Added to YB: 2026-09-22
Pitch date: 2026-09-18
4443.T [neutral]
Sansan, Inc.
Author Info
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Company Info
Sansan, Inc. engages in the planning, development, and selling of cloud-based solutions in Japan. The company offers Sansan, a cloud-based solution that manages business cards and contacts, andonline activity, as well as meeting history, enabling the sharing of this data companywide to increase net sales while reducing costs; Bill One, a cloud-based solution to redefine the invoices; Contract One, a contract management AX solution; Eight, an app to share virtual card with anyone; and Sansan Data Intelligence, a data quality management solution.
Market Cap
JPY 268.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.42
P/E
40.40
EV/Sales
4.36
Sector
Software
Category
growth
Sansan (4443): From Narrative to Fundamentals Adjusted Operating Profit +137%, EV/EBITDA Falls from 125.5x to 19.2x
4443.T (monitor): Sansan is shifting from narrative-led SaaS valuation toward measurable earnings: FY2025 revenue rose 24.4%, adjusted operating profit 137%, and margin reached 15.7%. EV/EBITDA fell from 125.5x in FY2022 to 19.2x in FY2025 and is 16.0x on FY2026 guidance, though the stock is not clearly cheap. Bill One’s expected profitability is the key proof point, while Contract One’s -184.9% margin remains a material risk.
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