LOOK HOLDINGS INC (8029) AI Stock Analysis

• Market Cap: ¥18.78B
• Dividend Yield: 3.76%
• Average Volume (3M): 15.06K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.51
• Revenue Growth: -6.03%
• EPS Growth: -9.66%
• Country: JP
• Employees: 939
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 114.26
• Shares Outstanding: 7,796,313
• 10 Day Avg. Volume: 23,350
• 30 Day Avg. Volume: 15,063
• PEG Ratio: -0.53
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 11.25
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥2,800.00 ▲(11.46% Upside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is driven primarily by steady but pressured financial performance: a stronger, less-levered balance sheet is offset by clear margin compression and softening revenue momentum, with only moderate cash conversion. Technicals are supportive (price above key averages and positive MACD), while valuation is reasonably attractive with a moderate P/E and solid dividend yield.

Positive Factors

Improving leverage

Declining debt-to-equity and a growing equity base materially strengthen financial flexibility. Over the next 2–6 months this reduces refinancing risk, supports capacity for targeted capex or restructuring, and gives management room to sustain operations through cyclical softness.

High gross margins

Sustained ~60% gross margins point to structural product or mix advantages (pricing power or low COGS). High gross margin provides a durable buffer against input-cost shocks and gives scope to fund SG&A or marketing to defend market share over the medium term.

Free cash flow recovery

Return to positive free cash flow indicates operational improvements and enhances self-funding ability. Sustained FCF supports reinvestment, gradual debt paydown or shareholder returns and reduces reliance on external financing over coming quarters.

Negative Factors

Net margin compression

A sharp drop in net margin signals weakening operating leverage or loss of pricing power. Persistently lower margins will erode ROE and limit internal funding for growth; unless reversed, margin compression threatens durable earnings power and long-term shareholder returns.

Softening revenue trend

Negative top-line momentum reduces scale benefits and heightens reliance on margin recovery for earnings. Continued revenue decline pressures fixed-cost absorption, narrows strategic options, and makes sustained growth or share gains harder without new initiatives.

Moderate, volatile cash conversion

Only moderate FCF conversion and historical volatility limit predictability of internal funding. This constrains consistent capex, acquisitions or dividend policies and increases sensitivity to working-capital swings, raising execution risk over the medium term.

LOOK HOLDINGS INC Business Overview & Revenue Model

Company Description

Look Holdings Incorporated engages in planning, manufacturing, and selling women's apparels and related accessories in Japan, South Korea, Europe, China, Hong Kong, the United States, and China. Its products include handbag and leather goods; fashion, home decor, and design products; and ballet shoes. The company offers its products under the A.P.C., IL BISONTE, IL BISONTE UOMO, KEITH, CLAUS PORTO, KORET, SCAPA, Debut de Fiore, Marimekko, RAINS, LAISSÉ PASSÉ, Repetto, and Gelateria Marghera brands. The company also manufactures and sells gelato; and provides logistics services. It sells its products through its physical and online stores. The company was formerly known as Look Incorporated and changed its name to Look Holdings Incorporated in January 2018. Look Holdings Incorporated was incorporated in 1944 and is headquartered in Tokyo, Japan.

How the Company Makes Money

LOOK HOLDINGS INC generates revenue through multiple channels, primarily by investing in and managing a portfolio of subsidiary companies across different sectors. The company earns income from dividends and profit shares from these subsidiaries. Additionally, LOOK HOLDINGS INC may engage in strategic partnerships with other firms to co-develop products or services, sharing revenue generated from these collaborations. The company also benefits from capital gains through the appreciation of its investments over time, which are realized upon the sale of these assets. Other potential revenue streams could include consulting services or licensing agreements related to its technology and innovations.

LOOK HOLDINGS INC Financial Statement Overview

Summary

Balance sheet strength (declining debt-to-equity and growing equity) supports stability, but profitability has compressed materially (net margin down to ~2.8% in 2025) and revenue growth has cooled; cash flow has improved versus prior weak years but remains volatile with only moderate conversion.

Income Statement

Revenue has been broadly stable since 2021 with a step-up in 2022, but growth has cooled and 2025 declined versus 2024. Profitability is positive but has compressed meaningfully: net margin fell from ~4.9% (2022) and ~4.4% (2023) to ~2.8% (2025), alongside lower operating profitability. Gross margin remains strong (~60% in 2024–2025), but the drop in operating and net margins points to higher costs and/or weaker pricing power, limiting earnings momentum.

Balance Sheet

Leverage looks manageable and improving, with debt-to-equity declining from ~0.52 (2020–2021) to ~0.27 (2025), supported by a growing equity base. Total assets have risen steadily over time, suggesting balance-sheet expansion without a commensurate increase in leverage. The key watch-out is that returns on equity have moderated from stronger levels in 2022–2023, consistent with the recent profitability compression.

Cash Flow

Cash generation is positive in recent years, with free cash flow turning solidly positive in 2024–2025 after a negative year in 2023 (and also negative in 2020). However, cash conversion is only moderate: operating cash flow is a relatively small share of net income in 2024–2025, and free cash flow runs at roughly two-thirds of net income, which is decent but not best-in-class. Overall, cash flow has improved versus the weaker years, but volatility and only middling conversion keep the score restrained.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.53B	52.12B	54.74B	55.48B	54.69B	41.06B
Gross Profit	31.86B	31.46B	32.82B	31.64B	32.24B	20.52B
EBITDA	4.43B	3.78B	4.57B	4.79B	5.33B	3.94B
Net Income	1.76B	1.47B	1.93B	2.46B	2.67B	1.81B
Balance Sheet
Total Assets	60.52B	64.04B	61.41B	56.86B	54.46B	50.60B
Cash, Cash Equivalents and Short-Term Investments	7.68B	8.69B	8.14B	7.32B	9.24B	9.59B
Total Debt	11.12B	10.81B	11.29B	11.10B	12.07B	13.67B
Total Liabilities	23.11B	23.58B	23.63B	22.43B	24.54B	24.52B
Stockholders Equity	37.41B	40.46B	37.78B	34.42B	29.91B	26.08B
Cash Flow
Free Cash Flow	0.00	1.67B	1.60B	206.00M	2.20B	3.28B
Operating Cash Flow	0.00	2.55B	2.45B	1.14B	2.84B	4.05B
Investing Cash Flow	0.00	-722.00M	-1.19B	-1.58B	-884.00M	-1.09B
Financing Cash Flow	0.00	-1.36B	-397.00M	-1.54B	-2.48B	256.00M

LOOK HOLDINGS INC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2512.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8029, the sentiment is Negative. The current price of 2512 is above the 20-day moving average (MA) of 2472.00, above the 50-day MA of 2491.58, and above the 200-day MA of 2475.43, indicating a bearish trend. The MACD of -16.05 indicates Positive momentum. The RSI at 42.64 is Neutral, neither overbought nor oversold. The STOCH value of 46.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8029.

LOOK HOLDINGS INC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3608	68 Neutral	¥50.65B	7.26	18.28%	6.12%	-6.22%	679.61%
8029	66 Neutral	¥18.78B	12.71	3.89%	3.76%	-6.03%	-9.66%
3002	66 Neutral	¥138.87B	17.53	2.80%	3.38%	>-0.01%	-49.83%
8011	66 Neutral	¥39.16B	13.45	―	5.23%	―	―
2685	64 Neutral	¥128.50B	9.43	11.70%	3.59%	3.96%	-36.24%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3591	59 Neutral	¥211.89B	39.72	5.31%	2.29%	-6.04%	146.54%