Asukanet Co Ltd

Asukanet maintains a strong liquidity position, with cash and equivalents amounting to ¥1.67 billion, representing 23.5% of total assets. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure. The current ratio of 3.73 suggests the company has sufficient short-term assets to cover its liabilities. However, the company reported a net loss of ¥17.6 million for the period, and its return on equity (ROE) and return on assets (ROA) are negative at -0.29% and -0.25%, respectively.

The company's operating income of ¥11.1 million is significantly lower than its gross profit of ¥829 million, indicating high operating expenses. This is a concern given the industry's preference for metrics such as EBITDA margins and operating margin efficiency. The operating cash flow of ¥616 million is positive, but the capital expenditure of ¥385 million suggests ongoing investment in infrastructure or operations.

Asukanet's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic breakdown provided. This lack of diversification may expose the company to regional economic fluctuations. The company's revenue of ¥1.84 billion is derived from personal and household services, with no material exposure to international markets.

Looking ahead, the company's revenue is expected to remain stable, with no significant growth or contraction projected in the next fiscal year. The operating cash flow is expected to remain positive, but the net loss is likely to persist unless cost structures are optimized. The company's capital expenditure is expected to continue at a moderate level, supporting operational needs.

The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's equity base is strong, and there is no indication of near-term dilution pressure. However, the negative net income and low profitability metrics suggest operational inefficiencies that may need addressing.

Recent filings and transcripts do not indicate any material events or strategic shifts. The company's financial performance remains stable, with no significant changes in its business model or market position.

Revenue grew 9.7% year-over-year to JPY 7.26 billion in FY2025, demonstrating top-line expansion despite profitability challenges.

The company maintains a zero debt-to-equity ratio, significantly below the 0.57 median for the Personal Services cohort.

Long-term debt decreased to JPY 2.6 million in FY2025, indicating a conservative balance sheet with minimal leverage risk.

Dilution, liquidity, and credit risks are all assessed as low, suggesting a stable operational risk profile.

Gross profit remained robust at JPY 3.04 billion in FY2025, providing a buffer for potential operating cost improvements.

Net income swung to a loss of JPY 263 million in FY2025, marking a severe deterioration from prior profitability.

Free cash flow turned negative at JPY -271 million in FY2025, signaling significant cash burn and liquidity pressure.

Operating income declined to a loss of JPY 263 million in FY2025, reflecting worsening core operational efficiency.

Net margin of -0.96% places the company in the bottom quartile of the Personal Services cohort.

Revenue ¥1.95B, −4,3% YoY; Operating income −13,0% YoY.

• ▍Revenue ¥1.95B, −4,3% YoY
• ▍Operating income −13,0% YoY
• ▍Net income −13,9% YoY
• ▍Net margin 8.7%

Revenue ¥1.67B, −1,3% YoY; Operating income +15,1% YoY.

• ▍Revenue ¥1.67B, −1,3% YoY
• ▍Operating income +15,1% YoY
• ▍Net income +18,4% YoY
• ▍Net margin 1.8%

Revenue ¥1.65B, −3,7% YoY; Operating income +30,6% YoY.

• ▍Revenue ¥1.65B, −3,7% YoY
• ▍Operating income +30,6% YoY
• ▍Net income +71,2% YoY
• ▍Net margin -0.4%

Revenue ¥1.82B, −1,0% YoY; Operating income −5 252,2% YoY.

• ▍Revenue ¥1.82B, −1,0% YoY
• ▍Operating income −5 252,2% YoY
• ▍Net income −2 523,3% YoY
• ▍Net margin -25.4%

Revenue ¥2.04B; Operating income ¥290.4M.

• ▍Revenue ¥2.04B
• ▍Operating income ¥290.4M
• ▍Net margin 9.7%

Revenue ¥1.69B; Operating income ¥41.6M.

• ▍Revenue ¥1.69B
• ▍Operating income ¥41.6M
• ▍Net margin 1.5%

Revenue ¥1.71B; Operating income -¥25.7M.

• ▍Revenue ¥1.71B
• ▍Operating income -¥25.7M
• ▍Net margin -1.4%

Revenue ¥1.84B; Operating income ¥11.1M.

• ▍Revenue ¥1.84B
• ▍Operating income ¥11.1M
• ▍Net margin -1.0%

Revenue ¥7.26B, +3,2% YoY; Operating income −177,6% YoY.

• ▍Revenue ¥7.26B, +3,2% YoY
• ▍Operating income −177,6% YoY
• ▍Net income −222,7% YoY
• ▍Free cash flow −447,1% YoY
• ▍Net margin -3.6%

Revenue ¥7.04B; Operating income ¥339.6M.

• ▍Revenue ¥7.04B
• ▍Operating income ¥339.6M
• ▍Net margin 3.0%