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Novarese, Inc. (9160.T)

JPY301.00 +1.00 (+0.33%)
JP JPX Consumer Cyclical Personal Products & Services
Address Ginza YOMIKO Building 104-0061
Chuo, JP
CEO Hiroki Ogino
Website novarese.co.jp
IPO 2023-06-30
ISIN JP3762110009

Explore sections of this company profile

Description

Novarese, Inc. operates extensively in the wedding and hospitality industries, both domestically in Japan and across international markets. The company delivers a full spectrum of wedding services, covering everything from initial venue guidance and detailed event planning to culinary and gift selections, and flawless day-of coordination. It also manages dress boutiques under the NOVARESE and ECRUSPOSE brands, which offer sales and rentals of wedding gowns, tuxedos, traditional Japanese clothing, and attire for wedding guests. Furthermore, Novarese runs wedding banquet halls and a chain of restaurants. Supporting these core activities, the company provides floral design, alongside professional photography and videography for matrimonial ceremonies, corporate functions, and other special gatherings. Additional services include the WEDO system for marriage preparation support, curating gifts for the bridal couple and their guests, and broader business support solutions. The firm's advertising agency division provides comprehensive services, encompassing creative planning, visual content production, graphic design, promotional tool development, media buying, and the planning and management of PR events. Founded in 2000, the company was initially known as Workaholic Co., Ltd. until its rebranding to Novarese, Inc. in December 2002. Its headquarters are situated in Chuo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY301.00 +1.00 (+0.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
54.4K
Beta
-0.15
Float Shares
6.97M
Free Float %
27.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.29% -3.61% -5.47% -8.70% -11.18% -5.47% -4.85% -43.46% -43.46% -43.46% -43.46%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
301.00
DCF (Unlevered) 14,009.21 +4,554.2%
DCF (Levered) 14,143.61 +4,598.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.12
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Personal Products & Services: +6.6%
    +14.2% ★ Q1'26: +13.9% (vs Q1'25)
  • ✓
    EPS growth Personal Products & Services: +19.6%
    +89.1% ★ Q1'26: -0.8% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Personal Products & Services: +11.7%
    +9.4% ★ Q1'26: -34.7% (vs Q1'25)
  • ✗
    EBIT margin Personal Products & Services: +10.5%
    +10.1% Q1'26: -0.6% (vs Q1'25)
  • ✗
    ROIC Personal Products & Services: +6.9%
    +8.0% ★ Q1'26: -0.4% (vs Q1'25)
  • ✗
    Share dilution Personal Products & Services: +0.0%
    +0.2% Q1'26: +0.3% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Personal Products & Services: 0.59×
    2.61× Q1'26: 5.97× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.14) × ERP
WACC = 37% × Ke + 63% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 14,152.07 Current price: 301.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
1 Rev. Ana.
1 EPS Ana. 		Dec 2027
1 Rev. Ana.
1 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
16.80B
est.
15.80B
est.
16.31B
est.
16.76B
est.
17.41B
est: 16.80B (+3.6%)
7.33B
est: 15.80B (-53.6%)
11.19B
est: 16.31B (-31.4%)
17.22B
est: 16.76B (+2.8%)
18.27B
est: 20.11B (-9.2%)
19.30B
est: 19.40B (-0.5%)
22.04B
est: 21.20B (+4.0%)
40.20B
40.20B – 40.20B
+89.6% YoY
47.10B
47.10B – 47.10B
+17.2% YoY
46.40B
46.40B – 46.40B
-1.5% YoY
EBITDA
2.42B
est.
2.28B
est.
2.35B
est.
2.42B
est.
4.27B
est: 2.42B (+76.2%)
-1.75B
est: 2.28B (-176.6%)
2.93B
est: 2.35B (+24.3%)
4.93B
est: 2.42B (+103.8%)
3.91B
est: 2.90B (+34.7%)
3.82B
est: 4.56B (-16.2%)
4.73B
est: 4.98B (-4.9%)
9.44B
9.44B – 9.44B
+89.6% YoY
11.06B
11.06B – 11.06B
+17.2% YoY
10.90B
10.90B – 10.90B
-1.5% YoY
EBIT
-499.59M
est.
-469.86M
est.
-485.02M
est.
-498.40M
est.
2.01B
est: -499.59M (+501.8%)
-3.99B
est: -469.86M (-748.9%)
850.29M
est: -485.02M (+275.3%)
2.83B
est: -498.40M (+667.8%)
1.56B
est: -598.14M (+361.3%)
1.34B
est: 1.93B (-30.6%)
2.23B
est: 2.10B (+6.0%)
3.99B
3.99B – 3.99B
+89.6% YoY
4.68B
4.68B – 4.68B
+17.2% YoY
4.61B
4.61B – 4.61B
-1.5% YoY
Net Income
2.07B
est.
1.87B
est.
2.04B
est.
2.19B
est.
1.31B
est: 2.07B (-36.4%)
-2.95B
est: 1.87B (-257.4%)
374.03M
est: 2.04B (-81.7%)
1.66B
est: 2.19B (-24.3%)
942.27M
est: 1.86B (-49.3%)
663.90M
est: 971.94M (-31.7%)
1.26B
est: 1.29B (-2.4%)
668.84M
668.84M – 668.84M
-48.1% YoY
871.74M
871.74M – 871.74M
+30.3% YoY
1.09B
1.09B – 1.09B
+25.6% YoY
SGA
10.01B
est.
9.42B
est.
9.72B
est.
9.99B
est.
7.97B
est: 10.01B (-20.4%)
7.36B
est: 9.42B (-21.9%)
6.32B
est: 9.72B (-35.0%)
7.66B
est: 9.99B (-23.3%)
8.62B
est: 11.99B (-28.1%)
9.55B
est: 9.43B (+1.2%)
10.00B
est: 10.30B (-2.9%)
19.54B
19.54B – 19.54B
+89.6% YoY
22.89B
22.89B – 22.89B
+17.2% YoY
22.55B
22.55B – 22.55B
-1.5% YoY
EPS
82.60
est.
74.90
est.
81.70
est.
87.50
est.
52.53
est: 82.60 (-36.4%)
-117.90
est: 74.90 (-257.4%)
14.96
est: 81.70 (-81.7%)
66.27
est: 87.50 (-24.3%)
37.69
est: 74.40 (-49.3%)
26.52
est: 38.80 (-31.6%)
50.16
est: 51.40 (-2.4%)
26.70
26.70 – 26.70
-48.1% YoY
34.80
34.80 – 34.80
+30.3% YoY
43.70
43.70 – 43.70
+25.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-14 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-13 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-12 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-11 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-08 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-07 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-01 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-28 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-27 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-24 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-23 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-22 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-21 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-20 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-17 B+ 3/5 1/5 4/5 5/5 1/5 4/5 4/5
2026-04-16 B+ 3/5 1/5 4/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.87B
OE per share TTM
154.53
Owner's Yield
50.78%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
98.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.97M
Shares Outstanding
25.07M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Akitoshi Masuyama Head of Corporate Strategy Division, GM of the Business Strategy Division & Executive Director — male
Chizuko Sasaoka Executive Officer, Deputy GM of Sales Headquarters & Director — —
Hiroki Ogino Chairman, Chief Executive Officer & President — male
Issei Suzuki Executive Officer, Deputy General Manager of Sales Division & Executive Chef — —
Yuya Kobayashi Executive Officer, GM of Sales Headquarters & Director — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits

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