NAIGAI Co., Ltd. (8013) AI Stock Analysis

• Market Cap: ¥2.28B
• Dividend Yield: N/A
• Average Volume (3M): 9.36K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 0.23
• Revenue Growth: 0.39%
• EPS Growth: -288.31%
• Country: JP
• Employees: 156
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Apparel - Retail
• EPS (TTM): -38.90
• Shares Outstanding: 8,217,281
• 10 Day Avg. Volume: 7,890
• 30 Day Avg. Volume: 9,360
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥284.00
• Price Target Upside: 2.16% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ¥284.00 ▲(2.16% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. While the company shows signs of operational recovery and maintains a strong balance sheet, liquidity concerns due to negative cash flow are significant. Technical indicators suggest bearish sentiment, and valuation metrics indicate potential overvaluation. These factors collectively result in a moderate overall score.

NAIGAI Co., Ltd. Business Overview & Revenue Model

Company Description

NAIGAI Co., Ltd. (8013) is a Japanese company primarily engaged in the design, manufacture, and sale of hosiery products. The company offers a wide range of hosiery items, including socks, stockings, and pantyhose for men, women, and children. With a focus on quality and innovation, NAIGAI has established itself as a prominent player in the fashion and apparel industry, leveraging its expertise to cater to both domestic and international markets.

How the Company Makes Money

NAIGAI Co., Ltd. generates revenue through the sale of its hosiery products, which are distributed across various channels, including direct sales to retailers, online platforms, and through its own branded stores. The company's key revenue streams include wholesale distribution to department stores and specialty shops, as well as retail sales through e-commerce and physical locations. NAIGAI also benefits from strategic partnerships and licensing agreements that allow it to expand its product offerings and market reach. Additionally, the company invests in product innovation and marketing to maintain its competitive edge and attract a diverse customer base.

NAIGAI Co., Ltd. Financial Statement Overview

Summary

NAIGAI Co., Ltd. shows signs of recovery with improving EBIT and EBITDA margins, alongside stable revenue growth. The balance sheet is robust, marked by low leverage and a solid equity base. Despite these positives, the company faces challenges in cash flow management, with consistent negative free cash flow indicating liquidity concerns.

Income Statement

The company shows a positive trend in revenue growth with a recent increase of 1.08%. The gross profit margin remains stable at around 37%, reflecting efficient cost control relative to sales. However, the net profit margin is thin at 0.76%, indicating limited profitability. EBIT margin improved significantly from -9.3% in 2023 to 0.43% in 2025, suggesting better operational efficiency, but it remains low. The EBITDA margin is modest at 0.78%, showing some recovery from past losses.

Balance Sheet

The company maintains a strong equity base with an equity ratio of 55.2%, indicating financial stability. The debt-to-equity ratio is low at 0.25, reflecting conservative leverage. Return on equity improved to 1.52%, which is a positive sign of increasing profitability, though still on the lower side.

Cash Flow

The company struggles with negative free cash flow, although there has been a notable improvement from -426 million to -102 million yen. The operating cash flow to net income ratio is negative, signaling challenges in converting profits into cash. The free cash flow to net income ratio is also negative, indicating ongoing cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.16B	13.16B	13.02B	12.71B	13.46B	11.69B
Gross Profit	4.88B	4.88B	4.78B	3.97B	5.25B	3.78B
EBITDA	125.00M	202.00M	228.00M	-1.39B	221.00M	-1.72B
Net Income	100.00M	100.00M	112.00M	-1.55B	124.00M	-1.84B
Balance Sheet
Total Assets	11.89B	11.89B	11.19B	11.35B	11.71B	11.77B
Cash, Cash Equivalents and Short-Term Investments	3.54B	3.54B	3.37B	3.95B	4.13B	5.45B
Total Debt	1.67B	1.67B	1.70B	1.84B	1.43B	2.33B
Total Liabilities	5.33B	5.33B	5.40B	5.57B	4.75B	5.08B
Stockholders Equity	6.56B	6.56B	5.79B	5.78B	6.96B	6.70B
Cash Flow
Free Cash Flow	0.00	-102.00M	-411.00M	-642.00M	-629.00M	-414.00M
Operating Cash Flow	0.00	-35.00M	-357.00M	-528.00M	-511.00M	-321.00M
Investing Cash Flow	0.00	205.00M	-107.00M	-116.00M	47.00M	-104.00M
Financing Cash Flow	0.00	-75.00M	-156.00M	384.00M	-900.00M	2.10B

NAIGAI Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 278.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8013, the sentiment is Negative. The current price of 278 is equal to the 20-day moving average (MA) of 278.00, below the 50-day MA of 285.52, and above the 200-day MA of 259.27, indicating a neutral trend. The MACD of -1.71 indicates Negative momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8013.

NAIGAI Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9271	73 Outperform	¥4.73B	10.53		―	37.51%	176.25%
Sector *	61 Neutral	$17.96B	13.14	-5.29%	3.00%	1.25%	-13.95%
8025	61 Neutral	¥5.38B	38.27		2.26%	4.02%	-340.47%
3607	56 Neutral	¥3.09B	87.48		2.84%	3.99%	-94.31%
8013	54 Neutral	¥2.28B	23.46		―	0.39%	-288.31%
2778	54 Neutral	¥1.72B	―		―	-6.82%	-146.83%
7603	40 Underperform	¥9.16B	―		―	-10.95%	-19.17%