Hard Off Corporation Co.,Ltd. logo

Hard Off Corporation Co.,Ltd.

2674.T

JPXConsumer CyclicalSpecialty Retail

Latest quote

¥2,704

−¥21.00 · -0.77%

Aug 24, 1:29 PM JST

2674.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Hard Off Corporation Co.,Ltd. operates reuse shops in Japan. It operates through Reuse Business and FC Business segments. The company’s shops offer TVs, audio and video products, computers, games, watches, cameras, smartphones, tablets, sets and power tools, and musical instruments; CDs, DVDs, and vinyl records; furniture and interior, and home appliances; women, men, and kids and baby clothing; shoes, bags, accessories, and towels; gold and platinum jewelry; fashion accessories; sports goods and camping outdoors; gifts and toys; trading cards, figures, mini cars and railroad models, plastic models, radio control products, and gun military goods; car audio, seats, car parts, tire and wheel products, and bicycles; books, comics, novels, and magazines; and wine, champagne, brandy, whiskey, beer, sake, and shochu products, as well as glasses and sake cups. It operates its shops under the Hard Off, Off House, Hobby Off, Garage Off, Mode Off, Liquor Off, Book ON, and Book Off brand names. It also operates directly operated and franchised stores. The company was formerly known as Sound Hokuetsu Co., Ltd. and changed its name to Hard Off Corporation Co.,Ltd. in 1995. Hard Off Corporation Co.,Ltd. was incorporated in 1972 and is headquartered in Shibata, Japan.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
JP
CEO
Taro Yamamoto
Listed since
Feb 10, 2004
Employees
1,040

Market position

Day range

Current ¥2,704

52-week range

Current ¥2,704

Open
¥2,734
Previous close
¥2,725
Volume
52.7K
0.79× average
Average volume
66.99K
Average daily volume
Market cap
37.62B JPY
Beta
0.25
Market reference 1
50-day average
¥2,723.56
-0.72% below average
200-day average
¥2,225.36
+21.51% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
30.19B JPY
P/E (TTM)
10.96×
P/B (TTM)
1.89×
P/S (TTM)
0.9×
EV / EBITDA
6.42×
Earnings yield
9.28%
Free cash flow yield
4.39%
Dividend yield
3.14%

Profitability & efficiency

Gross margin
67.93%
Operating margin
8.74%
Net margin
8.20%
Return on equity
12.46%
Return on assets
7.97%
Return on invested capital
8.64%

Financial health

Debt / equity
0.33×
Current ratio
1.89×
Altman Z-score
4.53
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends75%49%24%-2%Gross margin, FY2021: 68.73%Gross margin, FY2022: 68.76%Gross margin, FY2023: 68.62%Gross margin, FY2024: 68.58%Gross margin, FY2025: 68.02%Operating margin, FY2021: 6.25%Operating margin, FY2022: 8.55%Operating margin, FY2023: 9.31%Operating margin, FY2024: 9.60%Operating margin, FY2025: 8.62%Net margin, FY2021: 4.25%Net margin, FY2022: 6.12%Net margin, FY2023: 6.95%Net margin, FY2024: 6.90%Net margin, FY2025: 6.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 68.73%. Gross margin FY2022 68.76%. Gross margin FY2023 68.62%. Gross margin FY2024 68.58%. Gross margin FY2025 68.02%. Operating margin FY2021 6.25%. Operating margin FY2022 8.55%. Operating margin FY2023 9.31%. Operating margin FY2024 9.60%. Operating margin FY2025 8.62%. Net margin FY2021 4.25%. Net margin FY2022 6.12%. Net margin FY2023 6.95%. Net margin FY2024 6.90%. Net margin FY2025 6.41%.

Income trends

Revenue

39.28B JPY+17.14%

Operating income

3.39B JPY+5.25%

Net income

2.52B JPY+8.86%
Income trends across reported periods43.1B JPY27.81B JPY12.51B JPY−2.78B JPYRevenue, FY2021: 24.51B JPYRevenue, FY2022: 27.04B JPYRevenue, FY2023: 30.11B JPYRevenue, FY2024: 33.53B JPYRevenue, FY2025: 39.28B JPYOperating income, FY2021: 1.53B JPYOperating income, FY2022: 2.31B JPYOperating income, FY2023: 2.8B JPYOperating income, FY2024: 3.22B JPYOperating income, FY2025: 3.39B JPYNet income, FY2021: 1.04B JPYNet income, FY2022: 1.65B JPYNet income, FY2023: 2.09B JPYNet income, FY2024: 2.31B JPYNet income, FY2025: 2.52B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 24.51B JPY. Revenue FY2022 27.04B JPY. Revenue FY2023 30.11B JPY. Revenue FY2024 33.53B JPY. Revenue FY2025 39.28B JPY. Operating income FY2021 1.53B JPY. Operating income FY2022 2.31B JPY. Operating income FY2023 2.8B JPY. Operating income FY2024 3.22B JPY. Operating income FY2025 3.39B JPY. Net income FY2021 1.04B JPY. Net income FY2022 1.65B JPY. Net income FY2023 2.09B JPY. Net income FY2024 2.31B JPY. Net income FY2025 2.52B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue39.28B JPY33.53B JPY30.11B JPY27.04B JPY24.51B JPY
Cost of goods sold12.56B JPY10.53B JPY9.45B JPY8.45B JPY7.66B JPY
Gross profit26.72B JPY23B JPY20.66B JPY18.59B JPY16.84B JPY
Selling, general, and administrative23.33B JPY19.78B JPY17.85B JPY16.28B JPY15.31B JPY
Operating expenses23.33B JPY19.78B JPY17.85B JPY16.28B JPY15.31B JPY
Interest expense63.72M JPY17.63M JPY9.83M JPY8.51M JPY11.25M JPY
Depreciation and amortization1.12B JPY855.6M JPY669.24M JPY574.13M JPY522.46M JPY
Operating income3.39B JPY3.22B JPY2.8B JPY2.31B JPY1.53B JPY
Net income2.52B JPY2.31B JPY2.09B JPY1.65B JPY1.04B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
104.71

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates111.0581.2551.4621.67Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 25.49, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 51.31, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 41.7, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 39.15, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 27.43, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 61.65, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 52.96, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 104.71, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates11.7B10.28B8.86B7.43BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 7.88B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 8.64B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 8.73B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 8.65B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 8.6B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 10.94B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 11.08B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 11.25B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥78.00

2025 complete year+122.9% since 2021

2026 partial: ¥85.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥92.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥85.00

Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Mar 28, 2025

¥78.00

Annual

Record Mar 31, 2025 · Payment Jun 25, 2025

Dividend

Ex-dividend Mar 28, 2024

¥76.00

Annual

Record Mar 31, 2024 · Payment Jun 24, 2024

Dividend

Ex-dividend Mar 30, 2023

¥60.00

Annual

Record Mar 31, 2023 · Payment Jun 23, 2023

Dividend

Ex-dividend Mar 30, 2022

¥35.00

Special

Record Mar 31, 2022 · Payment Jun 23, 2022

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