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Axas Holdings Co 3536.T · JPY

Consumer Discretionary · Tokyo Stock Exchange · 🇯🇵 Japan

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+5.13%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥12.63bn

FY2017FY2026

Net income

¥43.8m

FY2017FY2026

Free cash flow

−¥547.6m

FY2017FY2026

Shareholders' equity

¥2.31bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥12.63bn¥12.13bn¥11.72bn¥11.06bn¥11.33bn¥11.81bn¥12.49bn¥13.33bn¥14.48bn¥14.36bn
Gross profit¥3.19bn¥2.80bn¥2.72bn¥2.88bn¥2.96bn¥3.02bn¥3.17bn¥3.29bn¥3.54bn¥3.54bn
Operating income¥224.4m¥164.9m¥14.6m¥183.2m¥446.0m¥382.5m¥421.0m¥182.0m¥212.3m¥262.2m
Net income¥43.8m¥221.3m¥31.4m¥1.0m¥258.1m¥205.5m¥497.3m−¥42.4m¥257.6m¥182.7m
Diluted earnings per share1.457.301.030.038.516.7816.40-1.408.496.03

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥16.11bn¥15.68bn¥16.61bn¥17.65bn¥18.94bn¥18.54bn¥17.27bn¥12.16bn¥10.89bn¥11.05bn
Cash and short-term investments¥885.6m¥800.9m¥1.34bn¥797.9m¥2.38bn¥4.06bn¥3.27bn¥625.5m¥765.3m¥892.4m
Total liabilities¥13.80bn¥13.49bn¥14.58bn¥15.57bn¥16.76bn¥16.52bn¥15.40bn¥10.74bn¥9.38bn¥9.74bn
Debt¥12.31bn¥12.08bn¥13.10bn¥12.79bn¥15.25bn¥14.93bn¥13.75bn¥9.10bn¥7.85bn¥7.95bn
Shareholders' equity¥2.31bn¥2.20bn¥2.03bn¥2.08bn¥2.18bn¥2.02bn¥1.88bn¥1.41bn¥1.52bn¥1.32bn
Shares outstanding30m30m30m30m30m30m30m30m30m30m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥158.7m−¥1.19bn¥749.5m¥1.27bn−¥400.9m¥158.1m¥859.1m−¥18.9m−¥294.9m¥52.2m
Capital spending−¥706.4m−¥915.4m−¥308.2m−¥229.5m−¥1.48bn−¥795.7m−¥2.71bn−¥1.30bn−¥613.1m−¥900.8m
Free cash flow−¥547.6m−¥2.11bn¥441.3m¥1.04bn−¥1.88bn−¥637.7m−¥1.85bn−¥1.32bn−¥908.0m−¥848.5m
Dividends paid−¥60.5m−¥60.6m−¥121.2m−¥121.1m−¥90.6m−¥60.4m−¥30.2m−¥30.8m−¥60.5m−¥57.5m

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥3.10bn¥3.15bn¥3.36bn¥3.02bn¥2.88bn¥3.22bn¥3.33bn¥2.71bn
Gross profit¥778.7m¥837.7m¥767.1m¥808.0m¥730.9m¥815.2m¥780.0m¥730.7m
Operating income¥9.9m¥117.7m¥5.9m¥91.1m¥9.3m¥105.8m¥33.7m¥16.1m
Net income−¥218.9m¥283.2m−¥51.3m¥30.9m¥251.3m¥70.4m−¥49.5m−¥50.9m
Diluted earnings per share-7.229.34-1.691.028.292.32-1.63-1.68
Cash from operations————−¥1.19bn———
Capital spending————−¥915.0m———
Free cash flow————−¥2.11bn———
Total assets¥16.11bn¥16.91bn¥16.18bn¥16.09bn¥15.68bn¥18.47bn¥17.82bn¥17.59bn
Cash and short-term investments¥885.6m¥1.16bn¥991.5m¥760.7m¥800.9m¥770.7m¥856.7m¥590.1m
Debt¥9.26bn¥9.67bn¥12.24bn¥9.07bn¥12.06bn¥10.28bn¥14.36bn¥9.84bn
Shareholders' equity¥2.31bn¥2.46bn¥2.18bn¥2.18bn¥2.20bn¥1.94bn¥1.86bn¥1.92bn

Financial ratios

Data as of 20 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin25.3%23.0%23.3%26.1%26.1%25.5%
Operating margin1.8%1.4%0.1%1.7%3.9%3.2%
Net margin0.3%1.8%0.3%0.0%2.3%1.7%
Return on equity1.9%10.1%1.5%0.0%11.9%10.2%
Return on assets0.3%1.4%0.2%0.0%1.4%1.1%
Free cash flow yield4.2%-31.2%19.6%33.1%-10.5%4.1%
Revenue growth4.1%3.5%5.9%-2.3%-4.1%-5.5%
Earnings growth-80.2%605.4%2945.8%-99.6%25.6%-58.7%
Current ratio0.75x0.81x0.64x0.60x0.69x0.77x
Debt to equity4.01x5.49x6.45x6.15x7.00x7.38x
Equity ratio14.3%14.0%12.2%11.8%11.5%10.9%
Interest coverage1.23x0.99x0.13x1.86x4.64x4.28x
Buybacks as a share of market value0.0%0.0%-0.0%0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.5%1.4%-1.1%
Operating income7.0%-10.1%3.7%
Net income249.2%-26.6%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.2%24.4%24.9%24.7%
Operating margin1.6%1.2%2.0%1.9%
Net margin1.1%0.6%1.1%-0.6%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings85.117.3110.2—15.315.87.6-82.310.920.8
Price to sales0.30.30.30.40.30.30.30.30.20.3

Dividends and splits

Per share, in the currency the company pays

Paid for 10 years. Last went ex-dividend on 28 Aug 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year4.002.002.002.002.001.001.001.00

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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