FUJIX (3600) AI Stock Analysis

• Market Cap: ¥2.28B
• Dividend Yield: 3.12%
• Average Volume (3M): 150.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: -1.83%
• EPS Growth: 16.87%
• Country: JP
• Employees: 382
• Sector: Technology
• Sector Strength: 88
• Industry: Apparel - Manufacturers
• EPS (TTM): -16.32
• Shares Outstanding: 1,468,093
• 10 Day Avg. Volume: 310
• 30 Day Avg. Volume: 150
• PEG Ratio: 0.10
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 42.07
• 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: 59 Neutral
• Price Target: ¥1,703.00 ▲(5.32% Upside)

The score is primarily constrained by weak profitability (recurring operating losses and FY2025 net loss) despite a strong, low-debt balance sheet. Technicals are moderately supportive with positive momentum and price above key averages, while valuation is mixed: an attractive dividend yield but a negative P/E due to losses.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt reduces financial risk and provides stability, especially in a cyclical industry, supporting long-term resilience.

Revenue Rebound

The sharp revenue rebound indicates improving demand and potential market share gains, which could drive future growth if sustained.

Positive Free Cash Flow

Returning to positive free cash flow enhances financial flexibility and supports reinvestment opportunities, crucial for long-term growth.

Negative Factors

Recurring Operating Losses

Consistent operating losses highlight challenges in cost management and profitability, which could hinder long-term financial health.

Volatile Cash Flow

Volatile cash flow suggests instability in operations or investment needs, which could affect the company's ability to sustain growth initiatives.

Inconsistent Profitability

Inconsistent profitability undermines investor confidence and may limit the company's ability to fund expansion or weather economic downturns.

FUJIX Business Overview & Revenue Model

Company Description

FUJIX Ltd. manufactures, distributes, and trades in various sewing and embroidery thread in Japan, the United States, Europe, China, and internationally. The company offers industrial sewing, special use, decorative, machine embroidery, and other threads. It also provides home-use sewing threads, such as synthetic fiber sewing, cotton sewing, silk sewing, special use, lock sewing, patchwork, decorative, temari, and other threads. The company was founded in 1921 and is headquartered in Kyoto, Japan.

How the Company Makes Money

FUJIX makes money primarily through the sale of its sewing thread products. The company's revenue streams include direct sales to apparel manufacturers, craft retailers, and industrial clients. Additionally, FUJIX benefits from partnerships with distributors and retailers who help expand the reach of their products globally. The company's focus on quality and innovation, as well as its ability to cater to niche markets, contributes significantly to its earnings.

FUJIX Financial Statement Overview

Summary

Strong balance sheet (essentially no debt and stable/rising equity) supports resilience, but financial performance is held back by recurring operating losses and a return to net losses in FY2025 despite a sharp revenue rebound. Cash flow is mixed with volatile free cash flow, though FY2025 improved to positive FCF.

Income Statement

Revenue rebounded sharply in FY2025 (up ~47% year over year), signaling improving demand. However, profitability remains inconsistent: operating profit was negative in FY2022, FY2023, FY2024, and FY2025, and net income flipped back to a loss in FY2025 after a modest profit in FY2024. Gross margin has been relatively steady in the mid‑20% range, but weak operating leverage and recurring operating losses keep the income statement score constrained.

Balance Sheet

The balance sheet is a clear strength: the company reports essentially no debt in recent years (debt-to-equity at or near zero), which reduces financial risk and downside in a cyclical industry. Equity has been stable to rising over time, supporting asset backing. The main weakness is low and volatile returns on equity, including negative returns in several years, reflecting the uneven earnings profile rather than balance-sheet strain.

Cash Flow

Cash generation is mixed. Operating cash flow has stayed positive each year, but it is relatively small versus revenue in recent periods and has not consistently translated into free cash flow (free cash flow was negative in FY2020, FY2023, and FY2024). FY2025 returned to positive free cash flow, which is encouraging, but the multi-year volatility suggests working-capital and/or investment swings that limit confidence in durability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.59B	5.65B	5.81B	5.74B	5.42B	5.83B
Gross Profit	1.30B	1.35B	1.45B	1.35B	1.35B	1.75B
EBITDA	140.90M	149.28M	127.00M	12.58M	56.50M	381.84M
Net Income	-143.87M	-107.85M	90.17M	-188.98M	-164.22M	137.68M
Balance Sheet
Total Assets	11.64B	11.86B	11.57B	10.92B	10.78B	10.71B
Cash, Cash Equivalents and Short-Term Investments	2.30B	2.54B	2.61B	2.66B	2.75B	2.66B
Total Debt	0.00	0.00	0.00	0.00	0.00	2.04M
Total Liabilities	1.74B	1.68B	1.58B	1.45B	1.33B	1.33B
Stockholders Equity	9.20B	9.44B	9.28B	8.74B	8.70B	8.71B
Cash Flow
Free Cash Flow	0.00	53.63M	-33.34M	-71.26M	79.44M	296.72M
Operating Cash Flow	0.00	144.94M	111.19M	87.38M	127.28M	569.73M
Investing Cash Flow	0.00	-291.71M	-94.13M	-266.13M	-13.09M	-173.13M
Financing Cash Flow	0.00	-91.32M	-71.27M	-76.54M	-103.42M	-113.29M

FUJIX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1617.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3600, the sentiment is Positive. The current price of 1617 is below the 20-day moving average (MA) of 1663.45, below the 50-day MA of 1633.38, and above the 200-day MA of 1598.74, indicating a bullish trend. The MACD of 5.91 indicates Positive momentum. The RSI at 54.93 is Neutral, neither overbought nor oversold. The STOCH value of 67.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3600.

FUJIX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3569	75 Outperform	¥169.54B	12.26	10.24%	2.43%	6.08%	8.55%
3104	75 Outperform	¥95.52B	19.12	―	1.79%	10.76%	54.82%
3109	72 Outperform	¥13.39B	14.40	―	4.80%	4.49%	26.84%
3524	70 Outperform	¥4.13B	8.68	―	3.18%	3.21%	-21.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3600	59 Neutral	¥2.28B	-24.86	―	3.12%	-1.83%	16.87%
3202	57 Neutral	¥3.87B	79.29	―	2.63%	-3.01%	-65.96%