Fabrica Holdings Co.Ltd. (4193) AI Stock Analysis

• Market Cap: ¥11.50B
• Dividend Yield: 2.81%
• Average Volume (3M): 12.16K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.33
• Revenue Growth: 12.49%
• EPS Growth: -57.87%
• Country: JP
• Employees: 193
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 37.08
• Shares Outstanding: 5,475,400
• 10 Day Avg. Volume: 13,300
• 30 Day Avg. Volume: 12,156
• PEG Ratio: -0.80
• Price to Book (P/B): 3.70
• Price to Sales (P/S): 1.47
• P/FCF Ratio: 16.02
• 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): 124.8
• Revenue Forecast (FY): ¥10.35B

• Rating: 63 Neutral
• Price Target: ¥2,260.00 ▲(11.66% Upside)
• Action: Downgraded Date: 11/21/25
• Date: Action: Downgraded 11/21/25

Fabrica Holdings Co.Ltd. has a strong financial foundation with robust cash flow and revenue growth, which is the most significant factor supporting the stock score. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock is relatively expensive, which weigh down the overall score.

Positive Factors

Revenue Growth Trend

Sustained revenue growth from 2020–2025 indicates expanding product adoption and market penetration. This durable top-line expansion supports repeatable growth, funds reinvestment in product and sales initiatives, and reduces reliance on one-off drivers, improving long-term visibility.

Strong Operating Cash Flow

Operating cash flow consistently exceeding net income and strong free cash flow growth show reliable cash conversion. That durability funds capex, R&D, dividends or buybacks and lowers reliance on external finance, giving management flexibility to execute multi-year strategic initiatives.

Solid Balance Sheet / Low Leverage

A strong equity base and favorable debt-to-equity ratio signal low leverage and financial resilience. This structural strength preserves liquidity during downturns, enables opportunistic M&A or investment, and maintains strategic optionality without materially increasing financial risk over time.

Negative Factors

Net Profit Margin Volatility

Volatile net profit margins, noted despite healthy gross margins, create inconsistent bottom-line performance. Persistent margin swings complicate cash flow predictability and capital allocation, making it harder to plan durable investments and to sustain reliable shareholder returns over multiple quarters.

Steep EPS Decline

A large negative EPS growth rate (-68.6%) reflects significant earnings pressure. If this decline stems from recurring operational issues rather than one-offs, it undermines internal funding capacity, weakens confidence in profitability trends, and constrains long-term reinvestment and dividend potential.

Limited Scale (Small Workforce)

A relatively small employee base (193) suggests limited scale for a software application company. Smaller scale can restrict R&D breadth, sales coverage, and ability to absorb competitive or macro shocks, making sustained market share expansion and margin improvement more challenging over time.

Fabrica Holdings Co.Ltd. Business Overview & Revenue Model

Company Description

Fabrica Communications Co., LTD. engages in the system development and sales business primarily for the used car aftermarket business. The company provides symphony, a platform for the used car business, which includes customer/sales management, multi- advertising system linked to inventory management system, B2B marketplace, auto loan/used car warranty service, used car export cooperation, and in-house groupware solutions. It is also involved in the internet media and web marketing, and automobile maintenance and car rental businesses; and provides short message service distribution solutions for corporations. The company was incorporated in 1994 and is headquartered in Nagoya, Japan.

How the Company Makes Money

Fabrica Holdings generates revenue through several key streams, including the sale of textiles and apparel to wholesalers and retailers, as well as direct-to-consumer sales through its online platforms. The company also benefits from strategic partnerships with fashion brands and retailers, allowing it to expand its market reach and product distribution. Additionally, Fabrica Holdings may engage in contract manufacturing for other brands, providing bespoke textile solutions that further contribute to its earnings. The focus on sustainability and innovation not only attracts eco-conscious consumers but also enables the company to differentiate itself in a competitive market, enhancing its profitability.

Fabrica Holdings Co.Ltd. Financial Statement Overview

Summary

Fabrica Holdings Co.Ltd. presents a strong financial profile with consistent revenue growth, efficient operations, and a stable balance sheet. The company is well-positioned in the software application industry, with robust cash flow supporting future growth initiatives. While profitability margins show room for improvement, the overall financial health is commendable.

Income Statement

Fabrica Holdings Co.Ltd. has demonstrated robust revenue growth, with a consistent upward trajectory from 2020 to 2025. The gross profit margin remains strong, indicating efficient cost management. However, the net profit margin has shown some volatility, suggesting potential areas for cost optimization. EBIT and EBITDA margins are healthy, reflecting operational efficiency.

Balance Sheet

The company maintains a solid equity base with a favorable debt-to-equity ratio, indicating low leverage risk. The return on equity is commendable, showcasing effective use of equity to generate profits. The equity ratio is strong, highlighting a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

Fabrica Holdings exhibits strong operating cash flow, consistently exceeding net income, which is a positive indicator of cash-generating efficiency. The free cash flow growth is impressive, supporting potential reinvestment and shareholder returns. The cash flow ratios reflect a healthy alignment between cash generation and profitability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.53B	9.21B	8.16B	7.60B	5.86B	4.83B
Gross Profit	4.34B	4.24B	4.00B	3.86B	3.15B	2.65B
EBITDA	1.32B	966.23M	1.19B	1.29B	967.79M	750.30M
Net Income	351.60M	331.67M	673.53M	810.10M	574.16M	455.46M
Balance Sheet
Total Assets	5.13B	5.38B	5.30B	4.70B	3.76B	2.27B
Cash, Cash Equivalents and Short-Term Investments	2.25B	2.62B	2.10B	2.27B	2.30B	1.05B
Total Debt	125.56M	249.47M	419.49M	298.03M	413.64M	655.13M
Total Liabilities	1.48B	1.72B	1.71B	1.52B	1.37B	1.46B
Stockholders Equity	3.66B	3.66B	3.60B	3.18B	2.40B	807.45M
Cash Flow
Free Cash Flow	0.00	846.50M	246.63M	846.88M	400.28M	452.70M
Operating Cash Flow	0.00	1.06B	602.49M	1.04B	566.92M	621.35M
Investing Cash Flow	0.00	-196.06M	-451.69M	-753.53M	-100.17M	-102.90M
Financing Cash Flow	0.00	-495.76M	-204.02M	-240.16M	774.47M	-154.48M

Fabrica Holdings Co.Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2024.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4193, the sentiment is Positive. The current price of 2024 is below the 20-day moving average (MA) of 2058.65, below the 50-day MA of 2052.84, and below the 200-day MA of 2063.85, indicating a bullish trend. The MACD of 16.88 indicates Negative momentum. The RSI at 56.99 is Neutral, neither overbought nor oversold. The STOCH value of 73.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4193.

Fabrica Holdings Co.Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3763	82 Outperform	¥42.19B	18.67	―	1.92%	20.81%	68.06%
4477	73 Outperform	¥36.67B	20.10	―	―	27.97%	-5.25%
2307	70 Outperform	¥15.31B	9.32	―	3.14%	3.58%	0.23%
299A	70 Outperform	¥44.40B	17.94	―	―	―	―
4193	63 Neutral	¥11.50B	13.78	―	2.81%	12.49%	-57.87%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5027	49 Neutral	¥29.79B	39.28	―	―	20.84%	10.41%