Fujipream Corporation (4237) AI Stock Analysis

• Market Cap: ¥11.94B
• Dividend Yield: 2.01%
• Average Volume (3M): 68.03K
• Price to Earnings (P/E): 2773.7
• Beta (1Y): 0.80
• Revenue Growth: -25.08%
• EPS Growth: 15.08%
• Country: JP
• Employees: 241
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -2.09
• Shares Outstanding: 29,786,400
• 10 Day Avg. Volume: 70,880
• 30 Day Avg. Volume: 68,026
• PEG Ratio: -0.69
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.93
• P/FCF Ratio: 46.95
• 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: 66 Neutral
• Price Target: ¥435.00 ▲(44.04% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is driven primarily by mixed financial performance: declining revenue and weaker operating margins are partially offset by a solid equity base and improved leverage, but shrinking operating/free cash flow is a notable risk. Technicals are a clear positive with strong trend and momentum (though somewhat overbought). Valuation meaningfully drags the score due to the very high P/E and modest dividend yield.

Positive Factors

Healthy equity base

A ~62.8% equity ratio and lower leverage provide durable financial stability, reducing bankruptcy risk and preserving borrowing capacity. This capital structure gives management room to fund operations or strategic initiatives and absorb shocks over the next several quarters.

Improved gross and net margins

Margin improvement in 2025 signals stronger cost control or a better product mix, supporting sustainable profitability even if top-line growth lags. Better gross/net margins help protect cash generation and earnings quality across a 2–6 month horizon as management executes efficiency measures.

Improved leverage and ROE

Reduced debt relative to equity and higher ROE indicate improved capital efficiency and lower financial risk. These trends enhance strategic flexibility for investment or selective share returns and increase resilience to cyclical downturns over the medium term.

Negative Factors

Significant revenue decline

A roughly 45% revenue decline over multiple years materially reduces scale, weakens market position, and impairs operating leverage. Sustained top-line contraction limits reinvestment capacity, pressures margins long-term, and makes recovery dependent on structural demand or new product wins.

Sharp drop in operating and free cash flow

Substantially lower operating and free cash flow erodes internal funding for capex, working capital, and debt repayment. Reduced cash generation elevates reliance on external financing, constrains strategic options, and increases liquidity risk across multiple quarters.

Weaker EBIT/EBITDA margins

Declining EBIT and EBITDA margins point to persistent operational/efficiency issues or unfavorable product mix. Even with some gross/net margin gains, weaker operating margins reduce earnings resilience and limit the firm's ability to rebuild cash flow and invest for growth.

Fujipream Corporation Business Overview & Revenue Model

Company Description

Fujipream Corporation manufactures and sells optical filters for plasma display panels, optical devices, photovoltaic devices, and manufacturing devices in Japan. The company manufactures and sells liquid crystal display materials and touch panel sensors, and optical films, which are used in the plasma TVs, LCD monitors, smartphones, tablets, laptop computers, and car navigation systems. It also manufactures semiconductor-related equipment; ultra-lightweight and silicon crystal photovoltaic modules; photovoltaic modules integrated into building materials; designs, retails, and installs solar power generation systems under the Fujipream brand; and manufactures, sells, and installs shatterproof film laminated glass and insulated glazing. In addition, the company offers packaging lines and related equipment, such as wrap-around casers, set-up and robot casers, tray packers, individual cartoners, bagging equipment, carton formers, labelers, pack boxers, palletizers, and pallet conveyors and dispensers for food and beverages, pharmaceuticals and reagents, and other industries. Further, the company offers robot systems and related equipment, including assembly, handling, palletizing, alignment, travel systems, various special bands, and automatic tool replacement systems; laminators and related equipment comprising vertical and flat laminators for optical applications and building materials, various types of transfer equipment, clean transport, conductive tape application equipment, vertical and flat washing machines, and various types of inspection equipment; and other special equipment, such as solar automatic tracking equipment, equipment for evaluating optical characteristics, spray coaters, UV irradiators, tray chains, photovoltaic related equipment, pharmaceutical and reagent manufacturing related equipment, FPD-related equipment, special equipment, and other general industrial equipment. The company was incorporated in 1982 and is headquartered in Himeji, Japan.

How the Company Makes Money

Fujipream Corporation generates revenue primarily through the sale of its semiconductor materials and components to various manufacturers in the electronics industry. The company's revenue model is based on direct sales to both domestic and international clients, with a significant portion of its earnings derived from long-term contracts with key industry players. Additionally, Fujipream may engage in strategic partnerships with technology firms to co-develop advanced materials, which can create new revenue streams. The company also invests in research and development to enhance its product offerings, thereby attracting more clients and increasing market share. Overall, the combination of product sales, long-term contracts, and strategic collaborations underpins Fujipream's financial performance.

Fujipream Corporation Financial Statement Overview

Summary

Overall financials show mixed quality: revenues declined materially from 2022–2025 and EBIT/EBITDA margins weakened, but gross and net margins improved in 2025. The balance sheet is relatively stable with a ~62.8% equity ratio and improved leverage, while cash flow is a key risk due to sharply lower operating and free cash flow in 2025.

Income Statement

The company has a declining revenue trend from 2022 to 2025, with total revenue decreasing by approximately 45% over this period. The gross profit margin improved slightly in the most recent year, indicating better cost management despite declining sales. The net profit margin also improved in 2025, reflecting better operational efficiency. However, EBIT and EBITDA margins have declined, suggesting operational challenges and reduced profitability.

Balance Sheet

The balance sheet shows a healthy equity ratio of around 62.8%, indicating financial stability. The debt-to-equity ratio decreased, reflecting improved leverage and risk management. Return on equity improved in 2025, indicating better utilization of shareholder equity. However, the declining total assets and increased debt levels in the past years point toward potential liquidity risks.

Cash Flow

Operating cash flow decreased significantly in 2025, impacting the company's ability to finance operations internally. The free cash flow declined sharply in 2025, indicating reduced financial flexibility. The free cash flow to net income ratio was positive, suggesting some efficiency in converting net income into cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.05B	10.62B	13.25B	16.42B	19.24B	12.59B
Gross Profit	1.42B	1.49B	1.82B	2.01B	1.88B	1.18B
EBITDA	941.96M	1.02B	1.31B	1.45B	1.35B	681.65M
Net Income	247.01M	262.85M	574.20M	707.13M	443.89M	207.00M
Balance Sheet
Total Assets	15.65B	15.96B	18.44B	16.83B	17.51B	14.68B
Cash, Cash Equivalents and Short-Term Investments	4.39B	4.21B	5.25B	3.75B	3.53B	3.11B
Total Debt	4.52B	4.57B	5.56B	5.14B	5.67B	4.21B
Total Liabilities	5.81B	5.95B	8.44B	7.30B	8.52B	5.96B
Stockholders Equity	9.84B	10.02B	9.87B	9.42B	8.87B	8.60B
Cash Flow
Free Cash Flow	0.00	209.97M	1.26B	996.00M	896.15M	70.41M
Operating Cash Flow	0.00	437.18M	1.60B	1.17B	1.19B	356.69M
Investing Cash Flow	0.00	-223.43M	-372.38M	-69.91M	35.44M	-458.63M
Financing Cash Flow	0.00	-1.23B	234.34M	-703.60M	-996.90M	-332.98M

Fujipream Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 302.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4237, the sentiment is Neutral. The current price of 302 is below the 20-day moving average (MA) of 429.50, below the 50-day MA of 372.72, and below the 200-day MA of 337.50, indicating a neutral trend. The MACD of 10.62 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 3.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4237.

Fujipream Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7713	77 Outperform	¥14.70B	15.24	―	2.77%	3.32%	63.26%
6863	75 Outperform	¥15.69B	12.47	―	5.39%	6.45%	26.58%
6853	73 Outperform	¥21.82B	21.76	―	2.93%	-1.58%	12.24%
6874	72 Outperform	¥24.59B	10.85	―	2.84%	8.78%	16.25%
4237	66 Neutral	¥11.94B	2,773.72	―	2.01%	-25.08%	15.08%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6858	59 Neutral	¥10.54B	24.74	―	2.45%	15.66%	-69.17%