New Risk • Aug 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.9b market cap, or US$99.7m). Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: JP¥7.84 (vs JP¥13.74 in 1Q 2026) First quarter 2027 results: EPS: JP¥7.84 (down from JP¥13.74 in 1Q 2026). Revenue: JP¥3.40b (up 1.2% from 1Q 2026). Net income: JP¥203.0m (down 44% from 1Q 2026). Profit margin: 6.0% (down from 11% in 1Q 2026). The decrease in margin was driven by higher expenses. Declared Dividend • Jul 25
Final dividend of JP¥12.50 announced Dividend of JP¥12.50 is the same as last year. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years. New Risk • May 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2015 fiscal period end). Minor Risk Market cap is less than US$100m (JP¥15.7b market cap, or US$99.6m). Annonce • May 13
Asahi Net, Inc., Annual General Meeting, Jun 23, 2026 Asahi Net, Inc., Annual General Meeting, Jun 23, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Annonce • Feb 14
Asahi Net, Inc. Revises Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Asahi Net, Inc. revised non-consolidated earnings guidance for the Fiscal year ending March 31, 2026. For the period, the company expects net sales of JPY 13,400 million, Operating profit of JPY 1,725 million, Profit of JPY 1,217 million, and Basic earnings per share of JPY 46.74 against previous guidance of net sales of JPY 13,500 million, Operating profit of JPY 2,350 million, Profit of JPY 1,659 million, and Basic earnings per share of JPY 61.79.
Reason for the revision; As for the full-year forecasts for the fiscal year ending March 31, 2026, the Company has revised its net sales forecasts downward to JPY 13,400 million, a decrease of JPY 100 million. As of the end of December 2025, the number of FTTH connection service subscriptions increased by 19,000 IDs, compared to the end of the same period of the previous year. However, reflecting the expected temporary increase in the number of corporate customer withdrawals until the end of March 2026, the Company has revised net sales forecasts downward by JPY 100 million. Forecasts of operating profit and ordinary profit have been revised downward because cost of sales and selling, general and administrative expenses are expected to be higher than planned. Regarding cost of sales, depreciation increased due to higher capital expenditures than initially planned. In addition, cost of sales increased because some related expenses were recorded as expenses instead of capital expenditures. As to selling, general and administrative expenses, advertising expenses increased as a result of efforts to further strengthen FTTH connection service membership acquisition, which was more efficient than planned. Declared Dividend • Dec 03
Final dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Buy Or Sell Opportunity • Oct 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to JP¥715. The fair value is estimated to be JP¥595, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Buy Or Sell Opportunity • Sep 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to JP¥717. The fair value is estimated to be JP¥595, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Corporate Auditor & Outside Director Kazuma Higuchi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 03
Asahi Net, Inc. to Report Q1, 2026 Results on Aug 08, 2025 Asahi Net, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Annonce • May 09
Asahi Net, Inc., Annual General Meeting, Jun 25, 2025 Asahi Net, Inc., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • Jul 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to JP¥693. The fair value is estimated to be JP¥577, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Annonce • Mar 02
Asahi Net, Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Asahi Net, Inc. announced that they will report fiscal year 2024 results on May 09, 2024 Annonce • Dec 20
Asahi Net, Inc. to Report Q3, 2024 Results on Feb 06, 2024 Asahi Net, Inc. announced that they will report Q3, 2024 results on Feb 06, 2024 Price Target Changed • Nov 20
Price target increased by 11% to JP¥730 Up from JP¥655, the current price target is an average from 2 analysts. New target price is 19% above last closing price of JP¥615. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of JP¥45.15 for next year compared to JP¥29.20 last year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥11.50 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.7%). Annonce • Sep 01
Asahi Net, Inc. to Report Q2, 2024 Results on Nov 07, 2023 Asahi Net, Inc. announced that they will report Q2, 2024 results on Nov 07, 2023 Annonce • Jun 18
Asahi Net, Inc. to Report Q1, 2024 Results on Aug 04, 2023 Asahi Net, Inc. announced that they will report Q1, 2024 results on Aug 04, 2023 Annonce • May 12
Asahi Net, Inc., Annual General Meeting, Jun 28, 2023 Asahi Net, Inc., Annual General Meeting, Jun 28, 2023. Annonce • May 11
Asahi Net, Inc. (TSE:3834) announces an Equity Buyback for 330,000 shares, for ¥195.03 million. Asahi Net, Inc. (TSE:3834) announces a share repurchase program. Under the program, the company will repurchase 330,000 shares, representing 1.18% of the outstanding shares, at ¥591 per share for ¥195.03 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of March 31, 2023, the company had 28,007,014 shares outstanding (excluding treasury stock) and 3,992,986 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Price Target Changed • Feb 10
Price target decreased by 12% to JP¥645 Down from JP¥730, the current price target is an average from 2 analysts. New target price is 10% above last closing price of JP¥585. Stock is down 3.6% over the past year. The company posted earnings per share of JP¥29.20 last year. Annonce • Jan 07
Asahi Net, Inc. to Report Q3, 2023 Results on Feb 03, 2023 Asahi Net, Inc. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Non Executive Director Noriko Yao was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Oct 05
Asahi Net, Inc. to Report Q2, 2023 Results on Nov 04, 2022 Asahi Net, Inc. announced that they will report Q2, 2023 results on Nov 04, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.0%). Annonce • Jun 29
Asahi Net, Inc. to Report Q1, 2023 Results on Aug 04, 2022 Asahi Net, Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 Annonce • May 13
Asahi Net, Inc., Annual General Meeting, Jun 28, 2022 Asahi Net, Inc., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Non Executive Director Noriko Yao was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 08
Asahi Net, Inc. to Report Fiscal Year 2022 Results on May 11, 2022 Asahi Net, Inc. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.3%). Annonce • Oct 02
Asahi Net Launches Allot Traffic Management Solution Allot Ltd. announced that Asahi Net launched Allot’s SmartTraffic QoE solution. SmartTraffic QoE provides comprehensive network traffic analytics as well as flexible, granular and precise real-time traffic management, which will improve network Quality of Experience (QoE) for Asahi Net’s VNOs and their broadband customers. With the deployment of SmartTraffic QoE, Allot has replaced the incumbent solution, while expanding its footprint in Japan. The solution utilizes the Allot Service Gateway Tera II (SG-Tera II), an integrated platform for delivering network intelligence, traffic management, and cybersecurity protection. It addresses multiple challenges including modular scalability through its ability to handle up to 1 Tbps of network traffic in a single system and multiple Tbps in a clustered configuration. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.2%). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.3%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥810 The company is down 8.0% from its price of JP¥883 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 12% over the same period. Annonce • Jan 07
Asahi Net, Inc. to Report Q3, 2021 Results on Feb 05, 2021 Asahi Net, Inc. announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥834 The company is down 15% from its price of JP¥979 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: JP¥855 The company is down 7.0% from its price of JP¥924 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 5.0% over the same period. Annonce • Sep 25
Asahi Net, Inc. to Report Q2, 2021 Results on Nov 05, 2020 Asahi Net, Inc. announced that they will report Q2, 2021 results on Nov 05, 2020 Annonce • Jul 17
Asahi Net, Inc. to Report Q1, 2021 Results on Aug 06, 2020 Asahi Net, Inc. announced that they will report Q1, 2021 results on Aug 06, 2020 
