GoAI
Get started
Asian Star Co. logo

Asian Star Co.

8946.T

JPXReal EstateReal Estate - Services

Open in GoAI

Latest quote

¥74.00

−¥2.00 · -2.63%

Aug 24, 3:30 PM JST

8946.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Asian Star Co. is a comprehensive real estate enterprise operating in Japan, involved in all phases of property management, from conceptualization and development to sales, acquisition, leasing, administration, and brokerage. The company constructs and markets individual family homes and resort residences, undertakes the renovation and resale of apartment units, and oversees the operation of rental housing. Furthermore, it offers intermediary services for the acquisition, disposal, and rental of both investment and residential properties, complemented by investment and consulting advisory services. Expanding its portfolio, the company also functions as an agency for non-life insurance. Established in 1979, the firm, initially known as Yoko Toshikaihatsu Co., adopted the name Asian Star Co. in April 2015 and is headquartered in Yokohama, Japan.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
JP
CEO
Tomohiko Watanabe
Listed since
Sep 9, 2005
Employees
76

Market position

Day range

Current ¥74.00

52-week range

Current ¥74.00

Open
¥76.00
Previous close
¥76.00
Volume
97.3K
0.51× average
Average volume
191.2K
Average daily volume
Market cap
1.98B JPY
Beta
0.2
Market reference 1
50-day average
¥76.50
-3.27% below average
200-day average
¥82.055
-9.82% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.43B JPY
P/E (TTM)
-23.05×
P/B (TTM)
0.83×
P/S (TTM)
0.41×
EV / EBITDA
6.12×
Earnings yield
6.19%
Free cash flow yield
-11.80%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.97%
Operating margin
4.95%
Net margin
-1.58%
Return on equity
4.81%
Return on assets
2.81%
Return on invested capital
3.62%

Financial health

Debt / equity
0.47×
Current ratio
2×
Altman Z-score
1.97
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%27%11%-5%Gross margin, FY2021: 32.00%Gross margin, FY2022: 32.97%Gross margin, FY2023: 38.59%Gross margin, FY2024: 25.26%Gross margin, FY2025: 22.70%Operating margin, FY2021: -0.12%Operating margin, FY2022: 1.94%Operating margin, FY2023: 2.51%Operating margin, FY2024: 1.53%Operating margin, FY2025: 4.31%Net margin, FY2021: -0.85%Net margin, FY2022: 2.22%Net margin, FY2023: 1.93%Net margin, FY2024: 0.55%Net margin, FY2025: 2.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 32.00%. Gross margin FY2022 32.97%. Gross margin FY2023 38.59%. Gross margin FY2024 25.26%. Gross margin FY2025 22.70%. Operating margin FY2021 -0.12%. Operating margin FY2022 1.94%. Operating margin FY2023 2.51%. Operating margin FY2024 1.53%. Operating margin FY2025 4.31%. Net margin FY2021 -0.85%. Net margin FY2022 2.22%. Net margin FY2023 1.93%. Net margin FY2024 0.55%. Net margin FY2025 2.49%.

Income trends

Revenue

4.54B JPY+35.52%

Operating income

195.77M JPY+281.41%

Net income

113.09M JPY+512.09%
Income trends across reported periods5B JPY3.17B JPY1.35B JPY−477.8M JPYRevenue, FY2021: 2.54B JPYRevenue, FY2022: 2.49B JPYRevenue, FY2023: 2.13B JPYRevenue, FY2024: 3.35B JPYRevenue, FY2025: 4.54B JPYOperating income, FY2021: −3.01M JPYOperating income, FY2022: 48.24M JPYOperating income, FY2023: 53.43M JPYOperating income, FY2024: 51.33M JPYOperating income, FY2025: 195.77M JPYNet income, FY2021: −21.52M JPYNet income, FY2022: 55.35M JPYNet income, FY2023: 40.95M JPYNet income, FY2024: 18.48M JPYNet income, FY2025: 113.09M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.54B JPY. Revenue FY2022 2.49B JPY. Revenue FY2023 2.13B JPY. Revenue FY2024 3.35B JPY. Revenue FY2025 4.54B JPY. Operating income FY2021 −3.01M JPY. Operating income FY2022 48.24M JPY. Operating income FY2023 53.43M JPY. Operating income FY2024 51.33M JPY. Operating income FY2025 195.77M JPY. Net income FY2021 −21.52M JPY. Net income FY2022 55.35M JPY. Net income FY2023 40.95M JPY. Net income FY2024 18.48M JPY. Net income FY2025 113.09M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue4.54B JPY3.35B JPY2.13B JPY2.49B JPY2.54B JPY
Cost of goods sold3.51B JPY2.5B JPY1.31B JPY1.67B JPY1.73B JPY
Gross profit1.03B JPY846.57M JPY820M JPY821.06M JPY813.98M JPY
Selling, general, and administrative210.25M JPY140.3M JPY78M JPY142.92M JPY159.53M JPY
Operating expenses834.91M JPY796M JPY767M JPY772.81M JPY816.98M JPY
Interest income6.48M JPY2.93M JPY1.79M JPY1.89M JPY4M JPY
Interest expense15.9M JPY6.19M JPY8.31M JPY12.34M JPY7.02M JPY
Depreciation and amortization53.29M JPY62.48M JPY73M JPY75.62M JPY71.79M JPY
Operating income195.77M JPY51.33M JPY53.43M JPY48.24M JPY−3.01M JPY
Net income113.09M JPY18.48M JPY40.95M JPY55.35M JPY−21.52M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-7.16

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates7.262.1-3.07-8.23Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual -1.67, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 6.19, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual -1.18, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual -1.9, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 3.5, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 4.35, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual -3.89, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 13, 2026: actual -7.16, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.91B1.4B886.68M375.7MQ4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 442M JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 1.67B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 627.35M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 844.8M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 1.27B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 1.8B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 641M JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 13, 2026: actual 1.1B JPY, estimate —, surprise —, Comparison unavailable.

8946.T peers

Mitsubishi Estate Co., Ltd. logo

8802.T

Mitsubishi Estate Co., Ltd.

¥3,716

+0.79%

Mitsui Fudosan Co., Ltd. logo

8801.T

Mitsui Fudosan Co., Ltd.

¥1,513

+1.00%

Sumitomo Realty & Development Co., Ltd. logo

8830.T

Sumitomo Realty & Development Co., Ltd.

¥3,387

+1.44%

Daiwa House Industry Co., Ltd. logo

1925.T

Daiwa House Industry Co., Ltd.

¥4,700

+0.23%

Hulic Co., Ltd. logo

3003.T

Hulic Co., Ltd.

¥1,797.5

+0.98%

Nippon Building Fund Incorporation logo

8951.T

Nippon Building Fund Incorporation

¥130,200

+1.40%

Continue in GoAI

Research 8946.T

research.disclaimer