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Asax Co., Ltd.
(8772)
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Rating:72Outperform
Price Target:
¥970.00
▲(11.75% Upside)
Action:Reiterated
Date:08/17/26
The score is driven by strong technical trend and attractive valuation (low P/E with a moderate dividend). Offsetting these positives, financial performance is constrained by persistent negative operating/free cash flow and a rising leverage trend despite strong reported profitability.
Positive Factors
Accelerating Revenue Growth
Sustained revenue expansion indicates improving loan origination or portfolio scale. The acceleration in 2026 supports near-term operating momentum and can strengthen earnings capacity if underwriting quality and funding access remain disciplined.
Negative Factors
Persistent Negative Cash Flow
Weak cash conversion means reported earnings are not consistently translating into liquidity. If cash remains tied up in loan growth or working-capital movements, the company may rely more heavily on external funding, reducing flexibility during credit or funding stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Sustained revenue expansion indicates improving loan origination or portfolio scale. The acceleration in 2026 supports near-term operating momentum and can strengthen earnings capacity if underwriting quality and funding access remain disciplined.
Read all positive factors
Asax Co., Ltd. (8772) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.82B
Dividend Yield2.5%
Average Volume (3M)21.76K
Price to Earnings (P/E)6.7
Beta (1Y)0.41
Revenue Growth18.32%
EPS Growth31.13%
CountryJP
Employees57
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)119.76
Shares Outstanding32,980,500
10 Day Avg. Volume31,360
30 Day Avg. Volume21,756
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.51
Price to Sales (P/S)3.09
P/FCF Ratio-4.11
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)N/A
Revenue Forecast (FY)N/A
Asax Co., Ltd. Business Overview & Revenue Model
Company Description
Asax Co., Ltd., which was established in 1969, specializes in providing real estate-backed loans. Based in Tokyo, Japan, the company offers these mortgage financing services to both private individuals and business entities....
How the Company Makes Money
Asax Co., Ltd. primarily makes money by originating and servicing loans and earning interest income on the outstanding loan balance. Its main revenue stream is the spread between (a) interest and fees charged to borrowers on secured lending produc...
Asax Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
64
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.78B | 7.52B | 6.75B | 6.18B | 5.65B |
| Gross Profit | 8.16B | 6.83B | 6.19B | 5.78B | 5.31B |
| EBITDA | 7.14B | 5.32B | 5.18B | 4.34B | 3.89B |
| Net Income | 3.95B | 3.39B | 3.29B | 2.80B | 2.54B |
Balance Sheet | |||||
| Total Assets | 130.18B | 118.27B | 109.55B | 101.19B | 83.72B |
| Cash, Cash Equivalents and Short-Term Investments | 8.11B | 5.17B | 5.47B | 6.35B | 3.63B |
| Total Debt | 74.44B | 66.39B | 60.55B | 55.08B | 40.30B |
| Total Liabilities | 77.39B | 69.22B | 63.22B | 57.56B | 42.29B |
| Stockholders Equity | 52.79B | 49.05B | 46.33B | 43.63B | 41.43B |
Cash Flow | |||||
| Free Cash Flow | -6.61B | -3.80B | -3.68B | -11.44B | -3.74B |
| Operating Cash Flow | -6.58B | -3.74B | -3.64B | -11.42B | -3.72B |
| Investing Cash Flow | -316.18M | -1.71B | -2.13B | -50.98M | -799.32M |
| Financing Cash Flow | 7.35B | 5.18B | 4.88B | 14.18B | 2.53B |
Asax Co., Ltd. Technical Analysis
Positive
868.00
Price Trends
833.50
Positive
830.88
Positive
839.92
Positive
Market Momentum
11.75
Positive
64.68
Neutral
76.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8772, the sentiment is Positive. The current price of 868 is above the 20-day moving average (MA) of 859.25, above the 50-day MA of 833.50, and above the 200-day MA of 839.92, indicating a bullish trend. The MACD of 11.75 indicates Positive momentum. The RSI at 64.68 is Neutral, neither overbought nor oversold. The STOCH value of 76.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8772.
Asax Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥25.98B | 14.31 | ― | 2.63% | 17.21% | 23.84% | |
79 Outperform | ¥82.92B | 22.47 | ― | 2.02% | 5.01% | 8.58% | |
72 Outperform | ¥28.82B | 6.71 | ― | 2.41% | 18.32% | 31.13% | |
68 Neutral | ¥9.26B | 8.06 | ― | 5.03% | 6.81% | 11.76% | |
56 Neutral | ¥4.57B | 19.40 | ― | 2.04% | 14.35% | 268.68% | |
56 Neutral | ¥7.73B | -85.55 | ― | 4.49% | 4.70% | -108.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8772
Asax Co., Ltd.
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84.61
10.65%
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-63.41
-7.83%
JP:8771
eGuarantee, Inc.
1,829.00
355.50
24.13%
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.