ASIRO Inc.

7378 株式会社アシロ

Personal Services · Growth

PRICE: ¥1,333 · MKT CAP: ¥9.7B · P/E: 9.5x · P/B: 4.55x · DIV YIELD: 3.2%

PRICE — 5Y

Characteristics & Business Summary

ASIRO Inc., together with its subsidiaries, operates media sites for various legal services in Japan. It operates in three segments: Media Business, HR Business, and Insurance Business. The company offers Ben-Navi, a platform that provides independent...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	1,553	2,202	3,198	4,798	6,647
Operating Profit	361	484	53	329	1,419
Ordinary Profit	—	—	—	—	—
Net Profit	229	344	-12	142	1,024
EPS	¥34	¥45	¥-2	¥20	¥140
DPS	—	¥12	¥14	¥24	¥42

Balance Sheet & Valuation Highlights

Total Assets ¥5B

Net Assets (Equity) ¥3B

Equity Ratio 65.0%

ROE (Return on Equity) 32.7%

Cash & Equivalents ¥2B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 中山博登 25.7%
2. 松田健太郎 3.1%
3. 大東特殊電線株式会社 2.6%
4. INTERACTIVE BROKERS LLC （常任代理人インタラクティブ・ブローカーズ証券株式会社） 2.4%
5. 西川晶 2.2%
6. Nomura Securities Co., Ltd. 1.7%
7. 阿部重成 1.3%
8. 山本雄太 1.3%
9. Rakuten Securities, Inc. 1.2%
10. JPMorgan Securities Japan Co., Ltd. 1.1%

Activist Activity

Asset Value Investors Limited 35.23%

2026-03-26 · change

Asset Value Investors Limited 34.15%

2026-03-19 · change

Asset Value Investors Limited 33.05%

2026-03-03 · change

Asset Value Investors Limited 32.01%

2026-02-25 · change

Asset Value Investors Limited 31.01%

2026-02-24 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥227	¥288	¥442	¥659	¥912
FCF/Share	¥43	¥59	¥-26	¥99	¥182
EPS	¥34	¥45	¥-2	¥20	¥140
DPS	—	¥12	¥14	¥24	¥42
Capital Spending per share	¥0	¥8	¥12	¥1	¥1
Book Value per share	¥325	¥342	¥307	¥313	¥430
Common Shares Outstanding	7M	8M	7M	7M	7M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥2B	¥2B	¥3B	¥5B	¥7B
Operating Margin (%)	23.2%	22.0%	1.7%	6.9%	21.4%
Net Profit (owners)	¥0B	¥0B	¥-0B	¥0B	¥1B
Net Profit Margin (%)	14.7%	15.6%	-0.4%	3.0%	15.4%
Working Capital	¥1B	¥1B	¥0B	¥1B	¥2B
Total Debt (Interest-bearing)	¥0B	¥1B	¥1B	¥0B	¥0B
Net Worth (Common Equity)	¥2B	¥3B	¥2B	¥2B	¥3B
Return on Total Assets (ROA)	8.2%	8.6%	-0.3%	3.5%	21.2%
Return on Common Equity (ROE)	10.3%	13.2%	-0.6%	6.2%	32.7%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.