SBS Holdings, Inc.

TSE:2384 Stock Report

Market Cap: JP¥180.9b

SBS Holdings Future Growth

Future criteria checks 0/6

SBS Holdings's earnings are forecast to decline at 3.3% per annum while its annual revenue is expected to grow at 5% per year. EPS is expected to decline by 3.3% per annum. Return on equity is forecast to be 13.5% in 3 years.

Key information

-3.3%

Earnings growth rate

-3.33%

EPS growth rate

Logistics earnings growth14.8%
Revenue growth rate5.0%
Future return on equity13.46%
Analyst coverage

Low

Last updated02 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Dec 03

SBS Holdings' (TSE:2384) Upcoming Dividend Will Be Larger Than Last Year's

SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Nov 12

Getting In Cheap On SBS Holdings, Inc. (TSE:2384) Might Be Difficult

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider SBS...
Analysis Article • Oct 11

SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last Year

SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Analysis Article • Sep 08

SBS Holdings (TSE:2384) Is Increasing Its Dividend To ¥85.00

SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Analysis Article • Aug 25

SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00

SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Analysis Article • Aug 11

SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥85.00

SBS Holdings, Inc. ( TSE:2384 ) will increase its dividend from last year's comparable payment on the 10th of March to...
Analysis Article • Aug 01

Here's Why SBS Holdings (TSE:2384) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 16

Returns At SBS Holdings (TSE:2384) Appear To Be Weighed Down

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article • Dec 03

SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00

SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Nov 17

SBS Holdings (TSE:2384) Will Pay A Larger Dividend Than Last Year At ¥70.00

SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Sep 18

Is 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...
Analysis Article • Aug 25

SBS Holdings' (TSE:2384) Shareholders Will Receive A Bigger Dividend Than Last Year

SBS Holdings, Inc.'s ( TSE:2384 ) dividend will be increasing from last year's payment of the same period to ¥70.00 on...
Analysis Article • Aug 21

Some May Be Optimistic About SBS Holdings' (TSE:2384) Earnings

Soft earnings didn't appear to concern SBS Holdings, Inc.'s ( TSE:2384 ) shareholders over the last week. Our analysis...
Analysis Article • Aug 11

SBS Holdings (TSE:2384) Has Announced That It Will Be Increasing Its Dividend To ¥70.00

SBS Holdings, Inc. ( TSE:2384 ) has announced that it will be increasing its dividend from last year's comparable...

Earnings and Revenue Growth Forecasts

TSE:2384 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028612,36716,50016,081N/A3
12/31/2027589,13315,00014,110N/A3
12/31/2026566,10013,6674,563N/A3
3/31/2026530,92918,962N/AN/AN/A
12/31/2025490,34411,78322,39135,432N/A
9/30/2025482,22311,691N/AN/AN/A
6/30/2025454,9455,9234,42017,211N/A
3/31/2025447,1525,866N/AN/AN/A
12/31/2024448,1459,6192,69715,807N/A
9/30/2024437,1318,225N/AN/AN/A
6/30/2024430,9848,326-10,3191,437N/A
3/31/2024426,6568,130N/AN/AN/A
12/31/2023431,91110,0564,30014,113N/A
9/30/2023450,39916,734N/AN/AN/A
6/30/2023461,29518,02331,46344,935N/A
3/31/2023466,75115,373N/AN/AN/A
12/31/2022455,48111,7325,32522,407N/A
9/30/2022433,8685,403N/AN/AN/A
6/30/2022418,0934,876-11,4344,954N/A
3/31/2022418,28211,740N/AN/AN/A
12/31/2021403,48510,79014,60727,472N/A
9/30/2021365,33411,232N/AN/AN/A
6/30/2021330,29710,50416,70926,702N/A
3/31/2021281,3855,973N/AN/AN/A
12/31/2020257,1926,8265,37617,262N/A
9/30/2020256,4136,715N/AN/AN/A
6/30/2020257,7436,8548,61618,745N/A
3/31/2020259,7296,896N/AN/AN/A
12/31/2019255,5486,079N/A16,872N/A
9/30/2019258,2527,289N/AN/AN/A
6/30/2019253,2826,544N/A19,571N/A
3/31/2019230,9436,159N/AN/AN/A
12/31/2018203,5164,409N/A12,398N/A
9/30/2018176,9633,339N/AN/AN/A
6/30/2018158,2864,250N/A9,565N/A
3/31/2018155,2764,312N/AN/AN/A
12/31/2017152,8704,446N/A11,671N/A
9/30/2017148,6133,468N/AN/AN/A
6/30/2017144,2852,526N/A7,672N/A
3/31/2017150,2465,014N/AN/AN/A
12/31/2016149,0545,118N/A12,201N/A
9/30/2016147,067-2,885N/AN/AN/A
6/30/2016155,298-1,839N/A16,768N/A
3/31/2016152,061-5,665N/AN/AN/A
12/31/2015157,996-3,815N/A7,728N/A
9/30/2015161,6803,923N/AN/AN/A
6/30/2015154,9873,022N/A5,815N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2384's earnings are forecast to decline over the next 3 years (-3.3% per year).

Earnings vs Market: 2384's earnings are forecast to decline over the next 3 years (-3.3% per year).

High Growth Earnings: 2384's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 2384's revenue (5% per year) is forecast to grow slower than the JP market (6% per year).

High Growth Revenue: 2384's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2384's Return on Equity is forecast to be low in 3 years time (13.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 16:49
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SBS Holdings, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masayoshi YonezawaDaiwa Securities Co. Ltd.
Yumiko KaiIchiyoshi Research Institute Inc.
William MontgomeryMacquarie Research