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Japan's largest footwear retailer, selling Nike, Adidas and its own private-label shoe brands nationwide.
Japan's largest footwear retailer, selling Nike, Adidas and its own private-label shoe brands nationwide.
Buys branded shoes, with Nike its biggest supplier, and its own private labels, and sells them through stores it runs itself in malls and busy streets, so margin rests on how much comes from own labels and how little needs to be discounted. Dependence on a few big suppliers is the weak link. It also runs stores in Korea.
In one line: Japan's Foot Locker/DSW.
Moat: narrow (scale, distribution, brand). Largest footwear store network in Japan gives it purchasing scale and prime retail locations.
Headquarters: Tokyo, Japan · Founded: 1985 · Employees: 9,101
Size Abc-mart (2670.T) is a Japan Consumer Discretionary company (Apparel/Footwear) with a market value of $5.03B, the 242nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,201 on 6 Nov 2026.
Performance Over six months the shares gained 20.0%, against +4.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +6.5%); the operating margin is 16.8% (peer median 12.1%).
Valuation It trades at 16.2× forward earnings against a peer median of 14.4× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥391B | ¥379B | ¥372B | ¥344B | ¥290B |
| Revenue growth | — | +2% | +8% | +19% | — |
| Gross profit | ¥191B | ¥186B | ¥182B | ¥170B | ¥143B |
| EBITDA | ¥72.6B | ¥69.8B | ¥68.9B | ¥61.6B | ¥48.6B |
| Net income | ¥47.9B | ¥46.3B | ¥45.4B | ¥40.0B | ¥30.3B |
| Free cash flow | n/a | ¥28.2B | ¥46.1B | ¥44.9B | ¥5.51B |
| Capital expenditure | n/a | ¥14.3B | ¥11.0B | ¥7.58B | ¥6.87B |
| Total debt | ¥1.76B | ¥1.22B | ¥2.02B | ¥1.41B | ¥5.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Abc-mart 2670.T | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% |
| Chiyoda 6366.T | $1.07B | -35% | +16% | 17% | 6.7× | n/a |
| JINS 3046.T | $865M | -12% | +14% | 10% | 16.6× | -7.2% |
| XEBIO 8281.T | $298M | +7% | +3% | 1% | n/a | -4.4% |
| Alpen 3028.T | $590M | +26% | +6% | 3% | n/a | -3.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2670.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.9% | +11.6% | 9th highest of 21 |
| 6-month return | +20.0% | +4.4% | 3rd highest of 21 |
| Distance from 52-week high | -5.4% | -13.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.5% | +6.5% | 10th lowest of 21 |
| Operating margin | 16.8% | 12.1% | 7th highest of 21 |
| Forward P/E | 16.2× | 14.4× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -10.0% | 7.4% | 3rd least demanding of 20 |
| Growth delivered (Del g) | +11.4% | +12.4% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -21.5 pp | -1.7 pp | 3rd least demanding of 20 |
| ROIC minus cost of capital | +17.7 pp | +2.5 pp | 4th highest of 21 |
| EV / EBITDA | 8.0× | 11.7× | 4th cheapest of 17 |
| Net debt / EBITDA | -3.0× | 1.7× | 2nd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |
| Li Ning 2331.HK | Hong Kong | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% | +14.6% |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Burberry BRBY.L | United Kingdom | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% | +0.6% |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |
| Puma PUM.DE | Germany | $4.42B | +4% | -19% | -6% | n/a | n/a | n/a |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Page Industries PAGEIND.NS | India | $4.22B | -4% | +8% | 19% | 46.8× | 27.7% | +13.1% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Columbia Sportswear COLM | United States | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% | +6.3% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| FIGS FIGS | United States | $3.29B | +37% | +25% | 10% | 54.0× | 25.5% | +19.1% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |