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Tenmaya Store Co., Ltd.
(9846)
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Rating:66Neutral
Price Target:
¥1,082.00
▲(8.20% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid (but low-margin) financial performance with a meaningfully de-risked balance sheet, offset by the sharp 2026 free-cash-flow compression. Valuation is a clear positive due to the low P/E, while technicals are neutral-to-mildly positive with limited near-term momentum.
Positive Factors
De-risked balance sheet
A meaningful decline in leverage over several years materially reduces default and refinancing risk, giving management financial flexibility to fund capex or weather sales volatility. Lower debt also supports steady dividends and preserves strategic optionality over the next 2–6 months and beyond.
Negative Factors
Very thin profitability
Low single-digit net margins leave limited room to absorb commodity, labor, or rent inflation without profit erosion. Such a narrow cushion amplifies operational risk, constrains internal reinvestment, and makes earnings sensitive to small adverse cost or volume shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
A meaningful decline in leverage over several years materially reduces default and refinancing risk, giving management financial flexibility to fund capex or weather sales volatility. Lower debt also supports steady dividends and preserves strategic optionality over the next 2–6 months and beyond.
Read all positive factors
Tenmaya Store Co., Ltd. (9846) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.57B
Dividend Yield1.54%
Average Volume (3M)4.40K
Price to Earnings (P/E)7.8
Beta (1Y)0.12
Revenue Growth1.39%
EPS Growth7.63%
CountryJP
Employees501
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)128.34
Shares Outstanding11,550,000
10 Day Avg. Volume4,860
30 Day Avg. Volume4,396
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.41
Price to Sales (P/S)0.19
P/FCF Ratio210.43
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)N/A
Revenue Forecast (FY)N/A
Tenmaya Store Co., Ltd. Business Overview & Revenue Model
Company Description
Tenmaya Store Co., Ltd. manages a network of retail outlets throughout Japan. These establishments provide customers with a diverse selection of merchandise, encompassing foodstuffs, general household goods, and apparel. The company, which commenc...
How the Company Makes Money
Tenmaya Store Co., Ltd. primarily makes money through retail sales generated at its department stores: revenue is recognized when customers purchase merchandise in-store (and through any associated sales channels operated by the company, if applic...
Tenmaya Store Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.58B | 59.24B | 58.68B | 58.57B | 57.74B | 67.13B |
| Gross Profit | 18.79B | 17.45B | 17.51B | 17.88B | 17.31B | 17.74B |
| EBITDA | 3.82B | 3.82B | 3.84B | 3.89B | 3.72B | 3.89B |
| Net Income | 1.47B | 1.35B | 1.58B | 1.19B | 1.07B | 1.06B |
Balance Sheet | ||||||
| Total Assets | 47.17B | 45.51B | 42.05B | 42.75B | 43.77B | 43.44B |
| Cash, Cash Equivalents and Short-Term Investments | 799.38M | 581.52M | 571.77M | 708.29M | 822.02M | 553.95M |
| Total Debt | 4.84B | 4.75B | 4.53B | 6.29B | 8.84B | 10.20B |
| Total Liabilities | 19.14B | 17.76B | 15.71B | 17.90B | 20.06B | 20.79B |
| Stockholders Equity | 27.99B | 27.71B | 26.30B | 24.81B | 23.68B | 22.63B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 53.39M | 2.03B | 2.74B | 2.77B | 2.34B |
| Operating Cash Flow | 0.00 | 2.95B | 2.96B | 3.72B | 3.64B | 4.16B |
| Investing Cash Flow | 0.00 | -2.69B | -834.59M | -1.13B | -885.00M | -1.44B |
| Financing Cash Flow | 0.00 | -252.93M | -2.26B | -2.70B | -2.49B | -3.21B |
Tenmaya Store Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥104.22B | 10.58 | ― | 2.59% | 0.95% | 3.40% | |
68 Neutral | ¥57.92B | 9.97 | ― | 1.34% | 21.78% | 12.45% | |
67 Neutral | ¥223.56B | 17.43 | ― | 2.62% | 3.25% | 1.50% | |
67 Neutral | ¥12.90B | 9.18 | ― | 2.32% | 0.54% | ― | |
66 Neutral | ¥11.57B | 7.84 | ― | 1.55% | 1.39% | 7.63% | |
65 Neutral | ¥138.97B | 11.33 | ― | 1.90% | 7.40% | -1.99% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
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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.