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Asti Corporation (6899) AI Stock Analysis

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JP:6899

Asti Corporation

(TSE/TYO:6899)

Select Model
Rating:70Outperform
Price Target:JPY 2,262.00â–²(8.39% Upside)
Action:upgraded
Date:08/17/26

The score is driven by mixed financial performance with strong balance sheet and cash flows offsetting income volatility, neutral technical indicators showing long-term support but short-term weakness, and attractive valuation metrics.

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)

-10%-5%0%5%10%15%20%25%30%JP:6899+0.06%EWJ+13.61%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 6.59B
Dividend Yield
3.83%
Average Volume (3M)
6,926
Price to Earnings (P/E)
9.0
Beta (1Y)
0.83
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

Mixed financials with volatile revenue and profits on the income statement (score 45), offset by a strengthening balance sheet (score 75) and improving cash flows (score 80).

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

80Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue62.18B62.40B65.44B63.61B64.88B58.79B
Gross Profit6.42B6.09B5.96B6.76B6.14B4.15B
EBITDA3.09B3.20B3.52B4.51B3.65B1.97B
Net Income634.71M712.68M624.90M2.70B1.51B702.95M
Balance Sheet
Total Assets45.20B45.01B46.05B48.01B46.36B42.75B
Cash, Cash Equivalents and Short-Term Investments5.23B4.82B4.39B3.19B2.84B1.96B
Total Debt11.87B12.06B13.50B15.72B17.04B16.00B
Total Liabilities20.02B19.98B21.47B23.69B25.25B23.48B
Stockholders Equity25.13B24.99B24.54B24.29B21.09B19.26B
Cash Flow
Free Cash Flow01.70B3.91B1.47B174.59M-6.21B
Operating Cash Flow04.21B5.60B3.22B4.91B-4.75B
Investing Cash Flow0-2.53B-1.46B-1.96B-4.98B-1.36B
Financing Cash Flow0-2.05B-2.72B-1.63B890.99M5.70B

Asti Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price2087.00

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 2087.00 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
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6806JP:680670OutperformJPY 732.27B20.959.35%2.30%20.52%17.77%
JP:6899JP:689970OutperformJPY 6.43B9.02―3.83%-7.03%-19.99%
JP:6908JP:690866NeutralJPY 60.14B21.59―3.89%9.70%3.12%
JP:6981JP:698164NeutralJPY 10.06T33.0210.61%1.34%14.53%24.27%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6800JP:680051NeutralJPY 61.45B13.18―2.44%17.46%52.73%
JP:6807JP:680746NeutralJPY 160.28B29.173.74%2.38%10.23%-33.88%

* Technology Sector Average

Performance Comparison

0%100%200%JP:6899JP:6806JP:6807JP:6981JP:6800JP:6908Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:6899 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6899Asti Corporation2087.00-20.80-0.99%
JP:6806HIROSE ELECTRIC CO22650.004909.9727.68%
JP:6807Japan Aviation Electronics Industry 2312.008.690.38%
JP:6981Murata Manufacturing Co 5224.002157.5270.36%
JP:6800Yokowo Co., Ltd.2577.00514.0924.92%
JP:6908IRISO Electronics Co., Ltd.2611.00-432.13-14.20%
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