Felissimo Corp

Felissimo Corp maintains a strong liquidity position with cash and equivalents amounting to ¥9.76 billion, representing 34.8% of total assets. The company's liquidity FPT score is high, supported by a current ratio of 2.93 and free cash flow of ¥592 million. The price-to-book ratio of 0.31 indicates a significant discount to tangible book value, suggesting potential undervaluation relative to asset base. Profitability metrics show a return on equity of 1.83% and return on assets of 1.28%, both below the median for the Department Stores industry. Operating income of ¥159 million represents 0.55% of revenue, indicating thin margins. Gross profit of ¥15.95 billion, or 54.7% of revenue, is in line with industry norms but leaves little room for operating expenses. The company's revenue is concentrated in Japan, with no disclosed international segments. The business model is heavily reliant on domestic mail-order sales, with no material diversification across product lines or geographic regions. This concentration increases exposure to local economic conditions and consumer spending trends. Revenue growth has been modest, with the most recent reported revenue of ¥29.18 billion. Outlook for the current fiscal year shows no significant directional change, with operating cash flow of ¥829 million and capital expenditures of -¥533 million. The company's capital structure is conservative, with long-term debt of ¥4 million and a debt-to-equity ratio of 0.0. Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's capital structure is stable, and there is no dilution potential in the near term. The absence of long-term debt and high cash reserves further support this assessment. Recent financial filings and transcripts show no material changes in business operations or strategic direction. The company continues to focus on its core mail-order business, with no significant new product launches or market expansions disclosed. Analyst estimates align with reported financials, with last actual EPS at 50.26 JPY and revenue at ¥29.18 billion.