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  3. •

    Gas distributors
Sala Corporation

Sala Corporation

1,115.00
JPY
+6.00
(+0.54%)
61.51BMarket Cap
Jan 13Next Earn
Sala Corporation
TSE:2734
(Tokyo Stock Exchange)

Recent

price

1,115.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
3,257.43
3,409.38
3,572.57
3,570.18
3,663.94
3,386.95
3,337.88
3,720.35
3,402.83
3,456.46
3,385.12
3,600.96
3,683.49
3,788.33
3,752.21
3,917.78
- -
Revenue per Share
5.62
14.07
25.57
34
36.96
50.15
177.61
51.65
59.59
78.94
55.85
83.13
89.12
95.45
81.89
91.43
- -
Basic EPS, GAAP
-19.53
66.99
128.54
55.38
101.24
122.96
28.73
72.59
-47.88
-52.05
64.62
160.3
67.84
-18.81
43.54
74.92
- -
Free Cash Flow per Basic Share
10.04
10.04
10.01
11.03
10.04
11.03
12.03
17.74
20.49
20.21
22.1
20.85
25
28.83
26.69
33.85
- -
Dividend per Share
657.84
662.24
679.04
717.3
751.13
768.79
836.8
851.66
881.06
941.62
961.01
1,027.97
1,131.43
1,206.9
1,308.61
1,428.17
1,507.08
Book Value per Share
566.51
585.47
619.22
671.52
719.45
745.45
806.27
823.39
855.57
911.6
935.13
1,004.59
1,099.91
1,162.87
1,237.4
1,320.26
1,395.15
Tangible Book Value per Share
38
38
38
38
38
38
45
54
61
62
63
63
64
64
64
64
64
Basic Weighted Avg Shares
125,271
131,094
137,351
137,252
140,853
130,201
148,953
199,675
208,600
213,810
211,702
227,935
234,848
242,059
240,498
251,533
- -
Sales/Revenue/Turnover
0.58
0.69
1.22
1.17
1.78
2.8
1.74
2.35
2.64
2.6
2.81
2.89
2.93
2.51
2.62
2.93
- -
Operating Margin (%)
4,118
4,212
3,926
3,596
3,295
3,169
4,831
7,085
6,848
6,972
7,391
7,038
6,982
6,659
6,639
6,797
- -
Depreciation Expense
216
541
983
1,307
1,421
1,928
7,926
2,772
3,653
4,883
3,493
5,262
5,682
6,099
5,249
5,870
- -
Net Income, GAAP
52.29
31.06
47.99
34.94
43.44
46.01
12.46
34.13
31.56
34.04
38.95
32.76
31.56
33.34
30
34.13
- -
Effective Tax Rate (%)
0.17
0.41
0.72
0.95
1.01
1.48
5.32
1.39
1.75
2.28
1.65
2.31
2.42
2.52
2.18
2.33
- -
Profit Margin (%)
-10,127
-8,570
-7,922
-4,269
-3,052
-2,388
-7,688
1,874
6,562
6,989
17,976
17,080
22,319
24,351
26,292
29,661
32,195
Working Capital
18,802
16,924
14,579
15,032
15,070
13,073
33,899
37,491
42,157
42,506
48,790
41,672
40,013
38,091
41,415
48,016
50,090
LT Debt
26,482
26,641
27,192
28,716
30,124
30,931
45,534
53,126
55,338
59,668
61,708
66,698
73,352
78,644
85,617
93,565
97,757
Total Equity
0.51
0.93
1.36
1.68
2.29
3.23
2.62
2.72
3.24
2.92
2.78
3.47
3.7
3.1
3.2
3.24
- -
Return on Invested Capital (%)
0.51
1.22
1.79
2.33
2.35
3.03
9.23
2.48
3.16
4
2.7
4.12
4.53
4.67
3.83
4.02
- -
Return on Capital (%)
0.85
2.13
3.81
4.87
5.03
6.6
21.39
5.74
6.87
8.66
5.87
8.36
8.27
8.18
6.51
6.68
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Feb'24
May'24
May'26
ST Debt
21,524
15,445
18,000
LT Borrowings
36,315
41,701
50,090
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
64
64
64
Market Capitalization
50,774
51,343
61,507

Working Capital

JPY

•

in mil. unless spec.
Feb'24
May'24
May'26
Total Current Assets
85,697
87,050
94,305
Cash, Cash Equivalents & STI
21,799
25,648
29,746
Accounts Receivable, Net
33,206
29,455
32,366
Inventories
23,301
24,545
22,933
Total Current Liabilities
62,753
58,053
62,110
Payables & Accruals
- -
- -
- -
ST Debt
21,524
15,445
18,000
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.27%
8.69%
9.28%
Free Cash Flow
-55.4%
-58.79%
72.34%
Net Income, GAAP
34.69%
12.77%
11.83%
Sales/Revenue/Turnover
7.21%
3.54%
4.59%
Total Cash Common Dividend
19.77%
10.34%
27%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
59,166
59,731
- -
- -
240,498
2025
- -
- -
- -
- -
251,533
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30.29
36.95
- -
- -
81.89
2025
- -
- -
- -
- -
91.43
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
26.69
2025
- -
- -
- -
- -
33.85
2026
- -
- -
- -
- -
- -
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Business
SALA Corporation (TSE:2734), a holding company headquartered in Toyohashi, Aichi Prefecture and founded in 1909, oversees a diversified group of 45 subsidiaries that deliver energy, living, and infrastructure services primarily in eastern Aichi and western Shizuoka prefectures across Japan. The company operates through six core segments: Energy & Solutions, which supplies city gas, liquefied petroleum gas, electricity, petroleum products, high-pressure gas, and related equipment while providing transportation services, biomass power generation, water delivery, renovations, and cultural programs; Engineering & Maintenance, focused on civil engineering works including roads, tunnels, harbors, construction materials manufacturing, building services, facility management, and system development for industries; Housing, encompassing built-to-order homes, built-for-sale houses, building renovations, real estate sales, leasing, brokerage, management, and construction materials; Car Life Support, offering sales of imported automobiles such as Volkswagen and Audi, inspections, maintenance, leasing, insurance, financing, and electronic equipment manufacturing; Animal Health Care, providing stockbreeding equipment, pet pharmaceuticals, and dietetic treatments for animal health management; and Property, involving real estate leasing, restaurants, hotels, and sport clubs. SALA maintains approximately 540,000 energy customers, employs around 5,000 staff at 332 locations in 22 prefectures, and reported net sales of ¥240.4 billion for the fiscal year ended November 2024. Recent developments include the March 2024 acquisition of Dowa Chemical as a subsidiary to bolster veterinary medicines wholesaling in the Animal Health Care segment and the December 2024 consolidation of Yasue Corporation (TSE:1439) via tender offer, acquiring an 88.82% stake for ¥3.439 billion to expand construction capabilities; the company also transferred its Shinkyo Giken shares to a Suzuki subsidiary and booked a ¥699 million derivative valuation gain in fiscal 2025.