Asahi Kanko Co., Ltd. sold more and earned less in the year to March 2026. Revenue rose to ¥2.07bn from ¥1.98bn a year earlier, but ordinary income fell to ¥110.6mn from ¥141.0mn and net income slipped to ¥77.1mn from ¥93.8mn.
| Metric | Year to Mar 2026 | Year to Mar 2025 |
|---|---|---|
| Revenue | ¥2.07bn | ¥1.98bn |
| Ordinary income | ¥110.6mn | ¥141.0mn |
| Net income | ¥77.1mn | ¥93.8mn |
| Operating cash flow | ¥218.0mn | ¥66.4mn |
| Net assets | ¥11.48bn | ¥11.40bn |
| Equity-to-asset ratio | 90.36% | 89.39% |
The five-year summary in the filing shows the top line moving up more steadily than the profit line. Sales were ¥1.80bn in the year to March 2022, then ¥1.86bn, ¥1.99bn, ¥1.98bn and now ¥2.07bn. Ordinary income moved from ¥155.7mn to ¥92.3mn, ¥71.4mn, ¥141.0mn and ¥110.6mn over the same span, while net income went from ¥121.2mn to ¥67.6mn, ¥51.7mn, ¥93.8mn and ¥77.1mn.
For readers outside Japan, that mix is the useful signal. Higher reported sales did not produce higher reported profit in the latest year. The evidence packet reviewed for this article contains summary EDINET and XBRL figures rather than a full management discussion, so it shows the shape of the year clearly but not the operating explanation for the earnings decline.
Cash flow and capital metrics were firmer than the profit line. Operating cash flow increased to ¥218.0mn from ¥66.4mn. Total assets edged down to ¥12.70bn from ¥12.75bn, while net assets rose to ¥11.48bn from ¥11.40bn. The equity-to-asset ratio was 90.36%, meaning equity accounted for just over 90% of assets on the disclosed figures. The filing's five-year summary also shows capital stock at ¥600.0mn and shares outstanding at 12.0mn throughout the period presented.
For anyone screening Japanese corporate filings, this is the useful read-through: sales growth has been more persistent than profit growth. Without fuller narrative sections in the packet, the prudent reading is descriptive rather than diagnostic, but the direction is clear enough: more revenue, less profit, stronger operating cash flow and a balance sheet funded overwhelmingly by equity.