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HONEYS HOLDINGS CO. LTD.
(2792)
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Rating:67Neutral
Price Target:
¥1,505.00
▼(-1.51% Downside)
Action:Downgraded
Date:10/08/26
The score is primarily supported by strong financial stability (debt-free balance sheet and rising equity) and a reasonable valuation with an attractive dividend yield. These positives are tempered by weakening earnings momentum and inconsistent cash flow, while technicals are notably weak with the price below major moving averages and bearish momentum indicators.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk and interest burden, giving Honeys flexibility to withstand retail cycles, support stores and e-commerce, and fund operations without relying heavily on external financing. This strengthens resilience over the next several quarters.
Negative Factors
Recent revenue contraction
Revenue contraction signals weaker recent demand or reduced sales momentum in Honeys’ core apparel retail business. If this persists, slower top-line growth can limit operating leverage, reduce the ability to absorb fixed store costs, and make sustained profit expansion more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk and interest burden, giving Honeys flexibility to withstand retail cycles, support stores and e-commerce, and fund operations without relying heavily on external financing. This strengthens resilience over the next several quarters.
Read all positive factors
HONEYS HOLDINGS CO. LTD. (2792) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥38.68B
Dividend Yield3.97%
Average Volume (3M)55.00K
Price to Earnings (P/E)15.9
Beta (1Y)0.33
Revenue Growth-3.56%
EPS Growth-29.47%
CountryJP
Employees6,921
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)102.09
Shares Outstanding27,900,000
10 Day Avg. Volume78,130
30 Day Avg. Volume55,003
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)0.77
Price to Sales (P/S)0.67
P/FCF Ratio10.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HONEYS HOLDINGS CO. LTD. Business Overview & Revenue Model
Company Description
Established in 1978 and headquartered in Iwaki, Japan, Honeys Holdings Co., Ltd. specializes in the design, production, and sale of women's clothing and fashion accessories. The company markets its apparel lines under various brand names, includin...
How the Company Makes Money
Honeys Holdings makes money primarily by selling women’s apparel and related fashion goods to end customers. Its core revenue stream is retail sales generated through its store network and online sales channels, where it earns revenue at the point...
HONEYS HOLDINGS CO. LTD. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 56.18B | 57.70B | 56.57B | 54.89B | 47.70B |
| Gross Profit | 33.07B | 34.15B | 34.09B | 33.43B | 28.74B |
| EBITDA | 6.00B | 7.00B | 8.30B | 8.91B | 6.01B |
| Net Income | 2.85B | 3.73B | 4.88B | 5.34B | 3.26B |
Balance Sheet | |||||
| Total Assets | 57.61B | 53.00B | 52.84B | 50.82B | 46.58B |
| Cash, Cash Equivalents and Short-Term Investments | 15.76B | 13.89B | 13.41B | 16.81B | 12.95B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 8.52B | 8.29B | 8.04B | 10.06B | 8.82B |
| Stockholders Equity | 49.09B | 44.71B | 44.80B | 40.75B | 37.75B |
Cash Flow | |||||
| Free Cash Flow | 3.54B | 2.93B | -1.90B | 5.18B | 864.01M |
| Operating Cash Flow | 4.66B | 4.92B | 2.13B | 6.81B | 2.21B |
| Investing Cash Flow | -1.42B | -2.26B | -4.20B | -1.78B | -2.47B |
| Financing Cash Flow | -1.53B | -1.53B | -1.53B | -1.12B | -837.40M |
HONEYS HOLDINGS CO. LTD. Technical Analysis
Negative
1528.00
Price Trends
1431.38
Negative
1414.24
Negative
1437.06
Negative
Market Momentum
-13.77
Positive
38.91
Neutral
31.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2792, the sentiment is Negative. The current price of 1528 is above the 20-day moving average (MA) of 1419.35, above the 50-day MA of 1431.38, and above the 200-day MA of 1437.06, indicating a bearish trend. The MACD of -13.77 indicates Positive momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 31.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2792.
HONEYS HOLDINGS CO. LTD. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥66.41B | 9.87 | ― | 4.18% | 8.20% | 69.92% | |
77 Outperform | ¥255.30B | 13.98 | ― | 2.77% | 7.11% | 57.75% | |
74 Outperform | ¥23.76T | 44.51 | 20.52% | 0.86% | 14.76% | 30.54% | |
71 Outperform | ¥721.05B | 15.24 | 9.11% | 2.30% | 5.20% | 11.08% | |
67 Neutral | ¥38.68B | 15.92 | ― | 3.97% | -3.56% | -29.47% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | ¥23.05B | -474.24 | ― | 6.07% | -10.37% | 97.76% |
* Consumer Cyclical Sector Average
JP:2792
HONEYS HOLDINGS CO. LTD.
1,392.00
-69.73
-4.77%
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4.44%
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BAROQUE JAPAN LIMITED
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UNITED ARROWS LTD.
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29.64%
HONEYS HOLDINGS CO. LTD. Corporate Events
Honeys Holdings Faces Profit Slide but Holds Dividend Line
Sep 29, 2026
Honeys Holdings reported consolidated net sales of ¥12,968 million for the three months ended August 31, 2026, a 6.7% year-on-year decline, with operating profit down 51.1% to ¥590 million and profit attributable to owners of parent halv...
Honeys Holdings Completes Restricted Stock Allocation to Employees
Sep 11, 2026
HONEYS HOLDINGS CO., LTD. has completed payment procedures for the disposal of 2,400 treasury shares as restricted stock, following a July 21, 2026 board resolution. The disposal, priced at ¥1,408 per share for a total value of ¥3,379,20...
Honeys Holdings Grants Restricted Stock to Employees to Align Incentives
Jul 21, 2026
Honeys Holdings has approved the disposal of 2,400 treasury shares as restricted stock to 24 eligible employees across the parent company and its subsidiaries, with a total disposal value of ¥3,379,200 and a payment date set for September 11,...
HONEYS HOLDINGS Moves to Broaden Business Scope With Articles Revision
Jul 21, 2026
HONEYS HOLDINGS CO., LTD., a Prime Market-listed holding company on the Tokyo Stock Exchange, currently focuses on managing subsidiaries in retail-related fields. The group is now positioning itself to expand into a wider spectrum of consumer good...
HONEYS HOLDINGS Maintains Annual Dividend at ¥55 Per Share for FY2026
Jul 21, 2026
HONEYS HOLDINGS CO., LTD. has approved a year-end dividend of ¥30 per share for the fiscal year ended May 31, 2026, matching its prior forecast and the previous year’s payout. The total year-end distribution will be ¥836,334 thousa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.