ANAP Inc. (JP:3189)
:3189
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ANAP Inc.
(3189)
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Rating:43Neutral
Price Target:
¥198.00
▼(-26.39% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance—large ongoing losses and sustained cash burn—despite solid gross margins and an improved latest-year leverage profile. Technicals are also bearish with the stock below major moving averages, and valuation is constrained by negative earnings and no dividend support.
Positive Factors
High gross margins
Sustained gross margins near 48–56% indicate strong underlying product economics and pricing power for ANAP's apparel. That margin cushion improves the odds of eventual operating leverage if fixed costs are controlled, supporting durable margin sustainability versus peers dependent on thin product margins.
Negative Factors
Chronic cash burn
Consistent negative operating and free cash flow, and a large 2025 outflow, indicate the business cannot internally fund operations. Persistent cash burn increases reliance on external financing, which can dilute equity or force cost-focused retrenchment, constraining long-term strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near 48–56% indicate strong underlying product economics and pricing power for ANAP's apparel. That margin cushion improves the odds of eventual operating leverage if fixed costs are controlled, supporting durable margin sustainability versus peers dependent on thin product margins.
Read all positive factors
ANAP Inc. (3189) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.66B
Dividend YieldN/A
Average Volume (3M)86.41K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-34.49%
EPS GrowthN/A
CountryJP
Employees140
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-71.73
Shares Outstanding40,609,400
10 Day Avg. Volume88,370
30 Day Avg. Volume86,413
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.96
Price to Sales (P/S)6.82
P/FCF Ratio-4.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ANAP Inc. Business Overview & Revenue Model
Company Description
ANAP Inc. engages in the apparel retailing business in Japan. It operates in five segments: Internet Retailing Business, Store Retailing Business, Wholesale Distribution Business, Licensing Business, and Metaverse Related Business. It sells its pr...
How the Company Makes Money
ANAP makes money mainly by selling apparel and fashion-related products to end customers. Its core revenue stream is product sales under its own brands, generated through (1) online/direct-to-consumer sales via e-commerce and (2) sales through phy...
ANAP Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 435.79M | 1.77B | 2.71B | 4.22B | 5.06B | 5.08B |
| Gross Profit | 270.02M | 884.61M | 1.30B | 2.24B | 2.75B | 2.84B |
| EBITDA | -226.42M | -2.51B | -1.16B | -1.09B | -428.25M | -670.79M |
| Net Income | -246.01M | -2.66B | -1.19B | -1.16B | -525.55M | -791.43M |
Balance Sheet | ||||||
| Total Assets | 6.65B | 18.32B | 822.86M | 1.67B | 2.57B | 2.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.02B | 748.00M | 170.77M | 424.81M | 919.68M | 666.62M |
| Total Debt | 5.59B | 5.00B | 2.55B | 1.96B | 1.91B | 1.08B |
| Total Liabilities | 6.09B | 5.68B | 2.90B | 2.55B | 2.47B | 1.86B |
| Stockholders Equity | 564.21M | 12.64B | -2.08B | -885.08M | 103.44M | 573.09M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.52B | -790.56M | -673.70M | -636.61M | -535.00M |
| Operating Cash Flow | 0.00 | -1.95B | -747.82M | -597.53M | -580.26M | -397.11M |
| Investing Cash Flow | 0.00 | -10.68B | -28.67M | -55.33M | -43.57M | -230.28M |
| Financing Cash Flow | 0.00 | 13.21B | 523.08M | 170.61M | 876.85M | 435.28M |
ANAP Inc. Technical Analysis
Negative
269.00
Price Trends
246.04
Negative
304.54
Negative
576.53
Negative
Market Momentum
-10.68
Positive
38.58
Neutral
32.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3189, the sentiment is Negative. The current price of 269 is above the 20-day moving average (MA) of 226.70, above the 50-day MA of 246.04, and below the 200-day MA of 576.53, indicating a bearish trend. The MACD of -10.68 indicates Positive momentum. The RSI at 38.58 is Neutral, neither overbought nor oversold. The STOCH value of 32.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3189.
ANAP Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥19.42T | 29.11 | 19.84% | 0.90% | 9.56% | 16.37% | |
72 Outperform | ¥40.77B | 10.95 | ― | 3.62% | -0.98% | -29.86% | |
68 Neutral | ¥733.67B | 16.45 | 8.48% | 2.02% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | ¥27.08B | 13.91 | ― | 4.99% | -7.21% | -5127.88% | |
43 Neutral | ¥8.66B | -1.54 | ― | ― | -34.49% | ― |
* Consumer Cyclical Sector Average
JP:3189
ANAP Inc.
215.00
-271.00
-55.76%
JP:9983
FAST RETAILING CO
61,780.00
18,136.81
41.56%
JP:8227
SHIMAMURA Co
3,315.00
513.35
18.32%
JP:2792
HONEYS HOLDINGS CO. LTD.
1,463.00
-127.95
-8.04%
JP:3548
BAROQUE JAPAN LIMITED
752.00
86.59
13.01%
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.