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Asukanet Company, Limited
(2438)
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Rating:63Neutral
Price Target:
¥363.00
▲(11.01% Upside)
Action:Reiterated
Date:10/03/26
The score is primarily supported by a very conservative, low-debt balance sheet and overall financial resilience, but is held back by choppy profitability and inconsistent free-cash-flow conversion. Technical indicators add caution due to soft momentum and price sitting below key moving averages, while valuation appears reasonable but not particularly cheap given recent earnings volatility.
Positive Factors
Conservative Balance Sheet
Essentially debt-free financing and a high equity-to-assets position provide meaningful resilience through weaker operating periods. This structure reduces interest burden, preserves borrowing capacity, and gives Asukanet flexibility to fund operations or pursue opportunities without depending heavily on external capital.
Negative Factors
Revenue Decline
The return from earlier growth to a revenue decline signals that demand expansion has not been consistent. Slower sales growth can limit operating leverage, reduce the resources available for investment, and make it harder for the company to rebuild profitability toward previous highs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Essentially debt-free financing and a high equity-to-assets position provide meaningful resilience through weaker operating periods. This structure reduces interest burden, preserves borrowing capacity, and gives Asukanet flexibility to fund operations or pursue opportunities without depending heavily on external capital.
Read all positive factors
Asukanet Company, Limited (2438) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.75B
Dividend Yield2.05%
Average Volume (3M)45.58K
Price to Earnings (P/E)20.6
Beta (1Y)0.85
Revenue Growth-0.25%
EPS GrowthN/A
CountryJP
Employees450
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)16.59
Shares Outstanding17,464,000
10 Day Avg. Volume20,860
30 Day Avg. Volume45,583
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 | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.18B | 7.10B | 7.26B | 7.04B | 6.98B | 6.33B |
| Gross Profit | 3.21B | 3.20B | 3.00B | 3.20B | 3.11B | 2.85B |
| EBITDA | 713.23M | 761.21M | 156.14M | 764.39M | 986.53M | 842.41M |
| Net Income | 253.16M | 292.82M | -263.06M | 214.44M | 482.50M | 332.81M |
Balance Sheet | ||||||
| Total Assets | 5.97B | 6.22B | 6.35B | 7.09B | 7.14B | 6.90B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 1.39B | 1.69B | 1.67B | 2.05B | 2.00B |
| Total Debt | 0.00 | 0.00 | 2.63M | 4.07M | 5.51M | 6.95M |
| Total Liabilities | 767.69M | 885.59M | 962.87M | 936.88M | 933.42M | 876.87M |
| Stockholders Equity | 5.20B | 5.34B | 5.39B | 6.16B | 6.20B | 6.02B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 243.63M | 661.34M | 286.04M | 513.77M | 457.05M |
| Operating Cash Flow | 0.00 | 647.70M | 863.03M | 615.74M | 695.45M | 827.13M |
| Investing Cash Flow | 0.00 | -534.93M | -324.63M | -702.73M | -331.55M | -91.26M |
| Financing Cash Flow | 0.00 | -411.44M | -516.54M | -301.05M | -315.64M | -157.76M |
Asukanet Company, Limited Technical Analysis
Negative
327.00
Price Trends
343.76
Negative
339.43
Positive
350.50
Negative
Market Momentum
-0.87
Positive
46.32
Neutral
54.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2438, the sentiment is Negative. The current price of 327 is below the 20-day moving average (MA) of 345.95, below the 50-day MA of 343.76, and below the 200-day MA of 350.50, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 46.32 is Neutral, neither overbought nor oversold. The STOCH value of 54.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥12.95B | 6.57 | ― | ― | 41.94% | 43.09% | |
63 Neutral | ¥5.75B | 20.55 | ― | 2.05% | -0.25% | ― | |
63 Neutral | ¥30.77B | 27.56 | ― | 2.76% | -7.58% | -37.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ¥1.59B | 309.19 | ― | 2.97% | -3.30% | -95.72% | |
44 Neutral | ¥2.00B | -8.76 | ― | 3.16% | -6.56% | -522.16% | |
40 Underperform | ¥1.62B | -9.43 | ― | 1.04% | -3.95% | -510.13% |
* General Sector Average
JP:2438
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Asukanet Company, Limited Corporate Events
Asukanet Posts Quarterly Loss but Affirms Full-Year Profit Growth Outlook
Sep 8, 2026
Asukanet reported consolidated net sales of ¥1,726 million for the three months ended July 31, 2026, a 4.8% increase year on year, but remained in the red with an operating loss of ¥65 million and a net loss attributable to shareholders ...
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.