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← CockpitCompetitor Analysis › 8276.T Heiwado Co., Ltd.Open in the cockpit ↗

Heiwado Co., Ltd.8276.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Staples›Food Retail
Momentum neutral 55
Mkt cap
$749M
US dollars, full cap
Free float
49%
of shares outstanding
$/day
$1.63M
20-day average traded
Fwd P/E
13.3×
forward earnings
ROIC−WACC
-0.8 pp
WACC 5.0%
Hurdle
-5 pp
Req g minus delivered
Next earnings
41 days
17 Dec 2026
Close · JPY¥2,597
1D-5.2%
1W+1.6%
1M+2.8%
3M-3.0%
6M-2.5%
YTD-9.9%
1Y-10.4%
ATR %2.2%
52w lowhigh20.1% off high

What Heiwado does

Employees: 4,674

Heiwado at a glance

Size Heiwado (8276.T) is a Japan Consumer Staples company (Food Retail) with a market value of $749M, the 871st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,597 on 6 Nov 2026.

Performance Over six months the shares fell 2.5%, against -7.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 2.5% over the last twelve months (peer median +0.4%); the operating margin is 2.6% (peer median 3.0%).

Valuation It trades at 13.3× forward earnings against a peer median of 14.7× (5th cheapest of 11).

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 +1%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.8 points below its cost of capital (5.0% WACC).

Next results Next results expected around 17 Dec 2026 (exchange calendar; dates can move).

Relative performance

909510010511 May 202611 Aug 20266 Nov 20268276.T 99Peer median 93
Six months, rebased to 100: Heiwado against the median of its 20 peers (local-currency closes).

Heiwado financials

Reported figures in JPY; fiscal year ends 2026-02-28. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥463B¥456B¥445B¥425B¥416B
Revenue growth—+2%+5%+2%—
Gross profit¥154B¥152B¥148B¥142B¥139B
EBITDA¥26.4B¥27.2B¥26.6B¥25.7B¥22.7B
Net income¥8.09B¥9.41B¥10.7B¥6.79B¥7.52B
Free cash flown/a¥429M¥6.80B¥3.44B¥1.01B
Capital expendituren/a¥17.5B¥16.2B¥19.5B¥14.8B
Total debt¥20.6B¥21.2B¥20.3B¥28.2B¥27.5B

Quarterly statements and history in the cockpit →

Heiwado competitor charts

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.

Performance: 6-month against 1-month return

-20%-10%0%+10%0%+10%7512601116NGVCSMWH9974825560370881986051886037193222002697603866VLGEA6013660007598278274235398276.T6-month return →1-month return →
Up and to the right = strong over both horizons. Heiwado is the large dot.

Fundamentals: revenue growth against valuation

-30%-20%-10%0%0×50×100×150×NGVCSMWH997460370860371900269760386635398276.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Heiwado is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%NGVCSMWH825560370881986051886037193222603866VLGEA6007858278274235398276.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Heiwado is the large dot.

Heiwado competitors and peer comparison

How Heiwado compares with its peers

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.

Heiwado against its 20 peers (data as of 6 Nov 2026)
Measure8276.TPeer medianRank in peer set
1-month return+2.8%+0.8%9th highest of 21
6-month return-2.5%-7.7%6th highest of 21
Distance from 52-week high-20.1%-25.4%7th highest of 21
Revenue growth (TTM)+2.5%+0.4%9th highest of 21
Operating margin2.6%3.0%9th lowest of 21
Forward P/E13.3×14.7×5th cheapest of 11
Growth the price implies (Req g, 7 yrs)-3.8%1.5%7th least demanding of 17
Growth delivered (Del g)+0.7%+3.2%4th lowest of 17
Hurdle (Req g minus delivered)-4.6 pp-2.8 pp9th least demanding of 17
ROIC minus cost of capital-0.8 pp+1.3 pp6th lowest of 21
EV / EBITDA4.4×6.3×2nd cheapest of 8
Net debt / EBITDA-0.1×1.0×5th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Heiwado 8276.TJapan$749M-2%+2%3%13.3×-3.8%+0.7%
Aeon Hokkaido 7512.TJapan$719M-4%+3%2%n/an/an/a
Sanjiang Shopping Club 601116.SSChina$833M-26%-7%3%n/an/an/a
Natural Grocers by Vitamin Cottage NGVCUnited States$659M+8%+2%5%12.9×10.6%+5.1%
WH Smith SMWH.LUnited Kingdom$851M-10%-31%8%11.0×9.1%+8.8%
BELC 9974.TJapan$852M-8%+5%4%10.7×n/an/a
Axial Retailing 8255.TJapan$865M+30%+3%4%15.1×-10.9%+2.9%
Jiajiayue 603708.SSChina$874M-12%0%2%25.6×-12.7%+1.5%
Maxvalu Tokai 8198.TJapan$621M-10%+1%3%n/a-20.0%+1.6%
Jiangxi Guoguang Commercial Chains 605188.SSChina$908M-26%+3%1%n/a27.5%+4.6%
Bestore 603719.SSChina$587M-11%0%0%140.6×6.3%-7.0%
United Super Markets 3222.TJapan$999M-7%+11%0%n/a31.5%+5.6%
Chengdu Hongqi Chain 002697.SZChina$1.01B-5%-1%5%14.3×-17.5%+1.1%
Toly Bread 603866.SSChina$1.01B-15%-2%8%24.1×0.5%-1.8%
Village Super Market VLGEAUnited States$551M-8%+4%3%n/a-2.5%+3.5%
Yinchuan Xinhua Commercial 600785.SSChina$540M-8%-2%4%21.8×2.7%+0.9%
Liqun Commercial 601366.SSChina$528M-9%-25%-4%n/a2.9%-4.2%
Zhongbai 000759.SZChina$521M0%-22%-11%n/an/an/a
Fuji 8278.TJapan$1.11B-1%-1%1%n/a2.6%+20.9%
Halows 2742.TJapan$500M-7%+6%5%n/a-12.8%+8.2%
JM Holdings Co., Ltd. 3539.TJapan$493M+12%+7%5%10.2×-12.4%+8.9%

Questions

Which companies are Heiwado's closest peers?
The cockpit's peer set: Aeon Hokkaido (7512.T), Sanjiang Shopping Club (601116.SS), Natural Grocers by Vitamin Cottage (NGVC), WH Smith (SMWH.L), BELC (9974.T), Axial Retailing (8255.T), Jiajiayue (603708.SS), Maxvalu Tokai (8198.T).
Is Heiwado expensive compared with its peers?
On forward p/e it trades at 13.3× against a peer median of 14.7×, 5th cheapest of 11 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has Heiwado stock performed?
Over six months to 6 Nov 2026 the shares returned -2.5% against -7.7% for the median peer; over one year -10.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.