View ValuationSAN Holdings 향후 성장Future 기준 점검 0/6SAN Holdings 의 수익과 수익은 각각 연간 0.8% 및 6.1% 감소할 것으로 예상됩니다. EPS는 연간 5% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.8% 로 예상됩니다.핵심 정보-6.1%이익 성장률-5.03%EPS 성장률Consumer Services 이익 성장10.7%매출 성장률-0.8%향후 자기자본이익률7.75%애널리스트 커버리지Low마지막 업데이트14 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • May 16Full year 2026 earnings released: EPS: JP¥213 (vs JP¥231 in FY 2025)Full year 2026 results: EPS: JP¥213 (down from JP¥231 in FY 2025). Revenue: JP¥37.9b (up 18% from FY 2025). Net income: JP¥4.50b (down 4.7% from FY 2025). Profit margin: 12% (down from 15% in FY 2025). Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공고 • May 15SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 400,000 shares, representing 1.67% for ¥500 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.67% of its issued share capital (excluding treasury stock) for ¥500 million. The purpose of the buyback is to enhance shareholder returns and improve capital efficiency, as well as to implement a flexible capital policy in response to changes in the business environment. The program is valid till October 31, 2026 . As of April 30, 2026, the company had 24,002,348 shares outstanding and 197,652 treasury shares.New Risk • Apr 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Large one-off items impacting financial results.새로운 내러티브 • Apr 14Forging ahead with an ambitious growth planQ3 FY8/26 results update Executing on growth; near-term profitability reflects investment cycle - Q1-3 FY8/26 revenue growth is strong, driven by the first full-year contribution from KIZUNA Holdings, though operating margins are impacted by goodwill amortization, new hall opening costs, and recruitment expenses. The acquisition of Cocolonet demonstrates that M&A remains central to SAN Holdings' growth strategy.Buy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 7.2% to JP¥1,480. The fair value is estimated to be JP¥1,866, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%.공고 • Feb 15San Holdings, Inc. Provides Dividend Guidance for Year End of Fiscal Year Ending August 31, 2026, Scheduled Payment of November 2026SAN Holdings, Inc. provided dividend guidance for year end of Fiscal Year Ending August 31, 2026. For year end, the company expects dividend to be JPY 28.5 per share. Scheduled payment of November 2026. Record date of August 31, 2026.Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥24.14 (vs JP¥25.82 in 3Q 2025)Third quarter 2026 results: EPS: JP¥24.14 (down from JP¥25.82 in 3Q 2025). Revenue: JP¥9.57b (flat on 3Q 2025). Net income: JP¥498.0m (down 5.7% from 3Q 2025). Profit margin: 5.2% (down from 5.5% in 3Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공고 • Feb 14San Holdings, Inc. Announces Dividend for the Third Quarter End of Fiscal Year Ending August 31, 2026, Payable on March 5, 2026SAN Holdings, Inc. announced dividend for the third quarter end of Fiscal year ending August 31, 2026 of JPY 28.5 per share. Scheduled date of payment of dividend is March 5, 2026. Following the change in fiscal year-end, the dividend forecast covers the 17-month period from April 1, 2025 to August 31, 2026.New Risk • Feb 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (190% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding).분석 기사 • Nov 21SAN Holdings' (TSE:9628) Earnings Are Weaker Than They SeemLast week's profit announcement from SAN Holdings, Inc. ( TSE:9628 ) was underwhelming for investors, despite headline...New Risk • Nov 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 164% Dividend yield: 4.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (164% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Nov 18Second quarter 2026 earnings released: EPS: JP¥14.99 (vs JP¥19.18 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.99 (down from JP¥19.18 in 2Q 2025). Revenue: JP¥9.08b (up 60% from 2Q 2025). Net income: JP¥308.0m (down 21% from 2Q 2025). Profit margin: 3.4% (down from 6.9% in 2Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.공고 • Oct 24SAN Holdings, Inc. (TSE:9628) executed share exchange agreement to acquire Cocolonet CO., LTD. (TSE:6060) for ¥4.7 billion.SAN Holdings, Inc. (TSE:9628) executed share exchange agreement to acquire Cocolonet CO., LTD. (TSE:6060) for ¥4.7 billion on October 23, 2025. The consideration consists of common equity of SAN Holdings, Inc. at a ratio of 0.9 per common equity of Cocolonet CO., LTD. As part of acquisition, 3,485,155 shares will be acquired. The transaction is subject to approval of offer by Cocolonet shareholders. Cocolonet shareholding meeting will be held on November 7, 2025. Cocolonet last trading date is January 28, 2026 and will be delisted on January 29, 2026. The expected completion of the transaction is February 1, 2026.Reported Earnings • Aug 15First quarter 2026 earnings released: EPS: JP¥28.44 (vs JP¥27.00 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.44 (up from JP¥27.00 in 1Q 2025). Revenue: JP¥9.15b (up 66% from 1Q 2025). Net income: JP¥582.0m (up 5.6% from 1Q 2025). Profit margin: 6.4% (down from 10.0% in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year.공고 • Jul 13SAN Holdings, Inc. to Report Q3, 2026 Results on Feb 13, 2026SAN Holdings, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results.분석 기사 • May 15SAN Holdings' (TSE:9628) Earnings Are Weaker Than They SeemUnsurprisingly, SAN Holdings, Inc.'s ( TSE:9628 ) stock price was strong on the back of its healthy earnings report...분석 기사 • May 12SAN Holdings, Inc. (TSE:9628) Surges 26% Yet Its Low P/E Is No Reason For ExcitementDespite an already strong run, SAN Holdings, Inc. ( TSE:9628 ) shares have been powering on, with a gain of 26% in the...New Risk • May 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 09Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: JP¥231 (up from JP¥114 in FY 2024). Revenue: JP¥32.0b (up 43% from FY 2024). Net income: JP¥4.72b (up 100% from FY 2024). Profit margin: 15% (up from 11% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.공고 • May 08SAN Holdings, Inc., Annual General Meeting, Jun 25, 2025SAN Holdings, Inc., Annual General Meeting, Jun 25, 2025.New Risk • Apr 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Upcoming Dividend • Mar 21Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).공고 • Feb 28+ 2 more updatesSAN Holdings, Inc. to Report Fiscal Year 2025 Results on May 08, 2025SAN Holdings, Inc. announced that they will report fiscal year 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,236, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 59% over the past three years.Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥25.82 (vs JP¥27.32 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.82 (down from JP¥27.32 in 3Q 2024). Revenue: JP¥9.58b (up 68% from 3Q 2024). Net income: JP¥528.0m (down 6.5% from 3Q 2024). Profit margin: 5.5% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.New Risk • Jan 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).분석 기사 • Dec 27SAN Holdings' (TSE:9628) Dividend Will Be ¥12.00SAN Holdings, Inc.'s ( TSE:9628 ) investors are due to receive a payment of ¥12.00 per share on 26th of June. This...New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.분석 기사 • Dec 13SAN Holdings (TSE:9628) Is Paying Out A Dividend Of ¥12.00The board of SAN Holdings, Inc. ( TSE:9628 ) has announced that it will pay a dividend on the 26th of June, with...공고 • Dec 13SAN Holdings, Inc. Provides Dividend Guidance for the Fiscal Year Ending Mar. 31, 2025SAN Holdings, Inc. provided dividend guidance for the fiscal year ending Mar. 31, 2025. For the year, the company expects dividend of JPY 12.00 compared to JPY 12.00 per share a year ago.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,236, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 74% over the past three years.Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥19.18 (vs JP¥28.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥19.18 (down from JP¥28.40 in 2Q 2024). Revenue: JP¥5.67b (up 6.4% from 2Q 2024). Net income: JP¥392.0m (down 33% from 2Q 2024). Profit margin: 6.9% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 20Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%).New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.공고 • Aug 29SAN Holdings, Inc. (TSE:9628) completed the acquisition of 92.49% stake in KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥13.8 billion.SAN Holdings, Inc. (TSE:9628) signed a letter of intent to acquire KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥14.9 billion on March 5, 2024. The Board of Directors of KIZUNA HOLDINGS Corp. formed a special committee for the transaction. The transaction is approved by KIZUNA HOLDINGS Corp.'s board of director's. The expected completion of the transaction is August 27, 2024. City-Yuwa Partners acted as legal advisor for SAN Holdings, Inc. SMBC Nikko Securities Inc. acted as financial advisor for SAN Holdings, Inc. Nomura Securities Co., Ltd. acted as financial advisor for special committee of KIZUNA HOLDINGS Corp. Anderson Mori & Tomotsune LPC acted as legal advisor for special committee of KIZUNA HOLDINGS Corp. es Networks Co., Ltd, Accounting & Auditing Arm acted as accountant for SAN Holdings, Inc. SAN Holdings, Inc. (TSE:9628) completed the acquisition of 92.49% stake in KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥13.8 billion on August 27, 2024. SAN Holdings acquired 6,536,898 shares in the offer period.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,060, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 62% over the past three years.New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 18Now 20% undervaluedOver the last 90 days, the stock has risen 25% to JP¥1,321. The fair value is estimated to be JP¥1,655, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 15%.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,360, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 17x in the Consumer Services industry in Japan. Total returns to shareholders of 132% over the past three years.공고 • May 15SAN Holdings, Inc., Annual General Meeting, Jun 25, 2024SAN Holdings, Inc., Annual General Meeting, Jun 25, 2024.Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥114 (vs JP¥132 in FY 2023)Full year 2024 results: EPS: JP¥114 (down from JP¥132 in FY 2023). Revenue: JP¥22.4b (up 3.6% from FY 2023). Net income: JP¥2.36b (down 15% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 21Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%).공고 • Mar 02+ 3 more updatesSAN Holdings, Inc. to Report Q1, 2025 Results on Aug 08, 2024SAN Holdings, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥27.32 (vs JP¥34.10 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.32 (down from JP¥34.10 in 3Q 2023). Revenue: JP¥5.71b (up 1.5% from 3Q 2023). Net income: JP¥565.0m (down 21% from 3Q 2023). Profit margin: 9.9% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year.공고 • Nov 10SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 350,000 shares, representing 1.69% for ¥350 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.69% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the program is to enhance the return of profits to shareholders and improve capital efficiency, while also responding to changes in the business environment to carry out flexible capital policy. The repurchase program is valid till April 30, 2024. As of October 31, 2023, the company had 20,722,412 shares outstanding excluding treasury shares and had 2,677,288 shares in treasury.Reported Earnings • Nov 10Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥5.33b (up 1.9% from 2Q 2023). Net income: JP¥588.0m (down 15% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥23.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.6%).Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥47.78 (vs JP¥49.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥47.78 (down from JP¥49.39 in 1Q 2023). Revenue: JP¥5.08b (up 4.6% from 1Q 2023). Net income: JP¥497.0m (down 5.5% from 1Q 2023). Profit margin: 9.8% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥264 (vs JP¥188 in FY 2022)Full year 2023 results: EPS: JP¥264 (up from JP¥188 in FY 2022). Revenue: JP¥21.7b (up 8.3% from FY 2022). Net income: JP¥2.78b (up 36% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.공고 • May 13SAN Holdings, Inc., Annual General Meeting, Jun 27, 2023SAN Holdings, Inc., Annual General Meeting, Jun 27, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.5%).Reported Earnings • Feb 16Third quarter 2023 earnings released: EPS: JP¥68.20 (vs JP¥57.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥68.20 (up from JP¥57.49 in 3Q 2022). Revenue: JP¥5.63b (up 9.0% from 3Q 2022). Net income: JP¥716.0m (up 15% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.공고 • Feb 14SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 195,000 shares, representing 1.86% for ¥350 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 195,000 shares, representing 1.86% of its issued share capital for ¥350 million. The purpose of the program is to enhance the return of profits to shareholders, improve capital efficiency, and implement agile capital policies that respond to changes in the business environment. The program is valid till July 31, 2023. As of January 31, 2023, the company had 10,496,878 shares issued (excluding treasury stock) and 1,667,138 shares in treasury.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Kaoru Yokomise was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥65.55 (vs JP¥39.21 in 2Q 2022)Second quarter 2023 results: EPS: JP¥65.55 (up from JP¥39.21 in 2Q 2022). Revenue: JP¥5.23b (up 14% from 2Q 2022). Net income: JP¥692.0m (up 62% from 2Q 2022). Profit margin: 13% (up from 9.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Sep 22Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.5%).Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥49.39 (vs JP¥55.27 in 1Q 2022)First quarter 2023 results: EPS: JP¥49.39 (down from JP¥55.27 in 1Q 2022). Revenue: JP¥4.86b (down 1.2% from 1Q 2022). Net income: JP¥526.0m (down 14% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jun 29+ 2 more updatesSAN Holdings, Inc. to Report Q3, 2023 Results on Feb 13, 2023SAN Holdings, Inc. announced that they will report Q3, 2023 results on Feb 13, 2023Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,766, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 14x in the Consumer Services industry in Japan. Total returns to shareholders of 67% over the past three years.Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥188 (vs JP¥141 in FY 2021)Full year 2022 results: EPS: JP¥188 (up from JP¥141 in FY 2021). Revenue: JP¥20.0b (up 6.0% from FY 2021). Net income: JP¥2.04b (up 31% from FY 2021). Profit margin: 10% (up from 8.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공고 • May 14SAN Holdings, Inc., Annual General Meeting, Jun 24, 2022SAN Holdings, Inc., Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Exe. for Ac. Div. (Fin. Pl), Per. Div. (Pers. Pl.) & Corp. Plan. Div., GM of Corp Pl. Div. and Dir Yoshiyuki Yokota was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Apr 08SAN Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022SAN Holdings, Inc. announced that they will report fiscal year 2022 results on May 12, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.2%).Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥57.49 (up from JP¥56.63 in 3Q 2021). Revenue: JP¥5.16b (down 3.5% from 3Q 2021). Net income: JP¥623.0m (flat on 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥39.21 (vs JP¥28.57 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.60b (up 1.0% from 2Q 2021). Net income: JP¥428.0m (up 35% from 2Q 2021). Profit margin: 9.3% (up from 6.9% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%).Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥55.27 (vs JP¥14.66 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.92b (up 21% from 1Q 2021). Net income: JP¥610.0m (up 277% from 1Q 2021). Profit margin: 12% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥141 (vs JP¥166 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥18.9b (down 11% from FY 2020). Net income: JP¥1.56b (down 16% from FY 2020). Profit margin: 8.3% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.공고 • May 14SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 250,000 shares, representing 2.26% for ¥300 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to enhance the return of profits to shareholders, improve capital efficiency, and implement agile capital policies in response to changes in the business environment. The program will continue through October 29, 2021. As of April 30, 2021, the company had 11,072,999 issued shares (excluding treasury stock) and 1,091,017 treasury shares.Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%).공고 • Mar 04SAN Holdings, Inc. to Report Fiscal Year 2021 Results on May 13, 2021SAN Holdings, Inc. announced that they will report fiscal year 2021 results on May 13, 2021Is New 90 Day High Low • Feb 19New 90-day low: JP¥1,116The company is down 6.0% from its price of JP¥1,190 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period.Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥56.63 (vs JP¥57.21 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥5.35b (down 6.8% from 3Q 2020). Net income: JP¥627.0m (down 2.3% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.Is New 90 Day High Low • Jan 20New 90-day low: JP¥1,146The company is down 4.0% from its price of JP¥1,190 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 11% over the same period.이익 및 매출 성장 예측TSE:9628 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수8/31/202845,5103,6803,670N/A18/31/202743,8103,5702,350N/A18/31/202659,2103,5303,740N/A13/31/202637,8654,500N/AN/AN/A12/31/202539,0164,637N/AN/AN/A9/30/202539,0314,6687114,390N/A6/30/202535,6204,752N/AN/AN/A3/31/202531,9844,7213,0495,476N/A12/31/202427,0882,184N/AN/AN/A9/30/202423,2162,2212,2953,639N/A6/30/202422,8742,417N/AN/AN/A3/31/202422,4372,3631,9763,170N/A12/31/202322,0732,499N/AN/AN/A9/30/202321,9872,6502,2243,098N/A6/30/202321,8882,754N/AN/AN/A3/31/202321,6632,7832,2623,262N/A12/31/202221,0372,313N/AN/AN/A9/30/202220,5722,2201,6812,811N/A6/30/202219,9401,956N/AN/AN/A3/31/202220,0012,0401,4932,991N/A12/31/202119,5862,118N/AN/AN/A9/30/202119,7732,1222,0713,317N/A6/30/202119,7272,010N/AN/AN/A3/31/202118,8651,5621,1232,093N/A12/31/202019,1181,340N/AN/AN/A9/30/202019,5101,3551,3892,398N/A6/30/202020,3521,642N/AN/AN/A3/31/202021,2811,8562,4453,267N/A12/31/201921,5782,181N/AN/AN/A9/30/201921,1182,049N/A2,999N/A6/30/201920,8142,031N/AN/AN/A3/31/201920,7662,112N/A2,695N/A12/31/201820,9152,053N/AN/AN/A9/30/201820,6961,977N/A2,843N/A6/30/201820,3201,673N/AN/AN/A3/31/201820,0701,573N/A3,551N/A12/31/201719,5441,592N/AN/AN/A9/30/201719,4261,657N/A3,136N/A6/30/201718,9831,482N/AN/AN/A3/31/201718,6771,345N/A2,242N/A12/31/201618,4281,063N/AN/AN/A9/30/201618,262259N/A2,179N/A6/30/201618,590450N/AN/AN/A3/31/201618,509368N/A2,002N/A12/31/201518,781383N/AN/AN/A9/30/201518,407910N/A1,933N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 9628 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -6.1%).수익 vs 시장: 9628 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -6.1%).고성장 수익: 9628 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 9628 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.8%).고성장 매출: 9628 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -0.8%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: 9628의 자본 수익률은 3년 후 7.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/19 05:04종가2026/07/17 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스SAN Holdings, Inc.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullAstris Advisory Japan, K.K.
New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • May 16Full year 2026 earnings released: EPS: JP¥213 (vs JP¥231 in FY 2025)Full year 2026 results: EPS: JP¥213 (down from JP¥231 in FY 2025). Revenue: JP¥37.9b (up 18% from FY 2025). Net income: JP¥4.50b (down 4.7% from FY 2025). Profit margin: 12% (down from 15% in FY 2025). Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공고 • May 15SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 400,000 shares, representing 1.67% for ¥500 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.67% of its issued share capital (excluding treasury stock) for ¥500 million. The purpose of the buyback is to enhance shareholder returns and improve capital efficiency, as well as to implement a flexible capital policy in response to changes in the business environment. The program is valid till October 31, 2026 . As of April 30, 2026, the company had 24,002,348 shares outstanding and 197,652 treasury shares.
New Risk • Apr 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Large one-off items impacting financial results.
새로운 내러티브 • Apr 14Forging ahead with an ambitious growth planQ3 FY8/26 results update Executing on growth; near-term profitability reflects investment cycle - Q1-3 FY8/26 revenue growth is strong, driven by the first full-year contribution from KIZUNA Holdings, though operating margins are impacted by goodwill amortization, new hall opening costs, and recruitment expenses. The acquisition of Cocolonet demonstrates that M&A remains central to SAN Holdings' growth strategy.
Buy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 7.2% to JP¥1,480. The fair value is estimated to be JP¥1,866, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%.
공고 • Feb 15San Holdings, Inc. Provides Dividend Guidance for Year End of Fiscal Year Ending August 31, 2026, Scheduled Payment of November 2026SAN Holdings, Inc. provided dividend guidance for year end of Fiscal Year Ending August 31, 2026. For year end, the company expects dividend to be JPY 28.5 per share. Scheduled payment of November 2026. Record date of August 31, 2026.
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥24.14 (vs JP¥25.82 in 3Q 2025)Third quarter 2026 results: EPS: JP¥24.14 (down from JP¥25.82 in 3Q 2025). Revenue: JP¥9.57b (flat on 3Q 2025). Net income: JP¥498.0m (down 5.7% from 3Q 2025). Profit margin: 5.2% (down from 5.5% in 3Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공고 • Feb 14San Holdings, Inc. Announces Dividend for the Third Quarter End of Fiscal Year Ending August 31, 2026, Payable on March 5, 2026SAN Holdings, Inc. announced dividend for the third quarter end of Fiscal year ending August 31, 2026 of JPY 28.5 per share. Scheduled date of payment of dividend is March 5, 2026. Following the change in fiscal year-end, the dividend forecast covers the 17-month period from April 1, 2025 to August 31, 2026.
New Risk • Feb 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (190% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding).
분석 기사 • Nov 21SAN Holdings' (TSE:9628) Earnings Are Weaker Than They SeemLast week's profit announcement from SAN Holdings, Inc. ( TSE:9628 ) was underwhelming for investors, despite headline...
New Risk • Nov 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 164% Dividend yield: 4.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (164% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Nov 18Second quarter 2026 earnings released: EPS: JP¥14.99 (vs JP¥19.18 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.99 (down from JP¥19.18 in 2Q 2025). Revenue: JP¥9.08b (up 60% from 2Q 2025). Net income: JP¥308.0m (down 21% from 2Q 2025). Profit margin: 3.4% (down from 6.9% in 2Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
공고 • Oct 24SAN Holdings, Inc. (TSE:9628) executed share exchange agreement to acquire Cocolonet CO., LTD. (TSE:6060) for ¥4.7 billion.SAN Holdings, Inc. (TSE:9628) executed share exchange agreement to acquire Cocolonet CO., LTD. (TSE:6060) for ¥4.7 billion on October 23, 2025. The consideration consists of common equity of SAN Holdings, Inc. at a ratio of 0.9 per common equity of Cocolonet CO., LTD. As part of acquisition, 3,485,155 shares will be acquired. The transaction is subject to approval of offer by Cocolonet shareholders. Cocolonet shareholding meeting will be held on November 7, 2025. Cocolonet last trading date is January 28, 2026 and will be delisted on January 29, 2026. The expected completion of the transaction is February 1, 2026.
Reported Earnings • Aug 15First quarter 2026 earnings released: EPS: JP¥28.44 (vs JP¥27.00 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.44 (up from JP¥27.00 in 1Q 2025). Revenue: JP¥9.15b (up 66% from 1Q 2025). Net income: JP¥582.0m (up 5.6% from 1Q 2025). Profit margin: 6.4% (down from 10.0% in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year.
공고 • Jul 13SAN Holdings, Inc. to Report Q3, 2026 Results on Feb 13, 2026SAN Holdings, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results.
분석 기사 • May 15SAN Holdings' (TSE:9628) Earnings Are Weaker Than They SeemUnsurprisingly, SAN Holdings, Inc.'s ( TSE:9628 ) stock price was strong on the back of its healthy earnings report...
분석 기사 • May 12SAN Holdings, Inc. (TSE:9628) Surges 26% Yet Its Low P/E Is No Reason For ExcitementDespite an already strong run, SAN Holdings, Inc. ( TSE:9628 ) shares have been powering on, with a gain of 26% in the...
New Risk • May 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 09Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: JP¥231 (up from JP¥114 in FY 2024). Revenue: JP¥32.0b (up 43% from FY 2024). Net income: JP¥4.72b (up 100% from FY 2024). Profit margin: 15% (up from 11% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.
공고 • May 08SAN Holdings, Inc., Annual General Meeting, Jun 25, 2025SAN Holdings, Inc., Annual General Meeting, Jun 25, 2025.
New Risk • Apr 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).
공고 • Feb 28+ 2 more updatesSAN Holdings, Inc. to Report Fiscal Year 2025 Results on May 08, 2025SAN Holdings, Inc. announced that they will report fiscal year 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,236, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 59% over the past three years.
Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥25.82 (vs JP¥27.32 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.82 (down from JP¥27.32 in 3Q 2024). Revenue: JP¥9.58b (up 68% from 3Q 2024). Net income: JP¥528.0m (down 6.5% from 3Q 2024). Profit margin: 5.5% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
New Risk • Jan 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
분석 기사 • Dec 27SAN Holdings' (TSE:9628) Dividend Will Be ¥12.00SAN Holdings, Inc.'s ( TSE:9628 ) investors are due to receive a payment of ¥12.00 per share on 26th of June. This...
New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
분석 기사 • Dec 13SAN Holdings (TSE:9628) Is Paying Out A Dividend Of ¥12.00The board of SAN Holdings, Inc. ( TSE:9628 ) has announced that it will pay a dividend on the 26th of June, with...
공고 • Dec 13SAN Holdings, Inc. Provides Dividend Guidance for the Fiscal Year Ending Mar. 31, 2025SAN Holdings, Inc. provided dividend guidance for the fiscal year ending Mar. 31, 2025. For the year, the company expects dividend of JPY 12.00 compared to JPY 12.00 per share a year ago.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,236, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥19.18 (vs JP¥28.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥19.18 (down from JP¥28.40 in 2Q 2024). Revenue: JP¥5.67b (up 6.4% from 2Q 2024). Net income: JP¥392.0m (down 33% from 2Q 2024). Profit margin: 6.9% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%).
New Risk • Sep 17New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
공고 • Aug 29SAN Holdings, Inc. (TSE:9628) completed the acquisition of 92.49% stake in KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥13.8 billion.SAN Holdings, Inc. (TSE:9628) signed a letter of intent to acquire KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥14.9 billion on March 5, 2024. The Board of Directors of KIZUNA HOLDINGS Corp. formed a special committee for the transaction. The transaction is approved by KIZUNA HOLDINGS Corp.'s board of director's. The expected completion of the transaction is August 27, 2024. City-Yuwa Partners acted as legal advisor for SAN Holdings, Inc. SMBC Nikko Securities Inc. acted as financial advisor for SAN Holdings, Inc. Nomura Securities Co., Ltd. acted as financial advisor for special committee of KIZUNA HOLDINGS Corp. Anderson Mori & Tomotsune LPC acted as legal advisor for special committee of KIZUNA HOLDINGS Corp. es Networks Co., Ltd, Accounting & Auditing Arm acted as accountant for SAN Holdings, Inc. SAN Holdings, Inc. (TSE:9628) completed the acquisition of 92.49% stake in KIZUNA HOLDINGS Corp. (TSE:7086) from Advantage Partners V, Advantage Partners Investment Partnership No. 64, AP Cayman Partners III, L.P. managed by Advantage Partners, Inc,AP3 Co., Ltd. and others for ¥13.8 billion on August 27, 2024. SAN Holdings acquired 6,536,898 shares in the offer period.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,060, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 62% over the past three years.
New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 18Now 20% undervaluedOver the last 90 days, the stock has risen 25% to JP¥1,321. The fair value is estimated to be JP¥1,655, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 15%.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,360, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 17x in the Consumer Services industry in Japan. Total returns to shareholders of 132% over the past three years.
공고 • May 15SAN Holdings, Inc., Annual General Meeting, Jun 25, 2024SAN Holdings, Inc., Annual General Meeting, Jun 25, 2024.
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥114 (vs JP¥132 in FY 2023)Full year 2024 results: EPS: JP¥114 (down from JP¥132 in FY 2023). Revenue: JP¥22.4b (up 3.6% from FY 2023). Net income: JP¥2.36b (down 15% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%).
공고 • Mar 02+ 3 more updatesSAN Holdings, Inc. to Report Q1, 2025 Results on Aug 08, 2024SAN Holdings, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥27.32 (vs JP¥34.10 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.32 (down from JP¥34.10 in 3Q 2023). Revenue: JP¥5.71b (up 1.5% from 3Q 2023). Net income: JP¥565.0m (down 21% from 3Q 2023). Profit margin: 9.9% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year.
공고 • Nov 10SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 350,000 shares, representing 1.69% for ¥350 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.69% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the program is to enhance the return of profits to shareholders and improve capital efficiency, while also responding to changes in the business environment to carry out flexible capital policy. The repurchase program is valid till April 30, 2024. As of October 31, 2023, the company had 20,722,412 shares outstanding excluding treasury shares and had 2,677,288 shares in treasury.
Reported Earnings • Nov 10Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥5.33b (up 1.9% from 2Q 2023). Net income: JP¥588.0m (down 15% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥23.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.6%).
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥47.78 (vs JP¥49.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥47.78 (down from JP¥49.39 in 1Q 2023). Revenue: JP¥5.08b (up 4.6% from 1Q 2023). Net income: JP¥497.0m (down 5.5% from 1Q 2023). Profit margin: 9.8% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.
Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥264 (vs JP¥188 in FY 2022)Full year 2023 results: EPS: JP¥264 (up from JP¥188 in FY 2022). Revenue: JP¥21.7b (up 8.3% from FY 2022). Net income: JP¥2.78b (up 36% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
공고 • May 13SAN Holdings, Inc., Annual General Meeting, Jun 27, 2023SAN Holdings, Inc., Annual General Meeting, Jun 27, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.5%).
Reported Earnings • Feb 16Third quarter 2023 earnings released: EPS: JP¥68.20 (vs JP¥57.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥68.20 (up from JP¥57.49 in 3Q 2022). Revenue: JP¥5.63b (up 9.0% from 3Q 2022). Net income: JP¥716.0m (up 15% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.
공고 • Feb 14SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 195,000 shares, representing 1.86% for ¥350 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 195,000 shares, representing 1.86% of its issued share capital for ¥350 million. The purpose of the program is to enhance the return of profits to shareholders, improve capital efficiency, and implement agile capital policies that respond to changes in the business environment. The program is valid till July 31, 2023. As of January 31, 2023, the company had 10,496,878 shares issued (excluding treasury stock) and 1,667,138 shares in treasury.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Kaoru Yokomise was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥65.55 (vs JP¥39.21 in 2Q 2022)Second quarter 2023 results: EPS: JP¥65.55 (up from JP¥39.21 in 2Q 2022). Revenue: JP¥5.23b (up 14% from 2Q 2022). Net income: JP¥692.0m (up 62% from 2Q 2022). Profit margin: 13% (up from 9.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.5%).
Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥49.39 (vs JP¥55.27 in 1Q 2022)First quarter 2023 results: EPS: JP¥49.39 (down from JP¥55.27 in 1Q 2022). Revenue: JP¥4.86b (down 1.2% from 1Q 2022). Net income: JP¥526.0m (down 14% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jun 29+ 2 more updatesSAN Holdings, Inc. to Report Q3, 2023 Results on Feb 13, 2023SAN Holdings, Inc. announced that they will report Q3, 2023 results on Feb 13, 2023
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,766, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 14x in the Consumer Services industry in Japan. Total returns to shareholders of 67% over the past three years.
Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥188 (vs JP¥141 in FY 2021)Full year 2022 results: EPS: JP¥188 (up from JP¥141 in FY 2021). Revenue: JP¥20.0b (up 6.0% from FY 2021). Net income: JP¥2.04b (up 31% from FY 2021). Profit margin: 10% (up from 8.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공고 • May 14SAN Holdings, Inc., Annual General Meeting, Jun 24, 2022SAN Holdings, Inc., Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Exe. for Ac. Div. (Fin. Pl), Per. Div. (Pers. Pl.) & Corp. Plan. Div., GM of Corp Pl. Div. and Dir Yoshiyuki Yokota was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Apr 08SAN Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022SAN Holdings, Inc. announced that they will report fiscal year 2022 results on May 12, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.2%).
Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥57.49 (up from JP¥56.63 in 3Q 2021). Revenue: JP¥5.16b (down 3.5% from 3Q 2021). Net income: JP¥623.0m (flat on 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥39.21 (vs JP¥28.57 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.60b (up 1.0% from 2Q 2021). Net income: JP¥428.0m (up 35% from 2Q 2021). Profit margin: 9.3% (up from 6.9% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%).
Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥55.27 (vs JP¥14.66 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.92b (up 21% from 1Q 2021). Net income: JP¥610.0m (up 277% from 1Q 2021). Profit margin: 12% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥141 (vs JP¥166 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥18.9b (down 11% from FY 2020). Net income: JP¥1.56b (down 16% from FY 2020). Profit margin: 8.3% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
공고 • May 14SAN Holdings, Inc. (TSE:9628) announces an Equity Buyback for 250,000 shares, representing 2.26% for ¥300 million.SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to enhance the return of profits to shareholders, improve capital efficiency, and implement agile capital policies in response to changes in the business environment. The program will continue through October 29, 2021. As of April 30, 2021, the company had 11,072,999 issued shares (excluding treasury stock) and 1,091,017 treasury shares.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%).
공고 • Mar 04SAN Holdings, Inc. to Report Fiscal Year 2021 Results on May 13, 2021SAN Holdings, Inc. announced that they will report fiscal year 2021 results on May 13, 2021
Is New 90 Day High Low • Feb 19New 90-day low: JP¥1,116The company is down 6.0% from its price of JP¥1,190 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period.
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥56.63 (vs JP¥57.21 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥5.35b (down 6.8% from 3Q 2020). Net income: JP¥627.0m (down 2.3% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
Is New 90 Day High Low • Jan 20New 90-day low: JP¥1,146The company is down 4.0% from its price of JP¥1,190 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 11% over the same period.
