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Hard Off Corporation Co., Ltd. (JP:2674)
:2674
Japanese Market

Hard Off Corporation Co., Ltd. (2674) AI Stock Analysis

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JP

Hard Off Corporation Co., Ltd.

(2674)

Rating:70Outperform
Price Target:
¥1,913.00
▲(9.50%Upside)
Hard Off Corporation's high financial performance score is the most significant factor, showcasing strong growth and profitability. However, weak technical indicators and trading below moving averages present downside risks. The reasonable valuation and attractive dividend yield partially offset these concerns, leading to an overall score of 70.

Hard Off Corporation Co., Ltd. (2674) vs. iShares MSCI Japan ETF (EWJ)

Hard Off Corporation Co., Ltd. Business Overview & Revenue Model

Company DescriptionHard Off Corporation Co., Ltd. is a Japanese company operating in the retail sector, specializing in the purchase and sale of second-hand goods. The company is known for its chain of stores that offer a wide variety of used merchandise, including electronics, musical instruments, furniture, and fashion items. Hard Off Corporation provides a platform for consumers to buy and sell pre-owned goods, promoting sustainable consumption and recycling practices.
How the Company Makes MoneyHard Off Corporation Co., Ltd. generates revenue primarily through the resale of second-hand goods. The company purchases used items from individuals, refurbishes or repairs them if necessary, and sells them at a profit through its retail outlets. The key revenue streams include sales from various store formats such as Hard Off (general second-hand goods), Off House (household items), and Book Off (books and media). The company's revenue is bolstered by its extensive store network across Japan, as well as its online sales platform, which expands its customer reach. Additionally, partnerships with other retail businesses and a strong brand presence contribute to the company's earnings.

Hard Off Corporation Co., Ltd. Financial Statement Overview

Summary
Hard Off Corporation Co., Ltd. shows strong revenue and profit growth with effective leverage management and a strong equity position. However, the absence of current cash flow data requires attention, as maintaining robust cash flow reporting will be crucial for future financial health.
Income Statement
85
Very Positive
The company demonstrates strong revenue growth with a TTM increase of 9.14% compared to the previous year. Gross profit margin is robust at 68.60%, and net profit margin is healthy at 7.53%. Both EBIT and EBITDA margins have shown improvement, indicating efficient operational management. Overall, the income statement reflects a positive growth trajectory and profitability.
Balance Sheet
80
Positive
The balance sheet is solid with a low debt-to-equity ratio of 0.20, showcasing prudent leverage management. The equity ratio stands at a high 70.55%, reflecting strong asset backing by equity. Return on equity is impressive at 13.98%, indicating effective use of shareholder funds. The financial stability is well-maintained with minimal financial risk.
Cash Flow
60
Neutral
Cash flow from operations was not reported in the current TTM, making growth analysis challenging. Historically, the free cash flow has been positive, but the absence of current data poses a risk. The company needs to ensure consistent cash flow generation to support ongoing operations and strategic initiatives.
Breakdown
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
32.86B30.11B27.04B24.51B21.27B19.35B
Gross Profit
22.54B20.66B18.59B16.84B14.57B13.35B
EBIT
3.31B2.80B2.31B1.53B795.59M831.50M
EBITDA
3.87B3.59B3.01B2.14B1.24B1.17B
Net Income Common Stockholders
2.47B2.09B1.65B1.04B348.12M389.36M
Balance SheetCash, Cash Equivalents and Short-Term Investments
3.21B3.02B2.91B2.60B2.20B1.53B
Total Assets
25.08B23.10B20.72B18.74B18.11B15.94B
Total Debt
3.58B2.43B2.15B2.25B2.51B989.74M
Net Debt
374.40M-597.20M-756.24M-356.29M310.74M-538.68M
Total Liabilities
7.28B6.10B5.37B4.99B5.07B3.11B
Stockholders Equity
17.70B16.90B15.28B13.69B13.00B12.83B
Cash FlowFree Cash Flow
0.00737.75M903.41M963.62M670.60M534.10M
Operating Cash Flow
0.001.87B1.77B1.48B1.13B822.61M
Investing Cash Flow
0.00-1.20B-820.75M-219.54M-312.63M-528.66M
Financing Cash Flow
0.00-587.97M-714.03M-899.69M-480.80M-320.77M

Hard Off Corporation Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1747.00
Price Trends
50DMA
1795.76
Negative
100DMA
1808.65
Negative
200DMA
1820.81
Negative
Market Momentum
MACD
-22.30
Negative
RSI
44.32
Neutral
STOCH
47.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2674, the sentiment is Negative. The current price of 1747 is above the 20-day moving average (MA) of 1744.10, below the 50-day MA of 1795.76, and below the 200-day MA of 1820.81, indicating a bearish trend. The MACD of -22.30 indicates Negative momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 47.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2674.

Hard Off Corporation Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
¥21.65B12.13
3.55%7.81%-15.36%
70
Outperform
¥24.25B10.49
4.46%11.38%10.56%
67
Neutral
¥43.27B15.62
2.01%22.50%20.53%
62
Neutral
$6.84B11.412.80%3.87%2.70%-24.58%
59
Neutral
¥12.33B
3.48%1.15%-14869.21%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:2674
Hard Off Corporation Co., Ltd.
1,741.00
-296.04
-14.53%
JP:3093
Treasure Factory Co., Ltd.
1,881.00
137.21
7.87%
JP:3179
Syuppin Co., Ltd.
1,128.00
-157.60
-12.26%
JP:9270
Valuence Holdings, Inc.
905.00
156.00
20.83%

Hard Off Corporation Co., Ltd. Corporate Events

Hard Off Corporation Announces Dividend Payout
May 26, 2025

Hard Off Corporation Co., Ltd. has announced a resolution to pay dividends of surplus with a record date of March 31, 2025, as approved by its Board of Directors. The dividend per share is set at ¥78, reflecting the company’s commitment to returning profits to shareholders while maintaining a stable dividend policy based on business performance. This decision underscores the company’s strategic focus on enhancing corporate value through improved earnings per share and financial stability.

Hard Off Corporation Maintains Independence Amidst Significant Shareholder Ownership
May 26, 2025

Hard Off Corporation Co., Ltd. has announced that Yamamoto Asset Co., Ltd., an affiliated company, holds 33.61% of its voting rights as of March 31, 2025. Despite this significant ownership, Hard Off Corporation maintains its operational independence, with no restrictions on its business activities, ensuring its autonomy within the corporate group.

Hard Off Corporation Reports Record Sales and Profits Amid Market Expansion
May 13, 2025

Hard Off Corporation Co., Ltd. announced a correction to its supplementary materials for the fiscal year ended March 2025, specifically regarding the number of secondhand stores. The company reported record-high net sales and profits, driven by the growing integration of ‘reusing’ into consumer lifestyles and the expansion of the secondhand market. The opening of new stores contributed to a significant increase in net sales, marking the 29th consecutive fiscal term of revenue growth. This financial performance underscores Hard Off’s strong positioning in the secondhand retail market.

Hard Off Corporation Reports Strong Financial Growth for FY2025
May 12, 2025

Hard Off Corporation Co., Ltd. reported a significant improvement in its financial performance for the fiscal year ending March 31, 2025, compared to the previous year. The company experienced a notable increase in net sales, operating profit, ordinary profit, and net profit, attributed to strong sales performance in existing stores. This positive financial outcome underscores the company’s robust market positioning and its ability to capitalize on consumer demand for second-hand goods.

Hard Off Corporation Achieves Record Sales and Profits, Plans Further Expansion
May 12, 2025

Hard Off Corporation reported record-high net sales and profits for the fiscal year ended March 2025, driven by the growing integration of ‘reusing’ into consumer lifestyles and the expansion of its store network. The company opened 24 new stores in the fiscal year, contributing to an 11.4% increase in net sales. Looking ahead, Hard Off forecasts continued growth with a 7.4% rise in net sales and record-high profits for the fiscal year ending March 2026, supported by further store openings and stable dividend payments.

Hard Off Corporation Increases Dividend and Revises Shareholder Return Policy
May 12, 2025

Hard Off Corporation Co., Ltd. has announced a revision in its dividend forecast, increasing the dividend per share from 76 yen to 78 yen for the fiscal year ending March 2025. This decision reflects the company’s commitment to enhancing shareholder value by maintaining a stable dividend payout ratio of approximately 50% based on business performance. Additionally, the company is revising its shareholder return policy by introducing the Dividend on Equity (DOE) ratio as a new indicator, effective from the fiscal year ending March 2026, to ensure more stable and sustainable dividends while improving capital efficiency.

Hard Off Corporation Reports Strong Financial Growth and Dividend Increase
May 12, 2025

Hard Off Corporation Co., Ltd. reported a positive financial performance for the fiscal year ended March 31, 2025, with net sales increasing by 11.4% and operating profit rising by 14.8%. The company also announced an increase in its year-end dividend from 76 yen to 78 yen, reflecting a commitment to enhancing shareholder returns. The forecast for the fiscal year ending March 31, 2026, anticipates continued growth in net sales and profits, indicating a strong market position and potential for future expansion.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.