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

• Market Cap: ¥20.00B
• Dividend Yield: N/A
• Average Volume (3M): 66.46K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.53
• Revenue Growth: 3.16%
• EPS Growth: -128.26%
• Country: JP
• Employees: 1,443
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Apparel - Manufacturers
• EPS (TTM): -73.01
• Shares Outstanding: 17,319,569
• 10 Day Avg. Volume: 42,460
• 30 Day Avg. Volume: 66,456
• PEG Ratio: 0.16
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.00
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: ¥1,280.00 ▲(2.40%Upside)

The overall score reflects a mixed performance. The financial performance indicates risks with profitability and cash flow despite a strong balance sheet. Technical analysis shows bullish momentum, but valuation concerns with a negative P/E ratio weigh heavily on the score. No earnings call or corporate event data were available to influence the score.

Atsugi Co., Ltd. Business Overview & Revenue Model

Company Description

Atsugi Co., Ltd. is a Japanese company that specializes in the production and sale of hosiery and underwear. With a focus on innovative design and high-quality materials, Atsugi has established itself as a leading brand in the apparel industry, catering primarily to women. The company's product range includes pantyhose, stockings, leggings, and various intimate apparel items, which are distributed through multiple retail channels and online platforms.

How the Company Makes Money

Atsugi Co., Ltd. generates revenue through the sale of its hosiery and underwear products. The company's primary revenue streams are derived from its extensive product offerings, which are sold both domestically in Japan and internationally. Atsugi leverages a variety of sales channels, including physical retail stores, e-commerce platforms, and wholesale partnerships with department stores and specialty shops. Additionally, the company may engage in strategic partnerships or collaborations to expand its market presence and enhance its product line, contributing to its overall financial performance.

Atsugi Co., Ltd. Financial Statement Overview

Summary

Atsugi Co., Ltd. has a mixed financial performance with challenges in profitability and cash flow. The income statement reveals inconsistent revenue growth and negative margins. Despite a strong balance sheet with low debt, the company struggles with cash flow generation, indicating potential risks.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	21.29B	21.88B	21.21B	20.50B	21.45B	16.23B
Gross Profit	6.91B	6.94B	6.85B	5.38B	5.12B	3.69B
EBITDA	798.25M	326.00M	2.35B	-714.00M	-1.35B	-3.48B
Net Income	893.00M	-376.00M	1.33B	-1.22B	-1.83B	-3.83B
Balance Sheet
Total Assets	44.57B	40.85B	42.01B	40.69B	42.23B	44.34B
Cash, Cash Equivalents and Short-Term Investments	4.26B	5.41B	3.87B	4.79B	6.31B	8.11B
Total Debt	1.21B	1.06B	909.00M	1.38B	1.85B	2.32B
Total Liabilities	10.47B	9.18B	8.57B	9.76B	10.09B	10.39B
Stockholders Equity	34.10B	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: 1250.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1250 is above the 20-day moving average (MA) of 1205.90, above the 50-day MA of 1132.02, and above the 200-day MA of 1005.97, indicating a bullish trend. The MACD of 33.97 indicates Positive momentum. The RSI at 62.61 is Neutral, neither overbought nor oversold. The STOCH value of 72.81 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	¥23.38B	9.01		3.18%	0.64%	25.69%
9275	77 Outperform	¥14.50B	10.01		3.70%	4.45%	16.11%
3611	73 Outperform	¥18.45B	6.94		4.98%	17.29%	5.46%
Sector *	67 Neutral	¥253.34B	13.18	6.44%	2.78%	5.06%	-11.83%
3501	59 Neutral	¥15.70B	28.94		1.78%	-0.13%	-103.88%
3529	55 Neutral	¥20.00B	20.09		―	3.16%	-128.26%
8107	45 Neutral	¥13.30B	―		―	36.86%	-209.64%

Atsugi Co., Ltd. Corporate Events

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.