Market Closed -
Japan Exchange
02:00:00 2024-06-07 am EDT
|
5-day change
|
1st Jan Change
|
1,461
JPY
|
+0.48%
|
|
-4.38%
|
+9.32%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
350,209
|
351,042
|
366,068
|
261,822
|
268,219
|
279,972
|
-
|
-
|
Enterprise Value (EV)
1 |
584,166
|
607,219
|
563,202
|
610,986
|
651,601
|
271,440
|
638,624
|
626,701
|
P/E ratio
|
7.86
x
|
13.9
x
|
-55
x
|
11.3
x
|
-15.2
x
|
25.6
x
|
21.3
x
|
15.2
x
|
Yield
|
3.83%
|
3.28%
|
2.62%
|
4.04%
|
2.87%
|
2.13%
|
2.13%
|
2.37%
|
Capitalization / Revenue
|
0.39
x
|
0.41
x
|
0.44
x
|
0.28
x
|
0.26
x
|
0.26
x
|
0.27
x
|
0.26
x
|
EV / Revenue
|
0.66
x
|
0.71
x
|
0.67
x
|
0.66
x
|
0.64
x
|
0.26
x
|
0.6
x
|
0.57
x
|
EV / EBITDA
|
5.43
x
|
5.66
x
|
5.27
x
|
5.41
x
|
7.42
x
|
2.94
x
|
5.84
x
|
5.32
x
|
EV / FCF
|
32.3
x
|
23.7
x
|
20
x
|
-5.62
x
|
245
x
|
-2,154
x
|
92.6
x
|
32.3
x
|
FCF Yield
|
3.09%
|
4.21%
|
5%
|
-17.8%
|
0.41%
|
-0.05%
|
1.08%
|
3.1%
|
Price to Book
|
0.85
x
|
0.89
x
|
0.9
x
|
0.6
x
|
0.63
x
|
0.6
x
|
0.63
x
|
0.61
x
|
Nbr of stocks (in thousands)
|
191,791
|
191,826
|
191,960
|
192,092
|
192,134
|
192,553
|
-
|
-
|
Reference price
2 |
1,826
|
1,830
|
1,907
|
1,363
|
1,396
|
1,454
|
1,454
|
1,454
|
Announcement Date
|
5/9/19
|
5/8/20
|
5/11/21
|
5/12/22
|
5/11/23
|
5/13/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
888,589
|
853,746
|
836,512
|
926,054
|
1,018,751
|
1,032,773
|
1,055,675
|
1,094,000
|
EBITDA
1 |
107,551
|
107,200
|
106,800
|
113,000
|
87,781
|
92,427
|
109,300
|
117,775
|
EBIT
1 |
60,000
|
56,205
|
54,931
|
44,208
|
12,863
|
13,542
|
28,425
|
37,940
|
Operating Margin
|
6.75%
|
6.58%
|
6.57%
|
4.77%
|
1.26%
|
1.31%
|
2.69%
|
3.47%
|
Earnings before Tax (EBT)
1 |
60,360
|
41,557
|
9,351
|
44,065
|
-1,490
|
28,411
|
24,225
|
31,875
|
Net income
1 |
45,057
|
25,252
|
-6,662
|
23,158
|
-17,695
|
10,599
|
13,500
|
18,380
|
Net margin
|
5.07%
|
2.96%
|
-0.8%
|
2.5%
|
-1.74%
|
1.03%
|
1.28%
|
1.68%
|
EPS
2 |
232.4
|
131.6
|
-34.70
|
120.6
|
-92.04
|
55.07
|
68.21
|
95.40
|
Free Cash Flow
1 |
18,071
|
25,592
|
28,142
|
-108,719
|
2,659
|
-300
|
6,900
|
19,400
|
FCF margin
|
2.03%
|
3%
|
3.36%
|
-11.74%
|
0.26%
|
-0.03%
|
0.65%
|
1.77%
|
FCF Conversion (EBITDA)
|
16.8%
|
23.87%
|
26.35%
|
-
|
3.03%
|
-
|
6.31%
|
16.47%
|
FCF Conversion (Net income)
|
40.11%
|
101.35%
|
-
|
-
|
-
|
-
|
51.11%
|
105.55%
|
Dividend per Share
2 |
70.00
|
60.00
|
50.00
|
55.00
|
40.00
|
30.00
|
31.00
|
34.40
|
Announcement Date
|
5/9/19
|
5/8/20
|
5/11/21
|
5/12/22
|
5/11/23
|
5/13/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
---|
Net sales
1 |
436,040
|
417,706
|
394,141
|
442,371
|
227,496
|
453,385
|
233,620
|
239,049
|
472,669
|
243,834
|
266,619
|
510,453
|
254,646
|
253,652
|
508,298
|
244,841
|
261,663
|
506,504
|
253,095
|
273,174
|
526,269
|
254,750
|
268,550
|
523,300
|
268,450
|
276,900
|
545,350
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
33,759
|
22,446
|
31,085
|
23,846
|
14,207
|
31,461
|
6,709
|
6,038
|
12,747
|
10,771
|
3,460
|
14,231
|
603
|
-1,971
|
-1,368
|
4,219
|
5,732
|
9,951
|
-5,094
|
8,685
|
3,591
|
4,000
|
6,500
|
10,500
|
7,500
|
6,000
|
13,500
|
Operating Margin
|
7.74%
|
5.37%
|
7.89%
|
5.39%
|
6.24%
|
6.94%
|
2.87%
|
2.53%
|
2.7%
|
4.42%
|
1.3%
|
2.79%
|
0.24%
|
-0.78%
|
-0.27%
|
1.72%
|
2.19%
|
1.96%
|
-2.01%
|
3.18%
|
0.68%
|
1.57%
|
2.42%
|
2.01%
|
2.79%
|
2.17%
|
2.48%
|
Earnings before Tax (EBT)
|
28,977
|
-
|
27,692
|
-
|
-
|
34,067
|
9,439
|
559
|
9,998
|
14,489
|
-
|
19,762
|
-10,635
|
-
|
-
|
7,252
|
1,464
|
8,716
|
1,989
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
20,444
|
4,808
|
15,996
|
-22,658
|
11,770
|
21,570
|
4,268
|
-2,680
|
1,588
|
7,270
|
305
|
7,575
|
-14,628
|
-10,642
|
-25,270
|
1,857
|
-2,398
|
-541
|
3,993
|
7,147
|
11,140
|
2,200
|
3,900
|
6,100
|
4,500
|
2,900
|
13,500
|
Net margin
|
4.69%
|
1.15%
|
4.06%
|
-5.12%
|
5.17%
|
4.76%
|
1.83%
|
-1.12%
|
0.34%
|
2.98%
|
0.11%
|
1.48%
|
-5.74%
|
-4.2%
|
-4.97%
|
0.76%
|
-0.92%
|
-0.11%
|
1.58%
|
2.62%
|
2.12%
|
0.86%
|
1.45%
|
1.17%
|
1.68%
|
1.05%
|
2.48%
|
EPS
|
106.6
|
-
|
83.34
|
-
|
-
|
112.3
|
22.21
|
-
|
-
|
37.84
|
-
|
39.41
|
-76.10
|
-
|
-
|
9.650
|
-12.46
|
-2.810
|
20.75
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
30.00
|
-
|
25.00
|
-
|
-
|
27.50
|
-
|
-
|
-
|
-
|
-
|
27.50
|
-
|
-
|
-
|
-
|
-
|
15.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/1/19
|
5/8/20
|
11/2/20
|
5/11/21
|
11/8/21
|
11/8/21
|
2/7/22
|
5/12/22
|
5/12/22
|
8/8/22
|
11/7/22
|
11/7/22
|
2/8/23
|
5/11/23
|
5/11/23
|
8/7/23
|
11/6/23
|
11/6/23
|
2/8/24
|
5/13/24
|
5/13/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
233,957
|
256,177
|
197,134
|
349,164
|
383,382
|
366,200
|
358,653
|
346,730
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.175
x
|
2.39
x
|
1.846
x
|
3.09
x
|
4.367
x
|
3.751
x
|
3.281
x
|
2.944
x
|
Free Cash Flow
1 |
18,071
|
25,592
|
28,142
|
-108,719
|
2,659
|
-300
|
6,900
|
19,400
|
ROE (net income / shareholders' equity)
|
11.2%
|
6.3%
|
-1.7%
|
5.5%
|
-4.1%
|
2.4%
|
2.95%
|
3.95%
|
ROA (Net income/ Total Assets)
|
6.01%
|
5.37%
|
5.26%
|
4.43%
|
0.74%
|
1.25%
|
1.97%
|
2.72%
|
Assets
1 |
750,216
|
470,510
|
-126,680
|
522,889
|
-2,382,042
|
849,014
|
686,440
|
675,735
|
Book Value Per Share
2 |
2,141
|
2,054
|
2,116
|
2,288
|
2,210
|
2,358
|
2,313
|
2,371
|
Cash Flow per Share
2 |
478.0
|
397.0
|
235.0
|
479.0
|
298.0
|
465.0
|
507.0
|
536.0
|
Capex
1 |
62,828
|
68,622
|
60,319
|
200,801
|
62,501
|
66,919
|
66,667
|
70,000
|
Capex / Sales
|
7.07%
|
8.04%
|
7.21%
|
21.68%
|
6.14%
|
6.48%
|
6.32%
|
6.4%
|
Announcement Date
|
5/9/19
|
5/8/20
|
5/11/21
|
5/12/22
|
5/11/23
|
5/13/24
|
-
|
-
|
Last Close Price
1,454
JPY Average target price
1,345
JPY Spread / Average Target -7.50% Consensus |
1st Jan change
|
Capi.
|
---|
| +9.32% | 1.79B | | +26.18% | 7.64B | | +1.84% | 3.37B | | +8.86% | 2.31B | | +1.10% | 2.2B | | +12.72% | 2.15B | | +42.63% | 1.83B | | +8.01% | 1.7B | | -5.68% | 1.57B | | +19.67% | 1.52B |
Other Textiles & Leather Goods
|