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Upscale Japanese department store chain with flagship stores in major cities and international locations.
Upscale Japanese department store chain with flagship stores in major cities and international locations.
Much of what its stores sell is on consignment, so it keeps a commission on each sale rather than owning the stock. Flagships such as Nihonbashi in Tokyo and Osaka carry the business, with a property arm that develops and runs shopping centers around Tokyo and a long-running store in Singapore.
In one line: Japan's Nordstrom/Neiman Marcus.
Moat: narrow (brand, distribution). Premium department-store brand with flagship urban real estate and long customer loyalty.
Headquarters: Osaka, Japan · Founded: 1831 · Employees: 6,518
Size Takashimaya (8233.T) is a Japan Consumer Discretionary company (Department Stores) with a market value of $3.98B, the 286th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,133 on 6 Nov 2026.
Performance Over six months the shares gained 14.5%, against +7.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +1.1%); the operating margin is 11.4% (peer median 7.1%).
Valuation It trades at 15.6× forward earnings against a peer median of 14.7× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +9 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 0.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 6 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥501B | ¥492B | ¥498B | ¥466B | ¥443B |
| Revenue growth | — | -1% | +7% | +5% | — |
| Gross profit | ¥308B | ¥265B | ¥266B | ¥244B | ¥228B |
| EBITDA | ¥92.8B | ¥87.7B | ¥90.7B | ¥80.5B | ¥66.1B |
| Net income | -¥13.4B | -¥8.19B | ¥39.5B | ¥31.6B | ¥27.8B |
| Free cash flow | ¥47.0B | ¥8.60B | ¥43.7B | ¥31.7B | ¥10.5B |
| Capital expenditure | ¥40.8B | ¥45.2B | ¥28.8B | ¥27.9B | ¥26.0B |
| Total debt | ¥417B | ¥414B | ¥341B | ¥346B | ¥304B |
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 |
|---|---|---|---|---|---|---|
| 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% |
| Isetan Mitsukoshi 3099.T | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% |
| 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 | 8233.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | +1.2% | 10th lowest of 21 |
| 6-month return | +14.5% | +7.0% | 7th highest of 21 |
| Distance from 52-week high | -18.2% | -21.2% | 7th highest of 21 |
| Revenue growth (TTM) | +2.2% | +1.1% | 10th highest of 21 |
| Operating margin | 11.4% | 7.1% | 5th highest of 21 |
| Forward P/E | 15.6× | 14.7× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.4% | 1.5% | 7th most demanding of 18 |
| Growth delivered (Del g) | -6.3% | +4.4% | 2nd lowest of 18 |
| Hurdle (Req g minus delivered) | +8.7 pp | -5.7 pp | 3rd most demanding of 18 |
| ROIC minus cost of capital | -0.3 pp | +0.3 pp | 10th lowest of 21 |
| EV / EBITDA | 10.5× | 8.5× | 5th most expensive of 14 |
| Net debt / EBITDA | 3.5× | 2.2× | 4th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| J Front Retailing 3086.T | Japan | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% | +6.9% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| Macy's M | United States | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% | +4.6% |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Tokyu 9005.T | Japan | $6.14B | -3% | +5% | 9% | 10.0× | n/a | n/a |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| Isetan Mitsukoshi 3099.T | Japan | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% | -7.7% |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Canadian Tire CTC-A.TO | Canada | $7.57B | +7% | +1% | 9% | 14.1× | 1.9% | +1.9% |
| 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% |
| Dillard's DDS | United States | $9.41B | +7% | 0% | 11% | 17.4× | 1.6% | +8.2% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |
| Shinsegae 004170.KS | South Korea | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% | +7.8% |
| Anhui Anfu Battery Technology 603031.SS | China | $1.43B | -39% | +4% | 23% | 23.0× | -0.2% | +21.9% |
| Marks and Spencer MKS.L | United Kingdom | $12.1B | +40% | +21% | 5% | 13.1× | 6.5% | +13.6% |