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Yamada Denki Co
(9831)
Yamada Denki Co (9831) vs. iShares MSCI Japan ETF (EWJ)
Yamada Denki Co Business Overview & Revenue Model
Yamada Denki Co Financial Statement Overview
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.63T | 1.63T | 1.59T | 1.60T | 1.62T | 1.75T |
| Gross Profit | 456.60B | 457.36B | 454.22B | 448.77B | 464.96B | 521.04B |
| EBITDA | 69.71B | 72.17B | 67.10B | 70.18B | 95.38B | 100.73B |
| Net Income | 26.15B | 26.91B | 24.05B | 31.82B | 50.55B | 51.80B |
Balance Sheet | ||||||
| Total Assets | 1.40T | 1.32T | 1.29T | 1.27T | 1.27T | 1.25T |
| Cash, Cash Equivalents and Short-Term Investments | 61.90B | 68.38B | 55.24B | 47.24B | 57.18B | 74.44B |
| Total Debt | 324.44B | 325.55B | 315.83B | 319.54B | 238.14B | 235.25B |
| Total Liabilities | 758.09B | 679.71B | 664.82B | 659.41B | 595.39B | 580.06B |
| Stockholders Equity | 633.31B | 639.32B | 618.64B | 606.58B | 658.43B | 650.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.32B | 28.22B | 22.20B | -8.47B | 98.99B |
| Operating Cash Flow | 0.00 | 51.57B | 54.56B | 43.74B | 21.08B | 122.28B |
| Investing Cash Flow | 0.00 | -35.14B | -21.91B | -25.21B | -22.27B | -14.78B |
| Financing Cash Flow | 0.00 | -4.06B | -25.59B | -29.45B | -16.65B | -82.84B |
Yamada Denki Co Technical Analysis
Yamada Denki Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥28.70B | 12.36 | ― | 3.77% | 7.88% | -5.92% | |
74 Outperform | ¥359.43B | 8.80 | ― | 1.35% | 15.92% | 52.76% | |
66 Neutral | ¥306.59B | 16.14 | 11.17% | 2.61% | 5.63% | 25.64% | |
65 Neutral | ¥234.04B | 16.57 | ― | 2.23% | 3.24% | 12.49% | |
64 Neutral | ¥482.65B | 16.61 | 4.18% | 2.57% | 1.26% | 14.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥266.72B | 24.71 | ― | 2.72% | 2.23% | 57.10% |
Yamada Denki Co Corporate Events
Yamada Holdings has reported the status of its ongoing share repurchase program, authorized by its board in May 2025 under provisions of the Companies Act. During the most recent period from February 1 to February 28, 2026, the company did not acquire any of its own shares through market purchases under its discretionary trading contract.
Under the broader buyback authorization allowing up to 40 million shares or ¥20 billion through March 31, 2026, Yamada Holdings has cumulatively repurchased 33,637,100 shares for approximately ¥15.49 billion as of February 28, 2026. The scale of the program indicates a significant capital allocation toward shareholder returns, while the pause in February suggests tactical timing in executing the remaining capacity before the authorization expires.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen621.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Net sales for the nine months to December 31, 2025 edged up 1.2% year on year to ¥1,208.0 billion, but operating profit fell 10.9% to ¥35.1 billion and profit attributable to owners of parent declined 12.6% to ¥22.2 billion, pressured by weaker profitability despite modest revenue growth. Basic earnings per share decreased to ¥32.79 from ¥36.72 as margins softened and treasury stock increased, even as the balance sheet grew to ¥1,419.2 billion in total assets.
The equity-to-asset ratio slipped to 44.9% from 48.1% as equity remained largely flat, highlighting a more leveraged financial profile while the group continues to expand. Despite the profit decline year on year, Yamada kept its full-year forecasts unchanged, targeting higher sales and a 14.2% rise in operating profit and lifting the planned annual dividend to ¥17 per share, underscoring management’s confidence in earnings recovery and ongoing shareholder returns.
Treasury shares climbed to roughly 305.6 million by the end of December 2025, reinforcing capital efficiency and supporting per-share metrics over time, although it dampened the equity ratio in the near term. The termination of the trust-type employee stock ownership incentive plan in September 2025 slightly reshapes the company’s equity structure but is unlikely to significantly affect its overall financial strategy or investor positioning.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen593.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings will undertake a large-scale disposal of inventory accumulated from past store closures to accelerate sales of key private-brand and SPA products and strengthen its balance sheet amid rising interest rates. The move, framed as part of its mid-term plan to lift its price-to-book ratio above 1x by March 2030, is expected to generate losses of about ¥24 billion at the gross, operating and ordinary profit levels, and roughly ¥16 billion in profit attributable to owners for the year ending March 2026.
In parallel, the company plans to sell roughly ¥27 billion in idle real estate and inefficient store assets over the current and next fiscal years, using the proceeds to pay down interest-bearing debt and improve capital efficiency and total asset turnover. Despite the one-off hit from inventory disposal, Yamada will maintain a year-end dividend of ¥17 per share for the fiscal year ending March 2026, up from ¥13 the previous year, signaling continued shareholder returns while it restructures its asset base.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen576.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings reported a 1.2% year-on-year increase in net sales to ¥1,208.0 billion for the nine months to December 31, 2025, but saw operating profit and ordinary profit each decline 10.9%, with profit attributable to owners of parent falling 12.6% to ¥22.2 billion and basic EPS down to ¥32.79. Despite margin pressure and a lower equity-to-asset ratio of 44.9% amid an expanded balance sheet, the company kept its full-year forecast unchanged, projecting a 4.2% rise in net sales and a 14.2% increase in operating profit, and plans to raise its annual dividend to ¥17 per share for the fiscal year ending March 31, 2026, signaling confidence to shareholders even as short-term profitability softens.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen573.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings has continued its share buyback program authorized by its board in May 2025, acquiring 1,035,700 common shares on the market between January 1 and January 31, 2026, at a total cost of ¥549,066,017 through discretionary trading. Under the broader authorization to repurchase up to 40 million shares or ¥20 billion by March 31, 2026, the company has cumulatively bought back 33,637,100 shares for approximately ¥15.49 billion as of January 31, 2026, signaling an ongoing commitment to shareholder returns and potential capital efficiency improvements ahead of the program’s scheduled end.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen564.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings has resolved to acquire all 10,484,550 shares of residential equipment maker TOCLAS, Inc., turning it into a subsidiary as part of a strategy to strengthen its Housing Segment and advance its “Total-Living” strategy. By integrating TOCLAS—an established manufacturer of residential fixtures and appliances with a solid customer, supplier and subcontractor base—Yamada aims to generate broad synergies, including lower procurement costs through joint purchasing, streamlined production by sharing factories and outsourcing with group company Housetec, and expanded sales through complementary product lineups in core categories such as kitchens and baths. The group also plans to integrate logistics using Yamada Denki’s network, leverage in‑house retail and housing manufacturers to push TOCLAS products, and boost customer touchpoints via home renovation corners in Yamada Denki stores, which should enhance the profitability and competitiveness of its housing-related operations and deepen its presence in the residential equipment market.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen550.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings has continued its share buyback program authorized by its board on May 8, 2025, acquiring 2,981,200 common shares on the market between December 1 and December 31, 2025, at a total cost of ¥1,435,220,784 through discretionary trading. Under the broader authorization to repurchase up to 40 million shares or ¥20 billion by March 31, 2026, the company had cumulatively bought back 32,601,400 shares for ¥14,943,585,487 as of December 31, 2025, signaling an ongoing capital policy focused on shareholder returns and balance sheet optimization within the approved limits.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen493.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.
Yamada Holdings has entered into a capital and business alliance with AI-focused start-up TechSuite, Inc., subscribing ¥500 million in newly issued shares and formalizing a partnership to deepen the retailer’s use of generative AI and big data. Building on prior collaboration using TechSuite’s “Bakuyasu AI Article Service” and embedded on-site consulting, the tie-up aims to advance the group’s “Total-Living” and “YAMADA Economy” strategies by improving productivity, operational efficiency, digital sales promotion, and AI-driven member services, while also prioritizing human resource development and know-how sharing; the company expects minimal short-term earnings impact but sees significant potential to enhance its medium- to long-term corporate value and competitive positioning in AI and DX within Japan’s retail sector.
The most recent analyst rating on (JP:9831) stock is a Hold with a Yen493.00 price target. To see the full list of analyst forecasts on Yamada Denki Co stock, see the JP:9831 Stock Forecast page.