The impact of Covid-19 on San has mostly been negative. The pandemic, which worsened during the January–March period, had a severe impact on the Japanese economy, leading to a steep drop in consumer spending.
San Holdings: -16.2%
SINGAPORE (June 26): Tokyo-listed San Holdings is the largest funeral services provider in Japan with additional businesses in leasing office space and parking lots. It is considered a major player in densely populated areas such as Tokyo. San’s performance was underwhelming compared to our other picks, recording a 16.2% loss over the last six months, and underperformed the other two benchmark indices, the MSCI Japan and Nikkei 225 which lost 7.4% and 4.7% respectively over the same period.
