Industry map/Healthcare & Consumer Goods
Shoes & Bags industry map
Who earns the money in Shoes & Bags, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 14 companies · ¥610.5B
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥610.5B
- Companies
- 14
- Avg. salary（parent only）
- ¥5.2M
- Industry weather
- Rainy
YoY -1.7%
Avg. age 44.4
Operating income -3.8%
Abc-Mart[2670]
Domestic + 1 more
- Revenue
- ¥378.6B▲1.7%
- Operating income
- ¥63.5B▲1.4%
Margin 16.8%
Whole company: Revenue ¥378.6B · Net income ¥46.3B
Avg. salary ¥4.4M · 32.0（parent only）
Chiyoda[8185]
- Revenue
- ¥81.4B▼11.4%
- Operating income
- ¥1.09B▼50.3%
Margin 1.3%
Avg. salary ¥5.4M · 48.7（parent only）
Sac's BAR Holdings[9990]
- Revenue
- ¥51.3B▼1.9%
- Operating income
- ¥3.16B▼21.8%
Margin 6.2%
Avg. salary ¥6.9M · 50.9（parent only）
Regal[7938]
Shoes retail + 1 more
- Revenue
- ¥22.8B▼3.0%
- Operating income
- -¥394MTurned to loss
Margin -1.7%
Whole company: Revenue ¥22.8B · Net income ¥244M
Avg. salary ¥5.7M · 44.8（parent only）
- Nippi owns 13.5%
- WA owns 3.4%
Nippi[7932]
Leather related
- Revenue
- ¥5.85B▼19.0%
- Operating income
- ¥167M▼20.5%
Margin 2.9%
Whole company: Revenue ¥47.3B · Net income ¥2.83B
Avg. salary ¥6.3M · 38.4（parent only）
- Regal owns 12.7%
WA[7683]
Planning and sales of women's shoes
- Revenue
- ¥20.3B▼0.6%
- Operating income
- ¥3.09B▼11.3%
Margin 15.2%
Whole company: Revenue ¥23.3B · Net income ¥688.1M
Avg. salary ¥4.1M · 29.0（parent only）
Sanyei[8119]
Fashion Accessories
- Revenue
- ¥11.9B▼26.7%
- Operating income
- ¥862.4M▼56.1%
Margin 7.2%
Whole company: Revenue ¥36.3B · Net income ¥568.4M
Avg. salary ¥7.5M · 44.0（parent only）
Hiraki[3059]
Store sales + 2 more
- Revenue
- ¥11.9B▼8.2%
- Operating income
- ¥99.7M▼74.2%
Margin 0.8%
Whole company: Revenue ¥11.9B · Net income -¥426.7M
Avg. salary ¥4.8M · 46.5（parent only）
Achilles[5142]
Shoes Business Unit
- Revenue
- ¥8.93B▼11.7%
- Operating income
- -¥321M
Margin -3.6%
Whole company: Revenue ¥81.8B · Net income ¥2.12B
Avg. salary ¥6.2M · 43.0（parent only）
Barcos[7790]
Lifestyle proposal business
- Revenue
- ¥5.25B▲10.8%
- Operating income
- ¥386M▼32.7%
Margin 7.4%
Whole company: Revenue ¥5.5B · Net income ¥50.7M
Avg. salary ¥4.5M · 45.1（parent only）
Toho Lamac[7422]
Shoes business
- Revenue
- ¥4.45B▼6.4%
- Operating income
- -¥133MTurned to loss
Margin -3.0%
Whole company: Revenue ¥4.55B · Net income ¥17.5M
Avg. salary ¥5M · 45.3（parent only）
Studio Atao[3550]
- Revenue
- ¥4.13B▲11.6%
- Operating income
- ¥239.3M▲31.1%
Margin 5.8%
Avg. salary ¥4.1M · 34.7（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Jelly Beans Group · TriIs
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Abc-MartDomestic + 1 more | ¥378.6B | 62.0% | 16.8% | +11.6% | ¥27.5B |
| 2 | Chiyoda | ¥81.4B | 13.3% | 1.3% | -2.1% | -¥5.06B |
| 3 | Sac's BAR Holdings | ¥51.3B | 8.4% | 6.2% | +8.6% | ¥626.1M |
| 4 | RegalShoes retail + 1 more | ¥22.8B | 3.7% | -1.7% | +2.3% | -¥1.46B |
| 5 | WAPlanning and sales of women's shoes | ¥20.3B | 3.3% | 15.2% | — | ¥517.3M |
| 6 | SanyeiFashion Accessories | ¥11.9B | 1.9% | 7.2% | +11.3% | ¥733.4M |
| 7 | HirakiStore sales + 2 more | ¥11.9B | 1.9% | 0.8% | -5.9% | -¥158.1M |
| 8 | AchillesShoes Business Unit | ¥8.93B | 1.5% | -3.6% | — | -¥238M |
| 9 | NippiLeather related | ¥5.85B | 1.0% | 2.9% | -1.9% | ¥2.47B |
| 10▲1 | BarcosLifestyle proposal business | ¥5.25B | 0.9% | 7.3% | +21.4% | -¥226.9M |
| 11▼1 | Toho LamacShoes business | ¥4.45B | 0.7% | -3.0% | — | -¥956.8M |
| 12 | Studio Atao | ¥4.13B | 0.7% | 5.8% | +3.6% | ¥276.4M |
| 13 | Jelly Beans GroupLifestyle segment | ¥3.52B | 0.6% | 10.7% | — | -¥2.56B |
| 14 | TriIsFashion brand business | ¥164.7M | 0.0% | 15.4% | -9.9% | -¥850.9M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Operating profit
- Abc-Mart493417
- Nippi70219
- Sac's BAR Holdings5143
- Studio Atao3262
- WA3956
- Achilles7818
- Sanyei7621
- Barcos3266
- Chiyoda5346
- Jelly Beans Group6239loss ¥1
- Regal5349loss ¥2
- Hiraki5647loss ¥3
- Toho Lamac7132loss ¥3
- TriIs8728loss ¥15
Ownership links
From the major-shareholder section of annual securities reports.
- NippiIn industry
- StakeRegalcross-held13.5%
- RegalIn industry
- StakeNippicross-held12.7%
- 大成建設株式会社Outside
- StakeNippi8.0%
- 日本証券金融株式会社Outside
- StakeJelly Beans Group5.8%
- 平和株式会社Outside
- StakeRegal5.3%
- 株式会社山陰合同銀行Outside
- StakeHiraki3.8%
- 東京建物株式会社Outside
- StakeNippi3.6%
- WAIn industry
- StakeRegal3.4%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Shoes & Bags (by revenue)
All 14 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Abc-Mart¥378.6B · 16.8%
- Chiyoda¥81.4B · 1.3%
- Sac's BAR Holdings¥51.3B · 6.2%
- Regal¥22.8B · -1.7%
- WA¥20.3B · 15.2%
- Sanyei¥11.9B · 7.2%
- Hiraki¥11.9B · 0.8%
- Achilles¥8.93B · -3.6%
- Nippi¥5.85B · 2.9%
- Barcos¥5.25B · 7.3%
- Toho Lamac¥4.45B · -3.0%
- Studio Atao¥4.13B · 5.8%
- Jelly Beans Group¥3.52B · 10.7%
- TriIs¥164.7M · 15.4%
Revenue · Op. margin
Related industries
Analyze this page with AI
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.