Asia Air Survey Co., Ltd. logo

Asia Air Survey Co., Ltd.

9233.T

JPXIndustrialsEngineering & Construction

Latest quote

¥1,154

−¥1.00 · -0.09%

Aug 24, 2:41 PM JST

9233.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Established in Tokyo, Japan, in 1949, Asia Air Survey Co., Ltd. (formerly Asia Airlines Measurement Ltd until its 1963 rebranding) operates as a construction consultancy firm, offering aerial surveying products and services globally. Their advanced geospatial capabilities include remote sensing from space, traditional aerial photography, airborne and mobile LiDAR scanning, and unmanned aerial vehicle (UAV) surveys. The company's expertise extends beyond data collection to comprehensive data interpretation and visualization. This encompasses map creation, GIS data preparation, 3D model generation and rendering, sophisticated LiDAR data analysis, and the development of administration-support GIS, mapping, and 3DViewer systems, alongside producing distinctive red relief image maps. Asia Air Survey also provides critical consulting services in disaster management, covering erosion control, volcanic and river disaster prevention, and regional planning for resilience. Their environmental management portfolio includes initiatives for biodiversity conservation, environmental impact assessments, sustainable forest resource management, soil contamination investigations, ecological restoration support, and renewable energy development. Moreover, the firm delivers extensive infrastructure asset management solutions. These involve urban and regional planning; the design of public facilities such as roads, ports, bridges, rivers, and essential lifeline infrastructure; and advanced maintenance engineering services including investigation, diagnosis, analysis, monitoring, and structural reinforcement. They further develop specialized systems and databases for efficient facility oversight.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Hitoshi Hatakeyama
Listed since
Jan 1, 2001
Employees
1,872

Market position

Day range

Current ¥1,154

52-week range

Current ¥1,154

Open
¥1,158
Previous close
¥1,155
Volume
7.4K
0.39× average
Average volume
18.77K
Average daily volume
Market cap
21B JPY
Beta
0.37
Market reference 1
50-day average
¥1,131.4
+2.00% above average
200-day average
¥1,186.19
-2.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.56B JPY
P/E (TTM)
12.85×
P/B (TTM)
0.95×
P/S (TTM)
0.51×
EV / EBITDA
4.7×
Earnings yield
8.43%
Free cash flow yield
-3.65%
Dividend yield
4.25%

Profitability & efficiency

Gross margin
27.07%
Operating margin
6.20%
Net margin
3.94%
Return on equity
8.21%
Return on assets
4.55%
Return on invested capital
5.64%

Financial health

Debt / equity
0.01×
Current ratio
1.96×
Altman Z-score
3.52
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends30%21%11%2%Gross margin, FY2021: 26.54%Gross margin, FY2022: 27.55%Gross margin, FY2023: 26.71%Gross margin, FY2024: 27.27%Gross margin, FY2025: 27.42%Operating margin, FY2021: 7.19%Operating margin, FY2022: 7.32%Operating margin, FY2023: 7.21%Operating margin, FY2024: 7.08%Operating margin, FY2025: 6.87%Net margin, FY2021: 5.32%Net margin, FY2022: 5.13%Net margin, FY2023: 4.96%Net margin, FY2024: 4.72%Net margin, FY2025: 4.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.54%. Gross margin FY2022 27.55%. Gross margin FY2023 26.71%. Gross margin FY2024 27.27%. Gross margin FY2025 27.42%. Operating margin FY2021 7.19%. Operating margin FY2022 7.32%. Operating margin FY2023 7.21%. Operating margin FY2024 7.08%. Operating margin FY2025 6.87%. Net margin FY2021 5.32%. Net margin FY2022 5.13%. Net margin FY2023 4.96%. Net margin FY2024 4.72%. Net margin FY2025 4.34%.

Income trends

Revenue

41.59B JPY+3.28%

Operating income

2.86B JPY+0.22%

Net income

1.8B JPY-5.21%
Income trends across reported periods45.58B JPY29.63B JPY13.69B JPY−2.26B JPYRevenue, FY2021: 32.51B JPYRevenue, FY2022: 33.67B JPYRevenue, FY2023: 37.3B JPYRevenue, FY2024: 40.27B JPYRevenue, FY2025: 41.59B JPYOperating income, FY2021: 2.34B JPYOperating income, FY2022: 2.47B JPYOperating income, FY2023: 2.69B JPYOperating income, FY2024: 2.85B JPYOperating income, FY2025: 2.86B JPYNet income, FY2021: 1.73B JPYNet income, FY2022: 1.73B JPYNet income, FY2023: 1.85B JPYNet income, FY2024: 1.9B JPYNet income, FY2025: 1.8B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 32.51B JPY. Revenue FY2022 33.67B JPY. Revenue FY2023 37.3B JPY. Revenue FY2024 40.27B JPY. Revenue FY2025 41.59B JPY. Operating income FY2021 2.34B JPY. Operating income FY2022 2.47B JPY. Operating income FY2023 2.69B JPY. Operating income FY2024 2.85B JPY. Operating income FY2025 2.86B JPY. Net income FY2021 1.73B JPY. Net income FY2022 1.73B JPY. Net income FY2023 1.85B JPY. Net income FY2024 1.9B JPY. Net income FY2025 1.8B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue41.59B JPY40.27B JPY37.3B JPY33.67B JPY32.51B JPY
Cost of goods sold30.19B JPY29.29B JPY27.34B JPY24.4B JPY23.88B JPY
Gross profit11.4B JPY10.98B JPY9.97B JPY9.28B JPY8.63B JPY
Research and development411.39M JPY418.74M JPY406.18M JPY355.37M JPY369.97M JPY
Selling, general, and administrative8.14B JPY7.71B JPY6.87B JPY6.46B JPY5.92B JPY
Operating expenses8.55B JPY8.13B JPY7.28B JPY6.81B JPY6.29B JPY
Interest income3.43M JPY340K JPY81K JPY58K JPY34K JPY
Interest expense93.42M JPY117.02M JPY51.92M JPY41.02M JPY95.2M JPY
Depreciation and amortization1.8B JPY1.67B JPY1.62B JPY1.37B JPY1.21B JPY
Operating income2.86B JPY2.85B JPY2.69B JPY2.47B JPY2.34B JPY
Net income1.8B JPY1.9B JPY1.85B JPY1.73B JPY1.73B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-52.64

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates168.685.823.05-79.72Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 15, 2024: actual 3.41, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual -17.83, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 151.47, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual -62.6, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 28.07, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual -7.98, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 122.36, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual -52.64, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates16.86B13.04B9.22B5.39BQ4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 15, 2024: actual 10.02B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 8.5B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 16.07B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 6.19B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 10.83B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 8.85B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 14.78B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 7.02B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥44.00

2025 complete year+214.3% since 2021

2026 partial: ¥20.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥24.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Mar 30, 2026

¥20.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Sep 29, 2025

¥29.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 18, 2025

Dividend

Ex-dividend Mar 28, 2025

¥15.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Sep 27, 2024

¥37.00

Annual

Record Sep 30, 2024 · Payment Dec 19, 2024

Dividend

Ex-dividend Mar 28, 2024

¥7.00

Special

Record Mar 31, 2024 · Payment Jun 24, 2024

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