ASIAN STAR CO.

8946 株式会社ASIAN STAR

Real Estate Services · Standard

PRICE: ¥72 · MKT CAP: ¥1.7B · P/E: 15.1x · P/B: 0.73x · DIV YIELD: 0.0%

PRICE — 5Y

Characteristics & Business Summary

Asian Star Co. engages in the planning, development and sale, holding and leasing, management, and brokerage of real estate properties in Japan. The company develops and sells detached and resort houses, manages and operates rental apartments, as well as...

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

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	2,543	2,490	2,126	3,352	4,541
Operating Profit	-3	48	53	51	196
Ordinary Profit	4	43	48	60	185
Net Profit	-22	55	41	18	113
EPS	¥-1	¥3	¥2	¥1	¥5
DPS	¥0	¥0	¥0	¥0	¥0

Balance Sheet & Valuation Highlights

Total Assets ¥4B

Net Assets (Equity) ¥2B

Equity Ratio 58.3%

ROE (Return on Equity) 5.1%

Cash & Equivalents ¥1B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. D&W INTERNATIONAL DEVELOPMENT LIMITED （常任代理人東海東京証券株式会社） 20.6%
2. KGI ASIA LIMITED-CLIENT ACCOUNT 12.1%
3. Boom Securities (H.K.) Limited-Clients'Account （常任代理人マネックス証券株式会社） 4.7%
4. トウカイトウキョウセキュリティーズアジアリミテッド（常任代理人東海東京証券株式会社） 4.3%
5. Futu Securities International (Hong Kong) Limited （常任代理人 moomoo証券株式会社） 2.6%
6. BBH/DBS BANK (HONG KONG) LIMITED A/C 005 NON US （常任代理人株式会社三井住友銀行） 2.1%
7. 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） 2.1%
8. SBI SECURITIES Co., Ltd. 1.7%
9. Rakuten Securities, Inc. 1.4%
10. 株式会社証券ジャパン 1.4%

Activist Activity

ASIAN STAR CO. 22.85%

2025-07-14 · change

ZUITING XIA 9.5%

2025-07-14 · initial_5pct

Pentagram Capital Management Co., Ltd. 9.5%

2025-07-14 · initial_5pct

ASIAN STAR CO. 21.32%

2023-08-07 · correction

ASIAN STAR CO. 21.32%

2023-08-01 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥132	¥130	¥90	¥141	¥191
FCF/Share	¥6	¥23	¥6	¥24	¥-9
EPS	¥-1	¥3	¥2	¥1	¥5
DPS	¥0	¥0	¥0	¥0	¥0
Capital Spending per share	¥0	¥1	¥0	¥0	¥0
Book Value per share	¥84	¥86	¥88	¥89	¥94
Common Shares Outstanding	19M	19M	24M	24M	24M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥3B	¥2B	¥2B	¥3B	¥5B
Operating Margin (%)	-0.1%	1.9%	2.5%	1.5%	4.3%
Net Profit (owners)	¥-0B	¥0B	¥0B	¥0B	¥0B
Net Profit Margin (%)	-0.8%	2.2%	1.9%	0.6%	2.5%
Working Capital	¥0B	¥1B	¥1B	¥1B	¥1B
Total Debt (Interest-bearing)	¥1B	¥1B	¥0B	¥0B	¥1B
Net Worth (Common Equity)	¥2B	¥2B	¥2B	¥2B	¥2B
Return on Total Assets (ROA)	-0.7%	1.8%	1.1%	0.6%	2.8%
Return on Common Equity (ROE)	-1.3%	3.3%	2.0%	0.9%	5.1%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.