Why is Adish Co. Ltd. ?
1
Poor Management Efficiency with a low ROE of 2.93%
- The company has been able to generate a Return on Equity (avg) of 2.93% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Operating profit has grown by an annual rate -239.06% of over the last 5 years
3
Positive results in Jun 25
- NET PROFIT(9M) Higher at JPY -43.1 MM
- OPERATING PROFIT(Q) Highest at JPY -5.57 MM
- OPERATING PROFIT MARGIN(Q) Highest at -0.62 %
4
Risky - Negative EBITDA
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -9.08%, its profits have risen by 56.6%
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -9.08% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Adish Co. Ltd. should be less than 10%
- Overall Portfolio exposure to Software Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Adish Co. Ltd. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Adish Co. Ltd.
-9.08%
-0.44
70.13%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality key factors
Factor
Value
Sales Growth (5y)
6.76%
EBIT Growth (5y)
-239.06%
EBIT to Interest (avg)
-4.48
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.14
Sales to Capital Employed (avg)
4.58
Tax Ratio
4.89%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
11.31%
ROE (avg)
2.93%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.77
EV to EBIT
-8.53
EV to EBITDA
-10.01
EV to Capital Employed
3.06
EV to Sales
0.29
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-35.83%
ROE (Latest)
-22.18%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
No Trend
Technical Movement
7What is working for the Company
NET PROFIT(9M)
Higher at JPY -43.1 MM
OPERATING PROFIT(Q)
Highest at JPY -5.57 MM
OPERATING PROFIT MARGIN(Q)
Highest at -0.62 %
-10What is not working for the Company
INTEREST(HY)
At JPY 2.24 MM has Grown at 80.99%
CASH AND EQV(HY)
Lowest at JPY 999.76 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 1,118.45%
Here's what is working for Adish Co. Ltd.
Net Profit
Higher at JPY -27.78 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (JPY MM)
Operating Profit
Highest at JPY -5.57 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at -0.62 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Here's what is not working for Adish Co. Ltd.
Interest
At JPY 2.24 MM has Grown at 80.99%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Cash and Eqv
Lowest at JPY 999.76 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Inventory Turnover Ratio
Lowest at 1,118.45%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






