3539
JM HOLDINGS CO.,LTD.
株式会社JMホールディングス
Retail Trade
JM Holdings Co.,Ltd. engages in the supermarket business in Japan. The company is involved in the restaurant, event-related, and outsourcing businesses, as well as wholesale and retail of meat. In addition, it engages in the facility operation and management, and rice retail businesses. JM Holdings Co.,Ltd. was formerly known as Japan Meat Co.,Ltd. The company was founded in 1945 and is headquartered in Tsuchiura, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥186.2B
¥172.3B
¥154.8B
¥140.8B
¥129.8B
Cost of Sales
¥132.8B
¥123.1B
¥110.8B
¥101.5B
¥92.9B
Gross Profit
¥53.4B
¥49.2B
¥44.0B
¥39.3B
¥36.9B
SG&A
¥43.4B
¥40.1B
¥36.8B
¥32.7B
¥30.3B
Operating Income
¥10.0B
¥9.1B
¥7.2B
¥6.7B
¥6.6B
Non-Operating Income
¥162M
¥231M
¥250M
¥290M
¥170M
Dividend Income
¥17M
—
—
—
—
Non-Operating Expenses
¥66M
¥61M
¥75M
¥40M
¥52M
Interest Expense
¥58M
¥42M
¥38M
¥33M
¥36M
Ordinary Income
¥10.1B
¥9.3B
¥7.4B
¥6.9B
¥6.7B
Pre-tax Income
¥9.9B
¥8.7B
¥7.4B
¥7.0B
¥6.8B
Income Taxes
¥3.4B
¥3.2B
¥2.9B
¥2.7B
¥2.5B
Current Tax
¥3.5B
¥3.7B
¥2.9B
¥2.7B
¥2.5B
Deferred Tax
¥-83M
¥-450M
¥-27M
¥2M
¥19M
Net Income (owners)
¥6.5B
¥5.5B
¥4.4B
¥4.3B
¥4.2B
Minority Interest
¥32M
¥22M
¥40M
¥40M
¥38M
Comprehensive Income
¥6.4B
¥5.6B
¥4.4B
¥4.3B
¥4.2B
EBITDA
¥12.8B
¥11.6B
¥9.4B
¥8.6B
¥8.4B
Goodwill Amort. (J-GAAP)
¥205M
¥262M
¥483M
¥439M
¥439M
EPS
¥252.05
¥204.86
¥165.56
¥159.90
¥159.28
Shares Outstanding
25.5M
26.7M
26.7M
26.7M
26.7M
Shares Issued (total)
25.5M
26.7M
26.7M
26.7M
26.7M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥72.7B
¥71.4B
¥65.6B
¥58.9B
¥55.4B
Current Assets
¥34.9B
¥36.0B
¥31.8B
¥31.2B
¥30.8B
Cash & Deposits
¥18.3B
¥22.4B
¥17.8B
¥19.5B
¥20.4B
Trade Receivables
¥4.2B
¥3.5B
¥3.4B
¥2.8B
¥2.4B
Inventories
¥9.6B
¥7.4B
¥7.0B
¥5.8B
¥5.1B
Non-Current Assets
¥37.8B
¥35.4B
¥33.8B
¥27.7B
¥24.6B
PP&E
¥26.7B
¥24.5B
¥23.2B
¥19.2B
¥16.5B
Goodwill
¥1.3B
¥1.5B
¥1.8B
¥1.2B
¥1.6B
Intangible Assets
¥2.6B
¥2.3B
¥2.6B
¥1.5B
¥1.9B
Investment Securities
¥1.0B
¥1.2B
¥1.0B
¥1.1B
¥465M
Deferred Tax Assets
¥1.3B
¥1.2B
¥772M
¥664M
¥644M
Total Liabilities
¥27.4B
¥27.6B
¥26.2B
¥23.0B
¥23.0B
Current Liabilities
¥20.7B
¥21.1B
¥19.0B
¥20.0B
¥19.4B
ST Debt
¥4.3B
¥4.4B
¥4.3B
¥4.5B
¥3.7B
Taxes Payable
¥1.7B
¥2.2B
¥1.5B
¥1.4B
¥1.4B
Non-Current Liabilities
¥6.7B
¥6.5B
¥7.2B
¥3.0B
¥3.6B
Total LT Borrowings
¥3.3B
¥3.6B
¥4.3B
¥616M
¥1.3B
Pension Obligations
¥691M
¥688M
¥663M
¥573M
¥520M
Total Equity
¥45.3B
¥43.8B
¥39.4B
¥35.9B
¥32.3B
Capital Stock
¥2.2B
¥2.2B
¥2.2B
¥2.2B
¥2.2B
Capital Surplus
¥2.4B
¥2.4B
¥2.4B
¥2.4B
¥2.4B
Retained Earnings
¥40.3B
¥38.7B
¥34.3B
¥30.9B
¥27.5B
Treasury Stock
¥-1M
¥-1M
¥0M
¥0M
¥0M
AOCI
¥183M
¥280M
¥149M
¥169M
¥151M
Equity (owners)
¥44.9B
¥43.3B
¥38.9B
¥35.5B
¥32.1B
Minority Interests
¥217M
¥185M
¥385M
¥198M
¥131M
Total Interest-Bearing Debt ⓘ
¥7.6B
¥8.1B
¥8.6B
¥5.2B
¥5.0B
Net Cash ⓘ
¥10.7B
¥14.3B
¥9.2B
¥14.3B
¥15.4B
NCAV ⓘ
¥7.5B
¥8.4B
¥5.7B
¥8.2B
¥7.8B
NCAV/Share
¥296
¥315
¥212
¥307
¥291
BV/Share
¥1,764
¥1,623
¥1,457
¥1,332
¥1,202
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥6.6B
¥9.7B
¥4.2B
¥5.2B
¥7.3B
Interest Paid
¥-42M
¥-25M
¥-23M
¥-18M
¥-23M
Interest Received
¥29M
¥16M
¥15M
¥16M
¥13M
D&A
¥2.5B
¥2.2B
¥1.7B
¥1.5B
¥1.4B
Goodwill Amort.
¥205M
¥262M
¥483M
¥439M
¥439M
Investing CF
¥-6.4B
¥-5.3B
¥-2.1B
¥-3.7B
¥-5.1B
CapEx
¥4.0B
¥2.8B
¥4.4B
¥4.3B
¥3.4B
Purchase Investments
—
—
—
¥-565M
¥-1M
Proceeds from Invest.
—
—
—
—
¥51M
Financing CF
¥-5.7B
¥-2.2B
¥-1.9B
¥-1.0B
¥-1.6B
Dividends Paid
¥-1.1B
¥-1.1B
¥-1.1B
¥-799M
¥-799M
Share Buybacks
¥-3.7B
—
—
—
—
LT Debt Repaid
¥-753M
¥-771M
¥-3.4B
¥-680M
¥-1.6B
Free Cash Flow
¥2.6B
¥6.9B
¥-194M
¥926M
¥3.9B
Net Change in Cash
¥-5.5B
¥2.1B
¥199M
¥391M
¥598M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
14.6%
13.2%
11.8%
12.6%
13.9%
ROA
9.0%
8.0%
7.1%
7.5%
7.7%
EPS
¥252.05
¥204.86
¥165.56
¥159.90
¥159.28
DPS
¥46.00
¥42.00
¥40.00
¥35.00
¥30.00
BPS
¥1,771.26
¥1,633.61
¥1,462.97
¥1,338.16
¥1,207.58
FCF/Share
¥103
¥257
¥-7
¥35
¥146
NCAV/Share
¥296
¥315
¥212
¥307
¥291
Payout Ratio
18.3%
20.5%
24.2%
21.9%
18.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-06-16
fujiwara katsurou
4.72%
change
Passive
—
2024-10-01
sakai kouji
10.95%
correction
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 2
#
Shareholder
Shares (thou.)
% of Total
1
境 正博
5,125
20.12%
2
境 和弘
2,475
9.72%
3
境 弘治
2,211
8.68%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(信託口)
1,464
5.75%
5
藤原 ひろみ
816
3.21%
6
JOYFUL HONDA CO.,LTD.
㈱ジョイフル本田
800
3.14%
7
Employee Stock Ownership Plan
JMホールディングス従業員持株会
771
3.03%
8
境 和美
719
2.82%
9
藤原 克朗
386
1.52%
10
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZAT ION FUND 620065(常任代理人 ㈱みずほ銀行決済営業部)
283
1.11%
Domestic Nominees
5.8%
-3.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
53.4%
-1.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
境 正博
19.21%
19.21%
20.12%
+0.91%
境 和弘
10.03%
10.03%
9.72%
-0.31%
境 弘治
11.29%
11.29%
8.68%
-2.61%
日本マスタートラスト信託銀行
6.10%
7.41%
5.75%
-1.66%
藤原 ひろみ
3.62%
3.62%
3.21%
-0.41%
JOYFUL HONDA CO.,LTD.
㈱ジョイフル本田
3.00%
3.00%
3.14%
+0.14%
Employee Stock Ownership Plan
JMホールディングス従業員持株会
3.12%
3.02%
3.03%
+0.01%
境 和美
2.69%
2.69%
2.82%
+0.13%
藤原 克朗
1.64%
1.64%
1.52%
-0.12%
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZAT ION FUND
NEW ENTRY
—
—
—
1.11%
NEW
Japan Custody Bank
日本カストディ銀行
last seen 2024
Exited Top 10
1.74%
1.77%
—
Concentration (HHI)
ⓘ
679
696
649
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥640M
+27% since 2023
Holdings
2
Trend
1 building
vs 2023
Held Company
FY2025
¥640M total
FY2023
¥503M total
Book Val ¥M
Shares
Book Val ¥M
Shares
JOYFUL HONDA CO.,LTD.
㈱ジョイフル本田
638
+0.5%
↑
305,704
500
304,116
M
s foods inc.
エスフーズ㈱
2
1,000
3
1,000
Portfolio total
640
503
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding