Akasaka Diesels Ltd

Akasaka Diesels maintains a conservative capital structure with a debt-to-equity ratio of 0.16 and a current ratio of 2.15, indicating strong liquidity and short-term solvency. The company holds JPY 1.6 billion in cash and equivalents, representing 11.5% of total assets, and has a price-to-book ratio of 0.42, suggesting undervaluation relative to tangible asset base.

Profitability metrics show a return on equity of 2.76% and return on assets of 1.79%, both below the industry median for shipbuilders. Gross margin of 27.3% (JPY 704 million gross profit on JPY 2.58 billion revenue) is in line with sector norms, but operating margin of 13.1% (JPY 339 million operating income) reflects competitive pressures in the industrial goods segment.

The company derives 100% of revenue from disclosed operations, with no geographic diversification data available. Given the capital-intensive nature of shipbuilding, revenue concentration in a single business line increases exposure to sector-specific downturns.

Outlook data indicates flat revenue growth with a 0.5% year-over-year decline expected in the current fiscal year. Capital expenditures of JPY 179 million in the latest period suggest maintenance-level investment rather than expansion. The price-to-earnings ratio of 15.07 implies market skepticism about near-term earnings growth.

Risk assessment shows low liquidity and dilution risk, with no filing-based flags detected. The company's diluted shares outstanding remain unchanged at 1.34 million, and no recent equity issuance or ATM programs are disclosed. However, the low return on equity and asset base may pressure management to pursue capital-raising options if margins compress further.

Recent filings and transcripts show no material events in the past 90 days. The company's 10-K filing from April 2026 notes ongoing supply chain challenges and rising steel prices as operational headwinds. No earnings call transcripts or investor presentations were available in the source data.

Operating income surged 252.3% year-over-year to JPY 19.1 million, signaling a strong recovery in core profitability.

Gross profit reached JPY 1.52 billion in FY2025, the highest level in the five-year historical period.

The company maintains low dilution, liquidity, and credit risk flags, suggesting a stable financial foundation.

Long-term debt increased to JPY 1.84 billion in FY2025, continuing an upward trend from JPY 999 million in FY2021.

Revenue declined 1.1% year-over-year to JPY 7.85 billion, reflecting stagnant top-line growth in the latest fiscal year.

Net income remained flat at JPY 38.0 million, showing minimal growth despite significant operating income expansion.

Revenue ¥1.75B, −4,4% YoY; Operating income −1 222,3% YoY.

• ▍Revenue ¥1.75B, −4,4% YoY
• ▍Operating income −1 222,3% YoY
• ▍Net income −932,2% YoY
• ▍Net margin -4.5%

Revenue ¥1.94B, −12,0% YoY; Operating income +145,0% YoY.

• ▍Revenue ¥1.94B, −12,0% YoY
• ▍Operating income +145,0% YoY
• ▍Net income +154,7% YoY
• ▍Net margin 0.9%

Revenue ¥1.94B, +13,2% YoY; Operating income −89,4% YoY.

• ▍Revenue ¥1.94B, +13,2% YoY
• ▍Operating income −89,4% YoY
• ▍Net income +113,4% YoY
• ▍Net margin 6.1%

Revenue ¥2.10B, −18,6% YoY; Operating income −96,7% YoY.

• ▍Revenue ¥2.10B, −18,6% YoY
• ▍Operating income −96,7% YoY
• ▍Net income −97,2% YoY
• ▍Net margin 0.3%

Revenue ¥1.83B; Operating income -¥11.0M.

• ▍Revenue ¥1.83B
• ▍Operating income -¥11.0M
• ▍Net margin 0.5%

Revenue ¥2.21B; Operating income -¥48.2M.

• ▍Revenue ¥2.21B
• ▍Operating income -¥48.2M
• ▍Net margin -1.5%

Revenue ¥1.71B; Operating income ¥67.1M.

• ▍Revenue ¥1.71B
• ▍Operating income ¥67.1M
• ▍Net margin 3.2%

Revenue ¥2.58B; Operating income ¥338.7M.

• ▍Revenue ¥2.58B
• ▍Operating income ¥338.7M
• ▍Net margin 9.6%

Revenue ¥7.85B, −1,1% YoY; Operating income +252,3% YoY.

• ▍Revenue ¥7.85B, −1,1% YoY
• ▍Operating income +252,3% YoY
• ▍Net income +1,8% YoY
• ▍Free cash flow −80,3% YoY
• ▍Net margin 0.5%

Revenue ¥7.93B, +20,3% YoY; Operating income −111,2% YoY.

• ▍Revenue ¥7.93B, +20,3% YoY
• ▍Operating income −111,2% YoY
• ▍Net income −85,3% YoY
• ▍Free cash flow +100,3% YoY
• ▍Net margin 0.5%

Revenue ¥6.59B, +3,0% YoY; Operating income +1 403,3% YoY.

• ▍Revenue ¥6.59B, +3,0% YoY
• ▍Operating income +1 403,3% YoY
• ▍Net income +53,4% YoY
• ▍Free cash flow −26,2% YoY
• ▍Net margin 3.9%

Revenue ¥6.40B, −19,9% YoY; Operating income +96,3% YoY.

• ▍Revenue ¥6.40B, −19,9% YoY
• ▍Operating income +96,3% YoY
• ▍Net income +170,7% YoY
• ▍Free cash flow +165,2% YoY
• ▍Net margin 2.6%