Even with the best healthcare, there is always a limit to a human being’s lifespan. For a sure bet on long-term prospects, look nowhere else than San Holdings, a Japan-listed funeral services provider, which is a leading player of its kind in a market with world’s oldest population.

SINGAPORE (Jan 23): Tokyo-listed San Holdings (San) is the largest funeral services provider in Japan. Three of its main subsidiaries, Koekisha Group, Sou-Sen Group and Tarou Group, provide funeral services. The fourth, Holding Company Group, leases real estate, office spaces, and parking lots.

The funeral services industry won’t go out of business as long as people continue dying. Coupled with inelastic demand, and a strong economic moat, San’s leading market share makes it a low-risk stock to own for the longterm. Particularly for Japan, there’s growth as well. According to data from the United Nations, Japan’s death rate, which stands at 10.9 per 1,000 people, is expected to grow by 2.0% and 1.9% annually by 2025 and 2030 respectively.

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