TOKYO BASE Co., Ltd. (JP:3415)
:3415
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TOKYO BASE Co., Ltd.
(3415)
Select Model
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Rating:61Neutral
Price Target:
¥391.00
▼(-15.73% Downside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by improving profitability and growth, but it is constrained by weak cash flow conversion and increasing leverage. Valuation is a clear positive with a low P/E, while technicals remain weak with the price below major moving averages and negative MACD.
Positive Factors
Re-accelerating revenue growth
A ~17% top-line increase indicates renewed demand and better assortment or channel execution. Sustained revenue acceleration supports scale benefits, steadier retailer economics, and provides a foundation for margin recovery and reinvestment over the next several quarters.
Negative Factors
Weak cash flow conversion
Earnings gains are not translating into robust cash: FCF fell ~80% YoY and covered only ~16% of net income. Persistent weak conversion limits funding for inventory, store ops, or marketing and increases reliance on external financing for growth or working-capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating revenue growth
A ~17% top-line increase indicates renewed demand and better assortment or channel execution. Sustained revenue acceleration supports scale benefits, steadier retailer economics, and provides a foundation for margin recovery and reinvestment over the next several quarters.
Read all positive factors
TOKYO BASE Co., Ltd. (3415) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.92B
Dividend Yield1.08%
Average Volume (3M)424.05K
Price to Earnings (P/E)7.4
Beta (1Y)0.69
Revenue Growth17.45%
EPS Growth54.96%
CountryJP
Employees278
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)22.61
Shares Outstanding43,959,480
10 Day Avg. Volume446,470
30 Day Avg. Volume424,050
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.93
Price to Sales (P/S)0.77
P/FCF Ratio89.98
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)36.4
Revenue Forecast (FY)¥27.40B
TOKYO BASE Co., Ltd. Business Overview & Revenue Model
Company Description
TOKYO BASE Co.,Ltd. provides fashion products for men and women in Japan. The company offers jackets, blousons, rider jackets, coats, downs, shirts, T-shirts, hoodies and sweats, knits, cardigans, tops, denim, slacks, pants, bags, leather shoes, s...
How the Company Makes Money
TOKYO BASE primarily makes money by selling apparel and related fashion goods through its retail network and online channels. Its core revenue stream is product sales to end customers at its directly operated select shops in Japan, where it earns ...
TOKYO BASE Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.27B | 23.73B | 20.21B | 19.99B | 19.18B | 19.22B |
| Gross Profit | 10.65B | 12.30B | 10.44B | 9.06B | 9.61B | 9.27B |
| EBITDA | 2.18B | 2.51B | 1.76B | 1.87B | 1.01B | 2.05B |
| Net Income | 983.00M | 1.21B | 776.87M | 335.43M | -539.52M | 832.08M |
Balance Sheet | ||||||
| Total Assets | 12.80B | 14.86B | 11.46B | 11.89B | 11.20B | 11.55B |
| Cash, Cash Equivalents and Short-Term Investments | 2.44B | 4.40B | 3.67B | 4.16B | 2.50B | 3.15B |
| Total Debt | 4.62B | 5.74B | 3.95B | 4.44B | 3.65B | 3.22B |
| Total Liabilities | 7.30B | 8.60B | 6.35B | 6.36B | 5.83B | 5.64B |
| Stockholders Equity | 5.50B | 6.27B | 5.11B | 5.53B | 5.37B | 5.90B |
Cash Flow | ||||||
| Free Cash Flow | 1.02B | 203.93M | 1.33B | 723.09M | -713.52M | -123.67M |
| Operating Cash Flow | 1.33B | 1.31B | 1.74B | 828.53M | 64.41M | 883.90M |
| Investing Cash Flow | -406.70M | -1.68B | -758.21M | -115.24M | -730.89M | -1.59B |
| Financing Cash Flow | -1.09B | 1.09B | -1.50B | 934.53M | -3.83M | 1.22B |
TOKYO BASE Co., Ltd. Technical Analysis
Neutral
464.00
Price Trends
411.12
Negative
416.68
Negative
443.62
Negative
Market Momentum
-20.05
Positive
42.85
Neutral
57.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3415, the sentiment is Neutral. The current price of 464 is above the 20-day moving average (MA) of 386.40, above the 50-day MA of 411.12, and above the 200-day MA of 443.62, indicating a bearish trend. The MACD of -20.05 indicates Positive momentum. The RSI at 42.85 is Neutral, neither overbought nor oversold. The STOCH value of 57.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3415.
TOKYO BASE Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥719.28B | 20.92 | 8.48% | 2.02% | 5.20% | 6.54% | |
72 Outperform | ¥41.05B | -29.01 | ― | 3.62% | -3.00% | -23.04% | |
71 Outperform | ¥261.14B | 19.34 | ― | 1.46% | 12.93% | 32.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ¥14.92B | 7.42 | ― | 1.08% | 17.45% | 54.96% | |
50 Neutral | ¥26.18B | -50.53 | ― | 4.99% | -11.48% | ― | |
42 Neutral | ¥5.39B | -0.38 | ― | ― | 38.69% | -1048.63% |
* Consumer Cyclical Sector Average
JP:3415
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TOKYO BASE Co., Ltd. Corporate Events
TOKYO BASE Launches Share Buyback to Boost Shareholder Returns
May 18, 2026
TOKYO BASE Co., Ltd. has resolved to launch a share buyback program, authorizing the acquisition of up to 1.5 million common shares, or about 3.4% of its outstanding stock, for a maximum of 500 million yen. The buyback will run from May 19 to June...
Tokyo Base Q1 Sales Surge on E-Commerce and Inbound Demand Despite Existing-Store Drag
May 7, 2026
Tokyo Base Co., Ltd. reported strong top-line momentum in April 2026, with company-wide net sales rising 23.1% year on year and first-quarter sales up 26.8%, driven by robust e-commerce growth of 37.3% and solid gains in overseas operations, parti...
TOKYO BASE Reshuffles Full-Time Audit and Supervisory Committee Roles
Apr 23, 2026
TOKYO BASE Co., Ltd. has announced changes to its Audit and Supervisory Committee lineup, reassigning roles between two outside directors as of April 22, 2026. Outside Director Youzaburo Sasaki will step down from the full-time Audit and Superviso...
Tokyo Base Outlines Non‑Membership in Accounting Standards Foundation and Future Stance
Apr 2, 2026
TOKYO BASE Co., Ltd. has disclosed that it is not currently a member of the Financial Accounting Standards Foundation, having withdrawn from the organization on March 31, 2017 and remaining non‑member as of January 31, 2026. The notice respo...
TOKYO BASE Restores Full Compliance With TSE Prime Listing Standards
Apr 2, 2026
TOKYO BASE Co., Ltd. announced that it now meets all Prime Market listing maintenance standards set by the Tokyo Stock Exchange as of January 31, 2026. The company exceeded required thresholds for number of shareholders, tradable shares, market ca...
Tokyo Base lifts March sales on new KEY TIMEZ brand and inbound recovery
Apr 2, 2026
Tokyo Base Co., Ltd. reported strong sales momentum for March 2026, with total company revenue rising to 123.0% year-on-year, driven by the launch of the new KEY TIMEZ casual select business and multiple new store openings in major locations such ...
TOKYO BASE Delivers Strong FY2026 Earnings and Projects Double-Digit Growth
Mar 17, 2026
TOKYO BASE Co., Ltd. reported strong consolidated results for the fiscal year ended January 31, 2026, with net sales rising 17.5% to ¥23.7 billion and profit attributable to owners of parent surging 55.6% to ¥1.2 billion. Profitability i...
TOKYO BASE Outlines FY2026 Results, Strategy and Overseas Expansion
Mar 17, 2026
TOKYO BASE has released briefing materials for its FY2026/1 full-year financial results, outlining business performance, progress on key initiatives, and updates to its mid-term management plan. The materials also highlight the September 2025 open...
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.