9846.T
The company operates in the Food & Drug Retailing sector, generating revenue primarily through the sale of food and drug products to consumers.
Business. The company operates in the Food & Drug Retailing sector, generating revenue primarily through the sale of food and drug products to consumers.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the Food & Drug Retailing sector, generating revenue primarily through the sale of food and drug products to consumers.
The company's capital structure is characterized by a relatively low debt-to-equity ratio of 0.17, indicating a conservative leverage position. However, the liquidity position is assessed as medium, with a current ratio of 0.45, suggesting limited short-term liquidity. The price-to-book ratio of 0.4 and price-to-tangible-book ratio of 0.4 indicate that the company's market value is significantly below its book value, potentially signaling undervaluation or asset impairment concerns.
Profitability metrics show a return on equity (ROE) of 4.87% and a return on assets (ROA) of 2.97%, both of which are below the typical thresholds for high-performing firms in the retail sector. The gross profit margin is 32.07%, and the operating margin is 3.05%, which are in line with industry norms but suggest limited pricing power or cost control.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific data limits the ability to assess the performance of different product lines or geographic regions.
The company's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. The free cash flow is negative at -234,198,000 JPY, indicating that the company is not generating sufficient cash to fund operations and capital expenditures without external financing. The capital expenditure of -3,058,981,000 JPY suggests ongoing investment in infrastructure and expansion.
Risk factors include a medium liquidity risk due to the current ratio of 0.45 and a negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant changes in shares outstanding between basic and diluted figures. The company has not disclosed any recent events that would significantly impact its financial position or strategic direction.
Recent events and filings do not indicate any material changes in the company's operations or financial strategy. The latest earnings and revenue figures align with analyst estimates, suggesting stable performance. There are no notable transcripts or filings that suggest a shift in business model or significant new initiatives.
- The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.17.
- The liquidity position is medium, with a current ratio of 0.45, indicating potential short-term liquidity constraints.
- Profitability metrics are below industry benchmarks, with an ROE of 4.87% and an ROA of 2.97%.
- The company's revenue is concentrated in a single segment, increasing exposure to regional and regulatory risks.
- Free cash flow is negative, and capital expenditures are significant, suggesting ongoing investment needs.
- The company's market valuation is below book value, as indicated by a price-to-book ratio of 0.4.
Bull / Bear case
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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