Overview
Information & Communication

Asahi Net,Inc.

ASAHINet is a Japanese Internet Service Provider (ISP) offering broadband connectivity services to individual and corporate customers, including fiber-optic (FTTH), mobile (WiMAX+5G), and MVNO (LTE/ANSIM) plans. The company operates its own backbone network to maintain high service quality at competitive pricing, and supplements connectivity with value-added services such as email, security, IP telephony, and domain hosting. ASAHINet also develops and markets 'manaba,' a proprietary cloud-based Learning Management System (LMS) widely adopted by educational institutions across Japan.

Market Cap
US$91.0M
¥14.5B
EV
US$71.7M
¥11.5B
StockUS$3.51(¥560)▲+0.54%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
4.0
x
LTM EV/EBIT
8.8
x
LTM PER
15.4
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-36.2%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$91.0M¥14.5BMarket CapUS$0.00M¥0.00B+ DebtUS$16.4M¥2.62B− CashUS$2.89M¥0.46B− Inv. Sec.US$71.7M¥11.5BEV
AI Briefing
ASAHINet runs a top-rated ISP franchise (fiber, mobile, MVNO) plus the 'manaba' LMS platform for Japanese universities, layering recurring edtech revenue onto connectivity. FY26/3 revenue US$84.5M (¥13.5B) with operating profit easing to US$11.3M (¥1.8B) (13.2% margin), down from FY25/3's US$14.4M (¥2.3B) (17.9%) despite steady top-line growth. Shareholder register features Asahi Shimbun, Mitsubishi-linked Kotsu Tsushin, and IWASAKI alongside trust banks, pointing to a concentrated, strategically-held ownership base rather than a dispersed public float.
Performance & Balance
Revenue 5Y (US$)
US$72.5M¥11.6B'22/3US$76.2M¥12.2B'23/3US$76.5M¥12.2B'24/3US$81.9M¥13.1B'25/3US$84.6M¥13.5B'26/3
EBITDA 5Y (US$)
US$16.6M¥2.65B'22/3US$17.1M¥2.74B'23/3US$17.8M¥2.85B'24/3US$20.8M¥3.32B'25/3US$19.2M¥3.06B'26/3
Net Income 5Y (US$)
US$7.86M¥1.26B'22/3US$8.05M¥1.29B'23/3US$8.07M¥1.29B'24/3US$11.0M¥1.75B'25/3US$8.10M¥1.29B'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$28.0M¥4.47B'22/3US$24.6M¥3.92B'23/3US$24.2M¥3.86B'24/3US$28.6M¥4.56B'25/3US$18.4M¥2.94B'26/3
Shareholders
Top 10 hold 47.1%
1
The Asahi Shimbun Company
8.54%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.66%
3
Hikari Tsushin KK Investment Limited Partnership
7.55%
4
IWASAKI Co., Ltd.
6.51%
5
Shinichi IWASAKI
3.68%
6
Mamoru UMEMURA
3.65%
7
Yuichi SUGIYAMA
3.61%
8
Custody Bank of Japan, Ltd. (Trust Account)
2.41%
9
Shimado Corporation
1.93%
10
Asahi Net,Inc. Employee Stock Ownership Association
1.61%
Management
7 officers
Dai KOMATSU
Representative Director, President and Executive Officer
Apr 2004 Joined Opt Inc. Jan 2009 Resigned from Opt Inc. Feb 2009 Joined the Company Jun 2016 Executive Officer, in charge of Business Development Office (currently Office of the President) Jun 2022 Senior Executive Officer Jun 2024 Director, Senior Executive Officer Apr 2026 Representative Director, President and Executive Officer (current)
1978-01-06
Satoshi MIZOKAMI
Director, Senior Executive Officer
Apr 1985 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jun 1996 Resigned from Nippon Telegraph and Telephone Corporation Jul 1996 Joined Atson Co., Ltd. (current company) Jun 2006 Director of the Company Jun 2016 Director and Executive Officer of the Company Jun 2022 Director, Senior Executive Officer of the Company (current)
1964-12-22
Toru HONDA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1991 Joined trans cosmos inc. May 2002 Resigned from trans cosmos inc. Jun 2002 Joined the Company Jun 2019 General Manager, Internal Audit Office (current) Jun 2024 Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1968-07-10
Fukuzo INOUE
Outside Director
Apr 1980 Joined Nippon Telegraph and Telephone Public Corporation (now NTT, Inc.) Jun 2009 Director, General Manager of Broadband Service Department, Consumer Business Promotion Headquarters, East Nippon Telegraph and Telephone Corporation (now NTT EAST) Jun 2012 Director, General Manager of Corporate Planning Department, NTT EAST Jun 2014 Managing Director, Head of Business Development Headquarters, NTT EAST Jun 2015 Representative Managing Director, Head of Business Development Headquarters, NTT EAST Jun 2016 Representative Executive Vice President, Head of Business Development Headquarters, NTT EAST Jun 2018 Representative Director, President, NTT EAST Jun 2021 Representative Director, President and Executive Officer, NTT EAST Jun 2022 Senior Advisor, NTT EAST (current) Mar 2025 Outside Director, Trend Micro Incorporated (current) Jun 2025 Outside Director of the Company (current)
1955-07-06
Noriko YAO
Outside Director
Apr 1993 Entered Legal Training and Research Institute of the Supreme Court of Japan Apr 1995 Registered as attorney-at-law Sep 2001 Joined Paul Hastings Janofsky & Walker LLP Oct 2002 Registered as attorney admitted in New York State, USA Oct 2002 Joined Taiyo Law Office (now Paul Hastings LLP Gaikokuho Kyodo Jigyo) Jan 2008 Partner, TMI Associates (current) Oct 2014 Audit & Supervisory Board Member, Overseas Transportation and Urban Development Business Support Organization Co., Ltd. Nov 2015 Outside Director, Meikoh Network Japan Co., Ltd. Jun 2016 Outside Audit & Supervisory Board Member, SATO Holdings Corporation (current) Jun 2019 Outside Director of the Company (current) Jun 2021 Outside Director, JGC Holdings Corporation (current) Jun 2023 Outside Director, Arata Corporation (current)
1967-08-27
Kazuma HIGUCHI
Director (Audit and Supervisory Committee Member)
Apr 2001 Entered Legal Training and Research Institute of the Supreme Court of Japan Oct 2003 Registered as attorney-at-law; joined Ohara Law Office Aug 2007 Joined Masuda, Funai, Eifert & Mitchell, ITD Oct 2007 Registered as attorney admitted in New York State, USA Oct 2008 Returned to Ohara Law Office Jun 2011 Representative Attorney, Kazuma Higuchi International Law Office (now Higuchi International Law Office, Attorney Corporation) (current) Jun 2019 Outside Audit & Supervisory Board Member of the Company Jun 2022 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2023 Outside Audit & Supervisory Board Member, OneTable Inc. (current)
1976-12-09
Tomoko MIYAISHI
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Mitsui & Co. Project Solutions, Ltd. Oct 1991 Joined Ota Showa & Co. (now EY ShinNihon LLC) Mar 1995 Registered as Certified Public Accountant Jul 2008 Opened Tomoko Miyaishi CPA Office, Representative (current) Sep 2008 Joined Sumitomo Corporation Jun 2018 Outside Audit & Supervisory Board Member, Nippon Coke & Engineering Co., Ltd. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1962-03-01
Large Shareholding Reports
Koutsushin Co., Ltd.
2026-03-12
5.01%→6.03%
Koutsushin Co., Ltd.
2026-01-22
5.01%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-12
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-06
Q2 Earnings Flash
FY ending Mar 2027
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-13
Full-Year Earnings Flash
FY ending Mar 2026
EDINET
2026-03-12
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-13
業績予想の修正
EDINET
2026-01-22
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Apr 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINETAmended
2022-09-27
Amended Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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