Hard Off Corporation Co., Ltd. (JP:2674)
:2674
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Hard Off Corporation Co., Ltd.
(2674)
Select Model
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Rating:74Outperform
Price Target:
¥2,300.00
▲(14.83% Upside)
Action:ReiteratedDate:10/30/25
Hard Off Corporation's strong financial performance is the most significant factor, supported by a robust income statement and effective cash management. The valuation is attractive with a reasonable P/E ratio and a high dividend yield. Technical analysis indicates a neutral to slightly bearish trend, which slightly tempers the overall score.
Positive Factors
Consistent Revenue Growth
A sustained revenue growth trend indicates the company is expanding its core reuse retail footprint and customer adoption. Over 2–6 months this supports higher inventory turnover, better purchasing leverage, and scale benefits across multiple store brands, strengthening durable top-line momentum.
Negative Factors
Debt Vigilance Needed
The balance sheet is described as stable but explicitly cautions vigilance on debt levels. If leverage were to rise, interest cost pressure or reduced flexibility could impair the ability to fund refurbishments, store rollouts, or return cash to shareholders, creating a material medium-term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
A sustained revenue growth trend indicates the company is expanding its core reuse retail footprint and customer adoption. Over 2–6 months this supports higher inventory turnover, better purchasing leverage, and scale benefits across multiple store brands, strengthening durable top-line momentum.
Read all positive factors
Hard Off Corporation Co., Ltd. (2674) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.47B
Dividend Yield3.77%
Average Volume (3M)26.12K
Price to Earnings (P/E)8.1
Beta (1Y)0.53
Revenue Growth7.88%
EPS Growth-5.92%
CountryJP
Employees731
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)61.65
Shares Outstanding13,954,000
10 Day Avg. Volume23,860
30 Day Avg. Volume26,123
Financial Highlights & Ratios
PEG Ratio1.03
Price to Book (P/B)1.38
Price to Sales (P/S)0.75
P/FCF Ratio30.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hard Off Corporation Co., Ltd. Business Overview & Revenue Model
Company Description
Hard Off Corporation Co.,Ltd. operates reuse shops in Japan. It operates through Secondhand Business and FC Business segments. The company's shops offer TVs, audio and video products, computers, games, watches, cameras, smartphones, tablets, air a...
How the Company Makes Money
Hard Off primarily makes money through the resale margin on reused goods. It sources inventory by purchasing items directly from customers at its stores (and, where applicable, via buyback services), then refurbishes/cleans, tests (especially for ...
Hard Off Corporation Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.90B | 33.53B | 30.11B | 27.04B | 24.51B | 21.27B |
| Gross Profit | 23.27B | 23.00B | 20.66B | 18.59B | 16.84B | 14.57B |
| EBITDA | 4.07B | 4.11B | 3.59B | 3.01B | 2.14B | 1.24B |
| Net Income | 2.19B | 2.31B | 2.09B | 1.65B | 1.04B | 348.12M |
Balance Sheet | ||||||
| Total Assets | 25.93B | 26.39B | 23.79B | 21.27B | 19.05B | 18.36B |
| Cash, Cash Equivalents and Short-Term Investments | 3.01B | 3.01B | 3.02B | 2.91B | 2.60B | 2.20B |
| Total Debt | 5.07B | 3.18B | 2.43B | 2.15B | 2.25B | 2.51B |
| Total Liabilities | 8.19B | 8.02B | 6.79B | 5.92B | 5.30B | 5.32B |
| Stockholders Equity | 17.63B | 18.27B | 16.90B | 15.28B | 13.69B | 13.00B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 822.66M | 737.75M | 1.13B | 963.62M | 670.60M |
| Operating Cash Flow | 0.00 | 2.14B | 1.87B | 1.77B | 1.48B | 1.13B |
| Investing Cash Flow | 0.00 | -1.84B | -1.20B | -820.75M | -219.54M | -312.63M |
| Financing Cash Flow | 0.00 | -334.41M | -587.97M | -714.03M | -899.69M | -480.80M |
Hard Off Corporation Co., Ltd. Technical Analysis
Positive
2003.00
Price Trends
1972.98
Positive
1932.15
Positive
1819.84
Positive
Market Momentum
27.40
Negative
62.80
Neutral
80.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2674, the sentiment is Positive. The current price of 2003 is above the 20-day moving average (MA) of 1975.20, above the 50-day MA of 1972.98, and above the 200-day MA of 1819.84, indicating a bullish trend. The MACD of 27.40 indicates Negative momentum. The RSI at 62.80 is Neutral, neither overbought nor oversold. The STOCH value of 80.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2674.
Hard Off Corporation Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥42.80B | 14.03 | ― | 2.19% | 17.90% | 14.14% | |
74 Outperform | ¥28.47B | 8.12 | ― | 3.77% | 7.88% | -5.92% | |
66 Neutral | ¥22.04B | 10.52 | ― | 3.53% | -2.73% | -51.48% | |
65 Neutral | ¥207.85B | 40.03 | ― | 0.64% | 57.01% | 91.03% | |
64 Neutral | ¥33.13B | 11.19 | ― | 1.73% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥28.70B | 3.19 | ― | 0.95% | 4.14% | ― |
* Consumer Cyclical Sector Average
JP:2674
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Hard Off Corporation Co., Ltd. Corporate Events
Hard Off boosts directly operated store network and reports solid year-on-year sales gains
Apr 10, 2026
Hard Off Corporation reported year-on-year monthly sales for its directly operated stores for the fiscal year ending March 31, 2026, covering all of its key formats, including newly consolidated subsidiaries. The company noted that total store fig...
Hard Off Books ¥1.16 Billion Extraordinary Gain From Wattmann Share Sale
Apr 9, 2026
Hard Off Corporation has disclosed that it will record an extraordinary gain after selling part of its shareholdings in Wattmann Co., Ltd. The company participated in a tender offer conducted by IAPF3 Co., Ltd., resulting in the completion of the ...
Hard Off Boosts Sales and Expands Direct Store Network After Econos Acquisition
Mar 10, 2026
Hard Off reported year-on-year monthly sales growth for directly operated stores across the 2025–2026 fiscal year period, with many formats posting sales above 100% compared with the previous year and some specialty formats exceeding 120%. E...
Hard Off lifts sales and profit to record highs as store network expands
Feb 12, 2026
Hard Off Corporation reported that consolidated net sales for the third quarter of FY2026/3 rose 13.7% year on year to a record ¥28.2 billion, driven by 24 store openings last year, 22 new stores this year, and the consolidation of 69 ECONOS ...
Hard Off Posts Higher Sales but Softer Profits, Keeps FY2026 Outlook and Dividend Plan
Feb 12, 2026
Hard Off Corporation reported consolidated net sales of ¥28.20 billion for the nine months to December 31, 2025, up 13.7% year on year, while operating and ordinary profit slipped 4.5% and 6.1% respectively, reflecting higher costs even as qu...
Hard Off Boosts Direct Store Network as Monthly Sales Continue to Grow
Feb 10, 2026
Hard Off Corporation Co., Ltd., a Japan-based reuse retailer listed on the Tokyo Stock Exchange Prime Market, operates a multi-brand portfolio of secondhand chains including HARD OFF, OFF HOUSE, HOBBY OFF, GARAGE OFF, LIQUOR OFF, and BOOK OFF. Its...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.