GoAI
Get started
HS Holdings Co., Ltd. logo

HS Holdings Co., Ltd.

8699.T

JPXFinancial ServicesBanks - Regional

Open in GoAI

Latest quote

¥1,135

+¥5.00 · +0.44%

Aug 24, 3:30 PM JST

8699.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

HS Holdings Co., Ltd. provides merger and acquisition intermediary services in Japan. The company offers business succession consulting, business investment management, venture investment, and business revitalization consulting services. It also imports and exports watches and precious metals. The company was formerly known as Sawada Holdings Co., Ltd. HS Holdings Co., Ltd. was founded in 1958 and is based in Tokyo, Japan.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
JP
CEO
Hiromi Yamaji
Listed since
Oct 13, 2004
Employees
706

Market position

Volume
24.6K
0.26× average
Average volume
93.41K
Average daily volume
Market cap
34.16B JPY
Beta
0.02
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
2.41×
P/B (TTM)
0.33×
P/S (TTM)
0.52×
Dividend yield
0.88%

Profitability & efficiency

Gross margin
16.40%
Operating margin
0.52%
Net margin
21.66%

Financial health

Debt / equity
0.02×
Altman Z-score
2.65
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends105%67%29%-10%Gross margin, FY2021: 65.06%Gross margin, FY2022: 70.75%Gross margin, FY2023: 83.60%Gross margin, FY2024: 95.54%Gross margin, FY2025: 15.94%Operating margin, FY2021: 29.08%Operating margin, FY2022: 39.55%Operating margin, FY2023: 30.30%Operating margin, FY2024: 38.55%Operating margin, FY2025: -0.14%Net margin, FY2021: 10.47%Net margin, FY2022: 14.53%Net margin, FY2023: 18.75%Net margin, FY2024: 31.26%Net margin, FY2025: 25.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 65.06%. Gross margin FY2022 70.75%. Gross margin FY2023 83.60%. Gross margin FY2024 95.54%. Gross margin FY2025 15.94%. Operating margin FY2021 29.08%. Operating margin FY2022 39.55%. Operating margin FY2023 30.30%. Operating margin FY2024 38.55%. Operating margin FY2025 -0.14%. Net margin FY2021 10.47%. Net margin FY2022 14.53%. Net margin FY2023 18.75%. Net margin FY2024 31.26%. Net margin FY2025 25.25%.

Income trends

Revenue

58.16B JPY+50.25%

Operating income

−80M JPY−15.01B JPY

Net income

14.69B JPY+21.40%
Income trends across reported periods86.12B JPY54.77B JPY23.43B JPY−7.92B JPYRevenue, FY2021: 62.5B JPYRevenue, FY2022: 78.28B JPYRevenue, FY2023: 50.48B JPYRevenue, FY2024: 38.71B JPYRevenue, FY2025: 58.16B JPYOperating income, FY2021: 18.17B JPYOperating income, FY2022: 30.96B JPYOperating income, FY2023: 15.3B JPYOperating income, FY2024: 14.93B JPYOperating income, FY2025: −80M JPYNet income, FY2021: 6.55B JPYNet income, FY2022: 11.37B JPYNet income, FY2023: 9.46B JPYNet income, FY2024: 12.1B JPYNet income, FY2025: 14.69B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 62.5B JPY. Revenue FY2022 78.28B JPY. Revenue FY2023 50.48B JPY. Revenue FY2024 38.71B JPY. Revenue FY2025 58.16B JPY. Operating income FY2021 18.17B JPY. Operating income FY2022 30.96B JPY. Operating income FY2023 15.3B JPY. Operating income FY2024 14.93B JPY. Operating income FY2025 −80M JPY. Net income FY2021 6.55B JPY. Net income FY2022 11.37B JPY. Net income FY2023 9.46B JPY. Net income FY2024 12.1B JPY. Net income FY2025 14.69B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue58.16B JPY38.71B JPY50.48B JPY78.28B JPY62.5B JPY
Cost of goods sold48.89B JPY1.73B JPY8.28B JPY22.9B JPY21.84B JPY
Gross profit9.27B JPY36.99B JPY42.2B JPY55.39B JPY40.66B JPY
Selling, general, and administrative—6.72B JPY8.44B JPY10.24B JPY5B JPY
Operating expenses9.35B JPY22.06B JPY26.9B JPY24.43B JPY22.49B JPY
Interest income1.85B JPY1.93B JPY16.76B JPY58.32B JPY46.52B JPY
Interest expense17M JPY1.73B JPY8.28B JPY22.9B JPY21.84B JPY
Depreciation and amortization1.27B JPY1.14B JPY1.75B JPY3.62B JPY3.04B JPY
Operating income−80M JPY14.93B JPY15.3B JPY30.96B JPY18.17B JPY
Net income14.69B JPY12.1B JPY9.46B JPY11.37B JPY6.55B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
104.84

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates135.29114.2193.1372.05Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 29, 2024: actual 77.25, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 28, 2025: actual 130.09, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 92.67, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 30, 2025: actual 121.62, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 119.1, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 129.02, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 118.31, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 104.84, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates17.62B14.54B11.47B8.39BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 29, 2024: actual 9.62B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 28, 2025: actual 9.07B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 9.95B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 30, 2025: actual 9.62B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 15.52B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 16.19B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 16.55B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 16.94B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥10.00

2025 complete year-16.7% since 2021

2026 partial: ¥10.00

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Mar 30, 2026

¥10.00

Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Mar 28, 2025

¥10.00

Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Mar 28, 2024

¥10.00

Annual

Record Mar 31, 2024 · Payment Jun 27, 2024

Dividend

Ex-dividend Mar 30, 2023

¥10.00

Annual

Record Mar 31, 2023 · Payment Jun 29, 2023

Dividend

Ex-dividend Mar 30, 2022

¥10.00

Annual

Record Mar 31, 2022 · Payment Jun 29, 2022

Dividend

Ex-dividend Mar 30, 2021

¥12.00

Annual

Record Mar 31, 2021 · Payment Jun 30, 2021

8699.T peers

Mitsubishi UFJ Financial Group, Inc. logo

8306.T

Mitsubishi UFJ Financial Group, Inc.

¥3,481

-0.77%

Sumitomo Mitsui Financial Group, Inc. logo

8316.T

Sumitomo Mitsui Financial Group, Inc.

¥6,593

-0.20%

Mizuho Financial Group, Inc. logo

8411.T

Mizuho Financial Group, Inc.

¥8,108

-0.02%

Tokio Marine Holdings, Inc. logo

8766.T

Tokio Marine Holdings, Inc.

¥7,261

-1.17%

JAPAN POST BANK Co., Ltd. logo

7182.T

JAPAN POST BANK Co., Ltd.

¥3,151

0.00%

MS&AD Insurance Group Holdings, Inc. logo

8725.T

MS&AD Insurance Group Holdings, Inc.

¥4,927

-0.36%

Continue in GoAI

Research 8699.T

research.disclaimer