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Overview

Electric Appliances

Asterisk Inc.

Asterisk develops and sells the 'AsReader' brand of mobile-connected readers leveraging barcode, RFID, image recognition, infrared, and sensor technologies ('Mono-recognition') to drive digital transformation across manufacturing, logistics, retail, healthcare, apparel, and vending machine industries. The company operates as a fabless manufacturer, outsourcing production while maintaining in-house R&D, and distributes products through direct sales and dealer networks domestically and in the United States. In addition to its hardware product business, Asterisk provides system integration services including custom application development, software maintenance, and end-to-end IoT solutions for enterprise clients.

Market Cap

¥7.46B

US$47.6M

¥5.05B

US$32.2M

Stock¥811▲+0.00%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

LTM PBR

1.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+104.0%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Mar 23, 26Market-wide: Yen weakness shock

2Jul 16, 26Q3 FY2026/08 earnings announced

3Sep 1, 26Full-year guidance cut: net loss ¥330M (vs prior +¥65M forecast), revenue -13% YoY

4Sep 2, 26FY2026/8 guidance cut to net loss ¥330mn, revenue forecast cut -13% YoY

5Oct 16, 26Full-year FY2026/08 earnings announced

MC → EV Bridge

AI Briefing

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

85%

EquityD/E 0.18xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 53.1%

as of 2026-02-28 · Source: Annual Securities Report

Triple Win Co., Ltd.

41.00%

SBI SECURITIES Co., Ltd.

2.50%

Rakuten Securities, Inc. (Joint Account)

2.10%

Noriyuki SUZUKI

2.10%

Naoki KUMAMOTO

1.40%

Wenbao XUE

1.10%

Noriko OMIYA

0.80%

Asterisk Inc. Employee Stock Ownership Association

0.70%

Sho MURAMATSU

0.70%

Yuichiro MATSUSHIMA

0.70%

Management

7 officers

Noriyuki SUZUKI

Representative Director, Executive Officer, President

Apr 1997 Joined Toray Industries, Inc. Apr 1998 Seconded to Toray Systems Center Co., Ltd. Sep 2006 Established the Company; assumed office as Representative Director, President May 2012 Established Dalian Mingrixing Technology Co., Ltd.; assumed office as Chairman (current) Oct 2014 Assumed office as Representative Director, Executive Officer, President of the Company (current) Jan 2015 Established AsReader, Inc.; assumed office as CEO (current) Feb 2018 Established AsReader Europe B.V.; assumed office as CEO Jun 2023 Assumed office as Representative Director, Jido Reji Kenkyusho Co., Ltd. (current)

1972-08-31

Eitaro KATO

Director, Executive Officer, General Manager, Business Division

Feb 1998 Joined Digitech Research Institute Co., Ltd. (now Digitech Co., Ltd.) Jan 2011 Joined the Company; General Manager, Sales Department and General Manager, Business Solutions Development Division Sep 2012 Assumed office as Director (current) Apr 2014 Assumed office as General Manager, Tokyo Business Division Oct 2014 Assumed office as Executive Officer (current) Sep 2020 Assumed office as General Manager, Business Division (current) Jun 2023 Assumed office as Director, Jido Reji Kenkyusho Co., Ltd.

1973-03-13

Yosuke NAKAGAWA

Director, Executive Officer, General Manager, Technology Office

Apr 1998 Joined Yuyama Manufacturing Co., Ltd. Mar 2000 Joined Digitech Co., Ltd. Jan 2017 Joined Seiwa Electric Mfg. Co., Ltd. Jan 2023 Joined the Company; Technology Fellow, R&D Section, Production Technology Office Jun 2023 Assumed office as Manager, R&D Section, Production Technology Office (current) Sep 2023 Assumed office as Executive Officer, General Manager, Technology Office Nov 2024 Assumed office as Director, Executive Officer, General Manager, Technology Office (current) Oct 2025 Assumed office as Director, Jido Reji Kenkyusho Co., Ltd. (current)

1974-11-13

Taiichi ISHIDA

Director, Audit and Supervisory Committee Member

Apr 1980 Joined Kanebo, Ltd. (now Kracie Holdings, Ltd.) Oct 1998 Assumed office as General Manager, Osaka Sales Department, Filament Business Division, Kanebo, Ltd. Nov 2004 Assumed office as Director and General Manager, Filament Business Division, Kanebo, Ltd. Jul 2005 Transferred to KB Seiren, Ltd.; assumed office as Director Jun 2008 Assumed office as Audit & Supervisory Board Member, KB Seiren, Ltd. Sep 2012 Joined M-Technique Co., Ltd. Sep 2013 Joined Pico Ada Inc. Feb 2014 Joined the Company Apr 2014 Assumed office as General Manager, Management Division Nov 2014 Assumed office as Director, Executive Officer Nov 2021 Assumed office as Director, Audit and Supervisory Committee Member (current) Jun 2023 Assumed office as Audit & Supervisory Board Member, Jido Reji Kenkyusho Co., Ltd. (current)

1955-12-12

Fumio IWASAKI

Outside Director, Audit and Supervisory Committee Member

Apr 1972 Joined Hankyu Corporation Jun 1996 Assumed office as Director, Hankyu Taxi Co., Ltd. Apr 2007 Assumed office as Representative Director, President, Hankyu Taxi Co., Ltd. Jun 2009 Assumed office as Representative Director, Managing Director, Nose Electric Railway Co., Ltd. Apr 2010 Assumed office as Director and Principal, Takarazuka Music School (school corporation) Nov 2014 Assumed office as Audit & Supervisory Board Member of the Company Nov 2018 Assumed office as Outside Director, Audit and Supervisory Committee Member (current)

1948-09-24

Norimoto YAMAMOTO

Outside Director, Audit and Supervisory Committee Member

Apr 1996 Joined Sawa Electric Machinery Co., Ltd. Apr 2013 Assumed office as Audit & Supervisory Board Member of the Company Nov 2018 Assumed office as Outside Director, Audit and Supervisory Committee Member (current) Apr 2024 Assumed office as General Manager, Sales Department, Sawa Electric Machinery Co., Ltd. (current)

1972-08-11

Naotomo OTA

Director, Executive Officer, General Manager, Management Division

Jan 2002 Joined Kotsu Co., Ltd. Sep 2004 Joined Nippon Telephone Co., Ltd. Oct 2007 Joined Kansai Broadband Co., Ltd. Jan 2011 Joined Polaris Co., Ltd. Feb 2019 Joined WBF Holdings Co., Ltd. Jul 2020 Assumed office as Executive Officer, Aerology Lab Co., Ltd. Apr 2023 Joined Glad Cube Co., Ltd. Nov 2025 Joined the Company; assumed office as Director, Executive Officer, General Manager, Management Division (current)

1976-02-23

Large Shareholding Reports

Evo Fund

2026-09-01

5.67%→3.84%

Evo Fund

2026-08-25

6.76%→5.67%

Evo Fund

2026-07-23

—

Evo Fund

2026-07-23

12.58%→10.79%

Evo Fund

2026-07-21

12.58%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-15

Full-Year Earnings Flash

FY ending Aug 2026

Asterisk Inc.

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Asterisk Inc.

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