Atsugi Co., Ltd. (JP:3529)
:3529
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Atsugi Co., Ltd.
(3529)
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Rating:46Neutral
Price Target:
¥847.00
▼(-23.00% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak profitability and persistent negative free cash flow despite a conservatively financed balance sheet. Technicals are also soft with the stock trading below major moving averages, while valuation signals are constrained by losses (negative P/E) and no dividend yield data.
Positive Factors
Conservative balance sheet
Very low debt and a sizable equity base give the company durable financial flexibility. That balance-sheet strength reduces refinancing and default risk, supports operations through demand cycles, and preserves optionality for strategic investments or restructuring over months.
Negative Factors
Consistent negative free cash flow
Persistent free-cash-flow deficits signal ongoing cash burn, limiting internally funded investment and forcing reliance on external financing or equity. Over the medium term this constrains growth initiatives, margin improvement programs, and increases vulnerability to working-capital shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt and a sizable equity base give the company durable financial flexibility. That balance-sheet strength reduces refinancing and default risk, supports operations through demand cycles, and preserves optionality for strategic investments or restructuring over months.
Read all positive factors
Atsugi Co., Ltd. (3529) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.17B
Dividend YieldN/A
Average Volume (3M)107.86K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth-1.88%
EPS Growth-202.61%
CountryJP
Employees1,443
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-56.68
Shares Outstanding17,319,569
10 Day Avg. Volume71,710
30 Day Avg. Volume107,863
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.46
Price to Sales (P/S)0.68
P/FCF Ratio-8.77
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
Atsugi Co., Ltd. Business Overview & Revenue Model
Company Description
Founded in 1947, Atsugi Co., Ltd. is a Japanese company headquartered in Ebina, Japan. The firm focuses on the creation, manufacturing, and distribution of women's legwear, including pantyhose and stockings, as well as various lingerie products. B...
How the Company Makes Money
Atsugi makes money mainly by selling legwear and related apparel products. Its core revenue stream is product sales (e.g., stockings/pantyhose/socks and adjacent innerwear/apparel), where the company captures margin between manufacturing/procureme...
Atsugi Co., Ltd. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
74
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.69B | 21.47B | 21.88B | 21.21B | 20.50B | 21.45B |
| Gross Profit | 6.74B | 6.67B | 6.94B | 6.85B | 5.38B | 5.12B |
| EBITDA | -514.00M | -470.00M | -280.00M | 4.00M | -1.69B | -1.81B |
| Net Income | -907.00M | -1.14B | -376.00M | 1.33B | -1.22B | -1.83B |
Balance Sheet | ||||||
| Total Assets | 39.78B | 39.90B | 40.85B | 42.01B | 40.69B | 42.23B |
| Cash, Cash Equivalents and Short-Term Investments | 4.68B | 3.63B | 5.41B | 3.87B | 4.79B | 6.31B |
| Total Debt | 927.00M | 462.00M | 1.06B | 1.07B | 1.38B | 1.85B |
| Total Liabilities | 8.86B | 7.89B | 9.18B | 8.57B | 9.75B | 10.09B |
| Stockholders Equity | 30.91B | 32.01B | 31.66B | 33.44B | 30.93B | 32.15B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.67B | -2.39B | -2.62B | -2.57B | -1.76B |
| Operating Cash Flow | 0.00 | -388.00M | 415.00M | -1.34B | -1.36B | -748.00M |
| Investing Cash Flow | 0.00 | -1.18B | 719.00M | 456.00M | 760.00M | -1.04B |
| Financing Cash Flow | 0.00 | -674.00M | 53.00M | -472.00M | -471.00M | -616.00M |
Atsugi Co., Ltd. Technical Analysis
Negative
1100.00
Price Trends
1005.02
Negative
1026.00
Negative
1096.19
Negative
Market Momentum
-43.70
Positive
38.34
Neutral
59.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3529, the sentiment is Negative. The current price of 1100 is above the 20-day moving average (MA) of 925.25, above the 50-day MA of 1005.02, and above the 200-day MA of 1096.19, indicating a bearish trend. The MACD of -43.70 indicates Positive momentum. The RSI at 38.34 is Neutral, neither overbought nor oversold. The STOCH value of 59.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3529.
Atsugi Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥175.98B | 12.36 | 10.24% | 2.43% | 7.59% | 9.69% | |
77 Outperform | ¥146.02B | 26.03 | ― | 1.79% | 7.03% | 26.11% | |
62 Neutral | ¥67.29B | 19.13 | 18.28% | 6.12% | 6.69% | -72.72% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥229.64B | 17.21 | 5.31% | 2.29% | -1.37% | 103.53% | |
54 Neutral | ¥113.95B | 243.51 | 2.80% | 3.38% | -4.52% | -92.19% | |
46 Neutral | ¥14.17B | -12.44 | ― | ― | -1.88% | -202.61% |
* Consumer Cyclical Sector Average
JP:3529
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Atsugi Co., Ltd. Corporate Events
Atsugi Deepens Losses, Halts Dividends as It Launches Major Earnings Overhaul
May 21, 2026
Atsugi Corporation reported a slight 1.9% decline in net sales to ¥21.47 billion for the year ended March 31, 2026, while operating loss widened to ¥1.02 billion and loss attributable to owners of parent expanded to ¥1.14 billion. 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.