Takashimaya Company Limited (JP:8233)
:8233
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Takashimaya Company
(8233)
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Rating:71Outperform
Price Target:
¥2,075.00
▲(26.99% Upside)
Action:ReiteratedDate:02/04/26
The score is driven primarily by improved financial performance (stronger margins and recovery in earnings with manageable leverage), partially offset by weaker cash-flow conversion. Technically, the trend is strong, but overbought signals raise near-term pullback risk. Valuation is reasonable on earnings but supported by only a modest dividend yield.
Positive Factors
Improving Profitability
Sustained mid-teens gross margins and improved EBIT/net margins indicate structural margin recovery across core retail operations. Higher margins provide durable buffer against sales volatility, enable reinvestment in store experience and brands, and support consistent earnings generation over multi-quarter horizons.
Negative Factors
Weak Cash Conversion
Lower cash conversion versus reported earnings suggests working-capital swings or higher investments tying up cash. This structural gap reduces liquidity available for capex, debt service or dividends in tougher quarters and raises refinancing or short-term funding risks if sales soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Sustained mid-teens gross margins and improved EBIT/net margins indicate structural margin recovery across core retail operations. Higher margins provide durable buffer against sales volatility, enable reinvestment in store experience and brands, and support consistent earnings generation over multi-quarter horizons.
Read all positive factors
Takashimaya Company (8233) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥576.74B
Dividend Yield1.84%
Average Volume (3M)1.95M
Price to Earnings (P/E)14.4
Beta (1Y)1.10
Revenue Growth0.42%
EPS Growth20.25%
CountryJP
Employees6,733
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)28.86
Shares Outstanding305,208,920
10 Day Avg. Volume2,037,170
30 Day Avg. Volume1,950,910
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.81
Price to Sales (P/S)0.77
P/FCF Ratio8.82
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)126.5
Revenue Forecast (FY)¥498.35B
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 ...
How the Company Makes Money
Takashimaya primarily earns revenue by operating department stores and related retail businesses. Its main revenue stream is merchandise sales to consumers across major categories such as fashion/apparel, luxury and branded goods, cosmetics, and f...
Takashimaya Company Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 490.58B | 498.49B | 466.13B | 443.44B | 761.12B | 680.90B |
| Gross Profit | 297.74B | 266.18B | 244.04B | 227.61B | 201.49B | 181.10B |
| EBITDA | 86.64B | 90.72B | 80.46B | 66.10B | 35.78B | 14.57B |
| Net Income | 43.17B | 39.52B | 31.62B | 27.84B | 5.36B | -33.97B |
Balance Sheet | ||||||
| Total Assets | 1.34T | 1.30T | 1.27T | 1.18T | 1.14T | 1.15T |
| Cash, Cash Equivalents and Short-Term Investments | 81.67B | 90.54B | 94.75B | 90.84B | 90.67B | 106.68B |
| Total Debt | 339.30B | 341.47B | 345.81B | 303.81B | 302.23B | 293.54B |
| Total Liabilities | 832.48B | 795.66B | 791.67B | 741.71B | 723.84B | 735.39B |
| Stockholders Equity | 477.35B | 473.05B | 454.08B | 413.33B | 398.57B | 394.32B |
Cash Flow | ||||||
| Free Cash Flow | 24.77B | 43.68B | 31.68B | 10.48B | -11.89B | 20.30B |
| Operating Cash Flow | 64.54B | 72.49B | 59.54B | 36.50B | 21.04B | 43.72B |
| Investing Cash Flow | -35.14B | -39.69B | -38.50B | -10.71B | -37.12B | -27.03B |
| Financing Cash Flow | -35.74B | -41.77B | -20.60B | -32.43B | -4.76B | 2.30B |
Takashimaya Company Technical Analysis
Positive
1634.00
Price Trends
1994.43
Negative
1853.19
Positive
1609.48
Positive
Market Momentum
14.57
Negative
54.09
Neutral
84.41
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 1896.65, below the 50-day MA of 1994.43, and above the 200-day MA of 1609.48, indicating a neutral trend. The MACD of 14.57 indicates Negative momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 84.41 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥1.12T | 9.13 | 9.37% | 2.59% | -1.22% | -10.82% | |
71 Outperform | ¥576.74B | 14.44 | 9.06% | 1.84% | 0.42% | 20.25% | |
66 Neutral | ¥666.58B | 22.09 | 7.58% | 2.58% | 6.52% | -31.67% | |
66 Neutral | ¥310.75B | 2.68 | 4.97% | 2.01% | 2.00% | -68.35% | |
65 Neutral | ¥1.14T | 14.50 | 9.25% | 1.48% | -2.86% | 14.93% | |
64 Neutral | ¥2.05T | 39.08 | 17.34% | 0.72% | 18.58% | 7.54% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:8233
Takashimaya Company
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900.24
84.91%
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Takashimaya Company Corporate Events
Takashimaya Reports Weaker February Store Sales Amid Shift Toward E-Commerce
Mar 16, 2026
Takashimaya’s February 2026 monthly sales report shows overall weakness in its department store operations, with total sales at its 13 stores down year on year and customer traffic also declining, partly affected by the January closure of th...
Takashimaya Completes Full Conversion of 2028 Zero Coupon Convertible Bonds
Mar 9, 2026
Takashimaya Company, Limited has completed the full conversion of its zero coupon convertible bonds due 2028 into common shares, eliminating the remaining 10 million yen face value that was still outstanding as of late February. The bonds, origina...
Takashimaya to Fully Redeem Remaining Zero Coupon Convertible Bonds Due 2028
Feb 27, 2026
Takashimaya Company, Limited has decided to implement an early redemption of all outstanding Zero Coupon Convertible Bonds due 2028 under a clean-up clause, at 100% of face value. The bonds, originally issued in December 2018 with a total issue am...
Takashimaya Cancels 3.3% of Outstanding Shares to Streamline Capital Structure
Feb 27, 2026
Takashimaya Company, Limited has canceled 10,357,400 of its common shares, representing 3.3% of its outstanding stock, under a resolution approved by its board of directors on February 19, 2026. Following the cancellation, which was completed on F...
Takashimaya Retires Bulk of 2028 Convertible Bonds, Books Extraordinary Loss
Feb 24, 2026
Takashimaya Company has finalized the terms and results of its tender offer to repurchase and cancel its Zero Coupon Convertible Bonds due 2028, fixing the purchase price at ¥21,900,200 per bond for early tenders and ¥21,800,200 for othe...
Takashimaya to Book ¥71 Billion Extraordinary Loss on Bond Buyback, Swings to FY Profit Forecast Loss
Feb 24, 2026
Takashimaya said it will book an extraordinary loss of ¥71.29 billion after buying back and cancelling its zero coupon convertible bonds due 2028, following the finalization of the tender offer results and purchase price totaling about ¥...
Takashimaya reshapes top management, appoints Makino as new representative director
Feb 19, 2026
Takashimaya Company, Limited has appointed Koichi Makino as Senior Managing Director and Representative Director, also serving as General Manager of the Sales Headquarters and overseeing the Life Design Office, effective March 1, 2026. The move is...
Takashimaya to Adopt Audit and Supervisory Committee Structure to Boost Governance
Feb 19, 2026
Takashimaya will shift its corporate governance structure from a company with a board of company auditors to a company with an audit and supervisory committee, subject to shareholder approval at its 160th Ordinary General Meeting in May 2026. The ...
Takashimaya to Cancel 3.3% of Shares After Bond Buyback Nears Completion
Feb 19, 2026
Takashimaya has resolved to cancel 10,357,400 of its common treasury shares, representing 3.3% of its outstanding shares, with the effective date set for February 27, 2026. Following the cancellation, the company will have 305,208,916 shares outst...
Takashimaya Posts Broad-Based January Sales Growth as Core Stores and E-Commerce Advance
Feb 16, 2026
Takashimaya reported a solid increase in January 2026 sales across its department store network, with total sales at 14 stores up 6.7% year on year and customer traffic rising 1.3%, while its 12 core stores saw sales climb 7.0%. Growth was driven ...
Takashimaya to Book Large Extraordinary Loss on Bond Buyback, Slashes Full-Year Profit Forecast
Jan 30, 2026
Takashimaya will record a substantial extraordinary loss stemming from its tender offer to repurchase and cancel Zero Coupon Convertible Bonds due 2028, after fixing the total face value of bonds to be bought back at ¥59.99 billion. Based on ...
Takashimaya Sets ¥59.99 Billion Convertible Bond Buyback, Plans Early Redemption of Remainder
Jan 30, 2026
Takashimaya Company, Limited has fixed the total face value of zero coupon convertible bonds due 2028 to be purchased via its tender offer at ¥59.99 billion, of which ¥57.93 billion qualifies for an early tender premium, with the purchas...
Takashimaya Extends Tender Offer Period for 2028 Convertible Bond Buyback
Jan 13, 2026
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 t...
Takashimaya Steadies Q3 Outlook as Finance Arm Gains Traction and Domestic Shoppers Offset Inbound Risk
Jan 13, 2026
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 transa...
Takashimaya Updates Tender Offer Pricing for 2028 Zero Coupon Convertible Bonds
Jan 7, 2026
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 B...
Takashimaya Warns of Profit Hit From Buyback and Cancellation of 2028 Convertible Bonds
Jan 6, 2026
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’ pur...
Takashimaya to Buy Back and Cancel ¥60 Billion in Convertible Bonds, Delaying Treasury Share Cancellation
Jan 6, 2026
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 quic...
Takashimaya Maintains Full-Year Outlook as Nine-Month Profit Rises Despite Softer Revenue
Jan 6, 2026
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 attri...
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.