ASJ Inc.

TSE:2351 Stock Report

Market Cap: JP¥2.6b

ASJ Past Earnings Performance

Past criteria checks 2/6

ASJ has been growing earnings at an average annual rate of 53%, while the IT industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 1.8% per year. ASJ's return on equity is 3.8%, and it has net margins of 4%.

Key information

53.01%

Earnings growth rate

53.03%

EPS growth rate

IT Industry Growth14.26%
Revenue growth rate1.77%
Return on equity3.77%
Net Margin3.98%
Next Earnings Update13 Nov 2026

Recent past performance updates

Recent updates

Analysis Article • Nov 25

ASJ's (TSE:2351) Profits May Not Reveal Underlying Issues

ASJ Inc.'s ( TSE:2351 ) stock didn't jump after it announced some healthy earnings. We think that investors might be...
Analysis Article • Jul 09

Improved Earnings Required Before ASJ Inc. (TSE:2351) Shares Find Their Feet

With a price-to-earnings (or "P/E") ratio of 11x ASJ Inc. ( TSE:2351 ) may be sending bullish signals at the moment...
Analysis Article • May 23

We Think That There Are Some Issues For ASJ (TSE:2351) Beyond Its Promising Earnings

ASJ Inc.'s ( TSE:2351 ) stock didn't jump after it announced some healthy earnings. Our analysis showed that there are...
Analysis Article • May 13

ASJ (TSE:2351) Is Experiencing Growth In Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article • Jan 08

ASJ Inc.'s (TSE:2351) Popularity With Investors Is Clear

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider ASJ...
Analysis Article • Aug 05

ASJ Inc.'s (TSE:2351) 34% Cheaper Price Remains In Tune With Earnings

The ASJ Inc. ( TSE:2351 ) share price has fared very poorly over the last month, falling by a substantial 34%. Instead...
Analysis Article • Apr 11

Subdued Growth No Barrier To ASJ Inc. (TSE:2351) With Shares Advancing 38%

ASJ Inc. ( TSE:2351 ) shares have had a really impressive month, gaining 38% after a shaky period beforehand. While...

Revenue & Expenses Breakdown

How ASJ makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:2351 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 262,76411084713
31 Mar 262,6618884613
31 Dec 252,76123981843
30 Sep 252,67821983043
30 Jun 252,66724384143
31 Mar 252,74124687343
31 Dec 242,76416988759
30 Sep 242,81315389659
30 Jun 242,90515390959
31 Mar 242,84611290859
31 Dec 232,7361889358
30 Sep 232,7332889158
30 Jun 232,7013387158
31 Mar 232,7536285758
31 Dec 222,731-41487753
30 Sep 222,640-45484553
30 Jun 222,556-47682753
31 Mar 222,491-48479953
31 Dec 212,458-1578047
30 Sep 212,5455777047
30 Jun 212,5285076147
31 Mar 212,5064375947
31 Dec 202,5464472542
30 Sep 202,493370242
30 Jun 202,4411468342
31 Mar 202,4822467542
31 Dec 192,512-38270337
30 Sep 192,442-42071237
30 Jun 192,398-43072537
31 Mar 192,315-43974537
31 Dec 182,204-2375236
30 Sep 182,167-1477336
30 Jun 182,225-1679236
31 Mar 182,2671878436
31 Dec 172,29028550
30 Sep 172,317138570
30 Jun 172,330178560
31 Mar 172,295-678830
31 Dec 162,194-328510
30 Sep 161,997-357950
30 Jun 161,744-437340
31 Mar 161,535226520
31 Dec 151,285-516240
30 Sep 151,240-496090

Quality Earnings: 2351 has high quality earnings.

Growing Profit Margin: 2351's current net profit margins (4%) are lower than last year (9.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2351 has become profitable over the past 5 years, growing earnings by 53% per year.

Accelerating Growth: 2351's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2351 had negative earnings growth (-54.7%) over the past year, making it difficult to compare to the IT industry average (11.9%).

Return on Equity

High ROE: 2351's Return on Equity (3.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 00:37
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 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 Github.

Analyst Sources

ASJ Inc. 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.