Matsuoka Corp. Ltd. (3611) AI Stock Analysis

• Market Cap: ¥18.54B
• Dividend Yield: 4.98%
• Average Volume (3M): 22.91K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.91
• Revenue Growth: 17.29%
• EPS Growth: 5.46%
• Country: JP
• Employees: 17,278
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Apparel - Manufacturers
• EPS (TTM): 49.38
• Shares Outstanding: 10,532,600
• 10 Day Avg. Volume: 19,690
• 30 Day Avg. Volume: 22,906
• PEG Ratio: 0.04
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.04
• 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

• Rating: 73 Outperform
• Price Target: ¥2,011.00 ▲(11.23%Upside)

Matsuoka Corp. Ltd. is rated favorably due to its strong valuation metrics and positive technical indicators, suggesting potential undervaluation and upward momentum. Nonetheless, challenges in cash flow generation and operational efficiency present risks that need to be monitored.

Matsuoka Corp. Ltd. Business Overview & Revenue Model

Company Description

Matsuoka Corp. Ltd. is a Japan-based company primarily engaged in the production of apparel and textiles. The company operates in the fashion industry, focusing on the design, manufacturing, and sale of a wide range of clothing items. Matsuoka Corp. Ltd. is known for its high-quality garments and collaborates with various brands to deliver stylish and functional clothing solutions.

How the Company Makes Money

Matsuoka Corp. Ltd. generates revenue through a diversified business model centered around the apparel industry. The company makes money by designing and manufacturing clothing products that are sold to both domestic and international markets. It engages in direct sales, as well as through strategic partnerships with renowned fashion brands, acting as an original equipment manufacturer (OEM) and original design manufacturer (ODM). This allows the company to leverage its expertise in textile production and innovation to create custom apparel solutions tailored to brand specifications. Additionally, Matsuoka Corp. Ltd. benefits from economies of scale, efficient production processes, and a robust supply chain network, enhancing its profitability and competitive advantage in the global market.

Matsuoka Corp. Ltd. Financial Statement Overview

Summary

Matsuoka Corp. Ltd. shows strong revenue growth and a stable financial structure, but faces challenges with declining operational margins and free cash flow. The company's stable equity ratio and manageable debt-to-equity ratio are positives, yet cash generation efficiency needs improvement.

Income Statement

Matsuoka Corp. Ltd. demonstrated a positive revenue growth of 17.28% from 2024 to 2025, indicating strong sales performance. The gross profit margin for 2025 was 9.34%, while the net profit margin was 3.68%, reflecting moderate profitability. EBIT margin decreased significantly compared to previous years, suggesting potential operational challenges. Overall, the income statement shows solid growth but with some pressure on operational efficiency.

Balance Sheet

The company maintains a healthy equity ratio of 51.85% in 2025, indicating financial stability. The debt-to-equity ratio increased to 0.42, which remains manageable but reflects a slight rise in leverage. Return on equity was 6.92%, showing satisfactory returns to shareholders. The balance sheet is stable, though increased debt warrants cautious monitoring.

Cash Flow

Free cash flow experienced a significant decline from 2024 to 2025, decreasing by 79.19%, which raises concerns about cash generation capabilities. The operating cash flow to net income ratio of 1.05 in 2025 is acceptable but lower than previous periods, indicating reduced cash flow efficiency. The company's ability to generate cash remains a concern despite positive operating cash flows.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	68.20B	70.58B	60.18B	62.78B	51.06B	53.93B
Gross Profit	6.71B	6.59B	6.48B	5.79B	4.77B	8.89B
EBITDA	3.10B	6.58B	6.60B	1.91B	1.47B	5.80B
Net Income	2.64B	2.60B	2.46B	1.68B	559.00M	2.76B
Balance Sheet
Total Assets	70.24B	72.45B	65.70B	59.30B	51.88B	43.00B
Cash, Cash Equivalents and Short-Term Investments	20.84B	20.15B	18.00B	15.06B	15.84B	13.11B
Total Debt	16.40B	15.74B	14.35B	14.52B	9.24B	5.60B
Total Liabilities	32.81B	31.92B	29.64B	26.99B	22.44B	16.44B
Stockholders Equity	34.63B	37.56B	33.26B	29.47B	26.85B	24.06B
Cash Flow
Free Cash Flow	0.00	601.00M	2.89B	-6.82B	-1.75B	4.30B
Operating Cash Flow	0.00	2.72B	5.41B	-506.00M	821.00M	6.65B
Investing Cash Flow	0.00	-2.03B	-2.58B	-6.20B	-2.81B	-341.00M
Financing Cash Flow	0.00	705.00M	-753.00M	4.91B	3.15B	-2.35B

Matsuoka Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1808.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3611, the sentiment is Neutral. The current price of 1808 is below the 20-day moving average (MA) of 1814.25, below the 50-day MA of 1812.50, and above the 200-day MA of 1781.50, indicating a neutral trend. The MACD of 0.69 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 28.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3611.

Matsuoka Corp. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7460	80 Outperform	¥22.57B	8.70		3.30%	0.64%	25.69%
8118	74 Outperform	¥14.69B	17.82		2.20%	-4.57%	38.88%
3611	73 Outperform	¥18.54B	6.97		4.98%	17.29%	5.46%
8029	73 Outperform	¥18.78B	11.16	4.49%	4.12%	-3.59%	-28.68%
Sector *	67 Neutral	¥253.34B	13.18	6.44%	2.78%	5.06%	-11.83%
3501	59 Neutral	¥15.70B	28.94		1.78%	-0.13%	-103.88%
3529	55 Neutral	¥20.00B	20.09		―	3.16%	-128.26%

Matsuoka Corp. Ltd. Corporate Events

Matsuoka Corporation Corrects Dividend Payment Date

Matsuoka Corporation has announced a correction to its previously released consolidated financial results for the fiscal year ended March 31, 2025. The correction pertains to the scheduled date for the commencement of dividend payments, which has been adjusted from June 28, 2025, to June 30, 2025. This correction ensures accurate financial reporting and maintains transparency with stakeholders.

Matsuoka Corp. Ltd. Reports Mixed FY 2025 Financial Results with Increased Sales and Dividends

Matsuoka Corp. Ltd. reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a 17.3% increase in sales to 70,579 million yen. Despite the rise in sales, operating income decreased by 45.3% to 433 million yen, while profit attributable to owners of the parent increased by 5.8% to 2,600 million yen. The company announced a significant increase in its annual dividend per share from 50 yen to 90 yen, indicating a stronger return to shareholders. The financial results suggest a mixed performance with improved sales and dividends but challenges in operating income, impacting its overall industry positioning and stakeholder expectations.