View ValuationSBS Holdings 향후 성장Future 기준 점검 0/6SBS Holdings 의 수익은 연간 1.6% 감소할 것으로 예상되는 반면, 연간 수익은 4.9% 로 증가할 것으로 예상됩니다. EPS는 연간 1.6% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.5% 로 예상됩니다.핵심 정보-1.6%이익 성장률-1.60%EPS 성장률Logistics 이익 성장15.5%매출 성장률4.9%향후 자기자본이익률13.46%애널리스트 커버리지Low마지막 업데이트08 Jul 2026최근 향후 성장 업데이트공고 • Feb 14+ 3 more updatesSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Fiscal Year Ending December 31, 2026SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 30, 2026 and fiscal year ending December 31, 2026. For the six months period, the company expects net sales of JPY 280,000 million, operating profit of JPY 15,000 million, net income attributable to owners of parent of JPY 9,500 million and net income per share of JPY 239.19. For the year, the company expects net sales of JPY 560,000 million, operating profit of JPY 24,000 million, net income attributable to owners of parent of JPY 13,500 million and net income per share of JPY 339.90.Price Target Changed • Sep 04Price target increased by 20% to JP¥3,433Up from JP¥2,867, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,495. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥282 for next year compared to JP¥242 last year.Price Target Changed • Mar 15Price target increased by 8.9% to JP¥2,867Up from JP¥2,633, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,813. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥272 for next year compared to JP¥242 last year.Price Target Changed • Oct 01Price target decreased by 7.8% to JP¥2,675Down from JP¥2,900, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,770. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥258 for next year compared to JP¥253 last year.Price Target Changed • Mar 23Price target decreased by 12% to JP¥2,900Down from JP¥3,310, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥2,480. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥253 last year.Price Target Changed • Jan 23Price target decreased by 8.2% to JP¥3,360Down from JP¥3,660, the current price target is an average from 4 analysts. New target price is 33% above last closing price of JP¥2,519. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥278 for next year compared to JP¥295 last year.모든 업데이트 보기Recent updatesReported Earnings • May 20First quarter 2026 earnings released: EPS: JP¥209 (vs JP¥28.50 in 1Q 2025)First quarter 2026 results: EPS: JP¥209 (up from JP¥28.50 in 1Q 2025). Revenue: JP¥153.4b (up 36% from 1Q 2025). Net income: JP¥8.31b (up JP¥7.18b from 1Q 2025). Profit margin: 5.4% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.공고 • May 17SBS Holdings, Inc. to Report Q2, 2026 Results on Aug 07, 2026SBS Holdings, Inc. announced that they will report Q2, 2026 results on Aug 07, 2026Buy Or Sell Opportunity • Mar 31Now 23% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,230. The fair value is estimated to be JP¥5,484, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.공고 • Mar 31SBS Holdings, Inc. Announces Appointment and Assignment of Duties for Executive Officers, Effective March 30, 2026SBS Holdings, Inc. announced the appointment and assignment of duties for eleven executive officers as the current executive officers have expired at the end of the Ordinary General Meeting of Shareholders held on March 30, 2026. Masato Taiji has been appointed as Managing Executive Officer, responsible for Internal Audit, Sustainability, Human Resources, General Affairs and Quality & Safety Management. Yasuhito Tanaka has been appointed as Managing Executive Officer, responsible for Corporate Planning, Business Development and Legal Office. Katsuhisa Wakamatsu has been appointed as Executive Officer, responsible for Business Strategy, Representative Director and Executive Officer of SBS NEXTHIRD CO., LTD. Satoshi Akuzawa has been appointed as Executive Officer, responsible for IT Planning, Information Communication System 1-3, IT Infrastructure and LT Planning. Kimihiro Sato has been appointed as Executive Officer, Representative Director, Chairperson & CEO of SBS Toshiba Logistics Corporation. Yasushi Kanazawa has been appointed as Executive Officer, Representative Director, President & COO of SBS Toshiba Logistics Corporation. Mitsugu Kakushi has been appointed as Executive Officer, Representative Director, President & COO of SBS Flec Co. Ltd. Yasuhiko Ueda has been appointed as Executive Officer, Representative Director of SBS Asset Management Co. Ltd. Yoshihiro Miyoshi has been appointed as Executive Officer, President, Representative Director of Bridgestone Logistics Co. Ltd. Effective date: March 30, 2026.Reported Earnings • Mar 29Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥297 (up from JP¥242 in FY 2024). Revenue: JP¥490.3b (up 9.4% from FY 2024). Net income: JP¥11.8b (up 23% from FY 2024). Profit margin: 2.4% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Mar 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.5% to JP¥4,140. The fair value is estimated to be JP¥3,323, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period.Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥297 (up from JP¥242 in FY 2024). Revenue: JP¥490.3b (up 9.4% from FY 2024). Net income: JP¥11.8b (up 23% from FY 2024). Profit margin: 2.4% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공고 • Feb 14+ 3 more updatesSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Fiscal Year Ending December 31, 2026SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 30, 2026 and fiscal year ending December 31, 2026. For the six months period, the company expects net sales of JPY 280,000 million, operating profit of JPY 15,000 million, net income attributable to owners of parent of JPY 9,500 million and net income per share of JPY 239.19. For the year, the company expects net sales of JPY 560,000 million, operating profit of JPY 24,000 million, net income attributable to owners of parent of JPY 13,500 million and net income per share of JPY 339.90.공고 • Feb 13SBS Holdings, Inc., Annual General Meeting, Mar 30, 2026SBS Holdings, Inc., Annual General Meeting, Mar 30, 2026.Upcoming Dividend • Dec 22Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 24% and the cash payout ratio is 76%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%).분석 기사 • Dec 03SBS Holdings' (TSE:2384) Upcoming Dividend Will Be Larger Than Last Year'sSBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...공고 • Dec 03SBS Holdings, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026SBS Holdings, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: JP¥173 (vs JP¥27.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥173 (up from JP¥27.62 in 3Q 2024). Revenue: JP¥135.8b (up 25% from 3Q 2024). Net income: JP¥6.87b (up JP¥5.77b from 3Q 2024). Profit margin: 5.1% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.분석 기사 • Nov 12Getting In Cheap On SBS Holdings, Inc. (TSE:2384) Might Be DifficultWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider SBS...분석 기사 • Oct 11SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last YearSBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...분석 기사 • Sep 08SBS Holdings (TSE:2384) Is Increasing Its Dividend To ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...Price Target Changed • Sep 04Price target increased by 20% to JP¥3,433Up from JP¥2,867, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,495. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥282 for next year compared to JP¥242 last year.분석 기사 • Aug 25SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...공고 • Aug 15SBS Holdings, Inc. to Report Q3, 2025 Results on Nov 12, 2025SBS Holdings, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025분석 기사 • Aug 11SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...Declared Dividend • Aug 10Dividend increased to JP¥85.00Dividend of JP¥85.00 is 21% higher than last year. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: JP¥40.99 (vs JP¥39.55 in 2Q 2024)Second quarter 2025 results: EPS: JP¥40.99 (up from JP¥39.55 in 2Q 2024). Revenue: JP¥115.7b (up 7.2% from 2Q 2024). Net income: JP¥1.63b (up 3.6% from 2Q 2024). Profit margin: 1.4% (in line with 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.분석 기사 • Aug 01Here's Why SBS Holdings (TSE:2384) Has A Meaningful Debt BurdenSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공고 • Jun 30SBS Holdings, Inc. (TSE:2384) agreed to acquire 66.60% stake in Bridgestone Logistics Co., Ltd. from Bridgestone Corporation (TSE:5108) for ¥8.0 billion.SBS Holdings, Inc. (TSE:2384) agreed to acquire 66.60% stake in Bridgestone Logistics Co., Ltd. from Bridgestone Corporation (TSE:5108) for ¥8.0 billion on June 30, 2025. For the period ending December 31, 2024, Bridgestone Logistics Co., Ltd. reported total revenue of ¥50.73 billion, EBIT of ¥686 million and net income of ¥471 million. As of December 31, 2024, Bridgestone Logistics Co., Ltd. reported total assets of ¥14.46 billion and total common equity of ¥6.77 billion. The share acquisition is scheduled to be completed on October 1, 2025, subject to approval from the relevant authorities.New Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin).공고 • May 18SBS Holdings, Inc. to Report First Half, 2025 Results on Aug 08, 2025SBS Holdings, Inc. announced that they will report first half, 2025 results on Aug 08, 2025분석 기사 • May 16Returns At SBS Holdings (TSE:2384) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...공고 • Apr 03+ 1 more updateSBS Holdings, Inc. to Report Q1, 2025 Results on May 14, 2025SBS Holdings, Inc. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥242 (down from JP¥253 in FY 2023). Revenue: JP¥448.1b (up 3.8% from FY 2023). Net income: JP¥9.62b (down 4.3% from FY 2023). Profit margin: 2.1% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.공고 • Mar 25SBS Holdings, Inc. Appoints Executive OfficersSBS Holdings, Inc. announced that the company has appointed executive officers and decided to allocate their duties as follows as the current executive officers have expired at the end of March 25, 2025's Ordinary General Meeting of Shareholders. Satoshi Akuzawa as Executive Officer, Duties (As of April 1, 2025): Responsible for IT Planning, IT Solution, Information Commuication System 1-3, IT Infrastructure and LT Planning, General Manager of IT Solution and Information Commuication System 1. Mitsugu Kakushi as Executive Officer Representative Director, Duties (As of April 1, 2025): President & COO of SBS Flec Co. Ltd. Yasuhiko Ueda as Executive Officer Duties (As of April 1, 2025): Representative Director of SBS Asset Management Co. Ltd.공고 • Mar 20SBS Holdings, Inc. (TSE:2384) acquired 77% stake in PT TANGGUH JAYA PRATAMA.SBS Holdings, Inc. (TSE:2384) acquired 77% stake in PT TANGGUH JAYA PRATAMA on February 28, 2025. SBS Holdings, Inc. (TSE:2384) completed the acquisition of 77% stake in PT TANGGUH JAYA PRATAMA on February 28, 2025.Price Target Changed • Mar 15Price target increased by 8.9% to JP¥2,867Up from JP¥2,633, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,813. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥272 for next year compared to JP¥242 last year.Reported Earnings • Feb 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥242 (down from JP¥253 in FY 2023). Revenue: JP¥448.1b (up 3.8% from FY 2023). Net income: JP¥9.62b (down 4.3% from FY 2023). Profit margin: 2.1% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.공고 • Feb 14+ 1 more updateSBS Holdings, Inc., Annual General Meeting, Mar 25, 2025SBS Holdings, Inc., Annual General Meeting, Mar 25, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.2%).분석 기사 • Dec 03SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...공고 • Dec 03SBS Holdings, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025SBS Holdings, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025분석 기사 • Nov 17SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: JP¥27.62 (vs JP¥30.16 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.62 (down from JP¥30.16 in 3Q 2023). Revenue: JP¥108.5b (up 6.0% from 3Q 2023). Net income: JP¥1.10b (down 8.4% from 3Q 2023). Profit margin: 1.0% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Price Target Changed • Oct 01Price target decreased by 7.8% to JP¥2,675Down from JP¥2,900, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,770. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥258 for next year compared to JP¥253 last year.분석 기사 • Sep 18Is SBS Holdings (TSE:2384) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Aug 25SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last YearSBS Holdings, Inc.'s ( TSE:2384 ) dividend will be increasing from last year's payment of the same period to ¥70.00 on...분석 기사 • Aug 21Some May Be Optimistic About SBS Holdings' (TSE:2384) EarningsSoft earnings didn't appear to concern SBS Holdings, Inc.'s ( TSE:2384 ) shareholders over the last week. Our analysis...분석 기사 • Aug 11SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...Declared Dividend • Aug 10Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 09SBS Holdings, Inc. to Report Q3, 2024 Results on Nov 12, 2024SBS Holdings, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,338, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Logistics industry in Japan. Total loss to shareholders of 23% over the past three years.공고 • May 13SBS Holdings, Inc. to Report Q2, 2024 Results on Aug 08, 2024SBS Holdings, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024Reported Earnings • May 12First quarter 2024 earnings released: EPS: JP¥123 (vs JP¥171 in 1Q 2023)First quarter 2024 results: EPS: JP¥123 (down from JP¥171 in 1Q 2023). Revenue: JP¥113.8b (down 4.4% from 1Q 2023). Net income: JP¥4.89b (down 28% from 1Q 2023). Profit margin: 4.3% (down from 5.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Price Target Changed • Mar 23Price target decreased by 12% to JP¥2,900Down from JP¥3,310, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥2,480. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥253 last year.New Risk • Feb 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Feb 16SBS Holdings, Inc. to Report Q1, 2024 Results on May 10, 2024SBS Holdings, Inc. announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Feb 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥253 (down from JP¥295 in FY 2022). Revenue: JP¥431.9b (down 5.2% from FY 2022). Net income: JP¥10.1b (down 14% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공고 • Feb 14SBS Holdings, Inc., Annual General Meeting, Mar 27, 2024SBS Holdings, Inc., Annual General Meeting, Mar 27, 2024.Price Target Changed • Jan 23Price target decreased by 8.2% to JP¥3,360Down from JP¥3,660, the current price target is an average from 4 analysts. New target price is 33% above last closing price of JP¥2,519. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥278 for next year compared to JP¥295 last year.Upcoming Dividend • Dec 21Upcoming dividend of JP¥65.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 10 March 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.7%).공고 • Dec 05SBS Holdings, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024SBS Holdings, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: JP¥30.16 (vs JP¥62.62 in 3Q 2022)Third quarter 2023 results: EPS: JP¥30.16 (down from JP¥62.62 in 3Q 2022). Revenue: JP¥102.4b (down 9.6% from 3Q 2022). Net income: JP¥1.20b (down 52% from 3Q 2022). Profit margin: 1.2% (down from 2.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.공고 • Nov 11+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023SBS Holdings, Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company expects net sales of JPY 430,000 million, operating profit of JPY 19,000 million, profit attributable to owners of parent of JPY 10,500 million and net income per share of JPY 264.37.Price Target Changed • Sep 07Price target decreased by 8.3% to JP¥3,690Down from JP¥4,023, the current price target is an average from 3 analysts. New target price is 24% above last closing price of JP¥2,975. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of JP¥297 for next year compared to JP¥295 last year.New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% 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 4.7% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Aug 12SBS Holdings, Inc. to Report Q3, 2023 Results on Nov 10, 2023SBS Holdings, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: JP¥34.62 (vs JP¥32.10 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥34.62 (up from JP¥32.10 loss in 2Q 2022). Revenue: JP¥103.6b (down 5.0% from 2Q 2022). Net income: JP¥1.38b (up JP¥2.65b from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics 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 12% per year, which means it is significantly lagging earnings growth.공고 • Jul 14Sbs Holdings, Inc. Announces Management ChangesAt the Board of Directors meeting of SBS Holdings, Inc. held on July 14, 2023, appointed executive officers and changed the nomination and compensation committee members as follows: Hidekazu Hoshi: Senior managing director. Responsibilities In charge of the President's Office and Internal Audit Division. Upon the appointment of Hidekazu Hoshi as Senior Managing Executive Officer of the Board of Directors, the Company will no longer satisfy the requirements for independent directors. Accordingly, the Company will change the nomination and remuneration committee members as follows. Dismissal: Hidekazu Hoshi. Appointment: Yoshinobu kosugi. Date of election: July 14, 2023.Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥171 (vs JP¥79.81 in 1Q 2022)First quarter 2023 results: EPS: JP¥171 (up from JP¥79.81 in 1Q 2022). Revenue: JP¥119.1b (up 11% from 1Q 2022). Net income: JP¥6.81b (up 115% from 1Q 2022). Profit margin: 5.7% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year.공고 • May 14SBS Holdings, Inc. to Report Q2, 2023 Results on Aug 09, 2023SBS Holdings, Inc. announced that they will report Q2, 2023 results on Aug 09, 2023공고 • May 13+ 1 more updateSBS Holdings, Inc. Provides Dividend Guidance for the Year Ending December 31, 2023SBS Holdings, Inc. provided dividend guidance of JPY 65 per share for the year ending December 31, 2023.Reported Earnings • Mar 31Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥295 (up from JP¥272 in FY 2021). Revenue: JP¥455.5b (up 13% from FY 2021). Net income: JP¥11.7b (up 8.7% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Mar 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥336 to JP¥298 per share. Revenue forecast steady at JP¥453.1b. Net income forecast to grow 0.7% next year vs 2.1% growth forecast for Logistics industry in Japan. Consensus price target broadly unchanged at JP¥4,023. Share price was steady at JP¥3,220 over the past week.공고 • Feb 15SBS Holdings, Inc. to Report Q1, 2023 Results on May 12, 2023SBS Holdings, Inc. announced that they will report Q1, 2023 results on May 12, 2023Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥295 (up from JP¥272 in FY 2021). Revenue: JP¥455.5b (up 13% from FY 2021). Net income: JP¥11.7b (up 8.7% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year.공고 • Feb 12SBS Holdings, Inc., Annual General Meeting, Mar 28, 2023SBS Holdings, Inc., Annual General Meeting, Mar 28, 2023.공고 • Feb 10+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the the Six Months Ending June 2023 and Year Ending December 2023SBS Holdings, Inc. provided consolidated earnings guidance for the the six months ending June 2023 and Year ending December 2023. For the six months, company expects Net sales of JPY 228,000 million, Operating income of JPY 13,600 million, Net income attributable to owners of parent of JPY 7,800 million and Net income per share of JPY 196.39.For the year, company expects Net sales of JPY 457,000 million, Operating income of JPY 22,800 million, Net income attributable to owners of parent of JPY 12,000 million and Net income per share of JPY 302.13.Upcoming Dividend • Dec 22Upcoming dividend of JP¥59.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 08 March 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%).공고 • Dec 06SBS Holdings, Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023SBS Holdings, Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023Major Estimate Revision • Nov 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥260 to JP¥227 per share. Revenue forecast steady at JP¥453.0b. Net income forecast to grow 111% next year vs 14% growth forecast for Logistics industry in Japan. Consensus price target broadly unchanged at JP¥4,030. Share price was steady at JP¥2,963 over the past week.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. 6 non-independent directors. Independent Outside Director Shuichi Hoshi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: JP¥62.62 (vs JP¥49.35 in 3Q 2021)Third quarter 2022 results: EPS: JP¥62.62 (up from JP¥49.35 in 3Q 2021). Revenue: JP¥113.3b (up 16% from 3Q 2021). Net income: JP¥2.49b (up 27% from 3Q 2021). Profit margin: 2.2% (up from 2.0% in 3Q 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Logistics industry in Japan. 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 14% per year, which means it is tracking significantly ahead of earnings growth.공고 • Nov 11+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for Fiscal Year Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for fiscal year ending December 31, 2022. For the fiscal year period, the company expects to report net sales of JPY 430,000 million, operating income of JPY 21,500 million, ordinary income of JPY 20,600 million.Price Target Changed • Oct 08Price target decreased to JP¥4,080Down from JP¥4,400, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥2,876. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥260 for next year compared to JP¥272 last year.Major Estimate Revision • Aug 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥435.6b to JP¥440.0b. EPS estimate fell from JP¥335 to JP¥234 per share. Net income forecast to grow 123% next year vs 26% growth forecast for Logistics industry in Japan. Consensus price target down from JP¥4,400 to JP¥4,275. Share price was steady at JP¥2,846 over the past week.공고 • Aug 10SBS Holdings, Inc. to Report Q3, 2022 Results on Nov 10, 2022SBS Holdings, Inc. announced that they will report Q3, 2022 results on Nov 10, 2022Reported Earnings • Aug 07Second quarter 2022 earnings released: JP¥32.10 loss per share (vs JP¥141 profit in 2Q 2021)Second quarter 2022 results: JP¥32.10 loss per share (down from JP¥141 profit in 2Q 2021). Revenue: JP¥109.1b (flat on 2Q 2021). Net loss: JP¥1.28b (down 123% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 5.9% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.공고 • Aug 05+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for the ending December 31, 2022. For the year, the company expects Net sales of JPY 430,000 million, Operating income of JPY 21,500 million.공고 • Jun 29SBS Holdings, Inc. to Report Q2, 2022 Results on Aug 05, 2022SBS Holdings, Inc. announced that they will report Q2, 2022 results on Aug 05, 2022Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: JP¥79.81 (up from JP¥55.90 in 1Q 2021). Revenue: JP¥107.8b (up 16% from 1Q 2021). Net income: JP¥3.17b (up 43% from 1Q 2021). Profit margin: 2.9% (up from 2.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 3.2% while the industry in Japan is not expected to grow. 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 • May 13SBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 2022 and Fiscal Year Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 2022 and fiscal year ending December 31, 2022. For the six months period, the company expects to report net sales of JPY 205,000 million, operating income of JPY 6,800 million, ordinary income of JPY 6,200 million, net income attributable to owners of parent of JPY 4,800 million, and net income per share of JPY 120.85. For the fiscal year period, the company expects to report net sales of JPY 430,000 million, operating income of JPY 21,500 million, ordinary income of JPY 20,600 million, net income attributable to owners of parent of JPY 11,700 million, and net income per share of JPY 294.58.이익 및 매출 성장 예측TSE:2384 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028612,03317,23316,081N/A312/31/2027589,13315,63314,110N/A312/31/2026566,10013,9674,563N/A33/31/2026530,92918,962N/AN/AN/A12/31/2025490,34411,78322,39135,432N/A9/30/2025482,22311,691N/AN/AN/A6/30/2025454,9455,9234,42017,211N/A3/31/2025447,1525,866N/AN/AN/A12/31/2024448,1459,6192,69715,807N/A9/30/2024437,1318,225N/AN/AN/A6/30/2024430,9848,326-10,3191,437N/A3/31/2024426,6568,130N/AN/AN/A12/31/2023431,91110,0564,30014,113N/A9/30/2023450,39916,734N/AN/AN/A6/30/2023461,29518,02331,46344,935N/A3/31/2023466,75115,373N/AN/AN/A12/31/2022455,48111,7325,32522,407N/A9/30/2022433,8685,403N/AN/AN/A6/30/2022418,0934,876-11,4344,954N/A3/31/2022418,28211,740N/AN/AN/A12/31/2021403,48510,79014,60727,472N/A9/30/2021365,33411,232N/AN/AN/A6/30/2021330,29710,50416,70926,702N/A3/31/2021281,3855,973N/AN/AN/A12/31/2020257,1926,8265,37617,262N/A9/30/2020256,4136,715N/AN/AN/A6/30/2020257,7436,8548,61618,745N/A3/31/2020259,7296,896N/AN/AN/A12/31/2019255,5486,079N/A16,872N/A9/30/2019258,2527,289N/AN/AN/A6/30/2019253,2826,544N/A19,571N/A3/31/2019230,9436,159N/AN/AN/A12/31/2018203,5164,409N/A12,398N/A9/30/2018176,9633,339N/AN/AN/A6/30/2018158,2864,250N/A9,565N/A3/31/2018155,2764,312N/AN/AN/A12/31/2017152,8704,446N/A11,671N/A9/30/2017148,6133,468N/AN/AN/A6/30/2017144,2852,526N/A7,672N/A3/31/2017150,2465,014N/AN/AN/A12/31/2016149,0545,118N/A12,201N/A9/30/2016147,067-2,885N/AN/AN/A6/30/2016155,298-1,839N/A16,768N/A3/31/2016152,061-5,665N/AN/AN/A12/31/2015157,996-3,815N/A7,728N/A9/30/2015161,6803,923N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2384 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.6%).수익 vs 시장: 2384 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.6%).고성장 수익: 2384 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 2384 의 수익(연간 4.9%)이 JP 시장(연간 6.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2384 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2384의 자본 수익률은 3년 후 13.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/27 00:39종가2026/07/27 00:00수익2026/03/31연간 수익2025/12/31데이터 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 소스SBS Holdings, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Masayoshi YonezawaDaiwa Securities Co. Ltd.Yumiko KaiIchiyoshi Research Institute Inc.William MontgomeryMacquarie Research4명의 분석가 더 보기
공고 • Feb 14+ 3 more updatesSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Fiscal Year Ending December 31, 2026SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 30, 2026 and fiscal year ending December 31, 2026. For the six months period, the company expects net sales of JPY 280,000 million, operating profit of JPY 15,000 million, net income attributable to owners of parent of JPY 9,500 million and net income per share of JPY 239.19. For the year, the company expects net sales of JPY 560,000 million, operating profit of JPY 24,000 million, net income attributable to owners of parent of JPY 13,500 million and net income per share of JPY 339.90.
Price Target Changed • Sep 04Price target increased by 20% to JP¥3,433Up from JP¥2,867, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,495. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥282 for next year compared to JP¥242 last year.
Price Target Changed • Mar 15Price target increased by 8.9% to JP¥2,867Up from JP¥2,633, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,813. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥272 for next year compared to JP¥242 last year.
Price Target Changed • Oct 01Price target decreased by 7.8% to JP¥2,675Down from JP¥2,900, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,770. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥258 for next year compared to JP¥253 last year.
Price Target Changed • Mar 23Price target decreased by 12% to JP¥2,900Down from JP¥3,310, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥2,480. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥253 last year.
Price Target Changed • Jan 23Price target decreased by 8.2% to JP¥3,360Down from JP¥3,660, the current price target is an average from 4 analysts. New target price is 33% above last closing price of JP¥2,519. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥278 for next year compared to JP¥295 last year.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: JP¥209 (vs JP¥28.50 in 1Q 2025)First quarter 2026 results: EPS: JP¥209 (up from JP¥28.50 in 1Q 2025). Revenue: JP¥153.4b (up 36% from 1Q 2025). Net income: JP¥8.31b (up JP¥7.18b from 1Q 2025). Profit margin: 5.4% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
공고 • May 17SBS Holdings, Inc. to Report Q2, 2026 Results on Aug 07, 2026SBS Holdings, Inc. announced that they will report Q2, 2026 results on Aug 07, 2026
Buy Or Sell Opportunity • Mar 31Now 23% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,230. The fair value is estimated to be JP¥5,484, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
공고 • Mar 31SBS Holdings, Inc. Announces Appointment and Assignment of Duties for Executive Officers, Effective March 30, 2026SBS Holdings, Inc. announced the appointment and assignment of duties for eleven executive officers as the current executive officers have expired at the end of the Ordinary General Meeting of Shareholders held on March 30, 2026. Masato Taiji has been appointed as Managing Executive Officer, responsible for Internal Audit, Sustainability, Human Resources, General Affairs and Quality & Safety Management. Yasuhito Tanaka has been appointed as Managing Executive Officer, responsible for Corporate Planning, Business Development and Legal Office. Katsuhisa Wakamatsu has been appointed as Executive Officer, responsible for Business Strategy, Representative Director and Executive Officer of SBS NEXTHIRD CO., LTD. Satoshi Akuzawa has been appointed as Executive Officer, responsible for IT Planning, Information Communication System 1-3, IT Infrastructure and LT Planning. Kimihiro Sato has been appointed as Executive Officer, Representative Director, Chairperson & CEO of SBS Toshiba Logistics Corporation. Yasushi Kanazawa has been appointed as Executive Officer, Representative Director, President & COO of SBS Toshiba Logistics Corporation. Mitsugu Kakushi has been appointed as Executive Officer, Representative Director, President & COO of SBS Flec Co. Ltd. Yasuhiko Ueda has been appointed as Executive Officer, Representative Director of SBS Asset Management Co. Ltd. Yoshihiro Miyoshi has been appointed as Executive Officer, President, Representative Director of Bridgestone Logistics Co. Ltd. Effective date: March 30, 2026.
Reported Earnings • Mar 29Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥297 (up from JP¥242 in FY 2024). Revenue: JP¥490.3b (up 9.4% from FY 2024). Net income: JP¥11.8b (up 23% from FY 2024). Profit margin: 2.4% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Mar 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.5% to JP¥4,140. The fair value is estimated to be JP¥3,323, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period.
Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥297 (up from JP¥242 in FY 2024). Revenue: JP¥490.3b (up 9.4% from FY 2024). Net income: JP¥11.8b (up 23% from FY 2024). Profit margin: 2.4% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공고 • Feb 14+ 3 more updatesSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Fiscal Year Ending December 31, 2026SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 30, 2026 and fiscal year ending December 31, 2026. For the six months period, the company expects net sales of JPY 280,000 million, operating profit of JPY 15,000 million, net income attributable to owners of parent of JPY 9,500 million and net income per share of JPY 239.19. For the year, the company expects net sales of JPY 560,000 million, operating profit of JPY 24,000 million, net income attributable to owners of parent of JPY 13,500 million and net income per share of JPY 339.90.
공고 • Feb 13SBS Holdings, Inc., Annual General Meeting, Mar 30, 2026SBS Holdings, Inc., Annual General Meeting, Mar 30, 2026.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 24% and the cash payout ratio is 76%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%).
분석 기사 • Dec 03SBS Holdings' (TSE:2384) Upcoming Dividend Will Be Larger Than Last Year'sSBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
공고 • Dec 03SBS Holdings, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026SBS Holdings, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: JP¥173 (vs JP¥27.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥173 (up from JP¥27.62 in 3Q 2024). Revenue: JP¥135.8b (up 25% from 3Q 2024). Net income: JP¥6.87b (up JP¥5.77b from 3Q 2024). Profit margin: 5.1% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
분석 기사 • Nov 12Getting In Cheap On SBS Holdings, Inc. (TSE:2384) Might Be DifficultWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider SBS...
분석 기사 • Oct 11SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last YearSBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
분석 기사 • Sep 08SBS Holdings (TSE:2384) Is Increasing Its Dividend To ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Price Target Changed • Sep 04Price target increased by 20% to JP¥3,433Up from JP¥2,867, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,495. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥282 for next year compared to JP¥242 last year.
분석 기사 • Aug 25SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
공고 • Aug 15SBS Holdings, Inc. to Report Q3, 2025 Results on Nov 12, 2025SBS Holdings, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025
분석 기사 • Aug 11SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Declared Dividend • Aug 10Dividend increased to JP¥85.00Dividend of JP¥85.00 is 21% higher than last year. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: JP¥40.99 (vs JP¥39.55 in 2Q 2024)Second quarter 2025 results: EPS: JP¥40.99 (up from JP¥39.55 in 2Q 2024). Revenue: JP¥115.7b (up 7.2% from 2Q 2024). Net income: JP¥1.63b (up 3.6% from 2Q 2024). Profit margin: 1.4% (in line with 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
분석 기사 • Aug 01Here's Why SBS Holdings (TSE:2384) Has A Meaningful Debt BurdenSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공고 • Jun 30SBS Holdings, Inc. (TSE:2384) agreed to acquire 66.60% stake in Bridgestone Logistics Co., Ltd. from Bridgestone Corporation (TSE:5108) for ¥8.0 billion.SBS Holdings, Inc. (TSE:2384) agreed to acquire 66.60% stake in Bridgestone Logistics Co., Ltd. from Bridgestone Corporation (TSE:5108) for ¥8.0 billion on June 30, 2025. For the period ending December 31, 2024, Bridgestone Logistics Co., Ltd. reported total revenue of ¥50.73 billion, EBIT of ¥686 million and net income of ¥471 million. As of December 31, 2024, Bridgestone Logistics Co., Ltd. reported total assets of ¥14.46 billion and total common equity of ¥6.77 billion. The share acquisition is scheduled to be completed on October 1, 2025, subject to approval from the relevant authorities.
New Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin).
공고 • May 18SBS Holdings, Inc. to Report First Half, 2025 Results on Aug 08, 2025SBS Holdings, Inc. announced that they will report first half, 2025 results on Aug 08, 2025
분석 기사 • May 16Returns At SBS Holdings (TSE:2384) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
공고 • Apr 03+ 1 more updateSBS Holdings, Inc. to Report Q1, 2025 Results on May 14, 2025SBS Holdings, Inc. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥242 (down from JP¥253 in FY 2023). Revenue: JP¥448.1b (up 3.8% from FY 2023). Net income: JP¥9.62b (down 4.3% from FY 2023). Profit margin: 2.1% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
공고 • Mar 25SBS Holdings, Inc. Appoints Executive OfficersSBS Holdings, Inc. announced that the company has appointed executive officers and decided to allocate their duties as follows as the current executive officers have expired at the end of March 25, 2025's Ordinary General Meeting of Shareholders. Satoshi Akuzawa as Executive Officer, Duties (As of April 1, 2025): Responsible for IT Planning, IT Solution, Information Commuication System 1-3, IT Infrastructure and LT Planning, General Manager of IT Solution and Information Commuication System 1. Mitsugu Kakushi as Executive Officer Representative Director, Duties (As of April 1, 2025): President & COO of SBS Flec Co. Ltd. Yasuhiko Ueda as Executive Officer Duties (As of April 1, 2025): Representative Director of SBS Asset Management Co. Ltd.
공고 • Mar 20SBS Holdings, Inc. (TSE:2384) acquired 77% stake in PT TANGGUH JAYA PRATAMA.SBS Holdings, Inc. (TSE:2384) acquired 77% stake in PT TANGGUH JAYA PRATAMA on February 28, 2025. SBS Holdings, Inc. (TSE:2384) completed the acquisition of 77% stake in PT TANGGUH JAYA PRATAMA on February 28, 2025.
Price Target Changed • Mar 15Price target increased by 8.9% to JP¥2,867Up from JP¥2,633, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,813. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥272 for next year compared to JP¥242 last year.
Reported Earnings • Feb 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥242 (down from JP¥253 in FY 2023). Revenue: JP¥448.1b (up 3.8% from FY 2023). Net income: JP¥9.62b (down 4.3% from FY 2023). Profit margin: 2.1% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
공고 • Feb 14+ 1 more updateSBS Holdings, Inc., Annual General Meeting, Mar 25, 2025SBS Holdings, Inc., Annual General Meeting, Mar 25, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.2%).
분석 기사 • Dec 03SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
공고 • Dec 03SBS Holdings, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025SBS Holdings, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025
분석 기사 • Nov 17SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: JP¥27.62 (vs JP¥30.16 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.62 (down from JP¥30.16 in 3Q 2023). Revenue: JP¥108.5b (up 6.0% from 3Q 2023). Net income: JP¥1.10b (down 8.4% from 3Q 2023). Profit margin: 1.0% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Price Target Changed • Oct 01Price target decreased by 7.8% to JP¥2,675Down from JP¥2,900, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,770. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥258 for next year compared to JP¥253 last year.
분석 기사 • Sep 18Is SBS Holdings (TSE:2384) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Aug 25SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last YearSBS Holdings, Inc.'s ( TSE:2384 ) dividend will be increasing from last year's payment of the same period to ¥70.00 on...
분석 기사 • Aug 21Some May Be Optimistic About SBS Holdings' (TSE:2384) EarningsSoft earnings didn't appear to concern SBS Holdings, Inc.'s ( TSE:2384 ) shareholders over the last week. Our analysis...
분석 기사 • Aug 11SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
Declared Dividend • Aug 10Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 09SBS Holdings, Inc. to Report Q3, 2024 Results on Nov 12, 2024SBS Holdings, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,338, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Logistics industry in Japan. Total loss to shareholders of 23% over the past three years.
공고 • May 13SBS Holdings, Inc. to Report Q2, 2024 Results on Aug 08, 2024SBS Holdings, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024
Reported Earnings • May 12First quarter 2024 earnings released: EPS: JP¥123 (vs JP¥171 in 1Q 2023)First quarter 2024 results: EPS: JP¥123 (down from JP¥171 in 1Q 2023). Revenue: JP¥113.8b (down 4.4% from 1Q 2023). Net income: JP¥4.89b (down 28% from 1Q 2023). Profit margin: 4.3% (down from 5.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Price Target Changed • Mar 23Price target decreased by 12% to JP¥2,900Down from JP¥3,310, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥2,480. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥253 last year.
New Risk • Feb 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Feb 16SBS Holdings, Inc. to Report Q1, 2024 Results on May 10, 2024SBS Holdings, Inc. announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Feb 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥253 (down from JP¥295 in FY 2022). Revenue: JP¥431.9b (down 5.2% from FY 2022). Net income: JP¥10.1b (down 14% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공고 • Feb 14SBS Holdings, Inc., Annual General Meeting, Mar 27, 2024SBS Holdings, Inc., Annual General Meeting, Mar 27, 2024.
Price Target Changed • Jan 23Price target decreased by 8.2% to JP¥3,360Down from JP¥3,660, the current price target is an average from 4 analysts. New target price is 33% above last closing price of JP¥2,519. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥278 for next year compared to JP¥295 last year.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥65.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 10 March 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.7%).
공고 • Dec 05SBS Holdings, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024SBS Holdings, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: JP¥30.16 (vs JP¥62.62 in 3Q 2022)Third quarter 2023 results: EPS: JP¥30.16 (down from JP¥62.62 in 3Q 2022). Revenue: JP¥102.4b (down 9.6% from 3Q 2022). Net income: JP¥1.20b (down 52% from 3Q 2022). Profit margin: 1.2% (down from 2.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.
공고 • Nov 11+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023SBS Holdings, Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company expects net sales of JPY 430,000 million, operating profit of JPY 19,000 million, profit attributable to owners of parent of JPY 10,500 million and net income per share of JPY 264.37.
Price Target Changed • Sep 07Price target decreased by 8.3% to JP¥3,690Down from JP¥4,023, the current price target is an average from 3 analysts. New target price is 24% above last closing price of JP¥2,975. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of JP¥297 for next year compared to JP¥295 last year.
New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% 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 4.7% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Aug 12SBS Holdings, Inc. to Report Q3, 2023 Results on Nov 10, 2023SBS Holdings, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: JP¥34.62 (vs JP¥32.10 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥34.62 (up from JP¥32.10 loss in 2Q 2022). Revenue: JP¥103.6b (down 5.0% from 2Q 2022). Net income: JP¥1.38b (up JP¥2.65b from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics 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 12% per year, which means it is significantly lagging earnings growth.
공고 • Jul 14Sbs Holdings, Inc. Announces Management ChangesAt the Board of Directors meeting of SBS Holdings, Inc. held on July 14, 2023, appointed executive officers and changed the nomination and compensation committee members as follows: Hidekazu Hoshi: Senior managing director. Responsibilities In charge of the President's Office and Internal Audit Division. Upon the appointment of Hidekazu Hoshi as Senior Managing Executive Officer of the Board of Directors, the Company will no longer satisfy the requirements for independent directors. Accordingly, the Company will change the nomination and remuneration committee members as follows. Dismissal: Hidekazu Hoshi. Appointment: Yoshinobu kosugi. Date of election: July 14, 2023.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥171 (vs JP¥79.81 in 1Q 2022)First quarter 2023 results: EPS: JP¥171 (up from JP¥79.81 in 1Q 2022). Revenue: JP¥119.1b (up 11% from 1Q 2022). Net income: JP¥6.81b (up 115% from 1Q 2022). Profit margin: 5.7% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year.
공고 • May 14SBS Holdings, Inc. to Report Q2, 2023 Results on Aug 09, 2023SBS Holdings, Inc. announced that they will report Q2, 2023 results on Aug 09, 2023
공고 • May 13+ 1 more updateSBS Holdings, Inc. Provides Dividend Guidance for the Year Ending December 31, 2023SBS Holdings, Inc. provided dividend guidance of JPY 65 per share for the year ending December 31, 2023.
Reported Earnings • Mar 31Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥295 (up from JP¥272 in FY 2021). Revenue: JP¥455.5b (up 13% from FY 2021). Net income: JP¥11.7b (up 8.7% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Mar 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥336 to JP¥298 per share. Revenue forecast steady at JP¥453.1b. Net income forecast to grow 0.7% next year vs 2.1% growth forecast for Logistics industry in Japan. Consensus price target broadly unchanged at JP¥4,023. Share price was steady at JP¥3,220 over the past week.
공고 • Feb 15SBS Holdings, Inc. to Report Q1, 2023 Results on May 12, 2023SBS Holdings, Inc. announced that they will report Q1, 2023 results on May 12, 2023
Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥295 (up from JP¥272 in FY 2021). Revenue: JP¥455.5b (up 13% from FY 2021). Net income: JP¥11.7b (up 8.7% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year.
공고 • Feb 12SBS Holdings, Inc., Annual General Meeting, Mar 28, 2023SBS Holdings, Inc., Annual General Meeting, Mar 28, 2023.
공고 • Feb 10+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the the Six Months Ending June 2023 and Year Ending December 2023SBS Holdings, Inc. provided consolidated earnings guidance for the the six months ending June 2023 and Year ending December 2023. For the six months, company expects Net sales of JPY 228,000 million, Operating income of JPY 13,600 million, Net income attributable to owners of parent of JPY 7,800 million and Net income per share of JPY 196.39.For the year, company expects Net sales of JPY 457,000 million, Operating income of JPY 22,800 million, Net income attributable to owners of parent of JPY 12,000 million and Net income per share of JPY 302.13.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥59.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 08 March 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%).
공고 • Dec 06SBS Holdings, Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023SBS Holdings, Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023
Major Estimate Revision • Nov 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥260 to JP¥227 per share. Revenue forecast steady at JP¥453.0b. Net income forecast to grow 111% next year vs 14% growth forecast for Logistics industry in Japan. Consensus price target broadly unchanged at JP¥4,030. Share price was steady at JP¥2,963 over the past week.
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. 6 non-independent directors. Independent Outside Director Shuichi Hoshi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: JP¥62.62 (vs JP¥49.35 in 3Q 2021)Third quarter 2022 results: EPS: JP¥62.62 (up from JP¥49.35 in 3Q 2021). Revenue: JP¥113.3b (up 16% from 3Q 2021). Net income: JP¥2.49b (up 27% from 3Q 2021). Profit margin: 2.2% (up from 2.0% in 3Q 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Logistics industry in Japan. 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 14% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Nov 11+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for Fiscal Year Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for fiscal year ending December 31, 2022. For the fiscal year period, the company expects to report net sales of JPY 430,000 million, operating income of JPY 21,500 million, ordinary income of JPY 20,600 million.
Price Target Changed • Oct 08Price target decreased to JP¥4,080Down from JP¥4,400, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥2,876. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥260 for next year compared to JP¥272 last year.
Major Estimate Revision • Aug 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥435.6b to JP¥440.0b. EPS estimate fell from JP¥335 to JP¥234 per share. Net income forecast to grow 123% next year vs 26% growth forecast for Logistics industry in Japan. Consensus price target down from JP¥4,400 to JP¥4,275. Share price was steady at JP¥2,846 over the past week.
공고 • Aug 10SBS Holdings, Inc. to Report Q3, 2022 Results on Nov 10, 2022SBS Holdings, Inc. announced that they will report Q3, 2022 results on Nov 10, 2022
Reported Earnings • Aug 07Second quarter 2022 earnings released: JP¥32.10 loss per share (vs JP¥141 profit in 2Q 2021)Second quarter 2022 results: JP¥32.10 loss per share (down from JP¥141 profit in 2Q 2021). Revenue: JP¥109.1b (flat on 2Q 2021). Net loss: JP¥1.28b (down 123% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 5.9% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Aug 05+ 1 more updateSBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for the ending December 31, 2022. For the year, the company expects Net sales of JPY 430,000 million, Operating income of JPY 21,500 million.
공고 • Jun 29SBS Holdings, Inc. to Report Q2, 2022 Results on Aug 05, 2022SBS Holdings, Inc. announced that they will report Q2, 2022 results on Aug 05, 2022
Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: JP¥79.81 (up from JP¥55.90 in 1Q 2021). Revenue: JP¥107.8b (up 16% from 1Q 2021). Net income: JP¥3.17b (up 43% from 1Q 2021). Profit margin: 2.9% (up from 2.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 3.2% while the industry in Japan is not expected to grow. 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 • May 13SBS Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 2022 and Fiscal Year Ending December 31, 2022SBS Holdings, Inc. provided consolidated earnings guidance for the six months ending June 2022 and fiscal year ending December 31, 2022. For the six months period, the company expects to report net sales of JPY 205,000 million, operating income of JPY 6,800 million, ordinary income of JPY 6,200 million, net income attributable to owners of parent of JPY 4,800 million, and net income per share of JPY 120.85. For the fiscal year period, the company expects to report net sales of JPY 430,000 million, operating income of JPY 21,500 million, ordinary income of JPY 20,600 million, net income attributable to owners of parent of JPY 11,700 million, and net income per share of JPY 294.58.