Japanese’s largest funeral services provider suffers pandemic hiccup but long-term growth trajectory stays intact

There are four stocks from last year that we have kept in our new portfolio and San Holdings is one of them. The Tokyo-listed company is the largest funeral services provider in Japan. San operates four main subsidiaries which collectively make up the group. Three of the subsidiaries provide funeral services, which are Koekisha Group, the core company and largest revenue contributor; Sou-Sen Group; and Tarui Group. The other subsidiary is Holding Company Group, which leases real estate, office spaces and parking lots. San only operates in Japan, mainly in the Kansai, Osaka and Tokyo regions, along with Shimane, Hyogo and Tottori prefectures. San has a strong presence in densely populated areas such as Tokyo, which makes it a recognised name in the industry.

Apart from providing funeral halls, the funeral service business of San covers a range of services. These include providing information about funerals and graves in desired locations through websites, selling products associated with funeral rituals such as flowers and courtesy gifts, food and refreshments, and memorial service items. Besides offering services to families, it caters to the corporate sector where funerals are paid for by companies.

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