Rasa Corporation (JP:3023)
:3023
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Rasa Corporation
(3023)
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Rating:69Neutral
Price Target:
¥1,906.00
▲(4.67% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by strengthening fundamentals (better profitability and a more conservative balance sheet), supported by attractive valuation (low P/E and strong dividend yield). This is partially offset by weak technicals, with the stock trading below key moving averages and negative momentum indicators.
Positive Factors
Margin Improvement
Sustained expansion in gross and net margins reflects durable improvements in pricing, cost control and product mix. Higher margins have driven rising net income and stable ROE (~9–10%), providing structural earnings resilience even if volumes fluctuate over a multi-quarter horizon.
Negative Factors
Volatile Operating Cash Flow
Material swings in operating cash flow signal working-capital and timing pressures that can constrain reinvestment and dividend coverage. The recent step-down reduced OCF coverage of debt to ~31% in 2026, limiting flexibility and raising execution risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Sustained expansion in gross and net margins reflects durable improvements in pricing, cost control and product mix. Higher margins have driven rising net income and stable ROE (~9–10%), providing structural earnings resilience even if volumes fluctuate over a multi-quarter horizon.
Read all positive factors
Rasa Corporation (3023) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.13B
Dividend Yield4.04%
Average Volume (3M)19.42K
Price to Earnings (P/E)8.5
Beta (1Y)1.02
Revenue Growth6.15%
EPS Growth17.27%
CountryJP
Employees253
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)190.53
Shares Outstanding11,383,838
10 Day Avg. Volume18,470
30 Day Avg. Volume19,420
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.86
Price to Sales (P/S)0.71
P/FCF Ratio9.77
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
Rasa Corporation Business Overview & Revenue Model
Company Description
Rasa Corporation, a trading company, engages in supplying resources, metallic materials, industrial machinery, construction equipment, and other products in Japan. The company imports mineral sand products, such as zircon sand, rutile sand, ilmeni...
How the Company Makes Money
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Rasa Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.72B | 28.20B | 26.57B | 27.92B | 29.66B | 31.33B |
| Gross Profit | 6.95B | 7.59B | 6.85B | 6.62B | 7.01B | 6.52B |
| EBITDA | 3.00B | 3.14B | 3.17B | 3.09B | 3.25B | 3.15B |
| Net Income | 2.07B | 2.38B | 2.08B | 2.00B | 2.11B | 2.01B |
Balance Sheet | ||||||
| Total Assets | 30.99B | 32.95B | 33.26B | 32.57B | 31.92B | 31.39B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 5.66B | 5.73B | 4.65B | 5.53B | 4.45B |
| Total Debt | 4.41B | 2.97B | 4.04B | 4.24B | 5.03B | 5.07B |
| Total Liabilities | 9.25B | 9.52B | 11.39B | 11.11B | 11.82B | 12.23B |
| Stockholders Equity | 21.73B | 23.43B | 21.86B | 21.45B | 20.10B | 19.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.06B | 2.80B | 660.00M | 2.50B | 821.00M |
| Operating Cash Flow | 0.00 | 2.14B | 2.84B | 717.00M | 2.54B | 886.00M |
| Investing Cash Flow | 0.00 | 25.00M | 140.00M | 25.00M | -206.00M | -5.00M |
| Financing Cash Flow | 0.00 | -2.23B | -1.90B | -1.63B | -1.25B | -1.11B |
Rasa Corporation Technical Analysis
Negative
1821.00
Price Trends
1907.85
Negative
1979.60
Negative
1799.86
Negative
Market Momentum
-48.64
Positive
30.64
Neutral
7.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3023, the sentiment is Negative. The current price of 1821 is below the 20-day moving average (MA) of 1821.80, below the 50-day MA of 1907.85, and above the 200-day MA of 1799.86, indicating a bearish trend. The MACD of -48.64 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 7.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3023.
Rasa Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥17.13B | 8.47 | ― | 4.04% | 6.15% | 17.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ¥73.70B | 14.12 | ― | 2.98% | 11.53% | 17.06% | |
56 Neutral | ¥37.18B | 17.99 | ― | 9.18% | -28.55% | ― | |
51 Neutral | ¥13.99B | 7.31 | -111.61% | ― | -0.57% | ― | |
48 Neutral | ¥81.36B | 35.50 | ― | 1.38% | -9.56% | -63.67% | |
47 Neutral | ¥188.25B | 58.58 | 5.78% | 1.49% | -6.28% | -23.60% |
* Basic Materials Sector Average
JP:3023
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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.