Fullcast Holdings Co., Ltd. (4848) AI Stock Analysis

• Market Cap: ¥59.20B
• Dividend Yield: 3.66%
• Average Volume (3M): 47.35K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.57
• Revenue Growth: 0.16%
• EPS Growth: -21.98%
• Country: JP
• Employees: 1,178
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 35.20
• Shares Outstanding: 35,215,450
• 10 Day Avg. Volume: 47,360
• 30 Day Avg. Volume: 47,353
• PEG Ratio: -1.74
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 10.28
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥1,926.00 ▲(13.63% Upside)

The overall stock score is driven primarily by strong financial performance, characterized by stable revenues and robust cash flow generation. The valuation is attractive with a low P/E ratio and a solid dividend yield. However, technical indicators suggest a lack of strong momentum, which slightly tempers the overall score.

Fullcast Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Fullcast Holdings Co., Ltd. (4848) is a Japan-based company primarily engaged in the staffing and human resource services sector. The company specializes in providing temporary staffing, workforce management, and consulting services to a diverse range of industries, including manufacturing, logistics, and retail. Fullcast also offers solutions in the area of recruitment process outsourcing and IT personnel dispatching, aiming to streamline workforce operations for its clients.

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 can vary based on the type of work and duration of employment. Additionally, Fullcast engages in consulting services, charging clients for expertise in workforce management and optimization. Significant partnerships with businesses across multiple sectors enhance its earning potential by providing a steady flow of client contracts. The company also focuses on leveraging technology to improve efficiency in staffing processes, which can help reduce operational costs and increase profit margins.

Fullcast Holdings Co., Ltd. Financial Statement Overview

Summary

Fullcast Holdings Co., Ltd. presents a strong financial profile with stable revenues, healthy profitability margins, and a robust balance sheet with minimal leverage. The company's solid cash flow generation enhances its financial flexibility, positioning it well for sustainable growth.

Income Statement

The company has shown consistent revenue growth over the years, although the latest year saw a slight decline. Gross and net profit margins have been stable, with a strong EBIT and EBITDA margin indicating efficient operations. The overall profitability remains robust despite minor fluctuations.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, indicating minimal leverage. The equity ratio is healthy, reflecting a strong capital base. Return on equity is solid, showcasing efficient use of shareholder funds. The company is in a stable financial position with low financial risk.

Cash Flow

Free cash flow has been consistently positive, and the operating cash flow to net income ratio suggests good cash conversion efficiency. The company has demonstrated the ability to generate substantial free cash flow consistently, contributing to financial stability and supporting potential future investments or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	69.62B	68.56B	68.97B	64.64B	52.37B	43.23B
Gross Profit	24.82B	24.52B	23.01B	21.46B	18.03B	17.72B
EBITDA	8.40B	9.60B	9.83B	10.32B	8.06B	6.60B
Net Income	4.81B	5.49B	5.89B	6.62B	5.01B	4.11B
Balance Sheet
Total Assets	42.83B	41.47B	38.98B	35.60B	29.48B	23.95B
Cash, Cash Equivalents and Short-Term Investments	12.35B	17.53B	14.47B	20.63B	17.41B	13.31B
Total Debt	1.83B	1.00B	1.00B	1.00B	1.00B	1.00B
Total Liabilities	12.88B	12.60B	12.19B	10.68B	8.90B	6.56B
Stockholders Equity	29.94B	28.87B	25.60B	23.88B	19.66B	16.66B
Cash Flow
Free Cash Flow	0.00	5.08B	4.86B	6.51B	6.19B	3.70B
Operating Cash Flow	0.00	5.76B	5.16B	6.80B	6.37B	3.98B
Investing Cash Flow	0.00	175.00M	-6.37B	-958.00M	-99.00M	-89.00M
Financing Cash Flow	0.00	-2.87B	-4.95B	-2.62B	-2.17B	-2.47B

Fullcast Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1695.00
• 50DMA: Negative
• 100DMA: Negative
• 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:4848, the sentiment is Neutral. The current price of 1695 is below the 20-day moving average (MA) of 1710.60, below the 50-day MA of 1748.02, and above the 200-day MA of 1643.50, indicating a neutral trend. The MACD of -16.45 indicates Positive momentum. The RSI at 44.12 is Neutral, neither overbought nor oversold. The STOCH value of 19.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4848.

Fullcast Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	79 Outperform	¥109.07B	19.38	―	7.79%	13.16%	-40.17%
7088	73 Outperform	¥65.81B	22.57	―	4.71%	10.29%	22.04%
4848	72 Outperform	¥59.20B	12.39	―	3.66%	0.16%	-21.98%
4318	72 Outperform	¥42.74B	14.02	―	3.95%	8.08%	-19.45%
4641	66 Neutral	¥42.24B	12.82	―	3.58%	7.59%	13.69%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2168	43 Neutral	€72.51B	-9.29	-6.02%	0.78%	-9.70%	-108.59%

Fullcast Holdings Co., Ltd. Corporate Events

Fullcast Holdings Forms Strategic Alliance with Zenken Corporation

Fullcast Holdings Co., Ltd. has entered into a strategic business alliance with Zenken Corporation to enhance its staffing services by integrating Zenken’s expertise in language education and recruitment of skilled professionals from India. This partnership aims to improve the quality of foreign workers’ communication skills, expand service offerings, and ultimately contribute to solving Japan’s labor market challenges while boosting customer satisfaction and corporate value.

The most recent analyst rating on (JP:4848) stock is a Buy with a Yen1825.00 price target. To see the full list of analyst forecasts on Fullcast Holdings Co., Ltd. stock, see the JP:4848 Stock Forecast page.

Fullcast Holdings and HIKARI TSUSHIN Form Joint Venture for Investment Expansion

Fullcast Holdings Co., Ltd. has announced the establishment of a joint venture with HIKARI TSUSHIN, INC. to form FC Asset Management Co., Ltd., an investment fund business. This joint venture aims to expand Fullcast’s business scale by generating investment returns from medium- to long-term investments in listed companies, thereby enhancing its market position and offering growth opportunities for stakeholders.

Fullcast Holdings Completes Treasury Share Disposal

Fullcast Holdings Co., Ltd. has completed the payment procedures for the disposal of treasury shares to its Employee Shareholding Association, initially resolved in May 2025. The number of shares and the total amount for disposal were adjusted due to partial forfeiture of rights, resulting in a reduced number of shares being disposed of. The impact on the company’s financial results for the fiscal year ending December 31, 2025, is expected to be minimal.

Fullcast Holdings Announces Interim Dividend Consistent with Forecasts

Fullcast Holdings Co., Ltd. announced an interim dividend payment of 31 yen per share for the fiscal year ending December 31, 2025, consistent with their previous forecasts. This decision reflects the company’s commitment to returning profits to shareholders, aiming for a total return ratio of 50%, and indicates stable financial performance and shareholder-focused strategies.

Fullcast Holdings Reports Mixed Financial Results for H1 2025

Fullcast Holdings Co., Ltd. reported its consolidated financial results for the first half of the fiscal year ending December 31, 2025, showing a slight increase in net sales by 3.2% year-on-year. However, the company’s operating and ordinary profits saw a decline, with profit attributable to owners of the parent dropping significantly by 19.4%. Despite these challenges, the company forecasts a 6.5% increase in net sales for the full fiscal year, with a notable recovery in operating and ordinary profits. The announcement indicates a cautious yet optimistic outlook for the remainder of the fiscal year, suggesting potential impacts on stakeholders and the company’s market positioning.