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Employees: 10,804
Size H.I.S.Co (9603.T) is a Japan Consumer Discretionary company (Other Consumer Services) with a market value of $492M, the 1075th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,049 on 6 Nov 2026.
Performance Over six months the shares gained 0.4%, against -8.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +1.9%); the operating margin is 2.7% (peer median 10.1%).
Valuation It trades at 0.4× enterprise value to sales against a peer median of 2.5× (2nd cheapest of 21).
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 -3%, so the hurdle is +1 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 0.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥386B | ¥373B | ¥343B | ¥252B | ¥143B |
| Revenue growth | — | +9% | +36% | +76% | — |
| Gross profit | ¥119B | ¥109B | ¥102B | ¥74.5B | ¥19.1B |
| EBITDA | ¥22.6B | ¥23.2B | ¥22.2B | ¥12.4B | -¥34.9B |
| Net income | -¥2.05B | ¥4.72B | ¥8.72B | -¥2.62B | -¥11.5B |
| Free cash flow | n/a | ¥14.1B | ¥21.1B | ¥24.6B | -¥23.8B |
| Capital expenditure | n/a | ¥7.15B | ¥8.20B | ¥6.49B | ¥8.86B |
| Total debt | ¥178B | ¥179B | ¥212B | ¥266B | ¥277B |
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.
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 | 9603.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -0.7% | 9th lowest of 21 |
| 6-month return | +0.4% | -8.5% | 7th highest of 21 |
| Distance from 52-week high | -24.3% | -39.7% | 8th highest of 21 |
| Revenue growth (TTM) | +3.8% | +1.9% | 10th highest of 21 |
| Operating margin | 2.7% | 10.1% | 8th lowest of 21 |
| EV / Sales | 0.4× | 2.5× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.9% | 5.7% | 7th least demanding of 18 |
| Growth delivered (Del g) | -2.8% | +12.6% | 3rd lowest of 18 |
| Hurdle (Req g minus delivered) | +0.9 pp | -11.6 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | +0.2 pp | -2.3 pp | 10th highest of 20 |
| EV / EBITDA | 6.7× | 8.6× | 4th cheapest of 13 |
| Net debt / EBITDA | 2.7× | -0.3× | 5th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| H.I.S.Co 9603.T | Japan | $492M | 0% | +4% | 3% | 0.4× | -1.9% | -2.8% |
| Vicom WJP.SI | Singapore | $489M | -1% | +29% | 34% | 3.5× | -8.4% | +14.1% |
| Thomas Cook (India) THOMASCOOK.NS | India | $499M | +1% | -7% | 3% | 0.5× | 13.8% | +60.2% |
| Shenzhen Silver Basis Technology 002786.SZ | China | $483M | -17% | +1% | 1% | 1.6× | 29.9% | -6.6% |
| Rainbow Tours RBW.WA | Poland | $458M | -8% | +11% | 6% | 0.3× | -10.6% | +60.0% |
| ZJBC Information Technology 000889.SZ | China | $447M | -28% | -5% | 0% | 2.1× | n/a | n/a |
| Gym GYM.L | United Kingdom | $436M | +1% | +9% | 13% | 2.8× | 11.7% | +24.9% |
| Guilin Tourism 000978.SZ | China | $431M | -8% | +2% | -6% | 8.2× | 33.7% | +12.6% |
| Lungyen Life Service 5530.TWO | Taiwan | $565M | +1% | -17% | 20% | 2.5× | n/a | n/a |
| Carriage Services CSV | United States | $426M | -41% | +1% | 23% | 2.3× | -4.3% | +4.9% |
| IDP Education IEL.AX | Australia | $424M | -19% | -10% | 12% | 1.0× | -3.0% | +8.5% |
| Mahindra Holidays & Resorts India MHRIL.NS | India | $422M | -18% | +7% | 6% | 2.4× | 30.5% | +12.0% |
| Beauty Farm Medical & Health Industry 2373.HK | Hong Kong | $585M | -9% | +23% | 16% | 0.9× | -16.4% | +14.0% |
| Beijing Jingxi Culture and Tourism 000802.SZ | China | $409M | -12% | -60% | -62% | 15.4× | 10.6% | -4.8% |
| Youngy Health 300247.SZ | China | $409M | -21% | +2% | 19% | 2.8× | 5.7% | +12.8% |
| Nagase Brothers 9733.T | Japan | $404M | -5% | +8% | 9% | 1.3× | -8.3% | +7.0% |
| Curves 7085.T | Japan | $601M | +27% | +16% | 18% | 2.1× | -0.7% | +11.9% |
| Yunnan Tourism 002059.SZ | China | $606M | -19% | -24% | -62% | 12.4× | n/a | n/a |
| China Gingko Education 1851.HK | Hong Kong | $629M | +56% | +14% | 38% | 10.9× | 5.9% | +16.9% |
| Azoom 3496.T | Japan | $385M | +21% | +26% | 19% | 3.5× | -1.0% | +28.7% |
| Tibet Tourism 600749.SS | China | $384M | -29% | -7% | -12% | 11.0× | 49.8% | +8.1% |