BOOKOFF GROUP HOLDINGS LIMITED (JP:9278)
:9278
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BOOKOFF GROUP HOLDINGS LIMITED
(9278)
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Rating:59Neutral
Price Target:
¥1,932.00
▲(9.96% Upside)
Action:Downgraded
Date:06/02/26
The score is driven primarily by solid revenue growth and strong gross margins, offset by thin net profitability, rising leverage, and uneven cash-flow conversion. Technicals are mixed (near-term weakness vs. longer-term uptrend), while valuation is moderately supportive.
Positive Factors
Steady revenue growth
Consistent multi-year top-line expansion demonstrates sustainable demand for the reuse retail model. Steady revenue growth supports scale benefits across procurement and distribution, enabling gradual store/online channel investment and reducing reliance on one-off sales spikes.
Negative Factors
Rising leverage
Material increase in leverage reduces financial flexibility for a low-margin retailer. Higher debt levels raise interest and refinancing risk, constrain capital allocation for store upgrades or e-commerce expansion, and magnify downside in economic slowdowns or margin compression.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent multi-year top-line expansion demonstrates sustainable demand for the reuse retail model. Steady revenue growth supports scale benefits across procurement and distribution, enabling gradual store/online channel investment and reducing reliance on one-off sales spikes.
Read all positive factors
BOOKOFF GROUP HOLDINGS LIMITED (9278) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥34.22B
Dividend Yield1.73%
Average Volume (3M)77.80K
Price to Earnings (P/E)14.0
Beta (1Y)0.46
Revenue Growth7.61%
EPS Growth57.19%
CountryJP
Employees1,689
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)107.07
Shares Outstanding20,547,413
10 Day Avg. Volume55,970
30 Day Avg. Volume77,803
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)1.50
Price to Sales (P/S)0.23
P/FCF Ratio30.76
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)139
Revenue Forecast (FY)¥133.10B
BOOKOFF GROUP HOLDINGS LIMITED Business Overview & Revenue Model
Company Description
Bookoff Group Holdings Limited oversees a retail enterprise specializing in pre-owned goods, with operations spanning Japan, Malaysia, the United States, and France. Under its BOOKOFF brand, the company's stores acquire and retail an extensive sel...
How the Company Makes Money
The company primarily makes money by retailing pre-owned goods acquired through customer buybacks and other procurement routes, earning a gross margin on the spread between purchase (buyback) prices and resale prices. Key revenue streams typically...
BOOKOFF GROUP HOLDINGS LIMITED Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | Aug 2024 | May 2023 | May 2022 | May 2022 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.20B | 111.66B | 101.84B | 91.54B | 80.23B |
| Gross Profit | 67.75B | 62.77B | 58.42B | 54.21B | 48.76B |
| EBITDA | 5.65B | 4.95B | 4.28B | 3.34B | 3.24B |
| Net Income | 2.10B | 1.71B | 2.77B | 1.45B | 134.57M |
Balance Sheet | |||||
| Total Assets | 57.59B | 54.54B | 50.21B | 45.10B | 40.32B |
| Cash, Cash Equivalents and Short-Term Investments | 6.63B | 7.18B | 5.54B | 8.20B | 5.84B |
| Total Debt | 26.59B | 22.38B | 20.92B | 18.19B | 18.13B |
| Total Liabilities | 38.72B | 34.03B | 31.15B | 28.61B | 27.38B |
| Stockholders Equity | 18.63B | 20.24B | 18.86B | 16.36B | 12.85B |
Cash Flow | |||||
| Free Cash Flow | 908.00M | 2.35B | -1.79B | 1.90B | 1.55B |
| Operating Cash Flow | 3.06B | 4.08B | 243.00M | 2.78B | 2.23B |
| Investing Cash Flow | -2.51B | -2.39B | -3.45B | -1.86B | -1.33B |
| Financing Cash Flow | -1.12B | -124.00M | 490.00M | 1.41B | -1.16B |
BOOKOFF GROUP HOLDINGS LIMITED Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥50.32B | 15.52 | ― | 2.19% | 15.14% | 17.01% | |
79 Outperform | ¥34.23B | 13.62 | ― | 3.77% | 17.14% | 8.81% | |
72 Outperform | ¥219.56B | 29.97 | ― | 0.64% | 53.35% | 107.20% | |
67 Neutral | ¥83.27B | 9.53 | ― | 1.81% | 12.53% | 92.28% | |
66 Neutral | ¥32.23B | 11.66 | ― | 0.95% | 15.82% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥34.22B | 13.98 | ― | 1.73% | 7.61% | 57.19% |
* Consumer Cyclical Sector Average
JP:9278
BOOKOFF GROUP HOLDINGS LIMITED
1,952.00
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40.92%
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BOOKOFF GROUP HOLDINGS LIMITED Corporate Events
Bookoff to Launch Taiwan Subsidiary as Part of Overseas Reuse Expansion
May 19, 2026
BOOKOFF GROUP HOLDINGS LIMITED will establish a wholly owned sub-subsidiary, BOOKOFF TAIWAN CO., LTD., in Taipei through its unit BOOKOFF INTERNATIONAL LTD. The new company, capitalized at TWD 30 million and scheduled to launch in July 2026, will ...
BOOKOFF Posts Strong April Same-Store Growth and Expands Network in Japan and U.S.
May 7, 2026
BOOKOFF GROUP HOLDINGS LIMITED reported solid April 2026 performance in its Japan BOOKOFF operations, with existing store sales up 8.6% year on year and total store sales rising 10.3%. The company cited strong net sales in trading cards and hobby ...
Bookoff Restructures Overseas Operations With Internal Company Split
Apr 21, 2026
Bookoff Group Holdings Limited has approved an internal absorption-type company split between two wholly owned subsidiaries to reorganize its overseas operations. Bookoff Corporation will transfer part of its overseas business-related functions, i...
BOOKOFF Outlines 3Q FY2026 Results, Growth Initiatives and Governance Measures
Apr 13, 2026
BOOKOFF GROUP HOLDINGS LIMITED has released supplementary financial data for the third quarter of the fiscal year ending May 2026, outlining consolidated results, segment performance, and the status of its domestic operations. The disclosure point...
BOOKOFF lifts profits, raises dividend forecast on strong nine-month performance
Apr 13, 2026
BOOKOFF GROUP HOLDINGS posted solid results for the nine months to February 28, 2026, with net sales rising 8.4% year on year to ¥95.8 billion and profit attributable to owners of parent climbing 18.4% to ¥2.34 billion, reflecting improv...
BOOKOFF Raises Full-Year Earnings Forecast on Strong Domestic and Online Sales
Apr 13, 2026
BOOKOFF GROUP HOLDINGS LIMITED has revised upward its full-year consolidated forecast for the fiscal year ending May 31, 2026, citing stronger-than-expected performance in its domestic BOOKOFF operations and premium services business. Robust third...
Bookoff Japan Same-Store Sales Rise 5.5% in March on Broad-Based Demand
Apr 6, 2026
Bookoff Group Holdings reported that existing store sales in its Japan BOOKOFF operations rose 5.5% year on year in March, with total store sales up 6.0%. Growth was driven by higher net sales across trading cards and hobby goods, apparel, home ap...
Bookoff boosts February sales and opens new Japan and U.S. stores
Mar 5, 2026
Bookoff Group Holdings, a major player in Japan’s reuse and secondhand retail market, continues to manage a sizable network of directly operated and franchised stores domestically and abroad, including a premium services segment. The group i...
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.