In the present work, the constitutive description of a 0.1-mm-thick ferritic stainless steel sheet was optimized for application to springback simulations after bending. Springback simulations require Bauschinger effects to be characterized carefully, which is a challenging task with an ultrathin sheet. The coefficients of the homogeneous anisotropic hardening (HAH) distortional plasticity model were calibrated with Zang’s novel approach based on three-point bending conducted on pre-strained sheets (Zang et al., 2014). The Hockett–Sherby isotropic hardening law and the Yld2000-2d non-quadratic yield function were considered in this work to complete the HAH approach. Moreover, the degradation of elastic modulus was also accounted for in the finite-element simulations. The coefficients of the HAH model were calibrated using an inverse method by minimizing the difference between experimental and predicted specimen profiles after three-point bending and springback of pre-strained sheets. To validate the coefficients determined with this three-point bending test, U-draw bending tests were conducted and finite-element simulations were carried out. The springback predictions were found to agree well with the experimental results for all three pre-strains investigated, namely, 0% (as-received material) and 7.5% and 12.5% pre-strained ferritic stainless steel sheets.