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Osaka-based retail holding company operating Hanshin and Hankyu department stores and supermarkets.
Osaka-based retail holding company operating Hanshin and Hankyu department stores and supermarkets.
Sales come from department stores on prime sites at the Osaka terminals of the Hankyu and Hanshin railways, where train commuters supply footfall; foreign-visitor spending adds a cyclical layer, while supermarkets give steadier everyday sales. It is part of the Hankyu Hanshin group.
Moat: narrow (brand, distribution). Established Hankyu/Hanshin department-store brands with prime Osaka-area real estate.
Headquarters: Osaka, Japan · Founded: 2007 · Employees: 7,775
Size H2O Retailing (8242.T) is a Japan Consumer Discretionary company (Department Stores) with a market value of $2.10B, the 465th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,714 on 6 Nov 2026.
Performance Over six months the shares gained 17.4%, against -15.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median -0.7%); the operating margin is 4.9% (peer median 5.5%).
Valuation It trades at 12.3× forward earnings against a peer median of 15.3× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥681B | ¥680B | ¥682B | ¥657B | ¥628B |
| Revenue growth | — | 0% | +4% | +5% | — |
| Gross profit | ¥333B | ¥308B | ¥307B | ¥288B | ¥265B |
| EBITDA | n/a | ¥57.7B | ¥58.7B | ¥46.0B | ¥30.4B |
| Net income | ¥37.9B | ¥30.0B | ¥34.8B | ¥21.9B | ¥16.4B |
| Free cash flow | n/a | ¥32.0B | ¥26.3B | ¥31.8B | ¥6.37B |
| Capital expenditure | n/a | ¥25.6B | ¥31.0B | ¥30.6B | ¥30.7B |
| Total debt | ¥126B | ¥143B | ¥164B | ¥174B | ¥190B |
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 |
|---|---|---|---|---|---|---|
| H2O Retailing 8242.T | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% |
| J Front Retailing 3086.T | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% |
| Takashimaya 8233.T | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% |
| Isetan Mitsukoshi 3099.T | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% |
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 | 8242.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -1.2% | 10th lowest of 21 |
| 6-month return | +17.4% | -15.5% | 4th highest of 21 |
| Distance from 52-week high | -11.6% | -42.3% | 3rd highest of 21 |
| Revenue growth (TTM) | -0.4% | -0.7% | 10th highest of 21 |
| Operating margin | 4.9% | 5.5% | 10th lowest of 21 |
| Forward P/E | 12.3× | 15.3× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -9.7% | 2.4% | 3rd least demanding of 18 |
| Growth delivered (Del g) | -1.6% | +0.9% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | -8.0 pp | +0.9 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +3.6 pp | -1.3 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| 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% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| 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% |
| Hyundaideptst 069960.KS | South Korea | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% | +13.2% |
| Izumi 8273.T | Japan | $1.28B | -1% | +1% | 5% | 11.2× | n/a | n/a |
| CCOOP 000564.SZ | China | $3.55B | -23% | +19% | -46% | n/a | n/a | n/a |
| Hunan Friendship & Apollo Commercial 002277.SZ | China | $1.23B | -5% | -20% | -60% | n/a | 21.6% | -15.5% |
| Harvey Norman HVN.AX | Australia | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% | +0.8% |
| Maoye Commercial 600828.SS | China | $1.13B | -13% | -22% | -3% | n/a | 12.9% | -8.4% |
| Takashimaya 8233.T | Japan | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% | -6.3% |
| Fujian Dongbai (Group) 600693.SS | China | $1.11B | -23% | -1% | 32% | 62.6× | 4.1% | +0.9% |
| Nanjing Xinjiekou Department Store 600682.SS | China | $1.07B | -22% | -11% | -16% | n/a | 5.7% | +2.4% |
| J Front Retailing 3086.T | Japan | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% | +6.9% |
| Far Eastern Department Stores 2903.TW | Taiwan | $910M | -5% | -1% | 13% | n/a | 0.5% | -1.8% |