Overview
Wholesale Trade

SINANEN HOLDINGS CO.,LTD.

Sinanen Holdings is a Japan-based integrated energy and lifestyle services group operating across three core segments: BtoC energy retail (LP gas, electricity, and city gas supply to households, along with home renovation and appliance sales), BtoB energy solutions (petroleum product distribution, solar power generation, and housing equipment sales to corporate clients), and non-energy businesses (bicycle retail and share-cycle services, environmental/recycling, antimicrobial products, and facility management). The group serves both residential and commercial customers nationwide through a network of specialized subsidiaries. Its competitive strength lies in its broad product portfolio spanning traditional fuel distribution and emerging clean energy solutions, complemented by diversified non-energy service businesses.

Market Cap
US$479M
¥76.5B
EV
US$328M
¥52.4B
StockUS$44.21(¥7,060)▼-5.99%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
10.4
x
LTM PER
14.5
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-8.3%pt
1001
Nov 13, 25 – Nov 13, 26StockTOPIX
1Aug 12, 26Q1 FY2027/03 earnings announced; Board approved share buyback and cancellation
MC → EV Bridge
US$479M¥76.5BMarket CapUS$30.3M¥4.84B+ DebtUS$85.5M¥13.7B− CashUS$95.8M¥15.3B− Inv. Sec.US$0.15M¥0.02B+ NCIUS$328M¥52.4BEV
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Performance & Balance
Revenue 5Y (US$)
US$1.81B¥289B'22/3US$2.14B¥342B'23/3US$2.18B¥348B'24/3US$1.99B¥317B'25/3US$1.87B¥299B'26/3
EBITDA 5Y (US$)
US$40.1M¥6.40B'22/3US$24.9M¥3.97B'23/3US$15.3M¥2.45B'24/3US$45.6M¥7.28B'25/3US$47.9M¥7.64B'26/3
Net Income 5Y (US$)
US$15.6M¥2.49B'22/3US$2.99M¥0.48B'23/3-US$6.51M¥-1.04B'24/3US$19.7M¥3.15B'25/3US$27.8M¥4.44B'26/3
Capital Structure
92%
EquityD/E 0.08xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$112M¥17.8BUS$34.6M¥5.53B'22/3US$110M¥17.6BUS$43.5M¥6.94B'23/3US$129M¥20.7BUS$76.8M¥12.3B'24/3US$126M¥20.2BUS$34.3M¥5.48B'25/3US$184M¥29.4BUS$30.9M¥4.93B'26/3
Business Segments
2026/03 · US$ (¥B)
70%
Solution energy business
Revenue
US$1.36B(¥217B)
Segment profit
US$9.81M(¥1.57B)0.7%
23%
Wholesale, retail energy and peripheral business
Revenue
US$447M(¥71.4B)
Segment profit
US$8.37M(¥1.34B)1.9%
7.5%
Non-energy business
Revenue
US$147M(¥23.5B)
Segment profit
US$6.65M(¥1.06B)4.5%
Adjustments
Revenue
-US$83.1M(¥-13.3B)
Segment profit
US$2.74M(¥0.44B)
No segment changes in the last 5 years
Shareholders
Top 10 hold 65.5%
1
UHPartners 2 Investment Limited Partnership
9.83%
2
NOI Investment Limited Partnership
8.87%
3
UHPartners 3 Investment Limited Partnership
7.53%
4
SIL Investment Limited Partnership
7.50%
5
Cosmo Oil Marketing Co., Ltd.
7.26%
6
Hikari Tsushin KK Investment Limited Partnership
6.44%
7
Meiji Yasuda Life Insurance Company (Standing Proxy: Japan Custody Bank, Ltd.)
6.18%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.67%
9
Business Partners' Stock Ownership Association
3.75%
10
RINNAI CORPORATION
3.44%
Management
7 officers
Taro NAKAGOME
Representative Director, President and Executive Officer
Apr 1997 Joined the Company Feb 2012 Representative Director, President, Indes Co., Ltd. May 2018 Representative Director, President, Indes Co., Ltd. and Representative Director, President, Yutex Co., Ltd. Jun 2020 Representative Director, President, Takara Building Maintenance Co., Ltd. and Representative Director, President, Indes Co., Ltd. and Representative Director, President, Yutex Co., Ltd. Jun 2021 Representative Director, President, Takara Building Maintenance Co., Ltd. Oct 2023 Representative Director, President, Sinanen Axia Co., Ltd. Jun 2024 Representative Director, President and CEO, the Company Jun 2025 Representative Director, President, the Company Apr 2026 Representative Director, President and Executive Officer, the Company (current)
1973-04-09
Tetsuya NAKAMURA
Director, Senior Managing Executive Officer
Apr 1982 Joined The Mitsubishi Bank, Ltd. (currently Mitsubishi UFJ Bank, Ltd.) Feb 2011 Transferred to Mitsubishi UFJ Securities Co., Ltd. (currently Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Jun 2011 Executive Officer, Mitsubishi UFJ Securities Co., Ltd. Jun 2016 Managing Director, Mitsubishi UFJ Securities Co., Ltd.; Managing Director, Mitsubishi UFJ Securities Holdings Co., Ltd.; Executive Officer, Mitsubishi UFJ Financial Group, Inc. Oct 2019 Joined the Company Apr 2020 General Manager, Internal Audit Department, the Company Jun 2024 Director, CCO, the Company Jun 2025 Director, the Company Apr 2026 Director, Senior Managing Executive Officer, the Company (current)
1959-07-13
Nobuhiro NAKAGAWA
Director, Managing Executive Officer
Apr 1993 Joined the Company Dec 2008 Representative Director, Kinki Cosmo Gas Co., Ltd. (seconded) Apr 2010 Representative Director, Kansai Sinanen Gas Sales Co., Ltd. (seconded) Apr 2011 Representative Director, Mylife Kansai Co., Ltd. (seconded) Apr 2015 Kansai Branch Manager, Mylife Nishi-Nihon Co., Ltd. Apr 2018 Keihan Branch Manager, Mylife Nishi-Nihon Co., Ltd. Apr 2019 Executive Officer, General Manager, Sales Division, Mylife Nishi-Nihon Co., Ltd. Apr 2020 Representative Director, Mikawa Shinagawa Fuel Co., Ltd. (seconded) Mar 2022 Representative Director, President, Mylife Nishi-Nihon Co., Ltd. Apr 2026 Managing Executive Officer, the Company; Representative Director, President and Executive Officer, Sinanen Co., Ltd. Jun 2026 Director, Managing Executive Officer, the Company; Representative Director, President and Executive Officer, Sinanen Co., Ltd. (current)
1968-04-30
Yuichiro MUNAKATA
Director, Audit and Supervisory Committee Member
Mar 1993 Registered as Certified Public Accountant Jun 1993 Joined Ohta Showa Audit Corporation (currently EY ShinNihon LLC) Jul 1998 Stationed at Ernst & Young LLP, New York Office May 2000 Partner, Ohta Showa Century Audit Corporation (currently EY ShinNihon LLC) Dec 2001 Obtained U.S. Certified Public Accountant qualification Jul 2014 Account Leader, EY Japan Area, and Member, Management Committee, ShinNihon LLC (currently EY ShinNihon LLC) Sep 2016 Deputy Leader, Assurance, EY Japan Area, ShinNihon LLC Apr 2018 General Manager, FAAS Business Division, ShinNihon LLC May 2018 Representative Director, EY Solutions Co., Ltd. Nov 2022 Outside Director (Audit and Supervisory Committee Member), Kasumigaseki Capital Co., Ltd. (current) Jun 2023 Outside Director, the Company Jun 2024 Outside Audit & Supervisory Board Member, Santen Pharmaceutical Co., Ltd. (current); Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1960-01-05
Hiroyuki OHASHI
Director, Audit and Supervisory Committee Member
Apr 2009 Joined Koshin Tsushin Co., Ltd. (Hikari Tsushin, Inc.); General Manager, Industry-Specialized Business Division, Corporate Business Headquarters Aug 2016 Director, ME Mobile Co., Ltd. Apr 2017 General Manager, Alliance & Finance Department, Sales Headquarters, Hikari Tsushin, Inc. Apr 2018 Executive Officer, Alliance & Finance Department, Sales Headquarters, Hikari Tsushin, Inc. Jun 2019 Director, F.T. Group Co., Ltd. Jun 2020 Representative Director, President, HBD Co., Ltd. Apr 2021 Director, Chic Holdings Co., Ltd. Apr 2022 Senior Executive Officer, Hikari Tsushin, Inc.; Representative Director, Daini Tsushin Co., Ltd. (current); Director, DLX Holdings Co., Ltd. (currently Archie Co., Ltd.) Jun 2023 Director, EPARK Co., Ltd.; Director, N-STAFF Co., Ltd. (currently Archie Co., Ltd.) Jan 2024 Managing Executive Officer, Hikari Tsushin, Inc. (current) Apr 2024 Representative Director, H-Power Holdings Co., Ltd. Jun 2024 Outside Director, the Company Ddirector, HCMA Alpha Co., Ltd. (current) Feb 2026 Representative Director, Hikari Tsushin Asset Partners Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1976-06-19
Tomoko NANBU
Director, Audit and Supervisory Committee Member
Nov 2000 Passed the National Bar Examination Oct 2002 Completed Legal Training and Research Institute; Registered as Attorney-at-Law; Joined Riverside Law Office Nov 2005 Registered as Patent Attorney May 2008 Completed LL.M., University of Pennsylvania Law School Sep 2008 Deputy Section Chief, Economic Treaties Division, Treaties Bureau, Ministry of Foreign Affairs (fixed-term civil servant) May 2010 Registered as Attorney-at-Law, State of New York, U.S. Sep 2015 Member, Subcommittee on Information Dissemination and Utilization, Intellectual Property Division, Industrial Structure Council Nov 2016 Member, Subcommittee on Security Export Control, Trade and Investment Division, Industrial Structure Council Aug 2021 Outside Director, Takayoshi Co., Ltd. Oct 2024 Member, Ethics Review Committee, House of Representatives Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1976-02-07
Hidehiko NISHIYAMA
Director, Audit and Supervisory Committee Member
Apr 1980 Joined the Ministry of International Trade and Industry (currently Ministry of Economy, Trade and Industry) Jun 1984 Completed LL.M., Harvard Law School Jul 2006 Director, General Affairs Division, Minister's Secretariat, METI Jul 2007 Director General, Electricity and Gas Industries Department, Agency for Natural Resources and Energy Jul 2009 Deputy Minister, Trade Policy Bureau, Minister's Secretariat Dec 2009 Japanese Representative (Chair), APEC Senior Officials' Meeting (SOM) Nov 2011 Deputy Director, Fukushima Decontamination Promotion Team, Water and Air Environment Bureau, Ministry of the Environment Jun 2013 Retired from METI Sep 2013 Chief Staff, Planning Office, Yazaki Corporation Sep 2015 Vice President, Yazaki Brasil Ltda. Oct 2022 Senior Advisor, Yamato Energy & Infrastructure Co., Ltd. Apr 2023 Registered as Attorney-at-Law Jun 2025 Outside Audit & Supervisory Board Member, Shinwa Alcohol Industry Co., Ltd. (current); Outside Audit & Supervisory Board Member, Japan Alcohol Logistics Co., Ltd. (current); Outside Audit & Supervisory Board Member, Alcohol Marine Warehouse Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1956-12-29
Large Shareholding Reports
UH Partners 2
2026-09-29
9.67%→9.73%
UH Partners 2 Co., Ltd.
2026-05-01
9.67%→9.67%
UH Partners 2 Co., Ltd.
2025-11-10
8.94%→9.67%
UH Partners 2 Co., Ltd.
2025-09-29
8.94%→8.94%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-13
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-11
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-09-29
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-10
Securities Registration Statement
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-14
Full-Year Earnings Flash
FY ending Mar 2026
EDINET
2026-05-01
Large Shareholding Report
TDnet
2026-03-31
業績予想の修正
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-09-29
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-31
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-23
Amended Annual Securities Report
EDINETAmended
2022-12-23
Amended Annual Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
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