FUJIKURA COMPOSITES Inc. (5121) AI Stock Analysis

• Market Cap: ¥51.70B
• Dividend Yield: 3.36%
• Average Volume (3M): 65.36K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.81
• Revenue Growth: 7.18%
• EPS Growth: 29.03%
• Country: JP
• Employees: 2,307
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 30.58
• Shares Outstanding: 20,074,968
• 10 Day Avg. Volume: 68,220
• 30 Day Avg. Volume: 65,356
• PEG Ratio: 0.17
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 8.46
• 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): 206.1
• Revenue Forecast (FY): ¥40.90B

• Rating: 80 Outperform
• Price Target: ¥2,996.00 ▲(46.86% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is driven primarily by strong financial performance (revenue growth, solid margins, low leverage, and robust operating cash flow). Valuation is supportive with a reasonable P/E and a moderate dividend yield. Technicals are positive due to a strong uptrend, but elevated RSI/Stoch readings temper the score due to near-term overextension risk.

Positive Factors

Revenue Growth

Sustained top-line expansion demonstrates the company is winning demand across its end markets and building scale. Over 2-6 months this trend supports capacity utilization, bargaining power with suppliers, and provides a base for continued reinvestment and margin resilience.

Margin Sustainability

Healthy gross and net margins indicate effective cost control and pricing power in manufactured components. These margins create a durable earnings cushion against input cost swings and support reinvestment or dividends, underpinning long-term profitability sustainability.

Strong Cash & Low Leverage

Robust operating cash generation combined with very low leverage provides financial flexibility to fund capex, weather downturns, or pursue strategic investments. This balance sheet strength reduces refinancing risk and supports long-term operational stability.

Negative Factors

Declining Free Cash Flow Growth

A slowdown in free cash flow growth signals potential pressure on the company's ability to convert earnings into discretionary cash. Over months this can constrain capex funding, limit shareholder returns, or force higher leverage if spending needs persist.

Drop in Stockholders' Equity

A reduction in equity can reflect dividend payouts, buybacks, or accumulated losses and may signal reduced capital buffer. Persisting declines weaken the balance sheet over time and reduce capacity to absorb losses or pursue growth without raising external capital.

Auto-Parts Industry Cyclicality

Heavy exposure to the auto-parts sector subjects the firm's demand to vehicle production cycles and OEM capex swings. Structural shifts in vehicle technology and cyclical downturns could compress volumes and margins over several months, increasing revenue volatility.

FUJIKURA COMPOSITES Inc. Business Overview & Revenue Model

Company Description

FUJIKURA COMPOSITES Inc. engages in the production and sale of industrial rubber components in Japan. It also manufactures and sells industrial materials, including pneumatic controllers, anti-vibration mounts, and peripherals; printing materials; electrical and electronic equipment; rescue and life-saving equipment; and carbon shafts for golf clubs. In addition, the company offers gas/water residential equipment to control and regulate the gas and water; and rubber packings, sealing materials, admixtures, etc. for connection and branching of communication cables. Further, it provides fire prevention sheets; rubber blankets for various offset printing, such as books, magazines, newspapers, packages, metal deco, drink cans, plastic cups, and others; and audio cone material. FUJIKURA COMPOSITES Inc. sells its offset printing blanket under the Fujikura Graphics brand name. The company was formerly known as Fujikura Rubber Ltd. and changed its name to FUJIKURA COMPOSITES Inc. in April 2019. FUJIKURA COMPOSITES Inc. was founded in 1901 and is headquartered in Tokyo, Japan.

How the Company Makes Money

FUJIKURA COMPOSITES generates revenue primarily through the sale of its composite materials and products to a diverse range of industries. Key revenue streams include direct sales to manufacturers in the aerospace and automotive sectors, where lightweight and high-strength materials are increasingly sought after for their efficiency and performance benefits. The company may also engage in long-term contracts and partnerships with major players in these sectors, ensuring a steady stream of income. Additionally, FUJIKURA COMPOSITES may invest in research and development to create new applications and improve existing products, potentially leading to higher sales and market expansion. Factors contributing to its earnings include the rising demand for lightweight materials driven by global trends toward sustainability and energy efficiency, as well as the company's ability to innovate and adapt to changing market needs.

FUJIKURA COMPOSITES Inc. Financial Statement Overview

Summary

Strong fundamentals: revenue grew from 37.79B JPY (2024) to 41.33B JPY (2025), profitability is solid (gross margin ~30.6%, net margin ~9.4%), leverage is low (debt-to-equity ~0.12), and operating cash flow is strong (6.89B JPY). The main watch item is the decline in free cash flow growth and a decrease in stockholders’ equity versus the prior year.

Income Statement

Fujikura Composites Inc. has demonstrated strong revenue growth, from 37.79 billion JPY in 2024 to 41.33 billion JPY in 2025, indicating a positive trajectory in sales. The gross profit margin remains healthy at approximately 30.6%, and the net profit margin is robust at 9.4%, reflecting effective cost management and profitability. EBIT and EBITDA margins are also solid, showing operational efficiency.

Balance Sheet

The company maintains a strong equity base with a debt-to-equity ratio of approximately 0.12, suggesting low leverage and financial stability. The equity ratio is high, indicating a solid capital structure. Return on equity is favorable at 11.3%, showcasing effective use of shareholder funds. However, the decrease in stockholders' equity from the previous year may require monitoring.

Cash Flow

The cash flow statement reveals a substantial operating cash flow of 6.89 billion JPY, with a strong free cash flow to net income ratio, demonstrating efficient cash generation relative to earnings. The free cash flow growth rate, however, declined, indicating potential challenges in cash retention or increased capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	42.26B	41.33B	37.79B	40.69B	37.19B	29.28B
Gross Profit	13.35B	12.65B	10.80B	11.18B	10.29B	6.59B
EBITDA	7.16B	6.41B	5.66B	6.51B	6.69B	2.96B
Net Income	4.03B	3.89B	3.25B	3.95B	4.06B	1.18B
Balance Sheet
Total Assets	47.21B	47.83B	44.08B	40.37B	37.75B	34.88B
Cash, Cash Equivalents and Short-Term Investments	10.54B	10.88B	10.23B	7.23B	6.91B	5.78B
Total Debt	3.60B	4.05B	435.47M	514.31M	2.87B	4.08B
Total Liabilities	12.68B	13.39B	7.58B	7.03B	10.28B	10.06B
Stockholders Equity	34.53B	34.43B	36.50B	33.34B	27.47B	24.82B
Cash Flow
Free Cash Flow	0.00	3.22B	4.32B	1.39B	4.50B	1.70B
Operating Cash Flow	0.00	6.89B	5.27B	2.44B	4.80B	3.13B
Investing Cash Flow	0.00	-3.17B	-1.06B	-857.25M	-418.98M	-1.37B
Financing Cash Flow	0.00	-3.45B	-1.38B	-1.73B	-3.77B	-1.45B

FUJIKURA COMPOSITES Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2040.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5121, the sentiment is Positive. The current price of 2040 is below the 20-day moving average (MA) of 2513.90, below the 50-day MA of 2266.88, and above the 200-day MA of 1854.32, indicating a bullish trend. The MACD of 120.20 indicates Negative momentum. The RSI at 79.73 is Negative, neither overbought nor oversold. The STOCH value of 91.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5121.

FUJIKURA COMPOSITES Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5121	80 Outperform	¥51.70B	13.89	―	3.36%	7.18%	29.03%
7988	79 Outperform	¥520.28B	11.58	―	1.60%	-5.16%	200.96%
7282	75 Outperform	¥595.80B	13.50	8.26%	2.62%	1.44%	-0.92%
5161	73 Outperform	¥166.35B	23.86	―	5.78%	-4.26%	17.85%
4246	71 Outperform	¥64.30B	7.27	8.48%	4.59%	1.04%	18.43%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
5162	58 Neutral	¥3.69B	-146.23	―	3.03%	4.17%	-693.96%

FUJIKURA COMPOSITES Inc. Corporate Events

Fujikura Composites Hikes Year-End Dividend Forecast for FY2026

Fujikura Composites Inc. has revised its shareholder return plan by raising its forecast for the year-end dividend for the fiscal year ending March 31, 2026, to 43 yen per share, up from the previous forecast of 33 yen. This brings the expected total annual dividend to 76 yen per share, compared with 64 yen in the prior fiscal year.

The board’s decision reflects management’s assessment of current and future earnings, financial position, business environment, and investment plans, and is framed as part of a broader commitment to enhancing returns to shareholders. The company now expects a dividend on equity of 4.7 percent and signals that dividends from the next fiscal year onward will continue to be guided by its established Shareholder Return Policy, underscoring a stable and shareholder-friendly capital allocation stance.

The most recent analyst rating on (JP:5121) stock is a Buy with a Yen2730.00 price target. To see the full list of analyst forecasts on FUJIKURA COMPOSITES Inc. stock, see the JP:5121 Stock Forecast page.

Fujikura Composites Lifts Dividend as Profits Ease but Balance Sheet Strengthens

Fujikura Composites reported nine-month net sales to December 31, 2025 essentially flat at ¥29.9 billion, while operating and ordinary profit dipped slightly and profit attributable to owners fell 9.1%, reflecting a modest earnings slowdown despite steady revenue. The company’s financial position improved, with total assets stable around ¥47.7 billion, net assets rising and the equity ratio strengthening to 75.5%, supported by a reduced share count and trust-based share schemes.

The board announced an upward revision to its dividend plan for the year ending March 31, 2026, now targeting a total annual payout of ¥76 per share, up from ¥64 the previous year, underscoring a stronger shareholder return stance. For the full fiscal year, Fujikura Composites maintained its forecast, guiding to marginally higher sales and mid–single-digit profit growth, signaling confidence in earnings resilience despite recent profit softness and accounting policy changes.

The most recent analyst rating on (JP:5121) stock is a Buy with a Yen2730.00 price target. To see the full list of analyst forecasts on FUJIKURA COMPOSITES Inc. stock, see the JP:5121 Stock Forecast page.

Fujikura Composites Lifts Year-end Dividend Forecast for FY2026

Fujikura Composites Inc. has revised its year-end dividend forecast for the fiscal year ending March 31, 2026, raising the planned payout from 33 yen to 43 yen per share. This will lift the total annual dividend to 76 yen per share, compared with 64 yen in the previous fiscal year, signaling stronger returns for shareholders.

The company said the increase reflects its assessment of recent and future earnings trends, financial position, business environment and investment plans, and projects a dividend on equity of 4.7%. Management indicated that future dividends after the next fiscal year will continue to be based on its existing Shareholder Return Policy, underscoring a commitment to ongoing capital returns.

The most recent analyst rating on (JP:5121) stock is a Buy with a Yen2730.00 price target. To see the full list of analyst forecasts on FUJIKURA COMPOSITES Inc. stock, see the JP:5121 Stock Forecast page.

Fujikura Composites Holds Sales Steady, Lifts Dividend Outlook Despite Profit Dip

Fujikura Composites reported flat net sales of ¥29.87 billion for the nine months to December 31, 2025, with operating and ordinary profit slipping slightly and profit attributable to owners of parent down 9.1%, reflecting a modest earnings deterioration despite stable revenue. The balance sheet strengthened, with total assets steady at about ¥47.7 billion and the equity ratio rising to 75.5%, while the company kept its full-year forecast for marginal sales growth and mid‑single‑digit profit increases, and announced an upward revision to its dividend outlook, signaling confidence in cash generation and a continued shareholder‑return focus.

For the year ending March 31, 2026, Fujikura Composites projects net sales of ¥40.7 billion and profit attributable to owners of parent of ¥3.8 billion, implying only slight growth against retrospectively restated prior figures. The company also reported a reduced number of issued shares and treasury shares, in part due to trust-type equity compensation schemes, a structure that supports incentive alignment for officers while maintaining a conservative capital profile that may appeal to long-term investors.

The most recent analyst rating on (JP:5121) stock is a Buy with a Yen2730.00 price target. To see the full list of analyst forecasts on FUJIKURA COMPOSITES Inc. stock, see the JP:5121 Stock Forecast page.

Fujikura Composites Reports Progress on Share Buyback Program

FUJIKURA COMPOSITES Inc. has disclosed the status of its ongoing share repurchase program, reporting that it bought back 144,300 shares of its common stock on the Tokyo Stock Exchange between January 5 and January 31, 2026, for a total of approximately 309.8 million yen. This buyback forms part of a larger Board-approved program authorized in December 2025 that allows repurchases of up to 1.3 million shares, or 6.48% of outstanding shares excluding treasury stock, for as much as 2.0 billion yen through July 31, 2026, signaling an effort to enhance shareholder returns and potentially improve capital efficiency.

The most recent analyst rating on (JP:5121) stock is a Buy with a Yen2621.00 price target. To see the full list of analyst forecasts on FUJIKURA COMPOSITES Inc. stock, see the JP:5121 Stock Forecast page.