Overview
Retail Trade

SUGI HOLDINGS Co.,LTD.

Sugi Holdings is the holding company of the Sugi Pharmacy Group, which operates over 2,200 community-based drugstores (drug stores with in-store dispensing pharmacies) across Japan under its core subsidiary, Sugi Pharmacy Co., Ltd. The Group offers a comprehensive health support ecosystem spanning over-the-counter pharmaceuticals, health foods, cosmetics, daily necessities, and prescription dispensing services, with approximately 79.9% of stores featuring in-store pharmacies processing nearly 19.56 million prescriptions annually. Beyond retail, the Group conducts medical consulting, home nursing care, disease prevention support, overseas trade (primarily in Asia), Kampo herbal medicine, and rare disease patient support platform operations through its diversified subsidiaries.

Market Cap
¥467B
US$2.98B
EV
¥411B
US$2.62B
Stock¥1,256▲+1.74%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.1
x
LTM EV/EBIT
8.3
x
LTM PER
15.9
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.3%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 19, 26Market-wide: Decline in line with TOPIX
2Jul 10, 26Q1 FY2027/02 earnings announced
3Aug 28, 261-for-2 stock split; ex-rights adjustment halved theoretical share price
MC → EV Bridge
467BUS$2.98BMarket Cap94.3BUS$602M+ Debt119BUS$756M− Cash32.1BUS$205M− Inv. Sec.0.02BUS$0.11M+ NCI411BUS$2.62BEV
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Performance & Balance
Revenue 5Y (¥B)
625US$3.99B'22/2668US$4.26B'23/2744US$4.75B'24/2878US$5.60B'25/21,010US$6.44B'26/2
EBITDA 5Y (¥B)
43.4US$277M'22/244.0US$281M'23/250.7US$324M'24/259.1US$377M'25/266.2US$422M'26/2
Net Income 5Y (¥B)
19.4US$124M'22/219.0US$121M'23/222.0US$140M'24/225.7US$164M'25/245.0US$287M'26/2
Capital Structure
77%
23%
EquityD/E 0.30xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
67.1US$428M'22/268.1US$434M'23/258.4US$373M0.84US$5.34M'24/266.7US$426M47.7US$304M'25/2144US$918M96.5US$615M'26/2
Shareholders
Top 10 hold 68.7%
1
Sugi Shoji Co., Ltd.
36.40%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.83%
3
Sugi Asset Co., Ltd.
4.87%
4
Custody Bank of Japan, Ltd. (Trust Account)
3.35%
5
CEP LUX-ORBIS SICAV (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.86%
6
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
2.79%
7
GIC PRIVATE LIMITED - C (EQ FROM 3RD PARTY ALLOCATION; Standing Proxy: MUFG Bank, Ltd.)
2.73%
8
GIC PRIVATE LIMITED - C (Standing Proxy: MUFG Bank, Ltd.)
2.11%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.72%
10
J.P. MORGAN BANK LUX EMBOURG S.A. 385598 (Standing Proxy: Mizuho Bank, Ltd.)
1.06%
Management
11 officers
Eiichi SAKAKIBARA
Chairman of the Board
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1956-08-14
Katsunori SUGIURA
Representative Director, President
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1978-10-14
Shinya SUGIURA
Representative Director, Vice President
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1979-11-30
Toshihiko SAKAMOTO
Full-time Audit & Supervisory Board Member
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1946-10-25
Shigeyuki KANNO
Director
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1947-05-23
Shiro UCHIDA
Director
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1955-04-02
Hideaki TAKAISHI
Director
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1958-10-07
Kayori OURA
Director
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1975-10-27
Toshiaki SHIMURA
Full-time Audit & Supervisory Board Member
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1963-09-28
Ryoko HAYAMA
Audit & Supervisory Board Member
See "a. Status of Directors and Officers as of May 20, 2026 (Filing Date of Securities Report)"
1959-10-07
Masahiro NAKAMURA
Audit & Supervisory Board Member
Apr 1974 Joined Nagoya Sogo Bank, Ltd. (now The Nagoya Bank, Ltd.) Jun 2003 Executive Officer, General Manager of Operations & Systems Department, the same bank Jun 2005 Director, General Manager of Operations & Systems Department, the same bank Jun 2007 Managing Director, the same bank Jun 2009 Senior Managing Director, the same bank Apr 2011 Director, Deputy President, the same bank Jun 2013 Director, President, the same bank Jun 2017 Advisor, the same bank Nov 2017 Outside Audit & Supervisory Board Member, AVANTIA Co., Ltd. (current) Jun 2025 Director, Tokai Gakuen School Corporation (current) Jul 2025 Outside Director, JSB Tech Co., Ltd. (current)
1952-02-28
Large Shareholding Reports
Massachusetts Financial Services Company
2026-09-04
5.00%→2.78%
Massachusetts Financial Services Company
2026-08-06
6.12%→5.00%
Boston Partners Global Investors, Inc.
2026-06-19
3.19%
Orbis Investment Management Limited
2026-06-05
5.01%
Sugi Shoji Co., Ltd.
2026-05-13
35.65%→35.65%
Annual report (as of 2026-08-31): 36.40%
Sugi Shoji Co., Ltd.
2026-05-13
35.65%→35.65%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 36.40%
Sugi Shoji Co., Ltd.
2026-05-07
35.65%→35.65%
Annual report (as of 2026-08-31): 36.40%
Sugi Shoji Co., Ltd.
2025-12-18
35.65%→35.65%
Annual report (as of 2026-08-31): 36.40%
Massachusetts Financial Services Company
2025-11-19
5.05%→6.12%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-08
Q2 Earnings Flash
FY ending Feb 2027
EDINET
2026-09-04
Large Shareholding Report
EDINET
2026-08-06
Large Shareholding Report
EDINET
2026-07-09
Securities Registration Statement
TDnet
2026-07-09
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-20
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINETAmended
2026-05-13
Change Report
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-07
Large Shareholding Report
EDINET
2026-04-15
中期経営計画
FY ending Feb 2027
TDnet
2026-01-08
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-11-19
Large Shareholding Report
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-10
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-28
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnetAmended
2025-04-10
Q3 Earnings Flash
FY ending Feb 2025
TDnetAmended
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
TDnet
2025-01-09
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-10
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-06-25
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-22
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-11
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-13
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-31
Annual Securities Report
Period: Mar 2022 – Feb 2023
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