Mammy Mart Corporation (9823) AI Stock Analysis

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Mammy Mart Corporation

(TSE/TYO:9823)

Select Model

Rating:68Neutral

Price Target:JPY 983.00▲(6.16% Upside)

Action:reiterated

Date:08/07/26

The score is driven primarily by solid underlying financial performance (steady growth, strong ROE, manageable leverage) and supportive valuation (low P/E and a 2.10% dividend yield). These positives are tempered by weaker technical positioning versus longer-term moving averages and only mixed momentum signals.

Positive Factors

Revenue Growth and Gross MarginConsistent revenue growth combined with a broadly stable gross margin indicates that Mammy Mart continues to attract demand while preserving product economics. This supports a durable base for operating scale and suggests the core supermarket business remains resilient over the next several quarters.

Negative Factors

Low Profitability and Margin PressureThe modest net margin leaves limited room to absorb cost increases or competitive pressure, while declining EBIT and EBITDA margins point to weaker operating efficiency. If sustained, this pressure could constrain earnings growth even when revenue continues to expand.

Mammy Mart Corporation (9823) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 46.85B
Dividend Yield: 2.29%
Average Volume (3M): 89.73K
Price to Earnings (P/E): 8.7
Beta (1Y): 0.37
Revenue Growth: 21.09%
EPS Growth: 6.94%
Country: Japan
Employees: 1,137
Sector: Consumer Defensive
Sector Strength: 62
Industry: Grocery Stores

Mammy Mart Corporation Business Overview & Revenue Model

Company Description

Mammy Mart Corporation manages a series of supermarkets throughout Japan, with a particular emphasis on fresh food products. Founded in 1950, the company initially traded as Iwasaki Shoji Co., Ltd., before rebranding to Mammy Mart Corporation in Apri...

Mammy Mart Corporation Financial Statement Overview

Summary

Income statement performance is solid with consistent revenue growth (latest +5.23%) and stable ~23% gross margin, but profitability is modest (2.71% net margin) and EBIT/EBITDA margins have slipped. Balance sheet is generally healthy with strong ROE (12.38%) and manageable leverage (debt-to-equity 0.47), though debt reliance has risen. Cash flow is robust at the operating level, but free cash flow has been volatile despite a recent positive turn.

Income Statement

75Positive

Balance Sheet

70Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	193.69B	193.69B	160.74B	145.04B	133.00B	136.68B
Gross Profit	44.50B	44.50B	39.05B	36.53B	34.47B	34.92B
EBITDA	10.60B	10.60B	9.29B	8.17B	7.25B	7.79B
Net Income	5.25B	5.25B	4.73B	4.31B	3.42B	3.93B
Balance Sheet
Total Assets	91.94B	91.94B	77.03B	66.43B	60.95B	57.33B
Cash, Cash Equivalents and Short-Term Investments	2.52B	2.52B	2.65B	6.91B	2.84B	3.26B
Total Debt	19.91B	19.91B	14.45B	5.33B	10.94B	9.68B
Total Liabilities	49.52B	49.52B	39.12B	32.41B	28.89B	28.05B
Stockholders Equity	42.37B	42.37B	37.87B	33.98B	32.03B	29.25B
Cash Flow
Free Cash Flow	2.45B	2.45B	-2.68B	12.38B	1.28B	4.72B
Operating Cash Flow	10.18B	10.18B	925.00M	14.71B	4.33B	6.93B
Investing Cash Flow	-9.77B	-9.77B	-5.74B	-2.50B	-2.83B	-1.95B
Financing Cash Flow	-543.00M	-543.00M	560.00M	-8.14B	-1.91B	-4.23B

Mammy Mart Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price926.00

Price Trends

50DMA967.27Negative

100DMA994.03Negative

200DMA1145.90Negative

Market Momentum

MACD-12.23Negative

RSI45.77Neutral

STOCH60.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9823, the sentiment is Negative. The current price of 926.00 is below the 20-day moving average (MA) of 926.45, below the 50-day MA of 967.27, and below the 200-day MA of 1145.90, indicating a bearish trend. The MACD of -12.23 indicates Negative momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 60.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9823.

Mammy Mart Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:9823 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9974	78Outperform	JPY 138.76B	12.40	―	1.95%	4.94%	-9.98%
JP:8198	76Outperform	JPY 101.20B	12.83	―	2.70%	0.90%	-28.84%
JP:8167	72Outperform	JPY 60.33B	13.02	―	2.94%	3.50%	-18.66%
JP:8194	71Outperform	JPY 233.34B	21.63	―	2.51%	2.59%	0.10%
JP:2742	69Neutral	JPY 81.24B	9.03	―	1.91%	6.48%	0.54%
JP:9823	68Neutral	JPY 50.33B	8.68	―	2.29%	21.09%	6.94%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

* Consumer Defensive Sector Average

Performance Comparison

JP:9823 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9823	Mammy Mart Corporation	926.00	-616.06	-39.95%
JP:2742	Halows Co., Ltd.	3770.00	-769.48	-16.95%
JP:8167	RETAIL PARTNERS CO., LTD.	1361.00	63.24	4.87%
JP:8194	Life Corporation	2707.00	282.73	11.66%
JP:8198	Maxvalu Tokai Co., Ltd.	3150.00	-300.73	-8.71%
JP:9974	BELC Co., Ltd.	6570.00	-702.06	-9.65%

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.

Date of analysis: Aug 06, 2026

Mammy Mart Corporation AI Stock Analysis