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Aigan Co., Ltd.
(9854)
Select Model
Select Model
Rating:64Neutral
Price Target:
¥301.00
▲(73.99% Upside)
Action:Reiterated
Date:07/11/26
The score is driven primarily by improving financial performance and a very strong low-leverage balance sheet, which reduces financial risk. Technicals also support the rating due to a strong uptrend, though momentum is stretched and could mean volatility. The main drag is valuation: the high P/E is difficult to justify without stronger and more durable margins and cash-flow conversion.
Positive Factors
Near-zero debt balance sheet
Near-zero debt lowers interest and refinancing risk while substantial equity provides resilience through weaker retail conditions. This conservative structure gives Aigan flexibility to fund stores, inventory and operations without relying heavily on creditors.
Negative Factors
Thin net profitability
A net margin around 1% leaves limited protection against wage, occupancy, inventory or other cost pressure. Even after the earnings turnaround, small adverse changes in demand or gross margin could materially reduce profits and weaken returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero debt balance sheet
Near-zero debt lowers interest and refinancing risk while substantial equity provides resilience through weaker retail conditions. This conservative structure gives Aigan flexibility to fund stores, inventory and operations without relying heavily on creditors.
Read all positive factors
Aigan Co., Ltd. (9854) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.63B
Dividend YieldN/A
Average Volume (3M)56.45K
Price to Earnings (P/E)15.7
Beta (1Y)0.16
Revenue Growth3.17%
EPS Growth470.97%
CountryJP
Employees666
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)18.24
Shares Outstanding21,076,155
10 Day Avg. Volume38,560
30 Day Avg. Volume56,446
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. operates a chain of optical retail establishments across Japan. The company provides a diverse range of eyewear, encompassing prescription glasses, sunglasses, and other complementary vision-related merchandise. As of March 31, 2020...
How the Company Makes Money
Aigan generates revenue mainly by selling eyewear products to end customers through its retail channels. The core revenue stream is the sale of prescription eyeglasses, where it earns product sales revenue from frames and lenses, and it may also e...
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 | 15.55B | 15.28B | 14.86B | 14.66B | 14.20B | 13.80B |
| Gross Profit | 10.79B | 10.56B | 10.09B | 10.04B | 9.88B | 9.55B |
| EBITDA | 643.00M | 451.00M | 276.00M | 93.00M | -468.00M | -364.00M |
| Net Income | 354.00M | 155.00M | 3.00M | -181.00M | -803.00M | -690.00M |
Balance Sheet | ||||||
| Total Assets | 14.49B | 14.29B | 13.85B | 14.08B | 13.99B | 14.63B |
| Cash, Cash Equivalents and Short-Term Investments | 4.53B | 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 | 2.14B | 2.01B | 1.84B | 1.97B | 1.84B | 1.71B |
| Stockholders Equity | 12.35B | 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
Positive
173.00
Price Trends
279.40
Positive
258.77
Positive
241.56
Positive
Market Momentum
3.65
Negative
59.16
Neutral
62.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9854, the sentiment is Positive. The current price of 173 is below the 20-day moving average (MA) of 284.20, below the 50-day MA of 279.40, and below the 200-day MA of 241.56, indicating a bullish trend. The MACD of 3.65 indicates Negative momentum. The RSI at 59.16 is Neutral, neither overbought nor oversold. The STOCH value of 62.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9854.
Aigan Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥87.28B | 13.97 | ― | 2.11% | 6.44% | 14.03% | |
66 Neutral | ¥50.14B | 127.16 | ― | 3.31% | 2.60% | ― | |
64 Neutral | ¥5.63B | 15.73 | ― | ― | 3.17% | 470.97% | |
63 Neutral | ¥298.54B | 13.50 | 12.70% | 2.50% | 6.75% | 19.91% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ¥10.46B | -66.54 | ― | 3.08% | 1.52% | -207.24% |
* General Sector Average
JP:9854
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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.