1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Discount Stores
Lawson, Inc.

Lawson, Inc.

2651.T
Lawson, Inc.JP flagTokyo Stock Exchange
10,340.00
JPY
+10.00
- -
1.03TMarket Cap
Lawson, Inc.
2651.T
(Tokyo Stock Exchange)

Recent

price

10,340.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
3,524.52
4,711.15
4,425.82
4,795.75
4,879.95
4,857.41
4,982.57
5,834.64
6,312.3
6,570.34
7,002.47
7,297.9
6,655.68
9,425.46
9,996.25
10,871.16
11,024.48
Revenue per Share
240.1
126.68
254.61
249.17
332.2
380.04
327.09
313.82
363.97
268.16
255.7
200.96
86.83
226.09
296.85
521.07
529.78
Basic EPS, GAAP
169.63
55.56
419.4
501.06
423.15
411.89
616.57
557.14
389.05
538.45
672.12
1,578.25
1,930.65
2,222.28
2,548.39
3,246.06
1,432.46
Free Cash Flow per Basic Share
134.99
159.99
164.71
171.99
193
209.99
229.95
242.49
247.49
252.47
254.99
202.5
149.99
150
150
192.49
117.5
Dividend per Share
590.05
589.97
586.79
585.82
585.72
585.66
585.46
585.07
585.01
584.8
584.73
584.7
584.68
584.65
584.62
584.6
2,495.01
Book Value per Share
1,707.08
1,651.04
1,728.81
1,759.11
1,963.14
2,222.42
1,843.93
1,884.03
1,911.76
1,811.67
1,752.08
1,781.73
1,864.01
1,348.31
1,521.75
1,729.04
-1,180.14
Tangible Book Value per Share
99
99
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Basic Weighted Avg Shares
349,474
467,191
441,276
478,956
487,444
485,246
497,913
583,452
631,287
657,323
700,646
730,235
666,001
943,206
1,000,385
1,087,964
1,103,304
Sales/Revenue/Turnover
25.48
20.18
22.81
12.9
13.59
14.04
14.16
12.43
11.69
10.01
8.68
8.62
6.14
3.9
5.44
7.67
7.57
Operating Margin (%)
20,878
27,468
33,083
37,845
43,886
47,888
41,825
49,293
56,199
58,601
66,844
79,183
80,778
203,864
211,745
213,287
160,751
Depreciation Expense
23,807
12,562
25,386
24,885
33,182
37,965
32,686
31,381
36,400
26,828
25,585
20,108
8,689
22,625
29,708
52,148
53,019
Net Income, GAAP
41.1
57.71
41.03
44.6
43.79
36.17
43.26
41.99
36.58
38.38
35.89
33.81
52.53
31.47
37.05
31.83
31.41
Effective Tax Rate (%)
6.81
2.69
5.75
5.2
6.81
7.82
6.56
5.38
5.77
4.08
3.65
2.75
1.3
2.4
2.97
4.79
4.81
Profit Margin (%)
-28,980
-52,298
-47,586
-57,821
-59,498
-50,922
-77,427
-95,398
-107,505
-147,362
21,081
74,734
-76,943
-152,224
-225,440
-295,324
-278,393
Working Capital
1,152
19,410
28,753
37,902
47,355
61,666
134,599
145,622
156,686
169,086
391,441
446,665
251,491
1,029,298
1,003,588
916,204
914,645
LT Debt
201,166
198,135
208,466
214,661
230,181
250,495
263,796
272,994
285,993
281,444
281,980
275,345
272,928
235,692
253,857
289,300
- -
Total Equity
25.23
17.88
24.18
12.72
12.68
13.35
10.28
9.48
9.69
7.8
5.48
4.87
2.54
2.46
2.54
4.25
5.31
Return on Invested Capital (%)
36.75
16.37
26.74
23.46
28.41
28.89
18.15
13.74
14.08
9.54
5.62
3.6
1.91
3.44
3.06
5.21
4.52
Return on Capital (%)
40.69
21.47
43.39
42.53
56.72
64.89
55.87
53.64
62.22
45.86
43.73
34.37
14.85
38.67
50.78
89.13
23.13
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Nov'24
Feb'24
May'25
ST Debt
65,656
90,850
151,020
LT Borrowings
74
99
105
LT Finance Leases
918,185
916,105
914,540
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
732,672
1,026,301
1,033,302

Working Capital

FRC

•

in mil. unless spec.
Nov'24
Feb'24
May'25
Total Current Assets
682,434
715,868
815,788
Cash, Cash Equivalents & STI
389,380
433,343
508,543
Accounts Receivable, Net
239,187
234,295
255,629
Inventories
32,494
29,176
30,707
Total Current Liabilities
981,892
1,011,192
1,094,181
Payables & Accruals
- -
- -
- -
ST Debt
65,656
90,850
151,020
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.7%
0.96%
13.96%
Free Cash Flow
28.76%
42.87%
27.38%
Net Income, GAAP
15.62%
37.81%
75.54%
Sales/Revenue/Turnover
9.06%
10.37%
8.75%
Total Cash Common Dividend
0.2%
-3.63%
28.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
236,065
254,870
256,048
263,000
1,000,385
2024
264,100
281,391
268,651
273,821
1,087,964
2025
279,441
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
83.73
120.79
103.69
- -
296.85
2024
160.82
162.94
134.68
- -
521.07
2025
169.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
75
- -
75
- -
150
2024
74.99
- -
117.5
- -
192.49
2025
- -
- -
- -
- -
- -
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Business
Lawson, Inc. (2651.T) operates and franchises convenience stores primarily under the Lawson, Lawson Store 100 and Natural Lawson brands; it also manages Seijo Ishii supermarkets, HMV entertainment stores, United Cinemas movie theaters, LAWSON ATMs, nursing care consultation centers and Lawson hospitals. The company offers a wide range of products including ready-to-eat meals, beverages, snacks, magazines, daily necessities, Lawson Select private-label items such as seasonings, detergents and bento dishes; services encompass ticket sales via Loppi machines, photo printing, banking through Lawson Bank and wholesale of processed foods, meat products and packaging materials. Lawson conducts operations across 47 prefectures in Japan as well as China, Indonesia, Thailand, the Philippines and Hawaii, with approximately 14,694 stores in Japan and additional overseas locations as of early 2025. Founded in 1975 and headquartered at East Tower, Gate City Ohsaki in Shinagawa-ku, Tokyo, Japan, Lawson functions as a subsidiary of Mitsubishi Corporation and competes as one of Japan's top three convenience store chains alongside 7-Eleven and FamilyMart. In recent developments, KDDI Corporation commenced a tender offer for Lawson's shares in 2024, leading to delisting from the Tokyo Stock Exchange on July 24, 2024, and establishing a capital and business alliance to enhance digital services and customer experiences through initiatives like Real x Tech Convenience; Mitsubishi Corporation and KDDI deepened collaboration to leverage supply chains, telecommunications and overseas networks for transformation.