Aiful Corporation (8515) AI Stock Analysis

• Market Cap: €231.21B
• Dividend Yield: 0.21%
• Average Volume (3M): 1.78M
• Price to Earnings (P/E): 10.0
• Beta (1Y): 0.81
• Revenue Growth: 15.95%
• EPS Growth: 2.03%
• Country: JP
• Employees: 2,470
• Sector: Financial
• Sector Strength: 72
• Industry: Financial - Credit Services
• EPS (TTM): 8.37
• Shares Outstanding: 484,620,120
• 10 Day Avg. Volume: 2,013,450
• 30 Day Avg. Volume: 1,776,826
• 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: €478.90
• Price Target Upside: -1.05% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 71 Outperform
• Price Target: ¥475.00 ▼(-1.86% Downside)

Aiful Corporation's stock score is driven by strong technical indicators and favorable valuation metrics. The bullish momentum and undervaluation suggest potential upside. However, financial risks from high leverage and negative cash flows could impede long-term performance. Investors should consider these factors when evaluating the stock's potential.

Aiful Corporation Business Overview & Revenue Model

Company Description

Aiful Corporation engages in consumer finance and credit guarantee business in Japan. It offers unsecured, secured, and small business loans; and credit card, prepaid card, credit guarantee, debt collection, venture capital, receiving agent, corporate turnaround and restructuring, warehouse, document management, and leasing services, as well as used car and medical loans. The company also provides postpay settlement, factoring, and installment credit sales services. As of March 31, 2021, it operated a network of 20 branches. The company was formerly known as Marutaka, Inc. and changed its name to Aiful Corporation in May 1982. Aiful Corporation was founded in 1967 and is headquartered in Kyoto, Japan.

How the Company Makes Money

Aiful Corporation generates revenue primarily through interest income from its lending activities. The company offers unsecured personal loans and credit cards, which typically carry higher interest rates, contributing significantly to its income. Additionally, secured loans and small business loans also add to the revenue stream, although they usually come with lower interest rates compared to unsecured loans. Aiful's business model relies on the effective management of credit risk to ensure profitability. The company also earns fees from credit card transactions and other financial services it provides. Aiful's strategic partnerships with other financial institutions and its emphasis on customer service further bolster its revenue growth. Moreover, the company invests in digital transformation to improve its operational efficiency and expand its customer base, thereby enhancing its overall earnings potential.

Aiful Corporation Financial Statement Overview

Summary

Aiful Corporation shows strong revenue growth and a solid equity position, which are positive indicators of its financial health. However, high leverage and negative cash flows present risks that could undermine future financial stability. The company must focus on improving operational efficiencies and cash flow management to enhance its financial resilience and reduce dependency on debt.

Income Statement

Aiful Corporation has demonstrated a consistent revenue growth trend over the past five years, with a notable increase in total revenue from ¥127 billion in 2020 to ¥179 billion in 2025, indicating a strong upward trajectory. The gross profit margin has been robust, maintaining a high percentage, reflecting efficient cost management. However, the net profit margin has shown some fluctuations, and the EBIT and EBITDA margins, while generally healthy, suggest room for improvement in operational efficiency.

Balance Sheet

The company exhibits a solid equity base, as seen in the increase of stockholders' equity from ¥126 billion in 2020 to ¥218 billion in 2025. However, the debt-to-equity ratio remains a concern, rising from 3.78 in 2020 to 3.62 in 2025, indicating high leverage levels which could pose financial risk. The equity ratio has improved over the years, but the company still relies heavily on debt financing, which may affect long-term financial stability.

Cash Flow

Aiful Corporation's cash flow position is challenging, with consistent negative free cash flow over the analyzed period, highlighting potential liquidity constraints. The operating cash flow to net income ratio is negative, suggesting that the company is not converting its net income into cash efficiently. While there is significant financing cash flow, reliance on external financing to manage operations might not be sustainable in the long term.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	179.89B	163.11B	144.15B	132.09B	127.48B
Gross Profit	141.39B	155.53B	136.85B	124.86B	118.82B
EBITDA	31.52B	24.98B	27.32B	14.66B	21.57B
Net Income	22.52B	21.82B	22.34B	12.33B	18.44B
Balance Sheet
Total Assets	1.45T	1.27T	1.07T	935.64B	863.35B
Cash, Cash Equivalents and Short-Term Investments	60.61B	56.92B	45.79B	46.76B	42.65B
Total Debt	789.62B	664.90B	561.24B	480.40B	457.64B
Total Liabilities	1.23T	1.06T	890.89B	779.12B	715.66B
Stockholders Equity	217.92B	197.91B	176.07B	153.90B	145.55B
Cash Flow
Free Cash Flow	-101.06B	-84.31B	-75.08B	-19.15B	15.67B
Operating Cash Flow	-82.87B	-74.21B	-70.59B	-15.63B	20.28B
Investing Cash Flow	-35.10B	-12.76B	-8.95B	-2.22B	-9.27B
Financing Cash Flow	119.82B	100.93B	78.20B	21.03B	-18.81B

Aiful Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 484.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8515, the sentiment is Positive. The current price of 484 is above the 20-day moving average (MA) of 461.00, above the 50-day MA of 437.72, and above the 200-day MA of 367.83, indicating a bullish trend. The MACD of 12.22 indicates Negative momentum. The RSI at 73.77 is Negative, neither overbought nor oversold. The STOCH value of 67.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8515.

Aiful Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8515	71 Outperform	€231.21B	10.04	11.42%	0.21%	15.95%	2.03%
Sector *	68 Neutral	$17.86B	12.02	10.33%	3.75%	9.68%	0.49%
AK5	―	€4.32B	13.32	8.40%	―	―	―
AEOJF	―	$2.18B	19.95	3.09%	4.42%	―	―
CSASF	―	$4.07B	9.54	9.55%	3.58%	―	―
JSE	―	€900.93M	15.16	7.25%	―	―	―
8584	75 Outperform	¥148.95B	8.78		4.19%	2.95%	-23.15%

Aiful Corporation Corporate Events

Aiful Completes Treasury Share Disposal for Compensation

Aiful Corporation has completed the payment procedures for the disposal of 166,261 treasury shares as restricted stock compensation, as resolved in their Board of Directors meeting on June 30, 2025. This move involves a total value of ¥70,162,142 and is aimed at compensating directors and executive officers, potentially impacting the company’s financial structure and stakeholder interests.

The most recent analyst rating on (JP:8515) stock is a Buy with a Yen480.00 price target. To see the full list of analyst forecasts on Aiful Corporation stock, see the JP:8515 Stock Forecast page.

Aiful Corporation Announces Disposal of Treasury Shares for Stock Compensation

Aiful Corporation has announced the disposal of 166,261 treasury shares as part of a restricted stock compensation plan aimed at incentivizing directors and executive officers to enhance corporate value and align with shareholder interests. This move is expected to strengthen the company’s operational focus and foster long-term value sharing with stakeholders.

The most recent analyst rating on (JP:8515) stock is a Buy with a Yen480.00 price target. To see the full list of analyst forecasts on Aiful Corporation stock, see the JP:8515 Stock Forecast page.

Aiful Corporation Proposes Amendments to Articles of Incorporation

Aiful Corporation announced proposed amendments to its Articles of Incorporation during a Board of Directors meeting. The key changes include the removal of the record date for voting rights at the Annual General Meeting of Shareholders, contingent on the approval of a share transfer plan, and adjustments to strengthen the management structure by revising the appointment process for directors. These amendments aim to streamline administrative procedures and enhance the company’s governance framework.

The most recent analyst rating on (JP:8515) stock is a Buy with a Yen490.00 price target. To see the full list of analyst forecasts on Aiful Corporation stock, see the JP:8515 Stock Forecast page.

AIFUL Corporation to Transition to Holding Company Structure

AIFUL Corporation announced its decision to transition to a holding company structure by establishing Muninova Holdings Inc. through a sole share transfer, effective April 1, 2026. This strategic move aims to strengthen group governance, diversify operations through M&A, and enhance competitiveness by reducing reliance on core businesses. The transition will result in AIFUL becoming a wholly owned subsidiary, with plans for the new holding company to list on the Tokyo Stock Exchange’s Prime Market.

The most recent analyst rating on (JP:8515) stock is a Buy with a Yen490.00 price target. To see the full list of analyst forecasts on Aiful Corporation stock, see the JP:8515 Stock Forecast page.

AIFUL Corporation Reports Strong Fiscal Year 2025 Results and Strategic M&A Activity

AIFUL Corporation reported a strong financial performance for the fiscal year ending March 31, 2025, with significant increases in operating revenue and profit. The company also announced changes in its scope of consolidation due to mergers and acquisitions, impacting its financial positioning and market strategy.