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Happiness and D Co.,Ltd. logo

Happiness and D Co.,Ltd.

3174.T

JPXConsumer CyclicalSpecialty Retail

Open in GoAI

Latest quote

¥402

−¥2.00 · -0.50%

Aug 24, 3:30 PM JST

3174.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Happiness and D Co.,Ltd., together with its subsidiaries, engages in the sale of jewelry, bullion products, and imported brand items in Japan and internationally. The company retails jewelry, such as rings, necklaces, earrings, bracelets, diamond and pearl jewelry, gold, platinum, and other bullion products; watches; bags, wallets, key cases, ties, sunglasses, perfumes, and tableware; and gift items, including belts, cufflinks, tie bars, kitchen and interior goods, stationery, and smoking accessories, etc. It also operates and manages select shops under Happiness and GINZA Happiness brand names; jewelry specialty stores; and an online store under the H and D Online Shop brand. In addition, the company develops original brand products under the H&D brand. Further, it manufactures jewelry, watches, bags, and accessories; wholesales jewelry products; and wholesales, imports, and exports precious metal products and accessories. Happiness and D Co.,Ltd. was founded in 1946 and is headquartered in Chuo, Japan.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
JP
CEO
Satoshi Maehara
Listed since
Jun 22, 2012
Employees
283

Market position

Day range

Current ¥402

52-week range

Current ¥402

Open
¥402
Previous close
¥404
Volume
15.7K
0.69× average
Average volume
22.77K
Average daily volume
Market cap
1.26B JPY
Beta
-0.05
Market reference 1
50-day average
¥416.74
-3.54% below average
200-day average
¥545.97
-26.37% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.9B JPY
P/E (TTM)
-1.93×
P/B (TTM)
3.55×
P/S (TTM)
0.15×
EV / EBITDA
-9.14×
Earnings yield
-44.48%
Free cash flow yield
5.89%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
40.60%
Operating margin
-3.21%
Net margin
-6.29%
Return on equity
-406.49%
Return on assets
-14.31%
Return on invested capital
-9.25%

Financial health

Debt / equity
10.66×
Current ratio
1.12×
Altman Z-score
1.28
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%25%5%-14%Gross margin, FY2021: 20.39%Gross margin, FY2022: 30.19%Gross margin, FY2023: 33.39%Gross margin, FY2024: 36.53%Gross margin, FY2025: 38.92%Operating margin, FY2021: -0.40%Operating margin, FY2022: 1.43%Operating margin, FY2023: -1.70%Operating margin, FY2024: -1.47%Operating margin, FY2025: -4.57%Net margin, FY2021: -0.69%Net margin, FY2022: 0.68%Net margin, FY2023: -5.24%Net margin, FY2024: -4.26%Net margin, FY2025: -9.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.39%. Gross margin FY2022 30.19%. Gross margin FY2023 33.39%. Gross margin FY2024 36.53%. Gross margin FY2025 38.92%. Operating margin FY2021 -0.40%. Operating margin FY2022 1.43%. Operating margin FY2023 -1.70%. Operating margin FY2024 -1.47%. Operating margin FY2025 -4.57%. Net margin FY2021 -0.69%. Net margin FY2022 0.68%. Net margin FY2023 -5.24%. Net margin FY2024 -4.26%. Net margin FY2025 -9.15%.

Income trends

Revenue

8.84B JPY-17.99%

Operating income

−404.21M JPY-155.48%

Net income

−808.61M JPY-76.14%
Income trends across reported periods19.86B JPY12.35B JPY4.83B JPY−2.69B JPYRevenue, FY2021: 17.98B JPYRevenue, FY2022: 13.28B JPYRevenue, FY2023: 12.74B JPYRevenue, FY2024: 10.78B JPYRevenue, FY2025: 8.84B JPYOperating income, FY2021: −71.86M JPYOperating income, FY2022: 190.01M JPYOperating income, FY2023: −216.8M JPYOperating income, FY2024: −158.22M JPYOperating income, FY2025: −404.21M JPYNet income, FY2021: −124.45M JPYNet income, FY2022: 89.87M JPYNet income, FY2023: −668.05M JPYNet income, FY2024: −459.06M JPYNet income, FY2025: −808.61M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 17.98B JPY. Revenue FY2022 13.28B JPY. Revenue FY2023 12.74B JPY. Revenue FY2024 10.78B JPY. Revenue FY2025 8.84B JPY. Operating income FY2021 −71.86M JPY. Operating income FY2022 190.01M JPY. Operating income FY2023 −216.8M JPY. Operating income FY2024 −158.22M JPY. Operating income FY2025 −404.21M JPY. Net income FY2021 −124.45M JPY. Net income FY2022 89.87M JPY. Net income FY2023 −668.05M JPY. Net income FY2024 −459.06M JPY. Net income FY2025 −808.61M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue8.84B JPY10.78B JPY12.74B JPY13.28B JPY17.98B JPY
Cost of goods sold5.4B JPY6.84B JPY8.49B JPY9.27B JPY14.32B JPY
Gross profit3.44B JPY3.94B JPY4.26B JPY4.01B JPY3.67B JPY
Selling, general, and administrative3.85B JPY4.1B JPY4.47B JPY3.82B JPY3.74B JPY
Operating expenses3.85B JPY4.1B JPY4.47B JPY3.82B JPY3.74B JPY
Interest income977K JPY113K JPY19K JPY31K JPY36K JPY
Interest expense35.99M JPY32.76M JPY30.71M JPY25.06M JPY24.32M JPY
Depreciation and amortization145.53M JPY175.6M JPY209.47M JPY205.83M JPY174.92M JPY
Operating income−404.21M JPY−158.22M JPY−216.8M JPY190.01M JPY−71.86M JPY
Net income−808.61M JPY−459.06M JPY−668.05M JPY89.87M JPY−124.45M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-41.82

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates62.08-12.8-87.69-162.57Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 15, 2024: actual -118.5, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 14, 2025: actual -60.5, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual -20.21, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual -89.82, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 15, 2025: actual -147.08, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual -59.68, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 46.59, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 15, 2026: actual -41.82, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.88B2.49B2.1B1.7BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 15, 2024: actual 2.4B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 14, 2025: actual 1.96B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual 2.77B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 1.98B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 15, 2025: actual 2.13B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 1.82B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 2.57B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 15, 2026: actual 1.95B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥15.00

2024 complete year-11.8% since 2021

Corporate action history

Dividend

Ex-dividend Feb 27, 2025

¥7.50

Semi-Annual

Record Feb 28, 2025 · Payment May 7, 2025

Dividend

Ex-dividend Aug 29, 2024

¥7.50

Semi-Annual

Record Aug 31, 2024 · Payment Nov 29, 2024

Dividend

Ex-dividend Feb 28, 2024

¥7.50

Semi-Annual

Record Feb 29, 2024 · Payment May 7, 2024

Dividend

Ex-dividend Aug 30, 2023

¥7.50

Semi-Annual

Record Aug 31, 2023 · Payment Nov 30, 2023

Dividend

Ex-dividend Feb 27, 2023

¥7.50

Semi-Annual

Record Feb 28, 2023 · Payment May 8, 2023

Dividend

Ex-dividend Aug 30, 2022

¥7.50

Semi-Annual

Record Aug 31, 2022 · Payment Nov 30, 2022

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