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Asanuma Corporation
(1852)
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Rating:63Neutral
Price Target:
¥914.00
▼(-10.57% Downside)
Action:Downgraded
Date:05/15/26
The score is driven by solid underlying financial performance (steady margins, improving leverage) and supportive valuation (high dividend yield with a moderate P/E). These positives are offset by weak technicals, with the price below key moving averages and bearish momentum indicators.
Positive Factors
Balance-sheet improvement
Debt-to-equity declined in 2026 while equity grew, indicating a stronger capital structure. This improved leverage profile increases financial resilience for a project-based contractor, lowering refinancing risk and enabling steadier investment or payout policies over the medium term.
Negative Factors
Cash-flow volatility
Historic swings in operating and free cash flow stem from working-capital timing and lumpy project receipts. This uneven cash generation increases financing unpredictability, may force short-term borrowing in weaker years, and complicates reliable capital allocation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet improvement
Debt-to-equity declined in 2026 while equity grew, indicating a stronger capital structure. This improved leverage profile increases financial resilience for a project-based contractor, lowering refinancing risk and enabling steadier investment or payout policies over the medium term.
Read all positive factors
Asanuma Corporation (1852) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥69.07B
Dividend Yield3.64%
Average Volume (3M)456.21K
Price to Earnings (P/E)13.3
Beta (1Y)0.60
Revenue Growth4.96%
EPS Growth17.57%
CountryJP
Employees1,806
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)64.22
Shares Outstanding80,786,290
10 Day Avg. Volume636,700
30 Day Avg. Volume456,209
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)1.59
Price to Sales (P/S)0.45
P/FCF Ratio4.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asanuma Corporation Business Overview & Revenue Model
Company Description
Operating as a general contractor, Asanuma Corporation conducts its business both within Japan and on the global stage. Its diverse activities are structured around two core divisions: Building Construction and Civil Engineering. The firm's extens...
How the Company Makes Money
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Asanuma Corporation Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
61
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 175.29B | 167.00B | 152.68B | 144.44B | 135.48B |
| Gross Profit | 19.59B | 17.99B | 14.15B | 15.14B | 13.44B |
| EBITDA | 8.04B | 7.52B | 7.94B | 7.61B | 6.21B |
| Net Income | 5.18B | 4.69B | 4.67B | 4.20B | 3.75B |
Balance Sheet | |||||
| Total Assets | 118.18B | 115.24B | 101.25B | 93.03B | 90.13B |
| Cash, Cash Equivalents and Short-Term Investments | 23.89B | 16.83B | 13.03B | 11.89B | 13.19B |
| Total Debt | 14.22B | 21.56B | 14.98B | 10.33B | 10.68B |
| Total Liabilities | 67.97B | 69.10B | 52.54B | 48.37B | 47.46B |
| Stockholders Equity | 49.76B | 45.71B | 47.62B | 44.00B | 42.20B |
Cash Flow | |||||
| Free Cash Flow | 18.08B | 4.97B | -3.60B | 1.20B | 366.00M |
| Operating Cash Flow | 18.41B | 5.18B | -3.17B | 1.35B | 1.56B |
| Investing Cash Flow | -799.00M | -784.00M | 2.65B | 934.00M | -2.26B |
| Financing Cash Flow | -11.02B | -913.00M | 1.41B | -3.66B | -2.27B |
Asanuma Corporation Technical Analysis
Positive
1022.00
Price Trends
831.70
Positive
915.38
Negative
937.12
Negative
Market Momentum
6.56
Negative
55.90
Neutral
34.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1852, the sentiment is Positive. The current price of 1022 is above the 20-day moving average (MA) of 841.65, above the 50-day MA of 831.70, and above the 200-day MA of 937.12, indicating a neutral trend. The MACD of 6.56 indicates Negative momentum. The RSI at 55.90 is Neutral, neither overbought nor oversold. The STOCH value of 34.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1852.
Asanuma Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥95.35B | 12.19 | ― | 4.38% | -6.07% | 44.81% | |
75 Outperform | ¥92.92B | 20.88 | ― | 0.99% | 21.37% | 44.91% | |
73 Outperform | ¥83.62B | 12.36 | ― | 1.25% | 4.37% | 6.30% | |
68 Neutral | ¥80.30B | 21.56 | ― | 8.02% | -4.15% | -16.85% | |
65 Neutral | ¥80.49B | 17.92 | ― | 0.96% | 0.26% | 5.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥69.07B | 13.30 | ― | 3.64% | 4.96% | 17.57% |
* Industrials Sector Average
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Asanuma Corporation Corporate Events
Asanuma lifts profit and dividend as balance sheet strengthens
May 13, 2026
Asanuma Corporation reported consolidated net sales of ¥175.3 billion for the fiscal year ended March 31, 2026, up 5% year on year, with operating profit rising 5% to ¥7.2 billion and profit attributable to owners of parent climbing 10.4...
Asanuma to Close Two Thai Subsidiaries in Streamlining Move
Mar 31, 2026
Asanuma Corporation has decided to close two local subsidiaries in Thailand, Thai Asanuma Holdings Co., Ltd. and Thai Asanuma Construction Co., Ltd., both established in 2021 in Bangkok. The units were engaged in civil engineering and building str...
Asanuma Lifts Dividend Forecast, Targets Higher Shareholder Returns
Mar 19, 2026
Asanuma Corporation has revised upward its dividend forecast for the fiscal year ending March 31, 2026, raising the planned year-end dividend from ¥27.50 to ¥29.00 per share. This lifts the total annual dividend forecast to ¥45.00 p...
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.