Happinet Corporation
Happinet Corporation operates as an entertainment trading company in Japan. The company manufactures and sells toys, trading cards, playthings, and other toys, as well as audio-visual software; and plans, develops, and sells video and music, and video game software and hardware-related products. It also sells arcade game machines and amusement arcade-related products; and installs and operates to… Read more
Happinet Corporation (HAPYF) - Net Assets
Latest net assets as of September 2025: $60.80 Billion USD
Based on the latest financial reports, Happinet Corporation (HAPYF) has net assets worth $60.80 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($133.22 Billion) and total liabilities ($72.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $60.80 Billion |
| % of Total Assets | 45.64% |
| Annual Growth Rate | 7.84% |
| 5-Year Change | 35.88% |
| 10-Year Change | N/A |
| Growth Volatility | 3.17 |
Happinet Corporation - Net Assets Trend (2020–2025)
This chart illustrates how Happinet Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Happinet Corporation (2020–2025)
The table below shows the annual net assets of Happinet Corporation from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $55.67 Billion | +8.52% |
| 2024-03-31 | $51.30 Billion | +13.46% |
| 2023-03-31 | $45.21 Billion | +3.95% |
| 2022-03-31 | $43.49 Billion | +6.16% |
| 2021-03-31 | $40.97 Billion | +7.32% |
| 2020-03-31 | $38.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Happinet Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 46.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $47.10 Billion | 84.61% |
| Other Components | $8.57 Billion | 15.39% |
| Total Equity | $55.67 Billion | 100.00% |
Happinet Corporation Competitors by Market Cap
The table below lists competitors of Happinet Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AmRest Holdings SE
OTCGREY:ARHOF
|
$477.90 Million |
|
BayWa Aktiengesellschaft
F:BYW
|
$478.06 Million |
|
MiMedx Group Inc
NASDAQ:MDXG
|
$478.13 Million |
|
Shanxi Huaxiang Group Co Ltd
SHG:603112
|
$478.20 Million |
|
Nuvoton Technology Corp
TW:4919
|
$477.41 Million |
|
Jinhui Liquor Co Ltd
SHG:603919
|
$477.07 Million |
|
Enaex S.A
SN:ENAEX
|
$477.00 Million |
|
Bright Minds Biosciences Inc
NASDAQ:DRUG
|
$476.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Happinet Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 51,298,000,000 to 55,670,000,000, a change of 4,372,000,000 (8.5%).
- Net income of 6,764,000,000 contributed positively to equity growth.
- Dividend payments of 2,850,000,000 reduced retained earnings.
- Share repurchases of 1,142,000,000 reduced equity.
- Other factors increased equity by 1,600,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.76 Billion | +12.15% |
| Dividends Paid | $2.85 Billion | -5.12% |
| Share Repurchases | $1.14 Billion | -2.05% |
| Other Changes | $1.60 Billion | +2.87% |
| Total Change | $- | 8.52% |
Book Value vs Market Value Analysis
This analysis compares Happinet Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | $1742.58 | $21.75 | x |
| 2021-03-31 | $1869.15 | $21.75 | x |
| 2022-03-31 | $1975.97 | $21.75 | x |
| 2023-03-31 | $2037.57 | $21.75 | x |
| 2024-03-31 | $2299.86 | $21.75 | x |
| 2025-03-31 | $1268.36 | $21.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Happinet Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.86%
- • Asset Turnover: 3.00x
- • Equity Multiplier: 2.18x
- Recent ROE (12.15%) is above the historical average (8.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.21% | 0.52% | 3.30x | 1.85x | $-2.59 Billion |
| 2021 | 6.32% | 1.00% | 3.13x | 2.02x | $-1.51 Billion |
| 2022 | 8.17% | 1.26% | 3.31x | 1.96x | $-795.30 Million |
| 2023 | 7.88% | 1.16% | 3.26x | 2.09x | $-960.10 Million |
| 2024 | 12.83% | 1.88% | 3.09x | 2.21x | $1.45 Billion |
| 2025 | 12.15% | 1.86% | 3.00x | 2.18x | $1.20 Billion |
Industry Comparison
This section compares Happinet Corporation's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Happinet Corporation (HAPYF) | $60.80 Billion | 3.21% | 1.19x | $477.57 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |