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Artnature TSE:7823 Stock Report

Last Price


Market Cap







28 Jun, 2022


Company Financials
7823 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health6/6

7823 Stock Overview

Artnature Inc. manufactures and sells hair products for men and women in Japan.

Artnature Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Artnature
Historical stock prices
Current Share PriceJP¥719.00
52 Week HighJP¥763.00
52 Week LowJP¥643.00
1 Month Change-3.23%
3 Month Change-0.83%
1 Year Change3.90%
3 Year Change11.13%
5 Year Change0.14%
Change since IPO-36.37%

Recent News & Updates

Shareholder Returns

7823JP Personal ProductsJP Market

Return vs Industry: 7823 exceeded the JP Personal Products industry which returned -25.4% over the past year.

Return vs Market: 7823 exceeded the JP Market which returned -4.7% over the past year.

Price Volatility

Is 7823's price volatile compared to industry and market?
7823 volatility
7823 Average Weekly Movement3.3%
Personal Products Industry Average Movement4.7%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 7823 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 7823's weekly volatility (3%) has been stable over the past year.

About the Company

19653,936Yoshikata Igarashi

Artnature Inc. manufactures and sells hair products for men and women in Japan. It also provides hair care products and wigs, as well as hair growth services. As of December 31, 2019, the company operated 273 stores.

Artnature Fundamentals Summary

How do Artnature's earnings and revenue compare to its market cap?
7823 fundamental statistics
Market CapJP¥22.86b
Earnings (TTM)JP¥1.20b
Revenue (TTM)JP¥40.44b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7823 income statement (TTM)
Cost of RevenueJP¥12.70b
Gross ProfitJP¥27.74b
Other ExpensesJP¥26.54b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)38.09
Gross Margin68.60%
Net Profit Margin2.98%
Debt/Equity Ratio0.0%

How did 7823 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 7823 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7823?

Other financial metrics that can be useful for relative valuation.

7823 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.08x
Enterprise Value/EBITDA0.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 7823's PE Ratio compare to its peers?

7823 PE Ratio vs Peers
The above table shows the PE ratio for 7823 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
2930 Kitanotatsujin
4933 I-ne
4934 Premier Anti-Aging
7823 Artnature

Price-To-Earnings vs Peers: 7823 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

How does 7823's PE Ratio compare vs other companies in the JP Personal Products Industry?

Price-To-Earnings vs Industry: 7823 is good value based on its Price-To-Earnings Ratio (18.9x) compared to the JP Personal Products industry average (21.1x)

Price to Earnings Ratio vs Fair Ratio

What is 7823's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

7823 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 7823's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 7823 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7823 (¥719) is trading below our estimate of fair value (¥983.59)

Significantly Below Fair Value: 7823 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 7823's PEG Ratio to determine if it is good value.

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Future Growth

How is Artnature forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Household industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Artnature has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Artnature is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Artnature performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7823 has a large one-off loss of ¥716.0M impacting its March 31 2022 financial results.

Growing Profit Margin: 7823's current net profit margins (3%) are higher than last year (2.3%).

Past Earnings Growth Analysis

Earnings Trend: 7823's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: 7823's earnings growth over the past year (43.3%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: 7823 earnings growth over the past year (43.3%) exceeded the Personal Products industry 26.8%.

Return on Equity

High ROE: 7823's Return on Equity (4.9%) is considered low.

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Financial Health

How is Artnature's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7823's short term assets (¥28.0B) exceed its short term liabilities (¥14.2B).

Long Term Liabilities: 7823's short term assets (¥28.0B) exceed its long term liabilities (¥7.7B).

Debt to Equity History and Analysis

Debt Level: 7823 is debt free.

Reducing Debt: 7823 has no debt compared to 5 years ago when its debt to equity ratio was 4.9%.

Debt Coverage: 7823 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 7823 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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What is Artnature current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 7823's dividend (3.89%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 7823's dividend (3.89%) is in the top 25% of dividend payers in the JP market (3.71%)

Stability and Growth of Payments

Stable Dividend: 7823's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7823's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (74.7%), 7823's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (54.6%), 7823's dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Yoshikata Igarashi (80 yo)





Mr. Yoshitake Igarashi has been the President at Artnature, Inc. since July 2007. Mr. Igarashi joined Artnature, Inc. in June 1967. He established Artnature Kansai, Inc. and served as its President since O...

CEO Compensation Analysis

Compensation vs Market: Yoshikata's total compensation ($USD1.17M) is about average for companies of similar size in the JP market ($USD1.09M).

Compensation vs Earnings: Yoshikata's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 7823's management team is seasoned and experienced (14.7 years average tenure).

Board Members

Experienced Board: 7823's board of directors are considered experienced (9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Artnature Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Artnature Inc.
  • Ticker: 7823
  • Exchange: TSE
  • Founded: 1965
  • Industry: Personal Products
  • Sector: Household
  • Implied Market Cap: JP¥22.855b
  • Shares outstanding: 31.61m
  • Website:

Number of Employees


  • Artnature Inc.
  • 3-40-7 Yoyogi
  • Shibuya-ku
  • Tokyo
  • 151-0053
  • Japan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Annual Earnings2022/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.