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Japanese cloud software company best known for digitizing and managing business-card contact data (Sansan).
Japanese cloud software company best known for digitizing and managing business-card contact data (Sansan).
Sells by subscription to companies, so revenue recurs and grows as customers add users and modules; Sansan is the original product and Bill One, which captures incoming invoices, is the faster-growing one. Eight, a business-card app for individuals, has its own paid plans.
In one line: A Japanese mashup of CamCard and Salesforce contact management.
Moat: narrow (network effects, data, switching costs). Large proprietary contact/company database and embedded sales workflows create switching costs.
Headquarters: Tokyo, Japan · Founded: 2007 · Employees: 2,336
Size Sansan (4443.T) is a Japan Information Technology company (Packaged Software) with a market value of $1.67B, the 535th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,071 on 6 Nov 2026.
Performance Over six months the shares gained 65.0%, against -7.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 22.5% over the last twelve months (peer median +17.3%); the operating margin is 17.8% (peer median 12.0%).
Valuation It trades at 27.4× forward earnings against a peer median of 26.9× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -7 pp: the price already allows for a slowdown.
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥56.2B | ¥53.8B | ¥43.2B | ¥33.9B | ¥25.5B |
| Revenue growth | — | +24% | +28% | +33% | — |
| Gross profit | ¥49.4B | ¥47.3B | ¥37.4B | ¥28.8B | ¥21.8B |
| EBITDA | ¥11.0B | ¥9.22B | ¥3.87B | ¥2.34B | ¥1.14B |
| Net income | ¥8.03B | ¥6.78B | ¥423M | ¥952M | -¥141M |
| Free cash flow | n/a | ¥9.44B | ¥7.42B | ¥5.27B | ¥3.65B |
| Capital expenditure | n/a | ¥877M | ¥2.70B | ¥565M | ¥680M |
| Total debt | ¥2.58B | ¥3.10B | ¥4.04B | ¥4.59B | ¥3.55B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sansan 4443.T | $1.67B | +65% | +22% | 18% | 27.4× | 20.3% |
| Money Forward 3994.T | $2.52B | +51% | +35% | 2% | 2,235.1× | n/a |
| HubSpot HUBS | $10.0B | +2% | +21% | 4% | 12.5× | 25.1% |
| Salesforce CRM | $176B | +18% | +11% | 22% | 14.6× | 13.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4443.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | +5.6% | 5th lowest of 21 |
| 6-month return | +65.0% | -7.9% | 2nd highest of 20 |
| Distance from 52-week high | -12.1% | -36.0% | 7th highest of 21 |
| Revenue growth (TTM) | +22.5% | +17.3% | 8th highest of 21 |
| Operating margin | 17.8% | 12.0% | 8th highest of 21 |
| Forward P/E | 27.4× | 26.9× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 20.3% | 2.7% | 4th most demanding of 14 |
| Growth delivered (Del g) | +27.1% | +14.1% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -6.8 pp | -10.9 pp | 6th most demanding of 13 |
| EV / EBITDA | 20.8× | 8.2× | 4th most expensive of 11 |
| Net debt / EBITDA | -3.0× | -0.8× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sansan 4443.T | Japan | $1.67B | +65% | +22% | 18% | 27.4× | 20.3% | +27.1% |
| Wealthfront WLTH | United States | $1.66B | -7% | +18% | -41% | 26.7× | -4.2% | n/a |
| Kfin Technologies KFINTECH.NS | India | $1.67B | -1% | +27% | 32% | 40.6× | n/a | n/a |
| Lyntris LYNX | United States | $1.69B | n/a | +16% | 9% | n/a | n/a | n/a |
| Hangzhou Shunwang Technology 300113.SZ | China | $1.70B | -32% | -36% | 26% | 27.1× | 26.2% | +11.0% |
| Donnelley Financial Solutions DFIN | United States | $1.63B | +56% | +5% | 20% | 12.3× | -4.7% | -3.0% |
| Newborn Town 9911.HK | Hong Kong | $1.63B | -5% | +36% | 12% | 8.8× | -3.5% | +41.3% |
| Hacksaw HACK.ST | Sweden | $1.71B | -22% | +21% | 82% | 8.1× | -10.2% | +85.9% |
| Adeia ADEA | United States | $1.71B | -47% | +22% | 44% | 11.8× | 2.7% | -13.0% |
| TRS Information Technology 300229.SZ | China | $1.71B | -27% | -23% | -76% | n/a | n/a | n/a |
| Nazara Technologies NAZARA.NS | India | $1.62B | +50% | -2% | 3% | 138.0× | n/a | n/a |
| freee K.K 4478.T | Japan | $1.72B | +100% | +28% | 3% | 79.1× | n/a | n/a |
| YOOZOO Interactive 002174.SZ | China | $1.61B | +9% | -1% | -20% | 24.7× | n/a | n/a |
| Weaver Network Technology 603039.SS | China | $1.59B | -8% | +2% | 12% | 29.1× | 15.8% | +9.0% |
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 33.4× | 12.7% | +23.2% |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 208.5× | n/a | n/a |
| KPIT Technologies KPITTECH.NS | India | $1.57B | -25% | +9% | 14% | 26.3× | 14.8% | +26.0% |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 44.3× | 23.0% | +0.9% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 6.7× | 1.8% | +17.2% |
| MIXI 2121.T | Japan | $1.56B | +51% | +30% | 14% | 10.7× | -18.1% | +7.5% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 59.1× | 26.9% | +38.7% |