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JM Holdings Co., Ltd. (3539) AI Stock Analysis
JM Holdings Co., Ltd.
(TSE/TYO:3539)
JM Holdings scores solidly above average, driven primarily by a conservative, low-risk financial foundation: minimal debt at 0.16x equity, consistently growing shareholders' equity, steady revenue expansion to ¥198.5 billion, and operating cash flow that comfortably exceeds reported profits. The main drag is margin compression - net margin fell to a six-year low of 2.5% and net income dropped about 23% despite higher sales - alongside a declining ROE and lumpy free cash flow tied to store expansion. Technically, the stock has recovered above its short- and medium-term moving averages but still trades below its 200-day average with a negative MACD, keeping the longer-term trend unconfirmed. Valuation at 14.9x earnings with a 1.7% yield is fair and provides a reasonable entry point for a defensive, low-beta holding, but a re-rating likely requires evidence that sales growth is again translating into profit growth.
JM Holdings Co., Ltd. (3539) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 82.45B
- Dividend Yield
- 1.63%
- Average Volume (3M)
- 146.63K
- Price to Earnings (P/E)
- 16.7
- Beta (1Y)
- 0.23
- Revenue Growth
- 6.62%
- EPS Growth
- -23.04%
- Country
- Japan
- Employees
- 1,525
- Sector
- Consumer Defensive
- Sector Strength
- 62
- Industry
- Grocery Stores
JM Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
JM Holdings Co.,Ltd. engages in the supermarket business in Japan. The company is involved in the restaurant, event-related, and outsourcing businesses, as well as wholesale and retail of meat. In addition, it engages in the facility operation and ma...
How the Company Makes Money
JM Holdings primarily generates revenue through retail sales at its stores. The main revenue stream is the sale of food products (including fresh foods such as meat, seafood, and produce, as well as packaged foods) and other everyday household items,...
JM Holdings Co., Ltd. Financial Statement Overview
Summary
A blend of the Income Statement (63), Balance Sheet (80), and Cash Flow (70) scores. The balance sheet is the standout: debt cut to ¥7.7 billion, a conservative 0.16x debt-to-equity ratio, and equity funding roughly 64% of the ¥76.6 billion asset base. Revenue has compounded steadily to ¥198.5 billion (about 8.9% annually over five years), and cash generation rebounded with operating cash flow of ¥8.8 billion covering net income around 1.8 times, confirming high earnings quality. Offsetting this, profitability is thin and deteriorating: gross margin slipped to 28.0%, operating profit fell to ¥9.0 billion, net income declined about 23% to ¥5.0 billion, net margin hit a six-year low of 2.5%, and ROE drifted down to 10.1%. Free cash flow is positive and improving but lumpy due to store-expansion capital spending.
Income Statement
63PositiveBalance Sheet
80PositiveCash Flow
70Positive| Breakdown | TTM | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.82B | 198.54B | 186.21B | 172.33B | 154.81B | 140.84B |
| Gross Profit | 55.96B | 55.67B | 53.44B | 49.21B | 44.01B | 39.34B |
| EBITDA | 12.54B | 12.04B | 12.79B | 11.23B | 9.60B | 8.96B |
| Net Income | 6.01B | 4.96B | 6.46B | 5.46B | 4.42B | 4.27B |
Balance Sheet | ||||||
| Total Assets | 78.13B | 76.57B | 72.72B | 71.36B | 65.57B | 58.87B |
| Cash, Cash Equivalents and Short-Term Investments | 21.24B | 20.24B | 18.30B | 22.41B | 17.81B | 19.50B |
| Total Debt | 8.66B | 7.69B | 8.84B | 9.38B | 9.91B | 6.30B |
| Total Liabilities | 30.00B | 27.32B | 27.37B | 27.59B | 26.15B | 22.97B |
| Stockholders Equity | 47.91B | 49.12B | 45.13B | 43.58B | 39.03B | 35.70B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 4.58B | 2.62B | 6.86B | -194.00M | 926.00M |
| Operating Cash Flow | 0 | 8.76B | 6.64B | 9.66B | 4.22B | 5.18B |
| Investing Cash Flow | 0 | -5.21B | -6.42B | -5.34B | -2.15B | -3.74B |
| Financing Cash Flow | 0 | -2.95B | -5.72B | -2.24B | -1.88B | -1.05B |
JM Holdings Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3539, the sentiment is Positive. The current price of 1531.00 is above the 20-day moving average (MA) of 1489.55, above the 50-day MA of 1460.48, and above the 200-day MA of 1454.13, indicating a bullish trend. The MACD of 18.87 indicates Positive momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 48.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3539.
JM Holdings Co., Ltd. Peers Comparison
Overall Rating
JP:819871Outperform
JP:750867Neutral- JP:353967Neutral
JP:819466Neutral
JP:816765Neutral
JP:997465Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8198 | 71Outperform | JPY 98.81B | 12.85 | ― | 2.74% | 0.90% | -28.84% |
| JP:7508 | 67Neutral | JPY 63.07B | 14.86 | ― | 6.04% | 7.65% | -16.94% |
| JP:3539 | 67Neutral | JPY 77.36B | 16.71 | ― | 1.63% | 6.62% | -23.04% |
| JP:8194 | 66Neutral | JPY 217.51B | 21.40 | ― | 2.68% | 2.59% | 0.10% |
| JP:8167 | 65Neutral | JPY 60.15B | 13.85 | ― | 2.89% | 3.50% | -18.66% |
| JP:9974 | 65Neutral | JPY 136.05B | 12.83 | ― | 1.96% | 4.94% | -9.98% |
| Sector * | 62Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3539 | JM Holdings Co., Ltd. | 1531.00 | 46.94 | 3.16% | |
| JP:7508 | G-7 Holdings Inc. | 1407.00 | 198.29 | 16.41% | |
| JP:8167 | RETAIL PARTNERS CO., LTD. | 1384.00 | 133.87 | 10.71% | |
| JP:8194 | Life Corporation | 2533.00 | 206.25 | 8.86% | |
| JP:8198 | Maxvalu Tokai Co., Ltd. | 3085.00 | -258.20 | -7.72% | |
| JP:9974 | BELC Co., Ltd. | 6530.00 | -516.03 | -7.32% |
JM Holdings Co., Ltd. Corporate Events
JM Holdings Grows Sales but Profit Slides as Balance Sheet Strengthens
JM Holdings Co., Ltd. reported a 6.6% year-on-year increase in net sales to ¥198.54 billion for the fiscal year ended July 2026, but profitability weakened as operating profit fell 10.2% to ¥9.03 billion and profit attributable to owners of...
JM Holdings Launches ¥2 Billion Share Buyback to Boost Capital Efficiency
JM Holdings Co., Ltd. has announced a new share repurchase program as part of its capital management strategy, targeting improved capital efficiency and enhanced returns to shareholders. The move underlines the company’s intention to actively u...
JM Holdings Moves to Lift Annual Dividend, Boosting Shareholder Returns
JM Holdings Co., Ltd. announced that its Board of Directors has approved a proposal to increase the year-end dividend for the fiscal year ended July 31, 2026 to 13 yen per share, up from the previously forecast 12 yen, subject to approval at the 48th...
JM Holdings Cuts Profit Outlook as Store Impairment Weighs on Earnings
JM Holdings Co., Ltd., a TSE Prime Market-listed operator of supermarket and food service businesses, is pursuing growth through both existing store performance and new store openings. The company’s earnings are closely tied to food procurement...
JM Holdings Posts Higher Sales but Lower Profit, Keeps Full-Year Outlook Intact
JM Holdings Co., Ltd., listed on the Tokyo Stock Exchange, reports under Japanese GAAP and maintains a stable, dividend-paying profile, having implemented a two-for-one stock split effective November 1, 2025 to improve liquidity. Its capital structur...
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.
Date of analysis: Sep 15, 2026