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Major Japanese consumer-electronics and camera retail chain operating big-box stores across the country.
Major Japanese consumer-electronics and camera retail chain operating big-box stores across the country.
Earns the retail margin on appliances and electronics sold in large stores, with a point-card scheme that keeps shoppers loyal. It added scale by taking control of Kojima and Sofmap, which gives it more buying power with manufacturers. Duty-free sales to visitors to Japan are a swing factor.
In one line: Japan's Best Buy, with a heavier camera/electronics focus.
Moat: narrow (scale, brand). Large-format store scale, purchasing power and strong inbound-tourist brand recognition in electronics retail.
Headquarters: Tokyo, Japan · Founded: 1968
Size BIC Cameras (3048.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $1.94B, the 498th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,784 on 6 Nov 2026.
Performance Over six months the shares gained 10.1%, against +3.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +6.4%); the operating margin is 3.6% (peer median 6.7%).
Valuation It trades at 15.2× forward earnings against a peer median of 20.7× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥1.04T | ¥1.04T | ¥974B | ¥923B | ¥816B |
| Revenue growth | — | +7% | +6% | +13% | — |
| Gross profit | ¥281B | ¥281B | ¥250B | ¥233B | ¥208B |
| EBITDA | ¥48.3B | ¥48.3B | ¥41.6B | ¥36.1B | ¥25.4B |
| Net income | ¥20.4B | ¥20.4B | ¥17.5B | ¥13.9B | ¥2.94B |
| Free cash flow | n/a | ¥32.5B | ¥20.2B | ¥38.5B | ¥4.93B |
| Capital expenditure | n/a | ¥11.8B | ¥10.2B | ¥7.00B | ¥10.8B |
| Total debt | ¥95.0B | ¥95.0B | ¥96.2B | ¥104B | ¥124B |
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 |
|---|---|---|---|---|---|---|
| BIC Cameras 3048.T | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% |
| Yamada 9831.T | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% |
| Edion 2730.T | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% |
| Best Buy BBY | $20.9B | +70% | +1% | 4% | 14.2× | 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 | 3048.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.2% | -1.5% | 6th highest of 21 |
| 6-month return | +10.1% | +3.6% | 8th highest of 21 |
| Distance from 52-week high | -5.4% | -22.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +6.8% | +6.4% | 10th highest of 21 |
| Operating margin | 3.6% | 6.7% | 7th lowest of 19 |
| Forward P/E | 15.2× | 20.7× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -8.2% | 6.6% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +4.5% | +8.8% | 8th lowest of 18 |
| Hurdle (Req g minus delivered) | -12.7 pp | -6.7 pp | 8th least demanding of 18 |
| ROIC minus cost of capital | +4.1 pp | +0.3 pp | 6th highest of 18 |
| Net debt / EBITDA | 0.2× | 2.4× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| Pengxin International Mining 600490.SS | China | $1.85B | -32% | -20% | n/a | n/a | 6.6% | -17.2% |
| Tibet Huayu Mining 601020.SS | China | $1.83B | -48% | -22% | 23% | n/a | n/a | n/a |
| Inaba Denkisangyo 9934.T | Japan | $1.82B | -4% | +15% | 8% | n/a | -11.9% | +8.5% |
| Happinet 7552.T | Japan | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% | +11.1% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | n/a | -14.9% | +36.3% |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 25.2× | 7.2% | +13.9% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 13.5× | -5.1% | +1.1% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% | +10.1% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |