WACOAL HOLDINGS (3591) AI Stock Analysis

• Market Cap: $269.99B
• Dividend Yield: 1.87%
• Average Volume (3M): 120.81K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.59
• Revenue Growth: -6.76%
• EPS Growth: N/A
• Country: JP
• Employees: 17,408
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 7.19
• Shares Outstanding: 52,500,000
• 10 Day Avg. Volume: 112,160
• 30 Day Avg. Volume: 120,813
• PEG Ratio: -0.21
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 1.58
• P/FCF Ratio: 112.43
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 1.66
• Enterprise Value/Gross Profit: 2.94
• Enterprise Value/Ebitda: 8.50
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ¥5,559.00 ▲(8.19% Upside)

The overall stock score of 56 reflects a stable financial position with strengths in profitability and a conservative balance sheet. However, the stock faces challenges with bearish technical indicators and moderate valuation metrics. The lack of earnings call data and corporate events means these factors do not influence the score.

WACOAL HOLDINGS Business Overview & Revenue Model

Company Description

WACOAL HOLDINGS (3591) is a leading Japanese company specializing in the design, manufacture, and marketing of women's lingerie, intimate apparel, and related products. Founded in 1946, the company operates primarily in the apparel sector, focusing on high-quality, innovative undergarments that cater to a diverse clientele. WACOAL has established a strong presence in both domestic and international markets, with its product offerings including bras, panties, shapewear, and loungewear, as well as activewear and other intimate apparel. The company is known for its commitment to craftsmanship, fit, and comfort, making it a trusted brand among consumers worldwide.

How the Company Makes Money

WACOAL HOLDINGS generates revenue primarily through the sale of its intimate apparel products. The company's revenue model is focused on both direct-to-consumer sales through its branded retail stores and e-commerce platforms, as well as wholesale distribution to department stores and specialty retailers. Key revenue streams include the sales of bras, panties, and shapewear, which are often marketed under various brand names, including Wacoal, Playtex, and Vanity Fair. Additionally, WACOAL benefits from strategic partnerships with various retailers that enhance its market reach. The company's emphasis on product innovation and quality helps maintain customer loyalty and allows for premium pricing, which further contributes to its earnings. Seasonal collections and marketing campaigns also play a crucial role in driving sales and brand awareness.

WACOAL HOLDINGS Financial Statement Overview

Summary

Wacoal Holdings presents a stable financial outlook with strengths in profitability and a conservative balance sheet. The company faces challenges in revenue growth and operational efficiency, as indicated by moderate margins and declining revenue. Cash flow generation is improving, but further optimization is needed. Overall, Wacoal Holdings is well-positioned financially, with opportunities to enhance growth and efficiency.

Income Statement

Wacoal Holdings shows a mixed performance in its income statement. The TTM data indicates a strong gross profit margin of 56.5%, reflecting efficient cost management. However, the net profit margin is relatively low at 10.2%, and revenue has declined by 0.87% compared to the previous period. The EBIT and EBITDA margins are moderate, suggesting room for improvement in operational efficiency. Overall, the company demonstrates stability in profitability but faces challenges in revenue growth.

Balance Sheet

The balance sheet of Wacoal Holdings is solid, with a low debt-to-equity ratio of 0.12, indicating conservative leverage. The return on equity is moderate at 8.75%, showing decent profitability relative to shareholder equity. The equity ratio stands at 71.5%, highlighting a strong equity base. The company maintains a stable financial position with low leverage risk, although there is potential to enhance returns on equity.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth, up by 103.8% in the TTM period, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio is 0.17, suggesting moderate cash conversion efficiency. The free cash flow to net income ratio is 0.60, reflecting a healthy cash flow relative to net income. While cash flow generation is improving, the company could further optimize its cash conversion processes.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	172.39B	173.90B	187.21B	188.59B	172.86B	152.20B
Gross Profit	97.40B	97.44B	104.08B	106.40B	96.25B	84.41B
EBITDA	33.71B	17.30B	3.06B	9.79B	15.90B	17.00B
Net Income	17.61B	6.99B	-8.63B	-1.64B	4.61B	7.03B
Balance Sheet
Total Assets	282.44B	272.18B	294.03B	285.30B	303.25B	322.76B
Cash, Cash Equivalents and Short-Term Investments	36.73B	23.42B	33.55B	26.78B	39.37B	65.25B
Total Debt	24.78B	26.84B	20.64B	20.41B	24.55B	55.10B
Total Liabilities	77.44B	77.29B	78.89B	72.18B	77.19B	104.14B
Stockholders Equity	202.04B	191.82B	211.83B	209.83B	217.99B	215.61B
Cash Flow
Free Cash Flow	4.98B	2.44B	7.91B	2.29B	3.26B	-1.34B
Operating Cash Flow	8.24B	4.94B	11.29B	7.33B	13.01B	4.26B
Investing Cash Flow	28.94B	9.38B	14.05B	3.90B	-3.10B	-2.56B
Financing Cash Flow	-28.35B	-22.93B	-20.21B	-22.54B	-36.35B	33.60B

WACOAL HOLDINGS Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5138.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3591, the sentiment is Negative. The current price of 5138 is below the 20-day moving average (MA) of 5564.10, below the 50-day MA of 5613.11, and below the 200-day MA of 5214.93, indicating a bearish trend. The MACD of -117.87 indicates Positive momentum. The RSI at 26.23 is Positive, neither overbought nor oversold. The STOCH value of 7.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3591.

WACOAL HOLDINGS Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3569	76 Outperform	$170.07B	12.77	10.88%	2.46%	9.12%	7.93%
8016	76 Outperform	¥89.76B	9.71	11.49%	6.06%	16.27%	17.45%
7447	73 Outperform	¥53.23B	21.06	―	5.70%	3.48%	-6.26%
3201	72 Outperform	¥103.64B	14.41	―	2.52%	7.56%	-17.12%
3002	65 Neutral	€124.67B	39.64	2.34%	3.78%	>-0.01%	-49.82%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3591	56 Neutral	$269.99B	15.46	8.86%	1.87%	-6.76%	―

WACOAL HOLDINGS Corporate Events

Wacoal Holdings Revises Earnings Forecast Amid Market Challenges

Wacoal Holdings has revised its consolidated earnings forecast for the second quarter of the fiscal year ending March 2026, citing a 9.4% decline in revenue compared to previous estimates. The shortfall is attributed to sluggish sales in major markets, particularly in women’s innerwear, and challenges in the U.S. retail environment. Despite some brand promotions and a recovery in e-commerce shipments in Europe after a warehouse fire, the company did not meet its sales targets. The forecast for the full fiscal year is under review, with further announcements expected in November.

The most recent analyst rating on (JP:3591) stock is a Hold with a Yen6186.00 price target. To see the full list of analyst forecasts on WACOAL HOLDINGS stock, see the JP:3591 Stock Forecast page.

Wacoal Holdings Announces Treasury Stock Buyback

Wacoal Holdings Corp. announced the purchase of 431,200 shares of its common stock for approximately 2.5 billion yen as part of a treasury stock buyback program. This move is part of a broader strategy approved by the board to purchase up to 5.8 million shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:3591) stock is a Hold with a Yen5858.00 price target. To see the full list of analyst forecasts on WACOAL HOLDINGS stock, see the JP:3591 Stock Forecast page.

Wacoal Holdings Announces Treasury Stock Purchase

Wacoal Holdings Corp. announced the purchase of 233,100 shares of its own common stock, amounting to 1,336,281,400 yen, as part of a previously resolved plan to buy back up to 5,800,000 shares. This move is part of a strategic initiative to manage capital structure and potentially enhance shareholder value, reflecting the company’s commitment to optimizing its financial operations and market positioning.

The most recent analyst rating on (JP:3591) stock is a Hold with a Yen5858.00 price target. To see the full list of analyst forecasts on WACOAL HOLDINGS stock, see the JP:3591 Stock Forecast page.

Wacoal Holdings Announces Treasury Stock Purchase to Enhance Shareholder Value

Wacoal Holdings Corp. announced the purchase of 415,700 shares of its own common stock, valued at approximately 2.16 billion yen, as part of a broader plan to acquire up to 5.8 million shares. This strategic move, executed through market purchases and off-auction trading, aims to enhance shareholder value and optimize capital structure, reflecting the company’s commitment to efficient capital management.

Wacoal Holdings Reports Strong Profit Growth Despite Revenue Decline

Wacoal Holdings Corp. reported its consolidated business results for the first quarter of the fiscal year ending March 31, 2026, showing a decrease in revenue by 3.2% compared to the previous year. However, the company experienced significant growth in business profit, operating profit, and profit before tax, with increases of 51.1%, 516.2%, and 370.6% respectively. This indicates a strong operational performance despite the drop in revenue. The company’s financial condition remains robust with an increase in total assets and equity attributable to owners. The dividend forecast remains unchanged, reflecting stability in shareholder returns.