3536—54

Axas Holdings Co Ltd

Miscellaneous Specialty RetailersVerified

Score breakdown

Profitability+12Sentiment+15Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion82AI synthesis40Observations13

Axas Holdings Co Ltd (3536.T) is currently classified as Retailers within Miscellaneous Specialty Retailers (Consumer Cyclicals). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 15,683,435,000 JPY, total equity 2,198,146,000, short-term debt 0, long-term debt 12,081,304,000. Net cash position is approximately -11,280,437,000 JPY. Profitability profile: revenue 12,134,207,000, gross profit 3,056,857,000, operating income 33,944,000, net income 221,312,000. Return on equity ~10.1%. Return on assets ~1.4%. Operating-cash-flow to net-income ratio is -5.39. Risk profile from automated assessment: liquidity risk medium, dilution risk low. Flags: Net cash is negative after subtracting total debt..

Profile

CompanyAxas Holdings Co Ltd

Ticker3536.T

SectorConsumer Cyclicals

BusinessRetailers

Industry groupRetailers

IndustryMiscellaneous Specialty Retailers

AI analysis

Business. Axas Holdings Co Ltd is classified under Consumer Cyclicals / Miscellaneous Specialty Retailers and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Miscellaneous Specialty Retailers, Retailers, Consumer Cyclicals.

Key takeaways

Return on equity is about 10.1%.
Debt to equity is about 5.5x.
Analyst estimate: Last actual EPS = 7.30 JPY
Analyst estimate: Last actual revenue = 12,134,210,000 JPY

Financial snapshot

PeriodHA-latest

CurrencyJPY

Revenue$12.13B

Gross profit$3.06B

Operating income$33.9M

Net income$221.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$1.19B

CapEx-$890.0M

Free cash flow-$364.1M

Total assets$15.68B

Total liabilities$13.49B

Total equity$2.20B

Cash & equivalents$800.9M

Long-term debt$12.08B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$12.13B$33.9M$221.3M-$364.1M

FY-1$11.72B-$43.4M$31.4M-$66.3M

FY-2$11.06B$165.3M$1.0M-$63.6M

FY-3$11.33B$414.0M$258.1M-$1.00B

FY-4$11.81B$353.0M$205.5M-$414.7M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$15.68B$2.20B$800.9M—

FY-1$16.61B$2.03B$1.34B—

FY-2$17.59B$2.08B$797.9M—

FY-3$18.91B$2.18B$2.38B—

FY-4$18.52B$2.02B$4.06B—

PeriodOCFCapExFCFSBC

FY0-$1.19B-$890.0M-$364.1M—

FY-1$749.5M-$366.0M-$66.3M—

FY-2$1.27B-$270.8M-$63.6M—

FY-3-$400.9M-$1.48B-$1.00B—

FY-4$158.1M-$802.2M-$414.7M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0————

FQ-1$3.02B$88.4M$30.9M—

FQ-2$2.88B-$79.0M$251.3M—

FQ-3$3.22B$105.8M$70.4M—

FQ-4$3.33B$5.7M-$49.5M—

FQ-5$2.71B$1.5M-$50.9M—

FQ-6$2.75B-$21.9M$143.3M—

FQ-7$2.98B-$10.3M-$49.2M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$16.18B$2.18B$991.5M—

FQ-1$16.09B$2.18B$760.7M—

FQ-2$15.68B$2.20B$800.9M—

FQ-3$18.47B$1.94B$770.7M—

FQ-4$17.82B$1.86B$856.7M—

FQ-5$17.59B$1.92B$590.1M—

FQ-6$16.61B$2.03B$1.34B—

FQ-7$17.06B$1.88B$785.2M—

PeriodOCFCapExFCFSBC

FQ0$382.1M-$344.4M——

FQ-1————

FQ-2-$1.19B-$890.0M——

FQ-3————

FQ-4-$770.5M-$869.7M——

FQ-5————

FQ-6$749.5M-$366.0M——

FQ-7————

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$2.20B

Net cash-$11.28B

Current ratio0.8

Debt/Equity5.5

ROA1.4%

ROE10.1%

Cash conversion-5.4%

CapEx/Revenue-7.3%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Retailers · cohort 2 companies

Metric3536Activity

Op margin0.3%20.7% medp25 18.7% · p75 22.8%bottom quartile

Net margin1.8%15.6% medp25 13.4% · p75 17.7%bottom quartile

Gross margin25.2%31.0% medp25 19.6% · p75 40.5%below median

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-7.3%4.6% medp25 3.2% · p75 5.9%bottom quartile

Debt / equity550.0%39.3% medp25 19.7% · p75 97.3%top quartile

Observations

IR observations

Last actual EPS7.30 JPY

Last actual revenue12,134,210,000 JPY

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 20:24 UTC#be415b07

Market quoteclose JPY 130.00 · shares 0.03B diluted

no public URL

2026-05-03 20:24 UTC#33b390ba

Source: analysis-pipeline (hybrid)Generated: 2026-05-07 02:22 UTCJob: e31abb63