Asahi Co Ltd (JP:3333)
:3333
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Asahi Co
(3333)
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Rating:71Outperform
Price Target:
¥1,534.00
▲(15.69% Upside)
Action:UpgradedDate:04/10/26
The score is driven primarily by strong financial safety (zero debt) and accelerating revenue growth, supported by constructive technical momentum with the stock trading above major moving averages. The main offsets are compressed profitability/ROE and volatile cash flow, plus limited valuation clarity due to a negative P/E despite a solid dividend yield.
Positive Factors
Zero debt / strong balance sheet
Zero reported debt materially reduces financial risk and preserves strategic optionality. With no leverage the company can fund working capital, capex, or opportunistic M&A from internal resources, supporting resilience across economic cycles and long-term capital allocation flexibility.
Negative Factors
Declining return on equity
ROE deterioration from ~14.5% to ~5.6% suggests the company’s earnings have not kept pace with rising equity, signaling lower capital efficiency. Persistently weak ROE can limit shareholder returns and indicates potential structural challenges in converting assets into profitable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / strong balance sheet
Zero reported debt materially reduces financial risk and preserves strategic optionality. With no leverage the company can fund working capital, capex, or opportunistic M&A from internal resources, supporting resilience across economic cycles and long-term capital allocation flexibility.
Read all positive factors
Asahi Co (3333) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥36.25B
Dividend Yield3.84%
Average Volume (3M)90.85K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees1,766
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-25.31
Shares Outstanding26,240,800
10 Day Avg. Volume118,050
30 Day Avg. Volume90,850
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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)94.1
Revenue Forecast (FY)¥82.20B
Asahi Co Business Overview & Revenue Model
Company Description
Asahi Co., Ltd. sells bicycles, parts, accessories, and other related products. It also offers ancillary services, such as maintenance and repair. The company owns approximately 450 stores as a large chain specialty store 'Cycle Base Asahi' in Jap...
How the Company Makes Money
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Asahi Co Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.07B | 81.37B | 81.59B | 78.08B | 74.71B | 71.40B |
| Gross Profit | 38.52B | 38.79B | 37.05B | 35.72B | 34.72B | 33.89B |
| EBITDA | 6.28B | 5.83B | 7.24B | 6.57B | 6.67B | 6.63B |
| Net Income | 2.92B | 2.27B | 3.56B | 3.11B | 3.37B | 3.54B |
Balance Sheet | ||||||
| Total Assets | 56.36B | 56.08B | 54.65B | 52.78B | 50.64B | 46.83B |
| Cash, Cash Equivalents and Short-Term Investments | 14.53B | 12.30B | 9.46B | 9.52B | 5.31B | 6.15B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 15.24B | 15.92B | 15.53B | 15.81B | 15.65B | 11.48B |
| Stockholders Equity | 41.12B | 40.16B | 39.12B | 36.96B | 34.99B | 35.35B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.41B | 1.78B | 5.71B | 35.53M | -540.55M |
| Operating Cash Flow | 0.00 | 6.30B | 4.29B | 8.58B | 2.53B | 1.59B |
| Investing Cash Flow | 0.00 | -2.15B | -3.00B | -3.05B | -2.64B | -2.41B |
| Financing Cash Flow | 0.00 | -1.31B | -1.36B | -1.32B | -734.96M | -733.82M |
Asahi Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥42.53B | 9.40 | ― | 2.19% | 17.90% | 14.14% | |
74 Outperform | ¥28.51B | 8.12 | ― | 3.77% | 7.88% | -5.92% | |
71 Outperform | ¥36.25B | -12.97 | 6.70% | 3.84% | ― | ― | |
65 Neutral | ¥214.01B | 27.65 | ― | 0.64% | 57.01% | 91.03% | |
64 Neutral | ¥33.72B | 11.19 | ― | 1.73% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥29.47B | 3.19 | ― | 0.95% | 4.14% | ― |
* Consumer Cyclical Sector Average
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Asahi Co Corporate Events
Asahi Co. Posts Higher March Sales on Strong Customer Traffic and Network Shift
Apr 3, 2026
Asahi Co., Ltd. reported that in March 2026, group-wide net sales rose 5.6% year on year, driven by a 7.2% increase in customer numbers, while sales per customer slipped modestly. Existing stores also posted higher net sales and traffic, indicatin...
Asahi Co. Tightens Capital Policy With New Dividend Framework
Apr 3, 2026
Asahi Co., Ltd. has revised its dividend policy under its VISION 2028 medium-term plan to better align management with capital costs and stock price performance, while clarifying its financial and capital strategy for sustainable growth. The compa...
Asahi Unveils “VISION 2028” to Shift From New Bicycle Sales to Circular Model
Apr 3, 2026
Asahi Co., Ltd. has unveiled its new medium-term management plan, “VISION 2028,” covering the three fiscal years from ending February 2027 to ending February 2029, as approved by its board of directors on April 3, 2026. The plan respon...
Asahi Co. Publishes Fiscal 2026 Results and 2027 Outlook
Apr 3, 2026
Asahi Co., Ltd., a TSE Prime Market-listed company, has released its explanatory materials for financial results for the fiscal year ended February 20, 2026. The materials also outline its financial outlook and planning for the fiscal year ending ...
Asahi Co. Navigates Profit Slump While Forecasting Rebound and Maintaining Stable Dividends
Apr 3, 2026
Asahi Co., Ltd. reported flat net sales of ¥81.4 billion for the fiscal year ended February 20, 2026, but saw sharp declines in profitability, with operating profit down 28.2% and net profit falling 36.2%. Despite the earnings contraction, th...
Asahi Co. Expands Bicycle Retail Alliances With Kyoto and Sendai Partners
Mar 26, 2026
Asahi Co., Ltd. has signed basic business alliance agreements with Kyoto Bicycle Sales and Hayasaka Cycle to jointly revitalize the bicycle market and improve customer convenience. The partners plan to leverage each other’s service platforms...
Asahi Strikes Strategic Bicycle Alliance With Sakai Cycle
Mar 9, 2026
Asahi Co., Ltd. has signed a basic agreement for a business alliance with Osaka-based Sakai Cycle Co., Ltd., a bicycle planning, design, manufacturing and sales specialist, to revitalize the overall bicycle market and enhance customer convenience....
Asahi Posts Modest February Sales Gain as Store Network Edges Higher
Mar 6, 2026
Asahi Co., Ltd. reported preliminary February 2026 figures showing all-store net sales up 1.6% year on year and existing-store net sales up 0.3%, with both segments benefiting from higher sales per customer despite softer customer traffic. Cumulat...
Asahi Co. Posts Slight January Sales Gain Amid Ongoing Pressure on Existing Stores
Feb 3, 2026
Asahi Co. reported its preliminary business results for January 2026, showing a modest recovery in overall store performance. For all stores, net sales rose 1.0% year on year, driven by a 1.9% increase in customer numbers despite a slight 0.9% dec...
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.