Envalith Begins Research Coverage of Matsuoka Corporation, Aiming for 90 Billion Yen in Sales by FY2029 with New Mid-Term Plan "BEYOND2028" and Own Sewing Factories in 5 Asian Countries
Envalith Inc. has announced the initiation of research coverage for Matsuoka Corporation through its next-generation stock research platform "ENVALITH." This initiative aims to communicate the appeal of Matsuoka Corporation's apparel OEM and functional film businesses to domestic and international investors, thereby contributing to the revitalization of Japan's capital market.
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- 📰 Published: May 13, 2026 at 04:11
- 🔍 Collected: May 12, 2026 at 19:32
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Envalith Inc. (Headquarters: Shibuya-ku, Tokyo; Representative Director and President: Koichi Kawai; hereinafter "the Company"), which operates a next-generation stock research platform, is pleased to announce the initiation of research coverage for Matsuoka Corporation (Headquarters: Fukuyama City, Hiroshima Prefecture; Representative Director: Noriyuki Matsuoka; Securities Code: 3611; hereinafter "Matsuoka Corporation"). To mark the start of coverage, we have today distributed a full-year earnings preview report for the fiscal year ending March 2026.
Click here for the earnings preview
Next-generation stock research "ENVALITH"
ENVALITH is a next-generation stock research platform that delivers the corporate value of listed companies to institutional and individual investors, both domestic and international, in three languages: Japanese, English, and Chinese.
Flash reports immediately after earnings announcements: We conduct multifaceted analysis immediately after earnings announcements and investor briefings, and disseminate objective and neutral research and analysis from our independent perspective to the world in Japanese, English, and Chinese.
Global and direct distribution network: Globally, we cover terminals for global financial institutions such as Bloomberg, FactSet, Factiva, and AlphaSense. Domestically, we cover Kabutan, IFIS, QUICK, and even SNS, providing multifaceted distribution.
https://www.envalith.com
Comment from Koichi Kawai, Representative Director and President, Head of Global Investment Research Division
We are very pleased to begin research coverage of Matsuoka Corporation. The company operates its own sewing factories in five Asian countries—China, Vietnam, Bangladesh, Myanmar, and Indonesia—and is a company with two main pillars: OEM of apparel products for leading domestic and international brands, and the development and manufacturing of functional films.
In the cumulative third quarter of the fiscal year ending March 2026, the sewing business achieved significant growth, with sales volume increasing by 21.4% year-on-year to 44.88 million units, and operating profit after foreign exchange adjustments increasing by 57.7% year-on-year. This profit expansion was driven by increased orders for innerwear due to the expansion of the Bangladesh factory, as well as increased production capacity and improved employee productivity at the same factory. On the other hand, the lamination film business faces the challenge of determining the timing of recovery due to the completion of a demand cycle. In November 2025, the company announced its new mid-term management plan "BEYOND2028 ~Stitch the Future~," setting targets of 90 billion yen in sales and a dividend payout ratio of 35% for the fiscal year ending March 2029. In this fiscal year's earnings, we will conduct a multifaceted analysis from an analyst's perspective on the progress of productivity improvements in the sewing business and the transition to the first year of the new mid-term plan.
Envalith will contribute to the revitalization of Japan's capital market by delivering the appeal of companies like Matsuoka Corporation, which has established a unique position with its two pillars of apparel OEM and functional films, to global investors in Japanese, English, and Chinese.
Contact for inquiries regarding this matter
Company Name
Envalith Inc.
Location
Cross C Shibuya Shinsen Building, 2-20 Shinsen, Shibuya-ku, Tokyo
Established
November 2025
Representative
Koichi Kawai, Representative Director and President, Head of Global Investment Research Division
Business Activities
Provision of next-generation stock research, IR support for companies
URL
https://www.envalith.com
X
https://x.com/envalith
E-mail
contact@envalith.com
Click here for the earnings preview
Next-generation stock research "ENVALITH"
ENVALITH is a next-generation stock research platform that delivers the corporate value of listed companies to institutional and individual investors, both domestic and international, in three languages: Japanese, English, and Chinese.
Flash reports immediately after earnings announcements: We conduct multifaceted analysis immediately after earnings announcements and investor briefings, and disseminate objective and neutral research and analysis from our independent perspective to the world in Japanese, English, and Chinese.
Global and direct distribution network: Globally, we cover terminals for global financial institutions such as Bloomberg, FactSet, Factiva, and AlphaSense. Domestically, we cover Kabutan, IFIS, QUICK, and even SNS, providing multifaceted distribution.
https://www.envalith.com
Comment from Koichi Kawai, Representative Director and President, Head of Global Investment Research Division
We are very pleased to begin research coverage of Matsuoka Corporation. The company operates its own sewing factories in five Asian countries—China, Vietnam, Bangladesh, Myanmar, and Indonesia—and is a company with two main pillars: OEM of apparel products for leading domestic and international brands, and the development and manufacturing of functional films.
In the cumulative third quarter of the fiscal year ending March 2026, the sewing business achieved significant growth, with sales volume increasing by 21.4% year-on-year to 44.88 million units, and operating profit after foreign exchange adjustments increasing by 57.7% year-on-year. This profit expansion was driven by increased orders for innerwear due to the expansion of the Bangladesh factory, as well as increased production capacity and improved employee productivity at the same factory. On the other hand, the lamination film business faces the challenge of determining the timing of recovery due to the completion of a demand cycle. In November 2025, the company announced its new mid-term management plan "BEYOND2028 ~Stitch the Future~," setting targets of 90 billion yen in sales and a dividend payout ratio of 35% for the fiscal year ending March 2029. In this fiscal year's earnings, we will conduct a multifaceted analysis from an analyst's perspective on the progress of productivity improvements in the sewing business and the transition to the first year of the new mid-term plan.
Envalith will contribute to the revitalization of Japan's capital market by delivering the appeal of companies like Matsuoka Corporation, which has established a unique position with its two pillars of apparel OEM and functional films, to global investors in Japanese, English, and Chinese.
Contact for inquiries regarding this matter
Company Name
Envalith Inc.
Location
Cross C Shibuya Shinsen Building, 2-20 Shinsen, Shibuya-ku, Tokyo
Established
November 2025
Representative
Koichi Kawai, Representative Director and President, Head of Global Investment Research Division
Business Activities
Provision of next-generation stock research, IR support for companies
URL
https://www.envalith.com
X
https://x.com/envalith
contact@envalith.com