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Asukanet Company, Limited
(2438)
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Rating:68Neutral
Price Target:
¥402.00
▲(22.94% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by strong financial stability from an essentially debt-free balance sheet, which reduces risk. Offsetting this, operating performance and cash conversion have been volatile (including a 2025 loss and inconsistent free cash flow conversion). Technically, the stock is in an uptrend above major moving averages, but momentum signals are mixed (RSI elevated with a slightly negative MACD). Valuation is reasonable but not especially cheap, and the dividend yield is modest.
Positive Factors
Conservative balance sheet
Near-zero debt and sizable equity give the company durable financial flexibility. Over a 2–6 month horizon this lowers default and refinancing risk, supports discretionary investments or buybacks, and cushions operational shocks without forcing distress-driven asset sales.
Negative Factors
Margin compression
Eroding operating margins and slight revenue decline indicate sustained cost pressure or weakening pricing power. If structural, this reduces cash available for reinvestment and shareholder returns, and it may require either efficiency programs or strategic price repositioning to restore past profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero debt and sizable equity give the company durable financial flexibility. Over a 2–6 month horizon this lowers default and refinancing risk, supports discretionary investments or buybacks, and cushions operational shocks without forcing distress-driven asset sales.
Read all positive factors
Asukanet Company, Limited (2438) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.07B
Dividend Yield1.94%
Average Volume (3M)44.21K
Price to Earnings (P/E)18.7
Beta (1Y)0.80
Revenue Growth-2.21%
EPS GrowthN/A
CountryJP
Employees450
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)19.25
Shares Outstanding17,464,000
10 Day Avg. Volume38,370
30 Day Avg. Volume44,206
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.99
Price to Sales (P/S)0.75
P/FCF Ratio21.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asukanet Company, Limited Business Overview & Revenue Model
Company Description
Asukanet Co., Ltd. is a Japanese company specializing in three main areas: memorial design, personalized publishing, and advanced aerial imaging technology. Within its personalized publishing segment, the company produces and sells custom photo bo...
How the Company Makes Money
Asukanet primarily makes money by providing products and services used in funeral and memorial contexts, with revenue centered on the production and delivery of memorial photo portraits. In this model, Asukanet earns sales by receiving orders (oft...
Asukanet Company, Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.10B | 7.26B | 7.04B | 6.98B | 6.33B |
| Gross Profit | 3.20B | 3.00B | 3.20B | 3.11B | 2.85B |
| EBITDA | 761.21M | 156.14M | 764.39M | 986.53M | 842.41M |
| Net Income | 292.82M | -263.06M | 214.44M | 482.50M | 332.81M |
Balance Sheet | |||||
| Total Assets | 6.22B | 6.35B | 7.09B | 7.14B | 6.90B |
| Cash, Cash Equivalents and Short-Term Investments | 1.39B | 1.69B | 1.67B | 2.05B | 2.00B |
| Total Debt | 0.00 | 2.63M | 4.07M | 5.51M | 6.95M |
| Total Liabilities | 885.59M | 962.87M | 936.88M | 933.42M | 876.87M |
| Stockholders Equity | 5.34B | 5.39B | 6.16B | 6.20B | 6.02B |
Cash Flow | |||||
| Free Cash Flow | 243.63M | 661.34M | 286.04M | 513.77M | 457.05M |
| Operating Cash Flow | 647.70M | 863.03M | 615.74M | 695.45M | 827.13M |
| Investing Cash Flow | -534.93M | -324.63M | -702.73M | -331.55M | -91.26M |
| Financing Cash Flow | -411.44M | -516.54M | -301.05M | -315.64M | -157.76M |
Asukanet Company, Limited Technical Analysis
Positive
327.00
Price Trends
339.92
Positive
340.78
Positive
349.75
Positive
Market Momentum
4.69
Negative
60.37
Neutral
84.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2438, the sentiment is Positive. The current price of 327 is below the 20-day moving average (MA) of 344.40, below the 50-day MA of 339.92, and below the 200-day MA of 349.75, indicating a bullish trend. The MACD of 4.69 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 84.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2438.
Asukanet Company, Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥6.07B | 18.70 | ― | 2.01% | -2.21% | ― | |
65 Neutral | ¥12.57B | 6.38 | ― | ― | 41.94% | 43.09% | |
63 Neutral | ¥32.13B | 28.78 | ― | 2.52% | -7.58% | -37.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ¥1.59B | 310.29 | ― | 2.62% | -3.30% | -95.72% | |
45 Neutral | ¥1.96B | -8.60 | ― | ― | -6.56% | -522.16% | |
40 Underperform | ¥1.64B | -9.50 | ― | 1.01% | -3.95% | -510.14% |
* General Sector Average
JP:2438
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Asukanet Company, Limited Corporate Events
Asukanet Swings Back to Profit and Signals Earnings Growth for FY2027
Jun 9, 2026
Asukanet Co., Ltd. reported consolidated net sales of ¥7.1 billion for the fiscal year ended April 30, 2026, a slight decline of 2.2% from the previous year, but achieved a sharp recovery in profitability. Operating income more than doubled t...
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.