Tokyo Stock Exchange · Consumer Cyclical
Invest in Verite stock from India
Indian and foreign residents can buy Verite (9904) shares directly through Paasa.
By Paasa · Updated
Verite at a glance
- Price
- ¥227.00-¥1.00 (0.44%)
- Market cap
- ¥6.16B
- Day range
- ¥226.00 – ¥229.00
- P/E
- 15.06
- Dividend yield
- 5.94%
- Volume
- 13.40K
- 1 month
- -6.97%
- 6 months
- -43.25%
- YTD
- -39.63%
- 1 year
- -38.48%
- 5 years
- -49.67%
Verite statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | ¥9.4B | ¥7.9B | ¥7.6B | ¥7.6B | ¥7.3B |
| Gross profit | ¥6.1B | ¥5.4B | ¥5.2B | ¥5.3B | ¥5.1B |
| Operating income | ¥701.0M | ¥876.0M | ¥856.0M | ¥932.0M | ¥775.0M |
| Net income | ¥322.0M | ¥569.0M | ¥502.0M | ¥545.0M | ¥464.0M |
| Earnings per share | ¥11.87 | ¥20.97 | ¥18.50 | ¥20.09 | ¥17.10 |
| EBITDA | ¥656.0M | ¥1.0B | ¥932.0M | ¥994.0M | ¥899.0M |
| Total assets | ¥8.5B | ¥7.6B | ¥7.7B | ¥7.4B | ¥7.6B |
| Total debt | ¥2.2B | ¥1.5B | ¥1.5B | ¥1.0B | ¥1.5B |
| Cash and short-term investments | ¥3.1B | ¥2.0B | ¥2.1B | ¥1.9B | ¥2.2B |
| Shareholders' equity | ¥4.2B | ¥4.5B | ¥4.4B | ¥4.5B | ¥4.4B |
| Operating cash flow | ¥1.2B | ¥407.0M | ¥456.0M | ¥893.0M | ¥864.0M |
| Free cash flow | ¥978.0M | ¥321.0M | ¥319.0M | ¥792.0M | ¥779.0M |
| Capital expenditure | −¥191.0M | −¥86.0M | −¥137.0M | −¥101.0M | −¥85.0M |
Fiscal years as reported, the latest ending 31 Mar 2026. Figures in JPY; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Hub | 3030.T | ¥898.00 | ¥11.29B |
| Harima-Kyowa | 7444.T | ¥1,990.00 | ¥10.71B |
| Weds | 7551.T | ¥662.00 | ¥10.62B |
| Takemoto Yohki | 4248.T | ¥879.00 | ¥10.61B |
| Haruyama | 7416.T | ¥666.00 | ¥10.44B |
| Ohishi Sangyo | 3943.T | ¥1,300.00 | ¥10.20B |
| RIDE ON EXPRESS | 6082.T | ¥986.00 | ¥9.66B |
| Sotoh | 3571.T | ¥699.00 | ¥8.52B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Verite from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 9904 and buy
Find Verite by name or by its ticker, 9904, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in Verite from India
What Verite does
Operating a network of jewelry retail outlets across Japan, Verite Co., Ltd. manages brands including Vérité, Maharaja Diamond, Velicia, and Mimikazari. These establishments provide customers with a diverse selection of products, ranging from fine jewelry and gemstones to precious metals, timepieces, and various fashion accessories. Verite operates in the Specialty Retail industry within the Consumer Cyclical sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your Verite shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy Verite stock from India?
Yes. Indian residents and NRIs can buy Verite (9904) shares directly through Paasa. Verite is listed on the Tokyo Stock Exchange, in the Specialty Retail industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Verite share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥227.00 a share, size the order by the lot, not by the share.
How are Verite dividends taxed for Indian investors?
Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Dividends are taxed at your slab rate in India. Verite’s current yield is 5.94%. Paasa's dividend report lists the gross dividend and any tax withheld for each payment, which is what you need when you file.
What tax do I pay in India when I sell Verite shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Verite shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Verite alone.