Shirohato Co., Ltd. AI Stock Analysis
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Shirohato Co., Ltd. (3192) AI Stock Analysis
Shirohato Co., Ltd.
(TSE/TYO:3192)
Shirohato scores at the low end of the range, driven primarily by deteriorating fundamentals: an 8.6% revenue decline, negative operating income, and cash burn of ¥285 million at the operating level that raises sustainability and earnings-quality concerns. Technicals reinforce the negative view, with the share price below every major moving average and a deeply negative MACD signalling an entrenched downtrend. Valuation provides no cushion, as the negative P/E and absence of a dividend leave investors without earnings or income support. The one constructive element is the improving debt-to-equity ratio, but this has come alongside a shrinking asset base rather than genuine recovery. A sustained stabilisation in revenue and a return to positive operating cash flow would be needed before the outlook improves.
Shirohato Co., Ltd. (3192) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 1.31B
- Dividend Yield
- ―
- Average Volume (3M)
- 55.08K
- Price to Earnings (P/E)
- -656.7
- Beta (1Y)
- 1.14
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Japan
- Employees
- 83
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Shirohato Co., Ltd. Business Overview & Revenue Model
Company Description
Shirohato Co., Ltd., a Japanese enterprise, manages an online retail platform that specializes in men's and women's intimate apparel. In addition to its digital operations, the firm also oversees brick-and-mortar stores operating under the SHIROHATO...
How the Company Makes Money
Shirohato makes money primarily by selling merchandise (intimate apparel and related products) directly to consumers, with revenue recognized from product sales through its e-commerce operations. Key revenue drivers typically include (a) order volume...
Shirohato Co., Ltd. Financial Statement Overview
Summary
Financials are weak across all three statements. Revenue fell 8.6% in the latest fiscal year and operating income (EBIT) was negative at -¥175 million, with reported net income appearing driven by non-operating items rather than core operations. Cash flow is the biggest concern: operating cash flow of -¥285 million and free cash flow of -¥288 million in the most recent period, with four of the last six periods showing negative operating cash flow and questionable earnings quality. The balance sheet is the relative bright spot, with debt-to-equity improving from 1.73 to roughly 0.90, though the asset base has shrunk from ¥7.2 billion to ¥5.8 billion, suggesting deleveraging via contraction rather than growth.
Income Statement
35NegativeBalance Sheet
42NeutralCash Flow
28Negative| Breakdown | TTM | Nov 2025 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.74B | 5.61B | 6.27B | 6.37B | 6.35B | 6.23B |
| Gross Profit | 2.13B | 1.89B | 2.21B | 2.19B | 2.22B | 2.17B |
| EBITDA | 61.23M | -77.33K | 224.83M | 201.35M | 283.53M | 232.23M |
| Net Income | 470.99M | 419.87M | 123.10M | -120.64M | 73.89M | -223.12M |
Balance Sheet | ||||||
| Total Assets | 5.39B | 5.79B | 5.96B | 5.76B | 6.29B | 6.48B |
| Cash, Cash Equivalents and Short-Term Investments | 601.71M | 643.59M | 554.43M | 193.22M | 692.31M | 508.30M |
| Total Debt | 2.07B | 2.26B | 3.09B | 3.02B | 3.31B | 3.39B |
| Total Liabilities | 2.82B | 3.27B | 3.75B | 3.68B | 4.08B | 4.35B |
| Stockholders Equity | 2.57B | 2.52B | 2.21B | 2.08B | 2.20B | 2.14B |
Cash Flow | ||||||
| Free Cash Flow | 323.92M | -288.25M | 323.92M | -162.59M | -10.33M | 684.37M |
| Operating Cash Flow | 326.01M | -284.80M | 326.01M | -158.81M | -8.03M | 741.04M |
| Investing Cash Flow | -36.77M | 1.20B | -36.77M | -44.26M | 267.05M | -91.59M |
| Financing Cash Flow | 71.97M | -830.15M | 71.97M | -296.02M | -75.00M | -689.83M |
Shirohato Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3192, the sentiment is Neutral. The current price of 197.00 is above the 20-day moving average (MA) of 196.80, below the 50-day MA of 230.80, and below the 200-day MA of 310.75, indicating a neutral trend. The MACD of -11.10 indicates Negative momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 77.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3192.
Shirohato Co., Ltd. Peers Comparison
Overall Rating
JP:309276Outperform
JP:318174Outperform
JP:339670.9Outperform
JP:927861Neutral
JP:438556Neutral- JP:319237Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3092 | 76Outperform | JPY 1.04T | 21.31 | 49.53% | 3.40% | 6.46% | 8.48% |
| JP:3181 | 74Outperform | JPY 3.93B | 8.65 | ― | 0.94% | 11.84% | 46.54% |
| JP:3396 | 71Outperform | JPY 5.54B | 15.92 | ― | 2.39% | -1.29% | -0.27% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| JP:9278 | 61Neutral | JPY 45.53B | 14.86 | ― | 1.39% | 10.64% | 96.47% |
| JP:4385 | 56Neutral | JPY 568.57B | 13.95 | 32.14% | ― | 23.21% | 43.82% |
| JP:3192 | 37Underperform | JPY 1.31B | -656.67 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3192 | Shirohato Co., Ltd. | 197.00 | -102.00 | -34.11% | |
| JP:4385 | Mercari | 3438.00 | 808.00 | 30.72% | |
| JP:3092 | ZOZO | 1175.50 | -61.33 | -4.96% | |
| JP:3181 | KAITORI OKOKU CO., LTD. | 1060.00 | 225.54 | 27.03% | |
| JP:3396 | Felissimo Corporation | 836.00 | -5.54 | -0.66% | |
| JP:9278 | BOOKOFF GROUP HOLDINGS LIMITED | 2595.00 | 1246.29 | 92.41% |
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.
Date of analysis: Nov 12, 2026