Fujikura Ltd (5803) AI Stock Analysis

• Market Cap: ¥7.38T
• Dividend Yield: 0.91%
• Average Volume (3M): 8.57M
• Price to Earnings (P/E): 51.3
• Beta (1Y): 2.05
• Revenue Growth: 27.53%
• EPS Growth: 137.34%
• Country: JP
• Employees: 50,254
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 162.32
• Shares Outstanding: 295,863,430
• 10 Day Avg. Volume: 10,605,850
• 30 Day Avg. Volume: 8,568,170
• PEG Ratio: 0.21
• Price to Book (P/B): 3.65
• Price to Sales (P/S): 1.52
• P/FCF Ratio: 17.15
• 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): 532.11
• Revenue Forecast (FY): ¥1.16T

• Rating: 72 Outperform
• Price Target: ¥27,961.00 ▲(63.66% Upside)
• Action: Upgraded Date: 02/26/26
• Date: Action: Upgraded 02/26/26

The score is driven primarily by strong financial performance (growth, improving profitability, and solid cash flow). Technicals are supportive due to a strong uptrend, but an overbought RSI increases near-term risk. Valuation is the main constraint, with a high P/E and low dividend yield.

Positive Factors

Revenue & Margin Improvement

Sustained 22% revenue growth with rising gross and net margins indicates improving product mix and operational leverage. Over the next 2–6 months this supports repeatable earnings, funds reinvestment in higher-margin products, and strengthens core profitability beyond transient cycles.

Free Cash Flow Strength

Nearly 18% FCF growth and efficient operating cash conversion point to robust internal funding ability. Durable cash generation enables capex funding, debt paydown, or targeted R&D/product investments, improving financial flexibility and reducing reliance on external financing longer term.

Diversified End-Market Exposure

Broad exposure to energy, telecom, electronics and automotive markets cushions revenue against any single-sector downturn. Structural trends—grid renewal, fiber rollouts, and vehicle electrification—support sustained demand for cables, fiber and wiring harnesses over multiple quarters.

Negative Factors

Substantial Liabilities

Although equity is healthy, sizable total liabilities leave the company exposed if growth slows. Persistent liabilities can increase interest costs, constrain capital allocation, and create refinancing or covenant risk over the medium term, reducing strategic optionality.

Income Volatility

Past net income volatility suggests exposure to cyclical demand, commodity or FX swings, and margin variability. This unpredictability complicates forecasting, capital allocation and stakeholder confidence, making it harder to plan investments and maintain stable returns over coming quarters.

Rising Capital Expenditures

Higher capex may be required for capacity and technology upgrades, but it will reduce free cash flow if returns lag expectations. Over 2–6 months, elevated investment needs could compress liquidity cushions, limit discretionary spending, or necessitate more external financing if cash conversion slows.

Fujikura Ltd Business Overview & Revenue Model

Company Description

Fujikura Ltd. researches, develops, manufactures, and sells wires and cables in Japan, the United States, China, and internationally. The company operates in four segments: Power & Telecommunication Systems Company, Electronics Business Company, Automotive Products Company, and Real Estate Business Company. It offers power and telecommunication systems products, including twisted pair cables, coaxial cables, eco cables, conductors, OHTL and power cables, magnet wires, energy harvesting products, optical fibers/fiber cables, splicers and others, optical components, optical connectors/connected parts, specialty fibers, optical applied products, optical camera link cable assemblies, and fiber lasers. The company also offers electronics products, such as sensors, electrical components, electronic wires, thermal products, and connectors; automotive components, automotive wires, wire harnesses, relay connectors, main fuse and joint boxes, and other products; and superconductors, medical devices, and wireless communications modules. In addition, it develops a complex facility to combine businesses, shopping, and amenities; leases offices; and provides real estate brokerage, professional lessons, golf school, and event services. Fujikura Ltd. was founded in 1885 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Fujikura generates revenue through multiple streams, with a significant portion coming from the sale of optical fibers and cables used in telecommunications infrastructure. The company also earns income from its automotive division, which supplies wiring harnesses and components for vehicle manufacturers. Additionally, Fujikura's energy sector contributes to its revenue through the provision of cables and systems for power generation and distribution. Partnerships with major telecommunications companies and automotive manufacturers enhance its market reach and stability. The company's commitment to innovation and technology development allows it to maintain competitive advantages, further driving its earnings.

Fujikura Ltd Financial Statement Overview

Summary

Strong fundamentals supported by 22.47% revenue growth (2024–2025), improved gross/net margins, and solid cash generation with 17.92% free cash flow growth. Balance sheet is healthy with a 49.07% equity ratio and improving debt-to-equity, but sizable liabilities and historical net income volatility temper the score.

Income Statement

Fujikura Ltd has demonstrated a strong revenue growth rate of 22.47% from 2024 to 2025, indicating robust market performance. The gross profit margin and net profit margin have improved significantly, reflecting enhanced profitability. The EBIT and EBITDA margins also show a positive trend, highlighting effective operational management. However, historical volatility in net income remains a concern.

Balance Sheet

The company has a healthy equity ratio of 49.07% in 2025, indicating a strong capital structure. The debt-to-equity ratio has improved over the years, suggesting prudent financial management. However, total liabilities are still substantial, which poses a risk if revenue growth stalls. Return on equity has seen a positive trajectory, reflecting improved shareholder value.

Cash Flow

Fujikura Ltd exhibits a strong free cash flow growth of 17.92% from 2024 to 2025. The operating cash flow to net income ratio indicates efficient cash conversion, and free cash flow to net income is strong, showing good cash generation. However, capital expenditures have increased, which could impact future free cash flow if not managed carefully.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.03T	979.38B	799.76B	806.45B	670.35B	643.74B
Gross Profit	282.12B	260.44B	170.71B	171.02B	126.59B	109.10B
EBITDA	161.75B	147.53B	92.19B	84.04B	86.30B	41.63B
Net Income	103.33B	91.12B	51.01B	40.89B	39.10B	-5.37B
Balance Sheet
Total Assets	796.11B	830.31B	723.87B	656.78B	611.53B	569.12B
Cash, Cash Equivalents and Short-Term Investments	141.66B	184.99B	147.76B	107.23B	91.04B	74.74B
Total Debt	145.12B	168.62B	197.75B	213.22B	217.60B	247.31B
Total Liabilities	350.86B	394.98B	357.29B	362.40B	367.87B	384.64B
Stockholders Equity	417.68B	407.49B	341.09B	270.54B	220.49B	162.83B
Cash Flow
Free Cash Flow	0.00	86.81B	73.61B	42.71B	24.62B	43.94B
Operating Cash Flow	0.00	115.91B	94.44B	58.14B	40.39B	62.59B
Investing Cash Flow	0.00	-23.42B	-23.40B	-9.73B	7.84B	-7.15B
Financing Cash Flow	0.00	-54.89B	-34.12B	-33.92B	-36.92B	-26.53B

Fujikura Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17085.00
• 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:5803, the sentiment is Positive. The current price of 17085 is below the 20-day moving average (MA) of 23081.00, below the 50-day MA of 19937.50, and above the 200-day MA of 14329.37, indicating a bullish trend. The MACD of 1804.13 indicates Negative momentum. The RSI at 73.68 is Negative, neither overbought nor oversold. The STOCH value of 83.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5803.

Fujikura Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5803	72 Outperform	¥7.38T	51.29	32.32%	0.91%	27.53%	137.34%
6804	72 Outperform	¥147.83B	9.44	8.07%	2.64%	79.29%	35.48%
6506	72 Outperform	¥1.44T	38.61	13.26%	1.49%	-2.18%	30.16%
6503	71 Outperform	¥12.59T	33.01	10.23%	1.19%	4.62%	40.65%
6504	64 Neutral	¥1.99T	23.82	12.05%	1.50%	5.44%	-5.19%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5801	61 Neutral	$1.98T	37.68	10.06%	1.21%	10.52%	60.75%

Fujikura Ltd Corporate Events

Fujikura Raises Planned Stock Split Ratio to Six-for-One

Fujikura Ltd. announced a correction to its recently disclosed stock split plan, revising the split ratio from five-for-one to six-for-one for common shares as of the March 31, 2026 record date. The change increases the number of shares to be issued compared with the earlier notice, which may enhance liquidity in Fujikura’s stock and improve accessibility for investors, while requiring stakeholders to update their expectations for post-split share counts and pricing metrics.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24732.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.

Fujikura Announces Five-for-One Stock Split and Major Increase in Authorized Shares

Fujikura Ltd. has approved a five-for-one stock split of its common shares, effective April 1, 2026, with March 31, 2026 set as the record date, increasing issued shares from about 295.9 million to approximately 1.78 billion. The move is aimed at lowering the per-share investment price, making the stock more accessible to individual investors and broadening the shareholder base, while year-end dividends for the fiscal year ending March 2026 will be calculated on a pre-split basis and stated capital will remain unchanged.

In tandem with the split, Fujikura will amend its Articles of Incorporation to raise the total number of authorized shares from 1.19 billion to 7 billion as of April 1, 2026, in line with Japan’s Companies Act. This substantial increase in authorized shares provides the company with greater flexibility for future equity-related actions, potentially supporting long-term capital policy, financing options, and strategic initiatives without immediate dilution beyond the mechanical effect of the split.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24732.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.

Fujikura to Book Net Tax Gain from European Unit Liquidation and Dividend Policy Shift

Fujikura Ltd. has resolved to liquidate its consolidated subsidiary Fujikura Europe (Holding) B.V., the intermediate holding company for its European automotive manufacturing base, to clarify investment relationships and reduce costs. As a result, it expects to recognize deferred tax assets of ¥10.5 billion in its non-consolidated and consolidated financial statements for the fiscal year ending March 31, 2026, reflecting tax savings from realizing a tax loss on this investment already booked in prior years.

In parallel, Fujikura is revising its dividend policy from consolidated subsidiaries to centralize group funds at the parent company, aiming to improve cash management and enhance overall group value amid rapid overseas business expansion. This change is expected to generate deferred tax liabilities of ¥7.7 billion related to future taxation on subsidiaries’ retained earnings, with the net impact on profit attributable to owners of parent estimated at ¥2.8 billion and described as having a minimal effect on the company’s consolidated earnings forecast for fiscal 2025.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24732.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.

Fujikura Overhauls Management and Board Ahead of Next Growth Phase

Fujikura has announced a change in its top management, appointing current Director and CFO Kazuhito Iijima as Representative Director and CFO effective April 1, 2026, while former Representative Director and CTO Tatsuya Banno becomes Director and Executive Officer and will chair America Fujikura Ltd. The reshuffle accompanies a broader reorganization of the management structure following the early achievement of the current medium-term plan, aiming to bolster execution of the next plan and strengthen operations, particularly in North America.

The company is also revising its board lineup for the June 26, 2026 annual general meeting, proposing a mix of reappointed and new directors, including Executive Officer and CTO Noriyuki Kawanishi as a new director candidate and repositioning existing Audit and Supervisory Committee member Yasuhiro Yamada as an outside director. In addition, a new Audit and Supervisory Committee member, Norika Yuasa, is being nominated, with the slate of outside directors designated as independent, underscoring Fujikura’s emphasis on governance and oversight as it pursues further growth and enhanced corporate value.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24732.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.

Fujikura Lifts FY2026 Outlook and Dividends on Surging Nine-Month Profits

Fujikura reported strong consolidated results for the nine months to December 31, 2025, with net sales up 20.2% to ¥854.9 billion and profit attributable to owners of the parent surging 89.4% to ¥111.9 billion, lifting net profit per share to ¥405.67. The balance sheet also strengthened, as total assets rose to ¥897.1 billion and shareholders’ equity drove the equity ratio up to 56.5% from 49.1% at the last fiscal year-end.

On the back of this momentum, the company sharply increased its dividend outlook, lifting the annual payout forecast for the year ending March 31, 2026 to ¥215 per share from the prior year’s ¥100. Fujikura also upgraded full-year guidance, now projecting net sales of ¥1.143 trillion and profit attributable to owners of the parent of ¥150 billion, signaling confidence in sustained earnings growth and improved returns to shareholders.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24187.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.

Fujikura Lifts Full-Year Earnings Outlook and Doubles Down on Dividends

Fujikura has raised its consolidated financial forecasts for the fiscal year ending March 31, 2026, citing stronger-than-expected demand for data centers driven by the spread and expansion of generative AI in its Telecommunication Systems Business Division. The company now expects higher net sales, operating profit, ordinary profit, and profit attributable to owners of the parent compared with both its previous forecast and last year’s results.

On the back of this improved earnings outlook, Fujikura is also increasing its shareholder returns by lifting its targeted payout ratio from 30% to 40% for the year. The firm has revised its year-end dividend forecast to ¥120 per share, up ¥25 from the prior projection, bringing expected total annual dividends to ¥215 per share, more than double the previous fiscal year’s payout.

The most recent analyst rating on (JP:5803) stock is a Hold with a Yen24187.00 price target. To see the full list of analyst forecasts on Fujikura Ltd stock, see the JP:5803 Stock Forecast page.