Asia Air Survey Co., Ltd.
9233.T · JPX
Company research
Asia Air Survey Co., Ltd. (TSE: 9233), founded in 1949 and headquartered in Tokyo, Japan, is a leading construction consultancy and geospatial solutions provider listed on the Tokyo Stock Exchange's Standard Market. The company delivers a comprehensive suite of services spanning aerial surveying, remote sensing, GIS, LiDAR scanning, and UAV surveys, leveraging multi-platform and multi-sensor technologies to serve clients across social infrastructure development, environmental management, and disaster prevention globally. Its construction consulting capabilities extend across urban and regional planning, roads, rivers, ports, bridges, and critical lifeline infrastructure, complemented by advanced maintenance engineering and facility information management. With approximately 1,872 group employees and consolidated sales of approximately 41.5 billion yen for the fiscal year ending September 2025, Asia Air Survey is led by CEO and Chairman Hitoshi Hatakeyama, who has served in the role since December 2021.
Research reports
Aggregates 12‑month price targets from 52 analysts for Asia Air Survey with a median target of 1,991.2 JPY (about 75% implied upside from the referenced spot price), alongside a range of 1,002.01–2,798.46 JPY and a three‑month consensus rating of Hold, highlighting a cautious stance where analysts recommend waiting for a better entry despite upside potential.
Simply Wall St · June 21, 2026Asia Air Survey (TSE:9233) Stock AnalysisProvides a structured fundamental overview including Snowflake scores (weak valuation but stronger dividend and balance sheet metrics), TTM figures such as roughly JP¥40.64b in revenue, JP¥1.45b in earnings and a P/E around 14x, while noting risks like a roughly 3.9% annual earnings decline over five years, dividend coverage concerns, underperformance versus the Japanese market, and stable but modest volatility, resulting in a balanced, neither strongly bullish nor bearish narrative.
ValueInvesting.io · May 26, 20269233.T Intrinsic Value – Asia Air Survey Co LtdPresents a discounted cash flow‑based intrinsic value estimate of 1,588.67 JPY per share for 9233.T versus a market price of 1,092.00 JPY, implying about 45.5% undervaluation, and cross‑checks this view with multiple valuation lenses (DCF variants, P/E, EV/EBITDA and dividend discount models), generally concluding that the shares are significantly undervalued on fundamental grounds despite some scenarios showing limited or negative upside.