8123$1375.0058

T.Kawabe & Co Ltd

Apparel & AccessoriesVerified

Score breakdown

Valuation+45Profitability+32Sentiment+30Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations13

T.Kawabe & Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.32, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.52, suggesting it can cover its short-term obligations with its current assets. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 5.81% and a return on assets (ROA) of 3.32%, both below the typical thresholds for high-performing firms in the Apparel & Accessories industry. The company's gross profit margin is 41.17%, while the operating margin is 2.39%, indicating that while the company is generating profit, it is not doing so at a rate that outperforms the industry median [doc:HA-latest]. The company's revenue is distributed across two primary segments: Personal Items and Fragrance. The Personal Items segment is the core of the business, with a focus on textiles and accessories, while the Fragrance segment contributes to a more diversified revenue base. Geographically, the company's exposure is primarily domestic, with no significant international revenue concentration disclosed [doc:HA-latest]. Looking ahead, the company's growth trajectory is modest, with no significant revenue growth expected in the current fiscal year. The company's capital expenditure is negative, indicating a reduction in investment in physical assets, which may reflect a strategy of cost containment or a shift toward digital or service-based offerings [doc:HA-latest]. The company faces moderate liquidity risk, as highlighted by the risk assessment, and the potential for dilution is low. The company has not made any recent equity issuances or announced plans for additional share offerings, which supports the low dilution risk rating [doc:HA-latest]. Recent events and disclosures have not indicated any major operational or financial disruptions. The company's latest financial results align with analyst estimates, suggesting that the company is performing in line with market expectations. No significant regulatory or legal issues have been reported in the latest filings [doc:HA-latest].

Profile

CompanyT.Kawabe & Co Ltd

Ticker8123.T

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. T.Kawabe & Co Ltd operates in the apparel and accessories sector, generating revenue through the sale and wholesale of personal items such as handkerchiefs, scarves, and towels, as well as through the fragrance business, including perfumes [doc:HA-latest].

Classification. T.Kawabe & Co Ltd is classified under the Consumer Cyclicals economic sector, specifically in the Cyclical Consumer Products business sector and the Apparel & Accessories industry, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

T.Kawabe & Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.32.
The company's profitability metrics, including ROE and ROA, are below typical thresholds for the Apparel & Accessories industry.
Revenue is distributed across two segments, with a primary focus on the Personal Items segment.
The company's growth trajectory is modest, with no significant revenue growth expected in the current fiscal year.
The company faces moderate liquidity risk but has a low potential for dilution.
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Financial snapshot

PeriodHA-latest

CurrencyJPY

Revenue$12.77B

Gross profit$5.26B

Operating income$305.7M

Net income$411.8M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$384.7M

CapEx-$225.2M

Free cash flow$214.3M

Total assets$12.41B

Total liabilities$5.32B

Total equity$7.09B

Cash & equivalents$1.36B

Long-term debt$2.28B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$12.77B$305.7M$411.8M$214.3M

FY-1$13.07B$250.1M$267.0M$213.5M

FY-2$12.55B$117.2M$124.5M$245.2M

FY-3$10.79B-$242.7M-$366.0M-$323.1M

FY-4$11.29B-$805.0M-$433.8M-$373.1M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$12.41B$7.09B$1.36B—

FY-1$12.70B$6.86B$1.48B—

FY-2$12.19B$6.41B$1.59B—

FY-3$12.30B$6.08B$1.31B—

FY-4$12.55B$6.39B$908.9M—

PeriodOCFCapExFCFSBC

FY0$384.7M-$225.2M$214.3M—

FY-1$343.9M-$199.7M$213.5M—

FY-2$837.6M-$64.9M$245.2M—

FY-3-$174.6M-$145.8M-$323.1M—

FY-4-$579.9M-$86.9M-$373.1M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$3.41B$62.5M$74.5M—

FQ-1$3.08B$46.5M$43.9M—

FQ-2$3.05B$23.6M$34.8M—

FQ-3$3.57B$265.9M$201.6M—

FQ-4$3.61B$228.5M$197.4M—

FQ-5$2.88B-$3.5M$197.5M—

FQ-6$2.72B-$185.2M-$184.7M—

FQ-7$3.70B$249.3M$244.2M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1$12.66B$7.26B$1.97B—

FQ-2$12.33B$7.01B$1.57B—

FQ-3$12.41B$7.09B$1.36B—

FQ-4$12.54B$6.99B$1.09B—

FQ-5$11.84B$6.65B$1.02B—

FQ-6$12.36B$6.63B$1.53B—

FQ-7$12.70B$6.86B$1.48B—

PeriodOCFCapExFCFSBC

FQ0————

FQ-1$695.0M-$44.6M——

FQ-2————

FQ-3$384.7M-$225.2M——

FQ-4————

FQ-5-$124.1M-$84.1M——

FQ-6————

FQ-7$343.9M-$199.7M——

Valuation

Market price$1375.00

Market cap$2.51B

Enterprise value$3.42B

P/E6.1

Reported non-GAAP P/E—

EV/Revenue0.3

EV/Op income11.2

EV/OCF8.9

P/B0.3

P/Tangible book0.3

Tangible book$7.09B

Net cash-$915.9M

Current ratio1.5

Debt/Equity0.3

ROA3.3%

ROE5.8%

Cash conversion93.0%

CapEx/Revenue-1.8%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Apparel & Accessories · cohort 2 companies

Metric8123Activity

Op margin2.4%6.6% medp25 4.6% · p75 8.7%bottom quartile

Net margin3.2%3.7% medp25 2.0% · p75 5.5%below median

Gross margin41.2%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue-1.8%1.1% medp25 0.9% · p75 1.4%bottom quartile

Debt / equity32.0%124.3% medp25 86.1% · p75 162.6%bottom quartile

Observations

IR observations

Last actual EPS225.64 JPY

Last actual revenue12,769,000,000 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

2026-05-02 03:47 UTC#81e0ee1b

Market quoteclose JPY 1375.00 · shares 0.00B diluted

no public URL

2026-05-02 03:47 UTC#898769de

Source: analysis-pipeline (hybrid)Generated: 2026-05-02 03:48 UTCJob: daa5f837