Asanuma Corporation (1852) AI Stock Analysis

• Market Cap: ¥72.54B
• Dividend Yield: 3.82%
• Average Volume (3M): 456.21K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.55
• Revenue Growth: 18.01%
• EPS Growth: 15.27%
• Country: JP
• Employees: 1,799
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 29.26
• Shares Outstanding: 80,786,290
• 10 Day Avg. Volume: 636,700
• 30 Day Avg. Volume: 456,209
• PEG Ratio: 26.73
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 11.31
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 82 Outperform
• Price Target: ¥1,115.00 ▲(12.17% Upside)

Asanuma Corporation's stock is rated highly due to its strong financial performance and bullish technical indicators. The company's robust revenue growth, healthy profit margins, and efficient capital utilization are significant strengths. The stock's technical indicators suggest continued positive momentum, although investors should be cautious of the approaching overbought RSI level. The valuation is reasonable, supported by a solid dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term competitiveness and market position.

Operational Efficiency

Improved operational efficiency reflects effective cost management and strategic initiatives, supporting sustainable profit margins and competitive advantage.

Cash Generation

Enhanced cash generation capabilities improve financial flexibility, enabling strategic investments and debt management, crucial for long-term growth.

Negative Factors

Rising Liabilities

Increasing liabilities could strain financial resources and limit future investment capacity, posing a risk to long-term financial stability.

Cash Flow Volatility

Volatile cash flows can impact the company's ability to fund operations and investments consistently, affecting long-term strategic planning.

Executive Compensation Strategy

While aligning management interests with shareholders, such compensation strategies can dilute equity and impact shareholder value if not managed carefully.

Asanuma Corporation Business Overview & Revenue Model

Company Description

Asanuma Corporation, established in 1852, is a leading construction and engineering firm based in Japan. The company operates primarily in the construction sector, providing a wide range of services including civil engineering, building construction, and project management. Asanuma is known for its innovative approach to construction technology and commitment to sustainability, offering solutions for both public and private sector projects.

How the Company Makes Money

Asanuma Corporation generates revenue through multiple streams, primarily from its construction and engineering contracts. The company undertakes large-scale infrastructure projects, including roads, bridges, and commercial buildings, which are funded through public contracts and private investments. Additionally, Asanuma earns income from consulting services in project management and construction oversight. Significant partnerships with government entities and private corporations enhance its project portfolio, while a focus on sustainable building practices has opened up new revenue opportunities in eco-friendly construction. Furthermore, the company may benefit from maintenance and renovation contracts that provide ongoing revenue after initial project completion.

Asanuma Corporation Financial Statement Overview

Summary

Asanuma Corporation demonstrates robust financial performance with strong revenue growth, healthy profit margins, and efficient capital utilization. The company's balanced leverage and improved cash flow position it well for future growth. However, attention should be paid to the rising liabilities and historical cash flow volatility to ensure sustained financial health.

Income Statement

Asanuma Corporation's income statement shows a strong revenue growth of 9.38% from the previous year, accompanied by solid gross and net profit margins of 10.77% and 2.81%, respectively. The EBIT margin of 4.03% and EBITDA margin of 4.50% indicate healthy operational efficiency. The company has demonstrated consistent revenue growth over the past few years, reflecting robust market demand and effective business strategies.

Balance Sheet

The balance sheet indicates a stable financial position with a debt-to-equity ratio of 0.47, reflecting moderate leverage. The return on equity of 10.26% signifies efficient utilization of equity capital. The equity ratio of 39.66% suggests a balanced capital structure, maintaining a healthy proportion of equity financing. However, the company's total liabilities have increased, which may require monitoring.

Cash Flow

Cash flow analysis reveals a significant turnaround in free cash flow, with a growth rate of over 100% from the previous negative figures, indicating improved cash generation capabilities. The operating cash flow to net income ratio of 1.11 suggests strong cash conversion from earnings. However, the historical volatility in free cash flow highlights potential cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	177.52B	167.00B	152.68B	144.44B	135.48B	138.93B
Gross Profit	19.11B	17.99B	14.15B	15.14B	13.44B	13.94B
EBITDA	7.72B	7.52B	7.94B	7.61B	6.21B	6.83B
Net Income	5.04B	4.69B	4.67B	4.20B	3.75B	4.14B
Balance Sheet
Total Assets	105.23B	115.24B	101.25B	93.03B	90.13B	92.18B
Cash, Cash Equivalents and Short-Term Investments	13.85B	16.83B	13.03B	11.89B	13.19B	15.76B
Total Debt	17.18B	21.56B	14.98B	10.33B	10.68B	11.03B
Total Liabilities	60.61B	69.10B	52.55B	48.37B	47.46B	50.47B
Stockholders Equity	44.23B	45.71B	47.62B	44.00B	42.20B	41.51B
Cash Flow
Free Cash Flow	0.00	4.97B	-3.60B	1.20B	366.00M	-13.99B
Operating Cash Flow	0.00	5.18B	-3.17B	1.35B	1.56B	-12.90B
Investing Cash Flow	0.00	-784.00M	2.65B	934.00M	-2.26B	815.00M
Financing Cash Flow	0.00	-913.00M	1.41B	-3.66B	-2.27B	-1.95B

Asanuma Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 994.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 994 is above the 20-day moving average (MA) of 970.60, above the 50-day MA of 906.09, and above the 200-day MA of 784.46, indicating a bullish trend. The MACD of 29.51 indicates Positive momentum. The RSI at 60.30 is Neutral, neither overbought nor oversold. The STOCH value of 38.16 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1852	82 Outperform	¥72.54B	14.35	―	3.82%	18.01%	15.27%
1899	79 Outperform	¥59.57B	10.71	―	2.58%	1.71%	14.20%
1870	79 Outperform	¥94.73B	12.42	―	3.79%	35.73%	62.37%
1799	66 Neutral	¥70.07B	11.01	―	3.77%	8.02%	64.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1822	63 Neutral	¥70.93B	20.38	―	3.94%	-8.79%	―
1888	59 Neutral	¥61.66B	16.33	―	2.79%	15.45%	43.95%

Asanuma Corporation Corporate Events

Asanuma Corporation Announces Increased Interim Dividend

Asanuma Corporation has announced an interim dividend of 16 yen per share, with a total payout of 1,291 million yen, effective December 2, 2025. This decision aligns with their shareholder return plan, aiming for a consolidated payout ratio of at least 70% as part of their three-year medium-term plan. The dividend reflects an increase from the previous year’s interim dividend, indicating a positive financial outlook and commitment to rewarding shareholders.

Asanuma Corporation Reports Strong Financial Growth in First Half of 2025

Asanuma Corporation reported a strong financial performance for the six months ending September 30, 2025, with a notable increase in net sales and profits. The company’s operating profit rose by 50.5% year-on-year, while net sales increased by 21.1%, indicating a robust growth trajectory. This financial success reflects positively on Asanuma’s market positioning and operational efficiency, potentially benefiting stakeholders and enhancing its competitive edge in the construction industry.

Asanuma Corporation Completes Treasury Stock Disposal with Adjustments

Asanuma Corporation announced the completion of payment procedures for the disposal of treasury stock as restricted stock compensation for employees, with changes made to the number of shares initially scheduled for disposal due to some employees losing entitlement. The changes will not affect the company’s earnings forecasts for the current fiscal year.