Aisan Technology Co., Ltd. (4667) AI Stock Analysis

Aisan Technology Co., Ltd.

(TSE/TYO:4667)

Select Model

Rating:64Neutral

Price Target:JPY 984.00▲(6.96% Upside)

Action:downgraded

Date:09/30/26

The score is primarily supported by strong financial performance (accelerating revenue growth and improving margins) and a generally healthy balance sheet, but tempered by cash-flow volatility and a meaningful FY2026 debt increase. Technically, the longer-term trend remains positive despite near-term softness. Valuation is the main constraint due to the elevated P/E, partly offset by the solid dividend yield.

Positive Factors

Accelerating revenue growthThe sustained increase in annual sales, including accelerated FY2026 growth, indicates expanding business activity and stronger customer demand. Continued top-line momentum can support operating leverage, fund investment, and reinforce the company’s position across recurring automotive component programs.

Negative Factors

Gross margin pressureThe decline in gross margin suggests that the company is retaining less revenue after direct costs than in earlier periods. Persistent pricing pressure or cost headwinds could limit operating leverage, reduce the benefit of revenue growth, and constrain future profit expansion.

Aisan Technology Co., Ltd. (4667) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 14.57B
Dividend Yield: 1.34%
Average Volume (3M): 1.20M
Price to Earnings (P/E): 30.6
Beta (1Y): 0.85
Revenue Growth: 24.48%
EPS Growth: 71.97%
Country: Japan
Employees: 197
Sector: General
Sector Strength: 55
Industry: Software - Application

Aisan Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Aisan Technology Co.,Ltd. is a Japanese firm dedicated to the creation, advancement, deployment, and ongoing support of CAD (Computer-Aided Design) systems. These specialized systems serve a variety of industries, including public and registration su...

How the Company Makes Money

Aisan Technology makes money primarily by manufacturing and selling automotive components to vehicle manufacturers (OEMs) and, where applicable, to other parts suppliers. Revenue is generated through (1) series-production supply contracts tied to aut...

Aisan Technology Co., Ltd. Financial Statement Overview

Summary

Strong and accelerating revenue growth through FY2026 and improving profitability (higher EBIT/EBITDA and net margin). Offsets include softer gross margin versus earlier years, a notable FY2026 debt increase (though leverage remains manageable), and historically volatile cash flow with a weak FY2024 despite improved recent FCF.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

61Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.72B	6.22B	7.59B	5.48B	4.46B	4.19B
Gross Profit	3.05B	2.33B	2.94B	2.06B	1.77B	1.72B
EBITDA	1.10B	702.13M	1.01B	688.92M	539.18M	483.34M
Net Income	475.58M	286.21M	522.02M	340.35M	240.74M	203.33M
Balance Sheet
Total Assets	8.48B	8.74B	10.56B	8.61B	8.02B	7.73B
Cash, Cash Equivalents and Short-Term Investments	5.02B	4.18B	5.82B	3.84B	4.34B	4.28B
Total Debt	523.63M	291.88M	1.49B	190.86M	59.20M	176.17M
Total Liabilities	2.05B	2.40B	3.88B	2.30B	1.97B	1.98B
Stockholders Equity	6.28B	6.22B	6.51B	6.20B	5.93B	5.75B
Cash Flow
Free Cash Flow	0	883.56M	792.08M	-542.51M	178.63M	441.95M
Operating Cash Flow	0	933.79M	865.34M	-240.22M	391.70M	586.09M
Investing Cash Flow	0	-174.17M	34.19M	-125.47M	-209.42M	-201.81M
Financing Cash Flow	0	-427.62M	746.82M	-47.77M	-122.28M	-320.48M

Aisan Technology Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price920.00

Price Trends

50DMA982.51Negative

100DMA814.46Positive

200DMA715.73Positive

Market Momentum

MACD-18.84Positive

RSI43.75Neutral

STOCH50.98Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4667, the sentiment is Negative. The current price of 920.00 is below the 20-day moving average (MA) of 987.30, below the 50-day MA of 982.51, and above the 200-day MA of 715.73, indicating a neutral trend. The MACD of -18.84 indicates Positive momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 50.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4667.

Aisan Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:4667 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3915	77Outperform	JPY 28.19B	13.77	―	0.73%	19.19%	93.45%
JP:4475	75Outperform	JPY 70.26B	39.58	―	0.53%	19.17%	46.29%
JP:4488	68Neutral	JPY 7.58B	19.45	―	―	6.94%	―
JP:3850	66Neutral	JPY 15.50B	14.58	―	2.06%	23.85%	56.39%
JP:4667	64Neutral	JPY 15.22B	30.61	―	1.34%	24.48%	71.97%
JP:4434	62Neutral	JPY 22.31B	18.98	―	1.43%	23.79%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:4667 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:4667	Aisan Technology Co., Ltd.	920.00	436.65	90.34%
JP:3850	NTT Data Intramart Corporation	3200.00	-398.96	-11.09%
JP:3915	TerraSky Co., Ltd.	2183.00	119.28	5.78%
JP:4434	Serverworks Co., Ltd.	2801.00	988.16	54.51%
JP:4475	HENNGE K.K.	2091.00	631.14	43.23%
JP:4488	AI inside, Inc.	1949.00	-1002.00	-33.95%

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.

Date of analysis: Sep 30, 2026

Aisan Technology Co., Ltd. AI Stock Analysis