ASO INTERNATIONAL INC. (9340) AI Stock Analysis

ASO INTERNATIONAL INC.

(TSE/TYO:9340)

Select Model

Rating:86Outperform

Price Target:JPY 929.00▲(21.44% Upside)

Action:reiterated

Date:08/10/26

The stock scores 86, driven primarily by its strong financial performance, including debt-free balance sheet and consistent growth. Positive technical trends and attractive valuation further support the score. The company's low beta adds defensive characteristics.

Positive Factors

Debt-Free Balance SheetA debt-free balance sheet materially reduces leverage and refinancing risk, giving the company greater resilience through demand changes. Rising equity also strengthens its financial base, supports continued investment, and preserves flexibility for dividends or other capital-allocation decisions.

Negative Factors

Margins Below Earlier PeaksThe gap between current margins and earlier highs indicates that the company has not fully restored its prior earnings efficiency. This may limit upside in profits from future revenue growth and makes sustained margin recovery an important condition for durable earnings expansion.

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

Market Cap: JPY 7.76B
Dividend Yield: 3.30%
Average Volume (3M): 9,286
Price to Earnings (P/E): 14.9
Beta (1Y): 0.45
Revenue Growth: 9.74%
EPS Growth: 17.84%
Country: Japan
Employees: 332
Sector: Healthcare
Sector Strength: 51
Industry: Medical - Instruments & Supplies

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 alignmen...

ASO INTERNATIONAL INC. Financial Statement Overview

Summary

ASO INTERNATIONAL INC. shows steady revenue growth (CAGR 6.4%), improving profitability (net margin 12.4%), and robust balance sheet with zero debt. Cash flow generation is strong with high free cash flow conversion. Overall financial health is excellent.

Income Statement

87Very Positive

Balance Sheet

96Very Positive

Cash Flow

88Very Positive

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2023	Jun 2022
Income Statement
Total Revenue	3.88B	4.17B	3.80B	3.19B	3.54B	3.12B
Gross Profit	1.75B	1.84B	1.70B	1.43B	1.59B	1.42B
EBITDA	720.71M	770.19M	706.97M	495.07M	593.08M	551.61M
Net Income	470.10M	518.61M	438.58M	338.16M	386.41M	351.84M
Balance Sheet
Total Assets	3.30B	3.74B	3.33B	2.83B	3.19B	2.19B
Cash, Cash Equivalents and Short-Term Investments	1.89B	1.93B	1.95B	1.73B	1.90B	1.29B
Total Debt	0	0	0	0	0	300.06M
Total Liabilities	364.70M	495.16M	401.87M	360.71M	424.73M	640.16M
Stockholders Equity	2.94B	3.24B	2.93B	2.47B	2.76B	1.55B
Cash Flow
Free Cash Flow	0	423.88M	444.17M	172.24M	386.44M	197.24M
Operating Cash Flow	0	454.64M	473.34M	245.72M	437.15M	246.65M
Investing Cash Flow	0	-761.68M	-150.41M	-90.61M	-179.28M	-67.71M
Financing Cash Flow	0	-224.04M	-265.35M	276.62M	-93.80M	-104.67M

ASO INTERNATIONAL INC. Technical Analysis

Technical Analysis SentimentNeutral

Last Price765.00

Price Trends

50DMA783.08Positive

100DMA738.01Positive

200DMA711.72Positive

Market Momentum

MACD0.64Positive

RSI45.94Neutral

STOCH38.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9340, the sentiment is Neutral. The current price of 765.00 is below the 20-day moving average (MA) of 797.85, below the 50-day MA of 783.08, and above the 200-day MA of 711.72, indicating a neutral trend. The MACD of 0.64 indicates Positive momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 38.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9340.

ASO INTERNATIONAL INC. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

JP:9340 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9340	86Outperform	JPY 7.76B	14.88	―	3.30%	9.74%	17.84%
JP:7741	82Outperform	JPY 8.76T	31.20	27.70%	1.14%	13.02%	38.15%
JP:5889	73Outperform	JPY 50.91B	11.81	―	4.06%	15.36%	5.16%
JP:3046	69Neutral	JPY 141.21B	18.11	22.48%	1.72%	14.41%	-6.42%
JP:7743	54Neutral	JPY 23.76B	21.80	―	1.91%	2.22%	-2.17%
JP:7780	52Neutral	JPY 140.23B	19.13	7.70%	1.52%	5.05%	50.43%
Sector *	51Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

* Healthcare Sector Average

Performance Comparison

JP:9340 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9340	ASO INTERNATIONAL INC.	787.00	136.94	21.07%
JP:7741	HOYA CORPORATION	26210.00	1364.34	5.49%
JP:3046	JINS HOLDINGS	6050.00	-1242.15	-17.03%
JP:7780	Menicon Co	1843.00	636.26	52.73%
JP:5889	Japan Eyewear Holdings Co.,Ltd.	2093.00	172.02	8.96%
JP:7743	Seed Co., Ltd.	785.00	228.68	41.11%

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% t...

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

ASO INTERNATIONAL INC. AI Stock Analysis