Yamaki Co., Ltd. (3598) AI Stock Analysis

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Yamaki Co., Ltd.

(TSE/TYO:3598)

Select Model

Rating:46Neutral

Price Target:JPY 159.00▲(3.92% Upside)

Action:reiterated

Date:08/17/26

The score is held down primarily by weak financial performance: a return to losses in 2026, declining revenue, and worsening negative free cash flow alongside elevated leverage and equity erosion. Technical indicators are broadly neutral and do not signal a clear reversal, while valuation is mixed due to a negative P/E (loss-making) with only modest support from a ~1.85% dividend yield.

Positive Factors

Meaningful gross profit dollarsDespite recent top-line pressure, the company still generates meaningful gross profit dollars versus revenue. That persistent gross-dollar base supports potential margin recovery if SG&A is managed and input costs stabilize, aiding durable profitability restoration.

Negative Factors

Elevated leverage and equity erosionDebt exceeding equity and a recent decline in equity materially weaken financial flexibility. Elevated leverage raises interest and covenant risk, limits ability to absorb shocks, and constrains strategic investment, making sustained recovery and funding more difficult over a 2–6 month horizon.

Yamaki Co., Ltd. (3598) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 2.17B
Dividend Yield: 1.96%
Average Volume (3M): 13.63K
Price to Earnings (P/E): -2.2
Beta (1Y): 0.33
Revenue Growth: -9.60%
EPS Growth: -1914.33%
Country: Japan
Employees: 594
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Apparel - Manufacturers

Yamaki Co., Ltd. Business Overview & Revenue Model

Company Description

Yamaki Co., Ltd. focuses on the design, manufacturing, and distribution of shirts for both men and women, primarily catering to the Japanese market. The company sells its merchandise under various brand labels, including LANVIN, LORDSON by CHOYA, CHO...

How the Company Makes Money

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Yamaki Co., Ltd. Financial Statement Overview

Summary

Overall financial performance is weak. The latest year (2026) returned to sizable losses with negative operating earnings and two straight years of declining revenue. Leverage remains elevated with debt exceeding equity and equity eroded further in 2026, reducing financial cushion. Cash flow is the biggest concern: operating cash flow and free cash flow turned negative in 2025 and worsened in 2026, increasing funding/solvency risk if conditions persist.

Income Statement

34Negative

Balance Sheet

42Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	9.66B	9.91B	10.77B	11.45B	11.40B	9.66B
Gross Profit	2.64B	2.72B	3.07B	3.12B	2.70B	1.92B
EBITDA	-242.48M	-216.65M	157.90M	352.53M	77.81M	-848.82M
Net Income	-1.00B	-1.02B	90.04M	214.11M	468.65M	-1.34B
Balance Sheet
Total Assets	10.10B	9.97B	11.31B	11.22B	13.50B	12.94B
Cash, Cash Equivalents and Short-Term Investments	1.66B	1.66B	2.47B	2.03B	2.19B	1.95B
Total Debt	4.25B	4.47B	4.58B	4.38B	5.52B	5.65B
Total Liabilities	6.72B	6.73B	7.05B	7.01B	9.61B	9.34B
Stockholders Equity	3.38B	3.25B	4.26B	4.21B	3.89B	3.59B
Cash Flow
Free Cash Flow	0	-578.49M	-224.20M	615.39M	-23.36M	219.08M
Operating Cash Flow	0	-490.98M	-169.94M	695.62M	31.21M	241.95M
Investing Cash Flow	0	198.44M	770.70M	308.05M	392.16M	-12.81M
Financing Cash Flow	0	-293.31M	-140.00M	-1.21B	-247.33M	-468.57M

Yamaki Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price153.00

Price Trends

50DMA159.02Negative

100DMA159.66Negative

200DMA162.90Negative

Market Momentum

MACD-1.45Negative

RSI43.40Neutral

STOCH67.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3598, the sentiment is Negative. The current price of 153.00 is below the 20-day moving average (MA) of 154.50, below the 50-day MA of 159.02, and below the 200-day MA of 162.90, indicating a bearish trend. The MACD of -1.45 indicates Negative momentum. The RSI at 43.40 is Neutral, neither overbought nor oversold. The STOCH value of 67.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3598.

Yamaki Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3598 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3109	68Neutral	JPY 12.55B	14.38	―	4.94%	25.31%	-6.13%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JP:3600	56Neutral	JPY 2.45B	-38.98	-0.64%	2.81%	0.32%	56.41%
JP:3202	55Neutral	JPY 3.66B	28.42	―	2.46%	-0.32%	165.86%
JP:3598	46Neutral	JPY 2.20B	-2.16	―	1.96%	-9.60%	-1914.33%
JP:3529	44Neutral	JPY 16.03B	-7.11	―	―	-1.28%	-114.44%
JP:3409	42Neutral	JPY 2.56B	-17.23	―	―	9.42%	-43.60%

* Consumer Cyclical Sector Average

Performance Comparison

JP:3598 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3598	Yamaki Co., Ltd.	153.00	-16.00	-9.47%
JP:3600	FUJIX	1780.00	207.40	13.19%
JP:3109	Shikibo Ltd.	1012.00	30.83	3.14%
JP:3202	Daitobo Co.,Ltd.	122.00	14.36	13.34%
JP:3409	Kitanihon Spinning Co., Ltd.	82.00	-54.00	-39.71%
JP:3529	Atsugi Co., Ltd.	981.00	-155.00	-13.64%

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: Aug 17, 2026

Yamaki Co., Ltd. AI Stock Analysis