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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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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/18
2330 JPY   +0.69%
01/11Drug makers help Nikkei scale fresh 3-decade high
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01/05RYOHIN KEIKAKU CO., LTD. : quaterly earnings release
2020RYOHIN KEIKAKU CO., LTD. : half-yearly earnings release
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Ryohin Keikaku : Muji-brand operator failed to pay 7.5 bil. yen in tax

03/18/2020 | 07:13am EST

The operator of the Muji-brand goods store chain failed to pay 7.5 billion yen ($69 million) in income tax in the three years through February 2017, sources close to the matter said Wednesday.

The Tokyo Regional Taxation Bureau has judged that Ryohin Keikaku Co. transferred income to China that was subject to taxation in Japan, the sources said.

The company, which sells items ranging from furniture to kitchenware under the Muji brand, has been ordered to pay the tax as well as penalties of around 2.1 billion yen, the sources said.

"We have decided to pay the tax," it said in a statement, while adding its view regarding double taxation differed from that of the tax bureau.

The company said it has requested the Japanese and Chinese tax authorities to hold bilateral talks to avoid double taxation in the future.

According to the sources, Ryohin Keikaku set lower product prices and license fees for its subsidiary in China.

The tax bureau is believed to have concluded that such a practice reduced the profits that Ryohin Keikaku booked in Japan, resulting in a lower tax payment, the sources said.

Ryohin Keikaku has outlets in over 20 countries and regions. It operates 256 stores in China, its biggest overseas market.

The company posted operating revenue of around 75 billion yen in China in the year through February 2019. In Japan, the company booked revenue of around 246.2 billion yen in that year.

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials
Sales 2021 458 B 4 402 M 4 402 M
Net income 2021 27 780 M 267 M 267 M
Net cash 2021 36 652 M 352 M 352 M
P/E ratio 2021 22,0x
Yield 2021 1,63%
Capitalization 613 B 5 911 M 5 892 M
EV / Sales 2021 1,26x
EV / Sales 2022 1,17x
Nbr of Employees 9 046
Free-Float 81,2%
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Technical analysis trends RYOHIN KEIKAKU CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 2 489,38 JPY
Last Close Price 2 330,00 JPY
Spread / Highest target 24,5%
Spread / Average Target 6,84%
Spread / Lowest Target -31,3%
EPS Revisions
Managers and Directors
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
Sector and Competitors