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Komehyo Holdings Co., Ltd.
(2780)
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Rating:64Neutral
Price Target:
¥4,794.00
▲(67.45% Upside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by financial quality concerns—multi-year negative operating/free cash flow (2024–2026), margin compression, and rising leverage. These risks are partly offset by supportive valuation (low P/E and a moderate dividend yield) and generally constructive but neutral-to-moderate technical conditions.
Positive Factors
Strong Revenue Growth
Strong multi-year revenue expansion indicates that Komehyo is scaling its branded-goods reuse platform and reaching more customers or transaction volume. Continued top-line growth can support operating investment, broaden sourcing capacity, and strengthen the company’s position in the secondary luxury market.
Negative Factors
Persistent Negative Cash Flow
Multi-year negative operating and free cash flow means reported earnings have not consistently converted into liquidity. The pattern suggests working-capital or reinvestment demands are absorbing cash, which could restrict internally funded growth and increase reliance on external funding if it continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong multi-year revenue expansion indicates that Komehyo is scaling its branded-goods reuse platform and reaching more customers or transaction volume. Continued top-line growth can support operating investment, broaden sourcing capacity, and strengthen the company’s position in the secondary luxury market.
Read all positive factors
Komehyo Holdings Co., Ltd. (2780) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.52B
Dividend Yield2.39%
Average Volume (3M)96.35K
Price to Earnings (P/E)6.8
Beta (1Y)0.73
Revenue Growth40.67%
EPS Growth93.57%
CountryJP
Employees2,095
SectorReal Estate
Sector Strength53
IndustrySpecialty Retail
Share Statistics
EPS (TTM)656.82
Shares Outstanding11,257,000
10 Day Avg. Volume49,110
30 Day Avg. Volume96,346
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)1.25
Price to Sales (P/S)0.21
P/FCF Ratio-9.33
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)600.35
Revenue Forecast (FY)¥269.38B
Komehyo Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Komehyo Holdings Co.,Ltd. manages retail outlets throughout Japan, specializing in the acquisition and resale of both brand-new and pre-owned merchandise. Their broad product range includes items such as jewelry, precious metals, timepieces, handb...
How the Company Makes Money
Komehyo Holdings primarily earns revenue by operating a resale business model centered on the purchase and sale of pre-owned luxury products. (1) Retail resale: The company sells authenticated secondhand luxury items to consumers through its store...
Komehyo Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
55
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 241.41B | 221.71B | 158.99B | 119.46B | 86.11B | 71.15B |
| Gross Profit | 51.69B | 47.15B | 35.25B | 29.59B | 22.54B | 18.42B |
| EBITDA | 15.54B | 12.57B | 9.28B | 9.03B | 6.66B | 4.40B |
| Net Income | 7.22B | 5.49B | 4.78B | 5.03B | 3.71B | 2.26B |
Balance Sheet | ||||||
| Total Assets | 116.13B | 109.18B | 88.63B | 64.04B | 46.75B | 39.67B |
| Cash, Cash Equivalents and Short-Term Investments | 20.22B | 19.79B | 15.54B | 18.09B | 12.28B | 10.74B |
| Total Debt | 65.18B | 59.93B | 47.40B | 27.73B | 16.50B | 13.52B |
| Total Liabilities | 76.67B | 71.35B | 55.43B | 35.27B | 22.51B | 18.97B |
| Stockholders Equity | 39.00B | 37.35B | 32.77B | 28.41B | 23.93B | 20.44B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.00B | -7.86B | -3.27B | -105.68M | 506.18M |
| Operating Cash Flow | 0.00 | -1.05B | -5.18B | -548.05M | 1.54B | 1.13B |
| Investing Cash Flow | 0.00 | -4.55B | -6.71B | -3.22B | -1.95B | -529.30M |
| Financing Cash Flow | 0.00 | 9.87B | 11.91B | 9.43B | 1.85B | -1.90B |
Komehyo Holdings Co., Ltd. Technical Analysis
Negative
2863.00
Price Trends
4884.64
Negative
5021.81
Negative
4494.81
Negative
Market Momentum
-127.57
Negative
42.05
Neutral
60.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2780, the sentiment is Negative. The current price of 2863 is below the 20-day moving average (MA) of 4525.98, below the 50-day MA of 4884.64, and below the 200-day MA of 4494.81, indicating a bearish trend. The MACD of -127.57 indicates Negative momentum. The RSI at 42.05 is Neutral, neither overbought nor oversold. The STOCH value of 60.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2780.
Komehyo Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥66.14B | 13.54 | ― | 8.32% | -4.35% | -40.42% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥49.52B | 6.82 | ― | 2.39% | 40.67% | 93.57% | |
64 Neutral | ¥32.17B | 8.30 | ― | 4.25% | -24.53% | -35.78% | |
62 Neutral | ¥30.23B | 7.28 | 5.79% | 5.52% | 11.20% | 52.08% | |
60 Neutral | ¥28.19B | 5.56 | ― | 5.24% | 38.30% | 3.59% | |
55 Neutral | ¥25.95B | 5.96 | ― | 4.52% | 4.73% | -13.31% |
* Real Estate Sector Average
JP:2780
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Komehyo Holdings Co., Ltd. Corporate Events
Komehyo’s Brand and Fashion Segment Beats August Targets Amid Mixed Luxury Market
Sep 24, 2026
Komehyo Holdings reported strong August results in its brand and fashion business, with net sales and individual purchase amounts both exceeding internal plans amid year-on-year growth. Retail sales and profits continued to meet targets, supported...
Komehyo’s Brand and Fashion Business Posts Strong July Sales Despite Sluggish Luxury Market
Aug 20, 2026
Komehyo Holdings reported July net sales of 20,218 million yen in its brand and fashion business, up 25.4% year on year, while individual purchase amounts rose 47.0%, supported by new store openings and marketing initiatives. Retail sales and prof...
Komehyo Highlights “Relay Reuse” Vision in Q1 FY2027 Earnings Briefing
Aug 13, 2026
Komehyo Holdings outlined its mission and vision alongside its first-quarter earnings results briefing for the fiscal year ending March 31, 2027, emphasizing its role in advancing a circular economy. Rather than simply selling products, the group ...
Komehyo Holdings Posts Profit Surge and Confirms Higher Dividend Outlook
Aug 13, 2026
Komehyo Holdings reported strong results for the quarter ended June 30, 2026, with net sales climbing 42.7% year on year to ¥65.8 billion and operating profit surging nearly fourfold to ¥3.5 billion. Profit attributable to owners of the ...
Komehyo’s Brand and Fashion Sales Surge in Q1 on Strong Retail and Purchases
Jul 21, 2026
Komehyo Holdings’ brand and fashion business recorded net sales of ¥21,255 million in June, bringing first-quarter sales to ¥64,210 million, up 43.6% year on year, with retail accounting for about 45% and a notable contribution fro...
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.