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As Partners CO.,LTD. (160A) AI Stock Analysis

JP:160A

As Partners CO.,LTD.

(TSE/TYO:160A)

Select Model
Rating:62Neutral
Price Target:JPY 2,142.00â–²(14.67% Upside)
Action:reiterated
Date:08/19/26

The company's robust revenue growth and strong operating cash flow generation are the primary strengths, supporting a solid financial foundation. However, the high debt load and inconsistent free cash flow introduce financial risk. The stock's technical position is weak, trading below key long-term moving averages, which tempers the positive fundamental and valuation signals. The attractive dividend yield and reasonable P/E ratio provide some support, resulting in a moderately positive overall score.

Positive Factors
Revenue and earnings expansionSustained multi-year revenue growth alongside sharply higher net income indicates stronger operating scale and earnings power. If the company maintains this trajectory, expanding profitability can support reinvestment, service capacity and resilience over the next several months.
Negative Factors
Persistently high leverageHeavy reliance on debt leaves the company more exposed to refinancing costs, interest burdens and operating setbacks. High leverage can also restrict strategic flexibility, making future expansion more dependent on sustained earnings and cash generation.

As Partners CO.,LTD. (160A) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%JP:160A-30.62%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 6.76B
Dividend Yield
3.72%
Average Volume (3M)
9,890
Price to Earnings (P/E)
15.8
Beta (1Y)
0.75
Revenue Growth
-1.37%
EPS Growth
-78.55%
Country
Japan
Employees
985
Sector
General
Sector Strength
55
Industry
Medical - Care Facilities

As Partners CO.,LTD. Business Overview & Revenue Model

Company Description

AS Partners Co. Ltd. focuses on delivering comprehensive senior care solutions. The company's services include operating long-term residential nursing facilities, providing assistance with daily living activities, offering temporary respite care, and...

As Partners CO.,LTD. Financial Statement Overview

Summary

Strong revenue growth and surging operating cash flow are offset by declining gross margins, high leverage, and volatile free cash flow. The overall financial health is improving but carries notable risks.

Income Statement

78Positive

Balance Sheet

65Positive

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2022
Income Statement
Total Revenue20.94B17.92B23.66B17.15B12.78B11.52B
Gross Profit4.03B3.86B4.25B3.11B2.15B1.87B
EBITDA2.43B1.64B1.95B1.08B552.06M1.02B
Net Income1.14B956.66M1.18B563.57M229.71M484.94M
Balance Sheet
Total Assets21.15B21.41B24.36B15.95B14.75B11.82B
Cash, Cash Equivalents and Short-Term Investments6.99B6.86B4.07B5.71B4.02B3.86B
Total Debt7.48B9.31B10.13B5.66B6.49B5.13B
Total Liabilities16.08B17.24B19.19B13.57B12.88B10.13B
Stockholders Equity5.07B4.16B5.17B2.38B1.86B1.68B
Cash Flow
Free Cash Flow1.14B-3.29B268.12M2.19B-1.86B-1.06B
Operating Cash Flow2.07B1.31B4.83B3.43B-745.18M-338.97M
Investing Cash Flow-977.85M-4.65B-5.40B-1.43B-707.64M928.45M
Financing Cash Flow-1.01B4.46B599.19M-884.25M1.31B-369.06M

As Partners CO.,LTD. Technical Analysis

Technical Analysis SentimentNegative
Last Price1868.00

Price Trends

50DMA1955.36Negative
100DMA1982.19Negative
200DMA2102.63Negative

Market Momentum

MACD-25.55Positive
RSI37.96Neutral
STOCH25.51Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:160A, the sentiment is Negative. The current price of 1868.00 is below the 20-day moving average (MA) of 1919.75, below the 50-day MA of 1955.36, and below the 200-day MA of 2102.63, indicating a bearish trend. The MACD of -25.55 indicates Positive momentum. The RSI at 37.96 is Neutral, neither overbought nor oversold. The STOCH value of 25.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:160A.

As Partners CO.,LTD. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:160A against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6062JP:606270OutperformJPY 44.61B11.04―3.14%5.16%37.79%
JP:160AJP:160A62NeutralJPY 6.77B15.79―3.72%-1.37%-78.55%
JP:2425JP:242556NeutralJPY 2.50B29.59―3.34%-5.72%-73.78%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:2373JP:237352NeutralJPY 5.26B18.40―4.35%4.76%-52.55%
JP:7061JP:706146NeutralJPY 3.90B11.78―5.43%14.91%-39.00%

* General Sector Average

Performance Comparison

-50%-25%0%25%JP:160AJP:2373JP:2425JP:6062JP:7061Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:160A and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:160AAs Partners CO.,LTD.1884.00-851.68-31.13%
JP:2373Care Twentyone Corporation391.00-51.66-11.67%
JP:2425Care Service Co., Ltd.658.00-120.64-15.49%
JP:6062Charm Care Corporation1368.00314.2429.82%
JP:7061Japan Hospice Holdings Inc.460.00-863.95-65.26%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 19, 2026