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Japanese home improvement and DIY retail chain formed from the merger of several regional home center operators.
Japanese home improvement and DIY retail chain formed from the merger of several regional home center operators.
Earns the retail margin on home-improvement, gardening and household goods sold in large suburban stores, with its own-label products used to lift margin over third-party brands. Stores keep the regional names of the chains it merged, and it also serves small tradespeople buying materials.
In one line: Japan's Lowe's/Home Depot.
Moat: narrow (scale, distribution). Store network scale from merged regional home-center chains.
Headquarters: Tokyo, Japan · Founded: 2006 · Employees: 4,982
Size DCM (3050.T) is a Japan Consumer Discretionary company (Home Improvement Chains) with a market value of $1.40B, the 595th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,605 on 6 Nov 2026.
Performance Over six months the shares gained 9.9%, against +14.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 11 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +4.9%); the operating margin is 5.5% (peer median 6.2%).
Valuation It trades at 12.5× forward earnings against a peer median of 13.7× (5th cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 23 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥566B | ¥542B | ¥545B | ¥489B | ¥477B |
| Revenue growth | — | 0% | +11% | +2% | — |
| Gross profit | ¥200B | ¥181B | ¥180B | ¥157B | ¥153B |
| EBITDA | ¥47.8B | ¥46.9B | ¥49.1B | ¥43.6B | ¥43.7B |
| Net income | ¥16.8B | ¥17.3B | ¥17.1B | ¥21.4B | ¥18.1B |
| Free cash flow | n/a | ¥24.6B | ¥22.6B | ¥22.1B | ¥5.14B |
| Capital expenditure | n/a | ¥15.1B | ¥16.4B | ¥12.0B | ¥13.7B |
| Total debt | ¥248B | ¥260B | ¥294B | ¥281B | ¥188B |
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 |
|---|---|---|---|---|---|---|
| DCM 3050.T | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% |
| Komeri 8218.T | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% |
| Home Depot (The) HD | $343B | +9% | +2% | 12% | 22.4× | 9.0% |
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 | 3050.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +8.6% | 5th lowest of 11 |
| 6-month return | +9.9% | +14.9% | 4th lowest of 11 |
| Distance from 52-week high | -8.1% | -5.9% | 3rd lowest of 11 |
| Revenue growth (TTM) | +5.4% | +4.9% | 5th highest of 11 |
| Operating margin | 5.5% | 6.2% | 4th lowest of 11 |
| Forward P/E | 12.5× | 13.7× | 5th cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -1.7% | 0.7% | 4th least demanding of 11 |
| Growth delivered (Del g) | +2.9% | +5.3% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -4.5 pp | -2.4 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | -0.5 pp | +0.1 pp | 5th lowest of 11 |
| EV / EBITDA | 8.5× | 7.8× | 5th most expensive of 11 |
| Net debt / EBITDA | 3.9× | 1.4× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DCM 3050.T | Japan | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% | +2.9% |
| Komeri 8218.T | Japan | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% | 0.0% |
| HORNBACH Holding AG & Co. KGaA HBH.DE | Germany | $1.66B | +18% | +5% | 4% | 10.2× | -3.6% | +3.4% |
| Sangetsu 8130.T | Japan | $1.15B | +4% | +4% | 10% | 13.7× | -10.8% | +7.3% |
| Kohnan Shoji 7516.T | Japan | $925M | +15% | +6% | 5% | 10.1× | 0.4% | +3.3% |
| Joyful Honda 3191.T | Japan | $859M | +10% | +5% | 6% | n/a | 1.1% | +0.3% |
| Arclands 9842.T | Japan | $748M | +6% | +8% | 4% | 9.4× | 2.2% | +14.2% |
| Clas Ohlson CLAS-B.ST | Sweden | $3.49B | +33% | +10% | 13% | 23.7× | 6.8% | +8.6% |
| Byggmax BMAX.ST | Sweden | $393M | +42% | +2% | 6% | 13.7× | -0.4% | -2.0% |
| Victorian Plumbing VIC.L | United Kingdom | $386M | +15% | +7% | 6% | 16.9× | 11.0% | +8.2% |
| Floor & Decor FND | United States | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% | +14.1% |