Breaking Down Seria Co., Ltd. Financial Health: Key Insights for Investors

Dive into a data-driven look at Seria Co., Ltd. (2782.T): the company posted net sales of ¥236.33 billion for the fiscal year ended March 31, 2025 (up 5.9%), with TTM revenue of ¥238.71 billion as of June 30, 2025 (down 1.01%); first-quarter FY2025 sales rose 4.1% and revenue per share TTM sits at ¥3,141.00 while quarterly revenue growth reached 6.10%. Profitability shows net income of ¥11.22 billion (up 14.2%), operating margin of 7.63%, ROE of 10.39% (versus an industry average of 12.75%), TTM net profit margin of 4.75% and quarterly earnings growth of 31.50% with latest-quarter EPS at ¥41.91 (consensus ¥31.65). The balance sheet and capital actions are notable: debt-to-equity 0%, cash and short-term investments of ¥62.4 billion, total equity ¥108.2 billion, total assets ¥138.5 billion, and an equity buyback on July 15, 2025 repurchasing 12,567,900 shares for ¥25.14 billion. Valuation and liquidity metrics include a trailing P/E of 18.64, forward P/E 19.37, P/B 1.94, EV/EBITDA 6.27, market cap of ¥217.4 billion, dividend yield 2.25% with payout ratio 160.56%, operating cash flow ¥16.0 billion and free cash flow ¥3.7 billion, while risk signals include modest revenue deceleration, ROE below peers and a high payout ratio; read on for a full breakdown of these figures and what they mean for investors.

Seria Co., Ltd. (2782.T) - Revenue Analysis

Seria Co., Ltd. (2782.T) reported continued top-line expansion in fiscal year 2025 with mixed short-term momentum in trailing measures. Key numerical takeaways outline the company's sales scale, recent growth, and valuation context.

• Fiscal year ended March 31, 2025: Net sales ¥236.33 billion (+5.9% year-over-year).
• Q1 FY2025: Net sales increased 4.1% versus Q1 prior year.
• TTM revenue as of June 30, 2025: ¥238.71 billion (down 1.01% from prior TTM period).
• Revenue per share (TTM): ¥3,141.00.
• Quarterly revenue growth: 6.10% (most recent quarter on comparable quarterly basis).
• Market capitalization (late 2025): ¥217.4 billion.
• Price-to-sales (P/S) ratio: 0.89.

The relationship between revenue and valuation indicates Seria generates substantial sales relative to its market value (P/S 0.89), while TTM revenue softness (-1.01%) contrasts with positive quarterly growth (6.10%), signaling short-term variability within an otherwise growing fiscal-year picture.

• Investors watching near-term momentum should monitor quarterly same-store trends and inventory/seasonality impacts that can produce TTM smoothing effects.
• On a per-share basis, ¥3,141.00 of revenue TTM provides a clear per-share scale for valuation sensitivity to sales changes.

For additional investor context on ownership, trading and stakeholder dynamics, see: Exploring Seria Co., Ltd. Investor Profile: Who's Buying and Why?

Seria Co., Ltd. (2782.T) - Profitability Metrics

• Net income (FY2025): ¥11.22 billion - +14.2% year-over-year.
• Operating profit (FY2025): increased by 11.3% year-over-year.
• TTM net profit margin: 4.75% with quarterly earnings growth of 31.50%.
• ROE (FY2025): 10.39% (up from 9.63% in FY2024).
• Operating margin: 7.63%.
• Latest quarter EPS: ¥41.91 vs. forecast ¥31.65.

• Drivers of improvement: same-store sales resilience, merchandise mix optimization, and tighter SG&A control contributing to operating margin expansion.
• Investor implications: EPS beat and rising ROE support valuation re-rating potential; monitor sustainability of quarterly earnings growth and margin maintenance.
• Near-term watchpoints: commodity and lease cost trends, macro consumer spending in Japan, and execution on store-level profitability.

Seria Co., Ltd. (2782.T) - Debt vs. Equity Structure

• Debt-to-equity ratio: 0% (no outstanding interest-bearing debt recorded).
• Total shareholder equity: ¥108.2 billion.
• Total assets: ¥138.5 billion.
• Total liabilities: ¥30.3 billion (low leverage relative to assets).
• Capital adequacy ratio (equity / assets): 78.1%.
• Interest coverage ratio: -486.1x (reflecting negligible interest expense given lack of debt).
• Equity buyback (15 July 2025): 12,567,900 shares repurchased for ¥25.14 billion.

• Capital strength: Equity represents 78.1% of assets, supporting balance-sheet resilience and flexibility for dividends, buybacks, or opportunistic investments.
• Risk profile: With a 0% debt-to-equity ratio and low liabilities-to-assets, financial risk from interest-rate shocks or refinancing is minimal.
• Shareholder returns: The ¥25.14 billion buyback (12,567,900 shares) materially reduced outstanding equity, likely boosting per-share metrics.
• Operational implications: Negative interest coverage stems from negligible interest expense rather than operating underperformance; operating cash flows and profitability metrics should be reviewed alongside these balance-sheet strengths.

Seria Co., Ltd. (2782.T) - Liquidity and Solvency

• Cash & short-term investments: ¥62.4 billion
• Total assets: ¥138.5 billion
• Total liabilities: ¥30.3 billion
• Quick ratio: 2.5x
• Operating cash flow: ¥16.0 billion
• Free cash flow: ¥3.7 billion
• Interest coverage ratio: -486.1x (reflecting absence of interest-bearing debt)

• Solvency position: equity-heavy balance sheet (assets ¥138.5B vs liabilities ¥30.3B) implies substantial shareholder equity and low financial risk.
• Liquidity posture: ¥62.4B in cash and short-term investments plus a 2.5x quick ratio supports working capital cycles and provides flexibility for strategic initiatives.
• Cash-flow dynamics: ¥16.0B operating cash flow with ¥3.7B free cash flow indicates the company converts earnings into spendable cash after capex.
• Debt profile: effectively no interest-bearing debt as signaled by the anomalous interest coverage ratio (-486.1x), reducing solvency stress from interest obligations.

Seria Co., Ltd. (2782.T) - Valuation Analysis

• Trailing P/E (7/5/2025): 18.64
• Forward P/E (7/5/2025): 19.37
• Price-to-Book: 1.94
• EV/Revenue: 0.58
• EV/EBITDA: 6.27
• Market Capitalization (late 2025): ¥217.4 billion
• Dividend Yield: 2.25% - Payout Ratio: 160.56%

• Relative strength: Low EV/Revenue and EV/EBITDA imply the market prices Seria efficiently relative to sales and operating cash flow, offering an entry that looks reasonable versus peers on enterprise multiples.
• Potential concern: P/E in the high teens combined with a payout ratio above 100% signals dividends may be funded by non-recurring items, reserves, or cash flow rather than sustainable net income.
• Balance-sheet context: P/B ~1.94 indicates investor willingness to pay a premium for intangibles, brand, store network and operating efficiency compared with book equity.

Seria Co., Ltd. (2782.T) - Risk Factors

• Interest coverage ratio: -486.1x - reflects effectively no interest-bearing debt; while this removes financing cost risk, it also signals limited access to leverage for expansion or acquisitions.
• Debt-to-equity ratio: 0% - zero reported leverage improves solvency but may constrain capital-efficient growth opportunities that use debt financing.
• TTM revenue change: -1.01% - trailing twelve months revenue declined slightly, flagging potential near-term top-line pressure.
• Return on equity (ROE): 10.39% vs industry average 12.75% - below-peer profitability on shareholder equity, suggesting operational or capital-efficiency gaps.
• Enterprise value / EBITDA (EV/EBITDA): 6.27 - a valuation multiple that may be higher than some peers, indicating less margin for valuation downside if earnings weaken.

• Key investor considerations:
  • Growth vs. conservatism trade-off: zero leverage reduces default risk but may slow market-share expansion compared with leveraged peers.
  • Valuation sensitivity: EV/EBITDA of 6.27 combined with below-industry ROE increases downside risk if revenue or margins deteriorate further.
  • Operational focus required: reversing the -1.01% TTM revenue decline and improving ROE are critical to justify current valuation.

Seria Co., Ltd. (2782.T) - Growth Opportunities

• Net sales increased 4.1% in Q1 FY2025, reflecting continued top-line expansion driven by same-store performance and new-store openings.
• Operating profit grew 4.5% in the same quarter, indicating improved operational efficiency and cost control.
• Market capitalization stood at ¥217.4 billion in late 2025, signaling investor confidence in Seria's growth trajectory.

• Valuation: An enterprise value-to-revenue ratio of 0.58 suggests Seria is valued conservatively relative to revenue, leaving room for upside if revenue growth accelerates or margins expand.
• Shareholder returns: A dividend yield of 2.25% combined with a payout ratio of 160.56% highlights a shareholder-friendly policy, though the elevated payout ratio may warrant monitoring of sustainability.
• Capital strength: A capital adequacy ratio of 78.1% provides a solid buffer for reinvestment, store expansion, or strategic initiatives without materially increasing financial risk.