Fujibo Holdings, Inc. (3104) AI Stock Analysis

• Market Cap: ¥96.96B
• Dividend Yield: 1.79%
• Average Volume (3M): 50.27K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.85
• Revenue Growth: 10.76%
• EPS Growth: 54.82%
• Country: JP
• Employees: 1,299
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 110.89
• Shares Outstanding: 11,354,000
• 10 Day Avg. Volume: 56,150
• 30 Day Avg. Volume: 50,273
• PEG Ratio: 0.10
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 29.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥9,831.00 ▲(18.73% Upside)

Fujibo Holdings, Inc. scores well due to its strong financial performance, characterized by robust revenue growth and a solid balance sheet. Technical analysis supports a positive outlook with bullish momentum. Valuation metrics suggest the stock is fairly valued, providing a balanced risk-reward profile.

Positive Factors

Balance sheet strength

Extremely low leverage and a high equity ratio provide durable financial flexibility. This supports capital spending, R&D, and cyclical stress absorption without needing external debt, lowering financial risk and enabling strategic investments or opportunistic M&A over the next several quarters.

Revenue and margin profile

Consistent double-digit revenue growth combined with healthy gross and net margins indicates structural demand for higher-value textile and materials products. Sustained revenue expansion with margin resilience supports reinvestment in product development and steady operating profitability over a multi-quarter horizon.

Operating cash generation

Strong operating cash conversion (OCF nearly twice net income) and YoY free cash flow growth show the business converts earnings into cash reliably. This underpins dividend capacity, capex funding for innovation, and balance-sheet resilience across industry cycles over the medium term.

Negative Factors

Free cash flow conversion

A low FCF-to-net-income ratio points to heavy capital expenditures or working capital absorption that limits distributable cash. Persistently weak FCF conversion can constrain shareholder returns, limit deleveraging or opportunistic investments, and increase sensitivity to demand swings.

Moderate return on equity

ROE under 10% despite minimal leverage suggests modest capital efficiency. Over time, this could signal limited profitability improvement from existing assets unless management increases returns via higher-margin products, operational efficiency, or selective leverage, affecting long-term shareholder value creation.

Exposure to cyclical end markets

Material exposure to apparel, automotive and construction markets creates structural demand cyclicality. Downturns in any major end market can materially impact sales and margin profiles; planning for variable demand and managing inventory/capex becomes critical to sustain performance across economic cycles.

Fujibo Holdings, Inc. Business Overview & Revenue Model

Company Description

Fujibo Holdings, Inc. engages in polishing pads, industrial chemical products, and lifestyle apparel businesses in Japan. It provides POLYPAS polishing pads for precision polishing of silicon wafers, as well as for various types of semiconductor materials, metals, and glasses; and functional non-woven fabrics, functional films, as well as non-woven polyester fabrics. The company also offers fine chemical intermediates for the production of raw materials for medicines, agricultural chemicals, electronic materials, and functional chemicals; and various fiber materials, functional fibers, yarns, and fabrics. In addition, it is involved in the injection molding of components for digital cameras, medical devices, and other high precision products. The company was incorporated in 1896 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Fujibo Holdings generates revenue through multiple streams, primarily from the sale of its textile products and advanced materials. The company has a diversified portfolio, with key revenue streams including industrial textiles, which cater to sectors like automotive and construction, as well as apparel materials used in fashion. Additionally, Fujibo engages in partnerships with other manufacturers and businesses, facilitating the development of specialized products and expanding its market reach. The company also benefits from ongoing research and development initiatives that lead to new product innovations, further driving sales growth.

Fujibo Holdings, Inc. Financial Statement Overview

Summary

Fujibo Holdings, Inc. exhibits robust financial health with strong revenue growth, efficient profitability, and a solid balance sheet with low leverage. The company shows consistent improvement in key financial metrics, although there is room for enhancing free cash flow conversion. Its stable financial foundation and growth trajectory position it well within the apparel manufacturing industry.

Income Statement

Fujibo Holdings, Inc. demonstrated strong revenue growth with a 18.85% increase in total revenue from 2024 to 2025. The gross profit margin and net profit margin are healthy at 34.68% and 10.43%, respectively, reflecting efficient cost management and profitability. The EBIT margin of 15.09% and EBITDA margin of 23.72% further indicate robust operational performance. Despite a slight dip in gross profit compared to 2022, the company has maintained an upward trajectory in profitability metrics.

Balance Sheet

The balance sheet is strong, with a low debt-to-equity ratio of 0.01, indicating minimal leverage, and a solid equity ratio of 71.25%, showcasing a stable financial foundation. Return on equity (ROE) is 9.43%, which is decent, considering the low leverage. The company's equity has consistently grown, reinforcing its financial stability and capacity to fund operations through equity without excessive reliance on debt.

Cash Flow

Cash flow analysis reveals positive trends, with a 10.42% growth in free cash flow from 2024 to 2025. The operating cash flow to net income ratio is 1.93, indicating strong cash generation relative to earnings. However, the free cash flow to net income ratio is lower at 0.41, suggesting potential areas for improvement in converting earnings to free cash flow, likely due to significant capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	43.78B	42.91B	36.11B	37.67B	35.92B	36.93B
Gross Profit	15.37B	14.88B	10.61B	12.15B	12.67B	12.20B
EBITDA	10.33B	10.18B	6.75B	8.21B	9.34B	8.44B
Net Income	4.88B	4.48B	2.12B	3.40B	4.46B	4.32B
Balance Sheet
Total Assets	65.58B	66.61B	62.51B	61.37B	58.53B	55.79B
Cash, Cash Equivalents and Short-Term Investments	6.63B	8.06B	8.26B	8.11B	8.33B	4.62B
Total Debt	359.00M	561.00M	1.55B	1.48B	1.55B	1.46B
Total Liabilities	17.88B	19.14B	18.54B	18.45B	18.04B	18.51B
Stockholders Equity	47.70B	47.46B	43.97B	42.92B	40.50B	37.28B
Cash Flow
Free Cash Flow	0.00	1.83B	1.66B	2.50B	5.13B	865.00M
Operating Cash Flow	0.00	8.66B	4.99B	5.17B	9.11B	6.79B
Investing Cash Flow	0.00	-6.54B	-3.09B	-3.55B	-3.93B	-5.82B
Financing Cash Flow	0.00	-2.36B	-1.79B	-1.90B	-1.46B	-1.31B

Fujibo Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8280.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3104, the sentiment is Positive. The current price of 8280 is above the 20-day moving average (MA) of 8215.50, above the 50-day MA of 7681.60, and above the 200-day MA of 6191.36, indicating a bullish trend. The MACD of 256.61 indicates Negative momentum. The RSI at 71.76 is Negative, neither overbought nor oversold. The STOCH value of 69.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3104.

Fujibo Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3580	79 Outperform	¥33.66B	23.56	―	3.23%	6.98%	-42.05%
3104	78 Outperform	¥96.96B	19.35	―	1.79%	10.76%	54.82%
3608	68 Neutral	¥63.01B	4.04	17.77%	6.12%	-6.22%	679.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Fujibo Holdings, Inc. Corporate Events

Fujibo Holdings Reports Strong Financial Growth and Revised Dividend Forecast

Fujibo Holdings, Inc. reported a significant increase in its consolidated financial results for the six months ended September 30, 2025, with net sales rising by 7% and operating profit increasing by 26% compared to the previous year. The company also announced a revision in its cash dividend forecast, reflecting a positive outlook for the fiscal year ending March 31, 2026, which indicates strong financial health and potential for future growth.

The most recent analyst rating on (JP:3104) stock is a Buy with a Yen7621.00 price target. To see the full list of analyst forecasts on Fujibo Holdings, Inc. stock, see the JP:3104 Stock Forecast page.

Fujibo Holdings Revises Financial Forecast and Increases Dividend Amid Market Shifts

Fujibo Holdings, Inc. has revised its full-year financial results and dividend forecast for the fiscal year ending March 31, 2026, due to strong performance in its Polishing Pad Business driven by demand for advanced semiconductors, despite challenges in the Lifestyle Apparel Business. The company has increased its year-end dividend forecast to ¥85 per share, reflecting a commitment to shareholder returns amid changing market conditions.

The most recent analyst rating on (JP:3104) stock is a Buy with a Yen7621.00 price target. To see the full list of analyst forecasts on Fujibo Holdings, Inc. stock, see the JP:3104 Stock Forecast page.