Overview
Land Transportation

SBS Holdings,Inc.

SBS Holdings is a pure holding company that operates a comprehensive logistics group in Japan, primarily focused on B-to-B logistics including 3PL/4PL services, food logistics across three temperature zones (frozen, refrigerated, ambient), transportation, same-day delivery, and international logistics. The group also operates a real estate business developing and leasing logistics facilities, and ancillary businesses including staffing, environmental/waste recycling, marketing, and solar power generation. Key operating subsidiaries include SBS Toshiba Logistics, SBS Ricoh Logistics, SBS Logikom, SBS Flek, and SBS Zentsu, among others.

Market Cap
¥237B
US$1.51B
EV
¥312B
US$1.99B
Stock¥5,970▲+2.58%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.6
x
LTM EV/EBIT
8.6
x
LTM PER
11.9
x
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+51.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
237BUS$1.51BMarket Cap101BUS$643M+ Debt39.2BUS$250M− Cash17.8BUS$113M− Inv. Sec.30.6BUS$195M+ NCI312BUS$1.99BEV
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Performance & Balance
Revenue 5Y (¥B)
403US$2.57B'21/12455US$2.90B'22/12432US$2.75B'23/12448US$2.86B'24/12490US$3.13B'25/12
EBITDA 5Y (¥B)
30.1US$192M'21/1232.0US$204M'22/1229.9US$191M'23/1229.1US$185M'24/1234.0US$217M'25/12
Net Income 5Y (¥B)
10.8US$68.8M'21/1211.7US$74.8M'22/1210.1US$64.1M'23/129.62US$61.3M'24/1211.8US$75.1M'25/12
Capital Structure
51%
49%
EquityD/E 0.96xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
35.8US$228M98.6US$629M'21/1244.6US$285M104US$664M'22/1243.0US$274M102US$648M'23/1245.4US$289M104US$666M'24/1240.3US$257M107US$681M'25/12
Shareholders
Top 10 hold 73.7%
1
Kamata Kikaku Co., Ltd.
49.57%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.27%
3
SBS Holdings,Inc. Employee Stock Ownership Association
2.97%
4
CEPLUX-THE INDEPENDENTUCITS PLATFORM 2 (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.97%
5
Masaru WASAMI
2.71%
6
Tobu Fudosan Co., Ltd.
2.52%
7
Custody Bank of Japan, Ltd. (Trust Account)
2.31%
8
Junichi OUCHI
1.26%
9
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.05%
10
Bansei Research Institute Co., Ltd.
1.03%
Management
12 officers
Masato TAICHI
Director, Managing Executive Officer (in charge of Sustainability Promotion Department, Internal Audit Department, Human Resources Department, General Affairs Department, and Logistics Quality Control Department)
As described in a. above
1961-10-24
Yasuhito TANAKA
Director, Managing Executive Officer (in charge of Corporate Planning Department, Business Development Department, and Legal Office)
As described in a. above
1964-07-31
Natsuki GOMI
Director, Executive Officer, Chief Financial Officer (CFO) (in charge of IR and Public Relations Department, Finance Department, and Accounting Department)
As described in a. above
1961-05-03
Katsuhisa WAKAMATSU
Director, Executive Officer (in charge of Group Business Strategy Department)
As described in a. above
1959-10-15
Jiro IWASAKI
Outside Director
As described in a. above
1945-12-06
Masahiko KAMATA
Representative Director, President, Representative Executive Officer
As described in a. above
1959-06-22
Yoshinobu KOSUGI
Outside Director
As described in a. above
1954-02-08
Chizu SEKINE
Outside Director
As described in a. above
1963-08-11
Yuya KAWAI
Director (Full-time Audit and Supervisory Committee Member)
As described in a. above
1962-01-23
Sachie TSUJI
Outside Director (Audit and Supervisory Committee Member)
As described in a. above
1972-04-23
Eiichiro WASHIO
Outside Director (Audit and Supervisory Committee Member)
As described in a. above
1977-01-03
Hiroshi FUJIURA
Outside Director (Audit and Supervisory Committee Member)
Oct 1990: Joined Chuo Shinko Audit Corporation (later Misuzu Audit Corporation) Mar 1994: Registered as Certified Public Accountant Mar 1997: Representative Director, Off Time Cruise Co., Ltd. (currently Brain Consulting Co., Ltd.) Mar 2001: Established Agat Consulting Co., Ltd.; Representative Director (current) Jul 2006: Established Agat Tax Accountant Corporation; Representative Partner Jul 2013: Auditor, Kamata Foundation (currently SBS Kamata Foundation) (current) Oct 2017: Outside Director, D5 Consulting Co., Ltd. (current) Feb 2012: Established Agat Innovation Co., Ltd.; Representative Director (current) Mar 2026: Outside Director (Audit and Supervisory Committee Member), the Company (current)
1965-09-12
Large Shareholding Reports
Kamada Kikaku Co., Ltd.
2026-06-04
50.07%→49.57%
Kamada Kikaku Co., Ltd.
2025-10-03
50.07%→50.07%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-06-04
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-12
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-25
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-08
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-28
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-12
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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