ASNOVA Co., Ltd. (JP:9223)
:9223
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ASNOVA Co., Ltd.
(9223)
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Rating:48Neutral
Price Target:
¥459.00
▼(-13.88% Downside)
Action:ReiteratedDate:10/28/25
ASNOVA Co., Ltd. faces significant financial challenges with high leverage and negative profitability, impacting its financial performance score. Technical analysis indicates bearish momentum, and valuation metrics suggest overvaluation concerns. These factors collectively result in a low overall stock score.
Positive Factors
Revenue Growth
Consistent double-digit top-line growth demonstrates durable demand for ASNOVA’s services and provides a foundation for margin recovery. Sustained revenue expansion supports scale economics, better asset utilization in leasing, and increases optionality for reinvestment or deleveraging over the next several quarters.
Negative Factors
High Leverage
Material leverage limits financial flexibility and amplifies downside risk. With only ~23% equity financing, interest obligations and refinancing needs can pressure liquidity during slower periods, constraining capital allocation and increasing the probability of distressed funding decisions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit top-line growth demonstrates durable demand for ASNOVA’s services and provides a foundation for margin recovery. Sustained revenue expansion supports scale economics, better asset utilization in leasing, and increases optionality for reinvestment or deleveraging over the next several quarters.
Read all positive factors
ASNOVA Co., Ltd. (9223) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.81B
Dividend Yield0.38%
Average Volume (3M)7.32K
Price to Earnings (P/E)25.8
Beta (1Y)0.38
Revenue Growth11.65%
EPS Growth-210.62%
CountryJP
Employees146
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)5.17
Shares Outstanding12,438,400
10 Day Avg. Volume4,340
30 Day Avg. Volume7,323
Financial Highlights & Ratios
PEG Ratio2.55
Price to Book (P/B)2.37
Price to Sales (P/S)1.65
P/FCF Ratio-4.70
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)49.99
Revenue Forecast (FY)¥4.89B
ASNOVA Co., Ltd. Business Overview & Revenue Model
Company Description
ASNOVA Co., Ltd. operates scaffolding rental business in Japan. The company was founded in 2013 and is headquartered in Nagoya, Japan....
How the Company Makes Money
null...
ASNOVA Co., Ltd. Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.23B | 4.27B | 3.79B | 3.14B | 2.68B | 2.24B |
| Gross Profit | 974.86M | 970.99M | 1.10B | 782.27M | 791.00M | 347.56M |
| EBITDA | 1.82B | 1.87B | 1.86B | 1.40B | 1.04B | 842.62M |
| Net Income | -114.63M | -24.77M | 210.13M | 144.33M | 204.63M | 15.91M |
Balance Sheet | ||||||
| Total Assets | 12.77B | 12.96B | 9.39B | 7.29B | 5.66B | 5.19B |
| Cash, Cash Equivalents and Short-Term Investments | 1.39B | 3.18B | 937.90M | 679.82M | 750.35M | 488.09M |
| Total Debt | 9.11B | 9.60B | 5.84B | 4.25B | 2.91B | 2.70B |
| Total Liabilities | 9.94B | 9.98B | 6.36B | 4.50B | 3.26B | 2.99B |
| Stockholders Equity | 2.83B | 2.98B | 3.03B | 2.79B | 2.40B | 2.20B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.50B | -1.38B | -1.64B | -333.50M | 682.58M |
| Operating Cash Flow | 0.00 | 1.48B | 1.73B | 918.35M | 880.83M | 821.22M |
| Investing Cash Flow | 0.00 | -2.96B | -3.11B | -2.56B | -824.11M | 40.47M |
| Financing Cash Flow | 0.00 | 3.72B | 1.64B | 1.59B | 205.53M | -887.52M |
ASNOVA Co., Ltd. Technical Analysis
Negative
533.00
Price Trends
517.34
Negative
538.65
Negative
575.04
Negative
Market Momentum
-13.57
Positive
29.96
Positive
10.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9223, the sentiment is Negative. The current price of 533 is above the 20-day moving average (MA) of 493.80, above the 50-day MA of 517.34, and below the 200-day MA of 575.04, indicating a bearish trend. The MACD of -13.57 indicates Positive momentum. The RSI at 29.96 is Positive, neither overbought nor oversold. The STOCH value of 10.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9223.
ASNOVA Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥127.66B | 9.20 | ― | 2.85% | 8.02% | 4.39% | |
76 Outperform | ¥14.64B | 7.11 | ― | 3.03% | 5.72% | 60.38% | |
72 Outperform | ¥1.04T | 10.73 | ― | 3.37% | 5.24% | 69.92% | |
64 Neutral | ¥402.44B | 11.14 | ― | 3.62% | -0.03% | -42.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | ¥5.81B | 25.76 | ― | 0.38% | 11.65% | -210.62% |
* Industrials Sector Average
JP:9223
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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.