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ASAHI Net, Inc.
(3834)
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Rating:71Outperform
Price Target:
¥686.00
▼(-2.97% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial fundamentals (notably a debt-free balance sheet and solid revenue growth), with valuation further helped by a moderate P/E and a high dividend yield. These positives are tempered by weaker technical momentum indicators and near-term concerns around 2026 margin compression and variable free cash flow.
Positive Factors
Debt-Free Balance Sheet
Zero debt across all reported years reduces interest-rate and refinancing risk, while growing equity supports a durable capital base. This gives ASAHI Net financial flexibility to sustain network investment and absorb industry changes.
Negative Factors
2026 Margin Compression
Operating profit and net income fell in 2026 despite higher revenue, indicating margin compression from increased costs or investment. If persistent, weaker profitability could limit earnings growth and reduce the benefit of expanding sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero debt across all reported years reduces interest-rate and refinancing risk, while growing equity supports a durable capital base. This gives ASAHI Net financial flexibility to sustain network investment and absorb industry changes.
Read all positive factors
ASAHI Net, Inc. (3834) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.42B
Dividend Yield4.01%
Average Volume (3M)31.41K
Price to Earnings (P/E)14.2
Beta (1Y)0.29
Revenue Growth2.67%
EPS Growth-25.50%
CountryJP
Employees220
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)43.74
Shares Outstanding32,000,000
10 Day Avg. Volume27,720
30 Day Avg. Volume31,413
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)1.29
Price to Sales (P/S)1.25
P/FCF Ratio16.42
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)59.1
Revenue Forecast (FY)¥13.86B
ASAHI Net, Inc. Business Overview & Revenue Model
Company Description
Operating as an internet service provider within Japan, Asahi Net, Inc. delivers a diverse range of connectivity and digital solutions. Its core offerings include high-speed fiber-optic internet connections, mobile SIM cards, and rental services f...
How the Company Makes Money
ASAHI Net primarily makes money by charging recurring fees for internet connectivity services. Its main revenue stream is monthly subscription revenue from broadband access (e.g., fiber/FTTH and other access lines) provided to end users and busine...
ASAHI Net, Inc. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
90
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.56B | 13.52B | 13.08B | 12.22B | 12.17B | 11.58B |
| Gross Profit | 3.93B | 4.11B | 4.42B | 3.78B | 3.53B | 3.57B |
| EBITDA | 2.98B | 3.09B | 3.47B | 2.75B | 2.75B | 2.63B |
| Net Income | 1.13B | 1.29B | 1.75B | 1.29B | 1.28B | 1.25B |
Balance Sheet | ||||||
| Total Assets | 14.86B | 14.52B | 14.88B | 14.36B | 13.72B | 12.96B |
| Cash, Cash Equivalents and Short-Term Investments | 2.93B | 2.97B | 5.16B | 5.51B | 5.65B | 5.99B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.94B | 1.41B | 1.79B | 1.85B | 1.76B | 1.68B |
| Stockholders Equity | 12.92B | 13.11B | 13.09B | 12.51B | 11.96B | 11.28B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.03B | 2.21B | 1.72B | 702.00M | 281.00M |
| Operating Cash Flow | 0.00 | 1.91B | 2.46B | 2.47B | 1.36B | 1.43B |
| Investing Cash Flow | 0.00 | -2.24B | -563.00M | -1.77B | -1.09B | -1.12B |
| Financing Cash Flow | 0.00 | -1.36B | -1.25B | -836.00M | -615.00M | -558.00M |
ASAHI Net, Inc. Technical Analysis
Negative
707.00
Price Trends
623.40
Negative
622.05
Positive
649.58
Negative
Market Momentum
-0.79
Positive
47.73
Neutral
55.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3834, the sentiment is Negative. The current price of 707 is above the 20-day moving average (MA) of 624.35, above the 50-day MA of 623.40, and above the 200-day MA of 649.58, indicating a bearish trend. The MACD of -0.79 indicates Positive momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 55.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3834.
ASAHI Net, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥51.29B | 11.12 | ― | 2.63% | 6.10% | 29.54% | |
71 Outperform | ¥17.42B | 14.24 | ― | 3.53% | 2.67% | -25.50% | |
70 Outperform | ¥597.37B | 23.31 | 16.08% | 1.12% | 13.85% | 21.44% | |
69 Neutral | ¥10.44T | 14.68 | 14.41% | 2.71% | 4.05% | 18.81% | |
66 Neutral | ¥11.44T | 20.73 | ― | 3.88% | 7.91% | 8.35% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | ¥19.62B | 28.92 | ― | ― | 21.77% | -25.14% |
* Communication Services Sector Average
JP:3834
ASAHI Net, Inc.
623.00
-53.90
-7.96%
JP:3774
Internet Initiative Japan
3,262.00
525.83
19.22%
JP:9433
KDDI
2,880.50
408.61
16.53%
JP:9416
Vision, Inc. ( Japan)
1,040.00
-156.79
-13.10%
JP:9424
Japan Communications Inc.
115.00
-41.00
-26.28%
JP:9434
SoftBank Corp.
237.50
17.98
8.19%
ASAHI Net, Inc. Corporate Events
Asahi Net Profit Slides Despite Modest Sales Growth, Keeps Dividend and Forecasts Intact
Aug 6, 2026
Asahi Net, Inc. reported that net sales for the three months ended June 30, 2026 edged up 1.3% year on year to ¥3.4 billion, but operating profit fell 43.6% to ¥284 million and net profit dropped 43.8% to ¥203 million, as profitabil...
Asahi Net Completes Treasury Share Disposal for Restricted Stock Compensation
Jul 21, 2026
Asahi Net, Inc. is a Japan-based telecommunications and internet services provider listed on the TSE Prime market under code 3834, operating in the digital infrastructure sector with a governance framework that includes directors, outside director...
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.