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CVS Bay Area Inc. logo

CVS Bay Area Inc.

2687.T

JPXConsumer DefensiveGrocery Stores

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Latest quote

¥506

+¥1.00 · +0.20%

Aug 24, 2:17 PM JSTData delayed

2687.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

CVS Bay Area Inc., established in 1981 and based in Chiba, Japan, engages in a variety of business ventures. The company manages seven convenience stores operating under the Lawson brand across Japan, alongside eight hotels bearing the BAY HOTEL name. Additionally, it offers specialized support services, such as providing manned front desk, reception, and office management for corporate clients situated in condominiums. Its service portfolio also encompasses cleaning solutions for both convenience stores and condominium properties, as well as uniform logistics and management for corporate entities.

Industry
Grocery Stores
Sector
Consumer Defensive
Headquarters
JP
CEO
Mario Izumisawa
Listed since
Oct 2, 2002
Employees
184

Market position

Day range

Current ¥506

52-week range

Current ¥506

Open
¥504
Previous close
¥505
Volume
7.2K
1.36× average
Average volume
5.29K
Average daily volume
Market cap
2.5B JPY
Beta
0.28
Market reference 1
50-day average
¥489.66
+3.34% above average
200-day average
¥502.37
+0.72% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.34B JPY
P/E (TTM)
-2.28×
P/B (TTM)
0.79×
P/S (TTM)
0.32×
EV / EBITDA
14.43×
Earnings yield
-45.55%
Free cash flow yield
-7.09%
Dividend yield
3.95%

Profitability & efficiency

Gross margin
45.51%
Operating margin
2.10%
Net margin
-13.89%
Return on equity
-36.47%
Return on assets
-10.99%
Return on invested capital
1.37%

Financial health

Debt / equity
1.79×
Current ratio
0.86×
Altman Z-score
1.22
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%27%3%-20%Gross margin, FY2021: 29.38%Gross margin, FY2022: 37.13%Gross margin, FY2023: 42.97%Gross margin, FY2024: 44.67%Gross margin, FY2025: 44.23%Operating margin, FY2021: -4.48%Operating margin, FY2022: 1.18%Operating margin, FY2023: 6.47%Operating margin, FY2024: 5.39%Operating margin, FY2025: 1.65%Net margin, FY2021: -11.53%Net margin, FY2022: -0.20%Net margin, FY2023: 9.28%Net margin, FY2024: 14.36%Net margin, FY2025: -14.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.38%. Gross margin FY2022 37.13%. Gross margin FY2023 42.97%. Gross margin FY2024 44.67%. Gross margin FY2025 44.23%. Operating margin FY2021 -4.48%. Operating margin FY2022 1.18%. Operating margin FY2023 6.47%. Operating margin FY2024 5.39%. Operating margin FY2025 1.65%. Net margin FY2021 -11.53%. Net margin FY2022 -0.20%. Net margin FY2023 9.28%. Net margin FY2024 14.36%. Net margin FY2025 -14.42%.

Income trends

Revenue

7.9B JPY+1.01%

Operating income

130.05M JPY-69.18%

Net income

−1.14B JPY−2.26B JPY
Income trends across reported periods8.81B JPY5.19B JPY1.57B JPY−2.04B JPYRevenue, FY2021: 7.21B JPYRevenue, FY2022: 6.93B JPYRevenue, FY2023: 7.52B JPYRevenue, FY2024: 7.82B JPYRevenue, FY2025: 7.9B JPYOperating income, FY2021: −323M JPYOperating income, FY2022: 81.53M JPYOperating income, FY2023: 486.23M JPYOperating income, FY2024: 421.99M JPYOperating income, FY2025: 130.05M JPYNet income, FY2021: −831.52M JPYNet income, FY2022: −13.53M JPYNet income, FY2023: 697.62M JPYNet income, FY2024: 1.12B JPYNet income, FY2025: −1.14B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.21B JPY. Revenue FY2022 6.93B JPY. Revenue FY2023 7.52B JPY. Revenue FY2024 7.82B JPY. Revenue FY2025 7.9B JPY. Operating income FY2021 −323M JPY. Operating income FY2022 81.53M JPY. Operating income FY2023 486.23M JPY. Operating income FY2024 421.99M JPY. Operating income FY2025 130.05M JPY. Net income FY2021 −831.52M JPY. Net income FY2022 −13.53M JPY. Net income FY2023 697.62M JPY. Net income FY2024 1.12B JPY. Net income FY2025 −1.14B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue7.9B JPY7.82B JPY7.52B JPY6.93B JPY7.21B JPY
Cost of goods sold4.41B JPY4.33B JPY4.29B JPY4.35B JPY5.09B JPY
Gross profit3.5B JPY3.49B JPY3.23B JPY2.57B JPY2.12B JPY
Selling, general, and administrative3.37B JPY3.07B JPY2.75B JPY2.49B JPY2.44B JPY
Operating expenses3.37B JPY3.07B JPY2.75B JPY2.49B JPY2.44B JPY
Interest income3.7M JPY1.04M JPY19K JPY37K JPY5.15M JPY
Interest expense70.58M JPY49.12M JPY76.64M JPY31.91M JPY34.23M JPY
Depreciation and amortization309.3M JPY150.46M JPY157.03M JPY157.28M JPY162.51M JPY
Operating income130.05M JPY421.99M JPY486.23M JPY81.53M JPY−323M JPY
Net income−1.14B JPY1.12B JPY697.62M JPY−13.53M JPY−831.52M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
18.32

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates162.3123.53-115.25-254.03Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 11, 2024: actual 133.6, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 8, 2025: actual 20.97, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 10, 2025: actual 41.27, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 8, 2025: actual 9.33, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 9, 2025: actual -22.69, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 9, 2026: actual 7.83, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 13, 2026: actual -225.32, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 10, 2026: actual 18.32, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.16B2.03B1.91B1.78BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 11, 2024: actual 1.9B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 8, 2025: actual 2.06B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 10, 2025: actual 1.86B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 8, 2025: actual 2.08B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 9, 2025: actual 1.9B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 9, 2026: actual 2.03B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 13, 2026: actual 1.9B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 10, 2026: actual 2.06B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥23.00

2025 complete year+91.7% since 2021

2026 partial: ¥10.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

¥10.00

Semi-Annual

Record Aug 31, 2026 · Payment Aug 28, 2026

DividendUpcoming

Ex-dividend Feb 25, 2027

¥10.00

Semi-Annual

Record Feb 28, 2027 · Payment Feb 25, 2027

Dividend

Ex-dividend Feb 26, 2026

¥10.00

Semi-Annual

Record Feb 28, 2026 · Payment May 28, 2026

Dividend

Ex-dividend Aug 28, 2025

¥10.00

Semi-Annual

Record Aug 31, 2025 · Payment Nov 10, 2025

Dividend

Ex-dividend Feb 27, 2025

¥13.00

Semi-Annual

Record Feb 28, 2025 · Payment May 13, 2025

Dividend

Ex-dividend Aug 29, 2024

¥10.00

Semi-Annual

Record Aug 31, 2024 · Payment Nov 11, 2024

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