Fujipream Corporation (4237) AI Stock Analysis

• Market Cap: ¥10.43B
• Dividend Yield: 2.01%
• Average Volume (3M): 68.03K
• Price to Earnings (P/E): 49.9
• Beta (1Y): 0.68
• Revenue Growth: -25.08%
• EPS Growth: 15.08%
• Country: JP
• Employees: 241
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.28
• 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: 61 Neutral
• Price Target: ¥424.00 ▲(40.40% Upside)

The score is primarily driven by mixed financial performance—declining revenue and weaker operating margins plus notably weaker 2025 cash flows—partly offset by a stable balance sheet and improved leverage/ROE. Technicals are supportive with strong upward price trend, but momentum is stretched. Valuation is the key risk given the very high P/E and only modest yield.

Positive Factors

Healthy equity ratio / balance sheet stability

An equity ratio near 62.8% signals a conservatively financed balance sheet, reducing insolvency risk and supporting long-term resilience. This structural strength improves borrowing capacity and cushions the company through cyclical downturns, preserving strategic optionality.

Improved leverage and ROE in 2025

Lower leverage and a recovering ROE indicate better capital efficiency and risk management. Sustained improvement suggests management has strengthened the capital structure, which enhances ability to invest in growth or withstand shocks without sacrificing shareholder returns.

Margin recovery in 2025 (gross & net)

Improving gross and net margins point to effective cost controls or pricing power, which can sustain profitability even with weaker sales. If durable, these margin gains help protect earnings, support cash generation and provide a buffer while top-line recovery is pursued.

Negative Factors

Material revenue decline 2022–2025

A ~45% revenue drop over several years is a structural risk, shrinking scale and eroding market position. Persisting declines impair fixed-cost absorption, constrain reinvestment capacity, and make future margin recovery and growth initiatives harder to execute.

Sharp drop in operating and free cash flow (2025)

Significant OCF and FCF declines reduce internal funding for working capital, capex and debt servicing, increasing reliance on external financing. This materially limits strategic flexibility and raises liquidity risk if cash flow does not reaccelerate sustainably.

Declining EBIT and EBITDA margins

Falling operating margins reflect underlying operational pressures and weaken earnings quality. Sustained margin compression reduces the company's ability to convert revenue into profit, diminishing resilience to cost or demand shocks and lowering long-term return potential.

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

Financials are mixed: revenue declined materially from 2022–2025 and EBIT/EBITDA margins weakened, while equity remains solid (~62.8%) with improved leverage metrics and better net margin/ROE in 2025. The main drag is the sharp drop in operating and free cash flow in 2025, reducing flexibility.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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: Positive
• Last Price: 302.00
• 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:4237, the sentiment is Positive. The current price of 302 is below the 20-day moving average (MA) of 355.90, below the 50-day MA of 323.86, and below the 200-day MA of 327.49, indicating a bullish trend. The MACD of 20.42 indicates Negative momentum. The RSI at 56.17 is Neutral, neither overbought nor oversold. The STOCH value of 32.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4237.

Fujipream Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7927	74 Outperform	¥16.05B	9.03	―	5.18%	4.04%	12.46%
7713	71 Outperform	¥11.10B	11.51	―	2.77%	3.32%	63.26%
6919	66 Neutral	¥11.05B	33.65	―	5.75%	-0.23%	-32.32%
6928	64 Neutral	¥16.36B	20.28	―	2.92%	9.64%	163.46%
7908	63 Neutral	¥11.93B	14.46	―	3.17%	0.30%	4.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4237	61 Neutral	¥10.43B	49.87	―	2.01%	-25.08%	15.08%