Narrative Update • Sep 15
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Japanese (NIKKEI) General Merchandise and Department Stores Industry Analysis
UpdatedSep 17, 2026
DataAggregated Company Financials
Companies35
- 7D-1.7%
- 3M-3.3%
- 1Y-3.3%
- YTD1.2%
Over the last 7 days, the General Merchandise and Department Stores industry has dropped 1.7%, driven by a pullback from Pan Pacific International Holdings of 3.3%. In contrast, Isetan Mitsukoshi Holdings has gained 5.8%. Overall the industry is down 3.3% in 12 months. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Japanese General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 17 Sep 2026 | JP¥10.2t | JP¥10.4t | JP¥309.8b | 14.3x | 33x | 1x |
| Sat, 15 Aug 2026 | JP¥11.6t | JP¥10.3t | JP¥307.9b | 15.5x | 37.8x | 1.1x |
| Mon, 13 Jul 2026 | JP¥11.1t | JP¥10.3t | JP¥231.5b | 15.5x | 48.1x | 1.1x |
| Wed, 10 Jun 2026 | JP¥10.3t | JP¥10.3t | JP¥238.9b | 15.9x | 43.1x | 1x |
| Fri, 08 May 2026 | JP¥10.3t | JP¥10.0t | JP¥147.7b | 18x | 69.5x | 1x |
| Sun, 05 Apr 2026 | JP¥10.6t | JP¥10.0t | JP¥197.3b | 17x | 53.5x | 1.1x |
| Tue, 03 Mar 2026 | JP¥11.1t | JP¥10.0t | JP¥206.6b | 18.5x | 53.9x | 1.1x |
| Thu, 29 Jan 2026 | JP¥10.2t | JP¥9.9t | JP¥224.0b | 15.3x | 45.7x | 1x |
| Sat, 27 Dec 2025 | JP¥10.3t | JP¥10.0t | JP¥216.8b | 16.7x | 47.4x | 1x |
| Mon, 24 Nov 2025 | JP¥10.0t | JP¥10.0t | JP¥216.2b | 16x | 46x | 1x |
| Wed, 22 Oct 2025 | JP¥10.2t | JP¥9.9t | JP¥150.3b | 17x | 67.6x | 1x |
| Fri, 19 Sep 2025 | JP¥10.7t | JP¥9.7t | JP¥148.5b | 18.4x | 71.7x | 1.1x |
| Sun, 17 Aug 2025 | JP¥10.4t | JP¥9.7t | JP¥153.0b | 17.7x | 67.8x | 1.1x |
| Tue, 15 Jul 2025 | JP¥9.8t | JP¥9.7t | JP¥155.6b | 17.2x | 63x | 1x |
| Thu, 12 Jun 2025 | JP¥9.7t | JP¥9.7t | JP¥163.1b | 17x | 59.3x | 1x |
| Sat, 10 May 2025 | JP¥9.1t | JP¥9.5t | JP¥209.7b | 18.3x | 43.2x | 1x |
| Mon, 07 Apr 2025 | JP¥8.3t | JP¥9.5t | JP¥206.7b | 16.2x | 40x | 0.9x |
| Wed, 05 Mar 2025 | JP¥8.6t | JP¥9.5t | JP¥215.8b | 16.9x | 40x | 0.9x |
| Fri, 31 Jan 2025 | JP¥9.4t | JP¥9.3t | JP¥78.4b | 18x | 119.8x | 1x |
| Sun, 29 Dec 2024 | JP¥9.0t | JP¥9.3t | JP¥74.2b | 16.5x | 120.6x | 1x |
| Tue, 26 Nov 2024 | JP¥8.1t | JP¥9.3t | JP¥80.0b | 14.2x | 101.2x | 0.9x |
| Thu, 24 Oct 2024 | JP¥8.0t | JP¥9.2t | JP¥87.0b | 13.2x | 92.2x | 0.9x |
| Sat, 21 Sep 2024 | JP¥8.3t | JP¥9.2t | JP¥73.2b | 14.9x | 113.3x | 0.9x |
| Mon, 19 Aug 2024 | JP¥8.2t | JP¥9.1t | JP¥70.4b | 15.5x | 116.9x | 0.9x |
| Wed, 17 Jul 2024 | JP¥9.0t | JP¥9.0t | JP¥41.2b | 18.4x | 218.3x | 1x |
| Fri, 14 Jun 2024 | JP¥8.4t | JP¥9.0t | JP¥27.0b | 19.8x | 309.3x | 0.9x |
| Sun, 12 May 2024 | JP¥7.8t | JP¥8.8t | -JP¥33,604,000,000.00 | 17.9x | -232.9x | 0.9x |
| Tue, 09 Apr 2024 | JP¥8.2t | JP¥8.3t | -JP¥55,348,286,000.00 | 18.6x | -147.9x | 1x |
| Thu, 07 Mar 2024 | JP¥7.6t | JP¥8.3t | -JP¥63,799,286,000.00 | 19.7x | -119.9x | 0.9x |
| Sat, 03 Feb 2024 | JP¥7.0t | JP¥8.2t | -JP¥60,240,286,000.00 | 18x | -115.5x | 0.8x |
| Mon, 01 Jan 2024 | JP¥6.8t | JP¥8.2t | -JP¥65,805,999,000.00 | 18.5x | -104x | 0.8x |
| Wed, 29 Nov 2023 | JP¥6.8t | JP¥8.2t | -JP¥69,761,286,000.00 | 20.1x | -98x | 0.8x |
| Fri, 27 Oct 2023 | JP¥6.4t | JP¥8.1t | -JP¥101,214,286,000.00 | 18.7x | -62.8x | 0.8x |
| Sun, 24 Sep 2023 | JP¥6.8t | JP¥8.1t | -JP¥96,720,286,000.00 | 18.1x | -70.1x | 0.8x |
Price to Earnings Ratio
-70.1x
Current Industry PE
- Investors are pessimistic on the Japanese Multiline Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 33.0x which is lower than its 3-year average PE of 41.7x.
- The industry is trading close to its 3-year average PS ratio of 0.96x.
Past Earnings Growth
- Total earnings for the Multiline Retail industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.9% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Consumer Discretionary industry?
| JP Market | 0.07% | |
| Consumer Discretionary | 0.51% | |
| General Merchandise and Department Stores | -1.67% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
| Broadline Retail | -1.67% | |
Industry PE
- Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 41.7x.
- Analysts are expecting annual earnings growth of 18.6%, which is lower than the prior year's growth of 31.5% per year.
- Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 41.7x.
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 31% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3099 Isetan Mitsukoshi Holdings | JP¥3.29k | 5.8% +JP¥62.8b | 12.1% | PE14.4x | |
| 3086 J. Front Retailing | JP¥2.70k | 3.8% +JP¥24.4b | 6.3% | PE24x | |
| 8233 Takashimaya Company | JP¥2.14k | 1.2% +JP¥7.6b | 41.2% | PS1.5x | |
| 8273 Izumi | JP¥1.01k | 1.9% +JP¥4.0b | -8.0% | PE12.4x | |
| 9997 Belluna | JP¥1.07k | 3.7% +JP¥3.7b | 1.8% | PE8.8x |
