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Japan's largest consumer-electronics retail chain (Yamada Denki), now also selling furniture, housing and financial services.
Japan's largest consumer-electronics retail chain (Yamada Denki), now also selling furniture, housing and financial services.
Earns retail margins on appliances and electronics bought in bulk from manufacturers, where buying scale and a large store network count for more than any single product. Beyond stores it sells housing, renovation and furniture, aimed at selling more to the same households.
In one line: Japan's Best Buy, expanded into home goods and housing.
Moat: narrow (scale, distribution, brand). Largest store network and purchasing scale among Japanese electronics retailers.
Headquarters: Takasaki, Japan · Founded: 1973 · Employees: 26,747
Size Yamada (9831.T) is a Japan Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $3.90B, the 292nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥735 on 6 Nov 2026.
Performance Over six months the shares gained 40.8%, against +5.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 11 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +5.3%); the operating margin is 1.1% (peer median 5.1%).
Valuation It trades at 12.8× forward earnings against a peer median of 20.2× (2nd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +21 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 3.6 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.73T | ¥1.69T | ¥1.63T | ¥1.59T | ¥1.60T |
| Revenue growth | — | +4% | +2% | -1% | — |
| Gross profit | ¥450B | ¥417B | ¥434B | ¥431B | ¥427B |
| EBITDA | ¥48.4B | ¥46.0B | ¥69.8B | ¥67.6B | ¥69.2B |
| Net income | ¥15.9B | ¥14.8B | ¥26.9B | ¥24.1B | ¥31.8B |
| Free cash flow | n/a | ¥6.14B | ¥11.3B | ¥29.0B | ¥23.4B |
| Capital expenditure | n/a | ¥44.8B | ¥41.2B | ¥26.3B | ¥21.5B |
| Total debt | ¥286B | ¥310B | ¥326B | ¥316B | ¥320B |
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 |
|---|---|---|---|---|---|---|
| Yamada 9831.T | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% |
| Nojima 7419.T | $2.46B | +8% | +11% | 6% | n/a | -14.2% |
| K's 8282.T | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% |
| Edion 2730.T | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% |
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 | 9831.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | +1.0% | 4th highest of 11 |
| 6-month return | +40.8% | +5.9% | 3rd highest of 11 |
| Distance from 52-week high | -4.3% | -15.7% | 3rd highest of 11 |
| Revenue growth (TTM) | +6.6% | +5.3% | 5th highest of 10 |
| Operating margin | 1.1% | 5.1% | 3rd lowest of 11 |
| Forward P/E | 12.8× | 20.2× | 2nd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 20.7% | -3.0% | most demanding of 10 |
| Growth delivered (Del g) | -0.7% | +4.4% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +21.4 pp | -7.2 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -3.6 pp | +3.3 pp | 3rd lowest of 10 |
| Net debt / EBITDA | 5.2× | 0.9× | most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% | -0.7% |
| JB Hi-Fi JBH.AX | Australia | $5.86B | +8% | +5% | 7% | 18.1× | 6.7% | +4.4% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | n/a | -14.2% | +13.4% |
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | n/a | n/a | n/a |
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% | +5.1% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 22.5× | -5.2% | +13.1% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% | +0.7% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% | -0.8% |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 106.3× | -3.0% | -28.0% |
| GameStop GME | United States | $12.7B | +3% | -8% | 14% | 25.4× | 18.7% | -6.5% |
| Fnac Darty FNAC.PA | France | $1.16B | -1% | +10% | 2% | 17.4× | -0.6% | +6.6% |