Asaka Riken Soars 8.99% to Day High Amid Market Decline

Asaka Riken Co., a small-cap player in the Minerals & Mining industry, has shown significant activity today, gaining 8.99% on February 24, 2026. The stock reached an intraday high of JPY 3,875.00, marking a notable performance against the backdrop of the Japan Nikkei 225, which declined by 1.12% on the same day. Over the past year, Asaka Riken has delivered an impressive return of 344.97%, significantly outperforming the Nikkei 225's 46.92%. Year-to-date, the stock has risen by 45.17%, while its three-year performance stands at 175.46%. Despite these strong figures, the company has a return on capital employed (ROCE) of 6.08%, indicating a relatively expensive valuation with an enterprise value to capital employed ratio of 1.23. The stock's price-to-earnings (P/E) ratio is currently at 22.00, and it has a price-to-book ratio of 4.56. However, the company has not declared any dividends, maintaining a dividend yield of 0.00%. Asaka Riken's financial metrics reflect a complex position in the market, with substantial growth juxtaposed against high valuation ratios.