Atsugi Co., Ltd. (3529) AI Stock Analysis

• Market Cap: ¥18.21B
• Dividend Yield: N/A
• Average Volume (3M): 43.94K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.55
• Revenue Growth: 3.72%
• EPS Growth: -160.46%
• Country: JP
• Employees: 1,443
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -31.86
• Shares Outstanding: 17,319,569
• 10 Day Avg. Volume: 87,210
• 30 Day Avg. Volume: 43,936
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥1,161.00
• Price Target Upside: 2.20% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ¥1,161.00 ▲(2.20% Upside)

Atsugi Co., Ltd. faces significant challenges in profitability and cash flow, which are reflected in its financial performance score. The technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors contribute to a lower overall stock score.

Atsugi Co., Ltd. Business Overview & Revenue Model

Company Description

Atsugi Co., Ltd. (3529) is a Japan-based company primarily engaged in the manufacturing and distribution of hosiery products. The company operates in the textile sector and is renowned for its extensive range of products, including pantyhose, tights, stockings, and socks. Atsugi Co., Ltd. is committed to delivering high-quality and innovative products that cater to the diverse needs of its consumers, maintaining a strong presence both domestically and internationally.

How the Company Makes Money

Atsugi Co., Ltd. generates revenue through the production and sale of hosiery products. The company sells its products through various channels, including direct sales to retailers, online platforms, and export to international markets. Key revenue streams include sales from its core product lines such as pantyhose, tights, and socks. The company's ability to innovate and meet fashion trends plays a significant role in maintaining and growing its customer base. Additionally, Atsugi Co., Ltd. may engage in strategic partnerships and collaborations to expand its market reach and enhance its product offerings, further contributing to its revenue.

Atsugi Co., Ltd. Financial Statement Overview

Summary

Atsugi Co., Ltd. faces challenges in profitability and cash flow, with negative net and EBIT margins. However, it has a strong balance sheet with low debt levels, providing some financial stability.

Income Statement

Atsugi Co., Ltd. has demonstrated inconsistent revenue growth with a recent rebound in 2025 after a decline in 2024. The gross profit margin is relatively stable, but the company struggles with profitability, indicated by negative net and EBIT margins over the years. The EBITDA margin showed improvement in 2025, yet remains weak compared to industry standards.

Balance Sheet

The company maintains a strong equity position with a high equity ratio. However, the return on equity is negative due to net losses. The debt-to-equity ratio is low, indicating minimal leverage risk, which is a positive aspect in terms of financial stability.

Cash Flow

Atsugi Co., Ltd.'s cash flow situation is mixed. Operating cash flow has improved in 2025 but remains low compared to net income. Free cash flow has shown significant volatility, with a negative trend in recent years. The company faces challenges in translating earnings into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.88B	21.88B	21.21B	20.50B	21.45B	16.23B
Gross Profit	6.94B	6.94B	6.85B	5.38B	5.12B	3.69B
EBITDA	326.00M	326.00M	2.35B	-714.00M	-1.35B	-3.48B
Net Income	-376.00M	-376.00M	1.33B	-1.22B	-1.83B	-3.83B
Balance Sheet
Total Assets	40.85B	40.85B	42.01B	40.69B	42.23B	44.34B
Cash, Cash Equivalents and Short-Term Investments	5.41B	5.41B	3.87B	4.79B	6.31B	8.11B
Total Debt	1.06B	1.06B	909.00M	1.38B	1.85B	2.32B
Total Liabilities	9.18B	9.18B	8.57B	9.76B	10.09B	10.39B
Stockholders Equity	31.66B	31.66B	33.44B	30.93B	32.15B	33.83B
Cash Flow
Free Cash Flow	0.00	-2.39B	-3.50B	-3.21B	-1.87B	-3.12B
Operating Cash Flow	0.00	415.00M	-1.34B	-1.36B	-748.00M	-2.95B
Investing Cash Flow	0.00	719.00M	456.00M	760.00M	-1.04B	522.00M
Financing Cash Flow	0.00	53.00M	-472.00M	-471.00M	-616.00M	2.07B

Atsugi Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1136.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3529, the sentiment is Positive. The current price of 1136 is above the 20-day moving average (MA) of 1094.25, below the 50-day MA of 1151.02, and above the 200-day MA of 1090.61, indicating a neutral trend. The MACD of -23.62 indicates Negative momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 65.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3529.

Atsugi Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7460	80 Outperform	26.37B	9.52	6.08%	2.82%	0.69%	29.02%
9275	78 Outperform	17.01B	12.06	19.98%	3.15%	5.89%	11.19%
3611	75 Outperform	20.70B	9.56	6.92%	4.46%	17.07%	-18.86%
3501	66 Neutral	17.19B	24.36	2.15%	2.44%	1.27%	-43.61%
3529	46 Neutral	¥18.21B	20.09	―	―	3.72%	-160.46%
8107	41 Neutral	11.01B	-167.12	-2.35%	―	48.75%	-620.85%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Atsugi Co., Ltd. Corporate Events

Atsugi Co., Ltd. Reports Q1 Loss but Anticipates Year-End Recovery

Atsugi Co., Ltd. reported a decline in financial performance for the three months ended June 30, 2025, with net sales decreasing by 4.2% compared to the same period last year. The company experienced a significant drop in operating and ordinary profits, resulting in a loss attributable to owners of the parent. Despite the current downturn, Atsugi forecasts a positive turnaround for the full fiscal year ending March 31, 2026, with an expected increase in net sales and a return to profitability, which could potentially improve its market position and stakeholder confidence.

Atsugi Co., Ltd. Reports Financial Results and Future Outlook

Atsugi Co., Ltd. reported its consolidated financial results for the year ending March 31, 2025, with net sales of 21,880 million yen, marking a 3.2% increase from the previous year. Despite the rise in sales, the company faced a loss in operating and ordinary profit, with a significant drop in profit attributable to owners of the parent. The company anticipates a recovery in the upcoming fiscal year with projected net sales of 23,000 million yen and a return to profitability. The financial results reflect challenges in the company’s operations but also indicate a strategic focus on improving financial performance in the future.