VerityRank
Wacoal Holdings Corp.
Brand & Manufacturer VerifiedJapan

Wacoal Holdings Corp.

Wacoal Holdings Corp. is Asia's benchmark in ergonomic lingerie and precision manufacturing, headquartered in Kyoto, Japan. Founded in 1949, the company leverages its exclusive “Human Science Research Center” — with decades of body measurement data from tens of thousands of women — to redefine fit and comfort in bras, shapewear, and compression wear. Its core business comprehensively covers women's lingerie, men's underwear, functional shapewear, CW-X high‑performance compression gear, maternity care, and post‑surgical intimate solutions across the entire life cycle. FY2025 global revenue remained robust, with products sold in over 30 countries, ~19,000 employees, nearly 30 self‑owned factories, and a listing on the Tokyo Stock Exchange (3591). Driven by Asia's deepest human body database and a vertically integrated supply chain, Wacoal is evolving from a legacy lingerie powerhouse into a scientific body‑management and sustainable fashion leader.

Strengths: Wacoal’s core strengths lie in its decades‑long investment in the “Human Science” anthropometric database and the precision pattern‑making systems derived from it, creating globally unique technical moats in bra size accuracy, shapewear pressure distribution, and CW-X sports support; its life‑stage product matrix (first bra, maternity, post‑mastectomy) builds irreplaceable user loyalty; vertical manufacturing and co‑development with fiber giants like Toray ensure uncompromised quality, while Salute’s handcrafted lace is celebrated as the pinnacle of lingerie artistry.

Weaknesses: Wacoal’s main weaknesses stem from its brand image long associated with “mature and steady,” responding slowly to Gen Z fast‑fashion aesthetics, with young lines like Peach John yet to fully reshape brand perception; its global expansion remains cautious, capturing only modest share in the premium Western market compared to local players; although CW-X enjoys cult status, its revenue contribution is still limited, and diversifications like Success Walk functional shoes remain niche.
Read More
JapanFounded 1949185K+ / 100
Listed onTSE3591
Last updated: November 2026·By VerityRank Research Team·Methodology

Listed market data

3591 · TSE · weeklyHistory →
Market cap
$1.1 B
Share price
JPY 3611.00
1Y change
-33.0%
Recent change
-0.1%

10-30 → 11-02

Since first close
-35.9%

from 2025-09

· updated 2026-11-02

Financial history

Full market history
JPY 0$0JPY 1250$375 MJPY 2500$750 MJPY 3750$1.13 BJPY 5000$1.5 B2025-122026-012026-022026-032026-042026-052026-062026-072026-082026-092026-102026-11
MonthCloseMarket capChange
  • 2026-11JPY 3611.00$1.1 B-0.1%
  • 2026-10JPY 3615.00$1.1 B-1.9%
  • 2026-09JPY 3685.00$1.1 B-13.4%
  • 2026-08JPY 4255.00$1.3 B-3.3%
  • 2026-07JPY 4402.00$1.4 B+0.0%
  • 2026-06JPY 4400.00$1.4 B-4.7%
  • 2026-05JPY 4618.00$1.4 B-0.0%
  • 2026-04JPY 4620.00$1.4 B+16.8%
  • 2026-03JPY 3957.00$1.2 B-12.9%
  • 2026-02JPY 4541.00$1.4 B+4.2%
  • 2026-01JPY 4357.00$1.4 B-1.4%
  • 2025-12JPY 4418.00$1.4 B—
Monthly closes · 2025-12 – 2026-11 · Full market history

Ownership & Control

Latest available filings
Controlling entity
Publicly held — no controlling shareholder disclosed
Company type
Brand & Manufacturer
Insiders
—
Institutions
—
Free float
—

Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.

In the press

All coverage →5 latest headlines1
Headlines aggregated from public feeds. Sentiment tags are keyword-based, not editorial judgement.

Wacoal Holdings Corp. is a Japanese precision manufacturing powerhouse founded in 1949 and listed on the Tokyo Stock Exchange (TSE: 3591). Widely regarded as Asia's leading expert in intimate apparel and body science, the company operates its renowned Human Science Research Center in Kyoto, which has accumulated decades of body measurement data to inform product development. With approximately 18,500 to 19,200 employees across more than 30 countries and regions, Wacoal has established itself as the definitive authority on ergonomic fit for Asian physiques.

Core Business

Wacoal's core business centers on the design, manufacture, and global distribution of premium intimate apparel, with its flagship Wacoal brand representing the pinnacle of precision engineering in bras and panties. The company's product portfolio spans across women's lingerie—including the luxury Salute line known for its artistry in lace craftsmanship—the high-performance CW-X sports compression wear collection built on skeletal support theory, shapewear designed using data from its Human Science Research Center for post-pregnancy recovery and body contouring, premium silk and cotton loungewear, and the BROS by Wacoal Men line featuring high-elasticity and ice-silk comfort series. Annual production capacity exceeds 45 million units of intimate apparel, with CW-X achieving over 3 million sets annually, demonstrating the scale of its vertically integrated manufacturing operations.

Global Presence

Wacoal maintains a robust global footprint with 25 to 30 self-owned manufacturing facilities strategically distributed across Japan, Vietnam, Thailand, and China (Dalian and Jiangmen). The company's domestic Japanese operations focus on high-end lines such as Salute and CW-X, while Southeast Asian facilities serve as the primary export production base, having completed full automation upgrades in 2025. The company operates through a diverse brand portfolio including Wacoal, Salute, Amphi, Peach John, Elomi, Eveden, Fantasie, and Freya, reaching consumers in over 30 countries and regions through more than 5,000 retail touchpoints spanning high-end department stores and branded flagship stores worldwide.

Key Strengths

Wacoal's primary competitive advantage lies in its unparalleled investment in body science research, operating the only dedicated Human Science Research Center in the intimate apparel industry with extensive body measurement databases. The company's vertically integrated manufacturing model ensures consistent quality control from fabric development—including deep partnerships with material giants like Toray—to final assembly, while its aggressive DTC transformation through 3D body scanning and AI-powered sizing recommendations addresses the persistent fit challenges in bra selection. With sustainability initiatives achieving 50% recycled fiber utilization in main product lines and strategic expansion into the growing silver economy segment with specialized elderly care intimate wear, Wacoal demonstrates continued innovation across environmental, technological, and demographic frontiers.

VerityRank Score

VerityRank Score of 85/100

Quick Facts

Headquarters

Kyoto, Kyoto Prefecture, Japan

Founded

1949

Employees

185K+

Market cap

$1.1 B

Presence

30+ Countries

Listing

Publicly Listed

Categories
Textile & ApparelHomewear ManufacturersMen's Bottoms IndustryMen's Clothing IndustryMen's Sportswear IndustryMen's Tops IndustryMen's Underwear IndustryPajama Set BrandsPajama Set ManufacturersUnderwear BrandsUnderwear ManufacturersWomen's Clothing IndustryWomen's Underwear IndustryIntimates & Hosiery CompaniesIntimates & Hosiery Manufacturers

15 categories · scroll for more

Related

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: TYO : 3591