Asia Air Survey Co., Ltd.

9233・Standard Market・Air Transportation

Official website

Asia Air Survey Co., Ltd.

9233・Standard Market・Air Transportation

Official website

Asia Air Survey Co., Ltd.9233

Reference Indicators

Market Cap

209¥100M

P/E (Forecast)

10.1x

P/B

0.9x

Dividend Yield (Forecast)

3.91%

ROE

8.4%

EV/EBITDA

4.3x

Financial Summary

Unit: ¥M

Item	2021Sep 2021	2022Sep 2022	2023Sep 2023	2024Sep 2024	2025Sep 2025
Net Sales	32,506	33,674	37,304	40,270	41,591
Cost of Sales	23,879	24,397	27,338	29,290	30,187
Gross Profit	8,627	9,276	9,965	10,980	11,403
SG&A Expenses	6,288	6,811	7,219	8,130	8,547
Operating Income	2,338	2,465	2,746	2,850	2,856
Non-operating Income	355	372	377	354	333
Non-operating Expenses	130	94	153	165	166
Ordinary Income	2,563	2,744	2,970	3,039	3,023
Extraordinary Income	20	76	47	22	68
Extraordinary Losses	32	171	242	69	180
Pre-tax Income	2,551	2,650	2,775	2,991	2,911
Income Taxes	804	902	909	1,070	1,079
Net Income	1,729	1,727	1,848	1,902	1,803
EBITDA	3,546	3,840	4,367	4,523	4,656
Gross Margin	26.5%	27.5%	26.7%	27.3%	27.4%
Operating Margin	7.2%	7.3%	7.4%	7.1%	6.9%
ROA	6.0%	5.5%	5.5%	5.2%	4.6%
ROE	10.6%	9.8%	9.7%	9.3%	8.4%