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JM Holdings Co., Ltd.
(3539)
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Rating:63Neutral
Price Target:
¥1,425.00
▼(-15.18% Downside)
Action:Downgraded
Date:09/12/26
The score is primarily supported by solid underlying financial performance—strong multi-year revenue growth and a conservatively positioned balance sheet—despite recent margin/earnings pressure and uneven cash flow conversion. The largest drag is technical weakness (negative momentum and trading below key moving averages), while a reasonable P/E and moderate dividend yield provide some valuation support.
Positive Factors
Sustained revenue growth
JM Holdings has expanded revenue steadily across several years, indicating sustained consumer demand and continued store-network or merchandising traction. This scale growth can support purchasing leverage, broader customer reach, and reinvestment in the grocery business over the next several quarters.
Negative Factors
Recent earnings decline
The latest decline in operating profit and net income shows that revenue expansion has not translated fully into earnings growth. If this pressure persists, it could limit reinvestment capacity, weaken returns on the growing equity base, and reduce the benefit of the company’s otherwise solid scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
JM Holdings has expanded revenue steadily across several years, indicating sustained consumer demand and continued store-network or merchandising traction. This scale growth can support purchasing leverage, broader customer reach, and reinvestment in the grocery business over the next several quarters.
Read all positive factors
JM Holdings Co., Ltd. (3539) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥68.08B
Dividend Yield1.87%
Average Volume (3M)183.15K
Price to Earnings (P/E)13.7
Beta (1Y)0.26
Revenue Growth6.62%
EPS Growth-23.04%
CountryJP
Employees1,525
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)117.91
Shares Outstanding50,959,000
10 Day Avg. Volume160,360
30 Day Avg. Volume183,150
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.42
Price to Sales (P/S)0.35
P/FCF Ratio15.24
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)149.1
Revenue Forecast (FY)¥216.80B
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...
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 ite...
JM Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| 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 | 0.00 | 4.58B | 2.62B | 6.86B | -194.00M | 926.00M |
| Operating Cash Flow | 0.00 | 8.76B | 6.64B | 9.66B | 4.22B | 5.18B |
| Investing Cash Flow | 0.00 | -5.21B | -6.42B | -5.34B | -2.15B | -3.74B |
| Financing Cash Flow | 0.00 | -2.95B | -5.72B | -2.24B | -1.88B | -1.05B |
JM Holdings Co., Ltd. Technical Analysis
Negative
1680.00
Price Trends
1370.53
Negative
1323.99
Positive
1473.33
Negative
Market Momentum
-10.84
Positive
34.58
Neutral
12.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3539, the sentiment is Negative. The current price of 1680 is above the 20-day moving average (MA) of 1437.10, above the 50-day MA of 1370.53, and above the 200-day MA of 1473.33, indicating a bearish trend. The MACD of -10.84 indicates Positive momentum. The RSI at 34.58 is Neutral, neither overbought nor oversold. The STOCH value of 12.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3539.
JM Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥104.86B | 10.64 | ― | 2.58% | 0.95% | 3.40% | |
67 Neutral | ¥62.32B | 13.48 | ― | 2.73% | 6.89% | -10.99% | |
67 Neutral | ¥230.66B | 17.98 | ― | 2.55% | 3.25% | 1.50% | |
65 Neutral | ¥60.94B | 12.52 | ― | 2.88% | 3.64% | -11.83% | |
65 Neutral | ¥142.10B | 11.59 | ― | 1.88% | 7.40% | -1.99% | |
63 Neutral | ¥68.08B | 13.73 | ― | 1.87% | 6.62% | -23.04% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
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JM Holdings Co., Ltd. Corporate Events
JM Holdings Grows Sales but Profit Slides as Balance Sheet Strengthens
Sep 11, 2026
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...
JM Holdings Launches ¥2 Billion Share Buyback to Boost Capital Efficiency
Sep 11, 2026
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 activel...
JM Holdings Moves to Lift Annual Dividend, Boosting Shareholder Returns
Sep 11, 2026
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 4...
JM Holdings Cuts Profit Outlook as Store Impairment Weighs on Earnings
Sep 3, 2026
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 procurem...
JM Holdings Posts Higher Sales but Lower Profit, Keeps Full-Year Outlook Intact
Jun 25, 2026
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 struc...
JM Holdings Grows Sales and Assets but Sees Profit Decline in Q3
Jun 12, 2026
JM Holdings reported consolidated net sales of ¥149.6 billion for the third quarter ended April 2026, a 7.6 percent increase year on year, while operating profit was essentially flat at ¥7.5 billion and ordinary profit edged up 1.1 perce...
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.