Industry map/Consumer & Public Services
Funerals industry map
Who earns the money in Funerals, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 10 companies · ¥116.7B
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥116.7B
- Companies
- 10
- Avg. salary（parent only）
- ¥5.3M
- Industry weather
- Cloudy
YoY +0.1%
Avg. age 40.8
Operating income -11.5%
Hasegawa[8230]
HASEGAWA, LTD. + 5 more
- Revenue
- ¥55.9B▼3.3%
- Operating income
- ¥3.33B▼21.3%
Margin 6.0%
Whole company: Revenue ¥21.1B · Net income ¥291M
Avg. salary ¥5.4M · 45.7（parent only）
Tear[2485]
Funeral + 1 more
- Revenue
- ¥20.4B▲11.6%
- Operating income
- ¥3.38B▲0.4%
Margin 16.6%
Whole company: Revenue ¥21.6B · Net income ¥891M
Avg. salary ¥5.7M · 39.9（parent only）
KOSAIDO Holdings[7868]
Profit-Generating Funeral Services Segment + 1 more
- Revenue
- ¥15.9B▼3.1%
- Operating income
- ¥4.82B▼13.0%
Margin 30.3%
Whole company: Revenue ¥36.2B · Net income ¥4.74B
Avg. salary ¥6.5M · 45.3（parent only）
株式会社サン・ライフホールディング[7040]
Ceremony business + 1 more
- Revenue
- ¥10.8B▲0.3%
- Operating income
- ¥2.1B▼5.7%
Margin 19.5%
Whole company: Revenue ¥14.1B · Net income ¥619.8M
Avg. salary ¥5.2M · 39.6（parent only）
Beauty Kadan Holdings[3041]
Memorial flowers and floral decorating
- Revenue
- ¥4.08B▲5.5%
- Operating income
- ¥218.4M▼34.3%
Margin 5.4%
Whole company: Revenue ¥7.6B · Net income ¥43M
Avg. salary ¥4.2M · 40.2（parent only）
Asukanet[2438]
Funeral business
- Revenue
- ¥3.39B▲3.3%
- Operating income
- ¥801.8M▲6.6%
Margin 23.7%
Whole company: Revenue ¥7.26B · Net income -¥263.1M
Avg. salary ¥4.8M · 37.1（parent only）
A-tie[369A]
- Revenue
- ¥2.93B▲23.3%
- Operating income
- ¥713.3M▲40.9%
Margin 24.3%
Avg. salary ¥6.8M · 41.4（parent only）
Nichiryoku[7578]
Funeral enterprise + 2 more
- Revenue
- ¥1.73B▼22.9%
- Operating income
- ¥80.1M▼85.3%
Margin 4.6%
Whole company: Revenue ¥1.73B · Net income -¥133.1M
Avg. salary ¥4.6M · 46.6（parent only）
SAKAI Holdings[9446]
Funeral business
- Revenue
- ¥1.03B▼1.6%
- Operating income
- ¥173.7M▼13.1%
Margin 16.9%
Whole company: Revenue ¥17B · Net income ¥987.1M
Avg. salary ¥5.2M · 37.7（parent only）
Mammy Mart Holding[9823]
Other
- Revenue
- ¥493M▲16.0%
- Operating income
- ¥79M▲88.1%
Margin 16.0%
Whole company: Revenue ¥191.4B · Net income ¥5.25B
Avg. salary ¥5.9M · 41.5（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | HasegawaHASEGAWA, LTD. + 5 more | ¥55.9B | 47.9% | 5.9% | +10.5% | ¥192M |
| 2 | TearFuneral + 1 more | ¥20.4B | 17.5% | 16.6% | +13.7% | ¥1.01B |
| 3 | KOSAIDO HoldingsProfit-Generating Funeral Services Segment + 1 more | ¥15.9B | 13.6% | 30.3% | — | ¥17.5B |
| 4 | 株式会社サン・ライフホールディングCeremony business + 1 more | ¥10.8B | 9.2% | 19.6% | +6.2% | ¥226.6M |
| 5 | Beauty Kadan HoldingsMemorial flowers and floral decorating | ¥4.08B | 3.5% | 5.4% | +7.4% | -¥123.8M |
| 6 | AsukanetFuneral business | ¥3.39B | 2.9% | 23.6% | — | ¥555.7M |
| 7 | A-tie | ¥2.93B | 2.5% | 24.3% | +23.3% | ¥746.3M |
| 8 | NichiryokuFuneral enterprise + 2 more | ¥1.73B | 1.5% | 4.6% | -12.8% | -¥504.7M |
| 9 | SAKAI HoldingsFuneral business | ¥1.03B | 0.9% | 16.9% | +1.4% | ¥1.88B |
| 10 | Mammy Mart HoldingOther | ¥493M | 0.4% | 16.0% | +7.0% | ¥2.39B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- A-tie324424
- KOSAIDO Holdings621919
- SAKAI Holdings62299
- Tear62308
- 株式会社サン・ライフホールディング76168
- Hasegawa3660
- Mammy Mart Holding7820
- Asukanet5840
- Beauty Kadan Holdings8713
- Nichiryoku3292loss ¥24
Ownership links
From the major-shareholder section of annual securities reports.
- 住友商事株式会社Outside
- AffiliateMammy Mart Holding21.6%
- ＳＢＩホールディングス株式会社Outside
- StakeKOSAIDO Holdings7.4%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Funerals (by revenue)
All 10 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Hasegawa¥55.9B · 5.9%
- Tear¥20.4B · 16.6%
- KOSAIDO Holdings¥15.9B · 30.3%
- 株式会社サン・ライフホールディング¥10.8B · 19.6%
- Beauty Kadan Holdings¥4.02B · 2.5%
- Asukanet¥3.3B · 19.2%
- A-tie¥2.93B · 24.3%
- Nichiryoku¥1.73B · 4.6%
- SAKAI Holdings¥1.03B · 16.9%
- Mammy Mart Holding¥493M · 16.0%
Revenue · Op. margin
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