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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Ryohin Keikaku Co., Ltd.    7453   JP3976300008

RYOHIN KEIKAKU CO., LTD.

(7453)
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Muji's U.S. business seeks bankruptcy protection over coronavirus

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07/10/2020 | 09:39am EDT
Woman walks outside a newly opened Muji store at a shopping mall in Hangzhou

Minimalist lifestyle brand Muji's U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.

Ryohin Keikaku said Muji aims to close unprofitable stores and renegotiate rents in the United States, where its 18 stores have been closed since mid-March due to the pandemic.

The outbreak has inflicted widespread financial pain on global retailers, leading many such as J. Crew Group and Brooks Brothers to file for bankruptcy protection.

Ryohin Keikaku said the U.S. filing will not affect its operations in other markets.

But the business has also been hit by store closures and weak consumer spending in its main market, Japan.

Separately on Friday, Ryohin Keikaku reported an operating loss of 2.9 billion yen ($27.2 million) for the quarter through May.

($1 = 106.8300 yen)

(Reporting by Ritsuko Ando; Editing by Richard Pullin)

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Financials
Sales 2021 432 B 4 075 M 4 075 M
Net income 2021 18 809 M 177 M 177 M
Net cash 2021 37 213 M 351 M 351 M
P/E ratio 2021 17,2x
Yield 2021 2,21%
Capitalization 330 B 3 104 M 3 106 M
EV / Sales 2021 0,68x
EV / Sales 2022 0,61x
Nbr of Employees 9 615
Free-Float 86,0%
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Technical analysis trends RYOHIN KEIKAKU CO., LTD.
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TrendsBearishNeutralNeutral
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 1 785,00 JPY
Last Close Price 1 253,00 JPY
Spread / Highest target 131%
Spread / Average Target 42,5%
Spread / Lowest Target -12,2%
EPS Revisions
Managers
NameTitle
Satoru Matsuzaki President & Representative Director
Masaaki Kanai Chairman
Yuki Yamamoto Head-Research & Technology
Nobuo Domae Senior MD, GM-Sales & Head-Information System
Isao Endo Independent Outside Director
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