Ryohin Keikaku Co (7453) AI Stock Analysis

• Market Cap: ¥1.72T
• Dividend Yield: 0.72%
• Average Volume (3M): 8.54M
• Price to Earnings (P/E): 28.8
• Beta (1Y): 0.66
• Revenue Growth: 18.58%
• EPS Growth: 7.54%
• Country: JP
• Employees: 12,071
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 41.56
• Shares Outstanding: 561,560,000
• 10 Day Avg. Volume: 11,489,550
• 30 Day Avg. Volume: 8,537,133
• PEG Ratio: -0.86
• Price to Book (P/B): 5.11
• Price to Sales (P/S): 2.16
• P/FCF Ratio: 33.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥4,200.00
• Price Target Upside: 38.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥3,493.00 ▲(15.39% Upside)

The score is driven primarily by solid financial performance (strong margins and stable balance sheet), partially offset by inconsistent free cash flow. Technicals are supportive due to the price trading above major moving averages, but mixed momentum (negative MACD, high RSI) tempers the outlook. Valuation is a notable constraint given the higher P/E and low dividend yield.

Positive Factors

Strong brand & DTC model

Ryohin Keikaku's Muji brand and integrated DTC model (stores + e-commerce) create durable customer loyalty and recurring revenue. Economies of scale in procurement and a sustainability focus support stable gross margins and pricing power, helping the business withstand competitive pressure.

Consistent revenue and healthy margins

Sustained revenue growth combined with robust gross and EBIT/EBITDA margins indicates effective cost control and product mix. These durable earnings characteristics underpin cash generation potential and capacity to reinvest in the brand, supporting mid-term operational stability.

Stable balance sheet and manageable leverage

A solid capital structure and reasonable leverage provide financial flexibility for store investments, international expansion, or downturns. Decent ROE shows effective use of equity, reducing refinancing risk and enabling longer-term strategic initiatives without excessive balance-sheet strain.

Negative Factors

Inconsistent free cash flow

Volatile free cash flow limits reliable internal funding for capex, dividends, or M&A and increases dependence on external financing. Over 2–6 months this variability can constrain strategic programs and reduces margin of safety when profits don’t consistently convert to cash.

Moderate net profit margin

A gap between strong gross margins and moderate net margins suggests structural cost or SG&A pressure. Persistently modest net profitability reduces retained earnings and sensitivity to cost inflation, limiting long-term ability to scale margins or absorb adverse macro shifts.

Significant reliance on physical stores

Heavy dependence on brick-and-mortar sales creates structural fixed-cost exposure (rent, staffing, capex). Shifts in consumer behavior toward online channels or prolonged retail disruptions can pressure margins and cash flow, requiring continued investment in omnichannel capabilities.

Ryohin Keikaku Co Business Overview & Revenue Model

Company Description

Ryohin Keikaku Co., Ltd. develops, manufactures, distributes, and sells apparel, household goods, furniture, and food items. It offers apparel products comprising shirts, denim jeans, socks, handkerchiefs, bags, and sneakers; household products, including towels, mattress, toilet papers, toning water, and cleaning systems; furniture products comprising beds, desks, chairs, and storage and children's furniture; and food products, including baumkuchen banana, chocolate coated strawberry, butter chicken curry, and cricket crackers, as well as houses The company also engages in the design, manufacturing, and sale of home furnishings, such as furniture, accessories, antiques, curtains, and rugs; design, consultation, and production of residential and commercial spaces; interior design, furniture sales, and hotel businesses activities; and provision of healthcare services. In addition, it operates MUJI to GO shops that offer travel, commuting, business, study, and play products; Found MUJI; MUJI com, which sells daily necessity products; Café&Meal MUJI; IDEE stores; campsites; and muji.com, an online store. As of August 31, 2021, it operated 456 MUJI stores, 31 Café&Meal MUJI, and 10 IDEE stores in Japan; and 546 MUJI stores and 25 Café&Meal MUJI internationally. Ryohin Keikaku Co., Ltd. was incorporated in 1979 and is based in Tokyo, Japan.

How the Company Makes Money

Ryohin Keikaku generates revenue primarily through the sale of its Muji products across various retail channels, including physical stores and online platforms. The company operates a large network of retail locations, both in Japan and overseas, which contributes significantly to its earnings through direct consumer sales. Additionally, Ryohin Keikaku engages in wholesale operations, supplying its products to other retailers and businesses. The company's revenue model is supported by a focus on cost-efficient operations and a strong brand identity that attracts a loyal customer base. Significant factors contributing to its earnings include a commitment to quality, innovation in product design, and strategic partnerships with suppliers and distributors, which enhance its supply chain efficiency.

Ryohin Keikaku Co Financial Statement Overview

Summary

Solid fundamentals overall: strong revenue growth and healthy gross/EBIT/EBITDA margins (income statement score 78) and a stable, balanced balance sheet (72). The main drag is cash-flow quality/consistency (cash flow score 65) with fluctuating free cash flow generation.

Income Statement

Ryohin Keikaku Co has shown consistent revenue growth over the years, with a recent growth rate of 3.64%. The company maintains a strong gross profit margin, indicating effective cost management. However, the net profit margin is moderate, suggesting room for improvement in operational efficiency. The EBIT and EBITDA margins are healthy, reflecting solid earnings before interest and taxes.

Balance Sheet

The company's balance sheet is stable, with a manageable debt-to-equity ratio indicating a balanced approach to leverage. The return on equity is decent, showing effective use of shareholder funds. The equity ratio suggests a solid capital structure, although there is potential to improve asset utilization.

Cash Flow

Ryohin Keikaku Co's cash flow statement reveals a positive operating cash flow, which is a good sign of liquidity. However, the free cash flow growth has been inconsistent, with fluctuations over the years. The operating cash flow to net income ratio is reasonable, but the free cash flow to net income ratio indicates variability in cash generation relative to profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	784.63B	784.63B	661.68B	581.41B	496.17B	453.69B
Gross Profit	402.98B	402.98B	336.41B	271.55B	234.36B	222.33B
EBITDA	101.03B	101.03B	91.11B	61.50B	57.84B	70.11B
Net Income	50.85B	50.85B	41.57B	22.05B	24.56B	33.90B
Balance Sheet
Total Assets	562.75B	562.75B	509.55B	453.71B	399.32B	393.36B
Cash, Cash Equivalents and Short-Term Investments	134.93B	134.93B	125.22B	115.04B	90.16B	135.75B
Total Debt	102.13B	102.13B	92.07B	95.66B	76.45B	109.84B
Total Liabilities	226.83B	226.83B	212.55B	186.27B	154.47B	178.49B
Stockholders Equity	332.09B	332.09B	293.30B	264.23B	242.22B	212.80B
Cash Flow
Free Cash Flow	0.00	50.04B	19.57B	30.15B	5.67B	42.52B
Operating Cash Flow	0.00	73.36B	58.50B	56.53B	23.35B	61.45B
Investing Cash Flow	0.00	-40.89B	-27.65B	-22.11B	-16.68B	-13.54B
Financing Cash Flow	0.00	-22.16B	-23.41B	-11.23B	-58.65B	-15.16B

Ryohin Keikaku Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3027.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7453, the sentiment is Positive. The current price of 3027 is below the 20-day moving average (MA) of 3072.03, above the 50-day MA of 2998.39, and below the 200-day MA of 3070.66, indicating a bullish trend. The MACD of 63.57 indicates Negative momentum. The RSI at 61.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7453.

Ryohin Keikaku Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8233	71 Outperform	¥652.78B	15.01	8.54%	1.84%	0.42%	20.25%
7453	66 Neutral	¥1.72T	28.80	16.01%	0.72%	18.58%	7.54%
8242	66 Neutral	¥266.04B	9.57	4.97%	2.01%	2.00%	-68.35%
3099	65 Neutral	¥941.14B	17.13	9.37%	2.59%	-1.22%	-10.82%
8244	65 Neutral	¥74.25B	11.31	―	1.09%	7.55%	89.45%
3086	63 Neutral	¥631.10B	20.89	7.58%	2.58%	6.52%	-31.67%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Ryohin Keikaku Co Corporate Events

Ryohin Keikaku Delivers Strong Q1 Profit Growth and Confirms FY2026 Outlook After Stock Split

Ryohin Keikaku reported strong results for the three months ended 30 November 2025, with operating revenues rising 15.4% year on year to ¥228.2 billion and profit attributable to owners of the parent jumping 47.4% to ¥22.0 billion. Earnings per share increased accordingly, underpinned by higher operating and ordinary profits and an improvement in comprehensive income. The company’s financial position also strengthened, with total assets and net assets both increasing and the capital adequacy ratio edging up to 59.2%, while a recent 2-for-1 stock split was reflected in per-share indicators and share counts. For the full fiscal year ending 31 August 2026, Ryohin Keikaku maintained its earnings forecast, projecting operating revenues of ¥860.0 billion and profit attributable to owners of the parent of ¥53.0 billion, and it plans an annual dividend of ¥28.00 per share post-split, signaling confidence in continued earnings growth. The inclusion of MUJI ENERGY LLC. in the scope of consolidation points to a gradual broadening of its business portfolio, which could have longer-term implications for its cost structure and sustainability positioning.

The most recent analyst rating on (JP:7453) stock is a Hold with a Yen3178.00 price target. To see the full list of analyst forecasts on Ryohin Keikaku Co stock, see the JP:7453 Stock Forecast page.

Ryohin Keikaku Completes Treasury Share Disposal for Director Remuneration

Ryohin Keikaku Co., Ltd. has completed the payment procedures for the disposal of 42,800 treasury shares as transfer-restricted share-based remuneration, following a resolution from their Board of Directors. This strategic move is aimed at aligning the interests of its directors with the company’s performance, potentially impacting its governance and shareholder value.

The most recent analyst rating on (JP:7453) stock is a Buy with a Yen3800.00 price target. To see the full list of analyst forecasts on Ryohin Keikaku Co stock, see the JP:7453 Stock Forecast page.