Financials Ryohin Keikaku Co., Ltd.

Equities

7453

JP3976300008

Department Stores

Market Closed - Japan Exchange Other stock markets 12:00:00 13/03/2026 pm IST			5-day change	1st Jan Change
3,757.00 ^JPY	+1.98%		+4.80%	+35.05%

11/03	Jefferies Adjusts Ryohin Keikaku's Price Target to 4,300 Yen From 4,200 Yen, Keeps at Buy	MT
09/03	Muji Bets On Affordable Skincare Products for Global Growth	MT

Projected Income Statement: Ryohin Keikaku Co., Ltd.

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	4,53,689	4,96,171	5,81,412	6,61,677	7,84,629	8,79,356	9,61,878	10,44,220
Change	-	9.36%	17.18%	13.81%	18.58%	12.07%	9.38%	8.56%
EBITDA ¹	62,569	56,059	59,022	84,993	1,06,144	1,20,168	1,32,015	1,44,003
Change	-	-10.4%	5.29%	44%	24.89%	13.21%	9.86%	9.08%
EBIT ¹	42,447	32,773	33,137	56,135	73,840	86,140	97,257	1,09,020
Change	-	-22.79%	1.11%	69.4%	31.54%	16.66%	12.91%	12.09%
Interest Paid ¹	-1,395	-1,352	-1,663	-2,226	-2,766	-3,562	-3,172	-3,255
Earnings before Tax (EBT) ¹	48,589	33,204	33,767	59,914	65,958	84,877	94,445	1,06,226
Change	-	-31.66%	1.7%	77.43%	10.09%	28.68%	11.27%	12.47%
Net income ¹	33,903	24,558	22,052	41,566	50,846	59,659	66,375	74,964
Change	-	-27.56%	-10.2%	88.49%	22.33%	17.33%	11.26%	12.94%
Announcement Date	14/10/21	13/10/22	13/10/23	10/10/24	10/10/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: August	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,14,960	1,13,393	1,16,696	1,08,640	1,22,946	1,21,550	1,26,260	1,25,415	1,36,948	1,46,382	1,52,467	1,45,615	1,62,913	1,56,926	1,75,860	1,65,978	1,97,690	1,84,333	2,09,070	1,93,536	2,28,227	2,02,887	2,33,695	2,14,836	2,51,000	2,27,000	2,58,000	2,40,000
Change	-	-1.36%	2.91%	-6.9%	13.17%	-1.14%	3.87%	-0.67%	9.2%	6.89%	4.16%	-4.49%	11.88%	-3.67%	12.07%	-5.62%	19.11%	-6.76%	13.42%	-7.43%	17.92%	-11.1%	15.18%	-8.07%	16.83%	-9.56%	13.66%	-6.98%
EBITDA ¹	17,664	15,034	16,618	13,253	16,178	-	11,010	-	-	-	-	-	-	-	-	-	-	-	-	-	36,962	19,792	39,271	17,871	-	-	-	-
Change	-	-14.89%	10.54%	-20.25%	22.07%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12.04%	-46.45%	98.42%	-54.49%	-	-	-	-
EBIT ¹	13,154	10,239	11,804	7,250	11,147	7,707	5,978	7,941	5,021	5,156	12,495	10,465	13,882	10,217	18,370	13,666	21,957	14,148	23,301	14,434	28,383	15,515	26,773	16,582	32,000	20,000	31,500	21,500
Change	-	-22.16%	15.28%	-38.58%	53.75%	-30.86%	-22.43%	32.84%	-36.77%	2.69%	142.34%	-16.25%	32.65%	-26.4%	79.8%	-25.61%	60.67%	-35.56%	64.69%	-38.05%	96.64%	-45.34%	72.56%	-38.07%	92.99%	-37.5%	57.5%	-31.75%
Charge d'intérêts	-338	-	-340	-	-361	-	-385	-	-344	-	-430	-	-496	-	-625	-	-627	-	-727	-	-748	-	-	-	-	-	-	-
Earnings before Tax (EBT)	15,988	-	12,888	-	11,669	-	7,948	-	5,433	-	16,072	6,732	14,565	-	27,116	-	21,206	-	23,020	8,865	31,473	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-58.11%	116.35%	-	-	-	-	-	-	-61.49%	255.03%	-	-	-	-	-	-	-
Net income ¹	12,248	8,125	8,752	4,778	7,843	6,934	5,221	4,560	3,895	3,463	11,324	3,370	9,801	5,971	17,735	8,059	14,955	10,527	18,109	7,255	22,047	10,505	18,021	10,655	22,400	13,500	21,700	14,400
Change	-	-33.66%	7.72%	-45.41%	64.15%	-11.59%	-24.7%	-12.66%	-14.58%	-11.09%	227%	-70.24%	190.83%	-39.08%	197.02%	-54.56%	85.57%	-29.61%	72.02%	-59.94%	203.89%	-52.35%	71.55%	-40.88%	110.24%	-39.73%	60.74%	-33.64%
Announcement Date	08/01/21	14/04/21	02/07/21	14/10/21	07/01/22	14/04/22	08/07/22	13/10/22	06/01/23	13/04/23	07/07/23	13/10/23	12/01/24	12/04/24	12/07/24	10/10/24	10/01/25	11/04/25	11/07/25	10/10/25	14/01/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: August	2021 S2	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	2,25,336	2,44,496	2,83,330	3,19,839	3,82,023
Change	-	8.5%	15.88%	12.89%	19.44%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	19,054	18,854	10,177	24,099	36,105
Change	-	-1.05%	-46.02%	136.8%	49.82%
Charge d'intérêts ¹	-	-696	-720	-1,012	-1,294
Earnings before Tax (EBT) ¹	-	18,801	10,963	24,186	34,073
Change	-	-	-41.69%	120.61%	40.88%
Net income ¹	-	14,777	7,358	15,772	25,482
Change	-	-	-50.21%	114.35%	61.56%
Announcement Date	14/10/21	14/04/22	13/04/23	12/04/24	11/04/25

¹JPY in Million

Estimates

Forecast Balance Sheet: Ryohin Keikaku Co., Ltd.

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-25,912	-13,713	-19,382	-1,09,779	-32,800	-95,472	-1,18,336	-1,37,374
Change	-	47.08%	-41.34%	-466.4%	70.12%	-191.07%	-23.95%	-16.09%
Announcement Date	14/10/21	13/10/22	13/10/23	10/10/24	10/10/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Ryohin Keikaku Co., Ltd.

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	25,617	17,679	44,142	38,933	62,934	42,286	44,611	46,900
Change	-	-30.99%	149.69%	-11.8%	61.65%	-32.81%	5.5%	5.13%
Free Cash Flow (FCF) ¹	52,960	6,667	34,421	30,850	10,421	44,410	53,367	66,601
Change	-	-87.41%	416.29%	-10.37%	-66.22%	326.16%	20.17%	24.8%
Announcement Date	14/10/21	13/10/22	13/10/23	10/10/24	10/10/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Ryohin Keikaku Co., Ltd.

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	13.79%	11.3%	10.15%	12.85%	13.53%	13.67%	13.72%	13.79%
EBIT Margin (%)	9.36%	6.61%	5.7%	8.48%	9.41%	9.8%	10.11%	10.44%
EBT Margin (%)	10.71%	6.69%	5.81%	9.05%	8.41%	9.65%	9.82%	10.17%
Net margin (%)	7.47%	4.95%	3.79%	6.28%	6.48%	6.78%	6.9%	7.18%
FCF margin (%)	11.67%	1.34%	5.92%	4.66%	1.33%	5.05%	5.55%	6.38%
FCF / Net Income (%)	156.21%	27.15%	156.09%	74.22%	20.5%	74.44%	80.4%	88.84%
Profitability
ROA	12.3%	9.4%	8.5%	11.6%	9.48%	11.47%	11.87%	12.41%
ROE	17.3%	10.8%	8.7%	14.9%	16.3%	17.14%	17.12%	17.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.65%	3.56%	7.59%	5.88%	8.02%	4.81%	4.64%	4.49%
CAPEX / EBITDA (%)	40.94%	31.54%	74.79%	45.81%	59.29%	35.19%	33.79%	32.57%
CAPEX / FCF (%)	48.37%	265.17%	128.24%	126.2%	603.92%	95.22%	83.59%	70.42%
Items per share
Cash flow per share ¹	101.1	89.02	89.22	132.3	156.8	175.5	212.9	256.2
Change	-	-11.94%	0.22%	48.25%	18.52%	11.98%	21.3%	20.3%
Dividend per Share ¹	20	20	20	20	50	29.52	33.89	37.76
Change	-	0%	0%	0%	150%	-40.97%	14.81%	11.44%
Book Value Per Share ¹	403.4	458	498.6	553.1	625.4	697.6	786.2	883.2
Change	-	13.53%	8.87%	10.93%	13.08%	11.55%	12.7%	12.34%
EPS ¹	64.45	46.62	41.76	78.55	95.92	111.8	124.7	141.3
Change	-	-27.66%	-10.44%	88.12%	22.11%	16.56%	11.57%	13.3%
Nbr of stocks (in thousands)	5,26,056	5,27,144	5,28,465	5,29,404	5,30,224	5,30,651	5,30,651	5,30,651
Announcement Date	14/10/21	13/10/22	13/10/23	10/10/24	10/10/25	-	-	-