Tabio Corporation (2668) AI Stock Analysis

• Market Cap: ¥8.82B
• Dividend Yield: 2.31%
• Average Volume (3M): 3.50K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.04
• Revenue Growth: 1.12%
• EPS Growth: 33.94%
• Country: JP
• Employees: 279
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 5.61
• Shares Outstanding: 6,813,880
• 10 Day Avg. Volume: 4,920
• 30 Day Avg. Volume: 3,496
• PEG Ratio: 1.46
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 10.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥1,365.00 ▲(5.32% Upside)

Tabio Corporation's strong financial performance, characterized by revenue growth and improved profitability, is the most significant factor driving the score. Technical indicators support a positive trend, while valuation metrics suggest the stock is fairly valued with a reasonable dividend yield.

Positive Factors

Revenue Growth

Steady revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business sustainability.

Cash Flow Management

Strong cash flow management supports operational needs and strategic investments, ensuring financial flexibility and stability.

Profit Margin Improvement

Enhanced profitability through improved margins reflects efficient cost management and operational effectiveness, boosting shareholder value.

Negative Factors

Limited Market Presence

Focusing on a niche product line could restrict growth potential and market diversification, impacting long-term scalability.

Industry Competition

Intense competition in the apparel sector may pressure pricing and margins, challenging market share retention and growth.

Debt Levels

While low leverage is generally positive, it may limit the company's ability to finance large-scale expansions or strategic acquisitions.

Tabio Corporation Business Overview & Revenue Model

Company Description

Tabio Corporation plans, manufactures, wholesales, and retails socks. The company offers five finger, plain, ankle, crew, high, over knee high, and parts socks; foot covers and cover socks; tights; short, wedding, and all-through stockings; and sports socks comprising running, golf, soccer and futsal, and yoga socks, as well as leg warmers. It also provides health/beauty socks, including inner, pressure, and cold socks, as well as socks for swelling, foot fatigue, foot odor, shoe slip, and sleep measures; leggings and spats; and fresher, ceremonial occasion, suit casual, and long shoe socks. The company offers its products through a chain of franchised and directly managed stores. The company was formerly known as DAN Co., Ltd. and changed its name to Tabio Corporation in September 2006. Tabio Corporation was founded in 1968 and is headquartered in Osaka, Japan.

How the Company Makes Money

Tabio Corporation generates revenue through the sale of its hosiery products across various channels, including its own branded retail stores, online platforms, and wholesale distribution to other retailers. The company's revenue model is primarily based on product sales, with key revenue streams coming from both domestic and international markets. Tabio leverages its brand reputation for quality and style, which allows it to maintain a competitive pricing strategy. Additionally, partnerships with fashion retailers and collaborations with designers contribute to its market presence and sales growth. The company also benefits from seasonal trends and consumer preferences for high-quality and fashionable hosiery.

Tabio Corporation Financial Statement Overview

Summary

Tabio Corporation demonstrates solid financial health with consistent revenue growth, improved profit margins, and strong cash flow generation. The balance sheet is stable with low debt levels, and the company shows a positive financial trajectory.

Income Statement

Tabio Corporation has shown consistent revenue growth over the past years, with a notable increase from ¥115.1 billion in 2021 to ¥168.5 billion in 2025. The gross profit margin has been stable, around 56% in 2025, reflecting efficient production and cost management. The net profit margin improved significantly from a negative position in 2021 to 3.1% in 2025, indicating enhanced profitability. EBIT and EBITDA margins are healthy, with an upward trend, suggesting operational efficiency improvements.

Balance Sheet

The company's balance sheet shows a solid equity base with a debt-to-equity ratio of 0.20 in 2025, indicating low financial leverage and a conservative capital structure. The equity ratio is strong at 56.7%, demonstrating a stable financial position. Return on equity has improved from negative in 2021 to 10.8% in 2025, reflecting better utilization of shareholders' equity. Overall, the balance sheet is stable, with manageable debt levels and growing equity.

Cash Flow

Operating cash flow has grown significantly, reaching ¥950.6 million in 2025, indicating strong cash generation from operations. Free cash flow has turned positive since 2024, showing effective cash management and investment returns. The operating cash flow to net income ratio is robust at 1.83, suggesting efficient cash conversion. Overall, cash flow management is strong, with a positive trajectory in free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.83B	16.85B	16.22B	15.26B	13.68B	11.51B
Gross Profit	9.59B	9.49B	9.17B	8.63B	7.68B	6.36B
EBITDA	1.06B	972.71M	781.75M	534.65M	307.30M	-1.01B
Net Income	606.51M	520.08M	469.36M	232.38M	183.93M	-1.55B
Balance Sheet
Total Assets	8.49B	8.52B	7.68B	7.73B	7.75B	7.61B
Cash, Cash Equivalents and Short-Term Investments	1.56B	2.07B	1.54B	2.60B	2.83B	2.51B
Total Debt	428.00M	949.36M	719.30M	897.72M	1.07B	1.31B
Total Liabilities	3.57B	3.69B	3.21B	3.71B	3.76B	3.70B
Stockholders Equity	4.92B	4.83B	4.47B	4.02B	3.99B	3.91B
Cash Flow
Free Cash Flow	0.00	807.22M	-114.06M	338.77M	619.95M	-890.19M
Operating Cash Flow	0.00	950.60M	356.24M	610.13M	841.13M	-692.63M
Investing Cash Flow	0.00	-252.71M	-865.59M	-267.31M	-16.74M	-181.49M
Financing Cash Flow	0.00	-180.19M	-560.60M	-579.16M	-504.18M	586.10M

Tabio Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1296.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2668, the sentiment is Positive. The current price of 1296 is above the 20-day moving average (MA) of 1273.55, above the 50-day MA of 1252.64, and above the 200-day MA of 1208.70, indicating a bullish trend. The MACD of 13.76 indicates Negative momentum. The RSI at 68.72 is Neutral, neither overbought nor oversold. The STOCH value of 70.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2668.

Tabio Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8135	78 Outperform	¥8.98B	3.09	―	4.00%	7.77%	247.26%
2668	76 Outperform	¥8.82B	14.49	―	2.31%	1.12%	33.94%
3320	71 Outperform	¥10.00B	6.40	―	2.79%	-2.28%	36.25%
2438	64 Neutral	¥5.85B	-22.21	―	2.01%	-0.15%	-270.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7494	47 Neutral	¥7.99B	16.88	―	4.17%	-10.82%	―
2769	45 Neutral	¥7.62B	-1.92	―	―	-4.54%	-261.55%