8230—58

Hasegawa Co Ltd

Miscellaneous Specialty RetailersVerified

Score breakdown

Profitability+21Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations13

Hasegawa Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.29, indicating a relatively low reliance on debt financing [doc:HA-latest]. The company's liquidity position is characterized as medium, with a current ratio of 1.84, suggesting it can cover short-term obligations but with limited excess cash [doc:HA-latest]. Free cash flow is negative at -219 million JPY, reflecting capital expenditures of -1.127 billion JPY, which may signal investment in long-term growth or asset maintenance [doc:HA-latest]. Profitability metrics show a return on equity of 7.22% and a return on assets of 4.54%, both below the median for the Miscellaneous Specialty Retailers industry. The company's operating margin is 5.6%, calculated from an operating income of 1.189 billion JPY on revenue of 21.228 billion JPY, which is in line with the industry's average but leaves room for improvement in cost control [doc:HA-latest]. The company's revenue is concentrated in two segments: Buddhist Altars, Fittings and Gravestones, and Indoor Shrines. No geographic diversification is disclosed, and the company operates entirely within Japan, which may expose it to regional economic fluctuations [doc:HA-latest]. Outlook for the current fiscal year indicates stable revenue, with no significant growth expected. The company's capital expenditures suggest a focus on maintaining existing operations rather than aggressive expansion. The absence of a clear growth trajectory may limit its ability to capture new market opportunities [doc:HA-latest]. Risk factors include a medium liquidity risk due to a current ratio of 1.84 and a negative free cash flow. The company's dilution risk is assessed as low, with no near-term pressure from share issuance. However, the negative net cash position after subtracting total debt may require careful monitoring of liquidity management [doc:HA-latest]. Recent events include the latest financial filing, which reported a net income of 905 million JPY and a revenue of 21.228 billion JPY. Analysts have confirmed these figures, with the last actual EPS at 49.75 JPY [doc:HA-latest].

Profile

CompanyHasegawa Co Ltd

Ticker8230.T

SectorConsumer Cyclicals

BusinessRetailers

Industry groupRetailers

IndustryMiscellaneous Specialty Retailers

AI analysis

Business. Hasegawa Co Ltd operates in the religious product retail sector, primarily selling Buddhist altars, fittings, and gravestones, as well as consignment sales of indoor shrines [doc:HA-latest].

Classification. Hasegawa is classified under the Consumer Cyclicals economic sector, Retailers business sector, and Miscellaneous Specialty Retailers industry with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Hasegawa maintains a conservative capital structure with a debt-to-equity ratio of 0.29.
The company's profitability is in line with industry averages but lacks standout performance.
Revenue is concentrated in two segments with no geographic diversification.
Free cash flow is negative, indicating reinvestment in operations or asset maintenance.
Liquidity is medium, with a current ratio of 1.84 and a negative net cash position after debt.
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Financial snapshot

PeriodHA-latest

CurrencyJPY

Revenue$21.23B

Gross profit$13.46B

Operating income$1.19B

Net income$905.0M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$151.0M

CapEx-$1.13B

Free cash flow-$219.0M

Total assets$19.92B

Total liabilities$7.37B

Total equity$12.54B

Cash & equivalents$1.46B

Long-term debt$3.62B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$21.23B$1.19B$905.0M-$219.0M

FY-1$21.30B$1.55B$1.06B$676.0M

FY-2$21.61B$1.71B$1.15B$1.15B

FY-3$19.79B$1.23B$707.1M$820.9M

FY-4$17.84B$471.0M$215.6M$133.9M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$19.92B$12.54B$1.46B—

FY-1$18.07B$11.90B$2.05B—

FY-2$18.22B$10.95B$2.94B—

FY-3$18.36B$9.89B$3.79B—

FY-4$17.74B$9.22B$3.64B—

PeriodOCFCapExFCFSBC

FY0$151.0M-$1.13B-$219.0M—

FY-1$641.0M-$335.0M$676.0M—

FY-2$1.07B-$82.7M$1.15B—

FY-3-$62.3M-$25.6M$820.9M—

FY-4$3.20B-$327.3M$133.9M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$4.83B-$116.0M-$96.0M—

FQ-1$6.08B$427.0M$244.0M—

FQ-2$4.97B-$124.0M-$108.0M—

FQ-3$5.41B$603.0M$423.0M—

FQ-4————

FQ-5$6.04B$578.0M$415.0M—

FQ-6$4.79B-$10.0M$32.0M—

FQ-7$5.10B$489.0M$316.0M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$20.50B$12.45B$1.98B—

FQ-1$20.75B$12.60B$2.33B—

FQ-2$20.98B$12.29B$2.47B—

FQ-3$19.92B$12.54B$1.46B—

FQ-4$19.97B$12.12B$1.98B—

FQ-5$19.90B$12.17B$3.71B—

FQ-6$19.74B$11.83B$3.19B—

FQ-7$18.07B$11.90B$2.05B—

PeriodOCFCapExFCFSBC

FQ0————

FQ-1$332.0M-$85.0M——

FQ-2————

FQ-3$151.0M-$1.13B——

FQ-4————

FQ-5$261.0M-$218.0M——

FQ-6————

FQ-7$641.0M-$335.0M——

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$12.54B

Net cash-$2.16B

Current ratio1.8

Debt/Equity0.3

ROA4.5%

ROE7.2%

Cash conversion17.0%

CapEx/Revenue-5.3%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Retailers · cohort 8 companies

Metric8230Activity

Op margin5.6%9.5% medp25 6.4% · p75 13.1%bottom quartile

Net margin4.3%8.2% medp25 5.0% · p75 11.1%bottom quartile

Gross margin63.4%35.0% medp25 33.0% · p75 44.8%top quartile

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-5.3%3.4% medp25 2.9% · p75 4.6%bottom quartile

Debt / equity29.0%25.8% medp25 3.1% · p75 69.4%above median

Observations

IR observations

Last actual EPS49.75 JPY

Last actual revenue21,228,000,000 JPY

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 09:03 UTC#541e888c

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 09:05 UTCJob: 269ea4e8