Matsuya Co., Ltd. (8237) AI Stock Analysis

• Market Cap: ¥97.53B
• Dividend Yield: 0.83%
• Average Volume (3M): 257.03K
• Price to Earnings (P/E): 107.1
• Beta (1Y): 0.83
• Revenue Growth: 1.38%
• EPS Growth: -87.76%
• Country: JP
• Employees: 829
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 15.24
• Shares Outstanding: 53,289,640
• 10 Day Avg. Volume: 382,500
• 30 Day Avg. Volume: 257,026
• PEG Ratio: -2.55
• Price to Book (P/B): 2.02
• Price to Sales (P/S): 1.19
• P/FCF Ratio: -48.18
• 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: 66 Neutral
• Price Target: ¥1,917.00 ▲(3.85% Upside)

Matsuya Co., Ltd. benefits from strong technical momentum, indicating positive market sentiment. However, the high P/E ratio suggests overvaluation, and financial performance is mixed with revenue growth but cash flow challenges. The lack of earnings call data limits insight into future guidance.

Positive Factors

Revenue Growth

Consistent revenue growth indicates successful market penetration and product demand, supporting long-term business expansion.

Operational Efficiency

Improved operational efficiency enhances profitability and competitiveness, ensuring sustainable business operations over time.

Healthy Equity Ratio

A strong equity ratio indicates financial stability and reduces reliance on debt, providing resilience against economic fluctuations.

Negative Factors

Net Income Pressure

Pressure on net income can limit reinvestment in growth initiatives and affect shareholder returns, posing a risk to long-term profitability.

Negative Free Cash Flow

Negative free cash flow indicates cash outflows exceed inflows, potentially constraining future investment and operational flexibility.

Declining Return on Equity

A declining return on equity suggests reduced profitability and efficiency in generating returns from shareholders' investments.

Matsuya Co., Ltd. Business Overview & Revenue Model

Company Description

Matsuya Co., Ltd. operates department stores in Ginza and Asakusa, Japan. Its department stores provide women's fashion products, cosmetics, fragrances, and watch and jewelry; men's fashion and sports products; children's wear and goods; and household goods. It also engages in mail order and related manufacturing, import/export, and wholesale businesses. Matsuya Co., Ltd. was founded in 1869 and is based in Tokyo, Japan.

How the Company Makes Money

Matsuya Co., Ltd. generates revenue primarily through the sale of merchandise in its department stores and specialty shops. The company's revenue model is based on a traditional retail structure, where it purchases goods from manufacturers and suppliers at wholesale prices and sells them at a markup to consumers. Key revenue streams include apparel, cosmetics, and home goods, as well as seasonal promotions and exclusive product lines. Additionally, Matsuya may engage in partnerships with brands for exclusive product launches or collaborations that drive traffic and sales. The company also benefits from foot traffic in its physical locations, bolstered by its reputation and customer loyalty, which contribute significantly to its earnings.

Matsuya Co., Ltd. Financial Statement Overview

Summary

Matsuya Co., Ltd. shows strong revenue growth and operational efficiency improvements, but faces challenges with net income pressure and negative free cash flow due to high capital expenditures.

Income Statement

Matsuya Co., Ltd. has demonstrated a strong recovery in its income statement with significant revenue growth from prior years. The gross profit margin has improved to a healthy level, indicating effective cost management. However, the net profit margin has decreased slightly compared to the previous year, suggesting some pressure on the bottom line. The improvement in EBIT and EBITDA margins reflects operational efficiency gains. Overall, the income statement shows positive growth trends, but net income pressure remains a concern.

Balance Sheet

The balance sheet of Matsuya Co., Ltd. reflects a stable financial position with a healthy equity ratio, showing reliance on equity financing. The debt-to-equity ratio is moderate, indicating manageable leverage levels. However, the return on equity has declined, reflecting a reduction in profitability. Overall, the balance sheet shows stability but highlights areas for enhancing shareholder returns.

Cash Flow

Cash flow analysis reveals a challenging picture with negative free cash flow, indicating cash outflows exceeding inflows in capital investments. However, the operating cash flow has improved, showing better cash management from core operations. The free cash flow to net income ratio remains negative, highlighting cash flow challenges. Overall, the cash flow statement shows recovery in operational cash generation, but investment outflows continue to pressure free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	46.48B	48.12B	41.25B	34.40B	65.04B	52.73B
Gross Profit	25.19B	24.57B	21.72B	17.18B	13.25B	11.36B
EBITDA	3.27B	5.48B	4.48B	1.73B	3.05B	-2.37B
Net Income	408.00M	2.38B	2.63B	4.38B	1.00B	-4.42B
Balance Sheet
Total Assets	76.11B	76.11B	68.87B	63.89B	54.26B	56.45B
Cash, Cash Equivalents and Short-Term Investments	5.07B	3.91B	3.25B	6.31B	2.44B	2.96B
Total Debt	21.64B	21.82B	18.12B	19.18B	20.13B	24.78B
Total Liabilities	47.03B	46.90B	42.06B	41.04B	36.26B	40.21B
Stockholders Equity	28.27B	28.26B	25.95B	22.06B	17.25B	16.24B
Cash Flow
Free Cash Flow	0.00	-1.19B	-366.00M	-1.69B	-1.98B	-4.09B
Operating Cash Flow	0.00	3.07B	2.30B	2.35B	-1.25B	-2.76B
Investing Cash Flow	0.00	-5.53B	-4.02B	2.47B	5.38B	891.00M
Financing Cash Flow	0.00	3.13B	-1.34B	-955.00M	-4.71B	2.67B

Matsuya Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1846.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8237, the sentiment is Positive. The current price of 1846 is above the 20-day moving average (MA) of 1820.80, above the 50-day MA of 1819.58, and above the 200-day MA of 1352.52, indicating a bullish trend. The MACD of 4.20 indicates Positive momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 52.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8237.

Matsuya Co., Ltd. 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%
3099	65 Neutral	¥927.91B	16.89	9.37%	2.59%	-1.22%	-10.82%
8233	65 Neutral	¥581.67B	13.37	8.54%	1.84%	0.42%	20.25%
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%

Matsuya Co., Ltd. Corporate Events

Matsuya Department Store Sales Decline Broadly in December 2025

Matsuya Co., Ltd. reported December 2025 monthly sales for its department store business, showing an overall year-on-year decline across key indicators such as total sales and customer traffic, with particularly weak performance at the Ginza and Asakusa stores. By merchandise category, most segments including clothing, accessories, general goods, household goods, and foods posted negative year-on-year results, indicating broad-based softness in in-store demand and signaling continued pressure on the company’s core brick-and-mortar retail operations heading into 2026.

The most recent analyst rating on (JP:8237) stock is a Hold with a Yen2117.00 price target. To see the full list of analyst forecasts on Matsuya Co., Ltd. stock, see the JP:8237 Stock Forecast page.

Matsuya Earnings Plunge as Profit Falls 71% but Dividend Policy Held

Matsuya Co., Ltd. reported a sharp deterioration in earnings for the nine months ended November 30, 2025, with net sales down 6.3% year on year to ¥33.8 billion and operating income nearly halved, while profit attributable to owners of parent fell 71.2% to ¥596 million, reflecting a significant squeeze on profitability. The company’s equity ratio declined from 37.1% to 32.4% and net assets per share also weakened, signaling some deterioration in its financial position, even as it maintains its full-year forecast calling for continued declines in sales and profit. Despite the earnings slump, Matsuya kept its dividend stance unchanged in aggregate, paying a higher interim dividend and forecasting a full-year payout of ¥12 per share, suggesting a continued emphasis on shareholder returns amid a tougher operating environment for department store retail in Japan.

The most recent analyst rating on (JP:8237) stock is a Hold with a Yen2117.00 price target. To see the full list of analyst forecasts on Matsuya Co., Ltd. stock, see the JP:8237 Stock Forecast page.

Matsuya Reports Double-Digit December Sales Decline at Ginza and Asakusa Stores

Matsuya Co., Ltd., a Japanese department store operator with key locations in Ginza and Asakusa, reported its monthly sales performance for December 2025. The company disclosed that, under its conventional standard for department store sales, overall sales at the Ginza and Asakusa stores declined year on year, with total company sales, Ginza store sales, and Asakusa store sales falling by 10.1%, 20.1%, and 10.8%, respectively. These figures indicate continued pressure on Matsuya’s brick-and-mortar performance and suggest a challenging operating environment for the company within Japan’s department store industry.

The most recent analyst rating on (JP:8237) stock is a Hold with a Yen2117.00 price target. To see the full list of analyst forecasts on Matsuya Co., Ltd. stock, see the JP:8237 Stock Forecast page.

Matsuya Co., Ltd. Completes Share Repurchase Program

Matsuya Co., Ltd. has completed a share repurchase program as per its Articles of Incorporation, acquiring 293,800 shares at a cost of ¥540,068,800 through market purchases on the Tokyo Stock Exchange. This move is part of a larger plan approved by the Board of Directors to repurchase up to 2,400,000 shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:8237) stock is a Hold with a Yen2117.00 price target. To see the full list of analyst forecasts on Matsuya Co., Ltd. stock, see the JP:8237 Stock Forecast page.

Matsuya Co., Ltd. Announces Treasury Stock Purchase

Matsuya Co., Ltd. has announced a decision to purchase treasury stock through off-auction own share repurchase trading, as resolved in their Board of Directors meeting on October 9, 2025. This move is in accordance with their Articles of Incorporation and the Companies Act, potentially impacting the company’s financial strategy and shareholder value.

The most recent analyst rating on (JP:8237) stock is a Buy with a Yen1326.00 price target. To see the full list of analyst forecasts on Matsuya Co., Ltd. stock, see the JP:8237 Stock Forecast page.