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Adjuvant Holdings Co.,Ltd. logo

Adjuvant Holdings Co.,Ltd.

4929.T

JPXConsumer DefensiveHousehold & Personal Products

Open in GoAI

Latest quote

¥740

+¥2.00 · +0.27%

Aug 24, 3:30 PM JST

4929.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Adjuvant Holdings Co.,Ltd. is a Japanese enterprise actively engaged in the entire process of cosmetics, from their research and development to their manufacturing and marketing within the nation. The company boasts a comprehensive catalog of products, encompassing a wide array of skincare items like cleansers, face washes, toners, serums, masks, hydrating creams, makeup bases, various makeup products, and body care formulations. Its hair care segment offers diverse solutions including shampoos, conditioners, scalp treatments, and styling aids, alongside other specialized products. Adjuvant Holdings predominantly serves professional establishments, such as hairdressing salons, barber shops, and beauty clinics. Established in 1990 with its headquarters in Kobe, Japan, the firm operated under the name Adjuvant Cosme Japan Co.,Ltd. until it officially adopted its current identity in September 2021.

Industry
Household & Personal Products
Sector
Consumer Defensive
Headquarters
JP
CEO
Yutaka Nakamura
Listed since
Dec 13, 2012
Employees
123

Market position

Day range

Current ¥740

52-week range

Current ¥740

Open
¥738
Previous close
¥738
Volume
2.2K
0.41× average
Average volume
5.34K
Average daily volume
Market cap
5.92B JPY
Beta
0.31
Market reference 1
50-day average
¥732.72
+0.99% above average
200-day average
¥759.29
-2.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.9B JPY
P/E (TTM)
30.67×
P/B (TTM)
1.41×
P/S (TTM)
1.52×
EV / EBITDA
14.98×
Earnings yield
2.38%
Free cash flow yield
1.85%
Dividend yield
1.62%

Profitability & efficiency

Gross margin
66.60%
Operating margin
5.82%
Net margin
4.94%
Return on equity
3.39%
Return on assets
2.78%
Return on invested capital
2.36%

Financial health

Debt / equity
0×
Current ratio
6.76×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends74%46%19%-9%Gross margin, FY2021: 66.45%Gross margin, FY2022: 66.61%Gross margin, FY2023: 64.45%Gross margin, FY2024: 64.79%Gross margin, FY2025: 67.21%Operating margin, FY2021: 8.82%Operating margin, FY2022: 5.32%Operating margin, FY2023: -0.03%Operating margin, FY2024: 3.09%Operating margin, FY2025: 4.48%Net margin, FY2021: 8.88%Net margin, FY2022: 9.22%Net margin, FY2023: -2.25%Net margin, FY2024: 0.99%Net margin, FY2025: 3.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 66.45%. Gross margin FY2022 66.61%. Gross margin FY2023 64.45%. Gross margin FY2024 64.79%. Gross margin FY2025 67.21%. Operating margin FY2021 8.82%. Operating margin FY2022 5.32%. Operating margin FY2023 -0.03%. Operating margin FY2024 3.09%. Operating margin FY2025 4.48%. Net margin FY2021 8.88%. Net margin FY2022 9.22%. Net margin FY2023 -2.25%. Net margin FY2024 0.99%. Net margin FY2025 3.75%.

Income trends

Revenue

3.81B JPY-6.94%

Operating income

170.72M JPY+34.85%

Net income

142.98M JPY+251.06%
Income trends across reported periods4.89B JPY3.08B JPY1.26B JPY−553.67M JPYRevenue, FY2021: 4.43B JPYRevenue, FY2022: 4.38B JPYRevenue, FY2023: 4.44B JPYRevenue, FY2024: 4.1B JPYRevenue, FY2025: 3.81B JPYOperating income, FY2021: 390.36M JPYOperating income, FY2022: 232.69M JPYOperating income, FY2023: −1.43M JPYOperating income, FY2024: 126.6M JPYOperating income, FY2025: 170.72M JPYNet income, FY2021: 393.18M JPYNet income, FY2022: 403.64M JPYNet income, FY2023: −99.87M JPYNet income, FY2024: 40.73M JPYNet income, FY2025: 142.98M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.43B JPY. Revenue FY2022 4.38B JPY. Revenue FY2023 4.44B JPY. Revenue FY2024 4.1B JPY. Revenue FY2025 3.81B JPY. Operating income FY2021 390.36M JPY. Operating income FY2022 232.69M JPY. Operating income FY2023 −1.43M JPY. Operating income FY2024 126.6M JPY. Operating income FY2025 170.72M JPY. Net income FY2021 393.18M JPY. Net income FY2022 403.64M JPY. Net income FY2023 −99.87M JPY. Net income FY2024 40.73M JPY. Net income FY2025 142.98M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue3.81B JPY4.1B JPY4.44B JPY4.38B JPY4.43B JPY
Cost of goods sold1.25B JPY1.44B JPY1.58B JPY1.46B JPY1.49B JPY
Gross profit2.56B JPY2.66B JPY2.86B JPY2.92B JPY2.94B JPY
Research and development——179M JPY181M JPY—
Selling, general, and administrative2.39B JPY—2.68B JPY2.68B JPY—
Operating expenses2.39B JPY2.53B JPY2.86B JPY2.68B JPY2.55B JPY
Interest income5.82M JPY1.81M JPY1.08M JPY1.28M JPY3.85M JPY
Depreciation and amortization89.67M JPY115.37M JPY125.41M JPY108.85M JPY110.43M JPY
Operating income170.72M JPY126.6M JPY−1.43M JPY232.69M JPY390.36M JPY
Net income142.98M JPY40.73M JPY−99.87M JPY403.64M JPY393.18M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
7.66

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates25.6913.561.44-10.69Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 18, 2024: actual 0.58, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 17, 2025: actual 10.98, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 18, 2025: actual -8.18, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 18, 2025: actual 1.41, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 17, 2025: actual 0.583, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 16, 2026: actual 23.18, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 17, 2026: actual -7.31, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 17, 2026: actual 7.66, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.32B1.09B866.45M641.36MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 18, 2024: actual 1.02B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 17, 2025: actual 1.17B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 18, 2025: actual 847.29M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 18, 2025: actual 958.11M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 17, 2025: actual 897.87M JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 16, 2026: actual 1.27B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 17, 2026: actual 692M JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 17, 2026: actual 1.05B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Aug 16, 2013

2:1

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