9223 Stock Overview

Operates scaffolding rental business in Japan. More details

9223 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 69.7% below our estimate of its fair value

Revenue grew by 18.7% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Less than 3 years of financial data is available

Does not have a meaningful market cap (¥7B)

My Notes

Capture your thoughts, links and company narrative

ASNOVA Co., Ltd. Competitors

Tomita

TSE:8147

JP¥7.6b

KimuraLtd

TSE:7461

JP¥7.4b

Naito

TSE:7624

JP¥6.7b

Sugita AceLtd

TSE:7635

JP¥6.8b

Price History & Performance

Summary of share price highs, lows and changes for ASNOVA
Historical stock prices
Current Share Price	JP¥599.00
52 Week High	JP¥648.00
52 Week Low	JP¥500.00
Beta	0.30
1 Month Change	1.35%
3 Month Change	3.28%
1 Year Change	9.01%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	268.62%

Recent updates

Additional Considerations Required While Assessing ASNOVA's (TSE:9223) Strong Earnings

May 22

Shareholder Returns

	9223	JP Trade Distributors	JP Market
7D	0.8%	1.4%	0.5%
1Y	9.0%	16.4%	13.6%

Return vs Industry: 9223 underperformed the JP Trade Distributors industry which returned 17.3% over the past year.

Return vs Market: 9223 matched the JP Market which returned 14.6% over the past year.

Price Volatility

Is 9223's price volatile compared to industry and market?
9223 volatility
9223 Average Weekly Movement	3.2%
Trade Distributors Industry Average Movement	3.1%
Market Average Movement	3.6%
10% most volatile stocks in JP Market	7.3%
10% least volatile stocks in JP Market	1.9%

Stable Share Price: 9223 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 9223's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	146	Keiji Ueda	www.asnova.co.jp

ASNOVA Co., Ltd. operates scaffolding rental business in Japan. The company was founded in 2013 and is headquartered in Nagoya, Japan.

ASNOVA Co., Ltd. Fundamentals Summary

How do ASNOVA's earnings and revenue compare to its market cap?
9223 fundamental statistics
Market cap	JP¥7.44b
Earnings (TTM)	JP¥144.00m
Revenue (TTM)	JP¥4.05b

51.7x

P/E Ratio

1.8x

P/S Ratio

Is 9223 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9223 income statement (TTM)
Revenue	JP¥4.05b
Cost of Revenue	JP¥3.02b
Gross Profit	JP¥1.03b
Other Expenses	JP¥886.00m
Earnings	JP¥144.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 14, 2025

Earnings per share (EPS)	11.58
Gross Margin	25.46%
Net Profit Margin	3.56%
Debt/Equity Ratio	254.9%

How did 9223 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

17%

Payout Ratio

Does 9223 pay a reliable dividends?

See 9223 dividend history and benchmarks

When do you need to buy 9223 by to receive an upcoming dividend?
ASNOVA dividend dates
Ex Dividend Date	Mar 28 2025
Dividend Pay Date	Jun 27 2025
Days until Ex dividend	92 days
Days until Dividend pay date	183 days

Does 9223 pay a reliable dividends?

See 9223 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 07:23
End of Day Share Price	2024/12/26 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ASNOVA Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution