Top Page
Sun Asterisk, Inc.
(4053)
Sun Asterisk, Inc. (4053) vs. iShares MSCI Japan ETF (EWJ)
Sun Asterisk, Inc. Business Overview & Revenue Model
Sun Asterisk, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.11B | 14.84B | 13.57B | 12.52B | 10.74B | 8.03B |
| Gross Profit | 6.74B | 7.19B | 6.97B | 6.54B | 5.08B | 4.06B |
| EBITDA | 1.34B | 1.15B | 1.65B | 2.31B | 1.22B | 1.64B |
| Net Income | 902.00M | 476.00M | 1.02B | 1.57B | 823.00M | 1.30B |
Balance Sheet | ||||||
| Total Assets | 13.68B | 16.11B | 13.98B | 11.86B | 9.68B | 8.40B |
| Cash, Cash Equivalents and Short-Term Investments | 9.02B | 10.56B | 9.79B | 7.95B | 6.26B | 5.73B |
| Total Debt | 1.25B | 1.78B | 1.25B | 44.00M | 279.00M | 359.35M |
| Total Liabilities | 3.81B | 5.44B | 3.68B | 2.36B | 1.94B | 1.81B |
| Stockholders Equity | 9.87B | 10.66B | 10.29B | 9.50B | 7.74B | 6.59B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.29B | 934.00M | 1.79B | 630.00M | 1.14B |
| Operating Cash Flow | 0.00 | 1.35B | 1.01B | 1.88B | 807.00M | 1.19B |
| Investing Cash Flow | 0.00 | -534.00M | -260.00M | -326.00M | -1.29B | -1.39B |
| Financing Cash Flow | 0.00 | 624.00M | 720.00M | -224.00M | -62.00M | -180.73M |
Sun Asterisk, Inc. Technical Analysis
Sun Asterisk, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥24.58B | 14.73 | ― | 0.73% | 17.86% | 21.52% | |
79 Outperform | ¥25.07B | 10.37 | ― | 3.06% | -6.49% | 4.98% | |
76 Outperform | ¥148.58B | 13.13 | ― | 2.30% | 13.82% | 37.07% | |
73 Outperform | ¥45.39B | 14.22 | 17.50% | 2.88% | 5.62% | 3.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ¥15.72B | 32.55 | ― | ― | 9.82% | -32.60% | |
39 Underperform | ¥7.44B | -2.28 | ― | ― | -29.41% | 79.74% |
Sun Asterisk, Inc. Corporate Events
Sun Asterisk reported fiscal 2025 net sales of 14.83 billion yen, up 9.3% year on year, with gross profit of 7.18 billion yen and operating profit of 1.05 billion yen, which fell 27.1% as margins were pressured by a previously unprofitable project and higher selling, general and administrative expenses. Despite this, earnings generally tracked revised forecasts, and the company completed the loss-making project in the third quarter while maintaining EBITDA growth.
Management highlighted steady progress in growth investments, particularly in AI-powered development tools that are already being deployed internally and driving an increase in client project wins. For fiscal 2026, Sun Asterisk plans to adopt IFRS and is forecasting strong growth, with revenue of 18.20 billion yen and significant gains in gross profit and operating profit under both IFRS and JGAAP, supported by planned expansion across all key service lines C&E, TPF, and INC.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen505.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. reported consolidated results for the fiscal year ended December 31, 2025 that showed net sales of ¥14,835 million, slightly below its previous forecast, while operating income of ¥1,052 million modestly exceeded expectations. However, ordinary income and net income attributable to shareholders fell short, with net profit dropping sharply to ¥476 million and earnings per share falling to ¥12.59, also down significantly from the prior year’s levels.
The company attributed the shortfall in ordinary profit mainly to foreign exchange losses stemming from the yen’s depreciation against the Vietnamese dong and a review of its shareholder benefits reserve. Net income was further pressured by the reversal of deferred tax assets after reassessing their recoverability based on current and future performance, resulting in a higher-than-planned tax burden and signaling increased earnings sensitivity to both FX volatility and tax-related adjustments for stakeholders.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen505.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has decided to voluntarily adopt International Financial Reporting Standards for its consolidated financial statements starting with the fiscal year ending December 2026, replacing Japanese GAAP. The move is aimed at enhancing international comparability of its financial information and aligning its reporting with global investor expectations.
The company plans to continue using Japanese GAAP for full-year results and filings for the fiscal year ending December 31, 2025, before transitioning to IFRS-based disclosures from the first quarter of fiscal 2026. This phased shift is expected to improve transparency for stakeholders and may strengthen Sun* Inc.’s access to global capital markets and its appeal to overseas investors.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen505.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. reported consolidated net sales of ¥14.8 billion for the year ended December 31, 2025, up 9.3% year on year, but saw profitability weaken as operating income fell 27.1% to ¥1.05 billion and net income attributable to shareholders dropped 53.5% to ¥476 million. Despite lower margins and a decline in return on equity, total assets and cash increased, the company kept its no-dividend policy, and it changed depreciation methods and accounting policies ahead of adopting IFRS in 2026, when it forecasts a strong rebound in earnings.
The company projects fiscal 2026 net sales of ¥18.2 billion and net income of ¥1.39 billion under IFRS, implying a significant recovery in profit levels and earnings per share, even though year-on-year comparison rates are not disclosed due to the accounting framework change. Sun* also expanded its consolidation scope with the addition of GlobalGear Co. Ltd. and continued share buybacks that increased treasury stock, moves that may reshape its business portfolio and capital structure as it seeks to restore growth momentum and improve shareholder returns over the medium term.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen505.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has resolved at its January 29, 2026 board meeting to issue 12,300 stock acquisition rights (stock options with consideration) to employees of the parent company and to directors and employees of its subsidiaries, representing up to 1,230,000 new common shares or about 3.14% of currently issued shares if fully exercised. The options, priced at ¥200 per right with an exercise price of ¥455 per share and subject to performance-based vesting conditions, are intended to better align employee and management incentives with shareholders, strengthen organizational cohesion, and drive medium- to long-term improvement in business performance and corporate value, with the company emphasizing that the expected dilution is reasonable and ultimately beneficial to existing shareholders.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen505.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun Asterisk, Inc. will acquire 100% of the issued and outstanding shares of MIXENSE, Inc., a firm with strong expertise in business system development, making it a consolidated subsidiary to strengthen its position in the digitalization domain. The deal is aimed at expanding the value Sun* provides in digital transformation, rapidly enhancing its human resources and organizational capabilities by adding highly skilled teams, and generating synergies through cross-selling to each company’s client base while supporting MIXENSE’s business growth via the Sun* Group’s sales and recruitment resources.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has agreed to acquire all outstanding shares of Tokyo-based Mixense Inc., a software contract development company known for business and control system development and long-standing relationships with major telecommunications carriers, in a deal valued at ¥900 million that will make Mixense a wholly owned subsidiary. By folding Mixense into the group, Sun* aims to expand its capabilities in the “digitization” segment of DX support, deepen collaboration across customer bases, and leverage mutual management resources, a move that aligns with its strategy of pursuing strategic M&A for discontinuous growth and is expected to enhance the value it offers clients while reinforcing its competitive position in the digital transformation services market.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has resolved to acquire 40% of the issued shares of BABEL Method Inc., developer of the CEFR-compliant online Japanese speaking test “Japrise” and the conversation training program “BABELMETHOD,” making it an equity-method affiliate. By combining BABEL’s Japanese language assessment and training solutions with Sun*’s overseas IT talent development and recruitment network, the company aims to build a stronger supply system of foreign IT professionals equipped with Japanese communication skills, reinforcing the competitiveness and differentiation of its Talent Platform and supporting companies’ digital transformation efforts in Japan.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has announced an expansion of its shareholder benefit program to increase the attractiveness of its shares and encourage long-term investment. The updated program introduces additional benefit points for shareholders who hold their shares for more than a year, offering a tiered points system based on the number of shares held. This initiative aims to express gratitude to shareholders and incentivize sustained investment, potentially strengthening shareholder loyalty and enhancing the company’s market position.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
Sun* Inc. has announced a capital and business alliance with KLab Inc., aiming to deepen their partnership and create synergies in the mobile online game business. This strategic move is expected to enhance business growth and maximize corporate value by integrating Sun*’s digital creative expertise with KLab’s game development capabilities.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.