Asti Corporation (6899) AI Stock Analysis

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Asti Corporation

(TSE/TYO:6899)

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Rating:68Neutral

Price Target:JPY 2,241.00▲(6.06% Upside)

Action:reiterated

Date:08/17/26

The overall score of 68 reflects a neutral to slightly positive outlook. The company's financial performance is moderate, with a strong balance sheet offsetting weak profitability. Technical indicators are slightly bullish, supported by an oversold stochastic and price above long-term moving averages. Valuation appears attractive with a low P/E and high dividend yield. These factors combine to suggest the stock is fairly valued with some upside potential.

Positive Factors

Improving Balance SheetDeclining debt and steadily rising equity improve Asti’s financial resilience and reduce balance-sheet pressure. This creates greater flexibility to support customer programs, absorb weaker operating periods, and sustain investment without relying as heavily on additional borrowing.

Negative Factors

Revenue ContractionRecent revenue contraction indicates that customer order volumes or program activity have not been consistently expanding. For a manufacturing-services business, weaker sales can reduce factory utilization and operating leverage, making sustained growth and earnings recovery less dependable.

Asti Corporation (6899) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 6.59B
Dividend Yield: 3.79%
Average Volume (3M): 6,885
Price to Earnings (P/E): 9.1
Beta (1Y): 0.84
Revenue Growth: -7.03%
EPS Growth: -19.99%
Country: Japan
Employees: 4,282
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Asti Corporation Business Overview & Revenue Model

Company Description

Asti Corporation is a Japanese enterprise specializing in the manufacture and distribution of electrical components, primarily for the automotive sector. Its comprehensive product line for vehicles includes various Engine Control Units (ECUs), air co...

How the Company Makes Money

Asti Corporation makes money mainly by providing contract manufacturing (EMS) and related production services to corporate customers. Revenue is generated when customers place orders for the manufacture and assembly of electronic products or sub-asse...

Asti Corporation Financial Statement Overview

Summary

Income statement shows declining revenue and thin margins (score 45), but balance sheet is strong with low leverage (75) and cash flow remains positive (65). Overall moderate financial health.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	62.18B	62.40B	65.44B	63.61B	64.88B	58.79B
Gross Profit	6.42B	6.09B	5.96B	6.76B	6.14B	4.15B
EBITDA	3.09B	3.20B	3.52B	4.51B	3.65B	1.97B
Net Income	634.71M	712.68M	624.90M	2.70B	1.51B	702.95M
Balance Sheet
Total Assets	45.20B	45.01B	46.05B	48.01B	46.36B	42.75B
Cash, Cash Equivalents and Short-Term Investments	5.23B	4.82B	4.39B	3.19B	2.84B	1.96B
Total Debt	11.87B	12.06B	13.50B	15.72B	17.04B	16.00B
Total Liabilities	20.02B	19.98B	21.47B	23.69B	25.25B	23.48B
Stockholders Equity	25.13B	24.99B	24.54B	24.29B	21.09B	19.26B
Cash Flow
Free Cash Flow	0	1.70B	3.91B	1.47B	174.59M	-6.21B
Operating Cash Flow	0	4.21B	5.60B	3.22B	4.91B	-4.75B
Investing Cash Flow	0	-2.53B	-1.46B	-1.96B	-4.98B	-1.36B
Financing Cash Flow	0	-2.05B	-2.72B	-1.63B	890.99M	5.70B

Asti Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price2113.00

Price Trends

50DMA2211.48Negative

100DMA2274.88Negative

200DMA2332.69Negative

Market Momentum

MACD-40.79Positive

RSI44.03Neutral

STOCH59.62Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6899, the sentiment is Negative. The current price of 2113.00 is below the 20-day moving average (MA) of 2130.80, below the 50-day MA of 2211.48, and below the 200-day MA of 2332.69, indicating a bearish trend. The MACD of -40.79 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 59.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6899.

Asti Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:6899 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6806	70Outperform	JPY 718.01B	20.75	9.35%	2.32%	20.52%	17.77%
JP:6899	68Neutral	JPY 6.52B	9.13	―	3.79%	-7.03%	-19.99%
JP:6908	66Neutral	JPY 61.10B	22.18	―	3.83%	9.70%	3.12%
JP:6981	64Neutral	JPY 9.63T	32.72	10.61%	1.35%	14.53%	24.27%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JP:6800	51Neutral	JPY 60.07B	13.09	―	2.46%	17.46%	52.73%
JP:6807	46Neutral	JPY 159.46B	29.32	3.74%	2.37%	10.23%	-33.88%

* Technology Sector Average

Performance Comparison

JP:6899 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6899	Asti Corporation	2113.00	27.18	1.30%
JP:6806	HIROSE ELECTRIC CO	22440.00	5115.37	29.53%
JP:6807	Japan Aviation Electronics Industry	2324.00	-13.53	-0.58%
JP:6981	Murata Manufacturing Co	5177.00	2105.59	68.55%
JP:6800	Yokowo Co., Ltd.	2560.00	502.00	24.39%
JP:6908	IRISO Electronics Co., Ltd.	2682.00	-418.55	-13.50%

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: Aug 17, 2026

Asti Corporation AI Stock Analysis