SBS Holdings, Inc. logo

SBS Holdings, Inc.

2384.T

JPXIndustrialsIntegrated Freight & Logistics

Latest quote

¥5,060

−¥130 · -2.50%

Aug 24, 1:18 PM JSTData delayed

2384.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

SBS Holdings, Inc. is a Tokyo, Japan-based enterprise that operates extensively in the logistics sector, both within Japan and internationally. The company facilitates product movement through diverse transportation methods, including truck and train networks. Its comprehensive logistics offerings encompass dry, chilled, and frozen storage, in addition to specialized services like customs clearance, freight forwarding, facility relocation, on-site logistics support, strategic consulting, and third-party logistics (3PL). Beyond its core logistics operations, SBS Holdings is active in various other business segments. It manages a real estate portfolio, which includes leasing office spaces, residential units, and warehouses, as well as developing and selling dedicated logistics centers. The firm also provides human resource solutions, such as temporary staffing, employment placement, and outsourcing warehouse labor. Furthermore, it engages in environmental services, covering the collection, transportation, processing, and recycling of general and industrial waste. Additional services include construction and operational agency, fulfillment, bulk purchasing of fuel and tires, and insurance agency activities. Established in 1987, the company underwent a name change from SBS Co., Ltd. to SBS Holdings, Inc. in April 2006.

Industry
Integrated Freight & Logistics
Sector
Industrials
Headquarters
JP
CEO
Masahiko Kamata
Listed since
Feb 22, 2010
Employees
11,772

Market position

Volume
36.2K
0.37× average
Average volume
98.61K
Average daily volume
Market cap
200.97B JPY
Beta
0.46
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
234.29B JPY
P/E (TTM)
10.09×
P/B (TTM)
1.92×
P/S (TTM)
0.36×
EV / EBITDA
6.65×
Earnings yield
7.85%
Free cash flow yield
14.91%
Dividend yield
1.78%

Profitability & efficiency

Gross margin
12.54%
Operating margin
5.91%
Net margin
3.58%
Return on equity
12.18%
Return on assets
3.40%
Return on invested capital
5.27%

Financial health

Debt / equity
0.96×
Current ratio
1.19×
Altman Z-score
2.9
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%9%5%1%Gross margin, FY2021: 11.58%Gross margin, FY2022: 11.10%Gross margin, FY2023: 11.61%Gross margin, FY2024: 11.12%Gross margin, FY2025: 11.37%Operating margin, FY2021: 5.13%Operating margin, FY2022: 4.80%Operating margin, FY2023: 4.57%Operating margin, FY2024: 3.95%Operating margin, FY2025: 4.34%Net margin, FY2021: 2.67%Net margin, FY2022: 2.58%Net margin, FY2023: 2.33%Net margin, FY2024: 2.15%Net margin, FY2025: 2.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.58%. Gross margin FY2022 11.10%. Gross margin FY2023 11.61%. Gross margin FY2024 11.12%. Gross margin FY2025 11.37%. Operating margin FY2021 5.13%. Operating margin FY2022 4.80%. Operating margin FY2023 4.57%. Operating margin FY2024 3.95%. Operating margin FY2025 4.34%. Net margin FY2021 2.67%. Net margin FY2022 2.58%. Net margin FY2023 2.33%. Net margin FY2024 2.15%. Net margin FY2025 2.40%.

Income trends

Revenue

490.34B JPY+9.42%

Operating income

21.3B JPY+20.29%

Net income

11.78B JPY+22.51%
Income trends across reported periods538.42B JPY346.13B JPY153.84B JPY−38.45B JPYRevenue, FY2021: 403.49B JPYRevenue, FY2022: 455.48B JPYRevenue, FY2023: 431.91B JPYRevenue, FY2024: 448.15B JPYRevenue, FY2025: 490.34B JPYOperating income, FY2021: 20.71B JPYOperating income, FY2022: 21.84B JPYOperating income, FY2023: 19.72B JPYOperating income, FY2024: 17.7B JPYOperating income, FY2025: 21.3B JPYNet income, FY2021: 10.79B JPYNet income, FY2022: 11.73B JPYNet income, FY2023: 10.06B JPYNet income, FY2024: 9.62B JPYNet income, FY2025: 11.78B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 403.49B JPY. Revenue FY2022 455.48B JPY. Revenue FY2023 431.91B JPY. Revenue FY2024 448.15B JPY. Revenue FY2025 490.34B JPY. Operating income FY2021 20.71B JPY. Operating income FY2022 21.84B JPY. Operating income FY2023 19.72B JPY. Operating income FY2024 17.7B JPY. Operating income FY2025 21.3B JPY. Net income FY2021 10.79B JPY. Net income FY2022 11.73B JPY. Net income FY2023 10.06B JPY. Net income FY2024 9.62B JPY. Net income FY2025 11.78B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue490.34B JPY448.15B JPY431.91B JPY455.48B JPY403.49B JPY
Cost of goods sold434.6B JPY398.31B JPY381.77B JPY404.95B JPY356.77B JPY
Gross profit55.74B JPY49.84B JPY50.14B JPY50.54B JPY46.72B JPY
Selling, general, and administrative34.44B JPY32.13B JPY30.42B JPY28.69B JPY26.01B JPY
Operating expenses34.44B JPY32.13B JPY30.42B JPY28.69B JPY26.01B JPY
Interest income112M JPY92M JPY53M JPY36M JPY22M JPY
Interest expense1.51B JPY1.02B JPY870M JPY928M JPY878M JPY
Depreciation and amortization13.31B JPY11.96B JPY10.96B JPY11.07B JPY10.11B JPY
Operating income21.3B JPY17.7B JPY19.72B JPY21.84B JPY20.71B JPY
Net income11.78B JPY9.62B JPY10.06B JPY11.73B JPY10.79B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
65.12

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates223.8157.0390.2523.48Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 27.62, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 52.02, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 28.5, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 40.96, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 172.85, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 54.35, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 209.27, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 65.12, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates159.54B141.92B124.3B106.68BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 117.86B JPY, estimate 114.22B JPY, surprise +3.19%, Beat. Q2 2025, reported May 14, 2025: actual 112.82B JPY, estimate 116.4B JPY, surprise -3.07%, Miss. Q3 2025, reported Aug 12, 2025: actual 115.72B JPY, estimate 135.03B JPY, surprise -14.30%, Miss. Q4 2025, reported Nov 12, 2025: actual 135.82B JPY, estimate 135.19B JPY, surprise +0.47%, Beat. Q1 2026, reported Feb 13, 2026: actual 125.98B JPY, estimate 121.05B JPY, surprise +4.08%, Beat. Q2 2026, reported May 15, 2026: actual 153.41B JPY, estimate 146.17B JPY, surprise +4.95%, Beat. Q3 2026, reported Aug 7, 2026: actual 140.85B JPY, estimate 129.65B JPY, surprise +8.64%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 138.56B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥90.00

2025 complete year+63.6% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Dec 31, 2026

¥120

Annual

Record Dec 31, 2026 · Payment Dec 31, 2026

Dividend

Ex-dividend Dec 29, 2025

¥90.00

Annual

Record Dec 31, 2025 · Payment Mar 13, 2026

Dividend

Ex-dividend Dec 27, 2024

¥70.00

Annual

Record Dec 31, 2024 · Payment Mar 10, 2025

Dividend

Ex-dividend Dec 28, 2023

¥65.00

Annual

Record Dec 31, 2023 · Payment Mar 11, 2024

Dividend

Ex-dividend Dec 29, 2022

¥61.00

Annual

Record Dec 31, 2022 · Payment Mar 10, 2023

Dividend

Ex-dividend Dec 29, 2021

¥55.00

Annual

Record Dec 31, 2021 · Payment Mar 8, 2022

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