Amagasa Co., Ltd. (3070) AI Stock Analysis

• Market Cap: ¥7.38B
• Dividend Yield: N/A
• Average Volume (3M): 2.63M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: 80.23%
• EPS Growth: 63.77%
• Country: JP
• Employees: 30
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 1.32
• Shares Outstanding: 79,444,000
• 10 Day Avg. Volume: 868,370
• 30 Day Avg. Volume: 2,630,266
• PEG Ratio: 0.29
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 1.79
• P/FCF Ratio: -2.51
• 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: 47 Neutral
• Price Target: ¥101.00 ▲(38.36% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is primarily held down by weak financial performance driven by sustained losses and persistent negative operating/free cash flow. Technicals are mixed (some near-term support but below the 200-day average), while valuation remains unattractive given the negative P/E and lack of dividend data.

Positive Factors

Focused footwear retail model

Amagasa operates a focused footwear business handling planning, procurement and sales and sells under its own and handled brands. This vertical control of assortment and sourcing supports durable product differentiation, inventory management and channel flexibility across retail formats.

Revenue rebound in 2026

A sharp revenue rebound and improved gross profit dollars in 2026 provide a more scalable top line that can absorb fixed costs and improve operating leverage if sustained. Lasting sales growth creates a path to restore margins provided cost control and mix improvements continue.

Improved leverage and equity

The 2026 balance-sheet improvement—notably stronger equity and manageable debt—gives the company greater financial flexibility to fund operations, invest in merchandising or weather shortfalls. Lower leverage reduces immediate refinancing and covenant pressures over the medium term.

Negative Factors

Multi-year operating losses

Sustained operating and net losses over multiple years indicate structural profitability issues rather than a one-off setback. Deep negative margins have eroded earnings power, constrain reinvestment, and mean the company must materially change cost structure or pricing to achieve stable, durable profitability.

Chronic negative cash generation

Persistent negative operating and free cash flow, including a large 2026 outflow, signals ongoing cash burn and reliance on external funding or equity to sustain operations. This undermines long-term durability by heightening liquidity and financing risk unless operating cash conversion improves.

Historical balance-sheet volatility

Prior periods of very low equity and elevated leverage point to fragile financial resilience historically. Even with recent improvement, past volatility raises the risk that renewed losses or cash burn could quickly reverse gains, increasing borrowing costs and limiting strategic options.

Amagasa Co., Ltd. Business Overview & Revenue Model

Company Description

Amagasa Co., Ltd. plans, develops, wholesales, and retails non-leather women's footwear in Japan. The company offers its products primarily under the JELLY BEANS brand. It also imports and exports women's shoes. It sells its products to specialty shoe stores, department stores, and apparel customers. The company also operates online shops. Amagasa Co., Ltd. was founded in 1976 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Amagasa makes money mainly by selling footwear products. Revenue is generated when the company plans and selects product assortments (often coordinating design/merchandising and sourcing), procures inventory, and sells shoes to customers through its sales channels (e.g., physical retail and/or other distribution routes). Its earnings are therefore driven by (1) product sales volume, (2) average selling prices and product mix (e.g., higher-margin categories or brands), and (3) gross margin management through sourcing costs, inventory control, and markdown/discount policies. If the company operates multiple store formats or channels, it typically earns revenue per channel based on retail sell-through, while profitability depends on store operating costs (rent, labor) and logistics. Specific breakdowns of revenue streams, named brands, channel mix, and material partnerships are null.

Amagasa Co., Ltd. Financial Statement Overview

Summary

Income statement and cash flow are the key drags: multi-year operating and net losses and consistently negative operating/free cash flow, with a larger cash outflow in 2026. The balance sheet looks improved in 2026 with stronger equity and relatively manageable debt, but ongoing losses and cash burn keep overall financial performance weak.

Income Statement

Revenue rebounded sharply in 2026 (annual) versus 2025, but profitability remains deeply challenged. The company has produced multi-year operating losses and net losses (2021–2026), with net margins strongly negative in the years provided (roughly -33% to -65% from 2021–2025). Gross profit dollars improved with the 2026 revenue surge, yet the business still failed to translate that into positive operating earnings, indicating that cost structure and/or one-off charges continue to overwhelm gross profit.

Balance Sheet

Leverage looks manageable in the most recent year (2026 annual) with debt relatively small versus equity, and equity expanded substantially versus prior years—an improvement from the very high leverage seen in 2021. That said, the historical trend shows meaningful balance-sheet volatility (equity was very low in 2021–2024 and leverage metrics were elevated at times), and persistent losses remain a risk to balance-sheet durability if they continue.

Cash Flow

Cash generation is the weakest area: operating cash flow and free cash flow have been consistently negative across all years shown, with a particularly large cash outflow in 2026 (annual) versus prior years. While earlier periods showed free cash flow broadly tracking net losses (suggesting losses were not heavily inflated by non-cash items), the ongoing and worsening cash burn raises financing and liquidity risk unless operating performance improves materially.

Breakdown	TTM	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022
Income Statement
Total Revenue	1.22B	3.59B	831.62M	919.75M	1.39B	1.57B
Gross Profit	574.57M	1.36B	409.49M	531.85M	834.47M	811.96M
EBITDA	-491.26M	-28.48M	-522.83M	-572.38M	-634.11M	-784.23M
Net Income	-588.02M	-254.58M	-519.97M	-596.31M	-697.67M	-861.68M
Balance Sheet
Total Assets	2.09B	6.63B	629.00M	596.43M	647.24M	948.97M
Cash, Cash Equivalents and Short-Term Investments	521.32M	1.02B	265.17M	310.06M	312.11M	476.62M
Total Debt	856.57M	338.62M	181.78M	215.63M	252.47M	294.91M
Total Liabilities	1.18B	1.71B	423.20M	482.96M	530.70M	626.55M
Stockholders Equity	910.10M	4.92B	205.80M	113.47M	116.54M	322.42M
Cash Flow
Free Cash Flow	0.00	-2.56B	-624.24M	-615.02M	-618.80M	-894.62M
Operating Cash Flow	0.00	-2.48B	-621.29M	-610.82M	-606.53M	-886.06M
Investing Cash Flow	0.00	-1.79B	-1.16M	62.66M	-8.69M	-31.53M
Financing Cash Flow	0.00	5.02B	574.87M	554.33M	448.75M	513.99M

Amagasa Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 73.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3070, the sentiment is Negative. The current price of 73 is below the 20-day moving average (MA) of 102.85, below the 50-day MA of 98.86, and below the 200-day MA of 142.25, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 45.25 is Neutral, neither overbought nor oversold. The STOCH value of 28.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3070.

Amagasa Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2792	72 Outperform	¥41.52B	10.95	―	3.62%	-0.98%	-29.86%
8227	68 Neutral	¥746.94B	16.45	8.48%	2.02%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3070	47 Neutral	¥7.38B	-25.24	―	―	80.23%	63.77%
7603	41 Neutral	¥3.33B	-1.51	―	―	-7.88%	-11.22%
3189	40 Underperform	¥8.46B	-1.54	―	―	-34.49%	―