Baroque Japan Ltd. logo

Baroque Japan Ltd.

3548.T

JPXConsumer CyclicalApparel - Retail

Latest quote

¥732

+¥2.00 · +0.27%

Aug 24, 2:36 PM JST

3548.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Baroque Japan Limited, together with its subsidiaries, engages in the retail and wholesale of apparel and accessories in Japan, China, Hong Kong, South Korea, and the United States. It designs and sells clothing apparel for women, men, and kids, as well as fashion and home accessories under various brands, including MOUSSY, SLY, SHEL'TTER, rienda, AZUL BY MOUSY, RODEO CROWNS WIDE BOWL, ENFÖLD, STACCATO, RIM.ARK, någonstans, R4G, STYLEMIXER, LAGUA GEM, HeRIN.CYE, SHEL'TTER GREEN, TUIN greenery, MOUSSY VINTAGE, and OUTLET. The company is also involved in quality, brand, and trademark management businesses. It sells its products through retail and web stores. The company was formerly known as Baroque Holdings Co., Ltd. and changed its name to Baroque Japan Limited in February 2008. Baroque Japan Limited was founded in 2000 and is headquartered in Meguro, Japan.

Industry
Apparel - Retail
Sector
Consumer Cyclical
Headquarters
JP
CEO
Hiroyuki Murai
Listed since
Oct 31, 2016
Employees
1,266

Market position

Day range

Current ¥732

52-week range

Current ¥732

Open
¥731
Previous close
¥730
Volume
62K
1.1× average
Average volume
56.43K
Average daily volume
Market cap
26.41B JPY
Beta
0.19
Market reference 1
50-day average
¥734.4
-0.33% below average
200-day average
¥752.32
-2.70% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
24.4B JPY
P/E (TTM)
-554.55×
P/B (TTM)
1.97×
P/S (TTM)
0.52×
EV / EBITDA
17.7×
Earnings yield
1.32%
Free cash flow yield
0.82%
Dividend yield
5.19%

Profitability & efficiency

Gross margin
59.57%
Operating margin
-0.21%
Net margin
-0.09%
Return on equity
2.49%
Return on assets
1.12%
Return on invested capital
1.23%

Financial health

Debt / equity
0.6×
Current ratio
1.72×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%41%15%-11%Gross margin, FY2021: 55.43%Gross margin, FY2022: 56.78%Gross margin, FY2023: 56.83%Gross margin, FY2024: 56.89%Gross margin, FY2025: 60.05%Operating margin, FY2021: 4.65%Operating margin, FY2022: 3.65%Operating margin, FY2023: 3.24%Operating margin, FY2024: 1.40%Operating margin, FY2025: 0.62%Net margin, FY2021: 2.49%Net margin, FY2022: 0.41%Net margin, FY2023: 1.57%Net margin, FY2024: -4.42%Net margin, FY2025: 0.71%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 55.43%. Gross margin FY2022 56.78%. Gross margin FY2023 56.83%. Gross margin FY2024 56.89%. Gross margin FY2025 60.05%. Operating margin FY2021 4.65%. Operating margin FY2022 3.65%. Operating margin FY2023 3.24%. Operating margin FY2024 1.40%. Operating margin FY2025 0.62%. Net margin FY2021 2.49%. Net margin FY2022 0.41%. Net margin FY2023 1.57%. Net margin FY2024 -4.42%. Net margin FY2025 0.71%.

Income trends

Revenue

51.5B JPY-11.48%

Operating income

321M JPY-60.52%

Net income

366M JPY+2.94B JPY
Income trends across reported periods66.58B JPY41.43B JPY16.29B JPY−8.86B JPYRevenue, FY2021: 59.14B JPYRevenue, FY2022: 58.84B JPYRevenue, FY2023: 60.29B JPYRevenue, FY2024: 58.18B JPYRevenue, FY2025: 51.5B JPYOperating income, FY2021: 2.75B JPYOperating income, FY2022: 2.15B JPYOperating income, FY2023: 1.95B JPYOperating income, FY2024: 813M JPYOperating income, FY2025: 321M JPYNet income, FY2021: 1.47B JPYNet income, FY2022: 243M JPYNet income, FY2023: 945M JPYNet income, FY2024: −2.57B JPYNet income, FY2025: 366M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 59.14B JPY. Revenue FY2022 58.84B JPY. Revenue FY2023 60.29B JPY. Revenue FY2024 58.18B JPY. Revenue FY2025 51.5B JPY. Operating income FY2021 2.75B JPY. Operating income FY2022 2.15B JPY. Operating income FY2023 1.95B JPY. Operating income FY2024 813M JPY. Operating income FY2025 321M JPY. Net income FY2021 1.47B JPY. Net income FY2022 243M JPY. Net income FY2023 945M JPY. Net income FY2024 −2.57B JPY. Net income FY2025 366M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue51.5B JPY58.18B JPY60.29B JPY58.84B JPY59.14B JPY
Cost of goods sold20.57B JPY25.08B JPY26.03B JPY25.43B JPY26.36B JPY
Gross profit30.93B JPY33.1B JPY34.26B JPY33.41B JPY32.78B JPY
Selling, general, and administrative30.61B JPY32.29B JPY32.31B JPY31.26B JPY30.03B JPY
Operating expenses30.61B JPY32.29B JPY32.31B JPY31.26B JPY30.03B JPY
Interest income111M JPY45M JPY12M JPY8M JPY7M JPY
Interest expense82M JPY50M JPY29M JPY30M JPY31M JPY
Depreciation and amortization905M JPY937M JPY862M JPY724M JPY811M JPY
Operating income321M JPY813M JPY1.95B JPY2.15B JPY2.75B JPY
Net income366M JPY−2.57B JPY945M JPY243M JPY1.47B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1.97

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates19.47-8.51-36.5-64.48Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 15, 2024: actual -10.93, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 13, 2025: actual -2.06, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual -58.69, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 13.43, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual -13.12, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 13.68, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual -3.81, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 15, 2026: actual 1.97, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates16.13B14.61B13.08B11.55BQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ3 '25No estimateQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 13, 2025: actual 14.95B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual 15.51B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 12.63B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 12.18B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 13.2B JPY, estimate 14.5B JPY, surprise -8.94%, Miss. Q2 2026, reported Apr 14, 2026: actual 13.5B JPY, estimate 13.8B JPY, surprise -2.18%, Miss. Q3 2026, reported Jul 15, 2026: actual 12.17B JPY, estimate 12.8B JPY, surprise -4.93%, Miss. Q4 2026, reported Oct 15, 2026: actual —, estimate 12.2B JPY, surprise —, Comparison unavailable.

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