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Aucnet, Inc.
(3964)
Aucnet, Inc. (3964) vs. iShares MSCI Japan ETF (EWJ)
Aucnet, Inc. Business Overview & Revenue Model
Aucnet, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.87B | 64.14B | 55.91B | 43.30B | 40.46B | 36.71B |
| Gross Profit | 25.73B | 26.80B | 22.29B | 18.08B | 17.32B | 16.90B |
| EBITDA | 9.61B | 10.43B | 7.85B | 7.68B | 7.42B | 6.89B |
| Net Income | 5.64B | 5.92B | 4.49B | 4.37B | 4.35B | 3.63B |
Balance Sheet | ||||||
| Total Assets | 53.54B | 50.78B | 44.04B | 37.66B | 37.35B | 36.82B |
| Cash, Cash Equivalents and Short-Term Investments | 23.29B | 23.10B | 16.98B | 19.57B | 20.02B | 20.62B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 28.04B | 24.16B | 17.87B | 15.35B | 14.44B | 14.12B |
| Stockholders Equity | 25.30B | 26.35B | 25.90B | 22.16B | 22.51B | 22.32B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 12.31B | 4.52B | 4.33B | 3.79B | 3.63B |
| Operating Cash Flow | 0.00 | 12.75B | 4.85B | 5.12B | 4.52B | 4.25B |
| Investing Cash Flow | 0.00 | -1.07B | -3.47B | -428.45M | 185.16M | 388.93M |
| Financing Cash Flow | 0.00 | -5.56B | -4.07B | -5.10B | -4.43B | -825.42M |
Aucnet, Inc. Technical Analysis
Aucnet, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥3.23B | 10.28 | ― | 1.12% | 24.10% | -15.55% | |
80 Outperform | ¥114.59B | 18.77 | ― | 2.24% | 22.22% | 26.29% | |
65 Neutral | ¥44.66B | 14.84 | ― | 2.19% | 17.90% | 14.14% | |
65 Neutral | ¥184.40B | 33.64 | ― | 0.64% | 57.01% | 91.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥25.71B | 12.89 | ― | 0.95% | 4.14% | ― |
Aucnet, Inc. Corporate Events
AUCNET Inc. has revised upward the financial targets in its medium-term management plan “Blue Print 2027” after outperforming its previous goals for the fiscal year ended December 31, 2025. The company achieved its original 2027 targets for EBITDA, return on equity, and dividend payout ratio two years ahead of schedule, prompting it to raise its 2027 EBITDA goal from ¥10.0 billion to ¥13.5 billion while keeping ROE at 15–20% and lifting the dividend payout ratio target from at least 40% to at least 50%.
The target period of the plan, which runs from the fiscal year ended December 31, 2025 to the fiscal year ending December 31, 2027, remains unchanged despite the stronger performance. By tightening its profitability and shareholder-return benchmarks while maintaining a long-term gross circulation value goal of ¥1 trillion, AUCNET is signaling confidence in its growth trajectory and a stronger commitment to rewarding investors within the circular economy domain.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet has released materials for its Full Year 2025 results briefing, outlining consolidated financial performance and segment-level outcomes. The disclosure signals a comprehensive review of operations and sets expectations for stakeholders ahead of the FY2026 results forecast.
The briefing agenda covers consolidated results, summaries and detailed data by segment, forecasts for the 2026 fiscal year, and selected corporate topics and references. This structured presentation suggests the company is emphasizing transparency and strategic communication around its financial health and business outlook.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet Inc. announced changes to its board of directors following a resolution at its board meeting, subject to approval at the 18th Annual General Shareholders Meeting on March 24, 2026. The company will reappoint key executives including Chairman Kiyotaka Fujisaki and President and CEO Shinichiro Fujisaki, while adding Senior Managing Executive Officer Katsuhiko Ichii as a new director, and maintaining its slate of outside directors and Audit & Supervisory Committee members.
The appointment of Ichii, who has extensive management experience at major entertainment and gaming companies such as Konami and Capcom and currently oversees multiple strategic business divisions at Aucnet, is expected to strengthen the company’s leadership in its digital and lifestyle product businesses. The board changes also include the planned resignation of Director Masayasu Takigawa after the shareholders meeting, signaling a measured refresh of governance while preserving continuity in the company’s core management and oversight structure.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet Inc. approved a two-for-one stock split of its common shares, effective April 1, 2026, doubling the number of issued shares to 96,052,800 to lower the investment unit and improve trading liquidity, particularly for individual investors. In conjunction with the split, the company will amend its Articles of Incorporation to raise its authorized share capital to 220 million shares and has increased its year-end dividend for fiscal 2025, signaling a shareholder-friendly capital policy aimed at supporting growth, capital efficiency, and medium- to long-term corporate value.
The company revised its fiscal 2025 year-end dividend to ¥36 per share, lifting the annual total to ¥58, above its prior forecast, with both ordinary and commemorative components. These moves, together with an expanded shareholder benefit program tied to the share split, are designed to broaden the investor base, enhance market appeal, and reinforce returns to existing shareholders compared with the previous fiscal year.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet Inc. has revised its dividend policy, raising its target consolidated dividend payout ratio from 40% or higher to 50% or higher, with the change applying from the dividend for the fiscal year ending December 31, 2026. The move follows stronger-than-expected performance that led the company to achieve its medium-term targets, prompting management to boost shareholder returns while maintaining strategic investments in growth areas such as M&A, new businesses, digital transformation and human capital.
According to the company, the early achievement of EBITDA, ROE and payout ratio goals under its “Blue Print 2027” medium-term plan demonstrates stable business performance and room to enhance capital efficiency. By committing to a higher and continuous dividend payout, Aucnet aims to balance improved shareholder returns with optimal cash allocation, reinforcing its long-term corporate value strategy and signaling confidence in the sustainability of its earnings.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet Inc. has approved an increase in its year-end dividend for the fiscal year ended December 31, 2025, raising the payment to ¥36 per share, including a 40th anniversary commemorative dividend, up from the previously forecast ¥33. This decision follows stronger-than-expected performance and brings total annual dividends for 2025 to ¥58 per share, significantly higher than the prior year.
The company reiterated its policy of providing stable shareholder returns while preserving internal reserves for growth, and it plans to lift its target consolidated dividend payout ratio from at least 40% to at least 50% starting in the fiscal year ending December 31, 2026. Management signaled continued strategic investment in areas such as M&A, new businesses, digital transformation, and human capital, framing the higher dividends and new payout target as part of a broader strategy to enhance long-term corporate value.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet reported strong results for the fiscal year ended December 31, 2025, with net sales rising 14.7% to ¥64.1 billion and profit attributable to owners of parent climbing 32.0% to ¥5.9 billion, supported by higher operating margins and robust operating cash flow of ¥12.7 billion. Despite an increase in total assets and a lower equity ratio, the company boosted its annual dividend to ¥58 per share on a post-split basis and plans a further share split in April 2026, signaling confidence in its earnings power.
The group continued to streamline its structure, absorbing Defactostandard into Gallery Rare, liquidating several smaller subsidiaries, and adding AUCNET ASIA-PACIFIC PTE. LTD. to its consolidation scope to sharpen its business focus. For 2026, Aucnet forecasts net sales growth of 10.7% and a 21.6% jump in profit attributable to owners of parent, implying sustained earnings expansion that could strengthen its market position and support ongoing shareholder returns, even as the payout ratio is projected to exceed 50%.
The most recent analyst rating on (JP:3964) stock is a Buy with a Yen2573.00 price target. To see the full list of analyst forecasts on Aucnet, Inc. stock, see the JP:3964 Stock Forecast page.
Aucnet Inc. announced that its Board of Directors has resolved to cancel 1.5 million treasury shares, representing 3.03% of its currently issued and outstanding common shares. Following the cancellation, scheduled for December 30, 2025, the total number of issued and outstanding shares will be reduced to 48,026,400, with 2,020,121 shares remaining as treasury stock, a move that is expected to streamline the capital structure and may enhance shareholder value by lowering the share count.
Aucnet, Inc. has announced significant organizational changes, including the establishment of new headquarters for Corporate Administration and HR, and the renaming of its Circular Commerce Business Division to Circular Commerce Business Headquarters. These changes, effective January 1, 2026, are accompanied by the appointment of new Executive Officers and personnel transfers, which are expected to streamline operations and enhance the company’s strategic focus.