7162
ASTMAX Co., Ltd.
アストマックス株式会社
Securities & Commodity Futures
ASTMAX Co., Ltd. engages in renewable energy and electricity trading businesses. It engages in the solar/geothermal power generation, and corporate PPA and Grid-Scale battery business activities. The company is also involved in procuring electricity through the Japan electric power exchange, supplying electricity, and offering management systems to retail electric supplier. In addition, it engages in electricity and gas retail business; and dealing business for investing its funds in futures markets. The company was founded in 1992 and is based in Shinagawa, Japan.
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⚠ TSE Capital Mandate
P / Book
0.53×
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
¥25.3B
—
—
—
—
Operating Income
¥2.6B
¥-177M
¥680M
¥-751M
¥528M
Non-Operating Income
¥34M
¥170M
¥32M
¥36M
¥15M
Dividend Income
—
¥2M
—
—
¥4M
Interest Income
—
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥140M
¥199M
¥142M
¥217M
Interest Expense
—
¥82M
¥63M
¥54M
¥58M
Ordinary Income
¥2.5B
¥-146M
¥513M
¥-858M
¥325M
Pre-tax Income
¥2.6B
¥-135M
¥500M
¥-369M
¥335M
Income Taxes
¥683M
¥10M
¥62M
¥-22M
¥206M
Current Tax
—
¥7M
¥94M
¥3M
¥177M
Deferred Tax
—
¥3M
¥-32M
¥-25M
¥29M
Net Income (owners)
¥2.0B
¥-147M
¥445M
¥-358M
¥127M
Minority Interest
—
¥2M
¥-7M
¥10M
¥1M
Comprehensive Income
—
¥-145M
¥446M
¥-361M
¥126M
EBITDA
¥3.0B
¥136M
¥956M
¥-479M
¥790M
EPS
¥150.57
¥-11.87
¥34.67
¥-27.77
¥9.90
Shares Outstanding
—
12.4M
12.4M
12.9M
12.9M
Shares Issued (total)
—
13.2M
13.2M
13.2M
13.2M
Treasury Shares
—
0.8M
0.8M
0.3M
0.3M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥21.4B
¥15.0B
¥14.3B
¥12.9B
¥13.1B
Current Assets
¥15.2B
¥8.6B
¥7.8B
¥6.6B
¥6.8B
Cash & Deposits
¥3.4B
¥2.7B
¥3.7B
¥2.9B
¥2.6B
Non-Current Assets
¥6.2B
¥6.3B
¥6.5B
¥6.4B
¥6.3B
PP&E
¥5.7B
¥5.8B
¥5.6B
¥5.6B
¥5.6B
Intangible Assets
—
¥38M
¥40M
¥41M
¥29M
Investment Securities
¥363M
¥447M
¥790M
¥634M
¥583M
Total Liabilities
¥13.4B
¥9.9B
¥8.3B
¥7.2B
¥7.0B
Current Liabilities
¥9.4B
¥5.7B
¥4.4B
¥2.1B
¥2.1B
ST Debt
¥379M
¥1.3B
¥1.3B
¥313M
¥414M
Taxes Payable
—
¥13M
¥83M
¥4M
¥99M
Non-Current Liabilities
¥4.1B
¥4.2B
¥3.9B
¥5.1B
¥4.9B
Total LT Borrowings
¥2.1B
¥2.2B
¥1.9B
¥3.0B
¥3.1B
Deferred Tax Liab.
—
¥19M
¥16M
¥48M
¥74M
Total Equity
¥7.9B
¥5.0B
¥6.0B
¥5.8B
¥6.2B
Capital Stock
—
¥2.0B
¥2.0B
¥2.0B
¥2.0B
Capital Surplus
—
¥2.7B
¥2.9B
¥2.9B
¥2.9B
Retained Earnings
¥2.4B
¥488M
¥721M
¥366M
¥763M
Treasury Stock
—
¥-202M
¥-214M
¥-80M
¥-93M
AOCI
—
¥0M
¥1M
¥-7M
¥7M
Equity (owners)
¥7.6B
¥5.0B
¥5.4B
¥5.2B
¥5.6B
Minority Interests
—
—
¥542M
¥561M
¥569M
Total Interest-Bearing Debt ⓘ
¥2.4B
¥3.5B
¥3.3B
¥3.4B
¥3.6B
Net Cash ⓘ
¥988M
¥-774M
¥416M
¥-425M
¥-902M
NCAV ⓘ
¥1.7B
¥-1.3B
¥-542M
¥-602M
¥-129M
NCAV/Share
—
¥-104
¥-44
¥-47
¥-10
BV/Share
—
¥407
¥439
¥404
¥435
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.0B
¥-58M
¥610M
¥239M
¥-443M
Interest Paid
—
¥-84M
¥-62M
¥-55M
¥-56M
Interest Received
—
¥3M
¥0M
¥0M
¥4M
D&A
¥321M
¥313M
¥276M
¥272M
¥262M
Investing CF
¥-169M
¥-30M
¥-516M
¥259M
¥-269M
CapEx
¥386M
¥404M
¥283M
¥150M
¥191M
Purchase Investments
—
¥-14M
¥-301M
¥-370M
¥-6M
Proceeds from Invest.
—
¥450M
—
¥650M
¥22M
Financing CF
¥-158M
¥-831M
¥638M
¥-212M
¥134M
Dividends Paid
—
¥-86M
¥-90M
¥-38M
¥-38M
Share Buybacks
—
—
¥-150M
—
—
LT Debt Repaid
—
¥-324M
¥-249M
¥-237M
¥-265M
Free Cash Flow
¥626M
¥-462M
¥327M
¥89M
¥-633M
Net Change in Cash
—
¥-920M
¥732M
¥287M
¥-578M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
30.2%
-2.8%
8.4%
-6.6%
2.3%
ROA
10.8%
-1.0%
3.3%
-2.7%
1.0%
EPS
¥150.57
¥-11.87
¥34.67
¥-27.77
¥9.90
DPS
¥0.00
¥7.00
¥7.00
¥7.00
¥3.00
BPS
¥575.80
¥406.62
¥439.34
¥403.28
¥435.65
FCF/Share
—
¥-37
¥26
¥7
¥-49
NCAV/Share
—
¥-104
¥-44
¥-47
¥-10
Payout Ratio
0.0%
—
20.2%
—
30.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-05-07
KEISHOU KIKAKU
14.18%
correction
Passive
—
2026-05-01
KEISHOU KIKAKU
14.18%
change
Passive
—
2025-06-18
Daiwa Securities Group Inc.
—
exit
Passive
—
2025-06-18
Hulic Property Solution Co., Ltd.
17.95%
+5.32%
change
Passive
—
2025-05-30
Daiwa Securities Group Inc.
12.63%
change
Passive
—
2025-05-30
Hulic Property Solution Co., Ltd.
12.63%
initial_5pct
Passive
—
2024-02-08
Daiwa Securities Group Inc.
12.63%
correction
Passive
—
2024-02-07
Daiwa Securities Group Inc.
12.63%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-04-30
16:30
Div Increase
¥10.5B ¥8.0/sh
+14%
Astmax announced a year-end dividend of ¥8.00 per share for FY2026 (ended March 31, 2026), an increase from ¥7.00 in the…
Summary
Astmax announced a year-end dividend of ¥8.00 per share for FY2026 (ended March 31, 2026), an increase from ¥7.00 in the prior year (+14.3%). The total dividend payout is ¥105 million from retained earnings. The company noted that the decision was made after adjusting for ¥2,473 million in power hedging timing mismatches to normalize underlying earnings.
Deadline: 2026-06-12
YoY: +14%
Source (JP)
一株当たり 8.00 円の配当とさせていただきます。前期実績(2025 年 3 月期)は 7 円 00 銭。電力ヘッジ取引に係る影響額 2,473 百万円を考慮。
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
Daiwa Securities Group Inc.
株式会社大和証券グループ本社
1,662,500
13.41%
2
有限会社啓尚企画
1,172,000
9.45%
3
牛嶋英揚
695,805
5.61%
4
山本純也
379,000
3.06%
5
白木信一郎
370,000
2.98%
6
小幡健太郎
330,675
2.67%
7
山本真紀
301,200
2.43%
8
小倉啓満
206,900
1.67%
9
本多弘明
202,205
1.63%
10
楽天証券株式会社
189,900
1.53%
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
44.4%
+0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Daiwa Securities Group Inc.
式会社大和証券グループ本社
17.52%
13.46%
13.41%
-0.05%
限会社啓尚企画
9.09%
9.49%
9.45%
-0.04%
牛嶋英揚
5.16%
5.51%
5.61%
+0.10%
山本純也
3.01%
3.14%
3.06%
-0.08%
白木信一郎
2.87%
3.00%
2.98%
-0.02%
小幡健太郎
2.51%
2.65%
2.67%
+0.02%
山本真紀
NEW ENTRY
—
—
—
2.43%
NEW
小倉啓満
1.60%
1.67%
1.67%
本多弘明
—
1.52%
1.63%
+0.11%
楽天証券
NEW ENTRY
1.43%
—
1.53%
NEW
山本美江
last seen 2024
Exited Top 10
2.10%
2.16%
—
SBI SECURITIES Co., Ltd.
式会社SBI証券
last seen 2024
Exited Top 10
—
1.42%
—
稲垣博之
last seen 2023
Exited Top 10
1.40%
—
—
Concentration (HHI)
ⓘ
451
339
340
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved