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Operates Japan's leading upscale department stores, Isetan and Mitsukoshi.
Operates Japan's leading upscale department stores, Isetan and Mitsukoshi.
Earns most by keeping a share of what brands sell in its stores under consignment arrangements, so it bears little inventory risk, plus card and property income. The Tokyo flagships, including Shinjuku and Nihonbashi, carry the business, and foreign tourists' duty-free spending is a swing factor. Formed by the 2008 merger of Isetan and Mitsukoshi.
In one line: Japan's Nordstrom/Neiman Marcus.
Moat: narrow (brand, distribution). Premium brand positioning and flagship Tokyo/Ginza locations attract inbound tourist spend.
Headquarters: Tokyo, Japan · Founded: 2008 · Employees: 8,670
Size Isetan Mitsukoshi (3099.T) is a Japan Consumer Discretionary company (Department Stores) with a market value of $7.16B, the 176th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,327 on 6 Nov 2026.
Performance Over six months the shares gained 13.6%, against +8.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 18 in its peer set.
Growth Revenue grew 0.1% over the last twelve months (peer median +1.1%); the operating margin is 15.1% (peer median 5.5%).
Valuation It trades at 17.5× forward earnings against a peer median of 14.1× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points above its cost of capital (8.4% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥550B | ¥546B | ¥556B | ¥536B | ¥487B |
| Revenue growth | — | -2% | +4% | +10% | — |
| Gross profit | ¥341B | ¥314B | ¥315B | ¥296B | ¥263B |
| EBITDA | ¥108B | ¥104B | ¥101B | ¥79.3B | ¥55.0B |
| Net income | ¥79.6B | ¥76.1B | ¥52.8B | ¥55.6B | ¥32.4B |
| Free cash flow | n/a | ¥65.8B | ¥68.2B | ¥35.3B | ¥53.4B |
| Capital expenditure | n/a | ¥30.7B | ¥27.2B | ¥27.5B | ¥18.3B |
| Total debt | ¥72.3B | ¥75.8B | ¥94.0B | ¥125B | ¥170B |
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 |
|---|---|---|---|---|---|---|
| Isetan Mitsukoshi 3099.T | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% |
| Takashimaya 8233.T | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% |
| J Front Retailing 3086.T | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% |
| H2O Retailing 8242.T | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% |
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 | 3099.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | +1.6% | 6th lowest of 18 |
| 6-month return | +13.6% | +8.9% | 8th highest of 18 |
| Distance from 52-week high | -20.6% | -18.8% | 8th lowest of 18 |
| Revenue growth (TTM) | +0.1% | +1.1% | 6th lowest of 18 |
| Operating margin | 15.1% | 5.5% | 2nd highest of 18 |
| Forward P/E | 17.5× | 14.1× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 7.4% | 1.7% | most demanding of 15 |
| Growth delivered (Del g) | -7.7% | +3.2% | lowest of 15 |
| Hurdle (Req g minus delivered) | +15.2 pp | -2.2 pp | most demanding of 15 |
| ROIC minus cost of capital | +0.8 pp | -0.3 pp | 7th highest of 18 |
| EV / EBITDA | 10.8× | 8.9× | 4th most expensive of 13 |
| Net debt / EBITDA | 0.3× | 2.4× | 3rd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Isetan Mitsukoshi 3099.T | Japan | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% | -7.7% |
| Canadian Tire CTC-A.TO | Canada | $7.57B | +7% | +1% | 9% | 14.1× | 1.9% | +1.9% |
| Tokyu 9005.T | Japan | $6.14B | -3% | +5% | 9% | 10.0× | n/a | n/a |
| Macy's M | United States | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% | +4.6% |
| Dillard's DDS | United States | $9.41B | +7% | 0% | 11% | 17.4× | 1.6% | +8.2% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| J Front Retailing 3086.T | Japan | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% | +6.9% |
| Marks and Spencer MKS.L | United Kingdom | $12.1B | +40% | +21% | 5% | 13.1× | 6.5% | +13.6% |
| Takashimaya 8233.T | Japan | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% | -6.3% |
| Harvey Norman HVN.AX | Australia | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% | +0.8% |
| CCOOP 000564.SZ | China | $3.55B | -23% | +19% | -46% | n/a | n/a | n/a |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Beijing United Information Technology 603613.SS | China | $2.05B | -30% | -4% | 5% | n/a | n/a | n/a |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |