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

• Market Cap: ¥7.89B
• Dividend Yield: 2.19%
• Average Volume (3M): 33.94K
• Price to Earnings (P/E): 48.4
• Beta (1Y): 0.74
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Medical - Care Facilities
• EPS (TTM): 13.26
• Shares Outstanding: 3,587,400
• 10 Day Avg. Volume: 16,980
• 30 Day Avg. Volume: 33,940
• PEG Ratio: 0.15
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.37
• P/FCF Ratio: -2.00
• 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
• EPS Forecast (FY): 296.1
• Revenue Forecast (FY): ¥23.70B

• Rating: 68 Neutral
• Price Target: ¥2,397.00 ▼(-22.18% Downside)
• Action: Reiterated Date: 11/21/25
• Date: Action: Reiterated 11/21/25

As Partners CO.,LTD. shows strong financial performance with robust revenue growth and profitability. However, technical analysis indicates bearish momentum, which could pose short-term risks. The stock's valuation is attractive with a low P/E ratio and decent dividend yield, suggesting potential for long-term value. Addressing cash flow management and monitoring market trends will be crucial for sustaining growth.

Positive Factors

Revenue Growth

Sustained ~23.5% revenue growth demonstrates expanding demand and market penetration. Over a multi-quarter horizon this durable top-line expansion supports scale benefits, stronger margin leverage and provides a reliable base for reinvestment and long-term profitability.

Improving Profitability

Across the income statement margins have improved materially, indicating effective cost and operational management. Strengthened gross and EBITDA margins tend to persist as process improvements and pricing power take hold, supporting sustainable cash generation and resilience to revenue swings.

Solid Balance Sheet

A growing equity base and improved equity ratio provide a durable financial cushion and greater flexibility for funding growth or navigating shocks. This stability reduces solvency risk and supports investment capacity without immediate reliance on external financing.

Negative Factors

Declining Free Cash Flow

Significant capital expenditures driving lower free cash flow create a lasting pressure on available internal funds. Over 2–6 months this can constrain discretionary spending, dividends or deleveraging efforts unless capex efficiency or returns improve materially.

Poor Cash Conversion

Negative free cash flow relative to reported earnings signals that profits are not being fully converted into cash. Structurally weak cash conversion raises concerns about working capital management and the sustainability of earnings-derived funding for growth or obligations.

Rising Leverage

An increasing debt-to-equity ratio indicates the company is using more leverage to finance operations or growth. While currently manageable, higher leverage raises interest and refinancing risk and can limit strategic flexibility if revenue growth or margins decelerate.

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

Company Description

As Partners CO.,LTD. (160A) is a diversified company specializing in various sectors, including technology, manufacturing, and consulting services. The company focuses on providing innovative solutions and products that enhance operational efficiency and drive growth for businesses across different industries. With a strong emphasis on research and development, As Partners CO.,LTD. aims to deliver high-quality products and services tailored to meet the evolving needs of its clients.

As Partners CO.,LTD. Financial Statement Overview

Summary

As Partners CO.,LTD. demonstrates strong revenue growth and improved profitability, supported by a stable balance sheet. However, the cash flow statement indicates challenges with free cash flow management. The company is on a positive growth trajectory with a need to address cash flow efficiency to sustain its financial health.

Income Statement

As Partners CO.,LTD. has shown strong revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin has improved, indicating efficient cost management. The net profit margin has also increased, reflecting enhanced profitability. EBIT and EBITDA margins have strengthened, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and profitability.

Balance Sheet

The company's balance sheet shows a solid equity base with a growing stockholders' equity, indicating financial stability. The debt-to-equity ratio has increased, suggesting higher leverage but still within a manageable range. The equity ratio has improved, reflecting a stronger financial position. Overall, the balance sheet indicates stability with a cautious note on increasing leverage.

Cash Flow

The cash flow statement reveals some challenges, with a decline in free cash flow due to significant capital expenditures. However, operating cash flow remains positive, indicating the company's ability to generate cash from operations. The free cash flow to net income ratio is negative, highlighting potential cash flow management issues. Overall, while operating cash flow is strong, the cash flow statement suggests a need for improved capital expenditure management.

Breakdown	Mar 2026	Mar 2025	Mar 2024	Mar 2022
Income Statement
Total Revenue	17.92B	17.15B	12.78B	11.52B
Gross Profit	3.86B	3.11B	2.15B	1.87B
EBITDA	1.64B	1.08B	552.06M	1.02B
Net Income	956.66M	563.57M	229.71M	484.94M
Balance Sheet
Total Assets	21.41B	15.95B	14.75B	11.82B
Cash, Cash Equivalents and Short-Term Investments	6.86B	5.71B	4.02B	3.86B
Total Debt	9.31B	5.66B	6.49B	5.13B
Total Liabilities	17.24B	13.57B	12.88B	10.13B
Stockholders Equity	4.16B	2.38B	1.86B	1.68B
Cash Flow
Free Cash Flow	-3.29B	2.19B	-1.86B	-1.06B
Operating Cash Flow	1.31B	3.43B	-745.18M	-338.97M
Investing Cash Flow	-4.65B	-1.43B	-707.64M	928.45M
Financing Cash Flow	4.46B	-884.25M	1.31B	-369.06M

As Partners CO.,LTD. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3080.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:160A, the sentiment is Negative. The current price of 3080 is above the 20-day moving average (MA) of 2355.50, above the 50-day MA of 2429.50, and above the 200-day MA of 2703.74, indicating a bearish trend. The MACD of -53.83 indicates Positive momentum. The RSI at 37.01 is Neutral, neither overbought nor oversold. The STOCH value of 13.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
2425	75 Outperform	¥2.98B	27.02	―	2.56%	-3.06%	-38.56%
6062	72 Outperform	¥42.91B	11.61	―	2.63%	0.30%	-31.28%
160A	68 Neutral	¥7.89B	48.43	―	2.19%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2373	60 Neutral	¥5.75B	23.20	―	4.07%	6.08%	38.00%
7061	45 Neutral	¥6.54B	33.86	―	1.41%	18.03%	-11.68%