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TOKYO BASE Co., Ltd.
(3415)
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Rating:59Neutral
Price Target:
¥368.00
▼(-20.69% Downside)
Action:Reiterated
Date:09/17/26
The score is driven primarily by improving operating performance, but it is meaningfully offset by weak free cash flow conversion and rising leverage. Technical indicators further weigh on the score due to broad weakness versus key moving averages and negative momentum, while a reasonable P/E and modest dividend provide partial valuation support.
Positive Factors
Reaccelerating growth and profitability
The return to strong growth alongside positive earnings indicates renewed demand and improved operating execution. If sustained, this combination can expand the company’s earnings base, support reinvestment in stores and e-commerce, and strengthen its position among Japanese fashion retailers over the coming quarters.
Negative Factors
Weak free cash flow conversion
The sharp decline in free cash flow despite higher earnings suggests that reinvestment or working-capital needs are absorbing much of the business’s profit. Persistently weak conversion would constrain internally funded growth, reduce financial resilience, and make operating performance less valuable to shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating growth and profitability
The return to strong growth alongside positive earnings indicates renewed demand and improved operating execution. If sustained, this combination can expand the company’s earnings base, support reinvestment in stores and e-commerce, and strengthen its position among Japanese fashion retailers over the coming quarters.
Read all positive factors
TOKYO BASE Co., Ltd. (3415) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.47B
Dividend Yield1.69%
Average Volume (3M)289.21K
Price to Earnings (P/E)12.2
Beta (1Y)0.58
Revenue Growth21.11%
EPS Growth27.80%
CountryJP
Employees402
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)29.08
Shares Outstanding43,959,480
10 Day Avg. Volume274,960
30 Day Avg. Volume289,210
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.93
Price to Sales (P/S)0.77
P/FCF Ratio89.98
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)34.1
Revenue Forecast (FY)¥27.45B
TOKYO BASE Co., Ltd. Business Overview & Revenue Model
Company Description
TOKYO BASE Co.,Ltd., a Tokyo-based Japanese fashion retailer established in 2008, caters to both men and women. Its product portfolio is extensive, featuring a wide selection of apparel, footwear, handbags, swimwear, and various accessories such a...
How the Company Makes Money
TOKYO BASE primarily makes money by retailing apparel and fashion-related goods through its own stores and online sales channels. Revenue is generated from (1) direct-to-consumer sales at brick-and-mortar locations, where the company earns gross p...
TOKYO BASE Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.91B | 23.73B | 20.21B | 19.99B | 19.18B | 19.22B |
| Gross Profit | 13.43B | 12.30B | 10.44B | 9.06B | 9.61B | 9.27B |
| EBITDA | 2.71B | 2.38B | 1.76B | 1.87B | 1.01B | 2.05B |
| Net Income | 1.26B | 1.21B | 776.87M | 335.43M | -539.52M | 832.08M |
Balance Sheet | ||||||
| Total Assets | 15.29B | 14.86B | 11.46B | 11.89B | 11.20B | 11.55B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 4.40B | 3.67B | 4.16B | 2.50B | 3.15B |
| Total Debt | 5.82B | 5.74B | 3.95B | 4.44B | 3.65B | 3.22B |
| Total Liabilities | 9.24B | 8.60B | 6.35B | 6.36B | 5.83B | 5.64B |
| Stockholders Equity | 6.06B | 6.27B | 5.11B | 5.53B | 5.37B | 5.90B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 203.93M | 1.33B | 723.09M | -713.52M | -123.67M |
| Operating Cash Flow | 0.00 | 1.31B | 1.74B | 828.53M | 64.41M | 883.90M |
| Investing Cash Flow | 0.00 | -1.68B | -758.21M | -115.24M | -730.89M | -1.59B |
| Financing Cash Flow | 0.00 | 1.09B | -1.50B | 934.53M | -3.83M | 1.22B |
TOKYO BASE Co., Ltd. Technical Analysis
Negative
464.00
Price Trends
375.94
Negative
367.14
Negative
396.51
Negative
Market Momentum
-5.70
Negative
47.03
Neutral
60.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3415, the sentiment is Negative. The current price of 464 is above the 20-day moving average (MA) of 354.60, above the 50-day MA of 375.94, and above the 200-day MA of 396.51, indicating a neutral trend. The MACD of -5.70 indicates Negative momentum. The RSI at 47.03 is Neutral, neither overbought nor oversold. The STOCH value of 60.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3415.
TOKYO BASE Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥258.40B | 13.57 | ― | 2.80% | 10.33% | 23.55% | |
74 Outperform | ¥39.04B | 16.17 | ― | 3.89% | -3.56% | -29.47% | |
71 Outperform | ¥717.07B | 14.98 | 9.11% | 2.29% | 5.20% | 11.08% | |
59 Neutral | ¥14.47B | 12.17 | ― | 1.69% | 21.11% | 27.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥23.59B | -482.58 | ― | 5.84% | -10.37% | 97.76% | |
46 Neutral | ¥4.85B | -0.35 | ― | 1.31% | 67.88% | -501.71% |
* General Sector Average
JP:3415
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TOKYO BASE Co., Ltd. Corporate Events
TOKYO BASE Releases 1H FY2027/1 Briefing on Performance and ESG Strategy
Sep 15, 2026
TOKYO BASE Co., Ltd., a Japanese fashion retailer, manages a suite of apparel brands including STUDIOOUS, UNITED TOKYO, PUBLIC TOKYO, and several related concepts. The company targets style-driven consumers through curated domestic fashion offerin...
TOKYO BASE Posts Double-Digit Sales Growth and Hikes Full-Year Dividend Forecast
Sep 14, 2026
TOKYO BASE reported consolidated net sales of ¥12.47 billion for the six months to July 31, 2026, up 21.1% year on year, with operating profit rising 7.8% to ¥857 million and ordinary profit jumping 34.8% to ¥920 million. Profit att...
TOKYO BASE Posts Double-Digit August Sales Growth on New Formats and Overseas Strength
Sep 2, 2026
TOKYO BASE reported solid trading for August 2026, with total net sales rising 17.2% year-on-year, driven by 16.8% growth in physical stores and 19.8% in e-commerce, while same-store sales increased 3.9%. New formats such as CONZ, RITAN, JAPAN EDI...
TOKYO BASE posts strong July sales on new formats and e-commerce growth
Aug 4, 2026
TOKYO BASE reported robust performance for July 2026, with overall sales rising 14.4% year-on-year and same-store sales up 2.7%, driven by strong growth in new-format brands CONZ and RITAN and a 40.9% surge in e-commerce revenue. The opening of JA...
TOKYO BASE Launches Taiwan Subsidiary to Drive Overseas Fashion Growth
Jul 31, 2026
TOKYO BASE Co., Ltd. has established a wholly owned subsidiary, TOKYO BASE TAIWAN Co., Ltd., in Taipei to enter the Taiwan retail market and strengthen its overseas growth foundation. The company plans to open three stores in Taiwan within the cur...
TOKYO BASE Leans on Overseas and Digital Growth as Japan Store Sales Cool in June
Jul 2, 2026
TOKYO BASE reported June 2026 company-wide net sales at 113.9% year on year, with physical stores rising 111.3% and e-commerce climbing 126.9%, although existing physical stores in Japan slipped to 95.5% amid an unusually cool, rainy season that d...
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.