Mammy Mart Corporation (9823) AI Stock Analysis

• Market Cap: ¥94.14B
• Dividend Yield: 1.34%
• Average Volume (3M): 73.79K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.46
• Revenue Growth: 20.50%
• EPS Growth: 10.77%
• Country: JP
• Employees: 1,041
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Grocery Stores
• EPS (TTM): 33.79
• Shares Outstanding: 53,983,967
• 10 Day Avg. Volume: 56,990
• 30 Day Avg. Volume: 73,793
• PEG Ratio: 1.21
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 28.03
• 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: 71 Outperform
• Price Target: ¥1,582.00 ▲(7.84% Upside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

Mammy Mart Corporation's stock score is driven by solid financial performance and positive technical indicators. The company's consistent revenue growth and effective equity utilization are key strengths, although challenges in profit margins and debt management persist. The stock's valuation is reasonable, and technical analysis suggests a bullish trend, contributing to a favorable outlook.

Positive Factors

Consistent Revenue Growth

Sustained double-digit revenue growth indicates expanding same-store sales and/or successful new store and online expansion. Over 2-6 months this supports scale economics, funds reinvestment in stores and e‑commerce, and validates customer demand for the core grocery offering.

Omnichannel model and private-label capability

A combined physical and online footprint plus loyalty and private‑label programs diversifies revenue and deepens customer relationships. Structurally this reduces single-channel risk, improves customer lifetime value, and allows margin capture via store brands over the medium term.

Strong return on equity

ROE near mid-teens signals effective deployment of shareholder capital and profit generation from assets. This enduring efficiency supports internal funding for expansion, demonstrates management competence, and provides a buffer when margins fluctuate in a low-margin retail sector.

Negative Factors

Low net profit margin

A sub-3% net margin constrains ability to absorb cost inflation, invest in growth, or build reserves. In grocery—an intense price-competitive sector—low margins mean earnings are sensitive to input cost swings and pricing pressures, limiting durable profit expansion.

Pressure on operational margins

Declining gross and operating margins point to rising costs or weaker pricing power. Over the medium term this can erode cash generation and require either efficiency programs or higher prices, both of which are difficult in a competitive grocery market and can harm volume.

Free cash flow volatility

Volatile free cash flow and a lower free cash flow to net income ratio reduce financial flexibility for capex, store refreshes, or debt repayment. Structurally this raises refinancing and investment risk, potentially forcing tradeoffs between growth and balance sheet repair.

Mammy Mart Corporation Business Overview & Revenue Model

Company Description

Mammy Mart Corporation (9823) is a retail company specializing in grocery and convenience store operations. With a focus on providing quality products at competitive prices, Mammy Mart offers a wide range of items including fresh produce, dairy, canned goods, household supplies, and personal care products. The company operates both physical storefronts and an online shopping platform, catering to a diverse customer base across urban and suburban areas.

How the Company Makes Money

Mammy Mart Corporation generates revenue primarily through the sale of groceries and convenience items in its stores and online. Key revenue streams include in-store sales, e-commerce transactions, and loyalty program memberships that encourage repeat purchases. The company also benefits from partnerships with local food suppliers and distributors, which help maintain a steady supply of fresh products and seasonal promotions. Additionally, Mammy Mart may engage in private label branding, where it offers store-branded products at lower prices compared to national brands, further enhancing its profit margins. Seasonal promotions and community engagement initiatives also drive foot traffic and sales, contributing to overall earnings.

Mammy Mart Corporation Financial Statement Overview

Summary

Mammy Mart Corporation demonstrates solid financial health with consistent revenue growth and effective equity utilization. However, the company faces challenges in maintaining profit margins and managing debt levels. Cash flow management shows improvement, but further stability is needed to ensure long-term financial resilience.

Income Statement

Mammy Mart Corporation has shown consistent revenue growth over the years, with a notable 5.23% increase in the latest period. The gross profit margin is stable at around 23%, although it has slightly decreased from previous years. The net profit margin is modest at 2.71%, reflecting competitive pressures in the grocery industry. EBIT and EBITDA margins have slightly declined, indicating some pressure on operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.47, suggesting a higher reliance on debt financing, but it remains manageable. Return on equity is strong at 12.38%, indicating effective use of shareholder funds. The equity ratio is stable, showing a balanced approach to asset financing.

Cash Flow

Operating cash flow is robust, but the free cash flow has seen fluctuations, with a recent positive turnaround. The operating cash flow to net income ratio is healthy, but the free cash flow to net income ratio is lower, indicating potential reinvestment or debt servicing needs.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	193.69B	160.74B	145.04B	133.00B	136.68B
Gross Profit	44.50B	39.05B	36.53B	34.47B	34.92B
EBITDA	10.60B	9.29B	8.16B	6.98B	7.79B
Net Income	5.25B	4.73B	4.31B	3.42B	3.93B
Balance Sheet
Total Assets	86.79B	73.38B	66.43B	60.92B	57.29B
Cash, Cash Equivalents and Short-Term Investments	2.52B	2.65B	6.91B	2.84B	3.26B
Total Debt	19.91B	14.45B	5.33B	10.94B	9.68B
Total Liabilities	44.37B	35.47B	32.42B	28.86B	28.01B
Stockholders Equity	42.37B	37.87B	33.98B	32.03B	29.25B
Cash Flow
Free Cash Flow	2.45B	-2.73B	12.31B	1.23B	4.68B
Operating Cash Flow	10.18B	925.00M	14.71B	4.33B	6.93B
Investing Cash Flow	-9.77B	-5.74B	-2.50B	-2.83B	-1.95B
Financing Cash Flow	-543.00M	560.00M	-8.14B	-1.91B	-4.23B

Mammy Mart Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1467.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9823, the sentiment is Positive. The current price of 1467 is below the 20-day moving average (MA) of 1503.50, below the 50-day MA of 1499.84, and above the 200-day MA of 1347.55, indicating a bullish trend. The MACD of 64.47 indicates Negative momentum. The RSI at 80.12 is Negative, neither overbought nor oversold. The STOCH value of 98.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9823.

Mammy Mart Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7508	76 Outperform	¥66.77B	12.60	―	2.85%	11.38%	4.28%
3539	75 Outperform	¥88.21B	13.97	―	0.70%	8.48%	26.56%
8167	74 Outperform	¥60.28B	11.45	―	3.31%	4.92%	19.73%
2742	72 Outperform	¥105.07B	11.22	―	1.47%	7.75%	-1.68%
9823	71 Outperform	¥94.14B	16.05	―	1.34%	20.50%	10.77%
7596	66 Neutral	¥32.62B	22.69	―	2.22%	7.94%	-8.55%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%