Asahipen Corporation (JP:4623)
:4623
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Asahipen Corporation
(4623)
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Rating:60Neutral
Price Target:
¥1,786.00
▲(3.60% Upside)
Action:Downgraded
Date:05/15/26
The score reflects steady but pressured financial performance (margin compression, rising leverage, and volatile free cash flow) combined with weak technical momentum. A low P/E and solid dividend yield provide meaningful valuation support, helping keep the overall score near the middle of the range.
Positive Factors
Stable consumer DIY demand & retail distribution
Asahipen's core business is household and DIY paints sold through retail channels, which creates recurring demand from maintenance cycles and repeat purchases. This durable business model supports predictable revenue streams and steady shelf exposure in home-improvement retail over the medium term.
Negative Factors
Margin compression since 2022
Sustained margin erosion reduces internal funding for growth, weakens returns on capital, and narrows the buffer against cost inflation. If structural input cost or pricing pressures persist, lower gross and operating margins will constrain reinvestment, dividends, and competitive flexibility over months to quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable consumer DIY demand & retail distribution
Asahipen's core business is household and DIY paints sold through retail channels, which creates recurring demand from maintenance cycles and repeat purchases. This durable business model supports predictable revenue streams and steady shelf exposure in home-improvement retail over the medium term.
Read all positive factors
Asahipen Corporation (4623) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.47B
Dividend Yield3.5%
Average Volume (3M)1.63K
Price to Earnings (P/E)9.1
Beta (1Y)0.10
Revenue Growth-1.92%
EPS Growth-2.68%
CountryJP
Employees259
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)187.71
Shares Outstanding4,500,000
10 Day Avg. Volume1,190
30 Day Avg. Volume1,633
Financial Highlights & Ratios
PEG Ratio-7.08
Price to Book (P/B)0.44
Price to Sales (P/S)0.40
P/FCF Ratio16.50
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)N/A
Revenue Forecast (FY)N/A
Asahipen Corporation Business Overview & Revenue Model
Company Description
Asahipen Corporation manufactures, imports, and sells various paints and painting supplies, and household supplies in Japan. The company offers aqueous, oil, and spray paints, as well as paint auxiliary materials; painting supplies, including brus...
How the Company Makes Money
Asahipen makes money mainly by selling its paint and home-maintenance product portfolio in Japan. Key revenue streams include: (1) Sales of household/DIY paints (e.g., interior and exterior coatings) to consumers via retail channels; (2) Sales of ...
Asahipen Corporation Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.58B | 16.82B | 17.15B | 17.11B | 17.13B | 14.22B |
| Gross Profit | 5.17B | 5.39B | 5.07B | 5.08B | 5.11B | 4.89B |
| EBITDA | 1.25B | 1.13B | 1.36B | 1.34B | 1.27B | 1.24B |
| Net Income | 706.82M | 727.74M | 701.62M | 380.49M | 653.66M | 1.00B |
Balance Sheet | ||||||
| Total Assets | 22.47B | 25.96B | 21.53B | 21.57B | 21.93B | 20.11B |
| Cash, Cash Equivalents and Short-Term Investments | 3.39B | 4.28B | 3.33B | 3.91B | 4.11B | 4.59B |
| Total Debt | 4.26B | 6.26B | 3.99B | 3.96B | 4.15B | 2.84B |
| Total Liabilities | 7.89B | 10.97B | 7.38B | 7.87B | 8.40B | 6.86B |
| Stockholders Equity | 14.57B | 14.99B | 14.15B | 13.70B | 13.53B | 13.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 403.32M | -440.84M | 536.80M | 15.19M | 1.08B |
| Operating Cash Flow | 0.00 | 1.24B | 966.60M | 841.25M | 350.67M | 1.26B |
| Investing Cash Flow | 0.00 | -912.26M | -1.21B | -316.09M | -1.41B | 135.46M |
| Financing Cash Flow | 0.00 | 616.09M | -332.07M | -733.39M | 772.60M | -569.83M |
Asahipen Corporation Technical Analysis
Positive
1724.00
Price Trends
1713.18
Negative
1710.12
Negative
1696.39
Positive
Market Momentum
-2.89
Negative
50.00
Neutral
48.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4623, the sentiment is Positive. The current price of 1724 is above the 20-day moving average (MA) of 1708.00, above the 50-day MA of 1713.18, and above the 200-day MA of 1696.39, indicating a neutral trend. The MACD of -2.89 indicates Negative momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 48.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4623.
Asahipen Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥5.65B | 9.12 | ― | 1.39% | 3.01% | 37.62% | |
74 Outperform | ¥9.00B | 9.26 | ― | 2.51% | -0.30% | 51.21% | |
71 Outperform | ¥9.45B | 7.23 | ― | 2.84% | 11.35% | -76.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥6.47B | 9.15 | ― | 3.50% | -1.92% | -2.68% | |
52 Neutral | ¥35.55B | 20.68 | ― | 3.70% | 29.30% | -82.16% | |
48 Neutral | ¥4.32B | -7.17 | ― | ― | 3.48% | -822.25% |
* Basic Materials Sector Average
JP:4623
Asahipen Corporation
1,710.00
45.73
2.75%
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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.