Anicom Holdings, Inc. (8715) AI Stock Analysis

• Market Cap: ¥103.57B
• Dividend Yield: 0.82%
• Average Volume (3M): 408.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: 11.18%
• EPS Growth: -16.50%
• Country: JP
• Employees: 933
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 0.03
• Shares Outstanding: 74,939,160
• 10 Day Avg. Volume: 354,520
• 30 Day Avg. Volume: 408,940
• PEG Ratio: 0.54
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 7.08
• 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): 31.2
• Revenue Forecast (FY): ¥73.95B

• Rating: 72 Outperform
• Price Target: ¥1,515.00 ▲(43.19% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is primarily driven by strong financial performance (rapid revenue growth, improving profitability, and exceptional free cash flow) and an established uptrend. This is offset by overbought technical readings that raise pullback risk and a rich valuation (high P/E with a modest dividend yield).

Positive Factors

Free Cash Flow Strength

Exceptional free cash flow growth and strong cash conversion metrics create durable internal funding. This supports reserve funding, product development, marketing and potential M&A without adding leverage, improving resilience to underwriting volatility and enabling multi‑period investment.

Robust Revenue Growth and Profitability

Sustained high revenue growth alongside an improving net margin indicates strong demand and better-than-before operating leverage in the pet insurance franchise. Continued scale can lower per-policy costs and underpin durable earnings growth if pricing and claims trends remain favorable.

Prudent Balance Sheet

Conservative leverage and solid ROE reflect disciplined capital management typical of well-run insurers. A healthy equity ratio and lower indebtedness give flexibility to absorb claim shocks, underwrite selectively, and finance growth initiatives without materially increasing financial risk.

Negative Factors

EBIT Margin Pressure

A declining EBIT margin signals rising operating or underwriting costs that could erode core profitability if persistent. Even with top-line growth, sustained margin pressure would require either higher pricing, tighter underwriting, or structural cost actions to maintain long‑term earnings quality.

Weak EPS Trend

A significant drop in EPS despite revenue gains suggests margin volatility, one‑time items, or greater non‑operating/financial costs per share. Continued EPS weakness undermines per‑share returns and could constrain reinvestment or shareholder distributions over multiple quarters.

Concentrated Business Exposure

Heavy reliance on pet insurance revenue concentrates risk on a single niche. Structural shocks—veterinary cost inflation, regulatory changes, or shifts in pet ownership—could materially affect topline and claims dynamics. Limited diversification increases cyclic and secular exposure.

Anicom Holdings, Inc. Business Overview & Revenue Model

Company Description

Anicom Holdings, Inc., through its subsidiaries, provides pet insurance products and services in Japan. It offers animal hospital management, insurance agency, and paid employment placement services; and clinical research services in animal medicine field. In addition, the company plans, develops, and operates internet services related to pets. Anicom Holdings, Inc. was founded in 2000 and is based in Tokyo, Japan.

How the Company Makes Money

Anicom Holdings makes money primarily through its pet insurance operations. The core revenue stream is insurance-related income generated from policyholders (e.g., premiums paid for pet insurance coverage). The group also earns revenue associated with administering insurance contracts and handling claims, where profitability is influenced by factors such as the volume of in-force policies, pricing, and the balance between premium income and claims paid for veterinary treatment. Additional earnings can come from investment/asset management of insurance-related funds (typical for insurers), where investment income contributes to overall results, but specific allocations or magnitudes are null. Information on material partnerships, distribution agreements, or non-insurance segment revenues is null.

Anicom Holdings, Inc. Financial Statement Overview

Summary

Strong fundamentals supported by 35.2% revenue growth, improved net profit margin (5.37%), and exceptionally strong cash flow (free cash flow up 242.4% with solid cash conversion). Balance sheet leverage is prudent (debt-to-equity 0.36), though a slightly lower EBIT margin suggests some cost pressure.

Income Statement

Anicom Holdings, Inc. has demonstrated strong revenue growth with a 35.2% increase in the latest year, indicating robust business expansion. The net profit margin improved to 5.37%, reflecting enhanced profitability. However, the EBIT margin decreased slightly, suggesting potential cost management challenges.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.36, indicating prudent financial leverage. The return on equity stands at 11.57%, showcasing effective utilization of shareholder funds. The equity ratio is solid, reflecting a stable financial position.

Cash Flow

Anicom Holdings, Inc. exhibits impressive free cash flow growth of 242.4%, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 1.36 indicates efficient cash conversion from earnings. The free cash flow to net income ratio of 0.91 further underscores the company's strong cash flow position.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2021
Income Statement
Total Revenue	65.45B	67.42B	60.33B	56.41B	52.81B	47.87B
Gross Profit	67.30B	62.19B	55.20B	51.34B	47.62B	43.33B
EBITDA	4.15B	5.88B	5.16B	4.54B	4.06B	3.35B
Net Income	2.78B	3.25B	2.73B	2.28B	2.11B	1.59B
Balance Sheet
Total Assets	72.19B	72.49B	66.36B	61.41B	58.63B	55.46B
Cash, Cash Equivalents and Short-Term Investments	0.00	26.46B	23.88B	30.84B	29.64B	31.68B
Total Debt	10.00B	15.05B	5.00B	5.00B	5.00B	5.03B
Total Liabilities	44.31B	44.42B	36.21B	33.22B	31.32B	29.74B
Stockholders Equity	27.88B	28.07B	29.90B	28.18B	27.32B	25.71B
Cash Flow
Free Cash Flow	0.00	5.81B	4.83B	3.57B	3.24B	3.07B
Operating Cash Flow	0.00	6.40B	5.67B	4.42B	4.46B	4.23B
Investing Cash Flow	0.00	-5.09B	-11.13B	-4.07B	-5.49B	-2.13B
Financing Cash Flow	0.00	271.00M	-1.34B	-212.00M	-112.00M	5.15B

Anicom Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1058.00
• 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:8715, the sentiment is Positive. The current price of 1058 is below the 20-day moving average (MA) of 1241.50, below the 50-day MA of 1134.52, and above the 200-day MA of 898.22, indicating a bullish trend. The MACD of 61.83 indicates Negative momentum. The RSI at 77.14 is Negative, neither overbought nor oversold. The STOCH value of 88.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8715.

Anicom Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8630	76 Outperform	¥5.53T	7.65	―	2.82%	11.37%	27.90%
8715	72 Outperform	¥103.57B	-6,185.63	―	0.82%	11.18%	-16.50%
8725	72 Outperform	¥6.08T	8.22	16.97%	2.59%	23.01%	2.59%
7326	69 Neutral	¥54.60B	19.36	6.16%	1.10%	13.99%	85.66%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
7157	67 Neutral	¥179.48B	22.15	―	―	20.22%	19.40%
8766	66 Neutral	¥11.55T	13.03	20.81%	3.33%	-2.10%	-8.76%

Anicom Holdings, Inc. Corporate Events

Anicom’s Pet Insurance and Prevention Business Shows Steady Growth in January 2026

Anicom Holdings reported its monthly management parameters for January 2026, highlighting steady growth in its core pet insurance business, with net premiums written and policies in force increasing versus the previous year. Renewal rates remained robust in the high-80% range, underscoring solid customer retention and recurring revenue dynamics in its insurance portfolio.

The company also continued to expand its prevention-focused initiatives, including a rising number of applicants for its Doubutsu Kenkatsu gut microbiota testing program and an increase in patents held tied to its BioInsurTech strategy. These trends suggest ongoing investment in data-driven, preventive healthcare services for pets, supporting Anicom’s transition toward a prevention-oriented model and potentially enhancing its competitive differentiation in the pet insurance and health market.

The most recent analyst rating on (JP:8715) stock is a Buy with a Yen1282.00 price target. To see the full list of analyst forecasts on Anicom Holdings, Inc. stock, see the JP:8715 Stock Forecast page.

Anicom Holdings Posts Higher Revenue but Sharply Lower Profit for Nine-Month Period

Anicom Holdings reported recurring revenue of ¥54.99 billion for the nine months ended December 31, 2025, up 10.6% year on year, but recurring profit fell 41.2% to ¥2.23 billion and profit attributable to owners declined 44.6% to ¥1.43 billion. Despite modest growth in total assets and equity, profitability weakened markedly, with earnings per share dropping to ¥19.23, even as the company maintained its full-year forecast and signaled a slight year-on-year increase in annual dividends to ¥9 per share, highlighting pressure on margins but continued shareholder returns.

The company’s equity ratio remained essentially flat at around 39%, indicating a stable balance sheet in spite of profit erosion in the current period. Management is projecting full-year recurring revenue of ¥73.0 billion and profit attributable to owners of ¥2.1 billion, implying a continued decline in earnings versus the prior year, which may weigh on investor sentiment even as the unchanged guidance suggests no immediate deterioration beyond current expectations.

The most recent analyst rating on (JP:8715) stock is a Buy with a Yen1270.00 price target. To see the full list of analyst forecasts on Anicom Holdings, Inc. stock, see the JP:8715 Stock Forecast page.

Anicom Holdings Posts Steady Growth in Pet Insurance and Expands Preventive BioInsurTech Initiatives

Anicom Holdings reported its monthly management parameters for December 2025 and the fiscal year-to-date, highlighting steady growth in its pet insurance operations and prevention-focused initiatives. Net premiums written, policies in force, and renewal rates all improved compared with the previous year, indicating stable portfolio expansion and strong customer retention. The company also continued to increase the number of applicants for its “Doubutsu Kenkatsu” gut microbiota testing service and expanded its patent holdings, underscoring its strategic push into BioInsurTech and data-driven preventive healthcare, which supports its transition toward a prevention-oriented business model and may enhance its competitive positioning in Japan’s pet insurance market.

The most recent analyst rating on (JP:8715) stock is a Buy with a Yen1198.00 price target. To see the full list of analyst forecasts on Anicom Holdings, Inc. stock, see the JP:8715 Stock Forecast page.

Anicom Holdings Grows Revenue but Sees Sharp Profit Decline in Nine-Month Results

Anicom Holdings reported consolidated recurring revenues of ¥54,995 million for the nine months ended December 31, 2025, up 10.6% year on year, while recurring profit fell 41.2% to ¥2,228 million and profit attributable to owners of parent declined 44.6% to ¥1,426 million, reflecting pressure on margins despite topline growth; basic earnings per share dropped to ¥19.23. The company’s financial position remained broadly stable, with total assets of ¥73,478 million and an equity ratio of 38.8%, and it maintained its full-year forecast for FY2025/26, projecting recurring revenue of ¥73,000 million and significant year-on-year declines in profit, alongside a planned increase in the annual dividend to ¥9.00 per share, signaling a commitment to shareholder returns despite weaker earnings.

The most recent analyst rating on (JP:8715) stock is a Buy with a Yen1198.00 price target. To see the full list of analyst forecasts on Anicom Holdings, Inc. stock, see the JP:8715 Stock Forecast page.

Anicom Holdings Advances Preventative Pet Insurance Initiatives with November Metrics

Anicom Holdings has disclosed its monthly management metrics for November 2025, showcasing growth in net premiums written, the number of active insurance policies, and advancements in BioInsurTech patents. These updates reflect the company’s commitment to its vision of becoming a prevention-oriented organization, highlighting its continued development of gut microbiota testing services and its focus on improving customer retention rates.

The most recent analyst rating on (JP:8715) stock is a Buy with a Yen995.00 price target. To see the full list of analyst forecasts on Anicom Holdings, Inc. stock, see the JP:8715 Stock Forecast page.