Matsuoka Corp

Matsuoka Corp's capital structure is characterized by a relatively low debt-to-equity ratio of 0.43, indicating a conservative leverage position compared to industry norms. The company maintains a strong liquidity position with cash and equivalents amounting to ¥17,996 million, which is a significant portion of its total assets. This liquidity provides a buffer against short-term obligations and supports operational flexibility.

Profitability metrics for Matsuoka Corp show a mixed picture. The company reported a net income of ¥540 million, but its operating income was negative at ¥617 million, indicating operational challenges. The return on equity (ROE) of 1.62% and return on assets (ROA) of 0.82% are below the industry median, suggesting that the company is underperforming in terms of capital efficiency and asset utilization.

Geographically, Matsuoka Corp's revenue is primarily concentrated in Japan, with no significant international segments disclosed. This concentration increases exposure to domestic economic conditions and regulatory changes. The company's revenue concentration in a single market may limit its growth potential and increase vulnerability to regional economic downturns.

The company's growth trajectory is uncertain, with a negative operating income and a net income that is significantly lower than its revenue. The price-to-earnings (P/E) ratio of 45.07 suggests that the market is valuing the company at a premium relative to its earnings, which may not be sustainable given the current financial performance. The outlook for the next fiscal year remains cautious, with no clear indicators of significant revenue growth.

Risk factors for Matsuoka Corp include the potential for operational inefficiencies and the risk of dilution, although the current dilution risk is assessed as low. The company has not issued new shares recently, and there are no immediate filing-based liquidity or dilution flags. However, the negative operating income and low ROE indicate underlying operational risks that could affect future performance.

Recent events and filings do not show any significant changes in the company's financial strategy or operations. The company's latest actual EPS was 259.41 JPY, and its actual revenue was ¥70,579 million, which is lower than the reported revenue of ¥15,359 million. This discrepancy may indicate a need for further investigation into the company's financial reporting practices.

Revenue grew 17.3% year-over-year to JPY 70.6 billion in fiscal 2025, demonstrating strong top-line expansion.

Free cash flow surged 43.2% to JPY 2.1 billion, indicating improved operational cash generation capabilities.

Cash conversion ratio of 10.01 ranks best-in-class among 306 apparel peers, highlighting superior efficiency.

Debt-to-equity ratio of 0.43 is below the cohort median of 0.27, suggesting a manageable leverage profile.

Operating margin of -4.0% places the company in the bottom quartile of 319 apparel peers.

The company faces high credit risk, posing a significant threat to financial stability and borrowing costs.

Net income CAGR of -1.5% over four years reflects a long-term decline in profitability trends.

Revenue ¥19.46B, +10,5% YoY; Operating income −38,2% YoY.

• ▍Revenue ¥19.46B, +10,5% YoY
• ▍Operating income −38,2% YoY
• ▍Net income −22,7% YoY
• ▍Net margin 4.2%

Revenue ¥17.87B, −10,9% YoY; Operating income +192,7% YoY.

• ▍Revenue ¥17.87B, −10,9% YoY
• ▍Operating income +192,7% YoY
• ▍Net income +231,1% YoY
• ▍Net margin 4.9%

Revenue ¥16.96B, +11,7% YoY; Operating income +208,4% YoY.

• ▍Revenue ¥16.96B, +11,7% YoY
• ▍Operating income +208,4% YoY
• ▍Net income −56,9% YoY
• ▍Net margin 2.0%

Revenue ¥17.73B, +15,5% YoY; Operating income +58,7% YoY.

• ▍Revenue ¥17.73B, +15,5% YoY
• ▍Operating income +58,7% YoY
• ▍Net income −7,2% YoY
• ▍Net margin 2.8%

Revenue ¥17.61B; Operating income ¥638.0M.

• ▍Revenue ¥17.61B
• ▍Operating income ¥638.0M
• ▍Net margin 6.0%

Revenue ¥20.06B; Operating income ¥192.0M.

• ▍Revenue ¥20.06B
• ▍Operating income ¥192.0M
• ▍Net margin 1.3%

Revenue ¥15.18B; Operating income -¥190.0M.

• ▍Revenue ¥15.18B
• ▍Operating income -¥190.0M
• ▍Net margin 5.1%

Revenue ¥15.36B; Operating income -¥617.0M.

• ▍Revenue ¥15.36B
• ▍Operating income -¥617.0M
• ▍Net margin 3.5%

Revenue ¥70.58B, +17,3% YoY; Operating income −4,2% YoY.

• ▍Revenue ¥70.58B, +17,3% YoY
• ▍Operating income −4,2% YoY
• ▍Net income +5,8% YoY
• ▍Free cash flow +43,2% YoY
• ▍Net margin 3.7%

Revenue ¥60.18B, −4,1% YoY; Operating income +280,3% YoY.

• ▍Revenue ¥60.18B, −4,1% YoY
• ▍Operating income +280,3% YoY
• ▍Net income +46,7% YoY
• ▍Free cash flow +144,1% YoY
• ▍Net margin 4.1%

Revenue ¥62.78B, +23,0% YoY; Operating income −223,2% YoY.

• ▍Revenue ¥62.78B, +23,0% YoY
• ▍Operating income −223,2% YoY
• ▍Net income +200,2% YoY
• ▍Free cash flow −154,3% YoY
• ▍Net margin 2.7%

Revenue ¥51.06B, −5,3% YoY; Operating income −95,4% YoY.

• ▍Revenue ¥51.06B, −5,3% YoY
• ▍Operating income −95,4% YoY
• ▍Net income −79,8% YoY
• ▍Free cash flow −216,5% YoY
• ▍Net margin 1.1%