Fujimi Incorporated (JP:5384)
:5384
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Fujimi Incorporated
(5384)
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Rating:73Outperform
Price Target:
¥3,668.00
▲(25.66% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily driven by strong underlying financial position and profitability, tempered by elevated cash-flow risk from sharply negative 2026 free cash flow alongside higher debt. Technicals add support given a clear uptrend and positive momentum, while valuation is neutral-to-slightly supportive with a mid-range P/E and moderate dividend yield.
Positive Factors
Recurring consumable business
Fujimi's core revenue comes from repeat purchases of polishing consumables used in customers' manufacturing. This consumable, process-integrated model creates predictable, recurring demand tied to production volumes, supporting revenue durability through cycles in advanced manufacturing.
Negative Factors
Sharp FCF deterioration
Free cash flow swung sharply negative in 2026, signaling heavy investment or working-capital stress. Reduced FCF undermines the company's ability to self-fund dividends, buybacks, or debt paydown and raises near-term funding uncertainty if negative cash conversion persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumable business
Fujimi's core revenue comes from repeat purchases of polishing consumables used in customers' manufacturing. This consumable, process-integrated model creates predictable, recurring demand tied to production volumes, supporting revenue durability through cycles in advanced manufacturing.
Read all positive factors
Fujimi Incorporated (5384) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥239.40B
Dividend Yield3.09%
Average Volume (3M)272.94K
Price to Earnings (P/E)22.0
Beta (1Y)1.25
Revenue Growth11.04%
EPS Growth-3.91%
CountryJP
Employees1,110
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)124.18
Shares Outstanding80,098,500
10 Day Avg. Volume320,980
30 Day Avg. Volume272,943
Financial Highlights & Ratios
PEG Ratio-5.62
Price to Book (P/B)2.37
Price to Sales (P/S)2.87
P/FCF Ratio-22.97
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)156.91
Revenue Forecast (FY)¥76.81B
Fujimi Incorporated Business Overview & Revenue Model
Company Description
Fujimi Incorporated manufactures and sells synthetic precision abrasives in Japan, rest of Asia, North America, Oceanica, and Europe. The company offers various products for slicing crystal silicon ingots, lapping, and polishing silicon wafers; ab...
How the Company Makes Money
Fujimi makes money primarily by selling consumable precision abrasive products used in customers’ manufacturing processes, where consistent surface quality and tight tolerances are required. Its core revenue stream is product sales of abrasive and...
Fujimi Incorporated Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.16B | 69.40B | 62.50B | 51.42B | 58.39B | 51.73B |
| Gross Profit | 28.54B | 30.03B | 26.34B | 21.22B | 26.34B | 23.53B |
| EBITDA | 14.47B | 16.22B | 13.80B | 10.31B | 14.97B | 13.72B |
| Net Income | 9.21B | 9.06B | 9.43B | 6.50B | 10.59B | 9.16B |
Balance Sheet | ||||||
| Total Assets | 100.09B | 121.30B | 90.91B | 84.14B | 80.10B | 76.32B |
| Cash, Cash Equivalents and Short-Term Investments | 27.02B | 31.35B | 27.86B | 34.93B | 36.24B | 36.56B |
| Total Debt | 10.00B | 17.23B | 494.00M | 291.00M | 352.00M | 262.00M |
| Total Liabilities | 23.20B | 36.58B | 14.01B | 11.57B | 11.09B | 13.35B |
| Stockholders Equity | 76.09B | 83.87B | 76.12B | 72.58B | 69.01B | 62.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -8.66B | 413.00M | 3.77B | 5.63B | 7.74B |
| Operating Cash Flow | 0.00 | 12.60B | 12.99B | 7.45B | 7.38B | 9.30B |
| Investing Cash Flow | 0.00 | -20.15B | -15.87B | -5.31B | -822.00M | -1.10B |
| Financing Cash Flow | 0.00 | 12.18B | -5.64B | -5.64B | -6.14B | -3.83B |
Fujimi Incorporated Technical Analysis
Positive
2919.00
Price Trends
3016.85
Positive
2868.27
Positive
2539.66
Positive
Market Momentum
94.88
Positive
47.27
Neutral
8.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5384, the sentiment is Positive. The current price of 2919 is below the 20-day moving average (MA) of 3239.00, below the 50-day MA of 3016.85, and above the 200-day MA of 2539.66, indicating a neutral trend. The MACD of 94.88 indicates Positive momentum. The RSI at 47.27 is Neutral, neither overbought nor oversold. The STOCH value of 8.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5384.
Fujimi Incorporated Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥530.84B | 20.39 | ― | 1.02% | 32.81% | 59.74% | |
73 Outperform | ¥239.40B | 21.97 | ― | 3.09% | 11.04% | -3.91% | |
72 Outperform | ¥98.29B | 12.23 | ― | 1.72% | 23.24% | 55.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥443.11B | 19.76 | 5.77% | 3.28% | 5.30% | -4.93% | |
61 Neutral | ¥195.07B | 36.24 | 10.10% | 1.00% | 1.66% | -43.45% | |
50 Neutral | ¥128.47B | -7.98 | ― | 2.45% | 1.60% | -74.21% |
* Technology Sector Average
JP:5384
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Fujimi Incorporated Corporate Events
Fujimi Renews Takeover Defense Policy to Guard Against Inappropriate Acquisitions
May 14, 2026
Fujimi Incorporated has renewed its policy on measures against large-scale acquisitions of its share certificates, effectively updating its takeover defense framework subject to shareholder approval at the 74th ordinary general meeting on June 24,...
Fujimi Revamps Dividend Policy to Balance Semiconductor Growth Investment and Stable Payouts
May 14, 2026
Fujimi Incorporated has revised its dividend policy to balance growth investment in the semiconductor market with more stable shareholder returns. While maintaining its existing basic policy of targeting a consolidated payout ratio of at least 55%...
Fujimi to Broaden Chairman’s Role in Governance Under Revised Articles
May 14, 2026
Fujimi Incorporated’s board has approved amendments to its Articles of Incorporation that broaden the roles of its top executives in convening and chairing key corporate meetings. The changes, to be submitted to shareholders in June, will al...
Fujimi to Maintain Governance Continuity With Reappointed Board and Auditor Line‑Up
May 14, 2026
Fujimi Incorporated’s board has approved a slate of director and auditor candidates that will be put to a shareholder vote at the 74th Annual General Shareholders’ Meeting on June 24, 2026, largely reappointing the existing leadership ...
Fujimi Revamps Top Management, Promotes Suzuki to President
May 14, 2026
Fujimi Incorporated has announced a leadership reshuffle, elevating President and CEO Keishi Seki to chairman while promoting managing director Katsuhiro Suzuki to president, with fellow managing director Toshiki Owaki moving to an adviser role. T...
Fujimi Raises Year-End Dividend, Lifts Annual Payout to ¥75 per Share
May 14, 2026
Fujimi Incorporated has approved a year-end dividend of ¥38.33 per share for the fiscal year ended March 31, 2026, subject to shareholder approval at its upcoming annual meeting. This brings the total annual dividend to ¥75 per share, in...
Fujimi Posts Double-Digit Sales Growth and Higher Dividend as Investments Weigh on Equity Ratio
May 14, 2026
Fujimi Incorporated reported consolidated net sales of ¥69.4 billion for the year ended March 31, 2026, up 11.0% year on year, with operating profit rising 17.4% to ¥13.8 billion and ordinary profit climbing 15.7% to ¥14.2 billion. ...
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.