Alleanza Holdings Co., Ltd. (3546) AI Stock Analysis

• Market Cap: ¥44.02B
• Dividend Yield: 3.23%
• Average Volume (3M): 48.84K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.49
• Revenue Growth: -0.04%
• EPS Growth: 61.12%
• Country: JP
• Employees: 1,851
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Home Improvement
• EPS (TTM): 7.92
• Shares Outstanding: 30,193,386
• 10 Day Avg. Volume: 93,020
• 30 Day Avg. Volume: 48,840
• PEG Ratio: -1.26
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 9.93
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Neutral
• Price Target: ¥1,607.00 ▲(31.51% Upside)
• Action: Downgraded Date: 02/15/26
• Date: Action: Downgraded 02/15/26

The score is driven primarily by moderate financial performance (stable balance sheet but pressured margins and uneven free cash flow) and a strong technical uptrend, tempered by very overbought momentum signals. Valuation is reasonable but not compelling, with a moderate dividend yield.

Positive Factors

Diversified business model

A diversified model across real estate, finance and technology spreads revenue risk and creates multiple durable cash sources. Strategic investments and partnerships increase optionality for growth, smoothing cyclicality from any single sector and supporting long‑term value creation.

Manageable leverage and stable equity base

A manageable debt-to-equity profile and stable equity ratio provide financial flexibility for acquisitions, capex and downturns. This allows the company to fund strategic investments without excessive refinancing risk, supporting durable capital allocation over the medium term.

Positive operating cash flow

Consistent positive operating cash flow indicates core businesses generate cash to cover operations, interest and some reinvestment. A healthy operating cash flow-to-net income ratio supports sustainable dividend potential and the ability to fund working capital needs over months to years.

Negative Factors

Pressured margins

Sustained declines in EBIT/EBITDA and net margins erode internal funding capacity and reduce returns on new investments. Margin pressure can limit ability to reinvest, force higher leverage to fund growth, and weaken resilience to cost inflation over the next several quarters.

Declining return on equity

A falling ROE signals the company is generating lower returns from shareholder capital, implying weaker capital allocation or worsening operating profitability. If persistent, declining ROE reduces long‑term shareholder value and makes financing future growth less attractive.

Inconsistent free cash flow

Significant FCF volatility indicates uneven ability to convert profits into usable cash after investment. This raises execution and capex‑management risk, potentially constraining dividends, buybacks or opportunistic M&A and increasing reliance on external funding during weak periods.

Alleanza Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Alleanza Holdings Co., Ltd. engages in the home improvement, pet shop, and related businesses. The company was incorporated in 2016 and is based in Fukushima, Japan.

How the Company Makes Money

Alleanza Holdings generates revenue through multiple streams, primarily from its real estate operations, including leasing and property management fees from its portfolio of residential and commercial properties. Additionally, the company earns income from its investments in financial services and tech startups, which may include equity stakes and profit-sharing agreements. Strategic partnerships with real estate developers and technology firms also enhance its revenue potential, enabling Alleanza to leverage synergies and access new markets. The company's focus on diversifying its asset base and optimizing operational performance plays a crucial role in driving its overall profitability.

Alleanza Holdings Co., Ltd. Financial Statement Overview

Summary

Moderate financial health: stable but modest revenue growth and a solid balance sheet, offset by declining EBIT/EBITDA margins, weakening net margin, declining ROE, and inconsistent free cash flow.

Income Statement

The company shows a stable gross profit margin with a slight decline in net profit margin over the years. Revenue growth has been modest, with a slight increase in the latest year. EBIT and EBITDA margins have decreased, indicating potential efficiency issues. Overall, the income statement reflects moderate profitability with some room for improvement in operational efficiency.

Balance Sheet

The balance sheet reveals a manageable debt-to-equity ratio, indicating a balanced approach to leverage. Return on equity has been declining, which may concern investors. The equity ratio remains stable, suggesting a solid asset base. Overall, the balance sheet is stable but shows signs of declining returns on equity.

Cash Flow

Cash flow statements show positive operating cash flow, but free cash flow has fluctuated significantly, indicating inconsistent cash management. The operating cash flow to net income ratio is healthy, but the free cash flow to net income ratio suggests potential issues in capital expenditure management. Overall, the cash flow situation is stable but requires attention to maintain consistency.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	148.15B	153.34B	149.72B	149.19B	156.94B	157.40B
Gross Profit	51.48B	52.01B	53.94B	53.57B	53.32B	53.67B
EBITDA	7.69B	6.66B	7.03B	8.26B	9.04B	10.65B
Net Income	2.89B	2.09B	2.37B	2.71B	4.09B	5.14B
Balance Sheet
Total Assets	94.82B	87.43B	88.32B	82.49B	77.52B	80.49B
Cash, Cash Equivalents and Short-Term Investments	10.38B	4.04B	3.83B	3.60B	4.38B	10.23B
Total Debt	26.64B	27.09B	27.60B	23.36B	21.35B	20.03B
Total Liabilities	61.52B	55.63B	57.34B	52.84B	49.43B	55.42B
Stockholders Equity	32.09B	30.62B	29.81B	28.46B	26.92B	23.96B
Cash Flow
Free Cash Flow	0.00	3.12B	908.00M	-64.00M	-5.94B	9.74B
Operating Cash Flow	0.00	7.17B	3.92B	5.26B	-1.33B	13.82B
Investing Cash Flow	0.00	-4.41B	-3.46B	-5.79B	-4.18B	-4.24B
Financing Cash Flow	0.00	-2.42B	-265.00M	-356.00M	-333.00M	-5.55B

Alleanza Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1222.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3546, the sentiment is Positive. The current price of 1222 is below the 20-day moving average (MA) of 1312.85, below the 50-day MA of 1230.72, and above the 200-day MA of 1090.79, indicating a bullish trend. The MACD of 86.11 indicates Negative momentum. The RSI at 86.67 is Negative, neither overbought nor oversold. The STOCH value of 31.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3546.

Alleanza Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3050	73 Outperform	¥233.94B	13.43	―	2.83%	1.49%	-21.76%
3546	70 Neutral	¥44.02B	17.47	―	3.23%	-0.04%	61.12%
3191	68 Neutral	¥131.77B	13.49	―	3.43%	0.73%	-9.78%
8218	67 Neutral	¥180.09B	12.14	―	1.58%	1.69%	3.90%
7516	67 Neutral	¥135.90B	9.18	―	2.85%	3.83%	7.24%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2790	55 Neutral	¥66.27B	102.02	0.41%	2.78%	-6.21%	-29.75%

Alleanza Holdings Co., Ltd. Corporate Events

Alleanza Backs KOHNAN SHOJI Tender Offer and Plans Delisting After Alliance

Alleanza Holdings Co., Ltd. said its board has approved a tender offer by KOHNAN SHOJI Co., Ltd. for its common shares and share options, endorsing the offer price of 1,465 yen per share and recommending that shareholders tender their shares. The company will also enter into a capital and business alliance with KOHNAN SHOJI, and following the tender offer and subsequent procedures, ownership is expected to be concentrated in KOHNAN SHOJI and Valor Holdings, leading to the delisting of Alleanza’s shares and a shift to a more closely held governance structure.

The transaction aligns Alleanza with a major home center operator that runs home center, retail and professional building materials businesses, potentially enabling operational synergies and strategic collaboration in Japan’s do-it-yourself and professional customer markets. For existing shareholders, the move offers an exit at a set cash price while signaling the end of public trading, which may streamline decision-making and integration but will eliminate market liquidity for the stock once the delisting is completed.

The most recent analyst rating on (JP:3546) stock is a Buy with a Yen1298.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Backs Kohnan Shoji Tender Offer Ahead of Planned Delisting

Alleanza Holdings’ board has resolved to support a tender offer by Kohnan Shoji Co., Ltd. for its common shares and certain share options, recommending that shareholders tender their shares while leaving the decision to tender options to each option holder. The parties have also agreed to enter into a capital and business alliance, and, following the tender offer and subsequent procedures, Alleanza shares are expected to be delisted, with Kohnan Shoji and Valor Holdings Co., Ltd. becoming the company’s only shareholders.

The tender offer sets a price of 1,465 yen per Alleanza share and 1 yen per specified share option series originally issued by Daiyu Eight and replaced upon Alleanza’s incorporation. This transaction will effectively shift Alleanza to a closely held structure, potentially enabling deeper operational cooperation with Kohnan Shoji while altering liquidity and governance dynamics for existing public investors.

The most recent analyst rating on (JP:3546) stock is a Buy with a Yen1298.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Holdings Scraps Year-End Dividend and Shareholder Perks Ahead of Kohnan Tender Offer

Alleanza Holdings has revised its year-end dividend forecast for the fiscal year ending February 28, 2026, deciding to pay no year-end dividend instead of the previously planned 19 yen per share. The move reflects the terms of a tender offer by KOHNAN SHOJI Co., Ltd., under which Alleanza’s shares are expected to be delisted after completion of the transaction.

The company’s board also resolved to abolish its shareholder benefit program starting with the fiscal year ending February 28, 2026, conditional on the successful completion of the tender offer. As a result, shareholder perks will effectively end with benefits granted to holders of at least one trading unit of shares recorded as of February 28, 2025, marking a shift in how value is returned to investors as the firm prepares to exit the public market.

The most recent analyst rating on (JP:3546) stock is a Buy with a Yen1298.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Holdings’ January Sales Dip as Footfall Softens Despite Higher Spend per Customer

Alleanza Holdings reported preliminary January year-on-year sales figures for the fiscal year ending February 28, 2026, showing a modest decline in overall momentum compared with the strong prior-year period. Company-wide sales across all stores were 98.0% of the previous January for home improvement stores and 103.3% for pet shops, with consolidated total sales at 98.0% year-on-year, reflecting weaker traffic but higher average spending per customer. Existing stores also saw softer performance, particularly in customer numbers, indicating demand normalization after last year’s high base and suggesting a more challenging environment for driving same-store growth. These trends underscore that, while the group is maintaining relatively stable sales through increased per-customer spending, it faces pressure on footfall, an important signal for investors and stakeholders monitoring the sustainability of its retail business performance.

The most recent analyst rating on (JP:3546) stock is a Buy with a Yen1298.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Holdings Lifts Profit and Maintains Dividend Despite Slight Revenue Dip

Alleanza Holdings reported consolidated operating revenue of ¥114.3 billion for the nine months ended November 30, 2025, a slight year-on-year decline of 1.1%, but significantly improved profitability, with operating profit up 31.3% to ¥3.28 billion and profit attributable to owners of parent rising 23.1% to ¥2.26 billion, lifting basic earnings per share to ¥75.31. The company’s total assets increased to ¥94.9 billion and equity to ¥31.8 billion, while it maintained an equity ratio in the mid‑30% range and confirmed a stable dividend policy of ¥38 per share for the full fiscal year, underscoring stronger earnings quality and a continued commitment to shareholder returns despite modest top-line pressure.

The most recent analyst rating on (JP:3546) stock is a Hold with a Yen1331.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Holdings Lifts Profits Despite Slight Revenue Dip, Keeps Dividend Outlook Intact

For the nine months ended 30 November 2025, Alleanza Holdings reported operating revenue of ¥114.3 billion, down 1.1% year on year, but significantly improved profitability, with operating profit up 31.3% to ¥3.3 billion, ordinary profit up 28.7% to ¥3.6 billion, and profit attributable to owners of parent rising 23.1% to ¥2.3 billion; earnings per share increased to ¥75.31 from ¥61.00 a year earlier and comprehensive income climbed 30.6% to ¥2.36 billion. Total assets expanded to ¥94.9 billion and equity rose to ¥31.8 billion, although the equity ratio dipped slightly to 33.5%, and the company maintained its dividend policy with an annual payout of ¥38 per share forecast for the fiscal year ending February 2026, while projecting modest full-year revenue growth of 1.1% but further profit gains, underscoring a focus on improving earnings quality despite a flat top line and signaling continued shareholder returns.

The most recent analyst rating on (JP:3546) stock is a Hold with a Yen1331.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.

Alleanza Holdings Sees December Sales Decline Across Home Improvement and Pet Segments

Alleanza Holdings reported year-on-year declines in December 2025 sales across its main businesses, with company-wide all-store sales falling to 95.8% of the prior-year level, driven primarily by weaker performance at home improvement stores where both overall and existing-store revenue and customer counts slipped. While pet shops showed slightly better resilience, they also recorded lower December sales and traffic at existing locations compared with a strong prior-year base, indicating a broad softening in consumer visits and spending that may pressure the group’s near-term growth and underscores a less favorable operating environment versus the previous fiscal year’s robust gains.

The most recent analyst rating on (JP:3546) stock is a Buy with a Yen1157.00 price target. To see the full list of analyst forecasts on Alleanza Holdings Co., Ltd. stock, see the JP:3546 Stock Forecast page.