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BOOKOFF GROUP HOLDINGS LIMITED
(9278)
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Rating:68Neutral
Price Target:
¥3,164.00
▲(16.24% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by improving financial performance (revenue growth and stronger 2026 cash generation), tempered by thin margins and meaningful leverage. Technically, the trend is strong with price above major moving averages, but overbought momentum indicators add near-term risk. Valuation appears reasonable rather than compelling given a mid-range P/E and modest dividend yield.
Positive Factors
Recommerce business model and diversified assortment
BOOKOFF's recommerce model monetizes consumer-sourced inventory across books, media, apparel and branded goods. That circular, asset-light supply provides steady inventory access, category diversification and a durable spread between purchase and resale prices, supporting long-term gross margins and competitive positioning.
Negative Factors
Structurally thin and volatile net margins
A net margin of ~2.1% with historical volatility leaves minimal buffer against cost inflation, supply shocks or demand softness. Low bottom-line profitability constrains retained earnings for reinvestment and makes the company more sensitive to adverse operating conditions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recommerce business model and diversified assortment
BOOKOFF's recommerce model monetizes consumer-sourced inventory across books, media, apparel and branded goods. That circular, asset-light supply provides steady inventory access, category diversification and a durable spread between purchase and resale prices, supporting long-term gross margins and competitive positioning.
Read all positive factors
BOOKOFF GROUP HOLDINGS LIMITED (9278) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥48.97B
Dividend Yield1.3%
Average Volume (3M)77.80K
Price to Earnings (P/E)17.3
Beta (1Y)0.34
Revenue Growth9.16%
EPS Growth47.03%
CountryJP
Employees1,838
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)157.43
Shares Outstanding20,547,413
10 Day Avg. Volume55,970
30 Day Avg. Volume77,803
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.53
Price to Sales (P/S)0.25
P/FCF Ratio11.83
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)149.8
Revenue Forecast (FY)¥132.50B
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 makes money mainly through its operating subsidiaries by monetizing the spread between (1) the price it pays to procure inventory from consumers and businesses (buyback/purchase of used items) and (2) the price at which it resells thos...
BOOKOFF GROUP HOLDINGS LIMITED Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | May 2025 | Aug 2024 | May 2023 | May 2022 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 130.12B | 119.20B | 111.66B | 101.84B | 91.54B |
| Gross Profit | 73.83B | 67.75B | 62.77B | 58.42B | 54.21B |
| EBITDA | 6.81B | 5.65B | 4.95B | 4.28B | 3.34B |
| Net Income | 2.76B | 2.10B | 1.71B | 2.77B | 1.45B |
Balance Sheet | |||||
| Total Assets | 60.94B | 57.59B | 54.54B | 50.21B | 45.10B |
| Cash, Cash Equivalents and Short-Term Investments | 6.46B | 6.63B | 7.18B | 5.54B | 8.20B |
| Total Debt | 25.84B | 26.59B | 22.38B | 20.92B | 18.19B |
| Total Liabilities | 39.50B | 38.72B | 34.03B | 31.15B | 28.61B |
| Stockholders Equity | 21.15B | 18.63B | 20.24B | 18.86B | 16.36B |
Cash Flow | |||||
| Free Cash Flow | 2.74B | 908.00M | 2.35B | -1.79B | 1.90B |
| Operating Cash Flow | 4.89B | 3.06B | 4.08B | 243.00M | 2.78B |
| Investing Cash Flow | -3.04B | -2.51B | -2.39B | -3.45B | -1.86B |
| Financing Cash Flow | -2.10B | -1.12B | -124.00M | 490.00M | 1.41B |
BOOKOFF GROUP HOLDINGS LIMITED Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥50.94B | 14.67 | ― | 2.19% | 15.56% | 21.99% | |
71 Outperform | ¥37.57B | 11.10 | ― | 3.77% | 23.51% | 56.52% | |
68 Neutral | ¥48.97B | 17.28 | ― | 1.32% | 9.16% | 47.03% | |
68 Neutral | ¥91.18B | 9.66 | ― | 1.81% | 16.16% | 176.37% | |
62 Neutral | ¥209.41B | 28.24 | ― | 0.64% | 57.65% | 100.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ¥28.91B | 7.90 | ― | 0.95% | 22.26% | ― |
* General Sector Average
JP:9278
BOOKOFF GROUP HOLDINGS LIMITED
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BOOKOFF GROUP HOLDINGS LIMITED Corporate Events
BOOKOFF Releases FY5/2026 Results and Outlook for FY5/2027
Jul 31, 2026
BOOKOFF GROUP HOLDINGS LIMITED has released its financial results presentation materials for the fiscal year ended May 2026, outlining consolidated performance, segment highlights, progress on medium-term management goals, and alliance initiatives...
BOOKOFF Corrects Note in FY2026 Consolidated Results Without Changing Financial Figures
Jul 14, 2026
BOOKOFF GROUP HOLDINGS LIMITED has issued a correction to its consolidated financial results for the fiscal year ended May 31, 2026, under Japanese GAAP. The change affects a note in the consolidated statement of comprehensive income regarding val...
BOOKOFF Group Outlines FY2026 Results and Expansion Plans
Jul 13, 2026
BOOKOFF GROUP HOLDINGS LIMITED released supplementary financial data for the fiscal year ended May 2026, outlining consolidated results and segment performance. The materials also detail measures to prevent fraudulent activities and provide an ear...
BOOKOFF Group Lifts Earnings and Dividend as Reuse Retailer Strengthens Balance Sheet
Jul 13, 2026
BOOKOFF GROUP HOLDINGS reported strong results for the fiscal year ended May 31, 2026, with net sales rising 9.2% to ¥130.1 billion and profit attributable to owners of parent climbing 31.5% to ¥2.76 billion, boosting margins and lifting...
BOOKOFF Lifts Earnings Forecasts and Hikes Dividend on Strong Core Operations
Jul 13, 2026
BOOKOFF Group posted net sales of ¥130.1 billion for the year ended May 31, 2026, modestly above its prior forecast, with operating and ordinary profits as well as profit attributable to owners of parent all surpassing guidance. Strong sales ...
BOOKOFF Posts Solid June Sales Growth as Store Network Expands
Jul 6, 2026
Existing BOOKOFF stores in Japan posted a 4.5% year-on-year increase in net sales for June 2026, with total store sales up 5.5%, extending a run of monthly gains seen through the FY5/2026 period. Growth was broad-based across trading cards and hob...
BOOKOFF boosts May sales on broad category strength and new Tokyo store
Jun 4, 2026
BOOKOFF GROUP HOLDINGS reported robust sales growth in May 2026 for its Japan BOOKOFF operations, with existing store sales up 14.8% year on year and total store sales rising 16.2%. Strong performance in trading cards and hobby goods, software med...
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 ...
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.