TSE:8173Specialty Retail
Joshin Denki (TSE:8173): One-Off Gain Masks Ongoing Margin Pressure in Latest Earnings
Joshin Denki (TSE:8173) saw its earnings decline by 18.7% per year over the past five years, with the most recent annual figures showing another drop and a net profit margin down to 0.8% from 1.2% a year ago. This latest twelve-month period also included a significant one-off gain of ¥2.6 billion, which substantially affected the results for the period ending September 30, 2025. While valuation signals look mixed given the higher P/E, the shares now trade well below estimated fair value. The...