Ministop Co., Ltd. (JP:9946)
:9946
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Ministop Co., Ltd.
(9946)
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Rating:50Neutral
Price Target:
¥1,894.00
▼(-12.11% Downside)
Action:ReiteratedDate:04/10/26
The score is held down primarily by sustained operating/net losses, declining equity, and negative free cash flow despite recent revenue growth and improved operating cash flow. Technicals show only tentative near-term stabilization with longer-term weakness, and valuation is constrained by negative earnings with only a modest dividend yield.
Positive Factors
Revenue Recovery
Two consecutive years of ~10% revenue growth indicate improved top-line momentum and demand for the convenience format and prepared-foods mix. Durable revenue recovery supports scale economics, helps stabilize franchise fees and wholesale volumes, and provides a base to restore profitability if cost structure is addressed.
Negative Factors
Sustained Loss-Making
Repeated operating and net losses despite revenue growth imply structural margin issues—costs below gross profit remain elevated. Continued deficits hinder the firm's ability to self-fund growth or franchise support, risk further equity erosion, and require sustained margin recovery to achieve durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Two consecutive years of ~10% revenue growth indicate improved top-line momentum and demand for the convenience format and prepared-foods mix. Durable revenue recovery supports scale economics, helps stabilize franchise fees and wholesale volumes, and provides a base to restore profitability if cost structure is addressed.
Read all positive factors
Ministop Co., Ltd. (9946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.94B
Dividend Yield0.94%
Average Volume (3M)79.52K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth10.66%
EPS Growth-218.40%
CountryJP
Employees1,443
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-121.03
Shares Outstanding29,372,774
10 Day Avg. Volume124,000
30 Day Avg. Volume79,523
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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)-39.6
Revenue Forecast (FY)¥94.50B
Ministop Co., Ltd. Business Overview & Revenue Model
Company Description
MINISTOP Co., Ltd. develops and franchises a chain of convenience stores under the MINISTOP name. As of April 30, 2022, it operated 2,081 stores, including 1,958 stores in Japan and 123 stores internationally. MINISTOP Co., Ltd. was incorporated i...
How the Company Makes Money
Ministop primarily makes money through (1) retail sales at company-operated stores and (2) franchise-related income from franchised MINISTOP stores. Retail sales revenue comes from selling merchandise (e.g., packaged foods, beverages, daily necess...
Ministop Co., Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.69B | 91.79B | 87.47B | 79.06B | 81.29B | 183.68B |
| Gross Profit | 39.79B | 38.75B | 37.68B | 37.42B | 36.93B | 49.70B |
| EBITDA | 765.00M | -1.99B | -414.00M | 2.92B | 2.45B | 7.77B |
| Net Income | -5.59B | -5.63B | -6.77B | -468.00M | 12.83B | -3.87B |
Balance Sheet | ||||||
| Total Assets | 88.81B | 69.01B | 74.69B | 77.90B | 79.22B | 117.26B |
| Cash, Cash Equivalents and Short-Term Investments | 37.18B | 23.17B | 23.90B | 25.78B | 30.43B | 29.66B |
| Total Debt | 695.00M | 761.00M | 247.00M | 307.00M | 1.65B | 14.57B |
| Total Liabilities | 55.44B | 41.85B | 41.90B | 37.22B | 38.60B | 88.77B |
| Stockholders Equity | 32.69B | 26.46B | 32.51B | 39.64B | 40.61B | 28.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -374.00M | -1.09B | -2.28B | -3.11B | -7.24B |
| Operating Cash Flow | 0.00 | 1.79B | 1.94B | 585.00M | -2.07B | -3.62B |
| Investing Cash Flow | 0.00 | -947.00M | -492.00M | -6.62B | 5.09B | 22.09B |
| Financing Cash Flow | 0.00 | -774.00M | -806.00M | -1.96B | -1.57B | -4.86B |
Ministop Co., Ltd. Technical Analysis
Negative
2155.00
Price Trends
1901.05
Negative
1991.93
Negative
1980.36
Negative
Market Momentum
-8.44
Negative
52.74
Neutral
90.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9946, the sentiment is Negative. The current price of 2155 is above the 20-day moving average (MA) of 1812.55, above the 50-day MA of 1901.05, and above the 200-day MA of 1980.36, indicating a neutral trend. The MACD of -8.44 indicates Negative momentum. The RSI at 52.74 is Neutral, neither overbought nor oversold. The STOCH value of 90.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9946.
Ministop Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥210.24B | 7.25 | ― | 2.18% | 6.30% | 27.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥190.33B | -33.75 | ― | 1.77% | 30.67% | ― | |
57 Neutral | ¥198.59B | 8.93 | ― | 1.44% | 1.48% | -33.32% | |
52 Neutral | ¥121.82B | 44.01 | ― | 1.77% | 8.65% | -45.94% | |
51 Neutral | ¥2.04B | -160.46 | ― | ― | -3.64% | -23.60% | |
50 Neutral | ¥54.94B | -3.92 | ― | 0.94% | 10.66% | -218.40% |
* Consumer Cyclical Sector Average
JP:9946
Ministop Co., Ltd.
1,894.00
171.02
9.93%
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Ministop Co., Ltd. Corporate Events
Ministop Revamps Board With Merchandising-Focused Directors From Aeon Group
Apr 8, 2026
Ministop Co., Ltd. will propose a refreshed board structure at its 47th Annual General Meeting of Shareholders on May 22, 2026, retaining President and Representative Director Masashi Hotta and core internal and outside directors while adding new ...
Ministop Swings Back to Profit on Cost Controls and Store Optimization
Apr 8, 2026
Ministop reported consolidated results for the fiscal year ended February 28, 2026, showing essentially flat gross operating revenue compared with the prior year but a notable improvement in profitability. Operating gross profit and selling, gener...
Ministop Narrows Losses and Targets Return to Profit in FY2027
Apr 8, 2026
Ministop Co., Ltd. reported a 4.9% rise in gross operating revenue to ¥91.8 billion for the fiscal year ended February 28, 2026, but remained in the red with an operating loss of ¥3.6 billion and a net loss of ¥5.6 billion, although...
Ministop Books ¥1.3 Billion in Extraordinary Impairment Losses for FY2026
Apr 8, 2026
Ministop Co., Ltd. has reported extraordinary losses in its consolidated and non-consolidated financial results for the fourth quarter of the fiscal year ended February 28, 2026, due to impairment charges on fixed assets. The company recognized im...
Ministop Cancels Director Stock Options Amid Weaker Earnings Outlook
Mar 25, 2026
Ministop Co., Ltd. has cancelled the planned issuance of its 19th share acquisition rights, a share compensation-type stock option scheme that was to be granted to three company directors. The board decided on March 25, 2026, to withdraw the issua...
Ministop Grows Revenue but Widens Losses, Keeps Dividend Amid Weaker Balance Sheet
Jan 29, 2026
Ministop reported a 5.2% year-on-year increase in gross operating revenue to ¥70.0 billion for the nine months ended November 30, 2025, but remained in the red, posting an operating loss of ¥1.4 billion and a net loss attributable to own...
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.