Komehyo Holdings Co., Ltd. (JP:2780)
:2780
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Komehyo Holdings Co., Ltd.
(2780)
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Rating:74Outperform
Price Target:
¥4,766.00
▲(66.47% Upside)
Action:ReiteratedDate:03/06/26
The score is led by very attractive valuation (low P/E) and strong technical uptrend signals. Offsetting these positives, financial performance is constrained by negative free cash flow and higher leverage, which increase liquidity and balance-sheet risk despite solid growth and margins.
Positive Factors
Revenue Growth
Sustained high revenue growth (≈39% reported) indicates strong structural demand for pre-owned luxury goods and effective sales channels. Over 2–6 months this supports scaling benefits, better purchasing leverage, and room to absorb fixed costs as the recommerce footprint expands.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow and an operating cash flow shortfall versus net income signal constrained internal liquidity. Over months this limits the firm's ability to fund inventory, refurbishment capex, or invest in digital/retail expansion without recurring external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth (≈39% reported) indicates strong structural demand for pre-owned luxury goods and effective sales channels. Over 2–6 months this supports scaling benefits, better purchasing leverage, and room to absorb fixed costs as the recommerce footprint expands.
Read all positive factors
Komehyo Holdings Co., Ltd. (2780) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.02B
Dividend Yield3.69%
Average Volume (3M)80.22K
Price to Earnings (P/E)3.1
Beta (1Y)0.89
Revenue Growth36.03%
EPS Growth-27.99%
CountryJP
Employees1,405
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)228.71
Shares Outstanding11,257,000
10 Day Avg. Volume106,010
30 Day Avg. Volume80,220
Financial Highlights & Ratios
PEG Ratio-1.32
Price to Book (P/B)0.95
Price to Sales (P/S)0.20
P/FCF Ratio-3.98
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)489.75
Revenue Forecast (FY)¥247.13B
Komehyo Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Komehyo Holdings Co.,Ltd. engages in the purchase and sale of used and new products through stores in Japan. The company offers jewelry, metals, clocks, bags, cloths, cameras, musical instruments, and other stocks, as well as car tire, aluminum wh...
How the Company Makes Money
The company primarily makes money by acquiring pre-owned branded items (through in-store and other buyback channels), then reselling those items at a markup via its retail network and e-commerce. Key revenue streams are (1) product sales of pre-ow...
Komehyo Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 171.61B | 158.99B | 119.46B | 86.11B | 71.15B | 50.72B |
| Gross Profit | 36.51B | 35.25B | 29.59B | 22.54B | 18.42B | 13.84B |
| EBITDA | 8.04B | 9.28B | 9.03B | 6.66B | 4.40B | 674.61M |
| Net Income | 3.72B | 4.78B | 5.03B | 3.71B | 2.26B | -595.59M |
Balance Sheet | ||||||
| Total Assets | 98.58B | 88.63B | 64.04B | 46.75B | 39.67B | 37.40B |
| Cash, Cash Equivalents and Short-Term Investments | 19.94B | 15.54B | 18.09B | 12.28B | 10.74B | 11.98B |
| Total Debt | 58.18B | 47.40B | 27.73B | 16.50B | 13.52B | 14.75B |
| Total Liabilities | 66.07B | 55.43B | 35.27B | 22.51B | 18.97B | 18.96B |
| Stockholders Equity | 32.11B | 32.77B | 28.41B | 23.93B | 20.44B | 18.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -7.86B | -3.27B | -105.68M | 506.18M | 2.92B |
| Operating Cash Flow | 0.00 | -5.18B | -548.05M | 1.54B | 1.13B | 4.38B |
| Investing Cash Flow | 0.00 | -6.71B | -3.22B | -1.95B | -529.30M | -1.22B |
| Financing Cash Flow | 0.00 | 11.91B | 9.43B | 1.85B | -1.90B | 1.35B |
Komehyo Holdings Co., Ltd. Technical Analysis
Positive
2863.00
Price Trends
4222.91
Positive
3547.11
Positive
3216.68
Positive
Market Momentum
105.06
Positive
57.81
Neutral
87.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2780, the sentiment is Positive. The current price of 2863 is below the 20-day moving average (MA) of 4665.44, below the 50-day MA of 4222.91, and below the 200-day MA of 3216.68, indicating a bullish trend. The MACD of 105.06 indicates Positive momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 87.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2780.
Komehyo Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥54.02B | 3.13 | ― | 3.69% | 36.03% | -27.99% | |
70 Outperform | ¥29.40B | 6.21 | ― | 3.99% | 3.72% | -27.94% | |
67 Neutral | ¥34.30B | 18.57 | 5.90% | 3.07% | 3.04% | 44.65% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥30.34B | 7.18 | ― | 4.20% | 6.26% | -4.41% | |
60 Neutral | ¥70.34B | 9.58 | ― | 5.71% | 8.07% | 12.06% | |
56 Neutral | ¥33.50B | 7.38 | ― | 6.11% | 81.19% | 250.41% |
* Real Estate Sector Average
JP:2780
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Komehyo Holdings Co., Ltd. Corporate Events
Komehyo’s Brand and Fashion Sales Surge on Gold-Led Demand and Store Expansion
Mar 23, 2026
Komehyo Holdings reported strong February results in its brand and fashion business, with net sales and individual purchase amounts continuing to post double-digit year-on-year growth, supported by robust retail and corporate demand. Sales were dr...
Komehyo’s Luxury Resale Business Delivers Strong January as Global Expansion Continues
Feb 20, 2026
Komehyo Holdings reported strong January results in its brand and fashion business for the fiscal year ending March 2026, with net sales and individual purchase amounts both posting double-digit year-on-year growth. Retail sales ratios remained so...
Komehyo Hits Record Q3 Earnings as Global Store Expansion and Gold Sales Drive Growth
Feb 13, 2026
Komehyo Holdings reported record third-quarter net sales, operating profit, and ordinary profit for the fiscal year ending March 31, 2026, driven by strong purchasing, robust peak-season retail demand, and increased gold bullion sales amid higher ...
Komehyo Holdings Posts Strong Sales Growth but Lower Profit as It Maintains Dividend and Forecasts
Feb 13, 2026
Komehyo Holdings reported consolidated net sales of ¥157.5 billion for the nine months ended December 31, 2025, a 40.9% year-on-year increase, with operating profit up 12.6% to ¥5.7 billion and ordinary profit up 3.9% to ¥5.2 billio...
Komehyo’s Brand and Fashion Business Delivers Double-Digit Growth on Gold-Driven Demand
Jan 20, 2026
Komehyo Holdings reported strong growth in its brand and fashion business for the fiscal year ending March 2026 through December, with net sales reaching ¥152.3 billion, up 42.2% year on year, and individual purchase amounts climbing nearly 3...
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.