Candidates / 7378

ASIRO Inc.7378・Services

Activist stake: AVI. Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 2.2x the average — #305 of 3,751. The closest type of deal is strategic buyer.

Score2.2xvs average; #305 of 3,751
Past, similar score1 in 5were bought (20%)
Closest typeStrategic
Price-to-book5.43xmarket value ¥11.2bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.1x
Management buyout3.1x
Private equity3.0x
Strategic buyer3.8x

Ownership

Top 10 shareholders

HolderTypeStake
中山 博登Individual25.7%
松田 健太郎Individual3.1%
大東特殊電線株式会社Company2.6%
INTERACTIVE BROKERS LLCCustodian/nominee2.4%
西川 晶Individual2.2%
野村證券株式会社Custodian/nominee1.7%
阿部 重成Individual1.3%
山本 雄太Individual1.3%
楽天証券株式会社共有口Custodian/nominee1.2%
JPモルガン証券株式会社Custodian/nominee1.1%

From the annual report for the year to 2025-10-31. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)

Key figures

Controlling shareholder (over 50%)
No
Largest corporate holder
2.6%
Founder family (individuals and their companies)
33.6%
Officers
25.4%
Net cash ÷ market value
18%
ROE
44.1%
Equity ratio
57%

Activist filings

Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.

This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.

Updated 29 Sep 2026 00:48 JST