Improving Leverage / Balance SheetLeverage has meaningfully improved (debt/equity ~0.53 in 2025 vs ~0.61 in 2024 and 0.86–0.98 in 2022–23) while shareholders' equity expanded. This de‑risking enhances financial flexibility, reduces interest burden and supports durable capital allocation through cycles.

Improving Profitability / MarginsGross and net margins improved in 2025, with EBIT/EBITDA margins stepping up and net income growth steady from 2020–2025. Sustained margin expansion signals operational efficiency and pricing power that support long‑term earnings resilience and reinvestment capacity.

High Free Cash Flow ConversionConsistent FCF conversion near 91–99% over multiple years indicates high earnings quality and persistent cash generation. Over the medium term this underpins the company's ability to fund dividends, pay down debt and invest without relying on volatile revenue timing.

Bears Say

Top-line Volatility / Revenue DeclineA ~10.7% revenue decline in 2025 following 2024's strength highlights meaningful top‑line volatility. Persistent revenue swings reduce predictability of earnings and capital planning, making sustained margin performance and long‑term growth harder to rely upon.

Operating Cash Flow Shock In 2025Operating cash flow plunged to ¥0.9B in 2025 from ¥6.7B in 2024 and fell below net income. Such working‑capital or timing swings raise near‑term liquidity risk and complicate steady funding for capex, dividends and debt service despite strong multi‑year FCF conversion.

Sustainability Risk For Elevated ROEROE near 23–25% is attractive but the company notes it may be hard to sustain if revenue remains choppy. Elevated returns could revert if top‑line weakness persists, exposing investors to mean reversion risk and lower long‑term return expectations.

8929 FAQ

What was Aoyama Zaisan Networks Co., Ltd.’s price range in the past 12 months?

Aoyama Zaisan Networks Co., Ltd. lowest stock price was ¥1378.00 and its highest was ¥2194.00 in the past 12 months.

What is Aoyama Zaisan Networks Co., Ltd.’s market cap?

Aoyama Zaisan Networks Co., Ltd.’s market cap is ¥34.32B.

When is Aoyama Zaisan Networks Co., Ltd.’s upcoming earnings report date?

Aoyama Zaisan Networks Co., Ltd.’s upcoming earnings report date is May 19, 2026 which is in 92 days.

How were Aoyama Zaisan Networks Co., Ltd.’s earnings last quarter?

Aoyama Zaisan Networks Co., Ltd. released its earnings results on Feb 06, 2026. The company reported ¥14.12 earnings per share for the quarter, beating the consensus estimate of N/A by ¥14.12.

Is Aoyama Zaisan Networks Co., Ltd. overvalued?

According to Wall Street analysts Aoyama Zaisan Networks Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Aoyama Zaisan Networks Co., Ltd. pay dividends?

Aoyama Zaisan Networks Co., Ltd. pays a Semiannually dividend of ¥33 which represents an annual dividend yield of 3.16%. See more information on Aoyama Zaisan Networks Co., Ltd. dividends here

What is Aoyama Zaisan Networks Co., Ltd.’s EPS estimate?

Aoyama Zaisan Networks Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Aoyama Zaisan Networks Co., Ltd. have?

Aoyama Zaisan Networks Co., Ltd. has 25,123,860 shares outstanding.

What happened to Aoyama Zaisan Networks Co., Ltd.’s price movement after its last earnings report?

Aoyama Zaisan Networks Co., Ltd. reported an EPS of ¥14.12 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.931%.

Which hedge fund is a major shareholder of Aoyama Zaisan Networks Co., Ltd.?

Currently, no hedge funds are holding shares in JP:8929

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Aoyama Zaisan Networks Co., Ltd.

Aoyama Zaisan Networks Company,Limited provides real estate consulting solutions primarily in Japan. The company also offers corporate finance consulting and individual asset consulting services. In addition, it provides asset management solutions to individual asset owners and corporate owners. The company was formerly known as Funai Zaisan Consultants Co., Ltd. and changed its name to Aoyama Zaisan Networks Company,Limited in July 2012. The company was founded in 1991 and is headquartered in Tokyo, Japan.