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Ministop Co., Ltd.
(9946)
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Rating:50Neutral
Price Target:
¥1,850.00
▼(-14.15% Downside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weak financial performance (continued operating and net losses, declining equity, and negative free cash flow) despite improving revenue and low leverage. Technicals contribute a small positive tilt (neutral RSI and positive MACD, with price above shorter-term moving averages), but valuation remains challenged due to losses and only a modest dividend yield.
Positive Factors
Revenue recovery
Top-line growth of roughly 10% in each of 2025–2026 demonstrates renewed demand and execution in core convenience operations. Sustained revenue momentum strengthens scale economics, supports supplier negotiation power and provides a runway to absorb restructuring or invest in higher‑margin prepared food initiatives over coming months.
Negative Factors
Persistent losses
Continued operating and net losses signal structural margin pressure below gross profit, indicating cost and operating inefficiencies or unprofitable store mix. Persistent deficits erode stakeholder confidence and require substantive operational fixes or portfolio changes to restore sustained profitability beyond short‑term revenue gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Top-line growth of roughly 10% in each of 2025–2026 demonstrates renewed demand and execution in core convenience operations. Sustained revenue momentum strengthens scale economics, supports supplier negotiation power and provides a runway to absorb restructuring or invest in higher‑margin prepared food initiatives over coming months.
Read all positive factors
Ministop Co., Ltd. (9946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.31B
Dividend Yield1.07%
Average Volume (3M)79.52K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth2.58%
EPS Growth-34.49%
CountryJP
Employees1,492
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)-268.44
Shares Outstanding29,372,774
10 Day Avg. Volume124,000
30 Day Avg. Volume79,523
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)2.08
Price to Sales (P/S)0.60
P/FCF Ratio-146.98
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)-39.6
Revenue Forecast (FY)¥94.50B
Ministop Co., Ltd. Business Overview & Revenue Model
Company Description
MINISTOP Co., Ltd. engages in the development and franchising of convenience store chains under the MINISTOP brand name in Japan and internationally. MINISTOP Co., Ltd. was incorporated in 1980 and is headquartered in Chiba, Japan....
How the Company Makes Money
Ministop makes money primarily through its convenience store operations. Revenue is generated from retail sales to customers in MINISTOP stores, including packaged groceries, beverages, daily necessities, and prepared/ready-to-eat foods produced o...
Ministop Co., Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.98B | 91.79B | 87.47B | 79.06B | 81.29B | 183.68B |
| Gross Profit | 38.00B | 38.75B | 37.68B | 37.42B | 36.93B | 49.70B |
| EBITDA | -4.01B | -1.99B | -414.00M | 2.92B | 2.45B | 7.77B |
| Net Income | -7.79B | -5.63B | -6.77B | -468.00M | 12.83B | -3.87B |
Balance Sheet | ||||||
| Total Assets | 74.41B | 69.01B | 74.69B | 77.90B | 79.22B | 117.26B |
| Cash, Cash Equivalents and Short-Term Investments | 26.77B | 23.17B | 23.90B | 25.78B | 30.43B | 29.66B |
| Total Debt | 605.00M | 761.00M | 247.00M | 307.00M | 1.65B | 14.57B |
| Total Liabilities | 49.89B | 41.85B | 41.90B | 37.22B | 38.60B | 88.77B |
| Stockholders Equity | 23.85B | 26.46B | 32.51B | 39.64B | 40.61B | 28.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -374.00M | -1.09B | -2.28B | -3.11B | -7.24B |
| Operating Cash Flow | 0.00 | 1.79B | 1.94B | 585.00M | -2.07B | -3.62B |
| Investing Cash Flow | 0.00 | -947.00M | -492.00M | -6.62B | 5.09B | 22.09B |
| Financing Cash Flow | 0.00 | -774.00M | -806.00M | -1.96B | -1.57B | -4.86B |
Ministop Co., Ltd. Technical Analysis
Positive
2155.00
Price Trends
1832.78
Positive
1845.67
Positive
1921.61
Negative
Market Momentum
9.01
Negative
61.99
Neutral
82.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9946, the sentiment is Positive. The current price of 2155 is above the 20-day moving average (MA) of 1846.85, above the 50-day MA of 1832.78, and above the 200-day MA of 1921.61, indicating a neutral trend. The MACD of 9.01 indicates Negative momentum. The RSI at 61.99 is Neutral, neither overbought nor oversold. The STOCH value of 82.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9946.
Ministop Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ¥196.51B | 9.11 | ― | 2.18% | 8.92% | 33.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥120.71B | 34.52 | ― | 1.84% | 5.18% | 6.61% | |
54 Neutral | ¥183.86B | 25.45 | ― | 1.44% | -0.40% | 45.73% | |
52 Neutral | ¥1.94B | 19.64 | ― | ― | -2.83% | -60.22% | |
50 Neutral | ¥54.31B | -6.77 | ― | 0.94% | 2.58% | -34.49% | |
49 Neutral | ¥175.19B | -33.14 | ― | 1.77% | 15.30% | -594.22% |
* General Sector Average
JP:9946
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Ministop Co., Ltd. Corporate Events
Ministop Posts Quarterly Loss But Keeps Profit and Dividend Forecasts Intact
Jul 30, 2026
Ministop reported a 5.0% year-on-year rise in gross operating revenue to ¥24.9 billion for the three months ended May 31, 2026, but booked an operating loss of ¥2.0 billion and a net loss attributable to owners of parent of ¥2.3 bil...
Ministop’s Q1 Revenue Rises but Higher Costs Pressure Profitability
Jul 8, 2026
Ministop Co., Ltd., a Prime Market-listed convenience store operator, derives its core earnings from franchise fees, sales at directly managed stores, and product supply operations. The company’s financial management emphasizes monitoring co...
Ministop Posts Quarterly Loss Despite Revenue Growth, Keeps Dividend Plan Intact
Jul 8, 2026
Ministop reported gross operating revenue of ¥24.9 billion for the three months ended May 31, 2026, up 5.0% year on year, but posted an operating loss of ¥2.0 billion and a net loss attributable to owners of the parent of ¥2.3 billi...
Ministop Details Governance and Position Under Aeon’s Controlling Stake
May 25, 2026
Ministop Co., Ltd., a convenience and retail operator within Japan’s Aeon Group, benefits from the parent company’s large-scale purchasing power, private-brand development, and shared services, while retaining autonomy over daily opera...
Ministop Issues 20th Series of Stock Options to Align Director Pay With Performance
May 22, 2026
Ministop Co., Ltd., a Japanese convenience store chain listed on the Tokyo Prime Market, has approved the issuance of its 20th series of share acquisition rights as share compensation-type stock options for directors. The program is structured to ...
Ministop Narrows Losses and Targets Return to Profit in Fiscal 2027
May 7, 2026
Ministop Co., Ltd. reported a 4.9% year-on-year increase in gross operating revenue to ¥91.8 billion for the fiscal year ended February 28, 2026, but remained in the red, posting an operating loss of ¥3.6 billion and a net loss of ¥...
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.