Aoyama Zaisan Networks Company,Limited

8929・Standard Market・Real Estate

8929・Standard Market・Real Estate

Aoyama Zaisan Networks Company,Limited8929

Reference Indicators

Market Cap

322¥100M

P/E (Forecast)

11.6x

P/B

2.6x

Dividend Yield (Forecast)

4.52%

ROE

25.7%

EV/EBITDA

5.6x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	24,213	35,952	36,098	45,618	41,785
Cost of Sales	19,882	30,251	29,742	38,649	33,284
Gross Profit	4,330	5,700	6,356	6,969	8,501
SG&A Expenses	2,474	3,071	3,090	3,462	4,642
Operating Income	1,856	2,629	3,265	3,506	3,858
Non-operating Income	57	60	211	84	88
Non-operating Expenses	116	190	117	111	189
Ordinary Income	1,796	2,499	3,359	3,480	3,756
Extraordinary Income	224	0	—	—	24
Extraordinary Losses	10	22	224	75	24
Pre-tax Income	2,010	2,477	3,134	3,404	3,756
Income Taxes	534	782	1,059	978	990
Net Income	1,481	1,694	2,062	2,428	2,750
EBITDA	2,167	2,935	3,558	3,729	4,351
Gross Margin	17.9%	15.9%	17.6%	15.3%	20.3%
Operating Margin	7.7%	7.3%	9.0%	7.7%	9.2%
ROA	8.5%	7.8%	8.8%	10.8%	10.5%
ROE	22.0%	22.0%	23.2%	25.2%	25.7%

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