Adastria Co., Ltd.

2685 株式会社アダストリア

Apparel Manufacturing · Prime · TSE: Disclosed

PRICE: ¥3,440 · MKT CAP: ¥161.0B · P/E: 16.7x · P/B: 1.95x · DIV YIELD: 2.6%

PRICE — 5Y

Characteristics & Business Summary

and ST HD Co.,Ltd. plans, produces, and retails clothes and sundry goods in Japan and internationally. The company offers women's, men's, and kid's clothing products; and household products under various brands. It also operates restaurants and stores; and...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	183,870	201,582	242,552	275,596	293,110	304,351
Operating Profit	766	6,564	11,515	18,015	15,510	16,524
Ordinary Profit	2,981	8,166	12,026	18,389	15,964	16,827
Net Profit	-693	4,917	7,540	13,513	9,614	9,498
EPS	¥-15	¥108	¥165	¥296	¥205	¥203
DPS	¥40	¥55	¥60	¥85	¥90	¥90

Balance Sheet & Valuation Highlights

Total Assets ¥140B

Net Assets (Equity) ¥82B

Equity Ratio 58.3%

ROE (Return on Equity) 11.9%

Cash & Equivalents ¥25B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥9B

Depreciation & Amort. ¥13B

Major Shareholders

1. 株式会社フクゾウ 36.6%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 6.7%
3. 豊島株式会社 4.3%
4. Custody Bank of Japan, Ltd. (Trust Account) 2.1%
5. 福田三千男 2.0%
6. アンドエスティHD従業員持株会 1.3%
7. State Street Bank and Trust Company 1.1%
8. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 1.1%
9. State Street Bank and Trust Company 1.1%
10. State Street Bank and Trust Company 1.0%

Activist Activity

Wellington Management Company LLP 7.04%

2026-02-18 · change

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 4.97%

2026-02-05 · change

Wellington Management Company LLP 5.86%

2026-01-06 · initial_5pct

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 5.8%

2025-09-19 · change

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 5.89%

2025-04-04 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥4,027	¥4,416	¥5,313	¥6,037	¥6,264	¥6,505
FCF/Share	¥178	¥-6	¥142	¥363	¥296	¥238
EPS	¥-15	¥108	¥165	¥296	¥205	¥203
DPS	¥40	¥55	¥60	¥85	¥90	¥90
Capital Spending per share	¥83	¥83	¥153	¥124	¥161	¥201
Book Value per share	¥1,105	¥1,169	¥1,283	¥1,504	¥1,609	¥1,702
Common Shares Outstanding	46M	46M	46M	46M	47M	47M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥184B	¥202B	¥243B	¥276B	¥293B	¥304B
Operating Margin (%)	0.4%	3.3%	4.7%	6.5%	5.3%	5.4%
Net Profit (owners)	¥-1B	¥5B	¥8B	¥14B	¥10B	¥9B
Net Profit Margin (%)	-0.4%	2.4%	3.1%	4.9%	3.3%	3.1%
Working Capital	¥7B	¥5B	¥5B	¥12B	¥11B	¥20B
Total Debt (Interest-bearing)	¥0B	¥1B	¥1B	¥1B	¥0B	¥0B
Net Worth (Common Equity)	¥50B	¥53B	¥59B	¥69B	¥75B	¥80B
Return on Total Assets (ROA)	-0.7%	5.0%	6.8%	10.6%	7.2%	6.8%
Return on Common Equity (ROE)	-1.4%	9.2%	12.9%	19.7%	12.8%	11.9%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.