SAN Holdings (TYO:9628) approved a medium-term management plan for fiscal 2025-fiscal 2027, aiming for operating revenue of 50.5 billion yen and operating profit of 5.8 billion yen in FY27, according to a Thursday filing on the Tokyo Stock Exchange.

The plan targets opening 130 funeral halls, including through mergers and acquisitions, and growing annual revenue from its end-of-life support business to 5 billion yen.

The company aims to keep return on equity at 8% or more, generate 20 billion yen in operating cash flow over the period, invest over 14 billion yen in growth, and allocate at least 3 billion yen to shareholder returns under a progressive dividend policy.