Yamada Denki Co (9831) AI Stock Analysis

• Market Cap: ¥455.72B
• Dividend Yield: 2.57%
• Average Volume (3M): 2.56M
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.42
• Revenue Growth: 1.26%
• EPS Growth: 14.65%
• Country: JP
• Employees: 25,526
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 14.06
• Shares Outstanding: 966,863,200
• 10 Day Avg. Volume: 2,255,050
• 30 Day Avg. Volume: 2,560,496
• PEG Ratio: 0.93
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 28.87
• 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: 64 Neutral
• Price Target: ¥590.00 ▲(10.74% Upside)

The overall stock score is primarily influenced by stable financial performance and reasonable valuation metrics. However, technical indicators suggest bearish momentum, which weighs down the score. The absence of significant earnings call insights or corporate events leaves the financial and technical analysis as the main drivers of the score.

Positive Factors

Balance sheet strength

Moderate debt-to-equity and a solid equity ratio indicate a durable capital structure that can absorb retail demand swings. This manageable leverage supports ongoing store investment, vendor programs and working capital needs, preserving financial flexibility over the coming months.

Operating cash flow generation

Robust operating cash flow that funds capex demonstrates the core retail model generates sustainable internal liquidity. This reduces reliance on external financing for store refurbishments, logistics and IT, strengthening the firm's ability to invest and execute strategy over a multi‑month horizon.

Margin profile and operational profitability

Consistently strong gross margins and healthy EBIT/EBITDA reflect effective cost control and higher‑margin service/accessory sales. Those structural margins help sustain profitability through competitive cycles and support reinvestment in customer services and store capabilities over time.

Negative Factors

Declining free cash flow growth

A multi‑year decline in free cash flow reduces discretionary cash for dividends, buybacks or M&A and can constrain strategic investments. Even with strong operating cash flow, persistent FCF erosion limits capital allocation flexibility and heightens vulnerability to unexpected expenses.

Net profit margin volatility

Volatile net profit margins suggest sensitivity to pricing, product mix and cost pressure, undermining earnings predictability. Margin swings complicate planning for reinvestment and shareholder returns and can signal weaker resilience to competitive or input‑cost shocks.

ROE below prior peaks

ROE not back to historical peaks implies the company may be less efficient at converting equity into returns versus prior periods. This can indicate operational or margin headwinds and suggests room for improvement to raise long‑term shareholder returns and capital efficiency.

Yamada Denki Co Business Overview & Revenue Model

Company Description

Yamada Holdings Co., Ltd. operates in the consumer electronics retailing activities. The company's Consumer Electronics segment operates a network of consumer electronics stores that sell home appliances, furniture, interior products, etc., as well as engages in the specialty retailing of private label apparel products. Its Housing segment provides smart homes, as well as engages in the new build sale and homes rebuild, and renovation activities. The company's Environmental Resources Development segment is involved in the product reuse and recycling, waste reduction, and recycled materials usage activities. Its Finance segment develops a range of financial products, including mortgages, non-life insurance products, life planning, and payment services. The company's Services segment engages in the trading of house building materials and housing equipment, as well as in construction, wholesale, restaurants, and travel service industries. The company was formerly known as Yamada Denki Co., Ltd. and changed its name to Yamada Holdings Co., Ltd. in October 2020. Yamada Holdings Co., Ltd. was founded in 1973 and is headquartered in Takasaki, Japan.

How the Company Makes Money

Yamada Denki's revenue model primarily revolves around the retail sales of consumer electronics and home appliances. The company generates income through direct sales in its physical stores as well as its online platform. Key revenue streams include sales of products such as TVs, smartphones, and white goods, as well as service offerings including installation and repairs. Additionally, Yamada Denki benefits from strong partnerships with major electronics manufacturers, which can provide exclusive deals and promotional pricing, enhancing their competitive advantage. Seasonal promotions, loyalty programs, and financing options for customers also contribute to driving sales, while the company's extensive store network helps capture a broad customer base, thus sustaining its revenue growth.

Yamada Denki Co Financial Statement Overview

Summary

Yamada Denki Co is operating with stable revenue and profitability metrics, maintaining a healthy balance sheet with moderate leverage. While the operational cash flow remains strong, the decline in free cash flow growth is a concern. The company is positioned well within the specialty retail sector, but it must focus on improving cash flow generation and optimizing net income to enhance overall financial health.

Income Statement

Yamada Denki Co has shown a stable revenue stream with slight growth over recent years. The gross profit margin has remained strong, reflecting efficient cost management. However, the net profit margin has seen some fluctuations due to varying levels of net income. EBIT and EBITDA margins are healthy, indicating good operational profitability, but there is room for improvement to reach peak historical levels.

Balance Sheet

The company's debt-to-equity ratio is moderate, suggesting a balanced approach to leveraging. Return on equity is satisfactory, though it hasn't fully recovered to past peaks. The equity ratio indicates a stable asset base with a solid foundation of stockholders' equity. Overall, the balance sheet shows a stable financial position with manageable leverage.

Cash Flow

Cash flow from operations is robust and supports the company's capital expenditures. However, there has been a decline in free cash flow in recent years, which may impact future flexibility. The operating cash flow to net income ratio suggests efficient cash conversion, but the drop in free cash flow growth highlights a potential risk area.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
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

• Technical Analysis Sentiment: Positive
• Last Price: 532.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9831, the sentiment is Positive. The current price of 532.8 is below the 20-day moving average (MA) of 539.21, above the 50-day MA of 512.55, and above the 200-day MA of 472.18, indicating a bullish trend. The MACD of 8.97 indicates Positive momentum. The RSI at 61.55 is Neutral, neither overbought nor oversold. The STOCH value of 65.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9831.

Yamada Denki Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7419	74 Outperform	¥326.05B	7.99	―	1.35%	15.92%	52.76%
2730	70 Outperform	¥219.86B	16.65	―	2.23%	3.24%	12.49%
8282	67 Neutral	¥253.32B	23.15	―	2.72%	2.23%	57.10%
3048	66 Neutral	¥296.49B	15.60	11.17%	2.61%	5.63%	25.64%
9831	64 Neutral	¥455.72B	14.08	4.18%	2.57%	1.26%	14.65%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Yamada Denki Co Corporate Events

Yamada Holdings Nears Completion of ¥20 Billion Share Buyback Program

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 to Make Residential Equipment Maker TOCLAS a Subsidiary to Bolster Housing Strategy

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 Reports Progress on Ongoing Share Buyback Program

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 Buys into AI Start-up TechSuite to Power “Total-Living” DX Push

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.

Yamada Holdings Announces Share Buyback Progress

Yamada Holdings Co., Ltd announced the acquisition of 4,107,000 of its own common shares at a total cost of ¥1,900,824,803 during November 2025. This move is part of a larger plan approved in May 2025, allowing for the acquisition of up to 40 million shares, aiming to enhance shareholder value and optimize capital structure.

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 Denki Co. Reports Stable Financial Performance Amid Slight Profit Decline

Yamada Denki Co. reported its consolidated financial results for the six months ending September 30, 2025, showing a slight increase in net sales by 0.5% year-on-year to ¥800,099 million. Despite the rise in sales, the company experienced a decline in operating profit by 6.7% and ordinary profit by 3.4%. The profit attributable to owners of the parent remained almost flat with a marginal increase of 0.1%. The company’s financial position remains stable with total assets at ¥1,334,100 million and an equity-to-asset ratio of 47.4%. The forecast for the fiscal year ending March 31, 2026, anticipates a 4.2% increase in net sales and a 14.2% rise in operating profit, indicating a positive outlook for the company’s future performance.

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 Introduces Employee Share Incentive Plan

Yamada Holdings Co., Ltd has announced a plan to dispose of its own shares as part of a restricted share incentive plan aimed at its employees. This initiative is designed to enhance employee welfare and align their interests with shareholders by allowing them to acquire company shares. The plan is expected to support employees in asset building and motivate them to contribute to the company’s medium-term management goals, thereby promoting sustainable corporate value enhancement.

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 Denki Co Reports Mixed Financial Results for First Half of 2025

Yamada Denki Co reported its consolidated financial results for the six months ending September 30, 2025, showing a slight increase in net sales by 0.5% to ¥800,099 million compared to the previous year. Despite this, the company experienced a decline in operating profit by 6.7% and ordinary profit by 3.4%. The company forecasts a 4.2% increase in net sales and a 14.2% rise in operating profit for the fiscal year ending March 31, 2026, indicating a positive outlook for future growth.

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 Announces Share Buyback Strategy

Yamada Holdings Co., Ltd has announced the acquisition of its own shares, purchasing 4,257,700 common shares for approximately ¥1.99 billion between October 1 and October 31, 2025. This move is part of a broader strategy approved by the Board of Directors to acquire up to 40 million shares by March 2026, aiming to enhance shareholder value and optimize capital structure.

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.