Overview
Electric Appliances

ASTI CORPORATION

ASTI Corporation manufactures and sells automotive electronics, consumer/industrial equipment, and wire harnesses, leveraging core technologies in high weather-resistant product manufacturing and high-density circuit mounting developed over more than half a century. Key automotive products include electronic control units, air conditioning control systems, corner sensors, and battery chargers, while consumer/industrial products include electronic control boards for washing machines and dishwashers, communication switch units, and industrial robot controller boards. The company also produces wire harnesses for four-wheel vehicles, motorcycles, and marine vessels, serving customers across global markets through its multinational manufacturing network.

Market Cap
¥6.77B
US$43.1M
EV
¥12.8B
US$81.3M
Stock¥2,165▼-0.69%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
10.5
x
LTM PER
10.7
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.5%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.77BUS$43.1MMarket Cap12.1BUS$77.3M+ Debt5.23BUS$33.3M− Cash0.97BUS$6.17M− Inv. Sec.0.05BUS$0.30M+ NCI12.8BUS$81.3MEV
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Performance & Balance
Revenue 5Y (¥B)
58.8US$374M'22/364.9US$413M'23/363.6US$405M'24/365.4US$417M'25/362.4US$397M'26/3
EBITDA 5Y (¥B)
1.97US$12.6M'22/33.68US$23.4M'23/34.51US$28.7M'24/33.51US$22.4M'25/33.20US$20.4M'26/3
Net Income 5Y (¥B)
0.70US$4.47M'22/31.51US$9.63M'23/32.70US$17.2M'24/30.62US$3.97M'25/30.71US$4.53M'26/3
Capital Structure
67%
33%
EquityD/E 0.48xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.58US$16.4M16.0US$102M'22/33.48US$22.2M17.0US$108M'23/33.87US$24.7M15.7US$100M'24/35.09US$32.4M13.5US$86.0M'25/35.64US$35.9M12.1US$76.8M'26/3
Shareholders
Top 10 hold 33.3%
1
ASTI Employee Stock Ownership Association
8.81%
2
ASTI Kyoei-kai
7.57%
3
The Bank of Nagoya,Ltd.
2.53%
4
KAGA ELECTRONICS CO.,LTD.
2.51%
5
The Shizuoka Bank, Ltd.
2.30%
6
Rakuten Securities, Inc. (Joint Account)
2.17%
7
Hideki NAKAJIMA
2.06%
8
Nippon Life Insurance Company
1.99%
9
Hamamatsu Iwata Shinkin Bank
1.73%
10
Kazuhiro EKUMA
1.66%
Management
7 officers
Atsuhiko HATANO
Representative Director, President (Head of Management Division) (Head of New Business Division)
Apr 1985 Joined Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jul 2008 Minister, Embassy of Japan in China Jul 2012 Deputy Director-General, Trade and Economic Cooperation Bureau, METI Jun 2013 Executive Officer, Japan Bank for International Cooperation Jul 2015 Director-General, Chubu Bureau of Economy, Trade and Industry, METI Jan 2018 Joined the Company Mar 2018 General Manager, Planning Division Jun 2018 Managing Director; Head of Development Division Oct 2018 Head of Management Division and Head of New Business Division (current) Oct 2020 Assumed office as Representative Director and President (current)
1962-01-21
Kazutaka HARA
Director (Head of Development Business Division)
Jan 2003 Joined the Company Dec 2014 General Manager, Technology Development Department Apr 2017 General Manager, Electronic Equipment Business Division Jun 2017 Assumed office as Director (current) Oct 2018 Head of Development Business Division (current)
1964-01-01
Hirofumi FUKADA
Director
Apr 1986 Joined the Company Apr 2000 Plant Manager, Ryuyo Plant (formerly Iwata Plant) Jul 2005 Plant Manager, Asaba Plant (now Fukuroi Plant) Dec 2010 President, ASTI Electronics India Private Limited Oct 2015 Plant Manager, Kakegawa Plant Jun 2018 Assumed office as Executive Officer Feb 2019 General Manager, Harness Business Division Jun 2020 Assumed office as Director (current)
1963-11-26
Naoki HYAKKI
Director (Full-time Audit and Supervisory Committee Member)
Apr 1987 Joined the Company Apr 2003 General Manager, General Affairs Department Apr 2008 Head of Planning Office Jul 2009 General Manager, General Affairs Department Apr 2014 General Manager, Planning Department Apr 2016 Head of Internal Audit Office Jun 2017 Assumed office as Full-time Audit & Supervisory Board Member Jun 2019 Director, Audit and Supervisory Committee Member (current)
1962-08-26
Hiroyuki UKAI
Director, Audit and Supervisory Committee Member
Apr 2005 Professor, Graduate School of Engineering, Nagoya Institute of Technology (National University Corporation) Apr 2010 Vice President and Professor, Graduate School of Engineering, Nagoya University (National University Corporation) Apr 2014 President, Nagoya Institute of Technology (National University Corporation) Apr 2020 Vice President and Professor, Faculty of Business Administration, Aichi Toho University (Toho Gakuen School Corporation); Director, Toho Gakuen (current) Apr 2021 President, Aichi Toho University (Toho Gakuen School Corporation) (current) Jun 2021 Assumed office as Director, Audit and Supervisory Committee Member (current) Jun 2022 Outside Director, TOENEC Corporation (current)
1954-03-05
Hiroshi KURIHARA
Director, Audit and Supervisory Committee Member
Apr 1978 Joined Fuji Xerox Co., Ltd. (now FUJIFILM Business Innovation Corp.) Oct 2004 Executive Officer, President of Production Services Business Division, Fuji Xerox Jun 2009 Managing Executive Officer and Director, Head of Sales Division, Fuji Xerox Jun 2014 Senior Managing Executive Officer and Director, in charge of Sales Business, Fuji Xerox Jun 2015 President and Representative Director, Fuji Xerox Jun 2020 Chairman, Japan Telework Association (General Incorporated Association) Jan 2021 Outside Director, GigWorks, Inc. (current) Apr 2021 Outside Director, Human Life Co., Ltd. (current) Mar 2023 Outside Director, CyberSecurity Cloud, Inc. (current) Jun 2023 Assumed office as Director, Audit and Supervisory Committee Member (current) Jun 2024 Outside Director, Sintokogio, Ltd. (current)
1953-09-12
Fumino HIROSE
Director, Audit and Supervisory Committee Member
Apr 1989 Joined Nikkan Sports Newspaper Co. Apr 2000 Registered as attorney-at-law Apr 2000 Joined Abe, Ikubo & Katayama (law firm) Jan 2004 Partner, Abe, Ikubo & Katayama (current) Apr 2008 Posted to Embassy of Japan in China as First Secretary Sep 2014 Outside Audit & Supervisory Board Member, JOYFUL HONDA Co., Ltd. May 2018 Standing Director, Japan Baseball Association (General Incorporated Foundation) (current) Sep 2019 Auditor, Japan Asia Community Cultural Cooperation Organization (General Incorporated Foundation) (current) Jun 2020 Auditor, Japan Basketball Association (Public Interest Incorporated Foundation) (current) Jun 2021 Outside Director, Innotech Corporation (current) Jun 2024 Outside Director, Nihon Concrete Industries Co., Ltd. (current) Jun 2025 Assumed office as Director, Audit and Supervisory Committee Member (current)
1967-03-08
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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