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Applied Co., Ltd.
(3020)
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Rating:82Outperform
Price Target:
¥5,748.00
▲(29.90% 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
The sharply reduced debt burden gives Applied substantial financial flexibility and lowers exposure to interest costs or refinancing pressure. Growing equity and assets further strengthen capitalization, supporting resilience and the ability to fund operations or selective growth internally.
Negative Factors
Volatile Revenue History
The sharp revenue decline in 2023 shows that Applied’s growth profile has not been consistently linear. Although sales recovered afterward, periodic contraction makes future earnings less predictable and raises the importance of sustaining demand across both corporate and consumer channels.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The sharply reduced debt burden gives Applied substantial financial flexibility and lowers exposure to interest costs or refinancing pressure. Growing equity and assets further strengthen capitalization, supporting resilience and the ability to fund operations or selective growth internally.
Read all positive factors
Applied Co., Ltd. (3020) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.33B
Dividend Yield2.22%
Average Volume (3M)2.31K
Price to Earnings (P/E)5.8
Beta (1Y)0.53
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. Volume1,730
30 Day Avg. Volume2,306
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
Positive
4425.00
Price Trends
4401.93
Positive
4210.98
Positive
4152.96
Positive
Market Momentum
164.30
Negative
71.78
Negative
60.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3020, the sentiment is Positive. The current price of 4425 is below the 20-day moving average (MA) of 4685.50, above the 50-day MA of 4401.93, and above the 200-day MA of 4152.96, indicating a bullish trend. The MACD of 164.30 indicates Negative momentum. The RSI at 71.78 is Negative, neither overbought nor oversold. The STOCH value of 60.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ¥272.14B | 7.74 | 18.73% | 3.00% | 24.06% | 105.61% | |
82 Outperform | ¥13.33B | 5.79 | ― | 2.22% | 4.53% | 25.59% | |
80 Outperform | ¥13.93B | 8.45 | ― | 3.65% | 1.45% | 13.08% | |
69 Neutral | ¥76.19B | 18.64 | ― | 2.68% | 12.94% | 85.20% | |
64 Neutral | ¥46.35B | 41.04 | 2.09% | 1.56% | -0.53% | 121.05% | |
64 Neutral | ¥50.13B | 15.51 | ― | 3.35% | 2.80% | -33.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3020
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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.