Aucnet, Inc. (JP:3964)
:3964
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Aucnet, Inc.
(3964)
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Rating:80Outperform
Price Target:
¥1,477.00
▼(-27.85% Downside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong financial performance (profitable operations, improving scale, and a zero-debt balance sheet), supported by constructive technical momentum. Valuation is reasonable with a mid-teens P/E and a solid dividend yield, while margin compression and cash-flow variability temper the upside.
Positive Factors
Zero debt / strong balance sheet
No reported debt and rising equity give Aucnet a conservative capital structure that materially reduces solvency risk and preserves strategic optionality. Strong ROE (~17–20%) indicates efficient use of capital, enabling reinvestment or shareholder returns without reliance on external financing over the medium term.
Negative Factors
Margin compression
A multi-year decline in gross margin signals structural pressure—potentially from competitive pricing, adverse mix shifts or rising operating costs. Sustained compression reduces operating leverage, narrows the cushion for reinvestment or distributions, and makes earnings more sensitive to revenue shocks over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / strong balance sheet
No reported debt and rising equity give Aucnet a conservative capital structure that materially reduces solvency risk and preserves strategic optionality. Strong ROE (~17–20%) indicates efficient use of capital, enabling reinvestment or shareholder returns without reliance on external financing over the medium term.
Read all positive factors
Aucnet, Inc. (3964) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥115.86B
Dividend Yield2.24%
Average Volume (3M)100.10K
Price to Earnings (P/E)15.9
Beta (1Y)0.87
Revenue Growth14.72%
EPS Growth37.57%
CountryJP
Employees1,060
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)14.99
Shares Outstanding96,052,800
10 Day Avg. Volume97,160
30 Day Avg. Volume100,100
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)3.58
Price to Sales (P/S)1.47
P/FCF Ratio7.67
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)77.3
Revenue Forecast (FY)¥67.87B
Aucnet, Inc. Business Overview & Revenue Model
Company Description
Aucnet Inc. provides information distribution services for auctions. It operates through Automobile Business, Digital Product Business, and Consumer Product Business segments. The Automobile Business segment is involved in the vehicle auctions, sh...
How the Company Makes Money
Aucnet generates revenue primarily by facilitating auction transactions between sellers and buyers and charging fees tied to those transactions. Key revenue streams typically include (1) auction-related commissions or transaction fees charged to s...
Aucnet, Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| 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 | 25.57B | 26.80B | 22.04B | 17.96B | 17.20B | 16.76B |
| EBITDA | 9.90B | 10.43B | 7.88B | 7.45B | 7.48B | 6.78B |
| Net Income | 5.64B | 5.92B | 4.49B | 4.37B | 4.35B | 3.63B |
Balance Sheet | ||||||
| Total Assets | 53.54B | 50.78B | 44.37B | 37.90B | 37.62B | 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 | 18.20B | 15.59B | 14.71B | 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 | 4.80B | 4.15B | 3.92B |
| 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 | 393.93M |
| Financing Cash Flow | 0.00 | -5.56B | -4.07B | -5.10B | -4.43B | -830.42M |
Aucnet, Inc. Technical Analysis
Neutral
2047.00
Price Trends
1193.66
Positive
1105.10
Positive
999.99
Positive
Market Momentum
16.89
Positive
48.22
Neutral
39.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3964, the sentiment is Neutral. The current price of 2047 is above the 20-day moving average (MA) of 1237.17, above the 50-day MA of 1193.66, and above the 200-day MA of 999.99, indicating a neutral trend. The MACD of 16.89 indicates Positive momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 39.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3964.
Aucnet, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥40.81B | 14.03 | ― | 2.19% | 15.14% | 17.01% | |
80 Outperform | ¥115.86B | 15.95 | ― | 2.24% | 14.72% | 37.57% | |
74 Outperform | ¥35.55B | 5.26 | ― | 1.73% | 7.61% | 57.19% | |
73 Outperform | ¥3.51B | 8.90 | ― | 1.12% | 19.28% | 8.65% | |
66 Neutral | ¥33.18B | 4.74 | ― | 0.95% | 15.82% | ― | |
65 Neutral | ¥206.32B | 27.65 | ― | 0.64% | 67.76% | 110.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
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Aucnet, Inc. Corporate Events
Aucnet Discloses Stake Cut by Major Shareholder VARECS Partners
Mar 25, 2026
Aucnet Inc. announced a change in its major shareholder structure after VARECS Partners Limited filed an updated large shareholding report with the Kanto Local Finance Bureau. The filing showed that VARECS reduced its stake from 10.96% of Aucnet&#...
AUCNET Raises Medium-Term Targets After Beating 2025 Forecasts
Feb 13, 2026
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 target...
Aucnet Sets Out Full-Year 2025 Results and FY2026 Outlook
Feb 13, 2026
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 ahea...
Aucnet Revamps Board, Adding Senior Executive as New Director
Feb 13, 2026
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 Chairma...
Aucnet Announces Two-for-One Stock Split and Higher Dividend to Boost Shareholder Value
Feb 13, 2026
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 ...
Aucnet Raises Dividend Payout Target After Beating Medium-Term Goals
Feb 13, 2026
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 stron...
Aucnet Lifts Year-End Dividend and Raises Future Payout Target
Feb 13, 2026
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. Th...
Aucnet Delivers Double-Digit Profit Growth and Raises Dividend as It Restructures Group
Feb 13, 2026
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 an...
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.