KUSURI NO AOKI HOLDINGS CO.,LTD. (3549) AI Stock Analysis

• Market Cap: ¥406.72B
• Dividend Yield: 0.37%
• Average Volume (3M): 342.66K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.44
• Revenue Growth: 15.81%
• EPS Growth: 27.05%
• Country: JP
• Employees: 4,735
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Pharmaceuticals
• EPS (TTM): 50.25
• Shares Outstanding: 105,097,680
• 10 Day Avg. Volume: 287,770
• 30 Day Avg. Volume: 342,656
• PEG Ratio: 0.58
• Price to Book (P/B): 2.46
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 800.05
• 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: ¥4,200.00
• Price Target Upside: 11.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 179.24
• Revenue Forecast (FY): ¥572.70B

• Rating: 67 Neutral
• Price Target: ¥4,228.00 ▲(11.85% Upside)

KUSURI NO AOKI HOLDINGS CO.,LTD. has strong financial performance with robust revenue growth and profitability, but faces challenges in cash flow management. Technical analysis shows mixed signals, with short-term weakness but long-term strength. The valuation is fair, though the low dividend yield may not appeal to income investors.

KUSURI NO AOKI HOLDINGS CO.,LTD. Business Overview & Revenue Model

Company Description

KUSURI NO AOKI HOLDINGS CO., LTD. (3549) is a Japanese company primarily engaged in the retail and wholesale distribution of pharmaceutical products. The company operates a network of drugstores and pharmacies, focusing on providing a wide range of health and wellness products, including prescription medications, over-the-counter drugs, cosmetics, and health supplements. KUSURI NO AOKI also emphasizes customer service and accessibility, striving to meet the healthcare needs of local communities across Japan.

How the Company Makes Money

KUSURI NO AOKI generates revenue primarily through the sale of pharmaceutical products and health-related goods in its retail stores. The company's revenue model is built on direct sales from its extensive network of drugstores, which are strategically located to attract a high volume of foot traffic. Key revenue streams include prescription medication sales, which are often reimbursed through national health insurance, as well as over-the-counter product sales that cater to consumer health needs. The company may also engage in partnerships with pharmaceutical manufacturers and suppliers to enhance its product offerings and negotiate favorable procurement terms, contributing to its profitability. Additionally, KUSURI NO AOKI may benefit from promotional campaigns and loyalty programs that drive customer retention and repeat purchases.

KUSURI NO AOKI HOLDINGS CO.,LTD. Financial Statement Overview

Summary

KUSURI NO AOKI HOLDINGS CO.,LTD. shows strong revenue growth and profitability with healthy margins. The balance sheet is stable with a moderate debt-to-equity ratio and strong return on equity. However, cash flow challenges, particularly in free cash flow management, are a concern.

Income Statement

KUSURI NO AOKI HOLDINGS CO.,LTD. has demonstrated strong revenue growth with an 8.74% increase in the latest year. The company maintains healthy profitability with a gross profit margin of approximately 26.5% and a net profit margin of 3.55%. The EBIT and EBITDA margins are also solid at 5.30% and 7.81%, respectively. These metrics indicate robust operational efficiency and profitability.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio of 0.68, indicating a balanced approach to leveraging. The return on equity is strong at 12.20%, reflecting effective use of shareholder funds. The equity ratio stands at 41.35%, suggesting a stable financial structure with a good proportion of assets funded by equity.

Cash Flow

The cash flow analysis reveals some challenges, with a significant decline in free cash flow growth at -100.72%. However, the operating cash flow to net income ratio is 1.25, indicating that the company generates sufficient cash from operations relative to its net income. The negative free cash flow to net income ratio highlights potential issues in cash management or capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	501.47B	501.47B	436.88B	378.87B	328.33B	305.88B
Gross Profit	126.45B	132.96B	118.09B	106.11B	89.76B	90.11B
EBITDA	39.47B	39.18B	32.00B	28.74B	23.08B	24.43B
Net Income	17.79B	17.79B	12.31B	12.33B	9.84B	12.06B
Balance Sheet
Total Assets	352.46B	352.46B	303.45B	274.30B	234.20B	195.92B
Cash, Cash Equivalents and Short-Term Investments	47.73B	47.73B	49.13B	42.87B	26.35B	15.73B
Total Debt	99.32B	99.32B	96.41B	87.17B	76.10B	53.02B
Total Liabilities	206.71B	206.71B	186.03B	175.76B	147.27B	118.25B
Stockholders Equity	145.76B	145.76B	117.42B	98.54B	86.93B	77.67B
Cash Flow
Free Cash Flow	0.00	448.00M	7.20B	10.84B	-6.26B	-8.19B
Operating Cash Flow	0.00	22.17B	26.86B	31.25B	20.29B	13.85B
Investing Cash Flow	0.00	-31.08B	-21.10B	-22.26B	-27.77B	-25.53B
Financing Cash Flow	0.00	7.67B	344.00M	7.53B	18.10B	8.10B

KUSURI NO AOKI HOLDINGS CO.,LTD. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3780.00
• 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:3549, the sentiment is Negative. The current price of 3780 is below the 20-day moving average (MA) of 3832.95, below the 50-day MA of 3895.52, and above the 200-day MA of 3596.02, indicating a neutral trend. The MACD of -3.98 indicates Negative momentum. The RSI at 47.35 is Neutral, neither overbought nor oversold. The STOCH value of 37.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3549.

KUSURI NO AOKI HOLDINGS CO.,LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3148	78 Outperform	¥203.25B	12.78	―	2.15%	7.55%	16.01%
3141	72 Outperform	¥646.79B	33.60	―	1.19%	7.79%	-13.09%
9989	69 Neutral	$488.74B	15.57	12.18%	3.12%	6.64%	6.38%
3549	67 Neutral	¥406.72B	22.57	―	0.37%	15.81%	27.05%
3391	65 Neutral	$655.71B	29.99	―	10.97%	4.63%	-47.30%
7649	63 Neutral	$633.28B	14.63	15.71%	1.03%	21.81%	67.76%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

KUSURI NO AOKI HOLDINGS CO.,LTD. Corporate Events

Kusuri No Aoki Reports Increased Sales but Declining Profits

KUSURI NO AOKI HOLDINGS CO., LTD. reported a 16.1% increase in net sales for the three months ending August 20, 2025, compared to the previous year. However, the company faced declines in operating profit, ordinary profit, and profit attributable to owners of the parent, primarily due to the absence of stock compensation expenses recorded in the previous year. The company’s financial forecast for the fiscal year ending May 2026 anticipates a decrease in profits despite an increase in net sales, indicating potential challenges in maintaining profitability.

The most recent analyst rating on (JP:3549) stock is a Hold with a Yen4172.00 price target. To see the full list of analyst forecasts on KUSURI NO AOKI HOLDINGS CO.,LTD. stock, see the JP:3549 Stock Forecast page.

KUSURI NO AOKI Reports Strong September Sales and Expands Store Network

KUSURI NO AOKI HOLDINGS CO., LTD. reported its monthly sales for September 2025, showing a steady increase in sales and customer traffic compared to the previous year. The company continues to expand its operations by opening new stores while closing some older ones, indicating a strategic focus on optimizing its retail footprint to enhance market presence.

The most recent analyst rating on (JP:3549) stock is a Hold with a Yen4200.00 price target. To see the full list of analyst forecasts on KUSURI NO AOKI HOLDINGS CO.,LTD. stock, see the JP:3549 Stock Forecast page.

Kusuri No Aoki Holdings Announces Treasury Share Acquisition

KUSURI NO AOKI HOLDINGS CO., LTD. announced the purchase of 1,231,700 treasury shares at a total cost of 4,895,743,800 yen, as part of a resolution by the Board of Directors on July 3, 2025. This strategic move, executed through market purchases on the Tokyo Stock Exchange, is part of a broader plan to acquire up to 6 million shares by June 2026, potentially impacting the company’s stock market positioning and shareholder value.

The most recent analyst rating on (JP:3549) stock is a Hold with a Yen3800.00 price target. To see the full list of analyst forecasts on KUSURI NO AOKI HOLDINGS CO.,LTD. stock, see the JP:3549 Stock Forecast page.

KUSURI NO AOKI Reports Strong July Sales and Expands Store Network

In July 2025, KUSURI NO AOKI HOLDINGS CO., LTD. reported a significant increase in sales and customer traffic across both all stores and existing stores, with sales figures reaching 120.5% for all stores and 111.4% for existing stores compared to the previous year. The company also opened four new drugstores in various locations, indicating a strategic expansion effort to enhance its market presence.

The most recent analyst rating on (JP:3549) stock is a Hold with a Yen3800.00 price target. To see the full list of analyst forecasts on KUSURI NO AOKI HOLDINGS CO.,LTD. stock, see the JP:3549 Stock Forecast page.