AZ Planning Co., Ltd. (3490) AI Stock Analysis

• Market Cap: ¥3.85B
• Dividend Yield: 1.03%
• Average Volume (3M): 14.32K
• Price to Earnings (P/E): 5.1
• Beta (1Y): 0.32
• Revenue Growth: 16.28%
• EPS Growth: 146.48%
• Country: JP
• Employees: 63
• Sector: Real Estate
• Sector Strength: 54
• Industry: Real Estate - Services
• EPS (TTM): 51.82
• Shares Outstanding: 1,316,800
• 10 Day Avg. Volume: 9,630
• 30 Day Avg. Volume: 14,320
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥3,172.00
• Price Target Upside: 8.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 79 Outperform
• Price Target: ¥3,172.00 ▲(8.41% Upside)

AZ Planning Co., Ltd. receives a strong overall stock score driven by its attractive valuation and bullish technical indicators. The company's financial performance shows potential with revenue growth and operational improvements, but high leverage and cash flow issues need attention. The absence of earnings call data and corporate events does not impact the score.

AZ Planning Co., Ltd. Business Overview & Revenue Model

Company Description

AZ Planning Co., Ltd. (3490) is a comprehensive planning and consulting firm specializing in urban development, infrastructure projects, and environmental sustainability. The company operates primarily in the urban planning and consulting sector, offering services such as strategic planning, project management, and regulatory compliance to both public and private sector clients. With a commitment to innovative and sustainable development solutions, AZ Planning Co. aims to enhance urban living and promote responsible land use.

How the Company Makes Money

AZ Planning Co., Ltd. generates revenue through a combination of consulting fees, project management contracts, and advisory services. The company's primary revenue stream comes from contracts with governmental agencies and private developers for urban planning and infrastructure projects. Additionally, AZ Planning Co. engages in partnerships with other firms and stakeholders in the construction and real estate sectors, which can lead to shared projects and increased revenue opportunities. The firm also offers workshops and training sessions in sustainable development practices, contributing to its earnings. Factors such as the growing demand for urban development and environmental consultancy services enhance the company's revenue potential.

AZ Planning Co., Ltd. Financial Statement Overview

Summary

AZ Planning Co., Ltd. exhibits strong revenue growth and improving profitability margins, with a CAGR of 17% in revenue and an improved gross profit margin of 15.6% by 2025. However, volatile net income and significant debt levels pose financial stability risks, alongside negative cash flow indicating liquidity challenges.

Income Statement

The company exhibits a strong revenue growth trajectory with a notable increase from JPY 5.51 billion in 2020 to JPY 12.43 billion in 2025, representing a compound annual growth rate (CAGR) of approximately 17%. Gross profit margin improved over the years, reaching 15.6% in 2025. However, net income has been volatile, with a net profit margin of 3.7% in 2025. EBIT and EBITDA margins have also shown improvement, indicating operational efficiency, yet the fluctuations in net income suggest underlying challenges.

Balance Sheet

The company's debt-to-equity ratio is high, indicating significant leverage, with total debt consistently exceeding equity. This is a potential risk factor. Return on equity (ROE) improved to 15.6% in 2025, reflecting better profitability. The equity ratio remains moderate due to high leverage, which poses some financial stability risks.

Cash Flow

Cash flow performance is concerning, with negative operating cash flow in recent years, indicating potential liquidity challenges. Free cash flow is also negative, suggesting that the company is not generating sufficient cash from its operations to cover capital expenditures. This is a critical area that needs attention to ensure long-term sustainability.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.43B	11.51B	9.37B	9.59B	7.54B
Gross Profit	1.94B	1.62B	1.34B	1.11B	806.65M
EBITDA	1.02B	727.07M	535.48M	422.34M	117.21M
Net Income	461.96M	620.06M	493.41M	-526.67M	10.39M
Balance Sheet
Total Assets	13.24B	9.93B	9.07B	3.99B	5.47B
Cash, Cash Equivalents and Short-Term Investments	4.37B	3.91B	3.56B	2.61B	2.38B
Total Debt	9.26B	6.71B	6.36B	2.29B	3.34B
Total Liabilities	10.28B	7.44B	7.60B	3.01B	3.96B
Stockholders Equity	2.96B	2.50B	1.47B	982.02M	1.51B
Cash Flow
Free Cash Flow	-2.02B	-256.08M	-3.64B	1.27B	1.58B
Operating Cash Flow	-2.01B	-214.51M	-3.44B	1.28B	1.58B
Investing Cash Flow	-68.81M	-564.59M	286.58M	-177.26M	-155.93M
Financing Cash Flow	2.49B	713.35M	4.05B	-1.04B	-1.33B

AZ Planning Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2926.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3490, the sentiment is Positive. The current price of 2926 is above the 20-day moving average (MA) of 2814.20, above the 50-day MA of 2566.88, and above the 200-day MA of 2429.63, indicating a bullish trend. The MACD of 98.94 indicates Negative momentum. The RSI at 78.22 is Negative, neither overbought nor oversold. The STOCH value of 84.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3490.

AZ Planning Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3490	79 Outperform	¥3.85B	5.05		1.03%	16.28%	146.48%
8836	72 Outperform	¥3.84B	437.57		―	9.74%	―
3494	71 Outperform	¥3.78B	12.92		1.10%	40.40%	130.68%
8996	66 Neutral	¥3.37B	6.60		0.60%	16.67%	69.36%
3297	61 Neutral	¥2.98B	8.74		3.50%	12.69%	61.19%
8912	60 Neutral	¥2.38B	22.86		1.86%	5.34%	0.92%
Sector *	53 Neutral	$1.23B	2.72	-2.60%	5.67%	-2.15%	-149.23%