9628
SAN HOLDINGS,INC.
燦ホールディングス株式会社
Services
SAN Holdings, Inc. provides funeral services in Japan. The company offers a line of services and support before and after funerals, including consultation and assistance in inheritance and other procedures, a residence, and other matters; real estate management services; and conducts farewell events. SAN Holdings, Inc. was founded in 1932 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2026
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
—
¥32.0B
¥22.4B
¥21.7B
¥20.0B
SG&A
—
¥3.2B
¥1.5B
¥1.5B
¥1.3B
Operating Income
¥59.3B
¥4.5B
¥3.8B
¥3.9B
¥3.4B
Non-Operating Income
—
¥95M
¥58M
¥31M
¥51M
Dividend Income
—
¥0M
¥0M
¥0M
¥0M
Interest Income
—
¥4M
¥2M
¥2M
¥2M
Non-Operating Expenses
—
¥254M
¥47M
¥56M
¥41M
Interest Expense
—
¥79M
¥0M
¥0M
¥0M
Ordinary Income
¥59.3B
¥4.4B
¥3.8B
¥3.8B
¥3.4B
Pre-tax Income
—
¥7.4B
¥3.6B
¥4.1B
¥3.2B
Income Taxes
—
¥2.7B
¥1.3B
¥1.3B
¥1.1B
Current Tax
—
¥2.9B
¥1.4B
¥1.3B
¥1.2B
Deferred Tax
—
¥-218M
¥-91M
¥22M
¥-103M
Net Income (owners)
¥1M
¥4.7B
¥2.4B
¥2.8B
¥2.0B
Comprehensive Income
—
¥4.7B
¥2.4B
¥2.8B
¥2.0B
EBITDA
—
¥6.4B
¥4.7B
¥4.8B
¥4.2B
Goodwill Amort. (J-GAAP)
—
¥380M
—
—
—
EPS
—
¥230.96
¥114.38
¥263.84
¥187.60
Shares Outstanding
—
20.7M
20.7M
10.6M
10.8M
Shares Issued (total)
—
23.0M
23.4M
11.7M
12.2M
Treasury Shares
—
2.3M
2.7M
1.1M
1.4M
Metric
FY 2026
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
—
¥63.1B
¥37.6B
¥36.2B
¥33.8B
Current Assets
—
¥15.3B
¥11.8B
¥11.0B
¥8.7B
Cash & Deposits
—
¥12.7B
¥9.8B
¥9.2B
¥7.4B
Non-Current Assets
—
¥47.8B
¥25.8B
¥25.2B
¥25.1B
PP&E
—
¥31.6B
¥22.5B
¥22.5B
¥22.7B
Goodwill
—
¥11.3B
¥233M
—
—
Intangible Assets
—
¥12.9B
¥799M
¥398M
¥218M
Investment Securities
—
¥162M
¥120M
¥85M
—
Deferred Tax Assets
—
¥751M
¥648M
¥551M
¥574M
Total Liabilities
—
¥25.9B
¥4.7B
¥4.6B
¥4.2B
Current Liabilities
—
¥9.7B
¥3.6B
¥3.6B
¥3.0B
ST Debt
—
¥3.0B
—
—
—
Taxes Payable
—
¥2.3B
¥685M
¥666M
¥558M
Non-Current Liabilities
—
¥16.2B
¥1.1B
¥1.1B
¥1.2B
Total LT Borrowings
—
¥13.6B
—
—
—
Total Equity
—
¥37.2B
¥32.9B
¥31.6B
¥29.6B
Capital Stock
—
¥2.6B
¥2.6B
¥2.6B
¥2.6B
Capital Surplus
—
¥5.5B
¥5.5B
¥5.5B
¥5.5B
Retained Earnings
—
¥31.0B
¥27.0B
¥25.2B
¥23.4B
Treasury Stock
—
¥-1.9B
¥-2.2B
¥-1.6B
¥-1.8B
Equity (owners)
—
¥37.2B
¥32.9B
¥31.6B
¥29.6B
Total Interest-Bearing Debt ⓘ
—
¥16.6B
—
—
—
Net Cash ⓘ
—
¥-4.0B
¥9.8B
¥9.2B
¥7.4B
NCAV ⓘ
—
¥-10.6B
¥7.1B
¥6.4B
¥4.5B
NCAV/Share
—
¥-512
¥345
¥606
¥416
BV/Share
—
¥1,794
¥1,590
¥2,979
¥2,742
Metric
FY 2026
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
—
¥5.5B
¥3.2B
¥3.3B
¥3.0B
Interest Paid
—
¥-79M
¥0M
¥0M
¥0M
Interest Received
—
¥24M
¥0M
¥0M
¥0M
D&A
—
¥1.5B
¥941M
¥882M
¥868M
Goodwill Amort.
—
¥380M
—
—
—
Investing CF
—
¥-12.1B
¥-1.4B
¥-594M
¥-1.5B
CapEx
—
¥2.2B
¥942M
¥780M
¥1.3B
Purchase Investments
—
¥-228M
—
—
—
Financing CF
—
¥9.5B
¥-1.2B
¥-923M
¥-1.1B
Dividends Paid
—
¥-496M
¥-485M
¥-450M
¥-377M
Share Buybacks
—
¥0M
¥-662M
¥-387M
¥-599M
LT Debt Repaid
—
¥-724M
—
—
¥-5M
Free Cash Flow
—
¥3.3B
¥2.2B
¥2.5B
¥1.6B
Net Change in Cash
—
¥2.9B
¥568M
¥1.7B
¥396M
Metric
FY 2026
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
—
13.5%
7.3%
9.1%
6.9%
ROA
—
9.4%
6.4%
7.9%
6.0%
EPS
—
¥230.96
¥114.38
¥263.84
¥187.60
DPS
—
¥37.00
¥35.00
¥44.00
¥38.00
BPS
—
¥1,816.41
¥1,610.89
¥3,016.92
¥2,777.16
FCF/Share
—
¥158
¥108
¥234
¥152
NCAV/Share
—
¥-512
¥345
¥606
¥416
Payout Ratio
—
16.0%
30.6%
16.7%
20.3%
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-15
16:00
Buyback
¥500M 1.7%
Tsugarusha HOLDINGS,INC. (9628) resolved to repurchase up to 400,000 shares (1.67% of outstanding) for a maximum of ¥500…
Summary
Tsugarusha HOLDINGS,INC. (9628) resolved to repurchase up to 400,000 shares (1.67% of outstanding) for a maximum of ¥500 million through market purchases on the Tokyo Stock Exchange from May 18 to October 31, 2026. The buyback aims to enhance shareholder returns and capital efficiency while enabling flexible capital management in response to changing business conditions.
Deadline: 2026-10-31
% of Shares: 1.7%
Shares: 400,000
Source (JP)
自己株式の取得を行う理由:株主の皆様への利益還元の充実と資本効率の向上を図るとともに、経営環境の変化に対応した機動的な資本政策を遂行するため。取得し得る株式の総数:400,000株(上限)(発行済株式総数(自己株式を除く)に対する割合 1.67%)。株式の取得価額の総額:500百万円(上限)。取得期間:2026年5月18日から2026年10月31日
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社
2,205
10.64%
2
Japan Custody Bank
株式会社日本カストディ銀行
1,272
6.14%
3
銀泉株式会社
1,118
5.40%
4
株式会社公益社(京都)
912
4.40%
5
久後 陽子
793
3.83%
6
久後 吉孝
639
3.08%
7
久後 隆司
609
2.94%
8
小西 光治
471
2.27%
9
Sumitomo Life Insurance
住友生命保険相互会社
465
2.25%
10
株式会社SMBC信託銀行
404
1.95%
Domestic Nominees
16.8%
+0.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
26.1%
-0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
9.97%
10.06%
10.64%
+0.58%
Japan Custody Bank
日本カストディ銀行
6.49%
6.40%
6.14%
-0.26%
銀泉
5.27%
5.41%
5.40%
-0.01%
式会社公益社(京都)
4.30%
4.42%
4.40%
-0.02%
久後 陽子
2.54%
3.84%
3.83%
-0.01%
久後 吉孝
3.01%
3.09%
3.08%
-0.01%
久後 隆司
—
3.01%
2.94%
-0.07%
小西 光治
2.22%
2.28%
2.27%
-0.01%
Sumitomo Life Insurance
住友生命保険
2.19%
2.29%
2.25%
-0.04%
式会社SMBC信託銀行
—
1.95%
1.95%
久後 豊子
last seen 2023
Exited Top 10
3.34%
—
—
播島 幹長
last seen 2023
Exited Top 10
1.91%
—
—
Concentration (HHI)
ⓘ
228
239
246
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved