan) Corporate Events
San Holdings Nears Limit of Share Buyback Authorization with June Treasury Purchases
Jul 2, 2026
San Holdings, Inc. has reported progress on its ongoing share buyback program authorized by its board in mid-May 2026, which allows for repurchases of up to 400,000 shares or 500 million yen through the end of October. The company is using treasur...
San Holdings Begins Share Buyback Under 500 Million Yen Authorization
Jun 3, 2026
San Holdings, Inc., a Prime Market-listed Japanese services company, is continuing to use share repurchases as part of its capital policy to optimize its equity structure and return value to shareholders. The company has board authorization to buy...
San Holdings Navigates 17-Month Transition Year With Solid Earnings and Expanded Group Structure
May 15, 2026
San Holdings reported consolidated operating revenue of ¥37.87 billion and profit attributable to owners of parent of ¥4.50 billion for the 12 months ended March 31, 2026, during an irregular 17‑month transition fiscal year. Net as...
San Holdings Launches ¥500 Million Share Buyback to Boost Capital Efficiency
May 15, 2026
San Holdings, Inc. has approved a new share repurchase program targeting up to 400,000 of its common shares, equivalent to about 1.67% of outstanding shares excluding treasury stock. The buyback, with a maximum total purchase amount of 500 million...
San Holdings Books Large Negative Goodwill Gain and Revises FY2026 Earnings Forecast
May 15, 2026
San Holdings, Inc. has booked an extraordinary income of 2.81 billion yen as a gain on negative goodwill arising from making Cocolonet Co., Ltd. a consolidated subsidiary via share exchange effective February 1, 2026. This one-off gain reflects th...
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.