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Wholesale distributor of interior furnishing materials — wallpaper, flooring and curtains — to contractors and retailers.
Wholesale distributor of interior furnishing materials — wallpaper, flooring and curtains — to contractors and retailers.
Buys from manufacturers, including own-brand lines made to its specifications, and sells through catalogues of sample books that interior contractors use to specify materials for jobs, so the catalogue is its selling tool. Homebuilding and renovation work drive volumes.
In one line: Japan's answer to a wholesale interior-materials distributor.
Moat: narrow (scale, distribution). Nationwide distribution network and catalog scale versus fragmented regional distributors.
Headquarters: Nagoya, Japan · Founded: 1849 · Employees: 3,299
Size Sangetsu (8130.T) is a Japan Consumer Discretionary company (Home Improvement Chains) with a market value of $1.15B, the 678th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,120 on 6 Nov 2026.
Performance Over six months the shares gained 4.5%, against +14.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 11 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +5.3%); the operating margin is 9.8% (peer median 5.6%).
Valuation It trades at 13.7× forward earnings against a peer median of 12.1× (4th most expensive of 9).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥211B | ¥206B | ¥200B | ¥190B | ¥176B |
| Revenue growth | — | +3% | +6% | +8% | — |
| Gross profit | ¥66.2B | ¥64.7B | ¥62.4B | ¥59.0B | ¥56.4B |
| EBITDA | ¥25.5B | ¥24.1B | ¥21.6B | ¥22.5B | ¥24.0B |
| Net income | ¥16.6B | ¥14.6B | ¥12.6B | ¥14.3B | ¥14.0B |
| Free cash flow | n/a | ¥10.9B | ¥14.5B | ¥8.43B | ¥14.5B |
| Capital expenditure | n/a | ¥4.20B | ¥6.13B | ¥5.06B | ¥3.24B |
| Total debt | ¥14.3B | ¥14.5B | ¥12.8B | ¥7.48B | ¥10.5B |
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.
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 | 8130.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +6.4% | 2nd lowest of 11 |
| 6-month return | +4.5% | +14.9% | 2nd lowest of 11 |
| Distance from 52-week high | -7.4% | -5.9% | 5th lowest of 11 |
| Revenue growth (TTM) | +3.9% | +5.3% | 4th lowest of 11 |
| Operating margin | 9.8% | 5.6% | 2nd highest of 11 |
| Forward P/E | 13.7× | 12.1× | 4th most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | -10.8% | 0.4% | least demanding of 10 |
| Growth delivered (Del g) | +7.3% | +3.3% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -18.1 pp | -2.9 pp | least demanding of 10 |
| ROIC minus cost of capital | +8.7 pp | -0.3 pp | 2nd highest of 11 |
| EV / EBITDA | 6.4× | 8.0× | 4th cheapest of 10 |
| Net debt / EBITDA | -0.7× | 1.6× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sangetsu 8130.T | Japan | $1.15B | +4% | +4% | 10% | 13.7× | -10.8% | +7.3% |
| Komeri 8218.T | Japan | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% | 0.0% |
| DCM 3050.T | Japan | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% | +2.9% |
| Kohnan Shoji 7516.T | Japan | $925M | +15% | +6% | 5% | 10.1× | 0.4% | +3.3% |
| Joyful Honda 3191.T | Japan | $859M | +10% | +5% | 6% | n/a | 1.1% | +0.3% |
| HORNBACH Holding AG & Co. KGaA HBH.DE | Germany | $1.66B | +18% | +5% | 4% | 10.2× | -3.6% | +3.4% |
| Arclands 9842.T | Japan | $748M | +6% | +8% | 4% | 9.4× | 2.2% | +14.2% |
| Byggmax BMAX.ST | Sweden | $393M | +42% | +2% | 6% | 13.7× | -0.4% | -2.0% |
| Victorian Plumbing VIC.L | United Kingdom | $386M | +15% | +7% | 6% | 16.9× | 11.0% | +8.2% |
| Clas Ohlson CLAS-B.ST | Sweden | $3.49B | +33% | +10% | 13% | 23.7× | 6.8% | +8.6% |
| NAFCO 2790.T | Japan | $346M | -12% | -3% | 1% | n/a | n/a | n/a |