Atsugi Co., Ltd. (3529) AI Stock Analysis

• Market Cap: ¥18.29B
• Dividend Yield: N/A
• Average Volume (3M): 66.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: 3.72%
• EPS Growth: -160.46%
• Country: JP
• Employees: 1,443
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -31.86
• Shares Outstanding: 17,319,569
• 10 Day Avg. Volume: 27,340
• 30 Day Avg. Volume: 66,853
• PEG Ratio: 0.37
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.81
• P/FCF Ratio: -7.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: ¥1,117.00 ▲(1.55% Upside)

Atsugi Co., Ltd. shows financial stability with a strong balance sheet but faces significant challenges in profitability and cash flow. Technical indicators suggest a neutral market position, while valuation metrics highlight unprofitability concerns.

Atsugi Co., Ltd. Business Overview & Revenue Model

Company Description

Atsugi Co., Ltd. (3529) is a prominent Japanese company primarily engaged in the manufacturing and sales of hosiery, lingerie, and other textile products. The company operates in the apparel sector, offering a wide range of products that cater to both domestic and international markets. Atsugi is known for its innovative designs and high-quality materials, positioning itself as a leader in the fashion and textile industries.

How the Company Makes Money

Atsugi Co., Ltd. generates revenue primarily through the sale of its hosiery and lingerie products, which are distributed through various channels, including retail stores, e-commerce platforms, and partnerships with other fashion brands. The company benefits from strong brand recognition and customer loyalty, which drives consistent sales. Additionally, Atsugi engages in strategic collaborations with retailers and fashion designers, enhancing its market presence and expanding its customer base. The company's revenue model is further supported by seasonal product launches and marketing campaigns that boost consumer interest and drive sales.

Atsugi Co., Ltd. Financial Statement Overview

Summary

Atsugi Co., Ltd. faces challenges in profitability and cash flow, with negative net and EBIT margins. However, the company has a strong balance sheet with low debt levels, providing some financial stability.

Income Statement

Atsugi Co., Ltd. has demonstrated inconsistent revenue growth with a recent rebound in 2025 after a decline in 2024. The gross profit margin is relatively stable, but the company struggles with profitability, indicated by negative net and EBIT margins over the years. The EBITDA margin showed improvement in 2025, yet remains weak compared to industry standards.

Balance Sheet

The company maintains a strong equity position with a high equity ratio. However, the return on equity is negative due to net losses. The debt-to-equity ratio is low, indicating minimal leverage risk, which is a positive aspect in terms of financial stability.

Cash Flow

Atsugi Co., Ltd.'s cash flow situation is mixed. Operating cash flow has improved in 2025 but remains low compared to net income. Free cash flow has shown significant volatility, with a negative trend in recent years. The company faces challenges in translating earnings into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.69B	21.88B	21.21B	20.50B	21.45B	16.23B
Gross Profit	6.74B	6.94B	6.85B	5.38B	5.12B	3.69B
EBITDA	-117.00M	326.00M	2.35B	-714.00M	-1.35B	-3.48B
Net Income	-907.00M	-376.00M	1.33B	-1.22B	-1.83B	-3.83B
Balance Sheet
Total Assets	39.78B	40.85B	42.01B	40.69B	42.23B	44.34B
Cash, Cash Equivalents and Short-Term Investments	4.68B	5.41B	3.87B	4.79B	6.31B	8.11B
Total Debt	927.00M	1.06B	909.00M	1.38B	1.85B	2.32B
Total Liabilities	8.86B	9.18B	8.57B	9.76B	10.09B	10.39B
Stockholders Equity	30.91B	31.66B	33.44B	30.93B	32.15B	33.83B
Cash Flow
Free Cash Flow	0.00	-2.39B	-3.50B	-3.21B	-1.87B	-3.12B
Operating Cash Flow	0.00	415.00M	-1.34B	-1.36B	-748.00M	-2.95B
Investing Cash Flow	0.00	719.00M	456.00M	760.00M	-1.04B	522.00M
Financing Cash Flow	0.00	53.00M	-472.00M	-471.00M	-616.00M	2.07B

Atsugi Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1100.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3529, the sentiment is Positive. The current price of 1100 is below the 20-day moving average (MA) of 1110.75, below the 50-day MA of 1119.84, and below the 200-day MA of 1102.22, indicating a bullish trend. The MACD of 6.74 indicates Negative momentum. The RSI at 60.01 is Neutral, neither overbought nor oversold. The STOCH value of 95.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3529.

Atsugi Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9275	78 Outperform	―	―	―	―	5.89%	11.19%
3611	74 Outperform	¥22.33B	10.19	―	3.99%	17.07%	-18.86%
7460	70 Outperform	¥25.71B	9.37	―	4.44%	0.69%	29.02%
3501	68 Neutral	¥17.05B	13.66	―	2.45%	1.50%	241.33%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3529	49 Neutral	¥18.29B	―	―	―	3.72%	-160.46%
8107	45 Neutral	¥10.75B	―	―	―	48.75%	-620.85%

Atsugi Co., Ltd. Corporate Events

Atsugi Co., Ltd. Reports Q1 Loss but Anticipates Year-End Recovery

Atsugi Co., Ltd. reported a decline in financial performance for the three months ended June 30, 2025, with net sales decreasing by 4.2% compared to the same period last year. The company experienced a significant drop in operating and ordinary profits, resulting in a loss attributable to owners of the parent. Despite the current downturn, Atsugi forecasts a positive turnaround for the full fiscal year ending March 31, 2026, with an expected increase in net sales and a return to profitability, which could potentially improve its market position and stakeholder confidence.