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ANAP Inc.
(3189)
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Rating:43Neutral
Price Target:
¥98.00
▼(-63.57% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by weak financial performance: persistent operating losses, sharply worse net results in 2025, and ongoing negative operating/free cash flow create elevated financial risk. Technicals add pressure given the stock remains below longer-term moving averages and MACD is negative, while valuation provides limited support because the company is unprofitable and no dividend yield is available in the data.
Positive Factors
Gross Margin Resilience
Consistently solid gross margins (~48–56%) indicate the core product economics are healthy and provide structural cushion against cost volatility. This margin base supports long‑term gross profit generation, enabling the company to invest in marketing or distribution to scale without immediate margin erosion.
Negative Factors
Persistent Operating Losses
Large, persistent operating losses and an extreme 2025 net margin (~-150%) signal structural profitability issues. Unless fixed costs or SG&A are materially reduced, ongoing losses will erode cash and require strategic changes, undermining long‑term viability even with decent gross margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Resilience
Consistently solid gross margins (~48–56%) indicate the core product economics are healthy and provide structural cushion against cost volatility. This margin base supports long‑term gross profit generation, enabling the company to invest in marketing or distribution to scale without immediate margin erosion.
Read all positive factors
ANAP Inc. (3189) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.75B
Dividend YieldN/A
Average Volume (3M)86.41K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth67.88%
EPS Growth-501.71%
CountryJP
Employees250
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-332.18
Shares Outstanding46,004,300
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 Holdings Inc., together with its subsidiaries, engages in the apparel retailing business in Japan. It is involved in retail and wholesale of clothes; licensing business; operation of beauty salons; provision of relaxation services; and bitcoi...
How the Company Makes Money
ANAP makes money primarily by selling apparel and fashion-related goods under its owned/operated brands. Revenue is generated mainly through (1) direct-to-consumer sales via e-commerce (orders placed on the company’s online storefront(s) and marke...
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 | 2.28B | 1.77B | 2.71B | 4.22B | 5.06B | 5.08B |
| Gross Profit | 622.90M | 884.61M | 1.30B | 2.24B | 2.75B | 2.84B |
| EBITDA | -6.47B | -2.51B | -1.16B | -1.09B | -428.43M | -674.16M |
| Net Income | -12.84B | -2.66B | -1.19B | -1.16B | -525.55M | -791.43M |
Balance Sheet | ||||||
| Total Assets | 16.07B | 18.32B | 822.86M | 1.67B | 2.57B | 2.43B |
| Cash, Cash Equivalents and Short-Term Investments | 669.71M | 748.00M | 170.77M | 424.81M | 919.68M | 666.62M |
| Total Debt | 9.89B | 5.00B | 2.55B | 1.96B | 1.91B | 1.08B |
| Total Liabilities | 10.54B | 5.68B | 2.90B | 2.55B | 2.47B | 1.86B |
| Stockholders Equity | 5.53B | 12.64B | -2.08B | -885.08M | 103.44M | 573.09M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.52B | -790.56M | -673.70M | -634.65M | -535.00M |
| Operating Cash Flow | 0.00 | -1.95B | -747.82M | -597.53M | -578.31M | -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
Positive
269.00
Price Trends
104.88
Positive
135.42
Negative
239.06
Negative
Market Momentum
-0.93
Negative
54.29
Neutral
68.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3189, the sentiment is Positive. The current price of 269 is above the 20-day moving average (MA) of 101.35, above the 50-day MA of 104.88, and above the 200-day MA of 239.06, indicating a neutral trend. The MACD of -0.93 indicates Negative momentum. The RSI at 54.29 is Neutral, neither overbought nor oversold. The STOCH value of 68.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥24.74T | 46.27 | 20.52% | 0.75% | 14.76% | 30.54% | |
74 Outperform | ¥39.41B | 13.85 | ― | 3.62% | -2.63% | -23.78% | |
73 Outperform | ¥770.85B | 15.99 | 9.21% | 2.07% | 6.57% | 12.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | ¥26.18B | -550.76 | ― | 5.11% | -10.37% | 97.76% | |
43 Neutral | ¥4.75B | -0.37 | ― | ― | 67.88% | -501.71% |
* Consumer Cyclical Sector Average
JP:3189
ANAP Inc.
104.00
-605.00
-85.33%
JP:9983
FAST RETAILING CO
78,050.00
29,905.88
62.12%
JP:8227
SHIMAMURA Co
3,483.00
-261.59
-6.99%
JP:2792
HONEYS HOLDINGS CO. LTD.
1,414.00
-61.22
-4.15%
JP:3548
BAROQUE JAPAN LIMITED
727.00
-34.70
-4.56%
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.