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Added to YB: 2026-05-05

Pitch date: 2026-05-01

6184.T [neutral]

Kamakura Shinsho, Ltd.

Author Info

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Company Info

Kamakura Shinsho, Ltd. operates a portal site that provides information services related to end of life in Japan.

Market Cap

JPY 19.8B

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

10.29

P/E

22.79

EV/Sales

1.89

Sector

Interactive Media and Services

Category

growth

Show full summary:
Crossing the river - Kamakura Shinsho, Ltd.

6184.T (watchlist): Japan's largest online funeral/grave info site. Core portals (funeral, cemetery, Buddhist altar) grew 10% but now 45% of sales as nursing care, inheritance, PPP handbooks outpaced. Acquired #2 competitor Life for ¥300M. 21% sales CAGR since 2015, 42% EBIT CAGR last 5yrs. 11.3x EV/EBIT (adj for cash), 46% ROE ex-cash, 4.2% yield. Sompo alliance (10% stake) for cross-sell. Risks: 0.5% online penetration, Google SEO dependence, falling funeral AOV, competitive inheritance segment. Mgmt targets ¥50B sales/¥10B op profit by 2035. Needs clarity on Sompo synergies & cross-sell execution before entry.

Read full article (12 min)