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ASO INTERNATIONAL INC.
(9340)
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Rating:83Outperform
Price Target:
¥833.00
▲(17.16% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial performance—especially accelerated 2025 growth and a very strong, debt-free balance sheet—partly offset by longer-term margin compression and past cash-flow volatility. Technicals add moderate support with price above key moving averages and positive MACD, while valuation is also supportive due to a moderate P/E and a solid dividend yield.
Positive Factors
Revenue Growth
A large acceleration in top-line growth indicates stronger product demand or successful commercial execution versus recent years. Durable revenue expansion improves scale, supports margin recovery potential, and provides a larger base to fund R&D, capex, and shareholder returns over the next 2–6 months.
Negative Factors
Margin Compression
Persistent margin decline from prior peaks suggests structural cost pressure, pricing limits, or mix shifts reducing profitability. Even with revenue recovery, compressed margins constrain cash flow upside and signal the company may face competitive or input-cost headwinds long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A large acceleration in top-line growth indicates stronger product demand or successful commercial execution versus recent years. Durable revenue expansion improves scale, supports margin recovery potential, and provides a larger base to fund R&D, capex, and shareholder returns over the next 2–6 months.
Read all positive factors
ASO INTERNATIONAL INC. (9340) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥7.20B
Dividend Yield3.56%
Average Volume (3M)10.30K
Price to Earnings (P/E)14.4
Beta (1Y)0.73
Revenue Growth7.03%
EPS Growth5.38%
CountryJP
Employees310
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)50.83
Shares Outstanding9,862,800
10 Day Avg. Volume9,620
30 Day Avg. Volume10,296
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)2.01
Price to Sales (P/S)1.55
P/FCF Ratio13.24
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)57.1
Revenue Forecast (FY)¥4.53B
ASO INTERNATIONAL INC. Business Overview & Revenue Model
Company Description
Established in 1982 and headquartered in Tokyo, Japan, ASO International, Inc. is a key player in the orthodontics sector, providing a comprehensive array of products and services. The company develops and supplies advanced systems for teeth align...
How the Company Makes Money
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ASO INTERNATIONAL INC. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.04B | 3.80B | 3.54B | 3.19B | 3.12B | 3.06B |
| Gross Profit | 1.80B | 1.70B | 1.59B | 1.43B | 1.42B | 1.47B |
| EBITDA | 758.53M | 706.97M | 593.08M | 495.07M | 551.61M | 671.41M |
| Net Income | 497.69M | 438.58M | 386.41M | 338.16M | 351.84M | 411.15M |
Balance Sheet | ||||||
| Total Assets | 3.47B | 3.33B | 3.19B | 2.83B | 2.19B | 2.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 1.95B | 1.90B | 1.73B | 1.29B | 1.21B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 300.06M | 301.94M |
| Total Liabilities | 385.82M | 401.87M | 424.73M | 360.71M | 640.16M | 739.41M |
| Stockholders Equity | 3.08B | 2.93B | 2.76B | 2.47B | 1.55B | 1.30B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 444.17M | 386.44M | 172.24M | 197.24M | 349.50M |
| Operating Cash Flow | 0.00 | 473.34M | 437.15M | 245.72M | 246.65M | 385.09M |
| Investing Cash Flow | 0.00 | -150.41M | -179.28M | -90.61M | -67.71M | -49.74M |
| Financing Cash Flow | 0.00 | -265.35M | -93.80M | 276.62M | -104.67M | -65.21M |
ASO INTERNATIONAL INC. Technical Analysis
Positive
711.00
Price Trends
686.53
Positive
679.29
Positive
681.85
Positive
Market Momentum
8.74
Positive
58.12
Neutral
47.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9340, the sentiment is Positive. The current price of 711 is below the 20-day moving average (MA) of 711.30, above the 50-day MA of 686.53, and above the 200-day MA of 681.85, indicating a bullish trend. The MACD of 8.74 indicates Positive momentum. The RSI at 58.12 is Neutral, neither overbought nor oversold. The STOCH value of 47.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9340.
ASO INTERNATIONAL INC. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥7.20B | 14.36 | ― | 2.95% | 7.03% | 5.38% | |
74 Outperform | ¥61.12B | 14.96 | ― | 3.22% | 13.57% | 0.34% | |
71 Outperform | ¥8.24T | 31.23 | 25.12% | 1.19% | 12.65% | 32.11% | |
67 Neutral | ¥148.91B | 17.97 | 24.90% | 1.53% | 15.46% | 6.44% | |
54 Neutral | ¥132.02B | 21.87 | 6.57% | 1.78% | 3.39% | 6.84% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | ¥16.19B | 14.27 | ― | 2.65% | 2.14% | 3.96% |
* Healthcare Sector Average
JP:9340
ASO INTERNATIONAL INC.
711.00
90.79
14.64%
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ASO INTERNATIONAL INC. Corporate Events
ASO International Lifts Nine-Month Profit and Confirms Growth Outlook for FY2026
May 13, 2026
ASO International reported consolidated net sales of ¥3,057 million for the first nine months of the fiscal year ending June 30, 2026, an 8.5% year-on-year increase, with operating profit up 11.7% to ¥509 million and profit attributable ...
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.