GoAI
Get started
Verite Co., Ltd. logo

Verite Co., Ltd.

9904.T

JPXConsumer CyclicalSpecialty Retail

Open in GoAI

Latest quote

¥242

¥0.00 · 0.00%

Aug 24, 1:24 PM JSTData delayed

9904.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating a network of jewelry retail outlets across Japan, Verite Co., Ltd. manages brands including Vérité, Maharaja Diamond, Velicia, and Mimikazari. These establishments provide customers with a diverse selection of products, ranging from fine jewelry and gemstones to precious metals, timepieces, and various fashion accessories. Founded in 1936, the company was formerly known as Jewel Verite Ohkubo Co., Ltd. before officially adopting its current name, Verite Co., Ltd., in August 2005. Its corporate headquarters are situated in Yokohama, Japan, and it operates as a subsidiary of Jewel Source Japan Holdings Co. Ltd.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
JP
CEO
Jhaveri Arpan Kirtikumar
Listed since
Jan 4, 2001
Employees
505

Market position

Day range

Current ¥242

52-week range

Current ¥242

Open
¥240
Previous close
¥242
Volume
7.9K
0.15× average
Average volume
52.19K
Average daily volume
Market cap
6.57B JPY
Beta
0.06
Market reference 1
50-day average
¥233.68
+3.56% above average
200-day average
¥338.19
-28.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.9B JPY
P/E (TTM)
16.06×
P/B (TTM)
1.55×
P/S (TTM)
0.67×
EV / EBITDA
15.09×
Earnings yield
2.99%
Free cash flow yield
9.08%
Dividend yield
5.57%

Profitability & efficiency

Gross margin
64.71%
Operating margin
8.27%
Net margin
4.16%
Return on equity
7.63%
Return on assets
3.79%
Return on invested capital
6.81%

Financial health

Debt / equity
0.52×
Current ratio
1.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends77%50%23%-3%Gross margin, FY2021: 70.16%Gross margin, FY2022: 69.92%Gross margin, FY2023: 68.40%Gross margin, FY2024: 67.74%Gross margin, FY2025: 65.08%Operating margin, FY2021: 10.66%Operating margin, FY2022: 12.24%Operating margin, FY2023: 11.21%Operating margin, FY2024: 11.02%Operating margin, FY2025: 7.43%Net margin, FY2021: 6.38%Net margin, FY2022: 7.16%Net margin, FY2023: 6.57%Net margin, FY2024: 7.16%Net margin, FY2025: 3.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.16%. Gross margin FY2022 69.92%. Gross margin FY2023 68.40%. Gross margin FY2024 67.74%. Gross margin FY2025 65.08%. Operating margin FY2021 10.66%. Operating margin FY2022 12.24%. Operating margin FY2023 11.21%. Operating margin FY2024 11.02%. Operating margin FY2025 7.43%. Net margin FY2021 6.38%. Net margin FY2022 7.16%. Net margin FY2023 6.57%. Net margin FY2024 7.16%. Net margin FY2025 3.41%.

Income trends

Revenue

9.44B JPY+18.80%

Operating income

701M JPY-19.98%

Net income

322M JPY-43.41%
Income trends across reported periods10.35B JPY6.71B JPY3.06B JPY−589.9M JPYRevenue, FY2021: 7.27B JPYRevenue, FY2022: 7.62B JPYRevenue, FY2023: 7.64B JPYRevenue, FY2024: 7.95B JPYRevenue, FY2025: 9.44B JPYOperating income, FY2021: 775M JPYOperating income, FY2022: 932M JPYOperating income, FY2023: 856M JPYOperating income, FY2024: 876M JPYOperating income, FY2025: 701M JPYNet income, FY2021: 464M JPYNet income, FY2022: 545M JPYNet income, FY2023: 502M JPYNet income, FY2024: 569M JPYNet income, FY2025: 322M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.27B JPY. Revenue FY2022 7.62B JPY. Revenue FY2023 7.64B JPY. Revenue FY2024 7.95B JPY. Revenue FY2025 9.44B JPY. Operating income FY2021 775M JPY. Operating income FY2022 932M JPY. Operating income FY2023 856M JPY. Operating income FY2024 876M JPY. Operating income FY2025 701M JPY. Net income FY2021 464M JPY. Net income FY2022 545M JPY. Net income FY2023 502M JPY. Net income FY2024 569M JPY. Net income FY2025 322M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue9.44B JPY7.95B JPY7.64B JPY7.62B JPY7.27B JPY
Cost of goods sold3.3B JPY2.56B JPY2.41B JPY2.29B JPY2.17B JPY
Gross profit6.14B JPY5.38B JPY5.23B JPY5.33B JPY5.1B JPY
Selling, general, and administrative5.44B JPY4.51B JPY4.37B JPY4.39B JPY4.33B JPY
Operating expenses5.44B JPY4.51B JPY4.37B JPY4.39B JPY4.33B JPY
Interest expense25M JPY12M JPY7M JPY7M JPY6M JPY
Depreciation and amortization116M JPY118M JPY117M JPY95M JPY92M JPY
Operating income701M JPY876M JPY856M JPY932M JPY775M JPY
Net income322M JPY569M JPY502M JPY545M JPY464M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
11.87
FY2025 · -43.40% year over year
Latest fiscal-year revenue
9.44B JPY
FY2025 · +18.80% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend21.8818.2414.610.96FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend9.66B8.79B7.92B7.05BFY21FY22FY23FY24FY25

9904.T peers

Toyota Motor Corp. logo

7203.T

Toyota Motor Corp.

¥3,124

-0.26%

Fast Retailing Co., Ltd. logo

9983.T

Fast Retailing Co., Ltd.

¥73,120

-0.53%

Honda Motor Co., Ltd. logo

7267.T

Honda Motor Co., Ltd.

¥1,739.5

-0.77%

Sumitomo Electric Industries, Ltd. logo

5802.T

Sumitomo Electric Industries, Ltd.

¥2,160

-0.85%

Bridgestone Corporation logo

5108.T

Bridgestone Corporation

¥4,144

+0.66%

Oriental Land Co., Ltd. logo

4661.T

Oriental Land Co., Ltd.

¥2,988

-0.63%

Continue in GoAI

Research 9904.T

research.disclaimer