As Partners CO.,LTD. (160A) AI Stock Analysis

• Market Cap: ¥8.53B
• Dividend Yield: 2.31%
• Average Volume (3M): 15.08K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.77
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Medical - Care Facilities
• EPS (TTM): 13.90
• Shares Outstanding: 3,576,000
• 10 Day Avg. Volume: 8,530
• 30 Day Avg. Volume: 15,080
• PEG Ratio: -0.69
• Price to Book (P/B): 3.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 82 Outperform
• Price Target: ¥2,731.00 ▲(12.57%Upside)

The overall stock score of 82 is driven by strong technical indicators and attractive valuation metrics. Despite financial risks from increased leverage and negative cash flow, the company's strong revenue growth and profitability, along with bullish market momentum, position it well for potential future gains.

As Partners CO.,LTD. Business Overview & Revenue Model

Company Description

AS Partners Co. Ltd. provides nursing care services. The company offers nursing care homes, daily living care services, short term residential care, and other services. It also develops and operates nursing homes, aging real estate, and provides condominium rental services. The company was founded by Takeshi Uemura on November 2, 2004 and is headquartered in Tokyo, Japan.

How the Company Makes Money

As Partners CO.,LTD. Financial Statement Overview

Summary

As Partners CO.,LTD. shows strong revenue and profitability growth with effective cost management. However, increased leverage and negative free cash flow highlight financial risks. Continued focus on cash management and reducing reliance on debt financing is crucial.

Income Statement

As Partners CO.,LTD. has demonstrated strong revenue growth with a 44.6% increase from 2023 to 2025. The gross profit margin improved from 16.8% in 2022 to 21.5% in 2025, indicating effective cost management. The net profit margin in 2025 is 5.3%, showing profitability improvements. EBIT and EBITDA margins have also increased, indicating operational efficiency. Overall, the income statement reflects robust growth and profitability.

Balance Sheet

The company's debt-to-equity ratio increased from 3.05 in 2024 to 2.24 in 2025, suggesting higher leverage but still within manageable levels. Return on Equity (ROE) improved significantly to 22.97% in 2025, showcasing effective utilization of equity. However, the equity ratio is relatively low at 19.4%, indicating reliance on debt financing. The balance sheet shows strong equity growth but increased leverage, which could pose risks if not managed well.

Cash Flow

Free cash flow turned negative in 2025, a concern given past positive figures. Operating cash flow to net income ratio decreased, indicating less cash generation relative to net income. The free cash flow to net income ratio also shows a decline. While the company is investing heavily, the negative free cash flow suggests potential liquidity concerns and reliance on external financing.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement		Total Revenue
14.16B	17.92B	17.15B	12.78B	11.52B
	Gross Profit
3.22B	3.86B	3.11B	2.15B	1.87B
	EBIT
1.31B	1.31B	805.50M	201.09M	240.63M
	EBITDA
1.44B	1.64B	1.08B	552.06M	1.02B
	Net Income Common Stockholders
905.57M	956.66M	563.57M	229.71M	484.94M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.00B	6.86B	5.71B	4.02B	3.86B
	Total Assets
20.30B	21.41B	15.95B	14.74B	11.81B
	Total Debt
8.46B	9.31B	5.66B	6.49B	5.13B
	Net Debt
1.46B	2.45B	-51.10M	2.47B	1.28B
	Total Liabilities
16.20B	17.24B	13.57B	12.88B	10.13B
	Stockholders Equity
4.10B	4.16B	2.38B	1.86B	1.68B
Cash Flow		Free Cash Flow
0.00	-3.29B	2.19B	-1.86B	-1.06B
	Operating Cash Flow
0.00	1.31B	3.43B	-745.18M	-338.97M
	Investing Cash Flow
0.00	-4.65B	-1.43B	-707.64M	928.45M
	Financing Cash Flow
0.00	4.46B	-884.25M	1.31B	-369.06M

As Partners CO.,LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2426.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:160A, the sentiment is Positive. The current price of 2426 is above the 20-day moving average (MA) of 2307.70, above the 50-day MA of 2090.96, and above the 200-day MA of 1883.17, indicating a bullish trend. The MACD of 82.22 indicates Positive momentum. The RSI at 69.89 is Neutral, neither overbought nor oversold. The STOCH value of 82.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:160A.

As Partners CO.,LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
160A	82 Outperform	¥8.53B	8.84		2.31%	―	―
7133	78 Outperform	¥10.55B	14.34		1.38%	20.50%	62.52%
2425	72 Outperform	¥3.02B	8.08		2.51%	2.33%	-0.96%
7061	69 Neutral	¥10.60B	19.16		1.19%	21.97%	-20.94%
6557	61 Neutral	¥9.06B	20.79		―	10.60%	15.95%
Sector *	60 Neutral	$943.57M	5.85	2.43%	4.40%	10.27%	-74.96%
2373	58 Neutral	¥5.34B	12.20		3.53%	10.13%	―