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ASO INTERNATIONAL INC. (JP:9340)
:9340
Japanese Market
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ASO INTERNATIONAL INC. (9340) AI Stock Analysis

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JP:9340

ASO INTERNATIONAL INC.

(9340)

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Outperform 80 (OpenAI - 5.2)
Rating:80Outperform
Price Target:
¥818.00
▲(15.05% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by strong financial performance—especially the debt-free balance sheet, rising equity, and improved recent profitability—supported by a reasonable P/E and a solid dividend yield. Technical indicators are mildly positive but largely neutral, limiting additional upside contribution to the score.
Positive Factors
Debt-free Balance Sheet
A net-delevered balance sheet with zero debt and rising equity materially lowers financial risk and increases strategic optionality. Over the next several months this supports capital allocation for R&D, dividends or opportunistic M&A without increasing leverage, enhancing resilience in downturns.
Negative Factors
Operating Cash Flow Volatility
Volatile conversion of earnings into operating cash suggests working-capital swings or timing differences that can impair near-term liquidity despite positive FCF. This unpredictability complicates forecasting and could necessitate precautionary cash buffers or constrain larger investments over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A net-delevered balance sheet with zero debt and rising equity materially lowers financial risk and increases strategic optionality. Over the next several months this supports capital allocation for R&D, dividends or opportunistic M&A without increasing leverage, enhancing resilience in downturns.
Read all positive factors

ASO INTERNATIONAL INC. (9340) vs. iShares MSCI Japan ETF (EWJ)

ASO INTERNATIONAL INC. Business Overview & Revenue Model

Company Description
Established in 1982 and headquartered in Tokyo, Japan, ASO International, Inc. is a key player in the orthodontics sector, providing a comprehensive array of products and services. The company develops and supplies advanced systems for teeth align...
How the Company Makes Money
null...

ASO INTERNATIONAL INC. Financial Statement Overview

Summary
Strong overall fundamentals supported by a debt-free balance sheet, rising equity, and improving profitability. Revenue growth accelerated in 2026 and net/operating margins improved versus recent years, though margins remain below earlier peaks. Free cash flow is consistently positive and has rebounded, but operating cash flow conversion has been uneven year-to-year.
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2023Jun 2022
Income Statement
Total Revenue4.04B4.17B3.80B3.54B3.19B3.12B
Gross Profit1.80B1.84B1.70B1.59B1.43B1.42B
EBITDA758.53M770.19M706.97M593.08M495.07M551.61M
Net Income497.69M518.61M438.58M386.41M338.16M351.84M
Balance Sheet
Total Assets3.47B3.74B3.33B3.19B2.83B2.19B
Cash, Cash Equivalents and Short-Term Investments1.86B1.93B1.95B1.90B1.73B1.29B
Total Debt0.000.000.000.000.00300.06M
Total Liabilities385.82M495.16M401.87M424.73M360.71M640.16M
Stockholders Equity3.08B3.24B2.93B2.76B2.47B1.55B
Cash Flow
Free Cash Flow0.00423.88M444.17M386.44M172.24M197.24M
Operating Cash Flow0.00454.64M473.34M437.15M245.72M246.65M
Investing Cash Flow0.00-761.68M-150.41M-179.28M-90.61M-67.71M
Financing Cash Flow0.00-224.04M-265.35M-93.80M276.62M-104.67M

ASO INTERNATIONAL INC. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price711.00
Price Trends
50DMA
700.05
Positive
100DMA
683.87
Positive
200DMA
685.88
Positive
Market Momentum
MACD
1.15
Positive
RSI
52.28
Neutral
STOCH
30.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9340, the sentiment is Positive. The current price of 711 is below the 20-day moving average (MA) of 711.35, above the 50-day MA of 700.05, and above the 200-day MA of 685.88, indicating a neutral trend. The MACD of 1.15 indicates Positive momentum. The RSI at 52.28 is Neutral, neither overbought nor oversold. The STOCH value of 30.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9340.

ASO INTERNATIONAL INC. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
¥6.95B13.422.95%9.74%17.84%
74
Outperform
¥62.72B15.433.22%13.57%0.34%
71
Outperform
¥8.35T31.5725.12%1.19%12.65%32.11%
67
Neutral
¥148.21B17.4124.90%1.53%15.46%6.44%
62
Neutral
¥145.26B19.706.57%1.78%5.05%50.43%
53
Neutral
¥16.28B14.862.65%2.22%-2.17%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:9340
ASO INTERNATIONAL INC.
710.00
10.82
1.55%
JP:7741
HOYA
24,965.00
5,927.63
31.14%
JP:3046
JINS HOLDINGS
6,180.00
-1,856.84
-23.10%
JP:7780
Menicon Co
1,898.00
677.48
55.51%
JP:5889
Japan Eyewear Holdings Co.,Ltd.
2,600.00
570.27
28.10%
JP:7743
Seed Co., Ltd.
535.00
3.08
0.58%

ASO INTERNATIONAL INC. Corporate Events

ASO International Lifts Profits and Payout While Forecasting Moderate Growth for FY 2027
Aug 7, 2026
ASO International reported consolidated net sales of ¥4.17 billion for the fiscal year ended June 30, 2026, up 9.7% year on year, with operating profit rising 9.9% to ¥723 million and profit attributable to owners of parent climbing 18.2...
ASO International Lifts Nine-Month Profit and Confirms Growth Outlook for FY2026
May 13, 2026
ASO International reported consolidated net sales of ¥3,057 million for the first nine months of the fiscal year ending June 30, 2026, an 8.5% year-on-year increase, with operating profit up 11.7% to ¥509 million and profit attributable ...
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 10, 2026