7453 JP

Ryohin Keikaku Co Ltd

Consumer


Presented:10/27/2015
Price:¥24,200.00
Cap:$5.38B
Current Price:¥2,673.00
Cap:$5.91B

Presented

Date10/27/2015
Price¥24,200.00
Market Cap$5.38B
Ent Value$5.83B
P/E Ratio31.97x
Book Value¥5,130.69
Div Yield0%
Shares O/S26.63M
Ave Daily Vol416,141
Short IntN/A

Current

Price¥2,673.00
Market Cap$5.91B
Ryohin Keikaku Co., Ltd. engages in the operation of exclusive stores of MUJI. It operates through the following segments: Directly Managed Domestic Business, Domestic Wholesale Business, European Business, Asian Business, Other Local Business, and Others. The Directly Managed Domestic Business segment includes retail sales business at directly managed domestic stores and online stores. The Domestic Wholesale Business segment deals with wholesale business to domestic licensed companies. The European Business segment operates stores in the European region. The Asian Business segment pertains to the sales of products in Asian region. The Other Local Business segment refers to the sales in regions other than Europe and Asia. The Others segment includes overseas wholesales, dining, campsite, housing sales, logistic, and IDEE business. The company was founded on May 18, 1979 and is headquartered in Tokyo, Japan.

This idea was presented at the Excellence in Investing Conference, San Francisco on 10/27/2015.
Publicly traded companies mentioned herein: Fast Retailing Co Ltd (9983 JP), Ryohin Keikaku Co Ltd (7453 JP)

Highlights

Ryohin Keikaku, better known as Muji, the Japanese general merchandise company, is attractively valued at present levels (~24,000 JPY) and the presenter is long the stock. He highlights Muji’s slow and deliberate growth strategy in the past as paving the path for strong and sustainable expansion moving forward. The Chinese market would prove particularly important if his thesis proves correct. He believes there is in excess of 90% upside.

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Idea Discussion

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