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WACOAL HOLDINGS
(3591)
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Rating:53Neutral
Price Target:
¥3,740.00
▼(-13.23% Downside)
Action:Reiterated
Date:08/17/26
The score is held up by a conservative, low-leverage balance sheet, but is weighed down by weakened TTM profitability and deteriorating free cash flow. Technicals add additional pressure (trading below major moving averages with negative MACD), and valuation is a key constraint due to the extremely high P/E despite only a moderate dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage gives Wacoal financial flexibility in a cyclical consumer category. It reduces interest and refinancing pressure, preserves capacity to fund product development or distribution, and provides greater resilience if apparel demand weakens over the next several quarters.
Negative Factors
Near-breakeven profitability
Extremely thin TTM profitability means modest changes in sales, costs, or promotions can materially affect earnings. The very low return on equity also shows that Wacoal’s sizable asset and equity base is currently producing limited shareholder returns, weakening earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Wacoal financial flexibility in a cyclical consumer category. It reduces interest and refinancing pressure, preserves capacity to fund product development or distribution, and provides greater resilience if apparel demand weakens over the next several quarters.
Read all positive factors
WACOAL HOLDINGS (3591) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥191.84B
Dividend Yield2.7%
Average Volume (3M)103.54K
Price to Earnings (P/E)166.5
Beta (1Y)0.39
Revenue Growth1.78%
EPS Growth-93.82%
CountryJP
Employees14,784
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)22.28
Shares Outstanding52,500,000
10 Day Avg. Volume117,180
30 Day Avg. Volume103,543
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.95
Price to Sales (P/S)1.16
P/FCF Ratio39.52
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)100.4
Revenue Forecast (FY)¥186.90B
WACOAL HOLDINGS Business Overview & Revenue Model
Company Description
Wacoal Holdings Corp. specializes in the design, production, and distribution of a wide array of products, including lingerie, innerwear, outer garments, athletic wear, and various other textile items and fashion accessories. Its market presence s...
How the Company Makes Money
Wacoal Holdings makes money primarily by selling apparel—especially women’s innerwear (e.g., bras, shapewear/foundation garments, lingerie) and related products—through its consolidated subsidiaries. Revenue is generated from (1) domestic sales in...
WACOAL HOLDINGS Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 175.46B | 171.51B | 173.90B | 187.21B | 188.59B | 172.07B |
| Gross Profit | 100.61B | 98.23B | 87.25B | 93.76B | 95.38B | 86.58B |
| EBITDA | 12.78B | 31.61B | 18.12B | 3.90B | 12.02B | 15.00B |
| Net Income | 1.01B | 13.12B | 6.99B | -8.63B | -1.64B | 1.73B |
Balance Sheet | ||||||
| Total Assets | 291.90B | 292.31B | 272.18B | 294.03B | 285.66B | 299.18B |
| Cash, Cash Equivalents and Short-Term Investments | 31.75B | 44.17B | 23.42B | 33.55B | 26.78B | 37.48B |
| Total Debt | 24.33B | 24.31B | 26.84B | 20.64B | 20.41B | 25.30B |
| Total Liabilities | 76.26B | 79.87B | 77.29B | 78.89B | 72.18B | 78.31B |
| Stockholders Equity | 212.83B | 209.60B | 191.82B | 211.83B | 210.20B | 217.99B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 5.02B | 2.44B | 9.48B | 4.46B | 10.00B |
| Operating Cash Flow | 3.85B | 8.35B | 4.94B | 11.29B | 7.33B | 16.62B |
| Investing Cash Flow | 9.90B | 36.10B | 9.38B | 14.13B | 4.30B | -2.93B |
| Financing Cash Flow | -20.46B | -26.14B | -22.93B | -20.29B | -22.94B | -41.12B |
WACOAL HOLDINGS Technical Analysis
Negative
4310.00
Price Trends
4159.82
Negative
4284.09
Negative
4307.49
Negative
Market Momentum
-119.74
Positive
26.54
Positive
9.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3591, the sentiment is Negative. The current price of 4310 is above the 20-day moving average (MA) of 3940.86, above the 50-day MA of 4159.82, and above the 200-day MA of 4307.49, indicating a bearish trend. The MACD of -119.74 indicates Positive momentum. The RSI at 26.54 is Positive, neither overbought nor oversold. The STOCH value of 9.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3591.
WACOAL HOLDINGS Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥139.82B | 14.83 | 11.39% | 2.96% | 2.97% | 9.44% | |
75 Outperform | ¥176.78B | 12.00 | 10.34% | 2.30% | 11.57% | 10.78% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥120.03B | 28.14 | 4.18% | 3.63% | -4.36% | 49.85% | |
56 Neutral | ¥70.38B | 17.60 | 4.13% | 3.31% | 16.25% | -71.70% | |
53 Neutral | ¥191.84B | 166.47 | 0.49% | 2.70% | 1.78% | -93.82% | |
51 Neutral | ¥17.13B | -13.64 | ― | 2.29% | -0.62% | -33.86% |
* Consumer Cyclical Sector Average
JP:3591
WACOAL HOLDINGS
3,709.00
-1,728.53
-31.79%
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WACOAL HOLDINGS Corporate Events
Wacoal lifts revenue but faces sharp profit squeeze in first quarter
Aug 10, 2026
Wacoal Holdings reported consolidated revenue of ¥48.9 billion for the three months ended June 30, 2026, an 8.8% increase year on year, but saw sharp declines in profitability, with business profit down 34.3% and profit attributable to owners...
Wacoal Completes Disposal of Treasury Stock for Restricted Share Compensation
Jul 17, 2026
Wacoal Holdings Corp. has completed the disposal of 9,800 shares of its treasury stock as restricted stock compensation, following a June 29, 2026 board resolution. The shares, priced at 4,411 yen each for a total value of 43,227,800 yen, were gra...
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.