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Cox Co., Ltd. (9876) AI Stock Analysis

JP:9876

Cox Co., Ltd.

(TSE/TYO:9876)

Select Model
Rating:75Outperform
Price Target:JPY 254.00â–²(19.81% Upside)
Action:reiterated
Date:08/06/26

Cox Co., Ltd. earns a solid overall score primarily driven by its pristine, zero-debt balance sheet and highly attractive valuation (P/E of 6.9). While disciplined cost management has stabilized profitability, minor headwinds in cash flow generation and top-line stagnation present slight risks. Furthermore, subdued technical momentum indicates the stock may lack near-term catalysts, though its underlying fundamentals remain exceptionally stable.

Positive Factors
Debt-free balance sheetA zero-debt balance sheet materially lowers financial risk and interest burden, giving durable flexibility to fund inventory, capex, or strategic initiatives from internal resources. This conservative capital structure supports resilience through retail cycles and preserves optionality for long-term investments.
Negative Factors
Revenue contractionA slight revenue decline in 2026 reflects demand softness in apparel, which is structural for margin-sensitive retail. Without top-line growth, scale benefits and gross margin leverage are constrained, making sustained profit expansion harder and increasing reliance on cost cuts or mix improvement to drive long-term earnings.

Cox Co., Ltd. (9876) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%30%JP:9876-6.22%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 5.83B
Dividend Yield
―
Average Volume (3M)
18.80K
Price to Earnings (P/E)
8.2
Beta (1Y)
0.28
Revenue Growth
-2.38%
EPS Growth
-35.79%
Country
Japan
Employees
288
Sector
General
Sector Strength
55
Industry
Apparel - Footwear & Accessories

Cox Co., Ltd. Business Overview & Revenue Model

Company Description

Cox Co., Ltd., operating with its subsidiary, serves as a significant apparel retailer throughout Japan. The company's activities encompass not only retail but also the conceptualization, production, and merchandising of clothing and various other go...

How the Company Makes Money

Cox Co., Ltd. makes money primarily by selling apparel and related fashion goods to consumers. Revenue is generated through (1) in-store retail sales at company-operated locations and (2) online sales through e-commerce channels, with earnings driven...

Cox Co., Ltd. Financial Statement Overview

Summary

Cox Co., Ltd. presents a highly robust financial profile anchored by a flawless, zero-debt balance sheet and strong equity growth. While top-line revenue has slightly contracted and cash flow generation has softened recently, stable profit margins and disciplined cost management maintain the company's fundamental soundness.

Income Statement

75Positive

Balance Sheet

95Very Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue14.96B14.96B15.30B14.89B14.86B13.28B
Gross Profit9.27B9.20B9.47B9.23B8.42B7.58B
EBITDA1.51B1.51B1.42B1.49B613.57M-1.14B
Net Income1.07B1.07B1.20B1.14B207.89M-1.37B
Balance Sheet
Total Assets14.92B14.92B13.56B11.95B10.25B9.45B
Cash, Cash Equivalents and Short-Term Investments5.92B5.92B5.39B4.44B3.23B2.08B
Total Debt000000
Total Liabilities4.38B4.38B4.65B4.33B3.98B3.52B
Stockholders Equity10.54B10.54B8.91B7.61B6.26B5.93B
Cash Flow
Free Cash Flow0598.40M973.03M1.18B1.06B-2.55B
Operating Cash Flow0623.29M990.06M1.22B1.21B-2.53B
Investing Cash Flow0-94.72M-40.16M-17.72M-45.34M-33.19M
Financing Cash Flow0-51.00K-6,000-7,000-2,000-24.00K

Cox Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9876 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9876JP:987675OutperformJPY 5.83B8.17――-2.38%-35.79%
JP:2792JP:279267NeutralJPY 38.93B16.03―3.94%-3.56%-29.47%
JP:3566JP:356664NeutralJPY 6.89B11.88―0.73%24.69%50.80%
JP:7494JP:749461NeutralJPY 7.62B4.19―4.37%-8.51%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3189JP:318940UnderperformJPY 7.44B-0.32――19.95%-408.72%
JP:7603JP:760338UnderperformJPY 2.30B-0.23――9.58%-10.49%

* General Sector Average

Performance Comparison

-50%0%50%JP:9876JP:2792JP:3189JP:3566JP:7494JP:7603Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9876 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9876Cox Co., Ltd.211.00-18.00-7.86%
JP:2792HONEYS HOLDINGS CO. LTD.1397.00-37.73-2.63%
JP:3189ANAP Inc.58.00-422.00-87.92%
JP:3566UNIFORM NEXT CO. LTD.681.0045.667.19%
JP:7494Konaka Co., Ltd.229.00-6.94-2.94%
JP:7603Mac House Co., Ltd.25.00-150.00-85.71%
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 06, 2026