Strong Balance Sheet (low Leverage)Near-zero debt gives the company durable financial flexibility to absorb cash-flow volatility, fund targeted store investments or remodels, and avoid refinancing risk. That balance-sheet strength supports long-term stability even while operating performance is weak, enabling strategic options.

Consistently High Gross MarginsSustained ~68–70% gross margins indicate structural pricing power or favorable product mix in eyeglass retailing. This margin base creates upside if operating costs are controlled or scale improves, allowing incremental revenue to flow to the bottom line over the medium term.

Recurring Retail Revenue StreamsRepeat purchases of contact lenses, consumables and after-sales services create a steady, recurring revenue component and increase customer lifetime value. Combined with in-store vision services, this builds customer stickiness and recurring sales that support predictable revenue over months to years.

Bears Say

Persistent Negative Cash FlowContinuous OCF and FCF deficits across multiple years indicate structural cash-generation issues, potentially from working-capital strain or unprofitable operations. This ongoing cash burn limits reinvestment, forces reliance on reserves or financing, and threatens long-term operational sustainability.

Weak Operating ProfitabilityRepeated operating losses and effectively zero net margin show the company struggles to convert strong gross margins into sustainable profits. This reflects structural cost or scale issues; absent durable cost control or revenue mix improvement, earnings remain fragile to demand or cost shocks.

Very Low Returns On CapitalExtremely low ROE despite minimal leverage signals poor capital efficiency and weak shareholder value creation. It suggests assets and equity base are underutilized or margin structure prevents returns, requiring strategic changes to improve asset turns or profitability for durable improvement.

9854 FAQ

What was Aigan Co., Ltd.’s price range in the past 12 months?

Aigan Co., Ltd. lowest stock price was ¥134.00 and its highest was ¥260.00 in the past 12 months.

What is Aigan Co., Ltd.’s market cap?

Aigan Co., Ltd.’s market cap is ¥4.13B.

When is Aigan Co., Ltd.’s upcoming earnings report date?

Aigan Co., Ltd.’s upcoming earnings report date is May 07, 2026 which is in 80 days.

How were Aigan Co., Ltd.’s earnings last quarter?

Aigan Co., Ltd. released its earnings results on Feb 10, 2026. The company reported ¥0.28 earnings per share for the quarter, beating the consensus estimate of N/A by ¥0.28.

Is Aigan Co., Ltd. overvalued?

According to Wall Street analysts Aigan Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Aigan Co., Ltd. pay dividends?

Aigan Co., Ltd. pays a Annually dividend of ¥4 which represents an annual dividend yield of N/A. See more information on Aigan Co., Ltd. dividends here

What is Aigan Co., Ltd.’s EPS estimate?

Aigan Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Aigan Co., Ltd. have?

Aigan Co., Ltd. has 21,076,155 shares outstanding.

What happened to Aigan Co., Ltd.’s price movement after its last earnings report?

Aigan Co., Ltd. reported an EPS of ¥0.28 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 5.628%.

Which hedge fund is a major shareholder of Aigan Co., Ltd.?

Currently, no hedge funds are holding shares in JP:9854

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Aigan Co., Ltd.

Aigan Co., Ltd. (9854) is a Japanese company primarily engaged in the retail of eyewear products. The company operates in the optical retail sector, offering a wide range of products including prescription glasses, sunglasses, contact lenses, and related accessories. Aigan Co., Ltd. strives to provide high-quality eyewear solutions to meet diverse customer needs, combining fashion with functionality across its product offerings.