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Aoyama Zaisan Networks Co 8929.T · JPY

Real Estate · Tokyo Stock Exchange · 🇯🇵 Japan

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1,240

+0.73%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2025

Revenue

¥41.78bn

FY2016FY2025

Net income

¥2.75bn

FY2016FY2025

Free cash flow

¥854.0m

FY2016FY2025

Shareholders' equity

¥11.68bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥41.78bn¥45.62bn¥36.10bn¥35.95bn¥24.21bn¥19.12bn¥19.06bn¥17.23bn¥14.56bn¥14.42bn
Gross profit¥7.88bn¥6.74bn¥6.05bn¥5.39bn¥4.01bn¥3.42bn¥3.81bn¥3.57bn¥2.91bn¥2.41bn
Research and development——¥0¥0¥0¥0¥0¥0¥0¥0
Operating income¥3.86bn¥3.51bn¥3.27bn¥2.63bn¥1.93bn¥1.30bn¥1.60bn¥1.39bn¥976.3m¥658.1m
Net income¥2.75bn¥2.43bn¥2.06bn¥1.69bn¥1.48bn¥800.9m¥1.68bn¥1.16bn¥768.6m¥587.4m
Diluted earnings per share114.26100.5184.7969.6961.0132.8269.0250.1532.8024.68

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥26.28bn¥22.39bn¥23.64bn¥21.76bn¥17.51bn¥16.00bn¥15.49bn¥12.57bn¥12.59bn¥9.26bn
Cash and short-term investments¥14.10bn¥13.08bn¥14.70bn¥12.80bn¥10.87bn¥9.43bn¥8.49bn¥4.20bn¥5.39bn¥5.35bn
Total liabilities¥14.56bn¥12.57bn¥14.05bn¥13.55bn¥10.38bn¥9.44bn¥9.10bn¥7.84bn¥8.96bn¥5.93bn
Debt¥6.21bn¥5.97bn¥8.17bn¥8.13bn¥6.59bn¥6.17bn¥5.73bn¥4.95bn¥6.35bn¥3.55bn
Shareholders' equity¥11.68bn¥9.80bn¥9.55bn¥8.30bn¥7.12bn¥6.57bn¥6.39bn¥4.52bn¥3.62bn¥3.33bn
Shares outstanding24m24m24m24m24m24m24m23m23m24m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥903.0m¥6.66bn¥2.49bn¥2.22bn¥2.39bn¥1.94bn¥2.30bn¥272.9m−¥1.28bn¥1.18bn
Capital spending−¥49.0m−¥48.0m−¥30.0m−¥126.0m−¥219.0m−¥471.0m−¥219.1m−¥26.3m−¥113.2m−¥22.9m
Free cash flow¥854.0m¥6.61bn¥2.46bn¥2.09bn¥2.17bn¥1.47bn¥2.08bn¥246.6m−¥1.39bn¥1.15bn
Dividends paid−¥1.15bn−¥1.07bn−¥896.0m−¥726.0m−¥664.3m−¥641.1m−¥490.4m−¥375.1m−¥302.2m−¥247.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥5.14bn¥7.58bn¥7.67bn¥11.96bn¥10.64bn¥11.51bn¥13.71bn¥10.91bn
Gross profit¥1.79bn¥1.83bn¥1.51bn¥2.41bn¥2.24bn¥1.63bn¥2.06bn¥1.47bn
Operating income¥844.0m¥915.0m¥247.0m¥1.51bn¥1.34bn¥760.0m¥1.09bn¥671.0m
Net income¥559.0m¥581.0m¥338.0m¥1.16bn¥855.0m¥398.0m¥738.0m¥477.0m
Diluted earnings per share23.2724.1914.0448.1635.5316.5430.5519.75
Total assets¥30.84bn¥30.05bn¥26.28bn¥24.74bn¥28.41bn¥27.45bn¥22.39bn¥21.00bn
Cash and short-term investments¥15.64bn¥14.35bn¥14.10bn¥16.00bn¥13.61bn¥12.78bn¥13.08bn¥15.31bn
Debt¥9.91bn¥6.42bn¥6.21bn¥2.42bn¥11.48bn¥6.60bn¥2.20bn¥2.03bn
Shareholders' equity¥12.38bn¥11.55bn¥11.68bn¥11.26bn¥10.49bn¥9.58bn¥9.80bn¥10.28bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin18.9%14.8%16.8%15.0%16.6%17.9%——
Operating margin9.2%7.7%9.0%7.3%8.0%6.8%——
Net margin6.6%5.3%5.7%4.7%6.1%4.2%——
Return on equity23.5%24.8%21.6%20.4%20.8%12.2%——
Return on assets10.5%10.8%8.7%7.8%8.5%5.0%——
Free cash flow yield2.8%20.0%7.5%7.0%7.7%7.1%——
Revenue growth-8.4%26.4%0.4%48.5%26.6%0.3%——
Earnings growth13.3%17.7%21.8%14.4%85.0%-52.2%——
Current ratio6.38x7.02x7.35x7.34x6.62x6.84x——
Debt to equity0.53x0.61x0.86x0.98x0.92x0.94x——
Equity ratio44.5%43.8%40.4%38.1%40.7%41.0%——
Interest coverage27.96x45.55x42.42x32.88x26.08x20.33x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value0.4%0.7%-0.1%-0.1%0.5%-0.5%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.1%16.9%11.3%
Operating income13.6%24.2%23.9%
Net income17.5%28.0%18.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin16.7%16.3%16.5%17.1%
Operating margin8.4%8.3%8.1%7.6%
Net margin5.9%5.6%5.5%5.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.819.012.215.524.924.512.212.624.914.5
Price to sales0.91.00.70.71.51.01.10.81.30.6

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 29 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year23.0081.0044.0037.0030.0027.5026.5021.00
  • 2-for-1 split · 30 Aug 2021
  • 100-for-1 split · 26 Dec 2013
  • 2-for-1 split · 25 Sept 2007
  • 2-for-1 split · 26 Oct 2006
  • 2-for-1 split · 26 Oct 2005
  • 3-for-1 split · 27 Dec 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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