Workman Co., Ltd. (JP:7564)
:7564
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Workman Co., Ltd.
(7564)
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Rating:75Outperform
Price Target:
¥8,010.00
▲(21.73% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by strong financial quality—steady growth, solid profitability, and an extremely low-debt balance sheet. Technicals are supportive but show stretched momentum (near-overbought signals), and valuation is a meaningful headwind given the higher P/E and only modest dividend yield.
Positive Factors
Conservative balance sheet
Workman’s very low absolute debt (about 1.8B in 2025 and 1.7B in 2026) against large equity (135.3B in 2025 and 153.5B in 2026) provides durable downside protection and financial flexibility. This supports franchisor cash needs, selective capex, and strategic investments without strain on liquidity.
Negative Factors
Margin compression since 2021–2022
Margins have declined from earlier peak levels, suggesting rising cost pressure or reduced pricing power versus prior years. Persistent compression would erode operating leverage, constrain reinvestment capacity and reduce the long-term earnings upside even if revenues keep growing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Workman’s very low absolute debt (about 1.8B in 2025 and 1.7B in 2026) against large equity (135.3B in 2025 and 153.5B in 2026) provides durable downside protection and financial flexibility. This supports franchisor cash needs, selective capex, and strategic investments without strain on liquidity.
Read all positive factors
Workman Co., Ltd. (7564) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥603.92B
Dividend Yield1.04%
Average Volume (3M)263.09K
Price to Earnings (P/E)24.7
Beta (1Y)-0.02
Revenue Growth17.47%
EPS Growth22.05%
CountryJP
Employees381
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)223.01
Shares Outstanding81,846,820
10 Day Avg. Volume188,510
30 Day Avg. Volume263,090
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)3.32
Price to Sales (P/S)3.17
P/FCF Ratio46.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,661.43Price Target Upside16.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)287.36
Revenue Forecast (FY)¥183.23B
Workman Co., Ltd. Business Overview & Revenue Model
Company Description
Workman Co.,Ltd. operates a chain of specialty retail stores by franchise system in Japan. Its stores offer working clothes and work-related products, such as waterproof winter clothing, rain suits, tethers, rainwear, aluminum jumpers and vests, g...
How the Company Makes Money
Workman makes money primarily through retail sales of private-label and branded workwear-related products sold through its store network and other sales channels. A significant portion of its store base is operated under a franchise model, through...
Workman Co., Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 141.44B | 160.85B | 136.93B | 132.65B | 128.29B | 116.26B |
| Gross Profit | 52.77B | 60.99B | 48.15B | 44.50B | 42.45B | 44.04B |
| EBITDA | 29.23B | 29.68B | 27.45B | 25.92B | 26.45B | 28.84B |
| Net Income | 18.20B | 20.62B | 16.89B | 15.99B | 16.66B | 18.30B |
Balance Sheet | ||||||
| Total Assets | 161.31B | 185.26B | 162.78B | 149.32B | 136.32B | 125.68B |
| Cash, Cash Equivalents and Short-Term Investments | 81.97B | 83.74B | 80.38B | 68.19B | 62.64B | 64.28B |
| Total Debt | 1.67B | 1.69B | 1.81B | 1.93B | 2.06B | 2.20B |
| Total Liabilities | 26.82B | 31.80B | 27.48B | 23.89B | 22.08B | 22.12B |
| Stockholders Equity | 134.49B | 153.46B | 135.30B | 125.43B | 114.24B | 103.56B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.94B | 18.57B | 11.52B | 4.51B | 12.07B |
| Operating Cash Flow | 0.00 | 18.84B | 24.79B | 15.23B | 8.81B | 18.45B |
| Investing Cash Flow | 0.00 | -13.40B | -29.93B | -9.00B | 230.00M | -9.63B |
| Financing Cash Flow | 0.00 | -6.07B | -5.67B | -5.68B | -5.68B | -5.35B |
Workman Co., Ltd. Technical Analysis
Positive
6580.00
Price Trends
6800.54
Positive
6716.63
Positive
6351.81
Positive
Market Momentum
150.43
Positive
56.91
Neutral
64.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7564, the sentiment is Positive. The current price of 6580 is below the 20-day moving average (MA) of 7237.50, below the 50-day MA of 6800.54, and above the 200-day MA of 6351.81, indicating a bullish trend. The MACD of 150.43 indicates Positive momentum. The RSI at 56.91 is Neutral, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7564.
Workman Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥664.11B | 14.02 | 12.11% | 2.68% | 1.73% | 2.18% | |
77 Outperform | ¥23.73T | 40.16 | 19.84% | 0.90% | 11.25% | 16.84% | |
75 Outperform | ¥603.92B | 24.70 | ― | 1.04% | 17.47% | 22.05% | |
73 Outperform | ¥710.87B | 20.92 | 8.48% | 2.02% | 5.20% | 6.54% | |
68 Neutral | ¥8.93B | 135.82 | ― | 0.51% | 19.01% | 64.98% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
40 Underperform | ¥5.66B | -0.47 | ― | ― | -11.65% | -35.29% |
* Consumer Cyclical Sector Average
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Workman Co., Ltd. Corporate Events
Workman Delivers Double-Digit Earnings Growth and Raises Dividend
May 11, 2026
Workman Co., Ltd. reported strong non-consolidated results for the fiscal year ended March 31, 2026, with total operating revenue rising 17.5% to ¥160.9 billion and net income climbing 22.1% to ¥20.6 billion, supported by a 14.3% increas...
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.