6899
ASTI CORPORATION
ASTI株式会社
Technology · Electronic Components
Asti Corporation engages in the manufacture and sale of electrical equipment for cars in Japan. The company offers automotive electrical components, including air conditioner panels, car radios, and corner sensors for four wheeled vehicles; grip heaters and pilot lamps for two wheeled vehicles; and controllers and switch boxes for electric vehicles. It also provides home and industrial electronics, such as display and electric control boards for automatic washing machines, and dish washers; controllers for industrial robots; and rice and wheat dryer controllers. In addition, the company offers wire harnesses for boats, two-wheeled and four-wheeled vehicles, and racing cars. Further, it provides power electronic products comprising e-mobility power boards for chargers and e-mobility DC/DC converters, as well as medical devices. The company was formerly known as Taiheiyou ASTI Corp. and changed its name to Asti Corporation in January 1992. Asti Corporation was incorporated in 1963 and is headquartered in Hamamatsu, Japan.
Read more
← Companies
⚠ TSE Capital Mandate
P / Book
0.28×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥62.4B
¥65.4B
¥63.6B
¥64.9B
¥58.8B
Cost of Sales
¥55.9B
¥59.1B
¥56.4B
¥58.5B
¥54.4B
Gross Profit
¥6.5B
¥6.4B
¥7.2B
¥6.4B
¥4.4B
SG&A
¥5.1B
¥4.9B
¥4.9B
¥4.5B
¥4.1B
Operating Income
¥1.3B
¥1.5B
¥2.2B
¥1.9B
¥281M
Non-Operating Income
¥219M
¥326M
¥1.1B
¥409M
¥695M
Dividend Income
—
¥18M
¥16M
¥14M
¥14M
Interest Income
—
¥61M
¥79M
¥27M
¥31M
Non-Operating Expenses
—
¥260M
¥224M
¥208M
¥135M
Interest Expense
—
¥96M
¥142M
¥116M
¥78M
Ordinary Income
¥1.3B
¥1.6B
¥3.1B
¥2.1B
¥841M
Pre-tax Income
¥1.1B
¥1.3B
¥3.4B
¥2.1B
¥863M
Income Taxes
¥342M
¥704M
¥660M
¥563M
¥156M
Current Tax
—
¥659M
¥697M
¥665M
¥304M
Deferred Tax
—
¥46M
¥-37M
¥-103M
¥-148M
Net Income (owners)
¥713M
¥625M
¥2.7B
¥1.5B
¥703M
Minority Interest
—
¥8M
¥14M
¥-2M
¥4M
Comprehensive Income
—
¥734M
¥3.5B
¥2.0B
¥1.6B
EBITDA
¥3.2B
¥3.5B
¥4.5B
¥3.7B
¥2.0B
EPS
¥228.01
¥199.92
¥862.25
¥483.89
¥224.85
Shares Outstanding
—
3.1M
3.1M
3.1M
3.1M
Shares Issued (total)
—
3.4M
3.4M
3.4M
3.4M
Treasury Shares
—
0.3M
0.3M
0.3M
0.3M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥45.0B
¥46.0B
¥48.0B
¥46.4B
¥42.8B
Current Assets
¥28.1B
¥29.6B
¥30.9B
¥28.9B
¥29.0B
Cash & Deposits
¥4.8B
¥4.4B
¥3.2B
¥2.8B
¥2.0B
Trade Receivables
—
¥8.8B
¥8.6B
¥8.2B
¥8.8B
Non-Current Assets
¥16.9B
¥16.4B
¥17.1B
¥17.5B
¥13.8B
PP&E
¥14.8B
¥14.2B
¥14.8B
¥15.3B
¥11.8B
Intangible Assets
—
¥855M
¥910M
¥858M
¥812M
Investment Securities
¥818M
¥703M
¥683M
¥645M
¥615M
Deferred Tax Assets
—
¥387M
¥446M
¥420M
¥321M
Total Liabilities
¥20.0B
¥21.5B
¥23.7B
¥25.3B
¥23.5B
Current Liabilities
¥11.4B
¥12.0B
¥14.1B
¥14.9B
¥15.4B
Accounts Payable
—
¥4.9B
¥5.1B
¥5.0B
¥5.1B
ST Debt
¥3.8B
¥4.4B
¥6.4B
¥6.8B
¥8.0B
Taxes Payable
—
¥170M
¥193M
¥541M
¥197M
Non-Current Liabilities
¥8.6B
¥9.4B
¥9.6B
¥10.3B
¥8.1B
Total LT Borrowings
¥8.0B
¥9.0B
¥9.2B
¥10.0B
¥7.8B
Pension Obligations
—
¥191M
¥161M
¥126M
¥108M
Deferred Tax Liab.
—
¥53M
¥34M
¥16M
¥6M
Total Equity
¥25.0B
¥24.6B
¥24.3B
¥21.1B
¥19.3B
Capital Stock
—
¥2.5B
¥2.5B
¥2.5B
¥2.5B
Capital Surplus
—
¥2.6B
¥2.6B
¥2.6B
¥2.6B
Retained Earnings
¥17.7B
¥17.4B
¥17.2B
¥14.8B
¥13.4B
Treasury Stock
—
¥-419M
¥-419M
¥-418M
¥-417M
AOCI
—
¥2.5B
¥2.4B
¥1.6B
¥1.2B
Equity (owners)
¥22.4B
¥22.1B
¥21.9B
¥19.5B
¥18.1B
Minority Interests
—
¥40M
¥33M
¥17M
¥19M
Total Interest-Bearing Debt ⓘ
¥11.8B
¥13.4B
¥15.7B
¥16.9B
¥15.8B
Net Cash ⓘ
¥-7.0B
¥-9.0B
¥-12.5B
¥-14.0B
¥-13.8B
NCAV ⓘ
¥8.1B
¥8.1B
¥7.2B
¥3.6B
¥5.5B
NCAV/Share
—
¥2,602
¥2,312
¥1,157
¥1,763
BV/Share
—
¥7,056
¥7,006
¥6,234
¥5,790
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥4.2B
¥5.6B
¥3.2B
¥4.9B
¥-4.8B
Interest Paid
—
¥-98M
¥-142M
¥-118M
¥-77M
Interest Received
—
¥79M
¥95M
¥42M
¥44M
D&A
¥1.9B
¥2.0B
¥2.3B
¥1.8B
¥1.7B
Investing CF
¥-2.5B
¥-1.5B
¥-2.0B
¥-5.0B
¥-1.4B
CapEx
¥2.5B
¥1.7B
¥1.8B
¥4.7B
¥1.5B
Proceeds from Invest.
—
¥5M
—
¥1M
¥51M
Financing CF
¥-2.1B
¥-2.7B
¥-1.6B
¥891M
¥5.7B
Dividends Paid
—
¥-469M
¥-281M
¥-125M
¥-219M
Share Buybacks
—
¥-0M
¥-1M
¥-0M
¥-0M
LT Debt Repaid
—
¥-2.2B
¥-2.7B
¥-1.7B
¥-1.2B
Free Cash Flow
¥1.7B
¥3.9B
¥1.5B
¥175M
¥-6.2B
Net Change in Cash
—
¥1.5B
¥-58M
¥873M
¥-229M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.9%
2.6%
11.9%
7.5%
3.8%
ROA
1.6%
1.3%
5.7%
3.4%
1.6%
EPS
¥228.01
¥199.92
¥862.25
¥483.89
¥224.85
DPS
¥0.00
¥110.00
¥150.00
¥90.00
¥40.00
BPS
¥7,995.11
¥7,852.00
¥7,769.43
¥6,745.65
¥6,159.92
FCF/Share
—
¥1,249
¥469
¥56
¥-1,986
NCAV/Share
—
¥2,602
¥2,312
¥1,157
¥1,763
Payout Ratio
0.0%
55.0%
17.4%
18.6%
17.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 6
Date Activist Stake Event Flag Demands Source
2025-07-16
Tadashi Watanabe
7.34%
change
Passive
—
2024-04-22
FMR LLC
4.11%
-1.3%
change
Passive
—
2024-03-07
FMR LLC
5.41%
-1.19%
change
Passive
—
2024-02-07
FMR LLC
6.6%
-1.02%
change
Passive
—
2023-12-22
FMR LLC
7.62%
-1.21%
change
Passive
—
2023-11-08
FMR LLC
8.83%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 8
#
Shareholder
Shares (thou.)
% of Total
1
ASTI共栄会
235
7.55%
2
ASTI Employee Stock Ownership Plan
ASTI従業員持株会
214
6.85%
3
中島 秀樹
101
3.23%
4
The Bank of Nagoya, Ltd.
株式会社名古屋銀行
79
2.53%
5
THE SHIZUOKA BANK,LTD.
株式会社静岡銀行
72
2.30%
6
東京短資株式会社
71
2.27%
7
Nippon Life Insurance
日本生命保険相互会社
62
1.99%
8
浜松磐田信用金庫
54
1.73%
9
上田八木短資株式会社
53
1.70%
10
江熊 和浩
44
1.43%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
31.6%
-4.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
ASTI共栄会
7.54%
7.62%
7.55%
-0.07%
ASTI Employee Stock Ownership Plan
ASTI従業員持株会
6.78%
6.64%
6.85%
+0.21%
中島 秀樹
NEW ENTRY
—
—
—
3.23%
NEW
The Bank of Nagoya, Ltd.
式会社名古屋銀行
2.53%
2.53%
2.53%
THE SHIZUOKA BANK,LTD.
式会社静岡銀行
2.30%
2.30%
2.30%
東京短資
—
2.37%
2.27%
-0.10%
Nippon Life Insurance
日本生命保険
1.99%
1.99%
1.99%
浜松磐田信用金庫
NEW ENTRY
1.73%
—
1.73%
NEW
上田八木短資
2.52%
3.90%
1.70%
-2.20%
江熊 和浩
NEW ENTRY
—
—
—
1.43%
NEW
ビービーエイチ フオー フイデリテイ ロー プライスド ストツク フアンド(プリンシパル オール セクター サブポートフオリオ)
last seen 2024
Exited Top 10
8.26%
4.55%
—
auカブコム証券
last seen 2024
Exited Top 10
—
2.06%
—
MATSUI SECURITIES CO.,LTD.
松井証券
last seen 2024
Exited Top 10
—
1.79%
—
式会社SBI証券
last seen 2023
Exited Top 10
2.89%
—
—
DFA INTL SMALL CAP VALUE PORTFOLIO
last seen 2023
Exited Top 10
1.61%
—
—
Concentration (HHI)
ⓘ
207
167
143
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥700M
+9% since 2023
Holdings
8
1 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥700M total
FY2023
¥642M total
Book Val ¥M
Shares
Book Val ¥M
Shares
YAMAHA CORPORATION
ヤマハ㈱
189
+200.0%
↑
163,200
277
54,400
suzuki motor corporation
スズキ㈱
188
+300.0%
↑
104,000
125
26,000
Yamaha Motor Co., Ltd.
ヤマハ発動機㈱
134
+200.0%
↑
112,200
129
37,400
Panasonic Holdings Corporation
パナソニックホールディングス㈱
100
56,200
66
56,200
The Bank of Nagoya, Ltd.
㈱名古屋銀行
51
6,500
20
6,500
M
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
32
20,000
19
20,000
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
6
3,000
2
3,000
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
—
—
Resona Holdings, Inc.
㈱りそなホールディングス
—
−100%
Exit
—
3
4,100
Portfolio total
700
642
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding