beluuga.ai

Overview

Air Transportation

Asia Air Survey Co.,Ltd.

Asia Air Survey is a spatial information consulting company providing integrated services across social infrastructure management and national land conservation consulting. The company serves central government ministries, local municipalities, and public utilities including electric power companies, offering services such as infrastructure management for roads and railways, river and erosion control consulting, environmental conservation, disaster recovery, and energy-related businesses. Its competitive strengths lie in its long-standing expertise in aerial surveying, advanced geospatial technologies, and a broad domestic group network supported by regional subsidiaries.

Market Cap

¥20.0B

US$128M

¥11.7B

US$74.5M

Stock¥1,101▼-1.08%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

2.6

LTM EV/EBIT

4.4

LTM PER

12.3

LTM PBR

0.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

91%

EquityD/E 0.10xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 70.7%

as of 2026-03-31 · Source: Annual Securities Report

West Japan Railway Company

28.01%

Fukken Co., Ltd.

23.95%

JDC CORPORATION

5.86%

Asia Air Survey Co.,Ltd. Employee Stock Ownership Association

3.73%

TDC SOFT Inc.

3.01%

OHBA Co., Ltd.

1.87%

Custody Bank of Japan, Ltd. (Trust Account)

1.21%

Mitsui Kyodo Consultants Co., Ltd.

1.19%

Kanden Realty & Development Co., Ltd.

1.07%

Asia Air Survey Kyoei-kai

0.81%

Management

12 officers

Hitoshi HATAKEYAMA

Representative Director, President and Executive Officer; General Manager, DX Strategy Headquarters (Overall Management)

Jul 1996 Joined the Company Apr 2011 General Manager, DS Business Division Oct 2013 Deputy General Manager, Spatial Information Business Division Oct 2014 Executive Officer; General Manager, Kyushu Branch Oct 2016 Executive Officer; General Manager, Spatial Information Business Division Oct 2017 Executive Officer; General Manager, Social Infrastructure Management Business Division Dec 2017 Director, Executive Officer; General Manager, Social Infrastructure Management Business Division Oct 2020 Director, Executive Officer; Deputy General Manager, Business Promotion Headquarters; Deputy General Manager, Management Headquarters; General Manager, Social Infrastructure Management Business Division Dec 2020 Managing Director, Managing Executive Officer; Deputy General Manager, Business Promotion Headquarters; Deputy General Manager, Management Headquarters; General Manager, Social Infrastructure Management Business Division Dec 2021 Representative Director, President and Executive Officer Dec 2024 Representative Director, President and Executive Officer; General Manager, DX Strategy Headquarters (current)

1963-08-11

Nobuhiro USUKI

Managing Director, Managing Executive Officer; General Manager, Business Promotion Headquarters

Apr 1992 Joined the Company Oct 2011 General Manager, Disaster Prevention and Geology Department Apr 2014 Deputy Center Director, Social Infrastructure System Development Center Oct 2017 Deputy General Manager, Social Infrastructure Management Business Division Oct 2019 General Manager, Railway Business Headquarters, Social Infrastructure Management Business Division Oct 2020 Executive Officer; General Manager, Western Japan Branch Dec 2021 Director, Executive Officer; General Manager, Social Infrastructure Management Business Division Oct 2023 Director, Executive Officer; Deputy General Manager, Business Promotion Headquarters; General Manager, Social Infrastructure Management Business Division Dec 2023 Director, Executive Officer; General Manager, Business Promotion Headquarters Dec 2024 Managing Director, Managing Executive Officer; General Manager, Business Promotion Headquarters (current)

1967-07-31

Yuya UMEMURA

Director, Executive Officer; General Manager, Management Strategy Headquarters

Apr 1992 Joined the Company Oct 2011 General Manager, Chubu Consultants Department Apr 2014 General Manager, Western Japan Consultants Department Oct 2017 General Manager, Land Conservation Technology Department Dec 2019 Deputy General Manager, Land Conservation Consultants Business Division Oct 2020 Executive Officer; General Manager, Chubu Branch Oct 2023 Executive Officer, Management Strategy Headquarters Dec 2023 Director, Executive Officer; Deputy General Manager, Management Strategy Headquarters; General Manager, Management Strategy Administration Department Dec 2025 Director, Executive Officer; General Manager, Management Strategy Headquarters (current)

1968-01-01

Shingo URAKAWA

Director, Executive Officer; General Manager, New Business Creation Headquarters

Apr 1992 Joined the Company Oct 2011 General Manager, Public Solutions Department Oct 2013 General Manager, GIS Center Oct 2016 General Manager, Western Japan Spatial Information Department Oct 2019 Deputy General Manager, Social Infrastructure Management Business Division Oct 2020 Executive Officer; General Manager, Kyushu Branch Dec 2021 Executive Officer; General Manager, Western Japan Branch Oct 2023 Executive Officer; Deputy General Manager, New Business Creation Headquarters Dec 2023 Director, Executive Officer; General Manager, New Business Creation Headquarters (current)

1968-12-01

Jun AKIYAMA

Director, Executive Officer; General Manager, Management Strategy Administration Department

Apr 1989 Joined the Company May 2007 General Manager, Shizuoka Branch Oct 2014 General Manager, Business Strategy Department Oct 2016 General Manager, Metropolitan Area Sales Department Oct 2018 Executive Officer; General Manager, Chubu Branch Oct 2020 Executive Officer; General Manager, Sales Administration Department Oct 2023 Executive Officer; General Manager, Western Japan Branch Dec 2024 Director, Executive Officer; General Manager, Western Japan Branch; Deputy General Manager, Business Promotion Headquarters Oct 2025 Director, Executive Officer; Deputy General Manager, Business Promotion Headquarters Dec 2025 Director, Executive Officer; General Manager, Management Strategy Administration Department (current)

1965-06-04

Kazuya FUNAKOSHI

Director, Executive Officer; Deputy General Manager, Business Promotion Headquarters

Apr 1991 Joined the Company Apr 2011 General Manager, Technical Department, Disaster Prevention and Geology Department Oct 2011 General Manager, Western Japan Consultants Department Apr 2014 General Manager, Disaster Prevention and Geology Department Oct 2017 Deputy General Manager, Land Conservation Consultants Business Division Oct 2020 Executive Officer; General Manager, Business Strategy Department Oct 2023 Executive Officer; General Manager, Kanto Branch Dec 2024 Director, Executive Officer; General Manager, Kanto Branch; Deputy General Manager, Business Promotion Headquarters Dec 2025 Director, Executive Officer; Deputy General Manager, Business Promotion Headquarters (current)

1968-10-01

Toko TAKAYAMA

Director, Executive Officer; General Manager, Kanto Branch

Apr 1992 Joined the Company Oct 2020 Deputy General Manager, Social Infrastructure Technology Department, Social Infrastructure Management Business Division Dec 2021 General Manager, Social Infrastructure Technology Department, Social Infrastructure Management Business Division Oct 2023 Deputy General Manager, Social Infrastructure Management Business Division; General Manager, Social Infrastructure Technology Department Dec 2023 Executive Officer; General Manager, Social Infrastructure Management Business Division Dec 2025 Director, Executive Officer; General Manager, Kanto Branch (current)

1969-06-07

Hiroaki ITO

Outside Director

Apr 1991 Joined West Japan Railway Company Jun 2013 General Manager, Safety Planning Section, Safety Promotion Department, Railway Headquarters Jun 2016 Deputy General Manager, Safety Promotion Department, Railway Headquarters Jun 2018 Deputy General Manager, Kinki Regional Headquarters Jun 2022 General Manager, Audit Department Jun 2025 Executive Officer; General Manager, Facilities Department, Railway Headquarters; Director, Structural Technology Office, Railway Headquarters (current) Dec 2025 Outside Director of the Company (current) (Significant Concurrent Positions) Executive Officer, General Manager, Facilities Department, and Director, Structural Technology Office, Railway Headquarters, West Japan Railway Company; Director (part-time), Ohtetsu Industry Co., Ltd.; Director (part-time), Hiroshige Construction Co., Ltd.; Director (part-time), JR West Build Co., Ltd.

1967-11-15

Naoyuki OTA

Outside Director

Apr 1988 Joined Tobishima Corporation Apr 1998 Deputy Chief, Design Section No. 2, Civil Engineering Design Department Aug 2001 Joined Railway Technical Research Institute (current: Public Interest Incorporated Foundation, Railway Technical Research Institute) Mar 2005 Senior Researcher, Geo-Disaster Prevention Research Laboratory, Disaster Prevention Technology Research Department, Railway Technical Research Institute Apr 2005 Seconded to Ministry of Land, Infrastructure, Transport and Tourism, Aircraft and Railway Accidents Investigation Commission as Railway Accident Investigator Apr 2011 Head, Geo-Disaster Prevention Research Laboratory, Disaster Prevention Technology Research Department, Railway Technical Research Institute Apr 2016 General Manager, Disaster Prevention Technology Research Department, Railway Technical Research Institute Apr 2022 Specially Appointed Professor, Graduate School of Engineering, Kyoto University (current) Dec 2022 Outside Director of the Company (current) (Significant Concurrent Positions) Specially Appointed Professor, Graduate School of Engineering, Kyoto University

1964-05-08

Tatsuya NAKAJIMA

Director (Full-time Audit and Supervisory Committee Member)

Apr 1988 Joined the Company Oct 2011 General Manager, Tohoku Consultants Department Oct 2016 Executive Officer; General Manager, Tohoku Branch Dec 2019 Director, Executive Officer; General Manager, Land Conservation Consultants Business Division Dec 2021 Director, Executive Officer; General Manager, Management Headquarters Dec 2022 Managing Director, Managing Executive Officer; General Manager, Management Headquarters Oct 2023 Managing Director, Managing Executive Officer; General Manager, Management Strategy Headquarters; General Manager, Management Strategy Administration Department Dec 2023 Managing Director, Managing Executive Officer; General Manager, Management Strategy Headquarters Dec 2025 Director, Full-time Audit and Supervisory Committee Member (current)

1964-09-08

Toyoharu UEDA

Outside Director, Audit and Supervisory Committee Member

Oct 2002 Registered as attorney-at-law; joined Tokyo Kasumigaseki Law Office (current) Dec 2023 Outside Director, Audit and Supervisory Committee Member of the Company (current)

1976-01-01

Taishi OBI

Outside Director, Audit and Supervisory Committee Member

Oct 1991 Joined TAC Co., Ltd. Oct 1992 Joined Ohta Showa Audit Corporation (current: EY ShinNihon LLC) Aug 1995 Registered as Certified Public Accountant Jul 1997 Joined Hongo Accounting Office (current: Tsuji Hongo Tax Corporation) Aug 2012 Registered as Certified Public Tax Accountant Oct 2013 General Manager, Corporate Division No. 2, Tsuji Hongo Tax Corporation Oct 2018 Senior Partner, Tsuji Hongo Tax Corporation (current); Representative Partner, Tsuji Hongo Audit Corporation (current) Dec 2022 Outside Director, Audit and Supervisory Committee Member of the Company (current) (Significant Concurrent Positions) Senior Partner, Tsuji Hongo Tax Corporation; Representative Partner, Tsuji Hongo Audit Corporation

1969-07-03

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

Q3 Earnings Flash

FY ending Sep 2026

Asia Air Survey Co.,Ltd.

Try the full product

Asia Air Survey Co.,Ltd.

Try the full product

More Japanese companies in Air Transportation