Verite Co., Ltd. (JP:9904)
:9904
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Verite Co., Ltd.
(9904)
Select Model
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Rating:75Outperform
Price Target:
¥451.00
▲(20.59% Upside)
Action:ReiteratedDate:10/16/25
Verite Co., Ltd. scores well due to its strong financial performance and balanced valuation. The technical analysis suggests stability, though not indicating strong momentum. The absence of earnings call and corporate events data limits further insights.
Positive Factors
High Gross Margin
A sustained gross margin near 68% indicates durable product-level pricing power and strong markups typical in jewelry retail. This margin buffer supports reinvestment, branding, and resilience to input cost rises, underpinning long-term profitability and free cash generation.
Negative Factors
Modest Revenue Growth
A 4% top-line increase signals limited organic expansion in a competitive luxury segment. Modest revenue growth constrains scalable margin expansion and long-term earnings upside, making the company more dependent on margin management and cash returns than on fast market share gains.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A sustained gross margin near 68% indicates durable product-level pricing power and strong markups typical in jewelry retail. This margin buffer supports reinvestment, branding, and resilience to input cost rises, underpinning long-term profitability and free cash generation.
Read all positive factors
Verite Co., Ltd. (9904) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥10.88B
Dividend Yield5.21%
Average Volume (3M)16.64K
Price to Earnings (P/E)13.2
Beta (1Y)0.13
Revenue Growth6.89%
EPS Growth-1.46%
CountryJP
Employees388
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)7.10
Shares Outstanding27,230,824
10 Day Avg. Volume18,910
30 Day Avg. Volume16,636
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)2.20
Price to Sales (P/S)1.24
P/FCF Ratio30.60
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
Verite Co., Ltd. Business Overview & Revenue Model
Company Description
Verite Co., Ltd. operates a chain of jewelry stores under the Vérité, Maharaja Diamond, Velicia, and Mimikazari brands in Japan. The company's stores offer jewelry, jewels, precious metals, watches, and fashion goods. The company was formerly know...
How the Company Makes Money
Verite generates revenue primarily through retail sales of jewelry to end customers via its store network. Its core revenue stream is the sales value of jewelry items sold (product sales at retail prices), with earnings influenced by sales volume,...
Verite Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.95B | 7.64B | 7.62B | 7.27B | 7.54B |
| Gross Profit | 5.38B | 5.22B | 5.33B | 5.10B | 4.33B |
| EBITDA | 994.00M | 973.00M | 1.03B | 867.00M | 905.00M |
| Net Income | 569.00M | 502.00M | 545.00M | 464.00M | 583.00M |
Balance Sheet | |||||
| Total Assets | 7.55B | 7.67B | 7.38B | 7.57B | 8.06B |
| Cash, Cash Equivalents and Short-Term Investments | 1.99B | 2.12B | 1.88B | 2.16B | 2.49B |
| Total Debt | 1.50B | 1.50B | 1.00B | 1.50B | 1.10B |
| Total Liabilities | 3.08B | 3.23B | 2.92B | 3.20B | 2.65B |
| Stockholders Equity | 4.47B | 4.44B | 4.46B | 4.37B | 5.41B |
Cash Flow | |||||
| Free Cash Flow | 321.00M | 319.00M | 792.00M | 779.00M | 711.00M |
| Operating Cash Flow | 407.00M | 456.00M | 893.00M | 864.00M | 857.00M |
| Investing Cash Flow | -37.00M | -168.00M | -201.00M | -98.00M | -157.00M |
| Financing Cash Flow | -504.00M | -45.00M | -970.00M | -1.10B | -423.00M |
Verite Co., Ltd. Technical Analysis
Negative
374.00
Price Trends
404.94
Negative
387.65
Positive
373.47
Positive
Market Momentum
-1.75
Positive
43.46
Neutral
37.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9904, the sentiment is Negative. The current price of 374 is below the 20-day moving average (MA) of 407.50, below the 50-day MA of 404.94, and above the 200-day MA of 373.47, indicating a neutral trend. The MACD of -1.75 indicates Positive momentum. The RSI at 43.46 is Neutral, neither overbought nor oversold. The STOCH value of 37.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9904.
Verite Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥29.81B | 18.74 | ― | 1.93% | -2.29% | 151.87% | |
75 Outperform | ¥10.88B | 13.22 | ― | 5.21% | 6.89% | -1.46% | |
74 Outperform | ¥22.49B | 11.37 | ― | 3.99% | -2.12% | -15.35% | |
68 Neutral | ¥46.88B | 6.98 | 2.46% | 3.50% | 22.68% | -9.41% | |
65 Neutral | ¥2.31B | -6.03 | ― | 1.21% | 1.04% | -66.56% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | ¥3.14B | 42.09 | ― | 0.25% | 18.69% | 5.17% |
* Consumer Cyclical Sector Average
JP:9904
Verite Co., Ltd.
401.00
80.41
25.08%
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Verite Co., Ltd. Corporate Events
Vérité boosts March sales as new store openings and higher spending lift growth
Apr 6, 2026
Japanese jeweler Vérité Co., Ltd. reported strong March 2026 trading, with total sales from all stores rising sharply year on year, driven by higher average customer spending and increased footfall. Existing stores also posted solid sale...
Vérité Posts Solid February Sales Growth on Higher Customer Spending
Mar 5, 2026
Vérité Co., Ltd. reported its February 2026 flash sales figures, showing solid year-to-date growth in sales, footfall, and average customer spend compared with the previous year. The data indicate that sales gains are being driven more b...
Vérité Posts Higher January Sales on Strong Per-Customer Spending Amid Store Portfolio Adjustments
Feb 5, 2026
Vérité Co., Ltd. reported January 2026 same-store and total sales indices that continued to exceed year-earlier levels, driven primarily by higher average customer spending despite only modest growth in customer footfall. Existing-store ...
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.