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Aigan Co., Ltd.
(9854)
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Rating:62Neutral
Price Target:
¥310.00
▲(79.19% Upside)
Action:Reiterated
Date:10/24/26
The score is driven mainly by improving profitability and a very strong, low-leverage balance sheet, tempered by still-thin margins and a history of weak cash conversion despite the recent cash flow rebound. Technicals add moderate support via an uptrend, while valuation appears reasonable but not especially compelling.
Positive Factors
Very Low Leverage
An effectively debt-free balance sheet gives Aigan substantial resilience through weaker trading conditions and preserves flexibility for store investment, operations, or other capital needs. Low leverage also limits interest burden and refinancing exposure, supporting stability over the next several quarters.
Negative Factors
Thin Profit Margins
A net margin of roughly 1% leaves limited protection if operating costs increase or consumer demand softens. Even with improving earnings, the narrow profit buffer means relatively small execution or demand setbacks could materially reduce profitability and slow internal cash accumulation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
An effectively debt-free balance sheet gives Aigan substantial resilience through weaker trading conditions and preserves flexibility for store investment, operations, or other capital needs. Low leverage also limits interest burden and refinancing exposure, supporting stability over the next several quarters.
Read all positive factors
Aigan Co., Ltd. (9854) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.55B
Dividend Yield1.33%
Average Volume (3M)34.19K
Price to Earnings (P/E)15.7
Beta (1Y)0.13
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. Volume46,250
30 Day Avg. Volume34,193
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...
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
277.58
Positive
268.91
Positive
254.30
Positive
Market Momentum
2.41
Negative
58.67
Neutral
84.38
Negative
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 270.55, below the 50-day MA of 277.58, and below the 200-day MA of 254.30, indicating a bullish trend. The MACD of 2.41 indicates Negative momentum. The RSI at 58.67 is Neutral, neither overbought nor oversold. The STOCH value of 84.38 is Negative, 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 | ¥86.19B | 13.91 | ― | 2.40% | 6.44% | 14.03% | |
62 Neutral | ¥5.55B | 15.68 | ― | 1.33% | 3.17% | 470.97% | |
62 Neutral | ¥287.76B | 14.14 | 11.38% | 2.86% | 6.84% | 16.44% | |
62 Neutral | ¥46.60B | 118.29 | ― | 3.32% | 2.60% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ¥10.46B | -12.21 | ― | 3.04% | 1.08% | -7985.78% |
* General 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.