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Holding company for Yaoko, a Japanese supermarket chain selling fresh and processed food, now expanding via M&A.
Holding company for Yaoko, a Japanese supermarket chain selling fresh and processed food, now expanding via M&A.
In one line: A regional US grocery chain holding company, akin to a smaller Kroger.
Moat: narrow (brand, scale, distribution). Strong regional supermarket brand and store density in the Kanto region.
Headquarters: Kawagoe, Japan · Founded: 1890 · Employees: 5,766
Size Blue Zones (417A.T) is a Japan Consumer Staples company (Food Retail) with a market value of $2.56B, the 407th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,938 on 6 Nov 2026.
Performance Over six months the shares gained 11.1%, against -4.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 11.7% over the last twelve months (peer median +2.6%); the operating margin is 4.5% (peer median 3.1%).
Valuation It trades at 15.8× forward earnings against a peer median of 15.9× (8th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥842B | ¥813B | ¥736B | ¥620B | ¥564B |
| Revenue growth | — | +10% | +19% | +10% | — |
| Gross profit | ¥231B | ¥208B | ¥189B | ¥161B | ¥148B |
| EBITDA | ¥54.6B | ¥52.7B | ¥47.9B | ¥42.0B | ¥38.4B |
| Net income | ¥24.2B | ¥23.6B | ¥20.2B | ¥18.2B | ¥15.8B |
| Free cash flow | n/a | ¥13.8B | ¥7.38B | ¥13.5B | ¥13.6B |
| Capital expenditure | n/a | ¥35.9B | ¥37.1B | ¥24.6B | ¥20.8B |
| Total debt | ¥80.4B | ¥90.7B | ¥80.8B | ¥77.6B | ¥93.2B |
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 |
|---|---|---|---|---|---|---|
| Blue Zones 417A.T | $2.56B | +11% | +12% | 4% | 15.8× | -4.0% |
| Life 8194.T | $1.43B | +1% | +3% | 3% | 12.1× | -11.0% |
| United Super Markets 3222.T | $999M | -7% | +11% | 0% | n/a | 31.5% |
| Valor 9956.T | $1.25B | -6% | +9% | 3% | 8.8× | -2.7% |
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 | 417A.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | +4.3% | 9th highest of 21 |
| 6-month return | +11.1% | -4.4% | 6th highest of 21 |
| Distance from 52-week high | -5.8% | -14.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +11.7% | +2.6% | 2nd highest of 20 |
| Operating margin | 4.5% | 3.1% | 8th highest of 20 |
| Forward P/E | 15.8× | 15.9× | 8th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -4.0% | -2.1% | 8th least demanding of 19 |
| Growth delivered (Del g) | +9.9% | +3.0% | 3rd highest of 19 |
| Hurdle (Req g minus delivered) | -13.9 pp | -4.2 pp | 4th least demanding of 19 |
| ROIC minus cost of capital | +5.4 pp | +3.2 pp | 8th highest of 21 |
| EV / EBITDA | 8.2× | 7.1× | 5th most expensive of 12 |
| Net debt / EBITDA | 0.8× | 1.6× | 6th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Blue Zones 417A.T | Japan | $2.56B | +11% | +12% | 4% | 15.8× | -4.0% | +9.9% |
| Sheng Siong OV8.SI | Singapore | $2.77B | -22% | +10% | 10% | 21.6× | -1.6% | +2.4% |
| Kusuri No Aoki 3549.T | Japan | $2.88B | +26% | +13% | 5% | 21.2× | 4.1% | +13.1% |
| Distribuidora Internacional de Alimentacion DIA.MC | Spain | $3.15B | +25% | +2% | 3% | 32.6× | 4.9% | -3.6% |
| Shanghai Bailian 600827.SS | China | $1.99B | -5% | -9% | -2% | 15.9× | -3.5% | -6.7% |
| Weis Markets WMK | United States | $1.92B | +10% | +4% | 2% | n/a | 4.3% | +3.8% |
| BGF Retail 282330.KS | South Korea | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% | +7.9% |
| Ocado OCDO.L | United Kingdom | $3.73B | +77% | -42% | 3% | n/a | 39.1% | -9.9% |
| Yonghui Superstores 601933.SS | China | $3.76B | -23% | -16% | -3% | 273.4× | n/a | n/a |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | 21.2× | n/a | n/a |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | n/a | -1.4% | +3.0% |
| Kobe Bussan 3038.T | Japan | $4.33B | +15% | +6% | 7% | 21.9× | -4.8% | +10.1% |
| Sprouts Farmers Market SFM | United States | $4.53B | -41% | +5% | 7% | 11.3× | -4.0% | +6.4% |
| Life 8194.T | Japan | $1.43B | +1% | +3% | 3% | 12.1× | -11.0% | +3.0% |
| Better Life Commercial Chain Share 002251.SZ | China | $1.34B | -19% | +11% | 5% | 42.1× | 10.8% | -23.1% |
| DFI Retail D01.SI | Singapore | $5.06B | -11% | -3% | 4% | 13.2× | -0.4% | -2.9% |
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% | +8.4% |
| Aryzta ARYN.SW | Switzerland | $1.28B | -26% | -3% | 7% | 13.0× | -6.6% | +3.0% |
| Arcs 9948.T | Japan | $1.27B | +5% | +2% | 3% | 15.9× | -10.6% | +2.4% |
| Chongqing Chongbai Technology 600729.SS | China | $1.26B | -9% | -11% | 4% | 11.3× | -10.4% | -6.9% |
| Valor 9956.T | Japan | $1.25B | -6% | +9% | 3% | 8.8× | -2.7% | +4.8% |