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BAROQUE JAPAN LIMITED (3548) AI Stock Analysis

JP:3548

BAROQUE JAPAN LIMITED

(TSE/TYO:3548)

Select Model
Rating:38Underperform
Price Target:JPY 510.00â–¼(-2.49% Downside)
Action:reiterated
Date:10/29/26

The stock scores very poorly, driven primarily by weak financial performance and deeply bearish technicals. Declining revenue, thin margins, and deteriorating cash flows raise serious concerns about the company's operational health. The stock is in a strong downtrend across all timeframes. While the high dividend yield offers a potential bright spot, it is likely unsustainable and does not offset the fundamental and technical risks.

Positive Factors
Owned-brand omnichannel modelThe company controls proprietary brands and reaches customers through both physical stores and e-commerce. This integrated model supports direct customer access, merchandising control, and multiple sales channels, giving the business a durable platform for adapting its retail mix over the next several quarters.
Negative Factors
Revenue contractionSeveral periods of declining revenue, including an approximately 9.6% FY2026 contraction, indicate weakening demand or reduced sales productivity. Persistent top-line pressure can limit operating leverage, reduce the ability to absorb fixed retail costs, and make a durable earnings recovery more difficult.

BAROQUE JAPAN LIMITED (3548) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%JP:3548-25.76%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 18.91B
Dividend Yield
7.12%
Average Volume (3M)
155.58K
Price to Earnings (P/E)
-16.5
Beta (1Y)
0.41
Revenue Growth
-9.23%
EPS Growth
47.73%
Country
Japan
Employees
1,266
Sector
Consumer Cyclical
Sector Strength
61
Industry
Apparel - Retail

BAROQUE JAPAN LIMITED Business Overview & Revenue Model

Company Description

Baroque Japan Limited, together with its subsidiaries, engages in the retail and wholesale of apparel and accessories in Japan, China, Hong Kong, South Korea, and the United States. It designs and sells clothing apparel for women, men, and kids, as w...

How the Company Makes Money

BAROQUE JAPAN LIMITED makes money primarily by selling apparel and related fashion products under its owned brands through two main channels: (1) retail sales at directly operated physical stores and (2) online sales via e-commerce. Revenue is genera...

BAROQUE JAPAN LIMITED Financial Statement Overview

Summary

Financial performance is weak. Revenue is declining, operating and net margins are razor-thin, and cash flow generation has deteriorated sharply. The balance sheet shows equity erosion, though leverage remains moderate. Overall, the company's financial health is under significant pressure.

Income Statement

28Negative

Balance Sheet

42Neutral

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMFeb 2025Feb 2024Feb 2023Feb 2022Feb 2021
Income Statement
Total Revenue50.17B51.50B58.18B60.29B58.84B50.59B
Gross Profit29.63B30.93B33.10B34.26B33.41B27.85B
EBITDA428.00M1.38B-977.00M2.63B1.83B1.81B
Net Income-1.14B366.00M-2.57B945.00M243.00M375.00M
Balance Sheet
Total Assets29.42B32.59B34.05B37.26B37.24B38.34B
Cash, Cash Equivalents and Short-Term Investments7.85B11.32B11.30B12.18B14.74B15.92B
Total Debt7.00B8.00B8.00B8.00B8.00B9.13B
Total Liabilities17.42B17.88B15.25B15.05B15.16B17.43B
Stockholders Equity12.00B14.71B15.63B19.30B19.52B19.31B
Cash Flow
Free Cash Flow0227.00M1.60B-1.24B809.00M-817.00M
Operating Cash Flow0819.00M2.20B1.56B2.04B142.00M
Investing Cash Flow0560.00M-1.80B-2.87B-1.27B-920.00M
Financing Cash Flow0-1.44B-1.44B-1.43B-1.38B615.00M

BAROQUE JAPAN LIMITED Technical Analysis

Technical Analysis SentimentNegative
Last Price523.00

Price Trends

50DMA658.48Negative
100DMA696.14Negative
200DMA721.39Negative

Market Momentum

MACD-33.31Positive
RSI15.11Positive
STOCH1.92Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3548, the sentiment is Negative. The current price of 523.00 is below the 20-day moving average (MA) of 609.25, below the 50-day MA of 658.48, and below the 200-day MA of 721.39, indicating a bearish trend. The MACD of -33.31 indicates Positive momentum. The RSI at 15.11 is Positive, neither overbought nor oversold. The STOCH value of 1.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3548.

BAROQUE JAPAN LIMITED Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:3548 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:2726JP:272677OutperformJPY 274.12B14.18―2.73%7.11%57.75%
JP:8227JP:822771OutperformJPY 743.40B15.579.11%2.24%5.20%11.08%
JP:9983JP:998371OutperformJPY 23.68T42.6220.26%1.13%16.55%25.27%
JP:2792JP:279267NeutralJPY 38.93B15.98―3.95%-3.56%-29.47%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
JP:3548JP:354838UnderperformJPY 19.23B-16.55―7.12%-9.23%47.73%

* Consumer Cyclical Sector Average

Performance Comparison

-20%0%20%40%60%JP:3548JP:9983JP:8227JP:2726JP:2792Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3548 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3548BAROQUE JAPAN LIMITED523.00-184.36-26.06%
JP:9983FAST RETAILING CO 75360.0020835.1438.21%
JP:8227SHIMAMURA Co 3348.0088.052.70%
JP:2726PAL GROUP Holdings Co., Ltd.1467.00-532.24-26.62%
JP:2792HONEYS HOLDINGS CO. LTD.1393.00-41.73-2.91%

BAROQUE JAPAN LIMITED Corporate Events

Baroque Japan Slashes FY2027 Outlook After Store Closure and Profit Hit

Oct 15, 2026

Baroque Japan Limited has booked an extraordinary impairment loss of 555 million yen following the closure of its The SHEL’TTER TOKYO store in Tokyu Plaza Omotesando, a decision driven by rising rents and weaker Chinese inbound tourism. The clo...

Baroque Japan Limited Releases Q2 FY2027 Financial Data Book

Oct 15, 2026

Baroque Japan Limited released supplemental materials for its fiscal year ending February 2027, outlining consolidated and non-consolidated financial results for the second quarter. The data book details trends in quarterly performance, selling, gene...

BAROQUE JAPAN Updates FY2027/02 Outlook and Domestic Apparel Strategy

Oct 15, 2026

BAROQUE JAPAN LIMITED released semi-annual consolidated financial results for FY2027/02, detailing performance across domestic apparel segments and key brands such as AZUL BY MOUSSY. The company outlined trends in existing store performance, changes...

Baroque Japan Swings to Interim Loss, Cuts Full-Year Outlook but Keeps Dividend

Oct 15, 2026

BAROQUE JAPAN LIMITED reported a challenging first half for the fiscal year ending February 28, 2027, with consolidated net sales falling 5.4% year on year to ¥23.47 billion and a swing to a net loss. Operating profit turned to a loss of ¥9...

Baroque Japan Corrects Voting Rights Figure in Major Shareholder Notice

Oct 7, 2026

Baroque Japan Limited has issued a correction to its previously disclosed notice regarding changes in major shareholders released on October 7, 2026. The company identified an error in the reported percentage of total voting rights held after the cha...

Baroque Japan Reports Minor Change in Major Shareholder ORIX

Oct 7, 2026

Baroque Japan Limited has reported a minor change in its major shareholder structure following a share sale by ORIX Corporation, a diversified financial services group. ORIX’s holding in Baroque Japan decreased slightly from 10.00% to 9.99% of...

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.

Date of analysis: Oct 29, 2026