Asterisk Inc.
6522・Growth Market・Electric Appliances
AsReader Business
Core business centered on smartphone-based automatic recognition devices
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue (Cumulative Q3, FY2026 (ending August 2026)) | ¥1,038 million | ¥1,091 million (same period previous year) | ↓ |
| Segment Profit (Cumulative Q3, FY2026 (ending August 2026)) | ¥96 million | ¥92 million (same period previous year) | ↑ |
| Segment Revenue (Full Year, FY2025 (ended August 2025)) | ¥1,384 million | — | — |
| Segment Profit (Full Year, FY2025 (ended August 2025)) | ¥63 million | — | — |
| Year-on-Year Revenue Change (Cumulative Q3, FY2026 (ending August 2026)) | -4.8% | — | ↓ |
| Year-on-Year Segment Profit Change (Cumulative Q3, FY2026 (ending August 2026)) | +4.2% | — | ↑ |
Business Details
Develops and sells barcode readers and RFID readers/writers that attach to smartphones and tablets, as well as software products and services utilizing facial recognition and image recognition technology. Deployed across a wide range of industries including manufacturing, logistics, retail, vending machines, and healthcare. Also promotes collaboration with domestic carriers and overseas expansion through its U.S. subsidiary, AsReader, Inc. Production is conducted under a fabless model, outsourced to overseas EMS providers.
Recent Overview
Revenue decreased 4.8% year-on-year, but segment profit improved 4.2%
AsReader Business revenue for the cumulative nine months of FY2026 (ending August 2026) (September 2025 to May 2026) was ¥1,038 million (down 4.8% year-on-year). Domestically, sales to vending machine, manufacturing, wholesale/retail, and healthcare industries progressed steadily, while overseas, although there were additional deliveries to a beverage manufacturer, some deals experienced delays relative to plan. Amid ongoing development costs for new products such as facial recognition technology and costs of operating demonstration stores, segment profit improved to ¥96 million (up 4.2% year-on-year). At the U.S. subsidiary AsReader, Inc., multiple large-scale deal negotiations are ongoing but have not yet resulted in orders or shipments.
Key Products
Growth Drivers
- Sales expansion through strengthened collaboration with major domestic carriers (domestic sales to vending machine, manufacturing, wholesale/retail, and healthcare industries progressing steadily)
- Building a stable revenue base by expanding monthly subscription stock-type products such as SdcO and Count Pipe
- Acquisition of large-scale overseas deals through U.S. subsidiary AsReader, Inc. (multiple negotiations ongoing)
- Improved product knowledge and technical proposal capability and profitability through reorganization of the sales structure centered on product-specific expertise
- Development and expansion of new solutions utilizing proprietary technologies such as linear technology and AsCode
- Development and commercialization of AI cameras to open new markets
Risks
- Risk of delayed order intake and shipment for large-scale U.S. deals (the U.S. subsidiary continued to fall short of revenue targets in the cumulative Q3 period as well)
- Risk of crude oil price increases and foreign exchange volatility due to U.S. tariff policy and Middle East tensions affecting overseas sales outlook
- Foreign exchange volatility risk in the overseas EMS outsourced production structure (impact on manufacturing cost)
- Profit pressure from ongoing costs for new product development such as facial recognition technology and demonstration store operations
- Existence of material events regarding the going concern assumption against a backdrop of three consecutive fiscal years of operating losses (on a consolidated basis)
- As a subsequent event, the 9th and 10th stock acquisition rights (575,000 shares each, totaling 1,150,000 shares) were issued to EVO FUND in July 2026, posing a future dilution risk
Last updated: June 26, 2026