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AS ONE (7476) AI Stock Analysis
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AS ONE
(TSE/TYO:7476)
The score is primarily driven by strong financial performance (steady growth, resilient margins, and a low-leverage balance sheet), partially offset by inconsistent cash flow conversion. Technicals are mixed with near-term softness despite longer-term support, while valuation is reasonable and aided by a ~2.73% dividend yield.
AS ONE (7476) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 998.50M
- Dividend Yield
- 2.60%
- Average Volume (3M)
- 140.90K
- Price to Earnings (P/E)
- 18.9
- Beta (1Y)
- 0.42
- Revenue Growth
- 9.75%
- EPS Growth
- 10.17%
- Country
- Japan
- Employees
- 758
- Sector
- Healthcare
- Sector Strength
- 51
- Industry
- Medical - Distribution
AS ONE Business Overview & Revenue Model
Company Description
AS ONE Corporation, a Japanese company with a global presence, specializes in the distribution of a wide array of scientific instruments, research equipment, and essential products for nursing and healthcare. Its diverse catalog of scientific instrum...
How the Company Makes Money
AS ONE primarily makes money by selling and distributing a wide catalog of laboratory, scientific, and medical-related products to institutional and corporate customers. Revenue is generated mainly from (1) product sales as a distributor/wholesaler—e...
AS ONE Financial Statement Overview
Summary
Strong overall fundamentals supported by steady multi-year revenue growth, healthy distributor-level profitability (gross margin ~30%, net margin ~7%–9%), and a conservative balance sheet with low leverage and stable low-teens ROE. The key drag is uneven cash conversion and volatile free cash flow growth, which reduces confidence in consistency despite positive FCF.
Income Statement
78PositiveBalance Sheet
88Very PositiveCash Flow
62Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 110.70B | 110.70B | 103.75B | 95.54B | 91.42B | 86.95B |
| Gross Profit | 33.47B | 33.47B | 31.32B | 29.25B | 28.45B | 25.54B |
| EBITDA | 15.05B | 15.05B | 13.64B | 12.65B | 13.32B | 12.18B |
| Net Income | 9.18B | 9.18B | 8.23B | 7.50B | 8.11B | 7.20B |
Balance Sheet | ||||||
| Total Assets | 102.42B | 102.42B | 101.72B | 95.83B | 97.48B | 96.11B |
| Cash, Cash Equivalents and Short-Term Investments | 22.14B | 22.14B | 22.57B | 13.89B | 18.61B | 19.22B |
| Total Debt | 4.75B | 4.75B | 7.21B | 3.65B | 6.27B | 3.19B |
| Total Liabilities | 31.24B | 31.24B | 35.01B | 31.17B | 33.51B | 29.95B |
| Stockholders Equity | 71.18B | 71.18B | 66.71B | 64.66B | 63.97B | 66.15B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 4.42B | 8.11B | 5.55B | 6.40B | 8.21B |
| Operating Cash Flow | 0 | 6.47B | 9.31B | 6.50B | 6.97B | 8.84B |
| Investing Cash Flow | 0 | -2.47B | 850.00M | -1.93B | -367.98M | 591.15M |
| Financing Cash Flow | 0 | -8.05B | -659.00M | -9.04B | -7.28B | -5.16B |
AS ONE Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7476, the sentiment is Positive. The current price of 2576.00 is above the 20-day moving average (MA) of 2553.85, above the 50-day MA of 2491.92, and above the 200-day MA of 2295.21, indicating a bullish trend. The MACD of 32.85 indicates Positive momentum. The RSI at 54.45 is Neutral, neither overbought nor oversold. The STOCH value of 20.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7476.
AS ONE Peers Comparison
Overall Rating
JP:747671Outperform
JP:278470Outperform
JP:336067Neutral
JP:684960.5Neutral
JP:652358Neutral
JP:808641Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 71Outperform | JPY 176.26B | 18.86 | 13.27% | 2.60% | 9.75% | 10.17% | |
| 70Outperform | JPY 471.16B | 11.43 | 7.93% | 2.79% | 4.61% | 43.22% | |
| 67Neutral | JPY 220.32B | 17.39 | 9.11% | 2.37% | 6.54% | -2.44% | |
| 61Neutral | JPY 265.01B | 19.32 | ― | 1.98% | 1.43% | 1.86% | |
| 58Neutral | JPY 180.17B | 19.53 | 5.76% | 2.97% | 3.04% | -19.26% | |
| Sector * | 51Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
| 41Neutral | JPY 240.39B | 15.81 | 5.35% | 2.27% | 2.68% | 144.20% |
* Healthcare Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:7476 | AS ONE Corporation | 2576.00 | 127.98 | 5.23% | |
| JP:2784 | Alfresa Holdings Corporation | 2469.00 | 354.02 | 16.74% | |
| JP:8086 | Nipro Corporation | 1363.00 | -110.97 | -7.53% | |
| JP:3360 | Ship Healthcare Holdings | 2531.50 | 285.10 | 12.69% | |
| JP:6523 | PHC Holdings Corp. | 1415.00 | 438.88 | 44.96% | |
| JP:6849 | Nihon Kohden Corporation | 1616.50 | -129.90 | -7.44% |
AS ONE Corporate Events
AS ONE Cuts Share Count With Treasury Stock Cancellation
AS ONE Corporation has completed the cancellation of 2,600,000 shares of its own common stock, representing 3.47% of its issued shares prior to the move, following a resolution approved by the Board of Directors earlier in October 2026. The cancellat...
AS ONE Raises FY2027 Dividend Forecast, Reinforcing Progressive Payout Policy
AS ONE CORPORATION has revised its dividend forecast for the fiscal year ending March 31, 2027, in line with its performance-linked and progressive dividend policies that target a payout ratio of 50 percent or more of adjusted net income. Reflecting...
AS ONE Delivers Strong Interim Results and Lifts Dividend, Updating Full-Year Forecasts
AS ONE reported solid growth for the six months ended September 30, 2026, with net sales rising 12.1% year on year to ¥57.6 billion and profit attributable to owners of parent increasing 9.2% to ¥4.7 billion, supported by higher operating a...
AS ONE posts higher daily sales and steady segment growth despite fewer September business days
AS ONE reported a 4.2% year-on-year rise in non-consolidated net sales for September 2026 despite having one fewer business day, with sales per day increasing 9.7% and all three core segments posting revenue growth. For the first half of the fiscal y...
AS ONE to Cancel 2.6 Million Treasury Shares to Align with 5% Policy
AS ONE CORPORATION’s board has approved the cancellation of 2,600,000 common treasury shares, representing 3.47% of its issued shares, to align with its policy of maintaining treasury stock at about 5% of total outstanding shares. The move foll...
AS ONE books broad-based August sales growth on AI and medical demand
AS ONE reported that preliminary standalone net sales for August 2026 rose 7.3% year on year, with sales increasing across all three core business segments and daily sales also improving. The company highlighted strong demand from semiconductor custo...
AS ONE Completes Share Buyback Tender Offer and Signals Major Shareholder Change
AS ONE Corporation has completed a tender offer to repurchase its own common shares, following an August 7, 2026 board resolution to conduct the buyback under Japan’s Companies Act. The tender offer ran from August 10 to September 7, 2026 at a...
AS ONE Launches Discounted Tender Offer to Repurchase Shares From Major Holder
AS ONE Corporation has approved a tender offer to repurchase up to 2.75 million of its own shares, representing 3.86% of issued and outstanding shares excluding treasury stock, at ¥2,151 per share, a 10% discount to the previous day’s clos...
AS ONE Launches New Share Buyback via Tender Offer to Boost Shareholder Returns
AS ONE Corporation’s board has approved a fresh share buyback program, resolving to acquire its own shares through a tender offer as part of its capital allocation strategy. The move aligns with its FY2025–FY2027 medium-term plan, which t...
AS ONE Posts 9.8% July Sales Gain as All Segments Grow
AS ONE reported preliminary standalone net sales for July 2026 of ¥9,788 million, up 9.8% year on year, with sales per business day rising at the same pace and all three core segments contributing to growth. The Scientific Sector grew 9.6% on st...
AS ONE Delivers Strong Quarterly Growth But Expects Flat Full-Year Earnings
AS ONE reported strong results for the three months ended June 30, 2026, with net sales rising 17.0% year on year to ¥30.0 billion and profit attributable to owners of parent increasing 25.2% to ¥2.85 billion. Earnings per share climbed to...
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