WACOAL HOLDINGS CORP (JP:3591)
:3591
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WACOAL HOLDINGS
(3591)
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Rating:59Neutral
Price Target:
¥4,846.00
▲(6.02% Upside)
Action:Reiterated
Date:05/15/26
The score is driven mainly by improving financial performance supported by a conservative balance sheet, but held back by still-weak operating profitability (slightly negative EBIT) and uneven cash-flow/earnings consistency. Technicals are constructive but not firmly bullish versus the 200-day trend, and valuation is a key headwind due to the high P/E despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
A very low debt-to-equity (~0.12) and a conservatively positioned balance sheet provide durable financial flexibility. This reduces refinancing risk, supports investment in omnichannel retail and inventory, and gives the company resilience through retail cycles without heavy reliance on external funding.
Negative Factors
Weak operating profitability
Persistent slightly negative EBIT shows core operating profitability is not fully restored. This suggests structural cost pressures—such as retail footprint, SG&A or logistics—that can erode margins over time and make net profits reliant on non-operating items or one-offs instead of stable operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity (~0.12) and a conservatively positioned balance sheet provide durable financial flexibility. This reduces refinancing risk, supports investment in omnichannel retail and inventory, and gives the company resilience through retail cycles without heavy reliance on external funding.
Read all positive factors
WACOAL HOLDINGS (3591) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥227.35B
Dividend Yield2.29%
Average Volume (3M)120.81K
Price to Earnings (P/E)15.1
Beta (1Y)0.54
Revenue Growth-1.37%
EPS Growth104.77%
CountryJP
Employees17,408
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)256.26
Shares Outstanding52,500,000
10 Day Avg. Volume112,160
30 Day Avg. Volume120,813
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.95
Price to Sales (P/S)1.16
P/FCF Ratio39.52
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)100.4
Revenue Forecast (FY)¥186.90B
WACOAL HOLDINGS Business Overview & Revenue Model
Company Description
Wacoal Holdings Corp. engages in the manufacture, wholesale, and retail sale of intimate apparel, outerwear, sportswear, and other textile products and accessories in Japan, Asia, Oceania, the Americas, and Europe. It operates through Wacoal Busin...
How the Company Makes Money
Wacoal Holdings makes money mainly by selling innerwear (e.g., bras, lingerie, shapewear, and related apparel) to consumers through a multi-channel retail and wholesale model. Revenue is generated from (1) direct-to-consumer sales via branded stor...
WACOAL HOLDINGS Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 171.51B | 173.90B | 187.21B | 188.59B | 172.07B |
| Gross Profit | 98.23B | 87.25B | 93.76B | 95.38B | 86.58B |
| EBITDA | 10.71B | 8.43B | 15.37B | 16.47B | 11.18B |
| Net Income | 13.12B | 6.99B | -8.63B | -1.64B | 1.73B |
Balance Sheet | |||||
| Total Assets | 292.31B | 272.18B | 294.03B | 285.66B | 299.18B |
| Cash, Cash Equivalents and Short-Term Investments | 44.17B | 23.42B | 33.55B | 26.78B | 37.48B |
| Total Debt | 24.31B | 26.84B | 20.64B | 20.41B | 25.30B |
| Total Liabilities | 79.87B | 77.29B | 78.89B | 72.18B | 78.31B |
| Stockholders Equity | 209.60B | 191.82B | 211.83B | 210.20B | 217.99B |
Cash Flow | |||||
| Free Cash Flow | 5.02B | 2.44B | 9.48B | 4.46B | 10.00B |
| Operating Cash Flow | 8.35B | 4.94B | 11.29B | 7.33B | 16.62B |
| Investing Cash Flow | 36.10B | 9.38B | 14.13B | 4.30B | -2.93B |
| Financing Cash Flow | -26.14B | -22.93B | -20.29B | -22.94B | -41.12B |
WACOAL HOLDINGS Technical Analysis
Negative
4571.00
Price Trends
4369.29
Positive
4393.13
Positive
4859.98
Negative
Market Momentum
-8.50
Positive
47.73
Neutral
35.46
Neutral
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 4571 is below the 20-day moving average (MA) of 4676.00, above the 50-day MA of 4369.29, and below the 200-day MA of 4859.98, indicating a neutral trend. The MACD of -8.50 indicates Positive momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 35.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3591.
WACOAL HOLDINGS Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥174.90B | 11.62 | 10.24% | 2.43% | 7.59% | 9.69% | |
77 Outperform | ¥139.59B | -575.87 | 11.70% | 3.59% | 3.84% | -1.90% | |
62 Neutral | ¥67.70B | 30.91 | 18.28% | 6.12% | 6.69% | -72.72% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥227.35B | 15.12 | 5.31% | 2.29% | -1.37% | 104.77% | |
54 Neutral | ¥108.17B | 233.67 | 2.80% | 3.38% | -4.52% | -91.68% | |
46 Neutral | ¥16.06B | -12.86 | ― | ― | -1.88% | -202.60% |
* Consumer Cyclical Sector Average
JP:3591
WACOAL HOLDINGS
4,466.00
-379.93
-7.84%
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WACOAL HOLDINGS Corporate Events
Wacoal Holds Dividend Steady With ¥50 Year-End Payout for FY2026
May 14, 2026
Wacoal Holdings’ board has approved a year-end cash dividend of 50 yen per share for the fiscal year ended March 31, 2026, matching its prior forecast and the previous year’s payout. The total dividend distribution will be 2,472 millio...
Wacoal Swings to Strong Profit as Balance Sheet Strengthens, Guides for Revenue Growth in FY2027
May 14, 2026
Wacoal Holdings reported consolidated revenue of ¥171.5 billion for the year ended March 31, 2026, down 1.4% year on year, but swung to a strong recovery in profitability, with operating profit surging more than fivefold and profit attributab...
Wacoal Misses Revenue Target but Lifts Profit, Keeps Dividend Payout Unchanged
May 14, 2026
Wacoal Holdings reported consolidated results for the year ended March 31, 2026 that fell slightly short of its prior revenue forecast, primarily due to sluggish women’s innerwear sales in major markets and weaker demand at U.S. department s...
Wacoal to Acquire U.S. Full-Figure Lingerie Brand Glamorise to Drive DTC Growth
Mar 30, 2026
Wacoal Holdings has approved the acquisition of all shares of U.S.-based Glamorise Foundations, Inc. via its subsidiary Wacoal Direct Corp., using cash on hand to fund the purchase. Glamorise designs, develops, and sells women’s innerwear on...
Wacoal Completes ¥12.4 Billion Share Buyback Program
Mar 26, 2026
Wacoal Holdings Corp., a leading Japanese intimate apparel maker listed on the TSE Prime Market, focuses on lingerie and related innerwear products for consumers in Japan and overseas. The company leverages its established brand portfolio and mark...
Wacoal Reshapes Top Management as CFO Role Shifts to Hirooka
Feb 24, 2026
Wacoal Holdings has announced a reshuffle of its top management, with Representative Director, Vice President and CFO Akira Miyagi resigning as representative director effective April 1, 2026, as part of a broader change in the management structur...
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.