SHINTO Holdings,Inc. (2776) AI Stock Analysis

• Market Cap: ¥7.52B
• Dividend Yield: N/A
• Average Volume (3M): 487.20K
• Price to Earnings (P/E): 158.3
• Beta (1Y): 0.08
• Revenue Growth: 157.12%
• EPS Growth: N/A
• Country: JP
• Employees: 70
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 2.94
• Shares Outstanding: 53,377,500
• 10 Day Avg. Volume: 734,130
• 30 Day Avg. Volume: 487,203
• PEG Ratio: -2.86
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 49.50
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ¥152.00 ▲(26.67% Upside)
• Action: Reiterated Date: 12/13/25
• Date: Action: Reiterated 12/13/25

SHINTO Holdings, Inc. demonstrates strong financial performance with significant improvements in profitability and cash flow. However, high leverage and an elevated P/E ratio pose risks. Technical indicators show short-term bullish momentum, but longer-term resistance remains.

Positive Factors

Revenue Growth & Margin Turnaround

A ~95% revenue increase and margins moving from losses to a positive net margin show a structural recovery in demand and better cost control. Sustained top-line growth and margin normalization can underpin reinvestment, operational scaling, and continued profitability expansion over the medium term.

Positive Free Cash Flow

Generating positive FCF and a strong operating cash flow to net income ratio demonstrates the company now converts earnings into cash reliably. Durable cash generation supports capex, debt servicing, and strategic initiatives without needing frequent external financing, improving financial flexibility.

Improving Returns & Capital Structure

ROE improvement and a moderate equity ratio indicate better capital utilization and a gradually strengthening balance sheet. While levels remain modest, the trend reflects management effectiveness in extracting returns and provides a foundation for sustainable profitability and incremental reinvestment.

Negative Factors

High Leverage

A debt-to-equity near 2x represents material leverage that constrains strategic flexibility. Elevated indebtedness raises refinancing and interest-rate exposure risks, limits capacity to invest, and increases vulnerability if cash flows weaken, potentially forcing asset sales or austerity measures.

Thin Absolute Margins

Despite improvement, very low absolute margins leave little buffer against cost inflation or pricing pressure common in apparel manufacturing. Thin profitability constrains the ability to fund growth initiatives, absorb cyclical downturns, or invest consistently in product and brand development.

Limited Scale

Operating with a small workforce and limited scale reduces bargaining power, purchasing leverage, and diversification. In capital- and margin-sensitive apparel manufacturing, smaller scale can hinder cost competitiveness, geographic expansion, and resilience to sector competition over the medium term.

SHINTO Holdings,Inc. Business Overview & Revenue Model

Company Description

SHINTO Holdings, Inc. engages in the wholesale of apparel in Japan. It operates through Apparel Business, Real Estate-Related Business, and Trade Business segment. The Apparel Business segment offers casual wear, and cut-and-sew products including T-shirts and trainers products. The Real Estate-Related Business segment engages in the sale of real estate properties and brokerage business services. The Trade Business segment provides import and export transaction services, which include polyethylene terephthalate, etc.; and recycled plastic products. The company is also engaged in liquor sales business. The company was formerly known as Crymson Co.,Ltd. and changed its name to Shinto Holdings, Inc. in October 2017. Shinto Holdings, Inc. was incorporated in 1984 and is headquartered in Tokyo, Japan.

How the Company Makes Money

SHINTO Holdings generates revenue through several key streams, including rental income from its real estate portfolio, which consists of commercial, residential, and industrial properties. The company also earns significant revenue from its hospitality segment, which includes hotels and leisure facilities, drawing income from both accommodation and ancillary services. Additionally, SHINTO Holdings invests in renewable energy projects, generating revenue through the sale of energy and government incentives associated with sustainable initiatives. Strategic partnerships with local developers and businesses further enhance its market reach and profitability, while ongoing investments in technology and sustainability initiatives are aimed at reducing operational costs and improving service offerings.

SHINTO Holdings,Inc. Financial Statement Overview

Summary

SHINTO Holdings, Inc. has shown significant improvements in revenue growth, profitability, and cash flow generation. The positive turnaround in net profit margin and strong cash flow management are notable, though high leverage remains a risk.

Income Statement

SHINTO Holdings, Inc. has demonstrated strong revenue growth with a significant rise from previous years, notably a 95.4% increase from 2024 to 2025. The gross profit margin improved to 4.87% in 2025 from 2.10% in 2024, indicating better cost management. The net profit margin turned positive at 0.13% in 2025, showcasing a turnaround from previous losses. The EBIT and EBITDA margins have also improved, although they remain relatively low, highlighting potential for further operational efficiency improvements.

Balance Sheet

The company's balance sheet shows a debt-to-equity ratio of 1.93, indicating a high level of leverage, which could pose risks if not managed properly. The equity ratio is moderate at 24.02%, suggesting a balanced asset structure. Return on Equity (ROE) improved significantly to 1.10% in 2025, reflecting enhanced profitability and capital utilization, although there's room for further improvement.

Cash Flow

SHINTO Holdings, Inc. has exhibited strong cash flow management with a positive free cash flow of ¥99 million in 2025, a significant recovery from negative figures in prior years. The operating cash flow to net income ratio is robust at 22.06, indicating efficient cash generation from operations relative to reported net income. This strong cash position supports future investment and debt management.

Breakdown	TTM	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Income Statement
Total Revenue	20.28B	12.30B	6.29B	4.02B	4.77B	711.68M
Gross Profit	864.16M	599.07M	132.27M	246.12M	559.18M	121.78M
EBITDA	148.24M	156.00M	-337.86M	-141.56M	154.71M	-156.42M
Net Income	-100.57M	16.54M	-394.07M	-212.48M	64.31M	-164.32M
Balance Sheet
Total Assets	7.47B	6.04B	1.41B	2.00B	1.43B	1.39B
Cash, Cash Equivalents and Short-Term Investments	220.79M	203.62M	180.73M	425.29M	282.09M	126.59M
Total Debt	3.35B	2.80B	243.72M	271.69M	224.68M	399.85M
Total Liabilities	5.70B	4.37B	566.90M	740.92M	516.01M	777.18M
Stockholders Equity	1.51B	1.45B	821.61M	1.22B	898.34M	610.00M
Cash Flow
Free Cash Flow	0.00	99.00M	-238.90M	-411.20M	122.58M	-343.38M
Operating Cash Flow	0.00	353.00M	-206.75M	-383.05M	136.06M	-342.73M
Investing Cash Flow	0.00	-268.00M	6.35M	-69.07M	-15.88M	147.00K
Financing Cash Flow	0.00	-159.83M	-44.00M	569.49M	24.49M	164.01M

SHINTO Holdings,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 120.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2776, the sentiment is Positive. The current price of 120 is below the 20-day moving average (MA) of 132.85, below the 50-day MA of 128.72, and below the 200-day MA of 134.35, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 63.83 is Neutral, neither overbought nor oversold. The STOCH value of 87.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2776.

SHINTO Holdings,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3569	78 Outperform	¥196.10B	13.54	10.24%	2.43%	6.08%	8.55%
3104	75 Outperform	¥120.03B	24.35	―	1.79%	10.76%	54.82%
3002	66 Neutral	¥154.04B	48.89	2.34%	3.38%	>-0.01%	-49.83%
2776	65 Neutral	¥7.52B	158.32	―	―	157.12%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3591	59 Neutral	¥238.39B	19.95	5.31%	2.29%	-6.04%	146.54%