KUSURI NO AOKI HOLDINGS CO.,LTD. (JP:3549)
:3549
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KUSURI NO AOKI HOLDINGS CO.,LTD.
(3549)
Select Model
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Rating:67Neutral
Price Target:
¥4,801.00
▲(27.01% Upside)
Action:ReiteratedDate:11/01/25
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.
Positive Factors
Revenue Growth
Sustained top-line expansion (~16% revenue growth) indicates rising demand and likely store or product mix gains. Over the next 2–6 months this supports scale benefits, stronger purchasing terms with suppliers, and a firmer recurring retail revenue base if operations keep pace with growth.
Negative Factors
Free Cash Flow Decline
A >100% decline in free cash flow is a material structural concern: even with operating cash > net income, negative FCF limits funding for capex, store rollouts or shareholder returns. Without recovery in cash conversion or working capital fixes, growth initiatives may require external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion (~16% revenue growth) indicates rising demand and likely store or product mix gains. Over the next 2–6 months this supports scale benefits, stronger purchasing terms with suppliers, and a firmer recurring retail revenue base if operations keep pace with growth.
Read all positive factors
KUSURI NO AOKI HOLDINGS CO.,LTD. (3549) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥373.28B
Dividend Yield0.41%
Average Volume (3M)203.46K
Price to Earnings (P/E)20.8
Beta (1Y)0.61
Revenue Growth15.81%
EPS Growth27.05%
CountryJP
Employees4,735
SectorHealthcare
Sector Strength45
IndustryMedical - Pharmaceuticals
Share Statistics
EPS (TTM)60.11
Shares Outstanding95,616,980
10 Day Avg. Volume259,620
30 Day Avg. Volume203,460
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)2.46
Price to Sales (P/S)0.71
P/FCF Ratio800.05
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)187.58
Revenue Forecast (FY)¥568.45B
KUSURI NO AOKI HOLDINGS CO.,LTD. Business Overview & Revenue Model
Company Description
KUSURI NO AOKI HOLDINGS CO.,LTD. (3549) is a prominent Japanese company primarily engaged in the retail of pharmaceuticals, healthcare products, and cosmetics. The company operates a chain of drugstores across Japan, focusing on providing a wide r...
How the Company Makes Money
KUSURI NO AOKI generates revenue primarily through the sale of pharmaceuticals and healthcare products in its retail stores. The company earns money by marking up the prices of the products it sells, including both prescription and over-the-counte...
KUSURI NO AOKI HOLDINGS CO.,LTD. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 641.21B | 501.47B | 436.88B | 378.87B | 328.33B | 305.88B |
| Gross Profit | 154.08B | 120.47B | 106.29B | 94.64B | 80.98B | 82.82B |
| EBITDA | 50.69B | 39.82B | 30.64B | 27.01B | 23.08B | 24.10B |
| Net Income | 22.82B | 17.79B | 12.31B | 12.33B | 9.84B | 12.06B |
Balance Sheet | ||||||
| Total Assets | 390.46B | 352.46B | 303.45B | 276.33B | 236.08B | 197.40B |
| Cash, Cash Equivalents and Short-Term Investments | 80.63B | 47.73B | 49.13B | 42.87B | 26.35B | 15.73B |
| Total Debt | 140.22B | 99.32B | 98.78B | 89.50B | 78.13B | 54.39B |
| Total Liabilities | 247.86B | 206.70B | 186.03B | 177.78B | 149.14B | 119.72B |
| Stockholders Equity | 142.60B | 145.76B | 117.42B | 98.55B | 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
Positive
3780.00
Price Trends
3956.66
Negative
4009.62
Negative
3947.02
Negative
Market Momentum
-12.00
Negative
53.46
Neutral
74.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3549, the sentiment is Positive. The current price of 3780 is above the 20-day moving average (MA) of 3765.85, below the 50-day MA of 3956.66, and below the 200-day MA of 3947.02, indicating a neutral trend. The MACD of -12.00 indicates Negative momentum. The RSI at 53.46 is Neutral, neither overbought nor oversold. The STOCH value of 74.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3549.
KUSURI NO AOKI HOLDINGS CO.,LTD. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥701.13B | 23.29 | 15.71% | 0.96% | 21.81% | 67.76% | |
75 Outperform | ¥213.68B | 12.71 | ― | 2.35% | 7.55% | 16.01% | |
69 Neutral | ¥463.25B | 14.05 | 11.37% | 3.04% | 6.32% | 8.19% | |
67 Neutral | ¥1.13T | 25.31 | ― | 1.72% | ― | ― | |
67 Neutral | ¥373.28B | 20.79 | ― | 0.41% | 15.81% | 27.05% | |
60 Neutral | ¥539.61B | 22.79 | ― | 0.93% | 3.73% | 18.84% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
JP:3549
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KUSURI NO AOKI HOLDINGS CO.,LTD. Corporate Events
Kusuri No Aoki Reports No Share Buybacks Yet Under Approved Repurchase Program
Feb 6, 2026
Kusuri No Aoki Holdings Co., Ltd. announced the status of its share repurchase program authorized by a board resolution on December 25, 2025, which permits the company to buy back up to 6 million shares (6.32% of outstanding shares excluding treas...
Kusuri No Aoki Posts Higher January Sales on Store Expansion and Larger Basket Size
Feb 5, 2026
KUSURI NO AOKI HOLDINGS reported its preliminary monthly sales data for January 2026, showing all-store sales at 108.3% year-on-year, driven by higher average spending per customer of 103.6%, while existing-store sales slipped slightly to 99.1% as...
Kusuri no Aoki Ends Long-Standing Business and Capital Alliance with Aeon
Jan 20, 2026
KUSURI NO AOKI HOLDINGS CO., LTD., a Japanese drugstore and healthcare retailer listed on the TSE Prime, focuses on providing pharmaceuticals, daily necessities, and related services to consumers across its network of stores. The company has resol...
Kusuri No Aoki Sets Extraordinary Meeting to Add Outside Director and Adopt Anti-Takeover Policy
Jan 16, 2026
Kusuri No Aoki Holdings will convene an extraordinary general meeting of shareholders on February 17, 2026, at its head office in Ishikawa Prefecture to vote on key governance matters, including the election of a new outside director and the intro...
Kusuri no Aoki Launches Large Share Buyback Plan but Makes No Initial Purchases
Jan 9, 2026
Kusuri no Aoki Holdings has launched a share buyback program under Article 459, Paragraph 1 of the Companies Act, authorizing the repurchase of up to 6 million common shares, or about 6.32% of its outstanding stock (excluding treasury shares), for...
Kusuri No Aoki Posts Higher December Sales and Accelerates Store Openings
Jan 5, 2026
Kusuri No Aoki Holdings reported that for December 2025, all-store sales rose 10.6% year on year and existing-store sales increased 0.9%, driven by a 2.3% gain in average spending per customer across all outlets, even as existing-store customer tr...
Kusuri No Aoki Sets Record Date for February Extraordinary Shareholders’ Meeting
Dec 25, 2025
Kusuri No Aoki Holdings has resolved to establish January 9, 2026 as the record date to determine shareholders eligible to exercise voting rights at an Extraordinary General Meeting of Shareholders planned for late February 2026. The meeting’...
Kusuri No Aoki Seeks Shift to TSE Standard Market and Nagoya Main Listing to Bolster Growth
Dec 25, 2025
KUSURI NO AOKI HOLDINGS has resolved to shift its Tokyo Stock Exchange listing from the Prime Market to the Standard Market while simultaneously seeking a new listing on the Nagoya Stock Exchange’s Main Market. Management says the move is in...
Kusuri No Aoki Launches New ¥24 Billion Share Buyback After Completing Previous Program
Dec 25, 2025
Kusuri No Aoki Holdings Co., Ltd. has completed a previously authorized share buyback program, acquiring 5,609,200 shares for approximately ¥22.0 billion, including 163,400 shares purchased between December 1 and 8, 2025, via open-market tran...
Kusuri No Aoki Marks 40th Anniversary With Sharp Dividend Increase and New Payout Policy
Dec 25, 2025
Kusuri No Aoki Holdings has revised its dividend forecast for the fiscal year ending May 31, 2026, significantly increasing its planned shareholder payout to commemorate the 40th anniversary of its founding. The company now plans a year-end divide...
Kusuri No Aoki Sets ¥1 Trillion Sales Target in 50th Anniversary Vision and New Medium-Term Plan
Dec 25, 2025
Kusuri No Aoki Holdings has unveiled a 10-year “50th Anniversary Vision” covering fiscal 2026–2035 that targets net sales of ¥1 trillion by its 50th anniversary in 2035 and aims to rank among Japan’s top 20 retailers, ...
Kusuri No Aoki Posts Strong First-Half Growth but Forecasts Profit Decline, Boosts 40th Anniversary Dividend
Dec 25, 2025
Kusuri No Aoki Holdings reported consolidated net sales of ¥279.8 billion for the six months ended November 20, 2025, up 15.2% year on year, with operating profit rising 6.7% to ¥13.5 billion and profit attributable to owners of parent i...
KUSURI NO AOKI Reports Increased Sales and Expands Store Network
Dec 5, 2025
KUSURI NO AOKI HOLDINGS CO., LTD. reported its monthly sales report for November 2025, showing a steady increase in sales and customer traffic across all stores compared to the previous months. The company also expanded its operations by opening s...
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.