Furuno Electric Co., Ltd. (6814) AI Stock Analysis

• Market Cap: ¥271.89B
• Dividend Yield: 1.89%
• Average Volume (3M): 666.14K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.53
• Revenue Growth: 6.56%
• EPS Growth: 106.55%
• Country: JP
• Employees: 3,356
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 210.73
• Shares Outstanding: 31,894,554
• 10 Day Avg. Volume: 1,247,270
• 30 Day Avg. Volume: 666,140
• PEG Ratio: 0.07
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.56
• P/FCF Ratio: 8.50
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥9,009.00 ▲(7.00% Upside)

Furuno Electric Co., Ltd. demonstrates strong financial performance with solid revenue and profit growth, supported by a healthy balance sheet and cash flow. Technical analysis presents mixed signals, with some bullish momentum but potential oversold conditions. Valuation metrics suggest the stock is fairly valued, with a reasonable P/E ratio and a modest dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling investment in growth opportunities and debt reduction.

Balance Sheet Health

A strong balance sheet with low leverage provides stability and resilience against economic fluctuations, supporting long-term growth.

Negative Factors

Return on Equity

Improving return on equity is crucial for maximizing shareholder value and indicates potential for better capital efficiency.

Operational Efficiency

Enhancing operational efficiency is essential for sustaining profitability and competitive advantage in the long term.

Industry Competition

Intense competition in the marine electronics sector may pressure margins and require continuous innovation to maintain market position.

Furuno Electric Co., Ltd. Business Overview & Revenue Model

Company Description

Furuno Electric Co., Ltd. (6814) is a prominent Japanese company specializing in the development and manufacturing of marine electronics, encompassing a wide range of products and solutions for the maritime industry. Founded in 1948, Furuno is well-known for its innovative navigation and communication equipment, including radar systems, sonar, GPS devices, and fish finders. Additionally, the company has expanded its offerings to include solutions for the industrial and telecommunications sectors, providing advanced technology for various applications.

How the Company Makes Money

Furuno Electric Co., Ltd. primarily generates revenue through the sales of its marine electronics products, which cater to commercial shipping, fishing, and recreational boating markets. Key revenue streams include the sale of navigation and communication equipment, as well as after-sales services such as maintenance, repair, and technical support. The company also earns income from contracts for large-scale projects and installations, particularly in the commercial maritime sector. Strategic partnerships with shipbuilders and distributors enhance its market reach, while the growing demand for advanced maritime technologies and safety solutions contributes to its earnings. Additionally, Furuno benefits from ongoing investments in research and development, enabling it to introduce innovative products that meet the evolving needs of its customers.

Furuno Electric Co., Ltd. Financial Statement Overview

Summary

Furuno Electric Co., Ltd. exhibits robust financial health with impressive revenue and profit growth, a strong balance sheet, and enhanced cash flow generation. While profitability and operational efficiency are strengths, further improvement in return on equity could unlock additional shareholder value.

Income Statement

Furuno Electric Co., Ltd. has demonstrated robust revenue growth, with a 10.56% increase from 2024 to 2025, and strong profitability, as evidenced by a gross profit margin of 41.72% and a net profit margin of 9.02% for 2025. The EBIT and EBITDA margins, at 10.39% and 14.24% respectively, indicate efficient cost management and operational strength. These positive trends reflect a well-executed growth strategy and operational efficiency.

Balance Sheet

The company's balance sheet shows a solid equity position with an equity ratio of 58.44% in 2025, indicating financial stability. The debt-to-equity ratio is relatively low at 0.25, suggesting prudent leverage use. However, the return on equity of 15.87% in 2025, while respectable, could be improved to enhance shareholder value. The overall financial health is sound with manageable debt levels and strong equity.

Cash Flow

Furuno Electric has shown exceptional cash flow performance with a significant improvement in free cash flow from a negative position in 2024 to ¥8.3 billion in 2025. The operating cash flow to net income ratio of 0.94 suggests effective conversion of profits into cash. The strong free cash flow to net income ratio of 0.72 in 2025 reinforces the company's ability to generate cash, supporting future growth and debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	130.05B	126.95B	114.85B	91.33B	84.78B	82.25B
Gross Profit	54.52B	52.97B	41.20B	34.38B	31.64B	30.84B
EBITDA	18.51B	18.08B	11.85B	5.72B	7.10B	8.09B
Net Income	13.71B	11.46B	6.24B	1.35B	2.81B	3.95B
Balance Sheet
Total Assets	124.03B	123.52B	114.37B	106.40B	85.97B	82.25B
Cash, Cash Equivalents and Short-Term Investments	17.52B	16.11B	11.79B	15.38B	14.35B	15.30B
Total Debt	19.77B	19.84B	17.42B	19.32B	9.60B	9.96B
Total Liabilities	51.05B	50.90B	52.94B	53.90B	38.09B	36.56B
Stockholders Equity	72.53B	72.19B	61.04B	52.11B	47.88B	45.36B
Cash Flow
Free Cash Flow	0.00	8.30B	-637.00M	-9.07B	1.70B	4.32B
Operating Cash Flow	0.00	10.82B	2.71B	-6.49B	6.19B	8.51B
Investing Cash Flow	0.00	-4.59B	-3.59B	-3.03B	-4.39B	-4.55B
Financing Cash Flow	0.00	-2.70B	-3.56B	8.26B	-3.52B	-850.00M

Furuno Electric Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8420.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6814, the sentiment is Positive. The current price of 8420 is above the 20-day moving average (MA) of 8230.50, above the 50-day MA of 7566.00, and above the 200-day MA of 4369.36, indicating a bullish trend. The MACD of 101.60 indicates Positive momentum. The RSI at 59.30 is Neutral, neither overbought nor oversold. The STOCH value of 80.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6814.

Furuno Electric Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6590	76 Outperform	¥233.72B	21.28	―	1.65%	18.20%	28.13%
6814	76 Outperform	¥271.89B	16.43	―	1.89%	6.56%	106.55%
6957	75 Outperform	¥109.52B	36.26	―	2.12%	3.95%	-32.30%
6908	70 Outperform	¥72.77B	24.61	―	3.22%	10.79%	12.28%
6866	68 Neutral	¥81.06B	14.06	―	3.41%	7.28%	4.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6996	60 Neutral	¥104.38B	19.75	―	2.27%	-0.93%	-45.03%

Furuno Electric Co., Ltd. Corporate Events

Furuno Electric Reports Strong Half-Year Financial Results and Raises Dividend Forecast

Furuno Electric Co., Ltd. reported strong financial performance for the six months ending August 31, 2025, with significant increases in net sales, operating profit, and profit attributable to owners of the parent. The company also announced a revision to its financial results forecast and dividend forecast, indicating an increase in dividends, which reflects its robust financial health and commitment to shareholder returns.

The most recent analyst rating on (JP:6814) stock is a Buy with a Yen6300.00 price target. To see the full list of analyst forecasts on Furuno Electric Co., Ltd. stock, see the JP:6814 Stock Forecast page.

Furuno Electric Boosts Financial Forecasts and Dividends Amid Strong Marine Demand

Furuno Electric Co., Ltd. has revised its financial forecast for the fiscal year ending February 28, 2026, reflecting a significant increase in expected net sales and profits due to strong demand in the marine business and favorable foreign exchange rates. Additionally, the company announced an increase in its dividend forecast, highlighting its robust financial performance and commitment to returning value to shareholders.

The most recent analyst rating on (JP:6814) stock is a Buy with a Yen6300.00 price target. To see the full list of analyst forecasts on Furuno Electric Co., Ltd. stock, see the JP:6814 Stock Forecast page.

Furuno Electric Revises Financial Forecasts Upward Amid Strong Marine Business Performance

Furuno Electric Co., Ltd. has revised its financial forecasts for the second quarter of the fiscal year ending February 2026, anticipating higher net sales and profits due to strong performance in the marine business. The company’s success is driven by increased sales in the merchant vessel market, favorable reception of new products in the pleasure boat market, and reduced tax expenses. These factors have led to a significant upward revision of the company’s financial expectations.

The most recent analyst rating on (JP:6814) stock is a Buy with a Yen6300.00 price target. To see the full list of analyst forecasts on Furuno Electric Co., Ltd. stock, see the JP:6814 Stock Forecast page.