AOYAMA TRADING Co., Ltd. (8219) AI Stock Analysis

• Market Cap: ¥132.22B
• Dividend Yield: 6.09%
• Average Volume (3M): 273.54K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.50
• Revenue Growth: -1.03%
• EPS Growth: 4.12%
• Country: JP
• Employees: 6,636
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): -30.87
• Shares Outstanding: 50,394,016
• 10 Day Avg. Volume: 237,160
• 30 Day Avg. Volume: 273,536
• PEG Ratio: -1.79
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.52
• P/FCF Ratio: 9.84
• 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: 71 Outperform
• Price Target: ¥2,933.00 ▲(14.35% Upside)

The overall stock score of 71 reflects strong financial performance and attractive valuation, with a high dividend yield and low P/E ratio. However, technical indicators suggest bearish momentum, which tempers the overall score.

Positive Factors

Strong cash generation

Robust free cash flow growth and high operating-cash conversion deliver durable internal funding for capex, dividends, and strategic initiatives. Consistent FCF relative to net income reduces refinancing risk and supports reinvestment or shareholder returns over the medium term.

Conservative balance sheet

Manageable leverage and a strong equity base provide resilience against cyclical retail shocks. A debt/equity of 0.46 and >55% equity ratio lower solvency risk, preserving capacity to invest in digital or store improvements without immediate pressure to raise external capital.

High gross margins and efficiency

Gross margins above 50% signal durable product-level pricing power and sourcing advantages in apparel. Combined with healthy EBITDA, this margin profile supports sustained cash generation and gives management room to invest in operations or absorb cost inflation without immediate margin erosion.

Negative Factors

Low net profitability

A sub-5% net margin indicates limited bottom-line capture from sales, constraining returns on capital and reinvestment capacity. Over the medium term, low net profitability limits ability to fund growth initiatives internally and reduces margin buffer against competitive pressure.

Heavy reliance on physical retail

Dependence on brick-and-mortar sales exposes the company to secular shifts toward e-commerce and higher fixed-cost retail footprints. Limited established online revenue suggests slower adaptation to channel migration, increasing structural risk to sales and operating leverage over time.

Minimal revenue growth

Near-flat top-line expansion restricts economies of scale and hinders meaningful margin expansion. In a competitive apparel market, low revenue growth over multiple years can limit investment capacity, weaken bargaining power with suppliers, and make margin improvements harder to sustain.

AOYAMA TRADING Co., Ltd. Business Overview & Revenue Model

Company Description

Aoyama Trading Co., Ltd. engages in business wear, casual wear, credit card, printing and media, sundry sales, repair service, and other businesses in Japan. The company offers business wear, such as suits, jackets, slacks, coats, formal wear, and other clothing items; and casual wear, such as jeans. It also issues and manages credit cards, as well as manages finance; offers a range of sales promotion services, including distributing flyers and direct mails; and publishes magazines. In addition, the company provides repair services for shoes and key duplication under the Mister Minit brand; sells daily merchandise and processed foods; and operates restaurants and fitness gyms. Further, it operates in the web media business. As of March 31, 2021, the company operated 800 Yofuku-no-Aoyama stores; 50 The Suit Company stores; 8 Universal Language stores; 4 White The Suit Company stores; 6 Universal Language Measure's stores; and 27 Aoyama Suits stores. It also operated 12 LEVI'S stores; 14 2nd STREET stores; 2 JUMBLE STORE stores; 111 Yen shop Daiso stores and 6 WTW stores for sundry and interior products; and 38 Yakiniku King restaurants, 13 Yuzu An restaurants, and 4 Anytime Fitness center for gyms. Aoyama Trading Co., Ltd. was founded in 1964 and is headquartered in Hiroshima, Japan.

How the Company Makes Money

AOYAMA TRADING generates revenue primarily through the sale of its clothing products in its retail stores. The company benefits from a diverse product range that caters to different customer segments, including business professionals and casual shoppers. Key revenue streams include direct sales from brick-and-mortar locations, as well as potential online sales through e-commerce platforms. Additionally, AOYAMA may engage in partnerships with various suppliers and manufacturers to enhance its product offerings, optimize costs, and increase profitability. Seasonal promotions and marketing campaigns also play a crucial role in driving sales and attracting new customers, contributing to the overall financial success of the company.

AOYAMA TRADING Co., Ltd. Financial Statement Overview

Summary

AOYAMA TRADING Co., Ltd. exhibits solid financial performance with consistent revenue growth and strong cash flow generation. The company maintains a stable balance sheet with manageable leverage levels. While profitability is positive, there is room for improvement in net margins to enhance shareholder value.

Income Statement

The company's revenue has shown consistent growth over the past few years, with a revenue growth rate of 0.57% from 2024 to 2025. Gross profit margin stands at 51.41%, indicating strong profitability. The net profit margin is 4.82%, which is positive but shows room for improvement. The EBIT and EBITDA margins are 6.45% and 10.59% respectively, reflecting solid operational efficiency.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.46, indicating manageable leverage. The return on equity (ROE) is 5.29%, suggesting moderate profitability in relation to equity. The equity ratio is 55.82%, demonstrating a strong equity base relative to total assets, which offers financial stability.

Cash Flow

The company has a strong cash flow position, with a free cash flow growth rate of 16.48% over the last year. The operating cash flow to net income ratio is 1.47, indicating robust cash generation relative to net income. The free cash flow to net income ratio is 1.09, reflecting effective cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	193.47B	194.79B	193.69B	183.51B	165.96B	161.40B
Gross Profit	99.96B	100.15B	99.85B	93.78B	83.71B	80.02B
EBITDA	20.28B	20.63B	19.62B	14.52B	11.01B	-21.72B
Net Income	9.23B	9.40B	10.09B	4.28B	1.35B	-38.89B
Balance Sheet
Total Assets	306.55B	318.40B	335.60B	336.24B	322.73B	329.45B
Cash, Cash Equivalents and Short-Term Investments	68.32B	73.38B	84.35B	93.10B	73.43B	53.02B
Total Debt	77.98B	81.11B	91.22B	105.43B	105.29B	103.67B
Total Liabilities	128.38B	136.91B	154.72B	166.22B	158.22B	164.99B
Stockholders Equity	174.48B	177.78B	177.13B	166.44B	161.15B	160.84B
Cash Flow
Free Cash Flow	0.00	10.21B	8.76B	20.77B	13.05B	-10.14B
Operating Cash Flow	0.00	13.78B	12.96B	23.08B	16.53B	-6.13B
Investing Cash Flow	0.00	5.74B	-2.49B	-3.26B	3.78B	13.23B
Financing Cash Flow	0.00	-21.15B	-18.47B	-4.48B	-469.00M	-9.78B

AOYAMA TRADING Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2565.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8219, the sentiment is Positive. The current price of 2565 is above the 20-day moving average (MA) of 2558.75, above the 50-day MA of 2450.60, and above the 200-day MA of 2268.51, indicating a bullish trend. The MACD of 57.23 indicates Negative momentum. The RSI at 74.46 is Negative, neither overbought nor oversold. The STOCH value of 89.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8219.

AOYAMA TRADING Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7606	74 Outperform	¥68.45B	18.89	―	2.73%	10.48%	-34.38%
8214	72 Outperform	¥158.58B	18.33	―	4.49%	2.21%	4.36%
8219	71 Outperform	¥132.22B	14.13	5.53%	6.09%	-1.03%	4.12%
8185	66 Neutral	¥34.89B	17.02	―	4.07%	-9.86%	-14.02%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7416	54 Neutral	¥11.99B	-29.78	―	2.24%	0.49%	-169.64%
7494	47 Neutral	¥8.46B	17.86	―	4.13%	-10.82%	―

AOYAMA TRADING Co., Ltd. Corporate Events

AOYAMA TRADING Posts Weak December Sales and Trims Store Network

AOYAMA TRADING Co., Ltd. reported preliminary year-on-year monthly sales data for December 2025 and the fiscal year ending March 31, 2026, indicating weaker performance in key business-wear categories. For December, the company noted unfavorable sales of coats and formal wear, alongside continued contraction in customer numbers and modestly higher sales per customer, reflecting ongoing demand headwinds in its core categories. Operationally, AOYAMA closed one Yofuku-no-Aoyama store and one UNIVERSAL LANGUAGE MEASURE’S store during the month, trimming its store network as part of an adjustment to current market conditions, which may signal cautious capacity management in a challenging business-wear retail environment.

The most recent analyst rating on (JP:8219) stock is a Buy with a Yen2559.00 price target. To see the full list of analyst forecasts on AOYAMA TRADING Co., Ltd. stock, see the JP:8219 Stock Forecast page.

AOYAMA TRADING Co., Ltd. Reports November 2025 Sales Performance

AOYAMA TRADING Co., Ltd. reported its monthly sales data for November 2025, highlighting steady sales in suits but unfavorable sales in formal and women’s wear. The company did not open any new stores but closed one Yofuku-no-Aoyama and one SUIT SQUARE store, indicating a strategic adjustment in its retail operations.

The most recent analyst rating on (JP:8219) stock is a Buy with a Yen2559.00 price target. To see the full list of analyst forecasts on AOYAMA TRADING Co., Ltd. stock, see the JP:8219 Stock Forecast page.

AOYAMA TRADING Co., Ltd. Reports October 2025 Sales Data

AOYAMA TRADING Co., Ltd. reported its monthly sales data for October 2025, highlighting a decline in sales of formal wear and women’s suits. The company opened one new store and closed another under its Yofuku-no-Aoyama brand. These changes reflect ongoing challenges in the business wear sector, impacting the company’s market positioning and potentially affecting stakeholder interests.

The most recent analyst rating on (JP:8219) stock is a Buy with a Yen2559.00 price target. To see the full list of analyst forecasts on AOYAMA TRADING Co., Ltd. stock, see the JP:8219 Stock Forecast page.