H2O RETAILING CORPORATION

8242 エイチ・ツー・オーリテイリング株式会社

Grocery Stores · Prime · TSE: Disclosed

PRICE: ¥2,627 · MKT CAP: ¥321.1B · P/E: 8.9x · P/B: 1.07x · DIV YIELD: 1.6%

PRICE — 5Y

Characteristics & Business Summary

H2O Retailing Corporation engages in the development, operation, and management of commercial facilities in Japan. It operates through Department Store Business, Food Segment, Commercial Facility Business, and Others segments. The Department Store Business...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	739,198	518,447	628,089	657,400	681,759
Operating Profit	-4,438	740	11,388	26,188	34,830
Ordinary Profit	-2,907	2,346	13,004	27,875	35,909
Net Profit	-24,791	9,872	16,382	21,905	34,842
EPS	¥-200	¥80	¥141	¥190	¥285
DPS	¥25	¥25	¥25	¥28	¥42

Balance Sheet & Valuation Highlights

Total Assets ¥730B

Net Assets (Equity) ¥313B

Equity Ratio 41.0%

ROE (Return on Equity) 14.0%

Cash & Equivalents ¥56B

Interest-Bearing Debt ¥155B

Capital Expenditure (CapEx) ¥20B

Depreciation & Amort. ¥23B

Major Shareholders

1. 阪神電気鉄道㈱ 12.1%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 11.1%
3. 阪急阪神ホールディングス㈱ 6.8%
4. Custody Bank of Japan, Ltd. (Trust Account) 4.9%
5. 関西フードマーケット取引先持株会 4.4%
6. BNY Mellon (Nominee) 2.0%
7. Citibank, N.A. 1.6%
8. Employee Stock Ownership Plan 1.6%
9. State Street Bank and Trust Company 1.5%
10. State Street Bank and Trust Company 1.2%

Activist Activity

SMBC Nikko Securities Inc. 2.45%

2025-02-07 · change

SMBC Nikko Securities Inc. 6.48%

2024-09-24 · change

SMBC Nikko Securities Inc. 5.24%

2024-08-22 · change

SMBC Nikko Securities Inc. 5.4%

2024-08-07 · initial_5pct

Hankyu Hanshin Holdings, Inc. 18.44%

2024-05-23 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥5,974	¥4,208	¥5,397	¥5,705	¥5,578
FCF/Share	¥-10	¥-161	¥55	¥276	¥213
EPS	¥-200	¥80	¥141	¥190	¥285
DPS	¥25	¥25	¥25	¥28	¥42
Capital Spending per share	¥113	¥213	¥206	¥152	¥165
Book Value per share	¥1,558	¥1,640	¥1,772	¥1,933	¥2,033
Common Shares Outstanding	124M	123M	116M	115M	122M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥739B	¥518B	¥628B	¥657B	¥682B
Operating Margin (%)	-0.6%	0.1%	1.8%	4.0%	5.1%
Net Profit (owners)	¥-25B	¥10B	¥16B	¥22B	¥35B
Net Profit Margin (%)	-3.4%	1.9%	2.6%	3.3%	5.1%
Working Capital	¥-257B	¥-264B	¥-252B	¥-236B	¥-248B
Total Debt (Interest-bearing)	¥189B	¥175B	¥179B	¥154B	¥155B
Net Worth (Common Equity)	¥193B	¥202B	¥206B	¥223B	¥248B
Return on Total Assets (ROA)	-4.0%	1.5%	2.4%	3.1%	4.8%
Return on Common Equity (ROE)	-12.9%	4.9%	7.9%	9.8%	14.0%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.