Today I will talk about Hard Off Corporation, which sells used goods nationwide.
※The above images are from Hard Off Corporation’s website
The Hard Off Group mainly purchases a wide variety of goods from individuals.
After inspection, the items are repaired or cleaned up, and sold at stores as second-hand items.
The main stores and items are as follows.
HARD OFF - Purchase and sale of used AV equipment, PCs, and musical instruments
OFF HOUSE - Purchase and sale of used clothes, shoes, brand goods, and accessories
Hobby OFF - Purchase and sale of used toys, stuffed animals, hobbies, etc.
MODE OFF - Purchase and sale of brand goods and accessories
BOOK OFF- Purchase and sale of books, DVDs, CDs, game software, etc.
￥619（3/13 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 6.46% PER 13.91 PBR 0.63
Equity ratio 83.1%
If you actually visit the stores, you can see it yourself that, many people bring in goods one after another and wait for the appraisal price, but it seems that they calculate the assessed value based on a database of 150,000 items, so the
appraisal price is given surprisingly quickly to customers selling their items.
In recent years, online purchases and sales have increased, and it seems that inventory management in warehouses has become more efficient.
In addition, it seems that Japanese reuse culture has become widespread not only in Japan but also in the United States, throughout Asia, and other countries around the world.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
18,263 |
1,450 |
910 |
67.6 |
40 |
59% |
|
2018.3 |
18,520 |
1,249 |
565 |
42.0 |
40 |
95% |
|
2019.3 |
18,869 |
1,026 |
493 |
36.6 |
40 |
109% |
|
2020.3 |
19,700 |
1,050 |
680 |
50.4 |
40 |
79% |
※Unit of sales, operating profit, net income is one million yen
※The figure for march 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
471 |
1,535 |
|
CF investing activities |
▲798 |
▲172 |
|
CF financing activities |
▲758 |
▲729 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.