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Furuno Electric Co., Ltd.
(6814)
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Rating:77Outperform
Price Target:
¥8,955.00
▲(33.06% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by improved financial performance (strong post-2023 revenue/profit and cash flow recovery, with manageable leverage) and supportive technical momentum (price above key moving averages with positive MACD). Valuation is reasonable with a moderate P/E and a 2.21% yield, while the key risk remains historical volatility in earnings and cash conversion.
Positive Factors
Sustained revenue growth
Revenue more than doubled from 2021 to 2026, with growth accelerating after 2023 and remaining positive into 2026. This demonstrates expanding end-market penetration and recurring demand across newbuild and retrofit segments, supporting durable top-line momentum over months.
Negative Factors
Volatile earnings and cash conversion
Historic swings in earnings and operating cash flow (negative in 2023, modest in 2024) show the company’s cash conversion is inconsistent. This variability raises execution and forecasting risk and means near-term performance can diverge from multi-year trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Revenue more than doubled from 2021 to 2026, with growth accelerating after 2023 and remaining positive into 2026. This demonstrates expanding end-market penetration and recurring demand across newbuild and retrofit segments, supporting durable top-line momentum over months.
Read all positive factors
Furuno Electric Co., Ltd. (6814) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥243.82B
Dividend Yield2.03%
Average Volume (3M)666.14K
Price to Earnings (P/E)13.8
Beta (1Y)1.23
Revenue Growth13.37%
EPS Growth31.89%
CountryJP
Employees3,411
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)572.19
Shares Outstanding31,894,554
10 Day Avg. Volume1,247,270
30 Day Avg. Volume666,140
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)2.81
Price to Sales (P/S)1.78
P/FCF Ratio13.19
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)495.87
Revenue Forecast (FY)¥153.02B
Furuno Electric Co., Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Nishinomiya, Japan, and established in 1938, Furuno Electric Co., Ltd. specializes in the global development and distribution of advanced electronic equipment, including marine and industrial systems, wireless LAN solutions, and h...
How the Company Makes Money
Furuno makes money primarily by selling marine electronics hardware and integrated shipboard systems, complemented by installation, maintenance, and after-sales service. A major revenue stream comes from navigation equipment (e.g., marine radar, e...
Furuno Electric Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 147.44B | 140.62B | 126.95B | 114.85B | 91.33B | 84.78B |
| Gross Profit | 61.56B | 58.34B | 51.41B | 41.20B | 33.09B | 30.52B |
| EBITDA | 24.54B | 22.74B | 18.22B | 11.85B | 5.72B | 7.10B |
| Net Income | 18.09B | 16.74B | 11.46B | 6.24B | 1.35B | 2.81B |
Balance Sheet | ||||||
| Total Assets | 142.96B | 141.36B | 123.52B | 114.41B | 106.40B | 85.97B |
| Cash, Cash Equivalents and Short-Term Investments | 20.40B | 24.28B | 16.11B | 11.79B | 15.38B | 14.35B |
| Total Debt | 14.09B | 14.23B | 20.45B | 18.45B | 20.58B | 10.37B |
| Total Liabilities | 50.64B | 51.59B | 50.90B | 52.97B | 53.89B | 38.09B |
| Stockholders Equity | 91.84B | 89.35B | 72.19B | 61.04B | 52.11B | 47.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 19.00B | 8.30B | 1.03B | -8.11B | 3.06B |
| Operating Cash Flow | 0.00 | 21.37B | 10.82B | 2.71B | -6.49B | 6.19B |
| Investing Cash Flow | 0.00 | -3.28B | -4.59B | -3.59B | -3.03B | -4.39B |
| Financing Cash Flow | 0.00 | -11.44B | -2.70B | -3.56B | 8.26B | -3.52B |
Furuno Electric Co., Ltd. Technical Analysis
Positive
6730.00
Price Trends
6650.20
Positive
6688.40
Positive
7263.06
Positive
Market Momentum
303.94
Negative
59.55
Neutral
79.17
Neutral
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 6730 is below the 20-day moving average (MA) of 7442.00, above the 50-day MA of 6650.20, and below the 200-day MA of 7263.06, indicating a bullish trend. The MACD of 303.94 indicates Negative momentum. The RSI at 59.55 is Neutral, neither overbought nor oversold. The STOCH value of 79.17 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥52.71B | 11.33 | ― | 1.12% | 14.24% | 33.56% | |
77 Outperform | ¥243.82B | 13.77 | ― | 1.88% | 13.37% | 31.89% | |
74 Outperform | ¥76.12B | 14.23 | ― | 1.94% | 1.74% | 5.31% | |
74 Outperform | ¥43.63B | 12.25 | ― | 3.21% | 9.85% | -4.74% | |
67 Neutral | ¥33.31B | 10.19 | ― | 2.29% | 16.79% | 22.61% | |
62 Neutral | ¥100.70B | 18.59 | ― | 1.44% | 14.45% | 543.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Furuno Electric Co., Ltd. Corporate Events
Furuno Electric Delivers Strong Q1 Earnings But Keeps Full-Year Outlook Steady
Jul 10, 2026
Furuno Electric posted strong first-quarter results for the three months ended May 31, 2026, with net sales rising 21.8% year on year to ¥38.1 billion and operating profit jumping 65.3% to ¥5.68 billion. Ordinary profit climbed 61.7% to ...
Furuno Completes Treasury Share Disposal for Restricted Share-Based Executive Pay
Jun 9, 2026
Furuno Electric has completed the payment process for the disposal of treasury shares used as restricted share-based remuneration to its management. The move covers 3,780 common shares at ¥5,850 each, for a total of ¥22,113,000, allocate...
Furuno to Grant Restricted Treasury Shares to Directors and Officers
May 21, 2026
Furuno Electric Co., Ltd. has approved the disposal of 11,340 treasury shares as restricted share-based remuneration to four internal directors and seven executive officers, at a disposal price of ¥5,850 per share for a total of ¥22,113,...
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.