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Asian Star Co.
(8946)
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Rating:54Neutral
Price Target:
¥82.00
▲(5.13% Upside)
Action:Reiterated
Date:08/07/26
The score is primarily constrained by financial quality concerns—2025 negative operating/free cash flow despite positive net income and higher debt—offset partly by strong recent revenue growth and still-manageable leverage. Technical indicators are moderately supportive, but a high P/E with no dividend yield provided keeps valuation unattractive and caps the overall score.
Positive Factors
Revenue Recovery
The return to strong revenue growth alongside recovery from prior losses indicates improving business activity and product or property demand. Sustaining this momentum could broaden the earnings base over the next several quarters.
Negative Factors
Negative Cash Flow
The disconnect between positive accounting earnings and negative operating and free cash flow raises concerns about earnings quality and working-capital execution. Persistent cash burn could restrict reinvestment and increase reliance on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The return to strong revenue growth alongside recovery from prior losses indicates improving business activity and product or property demand. Sustaining this momentum could broaden the earnings base over the next several quarters.
Read all positive factors
Asian Star Co. (8946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.00B
Dividend YieldN/A
Average Volume (3M)173.94K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth34.38%
EPS Growth-322.45%
CountryJP
Employees76
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)2.05
Shares Outstanding26,808,200
10 Day Avg. Volume227,120
30 Day Avg. Volume173,936
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.78
Price to Sales (P/S)0.40
P/FCF Ratio-8.48
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
Asian Star Co. Business Overview & Revenue Model
Company Description
Asian Star Co. is a comprehensive real estate enterprise operating in Japan, involved in all phases of property management, from conceptualization and development to sales, acquisition, leasing, administration, and brokerage. The company construct...
How the Company Makes Money
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Asian Star Co. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.56B | 4.54B | 3.35B | 2.13B | 2.49B | 2.54B |
| Gross Profit | 999.02M | 1.03B | 846.57M | 820.00M | 821.06M | 813.98M |
| EBITDA | 173.81M | 233.40M | 113.00M | 128.92M | 123.86M | 68.78M |
| Net Income | 48.76M | 113.09M | 18.48M | 40.95M | 55.35M | -21.52M |
Balance Sheet | ||||||
| Total Assets | 4.16B | 4.02B | 3.33B | 3.62B | 3.13B | 3.06B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 1.22B | 1.31B | 1.28B | 853.37M | 430.46M |
| Total Debt | 1.12B | 822.35M | 239.20M | 429.00M | 558.58M | 500.29M |
| Total Liabilities | 1.89B | 1.67B | 1.04B | 1.45B | 1.43B | 1.43B |
| Stockholders Equity | 2.27B | 2.35B | 2.22B | 2.16B | 1.70B | 1.63B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -215.50M | 556.99M | 141.00M | 444.58M | 119.03M |
| Operating Cash Flow | 0.00 | -204.60M | 568.38M | 145.00M | 455.16M | 121.17M |
| Investing Cash Flow | 0.00 | -579.93M | -266.00M | 6.92M | -73.49M | -226.53M |
| Financing Cash Flow | 0.00 | 586.58M | -282.76M | 272.81M | 89.58M | -449.49M |
Asian Star Co. Technical Analysis
Negative
78.00
Price Trends
76.64
Negative
78.62
Negative
82.44
Negative
Market Momentum
-0.67
Positive
43.65
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8946, the sentiment is Negative. The current price of 78 is above the 20-day moving average (MA) of 77.10, above the 50-day MA of 76.64, and below the 200-day MA of 82.44, indicating a bearish trend. The MACD of -0.67 indicates Positive momentum. The RSI at 43.65 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8946.
Asian Star Co. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥4.46B | 4.64 | ― | 0.50% | 18.08% | 89.27% | |
68 Neutral | ¥2.34B | 19.19 | ― | 2.00% | 1.82% | 15.87% | |
57 Neutral | ¥4.84B | 2.66 | ― | 2.51% | 65.37% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥2.00B | -23.36 | ― | ― | 34.38% | -322.45% | |
48 Neutral | ¥2.50B | 39.27 | ― | ― | -15.78% | -42.11% | |
47 Neutral | ¥3.56B | -29.58 | ― | 0.46% | 9.76% | 77.71% |
* General Sector Average
JP:8946
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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.