Asax Co., Ltd. (8772) AI Stock Analysis

• Market Cap: ¥27.47B
• Dividend Yield: 2.41%
• Average Volume (3M): 21.76K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.56
• Revenue Growth: 15.07%
• EPS Growth: 27.86%
• Country: JP
• Employees: 64
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Mortgages
• EPS (TTM): 34.35
• Shares Outstanding: 32,980,500
• 10 Day Avg. Volume: 31,360
• 30 Day Avg. Volume: 21,756
• PEG Ratio: 2.31
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 3.08
• P/FCF Ratio: -6.09
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ¥1,005.00 ▲(20.22% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

Asax Co., Ltd. receives a balanced score driven by strong financial performance and attractive valuation. However, technical indicators suggest short-term bearish momentum, and persistent negative cash flow remains a concern. The low P/E ratio and reasonable dividend yield enhance its appeal, but addressing cash flow issues is vital for sustained growth.

Positive Factors

Stable consumer-lending business model

Asax’s core business is consumer lending, generating recurring interest income and loan-related fees over loan lifecycles. This asset-yield business provides predictable revenue streams and structural cash generation potential over the medium term, supporting durability if credit quality holds.

Negative Factors

Persistent negative operating and free cash flow

Despite profitability, operating cash flow has been negative, producing persistent negative free cash flow. While FCF has improved, the ongoing cash deficit requires external funding or asset sales to sustain growth and dividends, posing a structural risk to financial flexibility if it persists.

Asax Co., Ltd. Business Overview & Revenue Model

Company Description

Asax Co., Ltd. provides real estate mortgage loans for individual and corporate customers. The company was founded in 1969 and is headquartered in Tokyo, Japan....

How the Company Makes Money

Asax’s core earnings are generated from lending activities, where it provides loans to individual customers and recognizes revenue primarily as interest income over the life of those loans. Additional revenue may include various loan-related fees ...

Read more

Asax’s core earnings are generated from lending activities, where it provides loans to individual customers and recognizes revenue primarily as interest income over the life of those loans. Additional revenue may include various loan-related fees ...

Asax Co., Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.81B	7.52B	6.75B	6.18B	5.65B	5.84B
Gross Profit	6.98B	6.83B	6.19B	5.78B	5.31B	5.54B
EBITDA	4.03B	5.32B	5.18B	4.34B	3.89B	4.15B
Net Income	3.28B	3.39B	3.29B	2.80B	2.54B	2.68B
Balance Sheet
Total Assets	118.76B	118.27B	109.55B	101.19B	83.72B	78.83B
Cash, Cash Equivalents and Short-Term Investments	6.27B	5.17B	5.47B	6.35B	3.63B	5.62B
Total Debt	67.29B	66.39B	60.55B	55.08B	40.30B	37.18B
Total Liabilities	69.71B	69.22B	63.22B	57.56B	42.29B	39.35B
Stockholders Equity	49.05B	49.05B	46.33B	43.63B	41.43B	39.48B
Cash Flow
Free Cash Flow	0.00	-3.80B	-3.68B	-11.44B	-3.74B	2.99B
Operating Cash Flow	0.00	-3.74B	-3.64B	-11.42B	-3.72B	3.01B
Investing Cash Flow	0.00	-1.71B	-2.13B	-50.98M	-799.32M	-33.45M
Financing Cash Flow	0.00	5.18B	4.88B	14.18B	2.53B	-65.50M

Asax Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 836.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8772, the sentiment is Negative. The current price of 836 is below the 20-day moving average (MA) of 862.40, below the 50-day MA of 879.23, and above the 200-day MA of 807.52, indicating a neutral trend. The MACD of -15.32 indicates Positive momentum. The RSI at 37.71 is Neutral, neither overbought nor oversold. The STOCH value of 30.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8772.

Asax Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8771	84 Outperform	¥76.93B	21.69	―	2.02%	13.52%	7.75%
7191	81 Outperform	¥24.52B	17.71	―	2.50%	16.70%	22.23%
7192	73 Outperform	¥9.60B	5.72	―	3.94%	7.06%	34.95%
7183	72 Outperform	¥3.56B	3.97	―	2.04%	12.86%	-63.06%
8772	70 Outperform	¥27.47B	6.08	―	2.41%	15.07%	27.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
7196	59 Neutral	¥7.50B	56.68	―	4.49%	5.76%	―