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Japanese (NIKKEI) General Merchandise and Department Stores Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies32
  • 7D6.6%
  • 3M3.7%
  • 1Y20.7%
  • YTD8.2%

Over the last 7 days, the General Merchandise and Department Stores industry has risen 6.6%, driven by gains from Isetan Mitsukoshi Holdings of 22%. In the same time, Mercari was down 8.4%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Japanese General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026JP¥10.9tJP¥9.9tJP¥217.3b17.7x50.2x1.1x
Tue, 06 Jan 2026JP¥10.1tJP¥10.0tJP¥215.2b16.6x47.1x1x
Thu, 04 Dec 2025JP¥9.9tJP¥10.0tJP¥216.4b15.9x45.9x1x
Sat, 01 Nov 2025JP¥10.1tJP¥9.9tJP¥150.3b16.4x67.5x1x
Mon, 29 Sep 2025JP¥10.6tJP¥9.7tJP¥148.5b18.2x71.1x1.1x
Wed, 27 Aug 2025JP¥10.7tJP¥9.8tJP¥151.0b18.7x70.9x1.1x
Fri, 25 Jul 2025JP¥10.0tJP¥9.7tJP¥155.6b18.1x64.3x1x
Sun, 22 Jun 2025JP¥9.7tJP¥9.7tJP¥163.3b17.4x59.4x1x
Tue, 20 May 2025JP¥9.3tJP¥9.6tJP¥161.6b18.5x57.4x1x
Thu, 17 Apr 2025JP¥8.5tJP¥9.5tJP¥209.4b17.8x40.4x0.9x
Sat, 15 Mar 2025JP¥8.8tJP¥9.5tJP¥215.8b16.8x40.6x0.9x
Mon, 10 Feb 2025JP¥9.2tJP¥9.3tJP¥86.9b17.7x105.7x1x
Wed, 08 Jan 2025JP¥8.8tJP¥9.3tJP¥74.2b16.3x118.8x1x
Fri, 06 Dec 2024JP¥8.2tJP¥9.3tJP¥78.2b14.3x105.4x0.9x
Sun, 03 Nov 2024JP¥8.0tJP¥9.2tJP¥87.1b13.4x92.1x0.9x
Tue, 01 Oct 2024JP¥8.2tJP¥9.2tJP¥73.2b14.9x112.6x0.9x
Thu, 29 Aug 2024JP¥8.4tJP¥9.1tJP¥74.1b15.4x113.5x0.9x
Sat, 27 Jul 2024JP¥8.5tJP¥9.1tJP¥41.2b17.5x206.9x0.9x
Mon, 24 Jun 2024JP¥8.2tJP¥9.0tJP¥26.9b18.9x303.7x0.9x
Wed, 22 May 2024JP¥8.1tJP¥8.9tJP¥27.0b17.6x298.7x0.9x
Fri, 19 Apr 2024JP¥7.8tJP¥8.8t-JP¥33,679,286,000.0017.2x-230.7x0.9x
Sun, 17 Mar 2024JP¥7.6tJP¥8.3t-JP¥63,769,146,000.0019.4x-119.9x0.9x
Tue, 13 Feb 2024JP¥7.0tJP¥8.3t-JP¥56,166,286,000.0019.1x-125.3x0.9x
Thu, 11 Jan 2024JP¥7.0tJP¥8.2t-JP¥66,372,286,000.0019x-104.9x0.8x
Sat, 09 Dec 2023JP¥6.7tJP¥8.2t-JP¥69,923,999,000.0020.3x-95.9x0.8x
Mon, 06 Nov 2023JP¥6.5tJP¥8.1t-JP¥101,262,286,000.0019.5x-64.3x0.8x
Wed, 04 Oct 2023JP¥6.7tJP¥8.1t-JP¥96,720,286,000.0019.4x-69.2x0.8x
Fri, 01 Sep 2023JP¥6.6tJP¥8.1t-JP¥96,500,286,000.0018.5x-68.5x0.8x
Sun, 30 Jul 2023JP¥6.4tJP¥8.0t-JP¥131,323,483,000.0017.8x-48.6x0.8x
Tue, 27 Jun 2023JP¥5.8tJP¥7.9t-JP¥142,362,483,000.0020.6x-41.1x0.7x
Thu, 25 May 2023JP¥5.6tJP¥7.9t-JP¥142,331,107,000.0019.5x-39.6x0.7x
Sat, 22 Apr 2023JP¥5.8tJP¥7.8t-JP¥159,104,651,000.0017x-36.4x0.7x
Mon, 20 Mar 2023JP¥4.0tJP¥5.8tJP¥233.1b13.2x17.2x0.7x
Wed, 15 Feb 2023JP¥3.9tJP¥5.8tJP¥233.1b12.1x16.7x0.7x
Price to Earnings Ratio

16.7x


Total Market Cap: JP¥3.9tTotal Earnings: JP¥233.1bTotal Revenue: JP¥5.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese General Merchandise and Department Stores Industry Price to Earnings3Y Average 24.7x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Multiline Retail industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.4x which is higher than its 3-year average PE of 24.7x.
  • The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have declined 2.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 20% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Consumer Discretionary industry?

JP Market3.36%
Consumer Discretionary5.53%
General Merchandise and Department Stores6.57%
Broadline Retail6.57%
Department Stores0%0
General Merchandise Stores0%0
Industry PE
  • Investors are most optimistic about the Broadline Retail industry which is trading above its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings growth of 15.4% per year.
  • Investors are most pessimistic about the Broadline Retail industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.0x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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?

CompanyLast Price7D1YValuation
3099 Isetan Mitsukoshi HoldingsJP¥3.02k22.1%
+JP¥192.5b		20.8%PE18.5x
7532 Pan Pacific International HoldingsJP¥965.605.4%
+JP¥148.5b		12.1%PE29.3x
3086 J. Front RetailingJP¥2.69k19.2%
+JP¥107.4b		28.2%PE23x
7453 Ryohin KeikakuJP¥3.27k6.1%
+JP¥100.3b		67.0%PE29.9x
8233 Takashimaya CompanyJP¥2.23k15.7%
+JP¥88.8b		74.4%PE15.2x

Latest News

3099
JP¥3,023.00
Isetan Mitsukoshi Holdings
7D
22.1%
1Y
20.8%
4385
JP¥3,139.00
Mercari
7D
-8.4%
1Y
36.1%

4385: Future Cash Flows And Margins Will Gradually Stabilize With Modest Risk Reduction

Analysts have nudged their fair value estimate for Mercari higher from ¥2,938 to ¥3,097 as they factor in slightly lower discount rates, moderately stronger revenue growth assumptions, a firmer profit margin outlook, and a small adjustment to future P/E expectations. Valuation Changes Fair Value Estimate was raised from ¥2,938 to ¥3,097, reflecting a modest upward adjustment to the intrinsic value per share.
8233
JP¥2,233.00
Takashimaya Company
7D
15.7%
1Y
74.4%
7532
JP¥965.60
Pan Pacific International Holdings
7D
5.4%
1Y
12.1%

Risks To Shareholder Returns Are Elevated At These Prices For Pan Pacific International Holdings Corporation (TSE:7532)

Feb 05
Risks To Shareholder Returns Are Elevated At These Prices For Pan Pacific International Holdings Corporation (TSE:7532)
8237
JP¥2,095.00
Matsuya
7D
11.2%
1Y
96.3%

Getting In Cheap On Matsuya Co., Ltd. (TSE:8237) Is Unlikely

Feb 05
Getting In Cheap On Matsuya Co., Ltd. (TSE:8237) Is Unlikely
3086
JP¥2,685.50
J. Front Retailing
7D
19.2%
1Y
28.2%
4755
JP¥943.30
Rakuten Group
7D
2.0%
1Y
-4.7%

4755: Connectivity Ambitions And Higher P/E Will Likely Overstate Future Profit Margin Upside

Analysts have nudged their fair value estimate for Rakuten Group higher to ¥692.01 from ¥672.93, citing small uplifts in modeled revenue growth, profit margin assumptions, and the forward P/E multiple. What's in the News Rakuten Group, through Rakuten Symphony, signed a Memorandum of Understanding with VEON Ltd.'s Beeline Kazakhstan to explore collaboration on next generation connectivity and digital services in Kazakhstan (Key Developments).
7453
JP¥3,270.00
Ryohin Keikaku
7D
6.1%
1Y
67.0%

Investors Will Want Ryohin Keikaku's (TSE:7453) Growth In ROCE To Persist

Feb 03
Investors Will Want Ryohin Keikaku's (TSE:7453) Growth In ROCE To Persist
9997
JP¥954.00
Belluna
7D
-2.0%
1Y
9.7%
2782
JP¥4,130.00
Seria
7D
11.9%
1Y
61.5%
8254
JP¥429.00
Saikaya Department StoreLtd
7D
-6.1%
1Y
5.9%

Is Saikaya Department StoreLtd (TSE:8254) Using Too Much Debt?

Jan 28
Is Saikaya Department StoreLtd (TSE:8254) Using Too Much Debt?
2678
JP¥1,340.00
ASKUL
7D
-1.8%
1Y
-20.3%
7110
JP¥2,059.00
Kurashicom
7D
-1.9%
1Y
73.8%
3556
JP¥1,107.00
RenetJapanGroupInc
7D
-3.9%
1Y
294.0%
3031
JP¥631.00
RACCOON HOLDINGS
7D
-2.0%
1Y
-30.4%
3840
JP¥56.00
Path
7D
-8.2%
1Y
-49.1%