| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 456.06 | -3 |
| Intrinsic value (DCF) | 416.59 | -11 |
| Graham-Dodd Method | 618.56 | 32 |
| Graham Formula | 219.09 | -53 |
SE Holdings and Incubations Co., Ltd. (9478.T) is a Tokyo-based company specializing in publishing, IT education, and technology-related services. Operating primarily in Japan, the company publishes computer-related books and magazines, organizes tech conferences, and delivers digital content through web platforms. Additionally, SE Holdings engages in software and hardware sales, real estate leasing, and IT support services, including job referrals for health professionals and administrative agency services. Formerly known as SHOEISHA Co., Ltd., the company has diversified into entertainment software, mobile internet technologies, and educational materials for certified electrician exams. With a market cap of approximately ¥4.92 billion, SE Holdings serves a niche but growing segment of Japan's IT and publishing industries. Its multi-faceted business model positions it as a key player in Japan's communication services sector, particularly in bridging technology and education.
SE Holdings and Incubations presents a mixed investment profile. The company's diversified revenue streams—spanning publishing, IT services, and real estate—provide stability, but its modest market cap (¥4.92B) and low beta (0.35) suggest limited volatility and growth potential. While net income (¥729M) and operating cash flow (¥479M) are positive, high total debt (¥2.98B) nearly matches cash reserves (¥2.98B), raising liquidity concerns. The dividend yield (¥3.5 per share) is modest, and the EPS (¥38.35) reflects steady but unspectacular profitability. Investors may find appeal in its niche IT education and publishing focus, but competition and debt levels warrant caution.
SE Holdings and Incubations operates in a competitive niche within Japan's publishing and IT services sectors. Its primary advantage lies in its integrated model combining publishing, education, and technology support—a rare synergy in the market. The company's legacy as SHOEISHA Co. lends credibility in computer-related publications, while its expansion into IT training and mobile services diversifies revenue. However, its small scale limits bargaining power against larger publishers and tech firms. Competitors like Kadokawa (9477.T) dominate broader media markets, while IT education rivals (e.g., Benesse) have stronger brand recognition. SE Holdings' real estate leasing and job referral services add stability but lack scalability. Its debt-to-cash ratio is a concern, potentially hindering R&D or acquisitions. The company's focus on niche IT certifications (e.g., electrician exams) is a differentiator but faces limited addressable market growth. Overall, SE Holdings is a regional player with specialized expertise but struggles to compete with larger, more capitalized peers in Japan's consolidated publishing and tech sectors.