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Axas Holdings Co., Ltd.
(3536)
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Rating:44Neutral
Price Target:
¥124.00
▼(-3.88% Downside)
Action:Reiterated
Date:10/15/26
The score is driven primarily by weak financial quality—high leverage, thin/declining profitability, and negative recent free cash flow—which increases risk despite strong recent revenue growth. Technical signals are largely neutral, and valuation is a headwind given the very high P/E with only a modest dividend yield.
Positive Factors
Strong Revenue Growth
Sustained revenue growth, including especially strong 2026 expansion, indicates improving top-line momentum across the operating portfolio. If maintained, this scale can broaden the company’s earnings base and provide greater opportunity to absorb fixed costs over the next several quarters.
Negative Factors
Heavy Leverage
Debt-to-equity of roughly five to seven times leaves the company highly exposed to refinancing needs and downturn conditions. Heavy leverage can restrict investment and capital-allocation choices, while increasing the financial consequences if operating performance weakens over the next two to six months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue growth, including especially strong 2026 expansion, indicates improving top-line momentum across the operating portfolio. If maintained, this scale can broaden the company’s earnings base and provide greater opportunity to absorb fixed costs over the next several quarters.
Read all positive factors
Axas Holdings Co., Ltd. (3536) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.76B
Dividend Yield1.61%
Average Volume (3M)17.89K
Price to Earnings (P/E)85.5
Beta (1Y)0.34
Revenue Growth4.07%
EPS Growth-80.19%
CountryJP
Employees135
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)16.96
Shares Outstanding30,325,253
10 Day Avg. Volume39,320
30 Day Avg. Volume17,890
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)1.68
Price to Sales (P/S)0.31
P/FCF Ratio-7.09
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
Axas Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Axas Holdings Co.,Ltd. engages in the distribution and retail of cosmetics, household goods, sports and outdoor gear products, alcoholic beverages, gardening and DIY products, and pharmaceuticals. It is also involved in the import and export of co...
How the Company Makes Money
Axas Holdings primarily makes money through revenues generated by its operating subsidiaries, with earnings consolidated at the holding-company level. Key sources typically include (1) sales of goods and services delivered by its retail and servic...
Axas Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.41B | 12.63B | 12.13B | 11.72B | 11.06B | 11.33B |
| Gross Profit | 3.14B | 3.19B | 2.80B | 2.72B | 2.88B | 2.96B |
| EBITDA | 620.17M | 573.69M | 574.78M | 409.17M | 510.49M | 764.38M |
| Net Income | 514.05M | 43.85M | 221.31M | 31.37M | 1.03M | 258.14M |
Balance Sheet | ||||||
| Total Assets | 16.91B | 16.11B | 15.68B | 16.61B | 17.65B | 18.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 885.64M | 800.87M | 1.34B | 797.92M | 2.38B |
| Total Debt | 12.82B | 12.31B | 12.08B | 13.10B | 12.79B | 15.25B |
| Total Liabilities | 14.45B | 13.80B | 13.49B | 14.58B | 15.57B | 16.76B |
| Stockholders Equity | 2.46B | 2.31B | 2.20B | 2.03B | 2.08B | 2.18B |
Cash Flow | ||||||
| Free Cash Flow | -2.11B | -547.65M | -2.11B | 441.32M | 1.04B | -1.88B |
| Operating Cash Flow | -1.19B | 158.70M | -1.19B | 749.53M | 1.27B | -400.87M |
| Investing Cash Flow | 1.77B | -235.12M | 1.77B | -348.90M | -153.62M | -1.48B |
| Financing Cash Flow | -1.11B | 160.97M | -1.11B | 143.03M | -2.70B | 205.04M |
Axas Holdings Co., Ltd. Technical Analysis
Negative
129.00
Price Trends
127.18
Negative
127.46
Negative
127.98
Negative
Market Momentum
-0.90
Positive
35.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3536, the sentiment is Negative. The current price of 129 is above the 20-day moving average (MA) of 126.35, above the 50-day MA of 127.18, and above the 200-day MA of 127.98, indicating a bearish trend. The MACD of -0.90 indicates Positive momentum. The RSI at 35.32 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3536.
Axas Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥6.32B | 9.29 | ― | 2.39% | 0.16% | 6.35% | |
71 Outperform | ¥1.73B | 10.83 | ― | 4.92% | -6.17% | -55.84% | |
65 Neutral | ¥5.32B | 28.98 | ― | 1.61% | 3.17% | -27.27% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ¥5.89B | 36.78 | ― | 1.64% | -1.71% | 314.83% | |
53 Neutral | ¥4.88B | 13.42 | ― | ― | -14.09% | -22.72% | |
44 Neutral | ¥3.76B | 85.52 | ― | 1.61% | 4.07% | -80.19% |
* Consumer Defensive Sector Average
JP:3536
Axas Holdings Co., Ltd.
124.00
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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.