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Matsuya Co., Ltd.
(8237)
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Rating:55Neutral
Price Target:
¥1,830.00
▼(-0.87% Downside)
Action:Reiterated
Date:06/27/26
Overall score is driven by middling fundamentals: earnings recovery and improved leverage are offset by historically inconsistent free cash flow and signs of moderating margins. Technical momentum is supportive but nearing overbought levels, while valuation is the largest headwind due to the high P/E and low dividend yield.
Positive Factors
Improving leverage
Sustained reduction in leverage to sub-1.0 debt-to-equity across 2023–2026 reflects balance-sheet repair and greater financial flexibility. This durable improvement lowers refinancing risk, supports investment or store upkeep, and buffers the company during retail cyclicality over the next several months.
Negative Factors
Inconsistent free cash flow
Repeated negative free cash flow across multiple years reduces internal funding for capex, working capital, and dividends, raising reliance on debt or equity when cycles turn. Even with 2026 improvement, inconsistent FCF weakens resilience to retail downturns and constrains strategic initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Sustained reduction in leverage to sub-1.0 debt-to-equity across 2023–2026 reflects balance-sheet repair and greater financial flexibility. This durable improvement lowers refinancing risk, supports investment or store upkeep, and buffers the company during retail cyclicality over the next several months.
Read all positive factors
Matsuya Co., Ltd. (8237) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥92.33B
Dividend Yield0.83%
Average Volume (3M)257.03K
Price to Earnings (P/E)41.2
Beta (1Y)0.91
Revenue Growth-5.02%
EPS Growth-4.83%
CountryJP
Employees862
SectorGeneral
Sector StrengthN/A
IndustryDepartment Stores
Share Statistics
EPS (TTM)41.93
Shares Outstanding53,289,640
10 Day Avg. Volume382,500
30 Day Avg. Volume257,026
Financial Highlights & Ratios
PEG Ratio-9.20
Price to Book (P/B)5.04
Price to Sales (P/S)2.94
P/FCF Ratio38.22
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)50.9
Revenue Forecast (FY)¥50.00B
Matsuya Co., Ltd. Business Overview & Revenue Model
Company Description
Matsuya Co., Ltd. operates and owns department stores in Ginza and Asakusa, Japan. The company’s department stores provide women's and men’s fashion products, including clothing, bags, shoes, wallets and small leather goods, and accessories, as we...
How the Company Makes Money
Matsuya primarily makes money through department store retail operations. Its core revenue stream is sales of merchandise to customers (e.g., apparel, cosmetics, accessories, household goods and other department-store categories), where earnings a...
Matsuya Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
56
Neutral
Cash Flow
44
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 45.71B | 48.12B | 41.25B | 34.40B | 65.04B |
| Gross Profit | 23.51B | 24.57B | 21.72B | 17.18B | 13.25B |
| EBITDA | 3.93B | 5.48B | 4.48B | 1.73B | 3.05B |
| Net Income | 2.19B | 2.38B | 2.63B | 4.38B | 1.00B |
Balance Sheet | |||||
| Total Assets | 76.14B | 76.11B | 68.87B | 63.89B | 54.26B |
| Cash, Cash Equivalents and Short-Term Investments | 4.74B | 3.91B | 3.25B | 6.31B | 2.44B |
| Total Debt | 22.71B | 21.82B | 18.12B | 19.18B | 20.13B |
| Total Liabilities | 48.66B | 46.90B | 42.05B | 41.04B | 36.25B |
| Stockholders Equity | 26.64B | 28.26B | 25.95B | 22.06B | 17.25B |
Cash Flow | |||||
| Free Cash Flow | 3.51B | -1.19B | -366.00M | -1.69B | -1.98B |
| Operating Cash Flow | 4.72B | 3.07B | 2.30B | 2.35B | -1.25B |
| Investing Cash Flow | 143.00M | -5.53B | -4.02B | 2.47B | 5.38B |
| Financing Cash Flow | -4.03B | 3.13B | -1.34B | -955.00M | -4.71B |
Matsuya Co., Ltd. Technical Analysis
Positive
1846.00
Price Trends
1552.74
Positive
1828.48
Negative
1795.35
Negative
Market Momentum
42.29
Negative
57.93
Neutral
48.79
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 1633.40, above the 50-day MA of 1552.74, and above the 200-day MA of 1795.35, indicating a neutral trend. The MACD of 42.29 indicates Negative momentum. The RSI at 57.93 is Neutral, neither overbought nor oversold. The STOCH value of 48.79 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥212.66B | 12.33 | ― | 3.01% | 8.62% | 43.05% | |
62 Neutral | ¥173.99B | 10.45 | ― | 2.18% | 8.15% | 21.40% | |
58 Neutral | ¥171.46B | -32.01 | ― | 1.77% | 15.30% | -594.22% | |
57 Neutral | ¥169.55B | 24.10 | ― | 1.44% | -0.40% | 45.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥92.33B | 41.21 | ― | 0.83% | -5.02% | -4.83% | |
50 Neutral | ¥53.09B | -6.86 | ― | 0.94% | 2.58% | -34.49% |
* General Sector Average
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Matsuya Co., Ltd. Corporate Events
Matsuya’s May Sales Rise on Strong Ginza and Non-Clothing Demand
Jun 8, 2026
Matsuya reported its May 2026 monthly sales, highlighting divergent performance between its key locations and merchandise categories. The Ginza Store showed strong year-on-year sales growth despite a decline in customer traffic, while the Asakusa ...
Matsuya Releases May 2026 Monthly Sales Report for Ginza and Asakusa Stores
Jun 1, 2026
Matsuya Co., Ltd. reported its monthly sales results for May 2026, noting that department store business sales by store continue to be disclosed under the conventional standard despite the adoption of a new revenue recognition standard from fiscal...
Matsuya Issues Correction to Officer Change Notice
Jun 1, 2026
Matsuya Co., Ltd. announced that it has identified an error in a previously released notice concerning changes in its officers, originally disclosed on May 28, 2026. The company issued a correction and directed stakeholders to the updated informat...
Matsuya Shareholders Approve All Proposals at 157th General Meeting
Jun 1, 2026
Matsuya Co., Ltd. announced the results of voting at its 157th Ordinary General Meeting of Shareholders held on May 28, 2026, confirming that all three proposals on the agenda were approved as originally submitted. The smooth passage of all items ...
Matsuya Reshapes Leadership With Board-Approved Personnel Changes
May 28, 2026
Matsuya Co., Ltd. announced that its Board of Directors, at a meeting held on May 28, 2026, approved changes in officers and other personnel. While detailed information is only available in Japanese, the move signals adjustments in the companyR...
Matsuya’s April Sales Highlight Strength at Ginza and Weakness at Asakusa
May 11, 2026
Matsuya Co., Ltd. reported April 2026 monthly sales for its department store business, highlighting a clear divergence between its Ginza and Asakusa locations as well as by merchandise category. The Ginza Store recorded solid year‑on‑y...
Matsuya Discloses April 2026 Department Store Sales Under Conventional Metric
May 1, 2026
Matsuya Co., Ltd. reported its monthly sales for April 2026, disclosing year-on-year performance for its department store business on the conventional standard despite having adopted a new revenue recognition standard from fiscal 2021. The limited...
Matsuya Profit Slumps and Outlook Darkens Despite Stable Dividend
Apr 14, 2026
Matsuya Co., Ltd. reported consolidated net sales of ¥45.7 billion for the fiscal year ended February 28, 2026, down 5.0% year on year, with operating income falling 41.2% to ¥2.6 billion and profit attributable to owners of parent decli...
Matsuya Revises 2027 Targets and Cash Allocation in Updated Global Strategy
Apr 14, 2026
Matsuya Co., Ltd. has revised its medium-term management plan titled “Aiming to Become a Global Destination” to reflect recent business performance trends and shifts in the broader economic environment. The updated plan includes new ta...
Matsuya to Seek Shareholder Approval for Amendments to Articles of Incorporation
Apr 14, 2026
Matsuya Co., Ltd. has resolved at its April 14, 2026 Board of Directors meeting to propose a partial amendment to its Articles of Incorporation. The proposal will be submitted for approval at the company’s 157th Ordinary General Meeting of S...
Matsuya Reshapes Board and Key Personnel Roles
Apr 14, 2026
Matsuya Co., Ltd. announced that its board of directors, at a meeting held on April 14, 2026, approved a series of changes to its directors and other key personnel assignments. While detailed role adjustments were disclosed only in the original Ja...
Matsuya Beats Full-Year Forecasts on Strong Duty-Free Sales and Cost Controls
Apr 14, 2026
Matsuya Co., Ltd. reported that its full-year results for the fiscal year ended February 28, 2026 exceeded earlier forecasts, driven by stronger-than-expected duty-free sales and robust spending by foreign tourists other than Chinese visitors. Con...
Matsuya Posts Mixed March Sales as Ginza Holds Firm but Asakusa Slumps
Apr 10, 2026
Matsuya Co., Ltd. reported March 2026 department store sales showing a modest overall decline, with total company sales down 4.3% year on year and customer traffic down 3.1%. Performance diverged between locations, as the Ginza store recorded a sl...
Matsuya Balances New Revenue Rules With Traditional Store Sales Disclosure
Apr 1, 2026
Matsuya Co., Ltd., the Tokyo-based department store operator, continues to highlight performance at its core Ginza and Asakusa locations while maintaining traditional disclosure methods for store-level sales. The company has adopted the revenue re...
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.