Takashimaya Company (8233) AI Stock Analysis

• Market Cap: ¥581.67B
• Dividend Yield: 1.84%
• Average Volume (3M): 1.95M
• Price to Earnings (P/E): 13.4
• Beta (1Y): 1.08
• Revenue Growth: 0.42%
• EPS Growth: 20.25%
• Country: JP
• Employees: 6,733
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): N/A
• Shares Outstanding: 315,566,300
• 10 Day Avg. Volume: 2,037,170
• 30 Day Avg. Volume: 1,950,910
• PEG Ratio: 0.37
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.77
• P/FCF Ratio: 8.82
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ¥2,001.00 ▲(22.46% Upside)

The score is driven primarily by solid profitability and manageable leverage, tempered by weakening free cash flow and slowing revenue. Technically, the uptrend is strong versus moving averages, but overbought indicators increase near-term risk. Valuation is supportive with a modest P/E, though the dividend yield is not a major cushion.

Positive Factors

High Profitability Margins

Sustained high gross and operating margins provide structural pricing power and buffer against retail volatility. These margins support reinvestment in service, store experience and partnerships, helping preserve earnings and competitive positioning even if top-line growth softens.

Manageable Leverage & Improving ROE

Moderate leverage combined with a sizable equity base and improving ROE indicates better capital efficiency and financial flexibility. This structural setup allows the company to fund investments, withstand moderate downturns, and pursue strategic initiatives without immediate balance-sheet stress.

Diversified Retail Revenue Streams

A mix of department stores, concessions, food & beverage, e-commerce and luxury partnerships reduces single-channel risk and smooths revenue seasonality. Structural diversification supports customer retention, higher-margin channels and long-term resilience as consumer shopping shifts.

Negative Factors

Slowing Revenue Trend

A declining top line over the trailing period signals persistent demand or competitive challenges. Structurally, weaker revenue constrains investment capacity, pressures margins over time, and raises execution risk for initiatives aimed at offsetting secular retail headwinds.

Weakened Free Cash Flow

A large drop in free cash flow and low conversion versus net income reduce durable financial flexibility. Persistently weak FCF can limit capex, shareholder returns and debt repayment options, forcing reliance on working capital or external funding in adverse conditions.

Large Absolute Debt Load

Even with moderate leverage ratios, a high nominal debt burden increases sensitivity to revenue shocks or rising rates. Structurally, sizeable debt can raise interest costs, limit strategic optionality and increase refinancing risk if cash generation stays pressured.

Takashimaya Company Business Overview & Revenue Model

Company Description

Takashimaya Company, Limited engages in the operation of department stores. Its department stores offer an array of products, including select brand items, clothing, personal items, household goods, groceries, and miscellaneous goods. The company is involved in the development and operation of shopping centers, restaurants, and cafes; provision design and interior decoration services for retail or cultural facilities; and credit card, shopping card, advertising agency, and e-commerce fashion businesses. In addition, it provides personnel services and solutions, including dispatching personnel, outsourcing, and training; wholesale and retail of liquor; event planning services; and building maintenance services. Takashimaya Company, Limited was founded in 1831 and is headquartered in Osaka, Japan.

How the Company Makes Money

Takashimaya generates revenue primarily through its department store operations, which include the sale of a broad array of consumer goods across various categories. The company makes money through direct sales of products, with a significant focus on fashion, cosmetics, and food items. Additionally, Takashimaya earns revenue from its e-commerce platform, which allows customers to purchase goods online, thereby expanding its market reach. Another key revenue stream comes from leasing retail space within its stores to various brand partners and vendors. Strategic partnerships with luxury brands and exclusive product offerings further enhance its sales potential. The company also benefits from its loyalty programs and promotional events that drive customer engagement and repeat business, contributing to its overall profitability.

Takashimaya Company Financial Statement Overview

Summary

Income statement is strong with improved profitability (TTM net margin ~9.7%, EBIT margin ~12.1%) and revenue growth, while the balance sheet shows manageable leverage (debt-to-equity ~0.71) and growing equity. The main drag is cash-flow quality: free cash flow is positive (TTM ~¥24.8B) but conversion is weaker (FCF ~38% of net income), indicating potential working-capital/investment pressure.

Income Statement

Profitability has improved meaningfully versus earlier years, with TTM (Trailing-Twelve-Months) net margin at ~9.7% and EBIT margin at ~12.1% on solid gross margins (~56.9%). Revenue is growing, with TTM showing a strong pickup (+~5.0) and annual revenue rising from 2023 to 2025. The main weakness is volatility in the longer trend: results were materially weaker/loss-making in 2021 and saw a sharp revenue drop in 2022, highlighting cyclicality and sensitivity to demand conditions.

Balance Sheet

Leverage looks manageable with debt-to-equity around ~0.71 in TTM (Trailing-Twelve-Months), and equity has steadily grown over the past several years, supporting balance-sheet resilience. Returns have improved (TTM return on equity ~8.8% vs ~6–8% in recent annual periods), reflecting healthier profitability. The key watch-out is still a meaningful absolute debt load, which can limit flexibility if operating conditions soften.

Cash Flow

Cash generation is positive, with TTM (Trailing-Twelve-Months) operating cash flow of ~¥64.5B and free cash flow of ~¥24.8B, and TTM free cash flow growth is strong (+~56.3). However, cash conversion is a weaker point: free cash flow is only ~38% of net income in TTM (and down from ~60% in FY2025), suggesting working-capital swings and/or higher investment needs can pressure cash flow despite improving earnings.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	498.49B	466.13B	443.44B	761.12B	680.90B
Gross Profit	299.39B	278.56B	261.18B	233.14B	209.28B
EBITDA	98.35B	80.77B	73.66B	39.99B	1.10B
Net Income	39.52B	31.62B	27.84B	5.36B	-33.97B
Balance Sheet
Total Assets	1.30T	1.27T	1.18T	1.14T	1.15T
Cash, Cash Equivalents and Short-Term Investments	90.54B	94.75B	90.84B	90.67B	106.68B
Total Debt	341.47B	345.81B	303.81B	302.23B	293.54B
Total Liabilities	795.67B	791.68B	741.72B	723.85B	735.40B
Stockholders Equity	473.05B	454.07B	413.32B	398.57B	394.31B
Cash Flow
Free Cash Flow	43.68B	31.68B	10.48B	-11.89B	20.30B
Operating Cash Flow	72.49B	59.54B	36.50B	21.04B	43.72B
Investing Cash Flow	-39.69B	-38.50B	-10.71B	-37.12B	-27.03B
Financing Cash Flow	-41.77B	-20.60B	-32.43B	-4.76B	2.30B

Takashimaya Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1634.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8233, the sentiment is Positive. The current price of 1634 is below the 20-day moving average (MA) of 1741.15, below the 50-day MA of 1696.39, and above the 200-day MA of 1377.61, indicating a bullish trend. The MACD of 71.09 indicates Negative momentum. The RSI at 73.92 is Negative, neither overbought nor oversold. The STOCH value of 90.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8233.

Takashimaya Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8237	66 Neutral	¥97.53B	107.14	―	0.83%	1.38%	-87.76%
8242	66 Neutral	¥260.80B	17.60	4.97%	2.01%	2.00%	-68.35%
8233	65 Neutral	¥581.67B	13.37	8.54%	1.84%	0.42%	20.25%
3099	65 Neutral	¥927.91B	16.89	9.37%	2.59%	-1.22%	-10.82%
8244	65 Neutral	¥76.03B	11.58	―	1.09%	7.55%	89.45%
3086	63 Neutral	¥602.55B	19.94	7.58%	2.58%	6.52%	-31.67%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Takashimaya Company Corporate Events

Takashimaya Extends Tender Offer Period for 2028 Convertible Bond Buyback

Takashimaya Company, Limited has amended the terms and timetable of its previously announced tender offer for its Zero Coupon Convertible Bonds due 2028, following a board resolution on January 13, 2026. To accommodate investors who require more time to prepare their bond tenders, the company has extended the tender period from January 15, 2026 to January 29, 2026 and pushed back the planned purchase and cancellation date from February 20, 2026 to February 26, 2026, while also moving the early tender premium deadline and the reference share price calculation period to later dates. These changes are intended to broaden investor participation in the buyback and proceed with the planned cancellation of purchased bonds and related treasury share measures without altering other previously disclosed terms, potentially aiding Takashimaya’s capital structure management and signalling a continued focus on shareholder-oriented financial policies.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2122.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Steadies Q3 Outlook as Finance Arm Gains Traction and Domestic Shoppers Offset Inbound Risk

Takashimaya reported that all business segments are broadly tracking its FY2025 third-quarter forecasts, with particularly strong momentum in its Finance segment driven by a revamped card reward program, robust new member growth, and higher transaction volumes, alongside expansion into private banking and M&A-led investment and lending. In its domestic department stores, solid spending by Japanese customers is offsetting emerging pressure on inbound sales due to China’s travel discouragement and potential flight cuts around Chinese New Year, prompting the company to hold its full-year guidance while working to lift margins by shifting its sales mix toward higher-margin fashion products and maintaining tight control of SG&A, even as it continues to invest in human capital, ESG and digital transformation to underpin its FY2026 profitability and longer-term earnings ambitions.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2122.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Updates Tender Offer Pricing for 2028 Zero Coupon Convertible Bonds

Takashimaya Company, Limited has updated the terms of its previously announced tender offer for its zero coupon convertible bonds due 2028, confirming that the CB ask price used to determine the purchase price is 161.148%, based on the Bloomberg BGN ask price at 15:30 Tokyo time on January 6, 2026. This technical adjustment clarifies the pricing mechanics for bondholders participating in the tender and supports Takashimaya’s broader balance sheet management and capital structure strategy, including the planned cancellation of purchased bonds and related treasury share measures.

The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Warns of Profit Hit From Buyback and Cancellation of 2028 Convertible Bonds

Takashimaya Company’s board has approved the purchase and cancellation of its Zero Coupon Convertible Bonds due 2028 through a tender offer, a move that will generate an extraordinary loss equal to the difference between the bonds’ purchase price and their book value. Because the final loss will depend on how many bonds are tendered, the company cannot yet quantify the impact, but it expects consolidated profit attributable to owners of parent and non-consolidated net profit to decline by roughly 70% of the extraordinary loss after tax effects, and it plans to announce finalized figures and revise its earnings forecast if necessary once the amounts are determined.

The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya to Buy Back and Cancel ¥60 Billion in Convertible Bonds, Delaying Treasury Share Cancellation

Takashimaya’s board has approved a tender offer to purchase the entire ¥60 billion outstanding issue of its zero coupon convertible bonds due 2028 and subsequently cancel them, aiming to execute large-scale shareholder returns more quickly while eliminating future dilution risk now that the share price is trading above the bonds’ conversion price. In connection with this move, the company has decided to postpone a previously scheduled cancellation of treasury shares acquired through buybacks, and it warns that the difference between the purchase price and book value of the bonds will be recorded as an extraordinary loss that could reduce profit attributable to owners of parent and non‑consolidated net profit by roughly 70% of that loss, with earnings forecasts to be revised once the final figures are known.

The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Maintains Full-Year Outlook as Nine-Month Profit Rises Despite Softer Revenue

Takashimaya reported consolidated results for the nine months ended 30 November 2025 showing a slight decline in operating revenue and profits year on year, with total operating revenue down 1.3% and operating profit down 10.3%, while profit attributable to owners of parent rose 14.0% due mainly to share-related factors and other non-operating items that lifted earnings per share to ¥99.00. The retailer maintained its full-year forecast, expecting a modest 1.7% decline in total operating revenue and an 8.7% drop in operating profit, but a slight increase in full-year profit attributable to owners of parent, alongside a planned annual dividend of ¥34 per share; the company also continued its shareholder return measures through treasury share buybacks and the purchase and cancellation of convertible bonds, moves that support per-share metrics and signal a focus on capital efficiency despite softer top-line growth.

The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Completes Treasury Share Purchase to Address ESG Goals

Takashimaya Company, Limited has completed its planned purchase of treasury shares, acquiring 1,484,700 common shares at an aggregate price of 2,471,118,036 yen through open market transactions on the Tokyo Stock Exchange. This purchase is part of a broader initiative resolved by the Board of Directors to buy back up to 15 million shares, with a maximum budget of 15 billion yen, to enhance shareholder value and address key ESG issues. The company plans to allocate the ESG contributions from this scheme to tackle its significant environmental, social, and governance challenges, with further details to be disclosed upon finalization.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen1454.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Advances Treasury Share Purchase Program

Takashimaya Company, Limited has announced the progress of its treasury share purchase program, acquiring 2,352,100 common shares for approximately 3.98 billion yen between October 1 and October 31, 2025. This initiative is part of a larger plan approved by the Board of Directors to purchase up to 15 million shares, aiming to optimize the company’s capital structure and enhance shareholder returns, with a cumulative total of 8,872,700 shares purchased as of the end of October.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen1454.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.

Takashimaya Adjusts FY2025 Sales Growth Plan Amid Market Challenges

Takashimaya Company has revised its net sales growth plan for the second half of FY2025, adjusting expectations due to weak fashion trends among non-VIP customers and weather impacts. Despite these challenges, the company remains optimistic about achieving steady growth, supported by strong sales to inbound travelers and high-ticket item purchases. Takashimaya is focusing on capturing the upper-middle-class segment and younger generations to boost sales, while also implementing cost reduction strategies and digital technology to enhance profitability. The company plans to shift towards shareholder returns, balancing financial soundness with debt utilization, as part of its capital policy.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen1454.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.