Fullcast Holdings Co., Ltd. (JP:4848)
:4848
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Fullcast Holdings Co., Ltd.
(4848)
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Rating:56Neutral
Price Target:
¥1,676.00
▲(1.21% Upside)
Action:Downgraded
Date:02/18/26
The score is held back mainly by weak 2025 cash-flow conversion and the sharp increase in leverage versus the company’s historically low-debt profile. Technicals also remain soft with the price below major moving averages and low RSI. These risks are partially offset by supportive valuation (moderate P/E and strong dividend yield) and a return to revenue growth.
Positive Factors
Revenue Rebound / Demand Resilience
A clear rebound in revenue demonstrates underlying client demand recovery and strengthens the recurring fee base from staffing and outsourcing. Sustained top-line growth across quarters improves scale economics, supports margin recovery potential, and underpins longer-term cash generation if maintained.
Negative Factors
Sharp Leverage Increase
Leverage rising sharply from historically minimal levels materially reduces financial flexibility and raises refinancing and interest-rate risk. Over the coming months the company must generate steadier cash flow to service debt; otherwise, higher leverage could constrain strategic options and elevate default risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound / Demand Resilience
A clear rebound in revenue demonstrates underlying client demand recovery and strengthens the recurring fee base from staffing and outsourcing. Sustained top-line growth across quarters improves scale economics, supports margin recovery potential, and underpins longer-term cash generation if maintained.
Read all positive factors
Fullcast Holdings Co., Ltd. (4848) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥53.09B
Dividend Yield3.66%
Average Volume (3M)47.35K
Price to Earnings (P/E)10.9
Beta (1Y)0.55
Revenue Growth25.14%
EPS Growth5.40%
CountryJP
Employees1,178
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)137.08
Shares Outstanding35,215,450
10 Day Avg. Volume47,360
30 Day Avg. Volume47,353
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)1.89
Price to Sales (P/S)0.76
P/FCF Ratio69.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)158.1
Revenue Forecast (FY)¥105.06B
Fullcast Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Fullcast Holdings Co., Ltd., together with its subsidiaries, provides human resource solutions in Japan. It operates through Short-Term Operational Support Business; Sales Support Business; and Security, Other Businesses segments. The company offe...
How the Company Makes Money
Fullcast generates revenue through multiple streams, primarily from its staffing services, which include temporary and permanent placements for various industries. The company earns fees from client companies for each worker placed, and these fees...
Fullcast Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.62B | 77.23B | 68.56B | 68.97B | 64.64B | 52.37B |
| Gross Profit | 24.82B | 25.28B | 24.52B | 23.01B | 21.46B | 18.03B |
| EBITDA | 8.40B | 9.12B | 9.60B | 9.83B | 10.32B | 8.06B |
| Net Income | 4.81B | 4.78B | 5.49B | 5.89B | 6.62B | 5.01B |
Balance Sheet | ||||||
| Total Assets | 42.83B | 58.21B | 41.52B | 39.09B | 35.60B | 29.48B |
| Cash, Cash Equivalents and Short-Term Investments | 12.35B | 21.09B | 17.53B | 14.47B | 20.63B | 17.41B |
| Total Debt | 1.83B | 12.22B | 1.00B | 1.01B | 1.00B | 1.00B |
| Total Liabilities | 12.88B | 25.55B | 12.65B | 12.31B | 10.68B | 8.91B |
| Stockholders Equity | 29.94B | 30.86B | 28.87B | 25.60B | 23.88B | 19.66B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 844.00M | 5.08B | 4.86B | 6.51B | 6.19B |
| Operating Cash Flow | 0.00 | 1.36B | 5.76B | 5.16B | 6.80B | 6.37B |
| Investing Cash Flow | 0.00 | -6.04B | 175.00M | -6.37B | -958.00M | -99.00M |
| Financing Cash Flow | 0.00 | 6.16B | -2.87B | -4.95B | -2.62B | -2.17B |
Fullcast Holdings Co., Ltd. Technical Analysis
Negative
1656.00
Price Trends
1619.02
Negative
1649.78
Negative
1671.12
Negative
Market Momentum
-29.77
Negative
40.16
Neutral
40.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4848, the sentiment is Negative. The current price of 1656 is above the 20-day moving average (MA) of 1536.50, above the 50-day MA of 1619.02, and below the 200-day MA of 1671.12, indicating a bearish trend. The MACD of -29.77 indicates Negative momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 40.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4848.
Fullcast Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥14.82T | 29.86 | 27.29% | 0.27% | 3.93% | 29.13% | |
75 Outperform | ¥141.66B | 15.08 | ― | 2.38% | 15.54% | 40.98% | |
69 Neutral | ¥532.63B | 12.37 | 19.18% | 3.59% | 7.21% | 20.34% | |
69 Neutral | ¥107.01B | 14.11 | ― | 7.51% | -14.32% | -17.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥53.09B | 10.86 | ― | 3.66% | 25.14% | 5.40% | |
42 Neutral | ¥55.72B | -12.88 | -6.02% | 0.77% | -3.21% | -104.97% |
* Industrials Sector Average
JP:4848
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Fullcast Holdings Co., Ltd. Corporate Events
Fullcast Holdings Announces Consolidated Results for Fiscal 2025
Feb 13, 2026
Fullcast Holdings Co., Ltd. released headline figures for its consolidated business results for the fiscal year ended December 2025, covering the period from January to December 2025. The announcement indicates that the company continues to operat...
Fullcast CEO to Boost Stake with Market Purchase of Up to 100,000 Shares
Feb 13, 2026
Fullcast Holdings announced that its founder and President, Representative Director and CEO, Takehito Hirano, will acquire up to 100,000 ordinary shares of the company, or 0.28% of shares outstanding, via his asset management firm Hirano Associate...
Fullcast Holdings Revamps Audit Oversight With Appointment of New Outside Director
Feb 13, 2026
Fullcast Holdings has announced changes to its management structure, with the Board of Directors resolving to appoint Osamu Saito as an outside director and full-time Audit Supervisory Committee member, effective March 27, 2026, pending sharehold...
Fullcast Launches Share Buyback to Lift Shareholder Returns
Feb 13, 2026
Fullcast Holdings Co., Ltd. has resolved to repurchase up to 150,000 of its ordinary shares, representing about 0.43% of shares outstanding excluding treasury stock, for a maximum total of ¥193 million. The buyback will run from February 16 t...
Fullcast Lifts Dividend and Boosts Buybacks to Exceed 50% Shareholder Return Target
Feb 13, 2026
Fullcast Holdings has approved a year-end dividend of 32 yen per share for the fiscal year ended December 2025, bringing the full-year dividend to 63 yen, up 1 yen from the prior year. The payout will be funded from retained earnings, with total d...
Fullcast lifts dividend as sales surge but profit softens, forecasts strong 2026 rebound
Feb 13, 2026
Fullcast Holdings reported a 12.6% rise in consolidated net sales to ¥77.2 billion and a 10.9% increase in operating profit to ¥7.9 billion for fiscal 2025, while profit attributable to owners of parent fell 12.9% to ¥4.8 billion as...
Fullcast to Acquire ENTRY, Inc. to Bolster Short-Term Staffing Amid Japan’s Shrinking Workforce
Jan 30, 2026
Fullcast Holdings has resolved to acquire all shares of ENTRY, Inc., a leading player in short-term human resource matching for distribution and logistics, turning it into a subsidiary. By integrating ENTRY’s strong customer base, nationwide...
Fullcast to Acquire RGF Talent Units in Push Into Global Permanent Recruitment
Jan 22, 2026
Fullcast Holdings will acquire all shares of RGF Talent Solutions Japan K.K. and Hong Kong-based RGF International Recruitment Holdings Limited from Recruit Co., Ltd., turning both into consolidated subsidiaries as part of its strategy to expand p...
Fullcast to Acquire Fiah Co., Ltd. to Expand Online Recruitment and Placement Services
Dec 24, 2025
Fullcast Holdings has resolved to acquire all shares of Fiah Co., Ltd., a Tokyo-based provider of web application services and performance-based referral and placement solutions in the job-hunting and career-change support field, thereby convertin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.