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Employees: 1,543
Size JM Holdings Co., Ltd. (3539.T) is a Japan Consumer Staples company (Food Retail) with a market value of $493M, the 1074th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,525 on 6 Nov 2026.
Performance Over six months the shares gained 12.0%, against -8.7% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +2.2%); the operating margin is 4.5% (peer median 2.6%).
Valuation It trades at 10.2× forward earnings against a peer median of 13.1× (3rd cheapest of 11).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 14 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥199B | ¥199B | ¥186B | ¥172B | ¥155B |
| Revenue growth | — | +7% | +8% | +11% | — |
| Gross profit | ¥55.7B | ¥55.7B | ¥53.4B | ¥49.2B | ¥44.0B |
| EBITDA | ¥12.0B | ¥12.0B | ¥12.8B | ¥11.6B | ¥9.45B |
| Net income | ¥4.96B | ¥4.96B | ¥6.46B | ¥5.46B | ¥4.42B |
| Free cash flow | n/a | ¥4.58B | ¥2.62B | ¥6.86B | -¥194M |
| Capital expenditure | n/a | ¥4.18B | ¥4.03B | ¥2.80B | ¥4.42B |
| Total debt | ¥7.69B | ¥7.69B | ¥8.84B | ¥9.38B | ¥9.91B |
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.
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 | 3539.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.6% | -3.7% | 4th highest of 21 |
| 6-month return | +12.0% | -8.7% | highest of 21 |
| Distance from 52-week high | -16.5% | -33.5% | 4th highest of 21 |
| Revenue growth (TTM) | +6.6% | +2.2% | 5th highest of 21 |
| Operating margin | 4.5% | 2.6% | 6th highest of 21 |
| Forward P/E | 10.2× | 13.1× | 3rd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | -12.4% | -3.8% | 5th least demanding of 16 |
| Growth delivered (Del g) | +8.9% | +5.1% | 6th highest of 16 |
| Hurdle (Req g minus delivered) | -21.3 pp | -8.6 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +12.0 pp | -0.0 pp | 2nd highest of 20 |
| EV / EBITDA | 5.4× | 6.2× | 4th cheapest of 7 |
| Net debt / EBITDA | -1.0× | 1.9× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JM Holdings Co., Ltd. 3539.T | Japan | $493M | +12% | +7% | 5% | 10.2× | -12.4% | +8.9% |
| Halows 2742.T | Japan | $500M | -7% | +6% | 5% | n/a | -12.8% | +8.2% |
| Zhongbai 000759.SZ | China | $521M | 0% | -22% | -11% | n/a | n/a | n/a |
| Liqun Commercial 601366.SS | China | $528M | -9% | -25% | -4% | n/a | 2.9% | -4.2% |
| Yinchuan Xinhua Commercial 600785.SS | China | $540M | -8% | -2% | 4% | 21.8× | 2.7% | +0.9% |
| ARKO ARKO | United States | $445M | -42% | -2% | 2% | 39.7× | -4.2% | +13.8% |
| Village Super Market VLGEA | United States | $551M | -8% | +4% | 3% | n/a | -2.5% | +3.5% |
| Guoquan Food (Shanghai) Company 2517.HK | Hong Kong | $422M | -62% | +25% | 6% | 5.2× | -17.7% | +20.5% |
| Bestore 603719.SS | China | $587M | -11% | 0% | 0% | 140.6× | 6.3% | -7.0% |
| Dingdong (Cayman) Ltd. Sponsored ADR DDL | United States | $413M | -30% | -44% | -1% | 6.1× | -20.2% | +15.6% |
| Maxvalu Tokai 8198.T | Japan | $621M | -10% | +1% | 3% | n/a | -20.0% | +1.6% |
| Retail Partners 8167.T | Japan | $380M | +6% | +4% | 2% | n/a | -7.3% | +2.8% |
| Natural Grocers by Vitamin Cottage NGVC | United States | $659M | +8% | +2% | 5% | 12.9× | 10.6% | +5.1% |
| Saint Marc 3395.T | Japan | $353M | -5% | +17% | 5% | 18.3× | -4.3% | +15.0% |
| Aeon Hokkaido 7512.T | Japan | $719M | -4% | +3% | 2% | n/a | n/a | n/a |
| Ministop 9946.T | Japan | $325M | -5% | +3% | -8% | n/a | n/a | n/a |
| Heiwado 8276.T | Japan | $749M | -2% | +2% | 3% | 13.3× | -3.8% | +0.7% |
| Daikokutenbussan 2791.T | Japan | $315M | -23% | +8% | 1% | 10.5× | n/a | n/a |
| Mammy Mart 9823.T | Japan | $311M | -18% | +21% | 3% | n/a | 0.5% | +9.1% |
| Sanjiang Shopping Club 601116.SS | China | $833M | -26% | -7% | 3% | n/a | n/a | n/a |
| WH Smith SMWH.L | United Kingdom | $851M | -10% | -31% | 8% | 11.0× | 9.1% | +8.8% |