Aigan Co., Ltd. (JP:9854)
:9854
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Aigan Co., Ltd.
(9854)
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Rating:56Neutral
Price Target:
¥237.00
▲(36.99% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving financial performance and a very strong, near-zero-debt balance sheet, which reduces financial risk. However, weak technicals (below key moving averages with negative MACD) and a relatively high P/E versus still-thin profitability and uneven cash conversion keep the overall score in the mid range.
Positive Factors
Very low debt balance sheet
Near-zero debt gives Aigan durable financial flexibility to fund store operations, inventory and modest investments without refinancing risk. This conservatism reduces bankruptcy risk during downturns and supports steady capital allocation over the next several quarters.
Negative Factors
Thin net margins
Net margins near 1% leave limited buffer against cost inflation, competitive pricing pressure, or traffic declines. Small margin levers mean modest revenue swings can wipe out profits, making long-term margin sustainability fragile absent structural improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low debt balance sheet
Near-zero debt gives Aigan durable financial flexibility to fund store operations, inventory and modest investments without refinancing risk. This conservatism reduces bankruptcy risk during downturns and supports steady capital allocation over the next several quarters.
Read all positive factors
Aigan Co., Ltd. (9854) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.33B
Dividend YieldN/A
Average Volume (3M)158.61K
Price to Earnings (P/E)27.9
Beta (1Y)0.23
Revenue Growth2.83%
EPS Growth5062.77%
CountryJP
Employees702
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)3.20
Shares Outstanding21,076,155
10 Day Avg. Volume96,070
30 Day Avg. Volume158,613
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.38
Price to Sales (P/S)0.30
P/FCF Ratio48.52
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)N/A
Revenue Forecast (FY)N/A
Aigan Co., Ltd. Business Overview & Revenue Model
Company Description
Aigan Co.,Ltd. develops and operates a chain of eyeglasses specialty stores in Japan. The company offers eyeglasses, sunglasses, and other related products. As of March 31, 2020, it operated 228 optician stores and 3 photo studios. The company was...
How the Company Makes Money
Aigan generates revenue mainly through the sale of eyewear products to consumers via its retail store network. Its primary revenue stream is prescription eyeglasses, which typically bundle (1) frames and (2) lenses, including standard and value-ad...
Aigan Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.07B | 15.28B | 14.86B | 14.66B | 14.20B | 13.80B |
| Gross Profit | 10.24B | 10.56B | 10.09B | 10.04B | 9.88B | 9.55B |
| EBITDA | 116.00M | 399.00M | 51.00M | 63.00M | -230.00M | -351.00M |
| Net Income | 62.00M | 155.00M | 3.00M | -181.00M | -803.00M | -690.00M |
Balance Sheet | ||||||
| Total Assets | 13.95B | 14.29B | 13.85B | 14.08B | 13.99B | 14.63B |
| Cash, Cash Equivalents and Short-Term Investments | 3.97B | 4.59B | 4.30B | 4.36B | 4.62B | 5.05B |
| Total Debt | 0.00 | 0.00 | 0.00 | 4.00M | 3.00M | 3.00M |
| Total Liabilities | 2.01B | 2.01B | 1.84B | 1.97B | 1.84B | 1.71B |
| Stockholders Equity | 11.94B | 12.28B | 12.01B | 12.10B | 12.14B | 12.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 96.00M | -379.00M | -332.00M | -341.00M | -652.00M |
| Operating Cash Flow | 0.00 | 333.00M | -155.00M | -87.00M | -97.00M | -358.00M |
| Investing Cash Flow | 0.00 | -40.00M | 94.00M | -166.00M | -16.00M | 273.00M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Aigan Co., Ltd. Technical Analysis
Negative
173.00
Price Trends
245.54
Negative
239.81
Negative
216.99
Positive
Market Momentum
-6.03
Positive
40.66
Neutral
22.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9854, the sentiment is Negative. The current price of 173 is below the 20-day moving average (MA) of 235.70, below the 50-day MA of 245.54, and below the 200-day MA of 216.99, indicating a neutral trend. The MACD of -6.03 indicates Positive momentum. The RSI at 40.66 is Neutral, neither overbought nor oversold. The STOCH value of 22.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9854.
Aigan Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥300.51B | 15.36 | 11.17% | 2.61% | 5.12% | 12.69% | |
63 Neutral | ¥76.76B | 15.82 | ― | 2.11% | 4.97% | -22.34% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥4.33B | 27.92 | ― | ― | 2.83% | 5062.77% | |
56 Neutral | ¥45.40B | -19.65 | ― | 3.31% | 0.69% | -377.37% | |
43 Neutral | ¥10.35B | -50.61 | ― | 3.08% | 2.51% | -235.45% |
* Consumer Cyclical Sector Average
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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.