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Treasure Factory Co., Ltd.
(3093)
Treasure Factory Co., Ltd. (3093) vs. iShares MSCI Japan ETF (EWJ)
Treasure Factory Co., Ltd. Business Overview & Revenue Model
Treasure Factory Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.05B | 42.21B | 34.45B | 28.21B | 23.31B | 18.74B |
| Gross Profit | 26.58B | 24.93B | 20.87B | 17.40B | 14.23B | 11.37B |
| EBITDA | 4.91B | 4.76B | 3.89B | 2.90B | 1.21B | 347.87M |
| Net Income | 2.80B | 2.71B | 2.24B | 1.71B | 703.47M | -134.97M |
Balance Sheet | ||||||
| Total Assets | 22.30B | 20.83B | 17.73B | 14.66B | 11.81B | 10.42B |
| Cash, Cash Equivalents and Short-Term Investments | 2.54B | 3.01B | 2.62B | 3.07B | 2.36B | 1.99B |
| Total Debt | 6.25B | 5.62B | 5.39B | 4.23B | 4.34B | 3.79B |
| Total Liabilities | 10.94B | 10.33B | 9.20B | 7.84B | 6.91B | 6.11B |
| Stockholders Equity | 11.24B | 10.42B | 8.48B | 6.80B | 4.88B | 4.28B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.50B | -31.00M | 980.61M | 273.22M | 181.96M |
| Operating Cash Flow | 0.00 | 2.82B | 1.00B | 1.76B | 870.49M | 482.42M |
| Investing Cash Flow | 0.00 | -1.88B | -1.91B | -1.12B | -732.24M | -586.27M |
| Financing Cash Flow | 0.00 | -539.00M | 431.00M | 56.00M | 274.83M | 422.44M |
Treasure Factory Co., Ltd. Technical Analysis
Treasure Factory Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥29.15B | 12.36 | ― | 3.77% | 7.88% | -5.92% | |
65 Neutral | ¥45.48B | 14.84 | ― | 2.19% | 17.90% | 14.14% | |
65 Neutral | ¥180.42B | 33.64 | ― | 0.64% | 57.01% | 91.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥71.57B | 12.73 | ― | 1.81% | 6.48% | -38.41% | |
59 Neutral | ¥25.59B | 12.89 | ― | 0.95% | 4.14% | ― |
Treasure Factory Co., Ltd. Corporate Events
Treasure Factory reported that for the nine months ended November 30, 2025, both net sales and operating profit grew more than 10% year-on-year, with existing store sales up 4.8%, driven by strong demand despite temporary costs from new store openings and human capital investments. Consumer behavior is shifting toward lower-priced items amid inflation, boosting volumes in apparel, accessories, and hobby goods, while a clearly defined autumn-winter season supported robust apparel sales.
Inbound demand remained solid with tax-free sales at about 10.7% of the total, as reduced traffic from Chinese customers was more than offset by rising visitors from markets such as the United States, the Philippines, and Taiwan. The consolidated gross margin declined due to a higher contribution from Kindal, which has structurally lower margins, even as gross margins at existing domestic stores improved thanks to a favorable sales mix and the elimination of high-return purchase coupons.
Inventory levels are described as appropriate, with stock built up ahead of the end of high-return purchase coupons successfully digested by subsequent strong sales, and sufficient inventory secured for the fourth quarter and new stores. Store expansion remains aggressive, with 32 openings already confirmed for the fiscal year ending February 2026, meeting the 30–35 store target, and management aiming to sustain growth by adding more than 30 stores annually, roughly 10% of its network, in the following fiscal year and beyond.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1914.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. raised its full-year consolidated forecasts for the fiscal year ending February 2026, citing strong reuse demand and higher-than-planned sales growth at existing stores. The company now expects net sales of ¥48.35 billion and profit attributable to owners of parent of ¥3.14 billion, both exceeding its previous outlook and marking solid year-on-year gains that underscore continued operating momentum.
In tandem with the earnings upgrade, Treasure Factory revised its dividend forecast, lifting the year-end dividend by ¥1 to ¥21 per share and the annual dividend to ¥40 per share. This move, implying an estimated payout ratio of 31.0%, signals management’s confidence in cash flow generation and reinforces its policy of balancing shareholder returns with strengthening the company’s financial base.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1887.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. will introduce an executive officer system from March 1, 2026, as it shifts into a new growth phase beyond its current market capitalization of around 40–50 billion yen. The move aims to speed up decision-making, more closely link frontline operations with management, and cultivate next-generation leaders through greater delegation of authority.
The company is also evolving its corporate governance by adding an independent outside director candidate, Mamiko Kobayashi, while Director in charge of Administrative Supervision, Eiji Kobayashi, will retire at the close of the May 27, 2026 shareholders’ meeting. With this change, a majority of the five directors will be independent outsiders, and five internal executives will assume newly created executive officer roles overseeing store operations, finance, systems, general affairs, legal, and corporate planning, enhancing both oversight and execution capabilities.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1887.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. reported that January 2026 net sales rose 15.3% year on year across all stores and 6.2% at existing stores, marking the 53rd consecutive month of existing-store sales growth. The retailer, which maintained its network at 234 domestic directly managed and franchise outlets with no openings or closings in January, benefited from one additional holiday compared with a year earlier.
Core winter merchandise, particularly winter clothing, performed strongly as persistently low temperatures supported demand throughout the month. Sales of fashion accessories, hobby goods, and household items also continued to expand, indicating solid underlying reuse demand and reinforcing the company’s stable operational momentum in Japan’s second-hand retail market.
These robust monthly figures follow a sustained trend of double-digit year-on-year sales growth for all stores over the current fiscal year. The continued strength in existing-store performance without network expansion underlines efficient store operations and suggests resilience in consumer appetite for reused products, which is a positive signal for shareholders and franchise partners monitoring long-term growth prospects.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1887.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory reported that for the nine months ended November 30, 2025, both net sales and operating profit grew by more than 10% year-on-year, with existing-store sales up 4.8%, supported by robust demand from budget-conscious consumers and strong performance in apparel, fashion accessories, and hobby goods. Inbound tax-free sales remained solid at about 10.7% of revenue, with a shift away from Chinese customers toward visitors from the U.S., the Philippines, and Taiwan, while inventory levels and procurement are described as appropriate and sufficient to support fourth-quarter trading and planned new openings.
Management acknowledged a decline in consolidated gross profit margin driven primarily by the rapid growth of lower-margin subsidiary Kindal, even as gross margins at non-consolidated existing stores improved due to a favorable sales mix of lower-priced, high-margin goods and the abolition of high-return purchase coupons. The company has already met its fiscal 2026 target with 32 new stores confirmed and intends to continue expanding its footprint by opening more than 30 stores annually—around 10% of its store base—signaling continued aggressive growth in Japan’s reuse market despite margin pressure from its evolving business mix.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1887.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. reported strong results for the nine months ended November 30, 2025, with existing-store sales growth of 4.8% year on year and non-consolidated existing stores posting year-on-year sales gains for 51 consecutive months. Transaction volume rose 5.1% while average spending per sale remained essentially flat, reflecting robust consumer demand for reuse items amid inflation and the success of promotions focused on low-priced products. Net sales climbed 15.3% year on year to ¥35.1 billion and operating profit increased 12.2% to ¥3.3 billion, with both metrics reaching record highs for the first nine months of a fiscal year. The company also advanced its physical expansion, opening 28 new stores in the period and finalizing plans to open a total of 32 stores in the current fiscal year, underscoring its growth strategy and strengthening its position in the reuse retail market.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1871.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. reported solid growth for the nine months ended November 30, 2025, with net sales rising 15.3% year-on-year to ¥35.2 billion and profit attributable to owners of parent increasing 14.7% to ¥2.25 billion, while maintaining a healthy balance sheet with total assets of ¥24.6 billion and an equity ratio of 47.9%. The company plans to raise its full-year dividend to ¥39.00 per share, up from ¥36.00 in the previous year, and reaffirmed its earnings outlook for the fiscal year ending February 28, 2026, projecting a 9.6% increase in net sales and an 11.0% rise in profit attributable to owners of parent, signaling continued confidence in its growth trajectory and shareholder returns despite a slight decline in its equity capital ratio.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1871.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. has approved a digital transformation of its shareholder benefit program, shifting from paper-based coupons to app-based points and coupons via its Trefac App starting with shareholders of record at the end of February 2026. Under the revised scheme, shareholders holding at least 100 shares will receive shopping discount points called “Trepo” (1 point = 1 yen) instead of physical discount coupons, with 1,000 yen-equivalent points for 100–399 shares and 2,000 yen-equivalent for 400 shares or more, redeemable both in-store and online without a minimum spend and with validity effectively extended through integration with regular customer benefits; buyback price increase coupons of 20% remain unchanged. The move is designed to enhance convenience and provide a seamless digital user experience for shareholders while cutting costs and reducing environmental impact through paperless operations, reinforcing Treasure Factory’s broader push toward digitalization and potentially strengthening shareholder engagement and loyalty.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1701.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory reported strong results for the nine months ended November 30, 2025, with existing-store sales up 4.8% year on year and non-consolidated existing stores achieving year-on-year sales growth for 51 consecutive months since September 2021. Driven by inflation-boosted demand for reuse items and effective promotions of low-priced products, the number of sales rose to 105.1% year on year while average transaction value remained stable, lifting net sales to a record 35.1 billion yen and operating profit to a record 3.3 billion yen, both more than 10% higher than the previous year. The company is also progressing well with its expansion strategy, opening 28 new stores in the first nine months and finalizing plans to reach a total of 32 openings in the full fiscal year, reinforcing its growth trajectory and positioning in the reuse retail market.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1701.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. reported strong consolidated results for the nine months ended November 30, 2025, with net sales rising 15.3% year-on-year to ¥35.2 billion and profit attributable to owners of parent up 14.7% to ¥2.25 billion, reflecting continued growth in its reuse-focused retail operations. The company’s total assets and shareholders’ equity both increased, while the equity ratio remained robust just under 50%, and management maintained its full-year earnings and dividend forecasts, signaling confidence in sustaining profit growth and shareholder returns despite a moderating rate of expansion compared with the previous fiscal year.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1701.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory reported that December 2025 non-consolidated net sales rose 12.3% year on year for all stores and 3.4% for existing stores, marking the 52nd consecutive month of existing-store sales growth despite having one fewer weekend and holiday than a year earlier. Strong demand for winter clothing amid a late-month temperature drop, along with continued growth in fashion accessories, hobby goods, and sports and outdoor categories, underpinned the solid performance, while network adjustments continued with two new fashion and brand stores opening and one fashion store closing due to a fixed-term lease expiry, bringing the total store count to 234.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1946.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.
Treasure Factory Co., Ltd. reported a strong performance in November 2025, with net sales increasing by 115.2% year-on-year for all stores and 105.7% for existing stores. This marks the 51st consecutive month of growth in existing store sales, driven by increased demand for winter clothing and continued growth in fashion accessories, hobby goods, and sports and outdoor products. The company also expanded its footprint with the opening of four new stores in November, indicating a strategic push to strengthen its market presence.
The most recent analyst rating on (JP:3093) stock is a Hold with a Yen1946.00 price target. To see the full list of analyst forecasts on Treasure Factory Co., Ltd. stock, see the JP:3093 Stock Forecast page.