Syuppin Co., Ltd. (3179) AI Stock Analysis

• Market Cap: ¥21.54B
• Dividend Yield: 3.57%
• Average Volume (3M): 74.86K
• Price to Earnings (P/E): 19.2
• Beta (1Y): 0.49
• Revenue Growth: -2.73%
• EPS Growth: -51.48%
• Country: JP
• Employees: 244
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 15.33
• Shares Outstanding: 22,196,991
• 10 Day Avg. Volume: 74,090
• 30 Day Avg. Volume: 74,856
• PEG Ratio: -0.79
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 27.42
• 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: 66 Neutral
• Price Target: ¥1,304.00 ▲(16.22% Upside)

Syuppin Co., Ltd. shows strong financial performance with robust revenue growth and a stable financial structure, which is the most significant factor in its score. However, technical indicators suggest bearish momentum, and the stock appears overvalued based on its P/E ratio. The dividend yield provides some compensation for the high valuation, but overall, the stock faces challenges in market sentiment and valuation.

Positive Factors

Revenue Growth

The consistent revenue growth demonstrates Syuppin's expanding market reach and effective business model in the luxury goods e-commerce sector.

Balance Sheet Health

A strong balance sheet with increasing equity and improved leverage management enhances financial stability and investor confidence.

Gross Profit Margin

A rising gross profit margin indicates effective cost management and pricing power, supporting long-term profitability.

Negative Factors

Net Profit Margin Decline

A declining net profit margin suggests challenges in cost control or pricing strategy, potentially impacting long-term profitability.

Cash Flow Variability

Variability in cash flow can indicate operational inefficiencies, affecting the company's ability to fund growth and return capital to shareholders.

Operating Cash Flow Decline

A decline in operating cash flow may hinder the company's ability to sustain operations and invest in growth opportunities.

Syuppin Co., Ltd. Business Overview & Revenue Model

Company Description

Syuppin Co., Ltd. (3179) is a Japanese company specializing in the online retail of luxury goods, particularly pre-owned designer items. The company operates primarily in the e-commerce sector, offering a wide range of products including fashion apparel, accessories, and watches. Syuppin focuses on providing a platform for customers to buy and sell authenticated second-hand luxury items, catering to a growing market of environmentally-conscious consumers looking for sustainable shopping options.

How the Company Makes Money

Syuppin generates revenue primarily through the sale of pre-owned luxury goods on its e-commerce platform. The company earns money by taking a commission on every transaction made through its platform, which includes both direct sales and consignment sales from individual sellers. Additionally, Syuppin may offer premium services such as authentication, valuation, and marketing support for sellers, which can provide additional revenue streams. The company also benefits from partnerships with luxury brands and other retailers that can enhance its product offerings and attract a broader customer base.

Syuppin Co., Ltd. Financial Statement Overview

Summary

Syuppin Co., Ltd. demonstrates robust revenue growth and a solid financial structure. The income statement shows strong growth, but the slight dip in net profit margin suggests room for improvement in cost management. The balance sheet reflects financial stability with improved leverage management, and the cash flow statement indicates areas to enhance cash generation consistency.

Income Statement

Syuppin Co., Ltd. has shown strong revenue growth over the past years, notably increasing from 33.96 billion yen in 2021 to 52.66 billion yen in 2025. The gross profit margin is healthy, with a consistent rise, reaching 18.3% in 2025. However, the net profit margin has slightly decreased to 3.84% in 2025 from previous years. This indicates good revenue growth but a slight decline in net income efficiency. Despite this, EBIT and EBITDA margins have remained relatively stable, reflecting operational strength.

Balance Sheet

The balance sheet reflects a steady increase in stockholders' equity, indicating strong shareholder value growth. The debt-to-equity ratio has improved, reflecting better leverage management, with a ratio of 0.44 in 2025. However, the equity ratio has slightly decreased, indicating a modest increase in the proportion of liabilities relative to assets. Overall, the balance sheet depicts a stable financial position with manageable leverage.

Cash Flow

The cash flow statements show variability in free cash flow, with a peak in 2024 followed by a decline in 2025. Operating cash flow has also decreased, indicating a potential area of concern. However, the company maintains a positive free cash flow to net income ratio, reflecting effective cash generation relative to net income. This indicates potential to improve cashflow consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.12B	52.66B	48.84B	45.62B	43.45B	33.96B
Gross Profit	9.20B	9.65B	9.13B	7.75B	8.04B	6.30B
EBITDA	2.83B	3.18B	3.54B	2.65B	3.40B	1.73B
Net Income	1.46B	2.02B	2.32B	1.70B	2.21B	1.07B
Balance Sheet
Total Assets	17.58B	18.09B	16.06B	15.07B	14.41B	12.61B
Cash, Cash Equivalents and Short-Term Investments	2.22B	1.73B	1.32B	1.42B	1.17B	1.83B
Total Debt	5.20B	4.49B	4.30B	5.81B	5.56B	3.93B
Total Liabilities	8.28B	7.92B	7.80B	8.59B	8.94B	6.21B
Stockholders Equity	9.29B	10.17B	8.27B	6.48B	5.47B	6.40B
Cash Flow
Free Cash Flow	0.00	896.20M	1.96B	799.27M	985.05M	-842.00M
Operating Cash Flow	0.00	1.21B	2.36B	1.24B	1.30B	-388.62M
Investing Cash Flow	0.00	-847.88M	-412.66M	-444.69M	-390.47M	-439.83M
Financing Cash Flow	0.00	52.53M	-2.05B	-549.12M	-1.56B	-873.05M

Syuppin Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1122.00
• 50DMA: Negative
• 100DMA: Negative
• 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:3179, the sentiment is Negative. The current price of 1122 is below the 20-day moving average (MA) of 1164.65, below the 50-day MA of 1224.88, and below the 200-day MA of 1163.19, indicating a bearish trend. The MACD of -34.42 indicates Positive momentum. The RSI at 37.10 is Neutral, neither overbought nor oversold. The STOCH value of 38.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3179.

Syuppin Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3181	80 Outperform	¥3.28B	10.66	―	1.12%	24.10%	-15.55%
2674	74 Outperform	¥27.52B	12.43	―	3.83%	7.88%	-5.92%
3134	67 Neutral	¥7.77B	8.52	―	2.05%	13.52%	-42.59%
3179	66 Neutral	¥21.54B	19.21	―	3.57%	-2.73%	-51.48%
3093	65 Neutral	¥39.44B	13.76	―	2.25%	17.90%	14.14%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Syuppin Co., Ltd. Corporate Events

Syuppin Co., Ltd. Reports Sales Growth in November 2025

In November 2025, Syuppin Co., Ltd. reported a year-on-year increase in net sales, driven by strong performance in its core camera business and robust tax-free sales in the watch segment. Despite a decline in e-commerce sales due to higher retail store turnover, the company maintained a steady growth in online membership, indicating a stable customer base.

Syuppin Co., Ltd. Announces Extraordinary General Meeting to Amend Director Terms

Syuppin Co., Ltd. has announced the convening of an Extraordinary General Meeting (EGM) scheduled for January 22, 2026, following a shareholder’s request. The agenda includes a proposal to amend the Articles of Incorporation to reduce the term of directors from two years to one year, aiming to enhance accountability and responsiveness to market changes. The meeting will also address the election of one director and three outside directors, reflecting the company’s strategic focus on strengthening its governance structure.

Syuppin Co., Ltd. Enhances Financial Data Transparency with XBRL Addition

Syuppin Co., Ltd. has announced the addition of numerical data in XBRL format to its financial results for the six months ended September 30, 2025. This update, which does not alter the previously disclosed document, aims to enhance data accessibility and transparency for stakeholders, reinforcing the company’s commitment to clear financial communication.

Syuppin Co., Ltd. Considers New Outside Director to Enhance Investor Relations

Syuppin Co., Ltd. has announced its consideration of a candidate for an Outside Director following a request from certain shareholders to convene an Extraordinary General Meeting. The candidate, Katsuya Nobuzane, has a strong background in long-term investment and global capital markets, and his expertise is expected to enhance the company’s capital allocation and investor relations strategies. By incorporating Nobuzane’s investor-oriented perspective, Syuppin aims to maximize corporate value and meet the expectations of global investors.

Syuppin Co., Ltd. Reduces Executive Compensation Amid Financial Forecast Revision

Syuppin Co., Ltd. has announced a reduction in executive compensation following a downward revision of its financial forecast for the fiscal year ending March 31, 2026. This decision, effective from November 2025 to January 2026, reflects the company’s commitment to taking responsibility and striving for future growth, as management aims to recover performance and maintain stakeholder confidence.

Syuppin Co., Ltd. Reports Mixed Sales Trends for October 2025

In October 2025, Syuppin Co., Ltd. experienced a decline in e-commerce sales within its core camera business, affecting both new and used products. However, the watch segment showed a positive trend with sales surpassing last year’s figures through both online and retail channels. The company also saw a steady increase in new online members, indicating a growing customer base.

Syuppin Co., Ltd. Reports Decline in Semi-Annual Financial Results

Syuppin Co., Ltd. reported a decline in its non-consolidated financial results for the six months ended September 30, 2025, with net sales decreasing by 7.9% and operating profit dropping by 53.5% compared to the previous year. The company’s financial position showed a reduction in total assets and net assets, indicating potential challenges in maintaining its market position and profitability.

Syuppin Co., Ltd. Revises Financial Forecasts Amid Sales Challenges

Syuppin Co., Ltd. has revised its financial forecasts for the fiscal year ending March 31, 2026, due to lower-than-expected sales in its core camera and watch businesses. The absence of major new product launches and increased costs have impacted profitability, leading to a downward revision of net sales, operating income, and net income. Despite these challenges, the company plans to maintain its annual dividend, citing the temporary nature of the setbacks and potential for recovery.

Syuppin Co., Ltd. Sets Record Date for Extraordinary Shareholders Meeting

Syuppin Co., Ltd. has announced the setting of a record date for an upcoming Extraordinary General Meeting of Shareholders, following a request from a shareholder. The record date is set for November 20, 2025, determining which shareholders are eligible to vote. The company will provide further details on the meeting’s agenda and logistics once finalized.

Syuppin Co., Ltd. Receives Request for Extraordinary Shareholder Meeting

Syuppin Co., Ltd. has received a request from a shareholder, TAKUMI CAPITAL MANAGEMENT MASTER FUND LP, to convene an Extraordinary General Meeting of Shareholders. The request includes the election of three new outside directors. The company is reviewing the request and will announce its response policy after careful consideration.

Syuppin Co., Ltd. Reports Strong September Sales Growth

In September 2025, Syuppin Co., Ltd. reported a significant increase in net sales, driven by strong performance in its core camera business and successful promotional events. While the watch segment showed some sluggishness, overall sales, including e-commerce and duty-free, achieved double-digit growth, reflecting the company’s effective market strategies and increasing online membership.