Ministop Co., Ltd. (9946) AI Stock Analysis

• Market Cap: ¥57.32B
• Dividend Yield: 0.96%
• Average Volume (3M): 79.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: 10.66%
• EPS Growth: -218.40%
• Country: JP
• Employees: 1,443
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 22.53
• Shares Outstanding: 29,372,774
• 10 Day Avg. Volume: 124,000
• 30 Day Avg. Volume: 79,523
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.55
• P/FCF Ratio: -44.06
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ¥2,047.00 ▼(-1.59% Downside)

The overall stock score for Ministop Co., Ltd. reflects significant financial challenges, with declining revenues and profitability impacting the score heavily. While technical analysis suggests bullish momentum, overbought signals and weak valuation metrics contribute to a cautious outlook.

Positive Factors

Revenue Growth

The significant increase in revenue indicates strong market demand and effective sales strategies, potentially leading to improved financial stability.

Strategic Partnership

The strategic relationship with Aeon Co., Ltd. provides Ministop with access to resources and expertise, supporting sustainable growth and competitive positioning.

Director Compensation Alignment

Aligning director compensation with company performance can enhance management effectiveness and drive long-term shareholder value.

Negative Factors

Profitability Challenges

Ongoing net losses indicate operational inefficiencies and challenge the company's ability to convert revenue growth into sustainable profitability.

Negative Cash Flow

Consistent negative cash flow suggests high capital expenditures and challenges in cash generation, impacting financial flexibility and growth potential.

Declining Capital Adequacy

A declining capital adequacy ratio reflects a weakened financial position, potentially limiting the company's ability to absorb losses and invest in growth.

Ministop Co., Ltd. Business Overview & Revenue Model

Company Description

Ministop Co., Ltd. (9946) is a prominent convenience store chain based in Japan, operating primarily in the retail sector. The company offers a wide range of products and services, including groceries, ready-to-eat meals, beverages, and household items, catering to the everyday needs of consumers. Ministop is known for its focus on quality and customer service, often featuring fresh food options and unique store layouts that enhance the shopping experience. In addition to its retail offerings, Ministop also provides various services, such as bill payment and ticket sales, making it a one-stop shop for convenience.

How the Company Makes Money

Ministop generates revenue primarily through the sale of products in its convenience stores, which include food and beverage items, personal care products, and household goods. The company operates a franchise model, which allows it to earn royalties and fees from franchisees. Key revenue streams include direct sales from company-owned stores, franchise fees, and sales of private label products. Additionally, Ministop benefits from partnerships with various suppliers and brands, enhancing its product offerings and driving sales. The company also explores initiatives such as digital payment solutions and loyalty programs to boost customer retention and increase transaction values.

Ministop Co., Ltd. Financial Statement Overview

Summary

Ministop Co., Ltd. is facing significant financial difficulties. The income statement reveals declining revenues and negative profitability margins. The balance sheet is stable but indicates low leverage and negative return on equity. Cash flow is erratic, with negative free cash flow, highlighting operational inefficiencies.

Income Statement

Ministop Co., Ltd. has experienced a significant decline in total revenue from 2022 to 2025, with a notable drop in gross profit margin. The net profit margin is negative, indicating the company is not profitable. The persistent negative EBIT and EBITDA margins suggest operational inefficiencies. Revenue growth has been negative over the past year, reflecting challenges in maintaining sales momentum.

Balance Sheet

The company's balance sheet shows a relatively stable equity ratio, with stockholders' equity covering a substantial portion of total assets. However, the debt-to-equity ratio is low, indicating limited leverage, which is a positive but may also suggest a lack of aggressive growth strategies. Return on equity is negative due to consistent net losses, pointing to profitability challenges.

Cash Flow

Ministop's cash flow statements show a fluctuating free cash flow, with a negative trend in recent years. The operating cash flow to net income ratio is erratic due to negative net income. Despite generating operating cash flow, the free cash flow remains negative, suggesting high capital expenditure relative to cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.64B	87.47B	79.06B	81.29B	183.68B	180.19B
Gross Profit	39.94B	37.68B	40.89B	40.41B	60.58B	59.72B
EBITDA	-3.48B	-4.30B	3.02B	25.20B	2.79B	5.29B
Net Income	-5.79B	-6.77B	-468.00M	12.83B	-3.87B	-6.46B
Balance Sheet
Total Assets	87.66B	74.69B	77.90B	79.22B	117.26B	107.87B
Cash, Cash Equivalents and Short-Term Investments	33.43B	23.90B	25.78B	30.43B	29.66B	15.28B
Total Debt	1.01B	197.00M	184.00M	1.65B	14.57B	13.41B
Total Liabilities	55.45B	41.90B	37.22B	38.61B	88.78B	75.44B
Stockholders Equity	32.05B	32.51B	39.64B	40.61B	28.44B	32.28B
Cash Flow
Free Cash Flow	0.00	-1.09B	-4.00B	-4.15B	-8.18B	6.35B
Operating Cash Flow	0.00	1.94B	585.00M	-2.07B	-3.62B	11.35B
Investing Cash Flow	0.00	-492.00M	-7.78B	5.09B	22.09B	-2.44B
Financing Cash Flow	0.00	-806.00M	-795.00M	-1.57B	-4.86B	-4.73B

Ministop Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2080.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9946, the sentiment is Positive. The current price of 2080 is above the 20-day moving average (MA) of 2045.60, above the 50-day MA of 2028.30, and above the 200-day MA of 1902.78, indicating a bullish trend. The MACD of 22.21 indicates Negative momentum. The RSI at 59.25 is Neutral, neither overbought nor oversold. The STOCH value of 69.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9946.

Ministop Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8278	61 Neutral	¥178.05B	45.19	―	1.44%	1.48%	-33.32%
8273	59 Neutral	¥207.43B	17.41	―	3.05%	18.89%	-34.43%
2653	58 Neutral	¥101.34B	13.02	―	1.57%	4.07%	47.70%
7512	55 Neutral	¥124.88B	39.24	―	1.77%	8.65%	-45.94%
9946	53 Neutral	¥57.32B	-10.23	―	0.96%	10.66%	-218.40%
8217	45 Neutral	¥34.10B	―	―	3.07%	1.46%	-436.55%

Ministop Co., Ltd. Corporate Events

Ministop Co., Ltd. Achieves Strong Financial Turnaround in First Half of 2025

Ministop Co., Ltd. reported significant improvements in its financial performance for the six months ending August 31, 2025, with a notable increase in gross operating revenue and a return to profitability compared to the previous year. This positive financial outcome reflects the company’s strategic initiatives and market positioning, which could enhance its competitive edge and stakeholder confidence.

The most recent analyst rating on (JP:9946) stock is a Hold with a Yen2047.00 price target. To see the full list of analyst forecasts on Ministop Co., Ltd. stock, see the JP:9946 Stock Forecast page.

Ministop Co., Ltd. Reports Improved Financial Performance for H1 2025

Ministop Co., Ltd. reported a significant improvement in its financial performance for the six months ended August 31, 2025, with a 9.5% increase in gross operating revenue compared to the previous year. The company achieved an operating profit of ¥1,116 million, reversing the losses from the previous year, indicating a positive shift in its operational efficiency and market positioning.

The most recent analyst rating on (JP:9946) stock is a Hold with a Yen2047.00 price target. To see the full list of analyst forecasts on Ministop Co., Ltd. stock, see the JP:9946 Stock Forecast page.