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Sagami Holdings Corp. (9900) AI Stock Analysis

JP:9900

Sagami Holdings Corp.

(TSE/TYO:9900)

Select Model
Rating:72.6Outperform
Price Target:JPY 1,390.00â–²(11.29% Upside)
Action:reiterated
Date:08/28/26

The company's financial health is a major strength, driven by robust revenue growth, high margins, and a nearly debt-free balance sheet. Technicals support a positive trend, though momentum is cooling. The primary risk is the extremely high valuation, with a P/E over 44, which significantly weighs on the overall score.

Positive Factors
Revenue recovery and growthThe substantial multi-year revenue increase and return to consistent profitability indicate improved operating scale and customer demand. Continued expansion gives Sagami greater capacity to absorb fixed restaurant costs, reinvest in its brands, and build earnings power over the next several quarters.
Negative Factors
Weak cash conversionPositive earnings are not converting fully into cash, which reduces the quality and flexibility of reported profits. Weak conversion and modest free cash flow can constrain internally funded expansion, dividends, or debt reduction, particularly if working-capital movements or investment needs remain elevated.

Sagami Holdings Corp. (9900) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%40%50%JP:9900+46.71%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 75.65B
Dividend Yield
0.48%
Average Volume (3M)
257.67K
Price to Earnings (P/E)
32.4
Beta (1Y)
0.35
Revenue Growth
9.56%
EPS Growth
1.49%
Country
Japan
Employees
555
Sector
General
Sector Strength
55
Industry
Restaurants

Sagami Holdings Corp. Business Overview & Revenue Model

Company Description

Established in 1970 and headquartered in Nagoya, Japan, Sagami Holdings Corporation is a prominent hospitality group that operates a diverse portfolio of Japanese cuisine and noodle restaurants both domestically and in international markets. The comp...

How the Company Makes Money

Sagami Holdings primarily makes money by selling food and beverages to customers through its restaurant operations. Its core revenue stream is in-store dining sales, where the company captures value through menu pricing across meals, beverages, and r...

Sagami Holdings Corp. Financial Statement Overview

Summary

Strong revenue growth and improved margins, combined with an exceptionally healthy balance sheet featuring minimal debt. Cash flow is positive, though free cash flow conversion is modest due to capital expenditures.

Income Statement

82Very Positive

Balance Sheet

92Very Positive

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue39.78B39.36B35.03B31.01B26.42B21.34B
Gross Profit27.25B26.94B23.84B20.94B17.93B14.59B
EBITDA3.28B3.32B2.45B1.80B1.50B2.05B
Net Income1.50B1.62B1.36B909.59M886.15M1.19B
Balance Sheet
Total Assets25.69B27.12B25.30B24.94B24.16B24.16B
Cash, Cash Equivalents and Short-Term Investments3.83B5.73B6.34B8.01B10.73B11.57B
Total Debt447.18M603.12M1.92B2.74B3.87B4.88B
Total Liabilities5.92B7.46B7.47B8.13B8.22B9.11B
Stockholders Equity19.77B19.66B17.82B16.82B15.94B15.06B
Cash Flow
Free Cash Flow0454.87M-515.88M582.09M372.09M2.37B
Operating Cash Flow03.72B2.22B2.46B1.73B3.01B
Investing Cash Flow0-3.36B-2.67B-3.83B-1.41B-708.77M
Financing Cash Flow0-1.61B-1.23B-1.35B-1.17B1.35B

Sagami Holdings Corp. Technical Analysis

Technical Analysis SentimentPositive
Last Price1249.00

Price Trends

50DMA1112.53Positive
100DMA1014.62Positive
200DMA959.90Positive

Market Momentum

MACD34.28Negative
RSI70.59Negative
STOCH92.17Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9900, the sentiment is Positive. The current price of 1249.00 is above the 20-day moving average (MA) of 1123.90, above the 50-day MA of 1112.53, and above the 200-day MA of 959.90, indicating a bullish trend. The MACD of 34.28 indicates Negative momentum. The RSI at 70.59 is Negative, neither overbought nor oversold. The STOCH value of 92.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9900.

Sagami Holdings Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9900 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7522JP:752282OutperformJPY 34.70B6.49―1.18%6.60%124.61%
JP:9900JP:990073OutperformJPY 74.34B32.42―0.48%9.56%1.49%
JP:2705JP:270571OutperformJPY 74.37B56.59―0.20%18.05%9.09%
JP:9828JP:982865NeutralJPY 61.19B15.21―2.34%28.58%-34.37%
JP:8200JP:820062NeutralJPY 62.03B33.00―0.58%2.31%63.43%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%20%40%60%80%JP:9900JP:2705JP:7522JP:8200JP:9828Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9900 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9900Sagami Holdings Corp.1249.00420.0050.66%
JP:2705OOTOYA Holdings Co., Ltd.10130.004488.3179.56%
JP:7522Watami Co., Ltd.846.00-49.69-5.55%
JP:8200Ringer Hut Co., Ltd.2399.00197.408.97%
JP:9828Genki Sushi Co., Ltd.2989.00102.623.56%

Sagami Holdings Corp. Corporate Events

Sagami Holdings Raises Earnings Forecasts on Firm Restaurant Traffic

Nov 2, 2026

Sagami Holdings operates restaurants focused on serving food with heartfelt hospitality, seeking to attract repeat customers and achieve sustainable growth. The group’s initiatives supported customer traffic despite higher raw-material and pers...

Sagami Holdings Reshapes Leadership After Director Resignation

Oct 30, 2026

Sagami Holdings Corporation announced that director Akira Sakakibara, who also serves as representative director and president of subsidiary Ajino-Mingei Food Service Co., Ltd., will resign from both roles effective October 31, 2026 for personal reas...

Sagami Holdings Posts Profit Decline Amid Modest Sales Growth and Plans Stock Split

Aug 12, 2026

Sagami Holdings reported consolidated net sales of ¥9.82 billion for the quarter ended June 30, 2026, up 4.5% year-on-year, but saw operating profit fall 13.3% to ¥685 million and profit attributable to owners of parent drop 20.5% to ¥...

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 28, 2026