Sakai Moving Service Co.,Ltd.
9039・Prime Market・Land Transportation
Business
Sakai Moving Service Co., Ltd. is a moving specialist transport company founded in 1979. As a group comprising the Company, 19 subsidiaries, and 1 affiliated company, it has established locations in all prefectures and provides moving services to individuals, corporations, and government entities. Centered on the Moving Business, the group also operates Electrical Work Business (Elecon Co., Ltd., etc.), House Cleaning Services (SD Holdings Co., Ltd., etc.), Reuse Business for purchasing and selling unwanted goods (J-Land Co., Ltd., etc.), and Real Estate Leasing Business. Consolidated net sales for FY2026 (ending March 2026) reached ¥124,741 million, with the number of moving jobs handled reaching 825,134. Listed on the Prime Market of the Tokyo Stock Exchange.
Business Model
By leveraging customer touchpoints gained through the Moving Business, group companies provide related services such as electrical work, house cleaning, and reuse, thereby maximizing revenue per customer. The Moving Business accounts for approximately 84% of net sales, and the rise in average moving prices (+1.1% year on year) combined with an increase in the number of jobs handled (+0.8% year on year) has driven overall performance. Working capital is funded through retained earnings, and the company maintains financial discipline by keeping capital expenditures within the range of free cash flow.
Company Strengths
Since its founding in 1979, the company has progressively expanded its network of locations, completing coverage of all prefectures. The FY2026 (ending March 2026) scale of 825,134 moving jobs performed and 826,158 orders received underscores the customer acquisition power and processing capacity of a major moving specialist with a nationwide network. Positioning location expansion as a key driver of growth, the company continues to open new branches and acquire land, particularly in the Kanto region.
Leveraging touchpoints with moving customers, the company operates related businesses including Electrical Work (net sales of ¥4,980 million), Clean Service (¥5,766 million), and Reuse (¥7,803 million). The Reuse Business has shown strong growth at 114.2% year-on-year, establishing a structure in which increased moving volume directly boosts the related businesses as a whole. Management efficiency improvements are also underway through subsidiary consolidation (the absorption-type merger of Kids Dream into J-Land).
The company has set a target management indicator of ROE exceeding 8%, and achieved 8.9% in FY2026 (ending March 2026), maintaining its target level. Net assets stood at ¥99,349 million, with long-term borrowings on a declining trend, and the company maintains a financial policy of funding working capital through retained earnings. Operating cash flow was secured at ¥9,298 million, and the company maintained financial soundness while paying dividends of ¥4,551 million and conducting share buybacks of ¥1,156 million.
ENVALITH's Perspective
Performance Trend
Revenue achieved five consecutive periods of growth, rising from ¥103,884 million in FY2022 (ending March 2022) to ¥124,741 million in FY2026 (ending March 2026). However, operating profit declined 2.7% year-on-year to ¥12,572 million in FY2026 (ending March 2026), falling below the ¥12,744 million recorded in FY2024 (ending March 2024). While a rise in moving unit prices (+1.1%) and an increase in the number of jobs handled (+0.8%) drove revenue growth, increased costs associated with improved employee treatment and stronger recruitment, along with higher shareholder benefit program expenses, pressured profits. In the external environment, new housing starts and the number of movers continue to see slight declines, and price increases and rising energy costs persist, leaving uncertainty about the outlook. The operating profit margin declined from 10.7% in the previous period to 10.1% in the current period.
Growth Strategy
Multi-pronged growth through maintaining customer touchpoints centered on moving services, strengthening the three related pillar businesses, and entering BtoB/BtoG markets
Moving service unit prices were raised by +1.1% year-on-year, and the number of jobs handled reached 825,134 (up +0.8% year-on-year). For the next fiscal year, the company targets net sales of ¥130,013 million (up +4.2%), continuing growth through both price pass-through and volume accumulation.
Electrical Work Business (net sales of ¥4,980 million, up +7.3%), Clean Service Business (¥5,766 million, up +5.4%), and Reuse Business (¥7,803 million, up +14.2%) all achieved revenue growth. The strategy of capturing related demand starting from the strong Moving Business is progressing, but profit margins in each segment are trending downward, making profitability improvement a challenge.
The company continues to focus on improving compensation and working conditions, promoting higher employee retention rates and stronger recruitment capabilities. As securing labor is a challenge across the entire moving industry, strengthening the talent foundation is a prerequisite for expanding locations and increasing order volume. However, an increase in related costs during the current period was one factor contributing to the decline in operating profit.
The company is diversifying its revenue base by capturing moving demand from corporations and government agencies. This is positioned as a hedge against the structural risk of a plateau in individual demand (slight decline in the number of people relocating), and synergies with moving-related businesses are also expected.
Intangible fixed assets (software) at the end of FY2026 (ending March 2026) increased by ¥400 million year-on-year to ¥1,089 million. The company continues to invest in productivity-enhancing initiatives such as remote quoting and quote automation, aiming to improve order processing capacity and labor cost efficiency.
Last updated: July 19, 2026