Komori
San Holdings (9628) · InitiativeRestatedLatest Financial results briefing materials (2026-10-15): "Advanced"

National Expansion and Synergy Creation through the Acquisition of Kizuna Holdings

First written in FY2025-H1. 4 of 7 entries say "Advanced", first in FY2025. Latest entry: 2026-10-15.

7entries
3years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2025-H1AdvancedFY2025RestatedFY2027-H1Advanced2026-06-18 – 2026-10-152024: 120242025: 220252026: 42026
Same theme, other companies
Investment in and Exit from the Funeral and Cemetery Management BusinessA theme 3 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-15Worsenednewspicks.com

    「きずなグループ reported revenue of ¥21.1 billion and a segment loss of ¥90 million.」

    きずなグループ was reported to have incurred a segment loss of ¥90 million against revenue of ¥21.1 billion, indicating an actual deterioration in profitability following the acquisition.
  2. FY2027-H1RestatedAnnual report

    「The きずな Group consists of ㈱きずなホールディングス, which became a consolidated subsidiary in September 2024, and its subsidiaries ㈱家族葬のファミーユ, ㈱花駒 and ㈱備前屋.」

    The きずな Group continued to be disclosed as a reportable segment. Revenue for the interim period was ¥6.943 billion, and segment profit was ¥92 million after recording ¥357 million in goodwill amortisation.
  3. FY2025AdvancedAnnual report

    「Following the consolidation of きずなホールディングス as a subsidiary, the Group's operating area expanded across 16 prefectures from Hokkaido to Kyushu, enabling it to provide reliable and trusted services throughout Japan. The number of funerals handled annually reached approximately 33,000, and the number of the Group's own halls reached 267 as of the end of March 2025, achieving the target of 210 halls for FY2031 set out in the 10-Year Vision.」

    Following the consolidation of きずなホールディングス as a subsidiary, the operating area covered 16 prefectures, annual funerals handled reached approximately 33,000, and the number of the Group's own halls reached 267. As part of post-merger integration, the Company plans to share functions and know-how and integrate and optimise overlapping functions.
  4. FY2025-H1First statedAnnual report

    「As a result of the tender offer, ㈱きずなホールディングス became a consolidated subsidiary of the Company. By making ㈱きずなホールディングス a subsidiary, the Company aims to realise a range of synergies, including ① complementary coverage of operating areas, ② growth in small-scale funerals such as family funerals, ③ lower administrative costs, and ④ new revenue opportunities through the shared use of embalming services. On 1 October 2024, the Company additionally acquired a 7.6% voting interest through a demand for the sale of shares, making ㈱きずなホールディングス a wholly owned subsidiary.」

    In September 2024, きずなホールディングス became a consolidated subsidiary with a 92.4% voting interest, and the remaining 7.6% was additionally acquired on 1 October, making it a wholly owned subsidiary. The きずな Group operated 155 halls across 11 prefectures, and following the integration, the operating area expanded to 15 prefectures, the number of the two companies' own halls reached 251, and the two companies handled approximately 30,000 funerals annually. The Company states that the objectives of the synergies are complementary coverage of operating areas, growth in small-scale funerals such as family funerals, lower administrative costs, and new revenue opportunities through the shared use of embalming services.
Moved together

"Expanding Operating Areas through a Dominant Store-Opening Strategy in Major Eastern and Western Metropolitan Areas" moved the same way as this thread, in the same document, in 3 of its 7 moves.

33332★12345
  1. ★This thread
  2. 1Expanding Operating Areas through a Dominant Store-Opening Strategy in Major Eastern and Western Metropolitan Areas3×
  3. 2Expansion of the Life-Ending Support Business3×
  4. 3Strengthening the Operating Base through New Funeral Halls and Rebuilding Projects3×
  5. 4Responding to the Small-Scale, Low-Priced Funeral Market and Building a Profitability Model3×
  6. 5Increasing Stable Dividend Levels2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
San Holdings's next results are scheduled for 2026-10-15. Read the earnings preview It last moved in the Financial results briefing materials of 2026-10-15: "Advanced".
National Expansion and Synergy Creation through the Acquisition of Kizuna Holdings | SAN HOLDINGS,INC. (9628) | Komori