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Axas Holdings Co., Ltd.
(3536)
Select Model
Select Model
Rating:56Neutral
Price Target:
¥134.00
▲(5.51% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by below-average financial quality—very high leverage and inconsistent cash generation (including negative operating and free cash flow in 2025) despite improved profitability. Technicals are broadly neutral, while the low P/E and modest dividend yield provide valuation support.
Positive Factors
Revenue Recovery
A return to revenue growth indicates improving demand across the operating subsidiaries and provides a foundation for earnings recovery. Sustained sales expansion could help absorb fixed costs and strengthen the holding company's consolidated profit base over the next several quarters.
Negative Factors
Very High Leverage
The aggressive capital structure leaves limited equity protection and increases exposure to refinancing costs, interest-rate changes, and earnings volatility. High leverage can constrain investment in the operating businesses and make downturns more damaging to long-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A return to revenue growth indicates improving demand across the operating subsidiaries and provides a foundation for earnings recovery. Sustained sales expansion could help absorb fixed costs and strengthen the holding company's consolidated profit base over the next several quarters.
Read all positive factors
Axas Holdings Co., Ltd. (3536) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.97B
Dividend Yield1.55%
Average Volume (3M)23.69K
Price to Earnings (P/E)7.6
Beta (1Y)0.33
Revenue Growth3.36%
EPS Growth353.53%
CountryJP
Employees135
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)N/A
Shares Outstanding30,325,253
10 Day Avg. Volume20,460
30 Day Avg. Volume23,690
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.81
Price to Sales (P/S)0.33
P/FCF Ratio-1.88
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
54
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.41B | 12.13B | 11.72B | 11.06B | 11.33B | 11.81B |
| Gross Profit | 3.14B | 2.80B | 2.72B | 2.88B | 2.96B | 3.02B |
| EBITDA | 612.57M | 574.78M | 409.17M | 510.49M | 764.38M | 628.76M |
| Net Income | 514.05M | 221.31M | 31.37M | 1.03M | 258.14M | 205.47M |
Balance Sheet | ||||||
| Total Assets | 16.91B | 15.68B | 16.61B | 17.65B | 18.94B | 18.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 800.87M | 1.34B | 797.92M | 2.38B | 4.06B |
| Total Debt | 12.82B | 12.08B | 13.10B | 12.79B | 15.25B | 14.93B |
| Total Liabilities | 14.45B | 13.49B | 14.58B | 15.57B | 16.76B | 16.52B |
| Stockholders Equity | 2.46B | 2.20B | 2.03B | 2.08B | 2.18B | 2.02B |
Cash Flow | ||||||
| Free Cash Flow | -2.11B | -2.11B | 441.32M | 1.04B | -1.88B | -637.67M |
| Operating Cash Flow | -1.19B | -1.19B | 749.53M | 1.27B | -400.87M | 158.06M |
| Investing Cash Flow | 1.77B | 1.77B | -348.90M | -153.62M | -1.48B | -439.00M |
| Financing Cash Flow | -1.11B | -1.11B | 143.03M | -2.70B | 205.04M | 1.07B |
Axas Holdings Co., Ltd. Technical Analysis
Negative
127.00
Price Trends
130.02
Negative
130.07
Negative
129.63
Negative
Market Momentum
0.06
Positive
41.97
Neutral
66.67
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 127 is below the 20-day moving average (MA) of 130.30, below the 50-day MA of 130.02, and below the 200-day MA of 129.63, indicating a bearish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, 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 | ¥1.71B | 8.80 | ― | ― | -6.17% | -55.84% | |
74 Outperform | ¥6.52B | 9.60 | ― | 2.29% | 0.16% | 6.35% | |
65 Neutral | ¥5.35B | 29.17 | ― | 1.68% | 3.17% | -27.27% | |
64 Neutral | ¥5.95B | 30.63 | ― | 1.62% | -2.17% | 402.41% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | ¥3.97B | 7.61 | ― | 1.57% | 3.36% | 353.53% | |
50 Neutral | ¥5.22B | 20.74 | ― | ― | -18.19% | -65.57% |
* Consumer Defensive Sector Average
JP:3536
Axas Holdings Co., Ltd.
129.00
-1.00
-0.77%
JP:4918
Ivy Cosmetics Corporation
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JP:4925
HABA Laboratories, Inc.
1,727.00
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1.04%
JP:4926
C'BON COSMETICS Co., Ltd.
1,250.00
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ADJUVANT HOLDINGS CO., LTD.
739.00
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-1.96%
JP:4934
Premier Anti-Aging Co., Ltd.
597.00
-296.00
-33.15%
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.