9831
YAMADA HOLDINGS CO.,LTD.
株式会社ヤマダホールディングス
Consumer Cyclical · Specialty Retail
Yamada Holdings Co., Ltd., together with its subsidiaries, operates in the consumer electronics retailing activities in Japan and internationally. It operates through four segments: Consumer Electronics, Housing, Financial, and Environment Business. The company offers home electrical appliances, such as Televisions, refrigerators, and washing machines; home information appliances, including computers and mobile phones; housing-related products comprises furniture and home interiors provision of renovation services. It is also involved in manufacturing and sale of housing equipment, such as bathroom equipment and kitchen equipment; and providing reuse, recycling, and recovery of resource services mainly for home electrical appliances and computers, as well as provides financial products for new construction, renovation, payment services, insurance products, and life planning. The company was formerly known as Yamada Denki Co., Ltd. and changed its name to Yamada Holdings Co., Ltd. in October 2020. Yamada Holdings Co., Ltd. was founded in 1973 and is headquartered in Takasaki, Japan.
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⚠ TSE Capital Mandate
P / Book
0.65×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥1,691.8B
¥1,629.1B
¥1,592.0B
¥1,600.6B
¥1,619.4B
Cost of Sales
¥1,250.2B
¥1,171.7B
¥1,137.8B
¥1,151.8B
¥1,154.4B
Gross Profit
¥441.6B
¥457.4B
¥454.2B
¥448.8B
¥465.0B
SG&A
¥425.5B
¥414.5B
¥412.7B
¥404.7B
¥399.3B
Operating Income
¥16.2B
¥42.8B
¥41.5B
¥44.1B
¥65.7B
Non-Operating Income
¥9.8B
¥10.3B
¥9.9B
¥10.2B
¥11.6B
Interest Income
—
¥469M
¥610M
¥730M
¥588M
Non-Operating Expenses
—
¥5.1B
¥4.3B
¥4.2B
¥3.2B
Interest Expense
—
¥2.3B
¥1.7B
¥1.5B
¥1.4B
Ordinary Income
¥20.0B
¥48.0B
¥47.0B
¥50.1B
¥74.1B
Pre-tax Income
¥24.3B
¥42.9B
¥39.2B
¥43.6B
¥69.5B
Income Taxes
¥8.7B
¥15.4B
¥14.5B
¥11.3B
¥17.2B
Current Tax
—
¥18.9B
¥13.7B
¥14.2B
¥16.0B
Deferred Tax
—
¥-3.5B
¥769M
¥-2.8B
¥1.3B
Net Income (owners)
¥14.8B
¥26.9B
¥24.1B
¥31.8B
¥50.6B
Minority Interest
—
¥526M
¥722M
¥417M
¥1.7B
Comprehensive Income
—
¥29.3B
¥29.1B
¥30.4B
¥51.1B
EBITDA
¥45.5B
¥69.8B
¥67.6B
¥69.2B
¥90.1B
Goodwill Amort. (J-GAAP)
—
¥558M
¥568M
¥504M
¥742M
EPS
¥21.95
¥38.90
¥34.78
¥40.25
¥60.96
Shares Outstanding
—
693.1M
692.3M
708.3M
836.0M
Shares Issued (total)
—
966.9M
966.9M
966.7M
966.6M
Treasury Shares
—
273.8M
274.6M
258.5M
130.6M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥1,303.9B
¥1,325.0B
¥1,289.0B
¥1,271.2B
¥1,271.7B
Current Assets
¥613.7B
¥655.2B
¥637.4B
¥613.8B
¥621.3B
Cash & Deposits
¥38.2B
¥58.4B
¥55.2B
¥47.2B
¥57.2B
Trade Receivables
—
¥97.0B
¥78.5B
¥68.8B
¥68.8B
Non-Current Assets
¥690.2B
¥669.7B
¥651.6B
¥657.4B
¥650.4B
PP&E
¥469.8B
¥454.7B
¥438.9B
¥439.6B
¥437.5B
Goodwill
—
¥2.0B
¥2.7B
¥3.7B
¥2.4B
Intangible Assets
—
¥39.1B
¥40.6B
¥42.1B
¥41.0B
Investment Securities
¥19.3B
¥15.4B
¥15.5B
¥14.4B
¥10.4B
Deferred Tax Assets
—
¥54.8B
¥52.4B
¥57.6B
¥54.1B
Total Liabilities
¥661.3B
¥679.7B
¥664.8B
¥659.4B
¥595.4B
Current Liabilities
¥466.2B
¥469.4B
¥461.6B
¥438.9B
¥391.7B
Accounts Payable
—
¥84.5B
¥99.0B
¥90.6B
¥94.6B
ST Debt
¥202.7B
¥199.9B
¥191.1B
¥177.9B
¥111.1B
Taxes Payable
—
¥13.1B
¥6.4B
¥1.6B
¥4.7B
Non-Current Liabilities
¥195.2B
¥210.3B
¥203.2B
¥220.5B
¥203.7B
Total LT Borrowings
¥94.9B
¥110.3B
¥108.2B
¥124.7B
¥111.1B
Pension Obligations
—
¥33.5B
¥34.0B
¥34.3B
¥31.5B
Total Equity
¥642.6B
¥645.3B
¥624.2B
¥611.8B
¥676.3B
Capital Stock
—
¥71.1B
¥71.1B
¥71.1B
¥71.1B
Capital Surplus
—
¥74.8B
¥74.7B
¥74.7B
¥81.0B
Retained Earnings
¥621.9B
¥615.0B
¥597.2B
¥581.5B
¥564.9B
Treasury Stock
—
¥-129.1B
¥-129.9B
¥-121.8B
¥-61.3B
AOCI
—
¥5.3B
¥3.4B
¥-914M
¥982M
Equity (owners)
¥625.9B
¥631.8B
¥613.0B
¥605.5B
¥655.7B
Minority Interests
—
¥6.0B
¥5.5B
¥5.2B
¥17.8B
Total Interest-Bearing Debt ⓘ
¥297.6B
¥310.2B
¥299.3B
¥302.7B
¥222.2B
Net Cash ⓘ
¥-259.4B
¥-251.8B
¥-244.1B
¥-255.4B
¥-165.0B
NCAV ⓘ
¥-47.6B
¥-24.5B
¥-27.4B
¥-45.6B
¥25.9B
NCAV/Share
—
¥-35
¥-40
¥-64
¥31
BV/Share
—
¥912
¥886
¥855
¥784
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥49.8B
¥51.6B
¥54.6B
¥43.7B
¥21.1B
Taxes Paid
—
¥-7.7B
¥-1.3B
¥-13.0B
¥-54.4B
Interest Paid
—
¥-2.3B
¥-1.7B
¥-1.5B
¥-1.4B
Interest Received
—
¥783M
¥420M
¥571M
¥334M
D&A
¥29.3B
¥26.5B
¥25.6B
¥24.6B
¥23.7B
Goodwill Amort.
—
¥558M
¥568M
¥504M
¥742M
Investing CF
¥-32.9B
¥-35.1B
¥-21.9B
¥-25.2B
¥-22.3B
CapEx
¥43.7B
¥40.2B
¥25.6B
¥20.4B
¥28.8B
Purchase Investments
—
¥-508M
¥-3M
¥-1.1B
¥-3.9B
Financing CF
¥-48.2B
¥-4.1B
¥-25.6B
¥-29.5B
¥-16.6B
Dividends Paid
—
¥-9.0B
¥-8.5B
¥-15.0B
¥-14.7B
Share Buybacks
—
¥-1M
¥-8.4B
¥-78.9B
¥-5M
LT Debt Repaid
—
¥-65.9B
¥-58.5B
¥-59.2B
¥-53.7B
Free Cash Flow
¥6.1B
¥11.3B
¥29.0B
¥23.4B
¥-7.7B
Net Change in Cash
—
¥12.8B
¥7.5B
¥-10.1B
¥-17.3B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.3%
4.3%
3.9%
5.0%
7.9%
ROA
1.1%
2.1%
1.9%
2.5%
4.0%
EPS
¥21.95
¥38.90
¥34.78
¥40.25
¥60.96
DPS
¥0.00
¥13.00
¥13.00
¥12.00
¥18.00
BPS
¥953.69
¥919.90
¥892.39
¥853.67
¥785.50
FCF/Share
—
¥16
¥42
¥33
¥-9
NCAV/Share
—
¥-35
¥-40
¥-64
¥31
Payout Ratio
0.0%
33.4%
37.4%
29.8%
29.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2026-01-26
Tecc Planning Co.,Ltd.
9.31%
-1.07%
change
Passive
—
2024-07-16
Tecc Planning Co.,Ltd.
7.65%
-1.68%
change
Passive
—
2024-07-16
Tecc Planning Co.,Ltd.
9.08%
-0.25%
change
Passive
—
2024-07-16
Tecc Planning Co.,Ltd.
9.33%
change
Passive
—
2024-07-16
Tecc Planning Co.,Ltd.
10.38%
+1.05%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
79,576
11.48%
2
TECH PLANNING CO.
株式会社テックプランニング
65,327
9.43%
3
山田 昇
31,903
4.60%
4
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
27,864
4.02%
5
Softbank Corp.
ソフトバンク株式会社
24,200
3.49%
6
JPモルガン証券株式会社
14,896
2.15%
7
The Gunma Bank, Ltd.
株式会社群馬銀行
12,000
1.73%
8
State Street Bank and Trust Company
ステート ストリート バンク アンド トラスト カンパニー 505001 (常任代理人 株式会社みずほ銀行決済営業部)
10,087
1.46%
9
JPMorgan Chase Bank, N.A.
ジェーピー モルガン チェース バンク 385781 (常任代理人 株式会社みずほ銀行決済営業部)
8,134
1.17%
10
Northern Trust Company
NORTHERN TRUST GLOBAL SERVICES SE,LUXEMBOURG RE LUDU RE: UCITS CLIENTS 15.315 PCT NON TREATY ACCOUNT (常任代理人 香港上海銀行東京支店 カストディ業務部)
7,856
1.13%
Domestic Nominees
15.5%
-0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.8%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.4%
+1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
16.28%
11.41%
11.48%
+0.07%
TECH PLANNING CO.
式会社テックプランニング
9.22%
9.44%
9.43%
-0.01%
山田 昇
4.08%
4.18%
4.60%
+0.42%
Japan Custody Bank
日本カストディ銀行
5.08%
4.20%
4.02%
-0.18%
Softbank Corp.
ソフトバンク
3.42%
3.50%
3.49%
-0.01%
JPモルガン証券
NEW ENTRY
—
—
—
2.15%
NEW
The Gunma Bank, Ltd.
式会社群馬銀行
1.69%
1.73%
1.73%
State Street
2.21%
2.20%
1.46%
-0.74%
JP Morgan
1.35%
1.15%
1.17%
+0.02%
Northern Trust
NEW ENTRY
—
—
—
1.13%
NEW
JPモルガン証券
last seen 2024
Exited Top 10
—
1.57%
—
式会社東和銀行
last seen 2023
Exited Top 10
0.99%
—
—
Concentration (HHI)
ⓘ
415
278
283
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,059M
Holdings
7
Held Company
FY2023
¥3,059M total
Book Val ¥M
Shares
Nice Corporation
ナイス(株)
2,862
2,100,000
THE TOWA BANK,LTD.
(株)東和銀行
149
274,800
M
Mizuho Financial Group, Inc.
(株)みずほフィナンシャルグループ
34
18,361
The Gunma Bank, Ltd.
(株)群馬銀行
14
33,600
M
繧ソ繧ォ繝ゥ繝ャ繝シ繝吶Φ荳榊虚逕」謚戊ウ�豕穂ココ
タカラレーベン不動産投資法人
—
Mitsubishi UFJ Financial Group, Inc.
(株)三菱UFJフィナンシャル・グループ
—
Sumitomo Mitsui Financial Group, Inc.
(株)三井住友フィナンシャルグループ
—
Portfolio total
3,059
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding
· Only one fiscal year available