Want to see JP:3020 full AI Analyst Report?
Top Page
Applied Co., Ltd.
(3020)
Select Model
Select Model
Rating:82Outperform
Price Target:
¥5,603.00
▲(26.62% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial quality (especially the very low-leverage balance sheet) and compelling valuation (low P/E with a ~3% dividend). Technicals are supportive with price above key moving averages, though momentum indicators are close to overbought, slightly limiting upside in the near term.
Positive Factors
Very Low Leverage and Strong Capitalization
Applied has substantial financial flexibility because leverage has fallen sharply while equity and assets have grown. This capitalization reduces balance-sheet strain, supports resilience through operating fluctuations, and preserves capacity to fund investments or return capital over the next several quarters.
Negative Factors
Volatile Historical Revenue Growth
The material revenue decline in 2023 shows that demand and top-line performance have not followed a consistently dependable trajectory. Although growth recovered through 2026, this history increases uncertainty around the durability of expansion and makes medium-term planning more dependent on continued recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage and Strong Capitalization
Applied has substantial financial flexibility because leverage has fallen sharply while equity and assets have grown. This capitalization reduces balance-sheet strain, supports resilience through operating fluctuations, and preserves capacity to fund investments or return capital over the next several quarters.
Read all positive factors
Applied Co., Ltd. (3020) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.39B
Dividend Yield2.4%
Average Volume (3M)1.90K
Price to Earnings (P/E)5.4
Beta (1Y)0.55
Revenue Growth4.53%
EPS Growth25.59%
CountryJP
Employees440
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)855.39
Shares Outstanding2,703,200
10 Day Avg. Volume1,100
30 Day Avg. Volume1,903
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.74
Price to Sales (P/S)0.21
P/FCF Ratio4.70
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
Applied Co., Ltd. Business Overview & Revenue Model
Company Description
Applied Co., Ltd., headquartered in Fukuoka City, Japan, since its establishment in 1977, operates primarily in the Japanese market. The company is engaged in the retail of personal computers, peripheral devices, and various digital products. It a...
Applied Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.30B | 48.01B | 47.29B | 42.82B | 38.61B | 43.96B |
| Gross Profit | 11.31B | 11.16B | 10.06B | 9.49B | 8.63B | 8.93B |
| EBITDA | 3.75B | 3.67B | 2.87B | 2.10B | 1.83B | 2.48B |
| Net Income | 2.31B | 2.27B | 1.77B | 1.21B | 1.10B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 21.79B | 21.98B | 20.19B | 18.08B | 16.94B | 16.10B |
| Cash, Cash Equivalents and Short-Term Investments | 6.54B | 7.48B | 5.97B | 3.77B | 3.25B | 2.51B |
| Total Debt | 7.00M | 4.00M | 399.00M | 654.00M | 1.07B | 1.61B |
| Total Liabilities | 7.66B | 8.07B | 8.23B | 7.66B | 7.53B | 7.56B |
| Stockholders Equity | 14.01B | 13.79B | 11.84B | 10.32B | 9.32B | 8.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.16B | 2.70B | 1.14B | 1.54B | 758.00M |
| Operating Cash Flow | 0.00 | 3.00B | 2.94B | 1.43B | 1.83B | 996.00M |
| Investing Cash Flow | 0.00 | -2.13B | -604.00M | -316.00M | -710.00M | -606.00M |
| Financing Cash Flow | 0.00 | -724.00M | -498.00M | -628.00M | -771.00M | -816.00M |
Applied Co., Ltd. Technical Analysis
Negative
4425.00
Price Trends
4613.46
Negative
4331.65
Positive
4184.75
Positive
Market Momentum
-11.82
Positive
43.75
Neutral
14.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3020, the sentiment is Negative. The current price of 4425 is below the 20-day moving average (MA) of 4773.00, below the 50-day MA of 4613.46, and above the 200-day MA of 4184.75, indicating a neutral trend. The MACD of -11.82 indicates Positive momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 14.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3020.
Applied Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥272.64B | 7.85 | 18.73% | 2.94% | 24.06% | 105.61% | |
82 Outperform | ¥12.39B | 5.36 | ― | 2.40% | 4.53% | 25.59% | |
78 Outperform | ¥15.61B | 9.54 | ― | 3.23% | 1.45% | 13.08% | |
69 Neutral | ¥71.29B | 17.58 | ― | 2.82% | 12.94% | 85.20% | |
64 Neutral | ¥46.41B | 41.15 | 2.09% | 1.56% | -0.53% | 121.05% | |
64 Neutral | ¥49.73B | 15.57 | ― | 3.31% | 2.80% | -33.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3020
Applied Co., Ltd.
4,585.00
797.02
21.04%
JP:8141
Shinko Shoji Co
1,571.00
576.31
57.94%
JP:8154
Kaga Electronics Co., Ltd.
5,450.00
2,041.63
59.90%
JP:7537
Marubun Corporation
1,903.00
772.52
68.34%
JP:8023
Daiko Denshi Tsushin,Ltd.
1,144.00
101.40
9.73%
JP:8137
Sun-Wa Technos Corporation
4,510.00
1,935.29
75.17%
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.