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Japanese wholesale distributor of toys, video games and anime/music content, closely affiliated with the Bandai Namco group.
Japanese wholesale distributor of toys, video games and anime/music content, closely affiliated with the Bandai Namco group.
Earns a thin wholesale margin by buying from makers and supplying retailers, so profit depends on volume turned and on the strength of the game and toy releases it carries.
In one line: A media/toy distributor akin to a Japanese GameStop-meets-distributor.
Moat: narrow (distribution, scale). Long-standing distribution relationships, including ties to the Bandai Namco group, support scale in toy/game logistics.
Headquarters: Tokyo, Japan · Founded: 1976 · Employees: 1,113
Size Happinet (7552.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $1.82B, the 513th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,220 on 6 Nov 2026.
Performance Over six months the shares gained 133.1%, against -0.8% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +6.3%); the operating margin is 3.5% (peer median 7.4%).
Valuation It trades at 16.2× forward earnings against a peer median of 18.5× (7th cheapest of 15).
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 +11%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 57.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥448B | ¥439B | ¥364B | ¥350B | ¥307B |
| Revenue growth | — | +20% | +4% | +14% | — |
| Gross profit | ¥53.3B | ¥50.8B | ¥43.1B | ¥37.4B | ¥31.2B |
| EBITDA | ¥17.5B | ¥17.1B | ¥14.1B | ¥10.2B | ¥7.23B |
| Net income | ¥9.52B | ¥10.1B | ¥6.76B | ¥6.58B | ¥3.56B |
| Free cash flow | n/a | ¥15.5B | ¥16.0B | ¥7.67B | ¥6.41B |
| Capital expenditure | n/a | ¥648M | ¥2.55B | ¥1.39B | ¥1.01B |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 |
|---|---|---|---|---|---|---|
| Happinet 7552.T | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% |
| Bandai Namco 7832.T | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% |
| Square Enix 9684.T | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% |
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 | 7552.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.4% | -0.3% | 2nd highest of 21 |
| 6-month return | +133.1% | -0.8% | highest of 21 |
| Distance from 52-week high | -5.9% | -23.7% | 3rd highest of 21 |
| Revenue growth (TTM) | +18.6% | +6.3% | 3rd highest of 21 |
| Operating margin | 3.5% | 7.4% | 5th lowest of 19 |
| Forward P/E | 16.2× | 18.5× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -4.1% | 6.6% | 6th least demanding of 18 |
| Growth delivered (Del g) | +11.1% | +7.6% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -15.2 pp | -6.2 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | +57.7 pp | +0.3 pp | highest of 18 |
| Net debt / EBITDA | -2.4× | 2.0× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Happinet 7552.T | Japan | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% | +11.1% |
| Inaba Denkisangyo 9934.T | Japan | $1.82B | -4% | +15% | 8% | n/a | -11.9% | +8.5% |
| Tibet Huayu Mining 601020.SS | China | $1.83B | -48% | -22% | 23% | n/a | n/a | n/a |
| Pengxin International Mining 600490.SS | China | $1.85B | -32% | -20% | n/a | n/a | 6.6% | -17.2% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | n/a | -14.9% | +36.3% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 25.2× | 7.2% | +13.9% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 13.5× | -5.1% | +1.1% |
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 16.2× | 4.9% | +10.9% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | n/a | 38.5% | +7.6% |