TRIAL Holdings (141A) 주식 개요는 소매, 물류, 금융/결제 서비스, 리테일 테크 사업을 운영하고 있습니다. 자세히 보기141A 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장4/6과거 실적2/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 65.6% 에서 거래수익은 매년 28.59% 증가할 것으로 예상됩니다.분석가들은 주가가 49.8% 상승할 것이라는 데 동의합니다.위험 분석지난 3개월 동안 주가 변동성이 JP 시장과 비교했을 때 매우 높았습니다.부채비율이 높네요이익 마진 (0.8%)이 지난해 (1.3%)보다 낮습니다.모든 위험 점검 보기141A Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW484,243 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG484,243 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥3.03k7.4% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02t2016201920222025202620282031Revenue JP¥1.8tEarnings JP¥13.8bAdvancedSet Fair ValueView all narrativesTRIAL Holdings, Inc. 경쟁사Kusuri No Aoki HoldingsSymbol: TSE:3549Market cap: JP¥363.8bAeonSymbol: TSE:8267Market cap: JP¥3.8tWatahanLtdSymbol: TSE:3199Market cap: JP¥25.1bMakiyaSymbol: TSE:9890Market cap: JP¥13.7b가격 이력 및 성과TRIAL Holdings 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥3,025.0052주 최고가JP¥4,840.0052주 최저가JP¥1,996.00베타1.191개월 변동10.24%3개월 변동-31.95%1년 변동24.43%3년 변동n/a5년 변동n/aIPO 이후 변동37.50%최근 뉴스 및 업데이트실시간 뉴스 • Jun 25Trial Holdings Secures ¥367.4b Syndicated Loan for Seiyu Acquisition RefinancingTRIAL Holdings has secured a ¥367.4b unsecured syndicated term loan, arranged by MUFG Bank and other domestic lenders, to refinance the one-year bridge loan used for its acquisition of Seiyu. The facility has a 10-year tenor with equal quarterly repayments and includes financial covenants. Management plans to use interest rate swaps on part of the facility to hedge rate risk, aiming to stabilise borrowing costs and support the group’s post-acquisition capital structure without changing its current forecasts. TRIAL Holdings’ stock last traded at ¥3,035, with the share price down 26.2% over the past 90 days. The refinancing terms and long tenor may draw attention to balance sheet resilience and debt servicing capacity. The key read-through is that refinancing short-term acquisition debt with a long-dated, unsecured syndicated loan shifts the focus to TRIAL Holdings’ ability to meet covenants and manage interest costs over a decade rather than near-term refinancing risk.Upcoming Dividend • Jun 22Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.1%).분석 기사 • Jun 21TRIAL Holdings (TSE:141A) Stock Looks Pricey After Strong May Sales MomentumSales momentum puts TRIAL Holdings in focus TRIAL Holdings (TSE:141A) moved into the spotlight after reporting preliminary May 2026 figures showing comparable store sales at 107.2% year over year and all store sales at 115.1%, drawing fresh attention to recent stock performance. For the year to date through May, TRIAL Holdings reported comparable store sales of 102.2% and all store sales of 110.4%, giving investors new data points to weigh alongside the stock’s recent price swings. See our...실시간 뉴스 • Jun 12TRIAL Holdings Surpasses Sales Goals With Larger Baskets and Super Center ExpansionSame-store sales in May were 7.2% higher than the company’s sales plan, supported by higher spending per customer visit even as traffic was softer. Beer, private-brand bakery items, ready meals and household goods were key product categories contributing to sales performance. The store network was reshaped with new large-format Super Centers, closures of smaller outlets and a conversion of a SEIYU store, with the stated goal of improving store productivity and format clarity. The combination of stronger basket sizes and a refocused store network indicates that management is prioritising store-level efficiency and clearer positioning across formats. For investors, the key questions are how sustainably TRIAL can maintain higher spend per visit and whether further store openings, closures or conversions will affect near-term costs as the company works toward its stated productivity goals.공고 • Jun 11TRIAL Holdings, Inc. to Report Fiscal Year 2026 Results on Aug 13, 2026TRIAL Holdings, Inc. announced that they will report fiscal year 2026 results on Aug 13, 2026Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥3,060, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,499 per share.더 많은 업데이트 보기Recent updates실시간 뉴스 • Jun 25Trial Holdings Secures ¥367.4b Syndicated Loan for Seiyu Acquisition RefinancingTRIAL Holdings has secured a ¥367.4b unsecured syndicated term loan, arranged by MUFG Bank and other domestic lenders, to refinance the one-year bridge loan used for its acquisition of Seiyu. The facility has a 10-year tenor with equal quarterly repayments and includes financial covenants. Management plans to use interest rate swaps on part of the facility to hedge rate risk, aiming to stabilise borrowing costs and support the group’s post-acquisition capital structure without changing its current forecasts. TRIAL Holdings’ stock last traded at ¥3,035, with the share price down 26.2% over the past 90 days. The refinancing terms and long tenor may draw attention to balance sheet resilience and debt servicing capacity. The key read-through is that refinancing short-term acquisition debt with a long-dated, unsecured syndicated loan shifts the focus to TRIAL Holdings’ ability to meet covenants and manage interest costs over a decade rather than near-term refinancing risk.Upcoming Dividend • Jun 22Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.1%).분석 기사 • Jun 21TRIAL Holdings (TSE:141A) Stock Looks Pricey After Strong May Sales MomentumSales momentum puts TRIAL Holdings in focus TRIAL Holdings (TSE:141A) moved into the spotlight after reporting preliminary May 2026 figures showing comparable store sales at 107.2% year over year and all store sales at 115.1%, drawing fresh attention to recent stock performance. For the year to date through May, TRIAL Holdings reported comparable store sales of 102.2% and all store sales of 110.4%, giving investors new data points to weigh alongside the stock’s recent price swings. See our...실시간 뉴스 • Jun 12TRIAL Holdings Surpasses Sales Goals With Larger Baskets and Super Center ExpansionSame-store sales in May were 7.2% higher than the company’s sales plan, supported by higher spending per customer visit even as traffic was softer. Beer, private-brand bakery items, ready meals and household goods were key product categories contributing to sales performance. The store network was reshaped with new large-format Super Centers, closures of smaller outlets and a conversion of a SEIYU store, with the stated goal of improving store productivity and format clarity. The combination of stronger basket sizes and a refocused store network indicates that management is prioritising store-level efficiency and clearer positioning across formats. For investors, the key questions are how sustainably TRIAL can maintain higher spend per visit and whether further store openings, closures or conversions will affect near-term costs as the company works toward its stated productivity goals.공고 • Jun 11TRIAL Holdings, Inc. to Report Fiscal Year 2026 Results on Aug 13, 2026TRIAL Holdings, Inc. announced that they will report fiscal year 2026 results on Aug 13, 2026Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥3,060, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,499 per share.실시간 뉴스 • May 20TRIAL Holdings Shares Drop 31.8% Following Valuation and Debt Concerns as Store Network Changes ContinueTRIAL Holdings stock dropped 31.8% after concerns about its valuation, high debt-to-equity ratio and thin operating margins triggered heavy selling. The selloff came as Japan’s discount retail sector showed broader weakness, putting additional pressure on investor sentiment toward the company. Management is reshaping the store network by opening larger-format outlets, closing smaller stores and converting a SEIYU site, while same-store sales met and exceeded its internal plan through higher spending per visit. The sharp share price decline highlights how sensitive the stock is to balance sheet worries and profitability, even as the core retail format and merchandising mix continue to support same-store sales performance in key categories like beer, bakery, ready meals and household goods. Investors may want to pay close attention to the August 19, 2026 earnings release, as any new detail on debt, margins and the impact of store network changes on overall productivity could be an important input to reassessing the risk profile.Reported Earnings • May 18Third quarter 2026 earnings: EPS exceeds analyst expectationsThird quarter 2026 results: EPS: JP¥15.23 (down from JP¥18.35 in 3Q 2025). Revenue: JP¥333.8b (up 70% from 3Q 2025). Net income: JP¥1.87b (down 17% from 3Q 2025). Profit margin: 0.6% (down from 1.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan.공고 • May 09TRIAL Holdings, Inc. to Report Q3, 2026 Results on May 14, 2026TRIAL Holdings, Inc. announced that they will report Q3, 2026 results on May 14, 2026Major Estimate Revision • Mar 14Consensus EPS estimates increase by 81%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥15.13 to JP¥27.32. Revenue forecast steady at JP¥1.34t. Net income forecast to shrink 19% next year vs 5.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥3,457 to JP¥4,400. Share price was steady at JP¥4,020 over the past week.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥3,820, the stock trades at a forward P/E ratio of 85x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 73% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,119 per share.분석 기사 • Feb 19TRIAL Holdings' (TSE:141A) Soft Earnings Don't Show The Whole PictureTRIAL Holdings, Inc.'s ( TSE:141A ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...Major Estimate Revision • Feb 19Consensus EPS estimates increase by 92%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥7.88 to JP¥15.13. Revenue forecast steady at JP¥1.33t. Net income forecast to shrink 39% next year vs 6.0% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥3,129 to JP¥3,457. Share price rose 40% to JP¥4,480 over the past week.Price Target Changed • Feb 18Price target increased by 14% to JP¥3,457Up from JP¥3,043, the current price target is an average from 7 analysts. New target price is 15% below last closing price of JP¥4,045. Stock is up 120% over the past year. The company is forecast to post earnings per share of JP¥7.11 for next year compared to JP¥96.23 last year.Declared Dividend • Feb 14Dividend of JP¥16.00 announcedDividend of JP¥16.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 5%.Reported Earnings • Feb 14Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥41.16 (up from JP¥24.35 in 2Q 2025). Revenue: JP¥355.9b (up 70% from 2Q 2025). Net income: JP¥5.04b (up 69% from 2Q 2025). Profit margin: 1.4% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 112%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan.New Risk • Feb 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 31%After last week's 31% share price gain to JP¥3,890, the stock trades at a forward P/E ratio of 155x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,231 per share.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,876, the stock trades at a forward P/E ratio of 115x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 4.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,005 per share.공고 • Dec 11TRIAL Holdings, Inc. to Report Q2, 2026 Results on Feb 12, 2026TRIAL Holdings, Inc. announced that they will report Q2, 2026 results on Feb 12, 2026New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin).Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥2,420, the stock trades at a forward P/E ratio of 323x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,047 per share.분석 기사 • Nov 10Some Confidence Is Lacking In TRIAL Holdings, Inc.'s (TSE:141A) P/ETRIAL Holdings, Inc.'s ( TSE:141A ) price-to-earnings (or "P/E") ratio of 22.7x might make it look like a strong sell...분석 기사 • Sep 16Is Trial Holdings Inc. (TSE:141A) Trading At A 39% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Trial Holdings fair value estimate is JP¥4,049 Trial Holdings...Major Estimate Revision • Sep 03Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥117 to JP¥94.74 per share. Revenue forecast steady at JP¥1.35t. Net income forecast to shrink 94% next year vs 6.3% growth forecast for Consumer Retailing industry in Japan . Consensus price target broadly unchanged at JP¥2,920. Share price fell 12% to JP¥2,508 over the past week.공고 • Sep 03Trial Holdings Inc. to Report Q1, 2026 Results on Nov 13, 2025Trial Holdings Inc. announced that they will report Q1, 2026 results on Nov 13, 2025분석 기사 • Aug 20We Think That There Are Some Issues For Trial Holdings (TSE:141A) Beyond Its Promising EarningsTrial Holdings Inc.'s ( TSE:141A ) healthy profit numbers didn't contain any surprises for investors. We believe that...분석 기사 • Aug 19Analysts Are Betting On Trial Holdings Inc. (TSE:141A) With A Big Upgrade This WeekShareholders in Trial Holdings Inc. ( TSE:141A ) may be thrilled to learn that the analysts have just delivered a major...Reported Earnings • Aug 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥96.23. Revenue: JP¥803.8b (up 12% from FY 2024). Net income: JP¥11.8b (up 2.7% from FY 2024). Profit margin: 1.5% (down from 1.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan.공고 • Aug 13Trial Holdings Inc., Annual General Meeting, Sep 26, 2025Trial Holdings Inc., Annual General Meeting, Sep 26, 2025.분석 기사 • Jul 10Investors Appear Satisfied With Trial Holdings Inc.'s (TSE:141A) Prospects As Shares Rocket 26%Trial Holdings Inc. ( TSE:141A ) shareholders would be excited to see that the share price has had a great month...Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,518, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total loss to shareholders of 4.8% over the past year.공고 • Jul 02Trial Holdings Inc. (TSE:141A) completed the acquisition of Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT).Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion on March 5, 2025. As part of the transaction, Walmart to sell 15% stake and KKR to sell 85% of Seiyu to Trial. Seiyu has unaudited financial figures of net sales of ¥483.5 billion, EBITDA of ¥34 billion, and operating profit of ¥23.5 billion for 2024. The funds for the acquisition of shares will be sourced from its own funds, leveraging our solid financial position. Trial plan to utilize existing cash and newly arranged bank borrowings of ¥370 billion from banks. The transaction is subject to regulatory and customary closing conditions and Scheduled Date of commencement of share transfer is on July 1, 2025, may change depending on the progress of procedures related to competition laws. Mitsubishi UFJ Morgan Stanley Securities acted as the financial advisor to Seiyu GK. Noritaka Kumamoto, Jonathan Stradling, Makiko Harunari and Atsushi Usui of Simpson Thacher & Bartlett LLP acted as legal advisor to KKR & Co. Inc. Trial Holdings Inc. (TSE:141A) completed the acquisition of Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) on July 1, 2025. As part of acquisition, 99,234,000 shares were acquired.Upcoming Dividend • Jun 20Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.7%).공고 • Jun 06Trial Holdings Inc. to Report Fiscal Year 2025 Results on Aug 13, 2025Trial Holdings Inc. announced that they will report fiscal year 2025 results on Aug 13, 2025Price Target Changed • May 08Price target decreased by 7.4% to JP¥2,940Down from JP¥3,175, the current price target is an average from 5 analysts. New target price is 29% above last closing price of JP¥2,271. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥110 last year.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,354, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total loss to shareholders of 8.7% over the past year.공고 • Mar 25Trial Holdings Inc. Announces President Changes, Effective April 1, 2025TRIAL Holdings Inc. announced that at the Board of Directors meeting held on March 25, 2025, it has resolved to change the Company's representative directors as described below. Koichi Kameda: Current Position- President; new position: Director and Vice Chairman; Hiro Nagata- New Position: Representative Director and President. Reason for the Changes; The Company aims to ensure the sustainable growth of the group and further enhance corporate value under the new management structure. Date of Change: April 1, 2025; Career Summary of the newly appointed Representative Director: Hiro Nagata; DOB: (April 2, 1982); Career Summary: August 2009 Joined TRIAL Company Inc.; May 2012 Executive Manager of Corporate Planning Department of Trial Retail Engineering Inc.; November 2018 Representative Director and CEO of Retail AI Inc. (current position); September 2020 Director of TRIAL Holdings Inc. (current position); October 2021 Executive Manager of Company Communication of TRIAL Holdings Inc.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥2,208, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,203 per share.공고 • Mar 08Trial Holdings Inc. to Report Q3, 2025 Results on May 14, 2025Trial Holdings Inc. announced that they will report Q3, 2025 results on May 14, 2025공고 • Mar 07Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion.Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion on March 5, 2025. As part of the transaction, Walmart to sell 15% stake and KKR to sell 85% of Seiyu to Trial. Seiyu has unaudited financial figures of net sales of ¥483.5 billion, EBITDA of ¥34 billion, and operating profit of ¥23.5 billion for 2024. The funds for the acquisition of shares will be sourced from its own funds, leveraging our solid financial position. Trial plan to utilize existing cash and newly arranged bank borrowings of ¥370 billion from banks. The transaction is subject to regulatory and customary closing conditions and Scheduled Date of commencement of share transfer is on July 1, 2025, may change depending on the progress of procedures related to competition laws. Mitsubishi UFJ Morgan Stanley Securities acted as the financial advisor to Seiyu GK.Declared Dividend • Feb 15Dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 27th June 2025 Payment date: 30th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 5%.New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Feb 14Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥2,110, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Consumer Retailing industry in Japan.Reported Earnings • Nov 19First quarter 2025 earnings released: EPS: JP¥25.91 (vs JP¥35.67 in 1Q 2024)First quarter 2025 results: EPS: JP¥25.91 (down from JP¥35.67 in 1Q 2024). Revenue: JP¥195.8b (up 7.4% from 1Q 2024). Net income: JP¥3.16b (down 9.0% from 1Q 2024). Profit margin: 1.6% (down from 1.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan.공고 • Nov 13Trial Holdings Inc. to Report Q2, 2025 Results on Feb 13, 2025Trial Holdings Inc. announced that they will report Q2, 2025 results on Feb 13, 2025New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.분석 기사 • Oct 04Statutory Profit Doesn't Reflect How Good Trial Holdings' (TSE:141A) Earnings AreEven though Trial Holdings Inc.'s ( TSE:141A ) recent earnings release was robust, the market didn't seem to notice...Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥110 (up from JP¥82.89 in FY 2023). Revenue: JP¥720.4b (up 9.9% from FY 2023). Net income: JP¥11.4b (up 42% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan.분석 기사 • Sep 22Is Trial Holdings (TSE:141A) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공고 • Sep 05Trial Holdings Inc. to Report Q1, 2025 Results on Nov 13, 2024Trial Holdings Inc. announced that they will report Q1, 2025 results on Nov 13, 2024Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,255, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Consumer Retailing industry in Japan.Reported Earnings • Aug 18Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥110 (up from JP¥82.89 in FY 2023). Revenue: JP¥720.4b (up 9.9% from FY 2023). Net income: JP¥11.4b (up 42% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Japan.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,328, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Consumer Retailing industry in Japan.Reported Earnings • May 18Third quarter 2024 earnings released: EPS: JP¥25.55 (vs JP¥19.99 in 3Q 2023)Third quarter 2024 results: EPS: JP¥25.55 (up from JP¥19.99 in 3Q 2023). Revenue: JP¥174.5b (up 9.8% from 3Q 2023). Net income: JP¥2.55b (up 31% from 3Q 2023). Profit margin: 1.5% (up from 1.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Japan.공고 • May 16Trial Holdings Inc. to Report Fiscal Year 2024 Results on Aug 13, 2024Trial Holdings Inc. announced that they will report fiscal year 2024 results on Aug 13, 2024공고 • Mar 29Trial Holdings Inc. to Report Q3, 2024 Results on May 14, 2024Trial Holdings Inc. announced that they will report Q3, 2024 results on May 14, 2024공고 • Mar 22Trial Holdings Inc. has completed an IPO in the amount of ¥38.85027 billion.Trial Holdings Inc. has completed an IPO in the amount of ¥38.85027 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 15,768,600 Price\Range: ¥1700 Discount Per Security: ¥102 Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,431,400 Price\Range: ¥1700 Discount Per Security: ¥102 Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,653,100 Price\Range: ¥1700 Discount Per Security: ¥102 Transaction Features: Rule 144A; Sponsor Backed OfferingBoard Change • Mar 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Outside Independent Director Xiangxiu Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.주주 수익률141AJP Consumer RetailingJP 시장7D-2.4%-3.0%1.8%1Y24.4%-9.7%44.6%전체 주주 수익률 보기수익률 대 산업: 141A은 지난 1년 동안 -9.7%의 수익을 기록한 JP Consumer Retailing 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 141A은 지난 1년 동안 44.6%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 141A's price volatile compared to industry and market?141A volatility141A Average Weekly Movement10.4%Consumer Retailing Industry Average Movement3.1%Market Average Movement4.3%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%안정적인 주가: 141A의 주가는 지난 3개월 동안 JP 시장보다 변동성이 컸습니다.시간에 따른 변동성: 141A의 주간 변동성(10%)은 지난 1년 동안 안정적이었지만 JP 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트19747,080Hiro Nagatawww.trial-holdings.inc는 소매, 물류, 금융/결제 서비스, 리테일 테크 사업을 운영하고 있습니다. 이 회사는 식품, 생활용품, 가전제품을 판매하는 할인점 기반의 매장을 운영하고 있습니다. 또한 IoT 기기를 활용한 다양한 솔루션과 소프트웨어 서비스도 제공합니다.더 보기TRIAL Holdings, Inc. 기초 지표 요약TRIAL Holdings의 순이익과 매출은 시가총액과 어떻게 비교됩니까?141A 기초 통계시가총액JP¥368.54b순이익 (TTM)JP¥9.30b매출 (TTM)JP¥1.21t39.9x주가수익비율(P/E)0.3x주가매출비율(P/S)141A는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표141A 손익계산서 (TTM)매출JP¥1.21t매출원가JP¥925.88b총이익JP¥281.57b기타 비용JP¥272.27b순이익JP¥9.30b최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 13, 2026주당순이익(EPS)75.83총이익률23.32%순이익률0.77%부채/자본 비율292.3%141A의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당0.5%현재 배당 수익률21%배당 성향141A는 안정적으로 배당을 지급합니까?141A 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 141A를 매수해야 하나요?TRIAL Holdings 배당 일정배당락일Jun 29 2026배당 지급일Sep 29 2026배당락일까지 남은 일수18 days배당 지급일까지 남은 일수74 days141A는 안정적으로 배당을 지급합니까?141A 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/16 15:51종가2026/07/16 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TRIAL Holdings, Inc.는 12명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Arashi NishizawaBofA Global ResearchCiti ResearchCitigroup IncHiroki WatanabeCitigroup Inc9명의 분석가 더 보기
실시간 뉴스 • Jun 25Trial Holdings Secures ¥367.4b Syndicated Loan for Seiyu Acquisition RefinancingTRIAL Holdings has secured a ¥367.4b unsecured syndicated term loan, arranged by MUFG Bank and other domestic lenders, to refinance the one-year bridge loan used for its acquisition of Seiyu. The facility has a 10-year tenor with equal quarterly repayments and includes financial covenants. Management plans to use interest rate swaps on part of the facility to hedge rate risk, aiming to stabilise borrowing costs and support the group’s post-acquisition capital structure without changing its current forecasts. TRIAL Holdings’ stock last traded at ¥3,035, with the share price down 26.2% over the past 90 days. The refinancing terms and long tenor may draw attention to balance sheet resilience and debt servicing capacity. The key read-through is that refinancing short-term acquisition debt with a long-dated, unsecured syndicated loan shifts the focus to TRIAL Holdings’ ability to meet covenants and manage interest costs over a decade rather than near-term refinancing risk.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.1%).
분석 기사 • Jun 21TRIAL Holdings (TSE:141A) Stock Looks Pricey After Strong May Sales MomentumSales momentum puts TRIAL Holdings in focus TRIAL Holdings (TSE:141A) moved into the spotlight after reporting preliminary May 2026 figures showing comparable store sales at 107.2% year over year and all store sales at 115.1%, drawing fresh attention to recent stock performance. For the year to date through May, TRIAL Holdings reported comparable store sales of 102.2% and all store sales of 110.4%, giving investors new data points to weigh alongside the stock’s recent price swings. See our...
실시간 뉴스 • Jun 12TRIAL Holdings Surpasses Sales Goals With Larger Baskets and Super Center ExpansionSame-store sales in May were 7.2% higher than the company’s sales plan, supported by higher spending per customer visit even as traffic was softer. Beer, private-brand bakery items, ready meals and household goods were key product categories contributing to sales performance. The store network was reshaped with new large-format Super Centers, closures of smaller outlets and a conversion of a SEIYU store, with the stated goal of improving store productivity and format clarity. The combination of stronger basket sizes and a refocused store network indicates that management is prioritising store-level efficiency and clearer positioning across formats. For investors, the key questions are how sustainably TRIAL can maintain higher spend per visit and whether further store openings, closures or conversions will affect near-term costs as the company works toward its stated productivity goals.
공고 • Jun 11TRIAL Holdings, Inc. to Report Fiscal Year 2026 Results on Aug 13, 2026TRIAL Holdings, Inc. announced that they will report fiscal year 2026 results on Aug 13, 2026
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥3,060, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,499 per share.
실시간 뉴스 • Jun 25Trial Holdings Secures ¥367.4b Syndicated Loan for Seiyu Acquisition RefinancingTRIAL Holdings has secured a ¥367.4b unsecured syndicated term loan, arranged by MUFG Bank and other domestic lenders, to refinance the one-year bridge loan used for its acquisition of Seiyu. The facility has a 10-year tenor with equal quarterly repayments and includes financial covenants. Management plans to use interest rate swaps on part of the facility to hedge rate risk, aiming to stabilise borrowing costs and support the group’s post-acquisition capital structure without changing its current forecasts. TRIAL Holdings’ stock last traded at ¥3,035, with the share price down 26.2% over the past 90 days. The refinancing terms and long tenor may draw attention to balance sheet resilience and debt servicing capacity. The key read-through is that refinancing short-term acquisition debt with a long-dated, unsecured syndicated loan shifts the focus to TRIAL Holdings’ ability to meet covenants and manage interest costs over a decade rather than near-term refinancing risk.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.1%).
분석 기사 • Jun 21TRIAL Holdings (TSE:141A) Stock Looks Pricey After Strong May Sales MomentumSales momentum puts TRIAL Holdings in focus TRIAL Holdings (TSE:141A) moved into the spotlight after reporting preliminary May 2026 figures showing comparable store sales at 107.2% year over year and all store sales at 115.1%, drawing fresh attention to recent stock performance. For the year to date through May, TRIAL Holdings reported comparable store sales of 102.2% and all store sales of 110.4%, giving investors new data points to weigh alongside the stock’s recent price swings. See our...
실시간 뉴스 • Jun 12TRIAL Holdings Surpasses Sales Goals With Larger Baskets and Super Center ExpansionSame-store sales in May were 7.2% higher than the company’s sales plan, supported by higher spending per customer visit even as traffic was softer. Beer, private-brand bakery items, ready meals and household goods were key product categories contributing to sales performance. The store network was reshaped with new large-format Super Centers, closures of smaller outlets and a conversion of a SEIYU store, with the stated goal of improving store productivity and format clarity. The combination of stronger basket sizes and a refocused store network indicates that management is prioritising store-level efficiency and clearer positioning across formats. For investors, the key questions are how sustainably TRIAL can maintain higher spend per visit and whether further store openings, closures or conversions will affect near-term costs as the company works toward its stated productivity goals.
공고 • Jun 11TRIAL Holdings, Inc. to Report Fiscal Year 2026 Results on Aug 13, 2026TRIAL Holdings, Inc. announced that they will report fiscal year 2026 results on Aug 13, 2026
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥3,060, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,499 per share.
실시간 뉴스 • May 20TRIAL Holdings Shares Drop 31.8% Following Valuation and Debt Concerns as Store Network Changes ContinueTRIAL Holdings stock dropped 31.8% after concerns about its valuation, high debt-to-equity ratio and thin operating margins triggered heavy selling. The selloff came as Japan’s discount retail sector showed broader weakness, putting additional pressure on investor sentiment toward the company. Management is reshaping the store network by opening larger-format outlets, closing smaller stores and converting a SEIYU site, while same-store sales met and exceeded its internal plan through higher spending per visit. The sharp share price decline highlights how sensitive the stock is to balance sheet worries and profitability, even as the core retail format and merchandising mix continue to support same-store sales performance in key categories like beer, bakery, ready meals and household goods. Investors may want to pay close attention to the August 19, 2026 earnings release, as any new detail on debt, margins and the impact of store network changes on overall productivity could be an important input to reassessing the risk profile.
Reported Earnings • May 18Third quarter 2026 earnings: EPS exceeds analyst expectationsThird quarter 2026 results: EPS: JP¥15.23 (down from JP¥18.35 in 3Q 2025). Revenue: JP¥333.8b (up 70% from 3Q 2025). Net income: JP¥1.87b (down 17% from 3Q 2025). Profit margin: 0.6% (down from 1.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan.
공고 • May 09TRIAL Holdings, Inc. to Report Q3, 2026 Results on May 14, 2026TRIAL Holdings, Inc. announced that they will report Q3, 2026 results on May 14, 2026
Major Estimate Revision • Mar 14Consensus EPS estimates increase by 81%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥15.13 to JP¥27.32. Revenue forecast steady at JP¥1.34t. Net income forecast to shrink 19% next year vs 5.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥3,457 to JP¥4,400. Share price was steady at JP¥4,020 over the past week.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥3,820, the stock trades at a forward P/E ratio of 85x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 73% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,119 per share.
분석 기사 • Feb 19TRIAL Holdings' (TSE:141A) Soft Earnings Don't Show The Whole PictureTRIAL Holdings, Inc.'s ( TSE:141A ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...
Major Estimate Revision • Feb 19Consensus EPS estimates increase by 92%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥7.88 to JP¥15.13. Revenue forecast steady at JP¥1.33t. Net income forecast to shrink 39% next year vs 6.0% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥3,129 to JP¥3,457. Share price rose 40% to JP¥4,480 over the past week.
Price Target Changed • Feb 18Price target increased by 14% to JP¥3,457Up from JP¥3,043, the current price target is an average from 7 analysts. New target price is 15% below last closing price of JP¥4,045. Stock is up 120% over the past year. The company is forecast to post earnings per share of JP¥7.11 for next year compared to JP¥96.23 last year.
Declared Dividend • Feb 14Dividend of JP¥16.00 announcedDividend of JP¥16.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 5%.
Reported Earnings • Feb 14Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥41.16 (up from JP¥24.35 in 2Q 2025). Revenue: JP¥355.9b (up 70% from 2Q 2025). Net income: JP¥5.04b (up 69% from 2Q 2025). Profit margin: 1.4% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 112%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan.
New Risk • Feb 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 31%After last week's 31% share price gain to JP¥3,890, the stock trades at a forward P/E ratio of 155x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,231 per share.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,876, the stock trades at a forward P/E ratio of 115x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 4.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,005 per share.
공고 • Dec 11TRIAL Holdings, Inc. to Report Q2, 2026 Results on Feb 12, 2026TRIAL Holdings, Inc. announced that they will report Q2, 2026 results on Feb 12, 2026
New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin).
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥2,420, the stock trades at a forward P/E ratio of 323x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,047 per share.
분석 기사 • Nov 10Some Confidence Is Lacking In TRIAL Holdings, Inc.'s (TSE:141A) P/ETRIAL Holdings, Inc.'s ( TSE:141A ) price-to-earnings (or "P/E") ratio of 22.7x might make it look like a strong sell...
분석 기사 • Sep 16Is Trial Holdings Inc. (TSE:141A) Trading At A 39% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Trial Holdings fair value estimate is JP¥4,049 Trial Holdings...
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥117 to JP¥94.74 per share. Revenue forecast steady at JP¥1.35t. Net income forecast to shrink 94% next year vs 6.3% growth forecast for Consumer Retailing industry in Japan . Consensus price target broadly unchanged at JP¥2,920. Share price fell 12% to JP¥2,508 over the past week.
공고 • Sep 03Trial Holdings Inc. to Report Q1, 2026 Results on Nov 13, 2025Trial Holdings Inc. announced that they will report Q1, 2026 results on Nov 13, 2025
분석 기사 • Aug 20We Think That There Are Some Issues For Trial Holdings (TSE:141A) Beyond Its Promising EarningsTrial Holdings Inc.'s ( TSE:141A ) healthy profit numbers didn't contain any surprises for investors. We believe that...
분석 기사 • Aug 19Analysts Are Betting On Trial Holdings Inc. (TSE:141A) With A Big Upgrade This WeekShareholders in Trial Holdings Inc. ( TSE:141A ) may be thrilled to learn that the analysts have just delivered a major...
Reported Earnings • Aug 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥96.23. Revenue: JP¥803.8b (up 12% from FY 2024). Net income: JP¥11.8b (up 2.7% from FY 2024). Profit margin: 1.5% (down from 1.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan.
공고 • Aug 13Trial Holdings Inc., Annual General Meeting, Sep 26, 2025Trial Holdings Inc., Annual General Meeting, Sep 26, 2025.
분석 기사 • Jul 10Investors Appear Satisfied With Trial Holdings Inc.'s (TSE:141A) Prospects As Shares Rocket 26%Trial Holdings Inc. ( TSE:141A ) shareholders would be excited to see that the share price has had a great month...
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,518, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total loss to shareholders of 4.8% over the past year.
공고 • Jul 02Trial Holdings Inc. (TSE:141A) completed the acquisition of Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT).Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion on March 5, 2025. As part of the transaction, Walmart to sell 15% stake and KKR to sell 85% of Seiyu to Trial. Seiyu has unaudited financial figures of net sales of ¥483.5 billion, EBITDA of ¥34 billion, and operating profit of ¥23.5 billion for 2024. The funds for the acquisition of shares will be sourced from its own funds, leveraging our solid financial position. Trial plan to utilize existing cash and newly arranged bank borrowings of ¥370 billion from banks. The transaction is subject to regulatory and customary closing conditions and Scheduled Date of commencement of share transfer is on July 1, 2025, may change depending on the progress of procedures related to competition laws. Mitsubishi UFJ Morgan Stanley Securities acted as the financial advisor to Seiyu GK. Noritaka Kumamoto, Jonathan Stradling, Makiko Harunari and Atsushi Usui of Simpson Thacher & Bartlett LLP acted as legal advisor to KKR & Co. Inc. Trial Holdings Inc. (TSE:141A) completed the acquisition of Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) on July 1, 2025. As part of acquisition, 99,234,000 shares were acquired.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.7%).
공고 • Jun 06Trial Holdings Inc. to Report Fiscal Year 2025 Results on Aug 13, 2025Trial Holdings Inc. announced that they will report fiscal year 2025 results on Aug 13, 2025
Price Target Changed • May 08Price target decreased by 7.4% to JP¥2,940Down from JP¥3,175, the current price target is an average from 5 analysts. New target price is 29% above last closing price of JP¥2,271. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥110 last year.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,354, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total loss to shareholders of 8.7% over the past year.
공고 • Mar 25Trial Holdings Inc. Announces President Changes, Effective April 1, 2025TRIAL Holdings Inc. announced that at the Board of Directors meeting held on March 25, 2025, it has resolved to change the Company's representative directors as described below. Koichi Kameda: Current Position- President; new position: Director and Vice Chairman; Hiro Nagata- New Position: Representative Director and President. Reason for the Changes; The Company aims to ensure the sustainable growth of the group and further enhance corporate value under the new management structure. Date of Change: April 1, 2025; Career Summary of the newly appointed Representative Director: Hiro Nagata; DOB: (April 2, 1982); Career Summary: August 2009 Joined TRIAL Company Inc.; May 2012 Executive Manager of Corporate Planning Department of Trial Retail Engineering Inc.; November 2018 Representative Director and CEO of Retail AI Inc. (current position); September 2020 Director of TRIAL Holdings Inc. (current position); October 2021 Executive Manager of Company Communication of TRIAL Holdings Inc.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥2,208, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,203 per share.
공고 • Mar 08Trial Holdings Inc. to Report Q3, 2025 Results on May 14, 2025Trial Holdings Inc. announced that they will report Q3, 2025 results on May 14, 2025
공고 • Mar 07Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion.Trial Holdings Inc. (TSE:141A) entered into an agreement to acquire Seiyu GK from KKR Asian Fund IV a fund managed by KKR & Co. Inc. (NYSE:KKR) and Walmart Inc. (NYSE:WMT) for approximately ¥380 billion on March 5, 2025. As part of the transaction, Walmart to sell 15% stake and KKR to sell 85% of Seiyu to Trial. Seiyu has unaudited financial figures of net sales of ¥483.5 billion, EBITDA of ¥34 billion, and operating profit of ¥23.5 billion for 2024. The funds for the acquisition of shares will be sourced from its own funds, leveraging our solid financial position. Trial plan to utilize existing cash and newly arranged bank borrowings of ¥370 billion from banks. The transaction is subject to regulatory and customary closing conditions and Scheduled Date of commencement of share transfer is on July 1, 2025, may change depending on the progress of procedures related to competition laws. Mitsubishi UFJ Morgan Stanley Securities acted as the financial advisor to Seiyu GK.
Declared Dividend • Feb 15Dividend of JP¥16.00 announcedShareholders will receive a dividend of JP¥16.00. Ex-date: 27th June 2025 Payment date: 30th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 5%.
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥2,110, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Consumer Retailing industry in Japan.
Reported Earnings • Nov 19First quarter 2025 earnings released: EPS: JP¥25.91 (vs JP¥35.67 in 1Q 2024)First quarter 2025 results: EPS: JP¥25.91 (down from JP¥35.67 in 1Q 2024). Revenue: JP¥195.8b (up 7.4% from 1Q 2024). Net income: JP¥3.16b (down 9.0% from 1Q 2024). Profit margin: 1.6% (down from 1.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan.
공고 • Nov 13Trial Holdings Inc. to Report Q2, 2025 Results on Feb 13, 2025Trial Holdings Inc. announced that they will report Q2, 2025 results on Feb 13, 2025
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
분석 기사 • Oct 04Statutory Profit Doesn't Reflect How Good Trial Holdings' (TSE:141A) Earnings AreEven though Trial Holdings Inc.'s ( TSE:141A ) recent earnings release was robust, the market didn't seem to notice...
Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥110 (up from JP¥82.89 in FY 2023). Revenue: JP¥720.4b (up 9.9% from FY 2023). Net income: JP¥11.4b (up 42% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan.
분석 기사 • Sep 22Is Trial Holdings (TSE:141A) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공고 • Sep 05Trial Holdings Inc. to Report Q1, 2025 Results on Nov 13, 2024Trial Holdings Inc. announced that they will report Q1, 2025 results on Nov 13, 2024
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,255, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Consumer Retailing industry in Japan.
Reported Earnings • Aug 18Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥110 (up from JP¥82.89 in FY 2023). Revenue: JP¥720.4b (up 9.9% from FY 2023). Net income: JP¥11.4b (up 42% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Japan.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,328, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Consumer Retailing industry in Japan.
Reported Earnings • May 18Third quarter 2024 earnings released: EPS: JP¥25.55 (vs JP¥19.99 in 3Q 2023)Third quarter 2024 results: EPS: JP¥25.55 (up from JP¥19.99 in 3Q 2023). Revenue: JP¥174.5b (up 9.8% from 3Q 2023). Net income: JP¥2.55b (up 31% from 3Q 2023). Profit margin: 1.5% (up from 1.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Japan.
공고 • May 16Trial Holdings Inc. to Report Fiscal Year 2024 Results on Aug 13, 2024Trial Holdings Inc. announced that they will report fiscal year 2024 results on Aug 13, 2024
공고 • Mar 29Trial Holdings Inc. to Report Q3, 2024 Results on May 14, 2024Trial Holdings Inc. announced that they will report Q3, 2024 results on May 14, 2024
공고 • Mar 22Trial Holdings Inc. has completed an IPO in the amount of ¥38.85027 billion.Trial Holdings Inc. has completed an IPO in the amount of ¥38.85027 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 15,768,600 Price\Range: ¥1700 Discount Per Security: ¥102 Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,431,400 Price\Range: ¥1700 Discount Per Security: ¥102 Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,653,100 Price\Range: ¥1700 Discount Per Security: ¥102 Transaction Features: Rule 144A; Sponsor Backed Offering
Board Change • Mar 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Outside Independent Director Xiangxiu Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
