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Operates MUJI, the no-brand household goods, apparel and food retail chain, in Japan and abroad.
Operates MUJI, the no-brand household goods, apparel and food retail chain, in Japan and abroad.
Designs and sells only its own-label goods through its own stores, so it keeps the retail margin and controls prices. Muji began in 1980 as a no-brand label of the Seiyu supermarket group, and operations in China and elsewhere in Asia now carry much of the growth.
In one line: A minimalist IKEA-meets-Uniqlo.
Moat: narrow (brand, scale). Distinctive minimalist private-label brand with global recognition, but faces broad retail competition.
Headquarters: Tokyo, Japan · Founded: 1989
Size Ryohin Keikaku (7453.T) is a Japan Consumer Discretionary company (Apparel/Footwear) with a market value of $16.4B, the 94th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,730 on 6 Nov 2026.
Performance Over six months the shares gained 30.8%, against +4.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +8.0%); the operating margin is 11.2% (peer median 17.2%).
Valuation It trades at 32.4× forward earnings against a peer median of 15.6× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.0 points above its cost of capital (6.2% WACC).
Next results Next results expected around 1 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥924B | ¥924B | ¥785B | ¥662B | ¥581B |
| Revenue growth | — | +18% | +19% | +14% | — |
| Gross profit | ¥488B | ¥488B | ¥371B | ¥308B | ¥247B |
| EBITDA | ¥138B | ¥142B | ¥106B | ¥85.1B | ¥59.2B |
| Net income | ¥76.4B | ¥76.4B | ¥50.8B | ¥41.6B | ¥22.1B |
| Free cash flow | n/a | ¥77.7B | ¥50.0B | ¥35.9B | ¥40.0B |
| Capital expenditure | n/a | ¥31.3B | ¥38.3B | ¥34.6B | ¥23.3B |
| Total debt | ¥95.8B | ¥95.8B | ¥102B | ¥92.1B | ¥95.7B |
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 |
|---|---|---|---|---|---|---|
| Ryohin Keikaku 7453.T | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% |
| Fast Retailing 9983.T | $155B | +6% | +17% | 18% | 41.2× | 23.8% |
| Industria de Diseno Textil ITX.MC | $206B | +20% | +6% | 20% | 27.3× | 15.3% |
| H&M Hennes & Mauritz HM-B.ST | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% |
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 | 7453.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.5% | +10.8% | 8th lowest of 21 |
| 6-month return | +30.8% | +4.8% | 2nd highest of 21 |
| Distance from 52-week high | -8.5% | -13.6% | 5th highest of 21 |
| Revenue growth (TTM) | +17.7% | +8.0% | 5th highest of 21 |
| Operating margin | 11.2% | 17.2% | 5th lowest of 21 |
| Forward P/E | 32.4× | 15.6× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | 6.9% | 10th most demanding of 21 |
| Growth delivered (Del g) | +15.3% | +14.3% | 10th highest of 21 |
| Hurdle (Req g minus delivered) | -5.8 pp | -6.6 pp | 10th most demanding of 21 |
| ROIC minus cost of capital | +14.0 pp | +11.0 pp | 9th highest of 21 |
| EV / EBITDA | 18.3× | 10.1× | most expensive of 18 |
| Net debt / EBITDA | -0.5× | 0.7× | 4th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| Moncler MONC.MI | Italy | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% | +16.8% |
| Asics 7936.T | Japan | $20.7B | +10% | +28% | 19% | 27.1× | 14.1% | +19.8% |
| Lululemon Athletica LULU | United States | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% | +20.3% |
| On Holding AG Class A ONON | United States | $12.3B | +6% | +29% | 14% | 20.0× | 22.0% | +51.6% |
| Ralph Lauren RL | United States | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% | +13.0% |
| Deckers Brands DECK | United States | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% | +16.5% |
| Next NXT.L | United Kingdom | $23.8B | +24% | +13% | 19% | 18.8× | 12.5% | +14.3% |
| Anta Sports 2020.HK | Hong Kong | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% | +16.9% |
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| adidas ADS.DE | Germany | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% | +6.1% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |