Furuno Electric Co., Ltd. (JP:6814)
:6814
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Furuno Electric Co., Ltd.
(6814)
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Rating:68Neutral
Price Target:
¥6,693.00
▼(-0.55% Downside)
Action:Reiterated
Date:04/11/26
The score is driven primarily by improved financial performance (strong revenue growth, margin recovery, and much better 2025–2026 cash generation) tempered by historical volatility. Technical indicators are mixed with negative MACD and neutral RSI despite price trading above key moving averages. Valuation is reasonable (P/E ~15) with a modest ~2.06% dividend yield.
Positive Factors
Sustained revenue growth
Consistent top-line expansion over multiple years shows expanding commercial traction in marine electronics and adjacent ICT. Durable revenue growth supports scale economies, distribution strength and recurring aftermarket demand, enabling reinvestment in R&D and service networks.
Negative Factors
Earnings and cashflow volatility
Historic swings in profitability and cash conversion reduce predictability for capital allocation and may force reactive financing or cutbacks in downturns. Volatility also complicates multi-year planning for service networks and inventory management.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Consistent top-line expansion over multiple years shows expanding commercial traction in marine electronics and adjacent ICT. Durable revenue growth supports scale economies, distribution strength and recurring aftermarket demand, enabling reinvestment in R&D and service networks.
Read all positive factors
Furuno Electric Co., Ltd. (6814) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥193.67B
Dividend Yield1.88%
Average Volume (3M)666.14K
Price to Earnings (P/E)18.3
Beta (1Y)1.40
Revenue Growth10.76%
EPS Growth46.03%
CountryJP
Employees3,356
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)524.69
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 Target
¥10,150.00Price Target Upside50.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)440.53
Revenue Forecast (FY)¥151.01B
Furuno Electric Co., Ltd. Business Overview & Revenue Model
Company Description
Furuno Electric Co., Ltd. engages in the manufacture and sale of marine and industrial electronics equipment, wireless LAN system, and handy terminals in Japan, the Americas, Europe, rest of Asia, and internationally. Its marine business offers ra...
How the Company Makes Money
Furuno primarily makes money by selling hardware systems and equipment for marine navigation, fish-finding, safety, and communications to shipbuilders, fleet operators, dealers/distributors, and end users in commercial and recreational marine mark...
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 | 132.81B | 140.62B | 126.95B | 114.85B | 91.33B | 84.78B |
| Gross Profit | 56.07B | 58.34B | 51.41B | 41.20B | 33.09B | 30.52B |
| EBITDA | 18.98B | 20.39B | 16.92B | 10.06B | 4.70B | 5.82B |
| Net Income | 16.58B | 16.74B | 11.46B | 6.24B | 1.35B | 2.81B |
Balance Sheet | ||||||
| Total Assets | 127.32B | 141.36B | 123.52B | 114.41B | 106.40B | 85.97B |
| Cash, Cash Equivalents and Short-Term Investments | 17.34B | 24.28B | 16.11B | 11.79B | 15.38B | 14.35B |
| Total Debt | 16.16B | 14.23B | 20.45B | 18.45B | 20.58B | 10.37B |
| Total Liabilities | 46.99B | 51.59B | 50.90B | 52.97B | 53.89B | 38.09B |
| Stockholders Equity | 79.86B | 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
Negative
6730.00
Price Trends
6865.60
Negative
7257.28
Negative
6892.60
Negative
Market Momentum
-209.48
Positive
35.04
Neutral
6.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6814, the sentiment is Negative. The current price of 6730 is below the 20-day moving average (MA) of 6950.50, below the 50-day MA of 6865.60, and below the 200-day MA of 6892.60, indicating a bearish trend. The MACD of -209.48 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 6.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ¥67.39B | 10.81 | ― | 1.12% | 18.83% | 55.54% | |
78 Outperform | ¥46.54B | 9.33 | ― | 3.21% | 8.90% | 35.83% | |
75 Outperform | ¥54.81B | 9.50 | ― | 1.94% | -2.66% | -9.83% | |
71 Outperform | ¥122.15B | 17.71 | ― | 2.20% | 8.69% | 74.50% | |
68 Neutral | ¥193.67B | 18.29 | ― | 1.88% | 10.76% | 46.03% | |
67 Neutral | ¥33.24B | 6.33 | ― | 2.29% | 12.40% | 7.55% | |
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 to Lift Annual Dividend by 45% as Payout Target Nears
Apr 9, 2026
Furuno Electric’s board has approved a proposal to raise its year-end dividend for fiscal 2025 to ¥85 per share, up from the previously forecast ¥75 and matching last year’s year-end level, with the record date set at Februar...
Furuno Signals Openness to Cutting Share Investment Unit
Apr 9, 2026
Furuno Electric has announced its stance on reducing the minimum investment unit for its shares, viewing a lower unit price, below 500,000 yen, as an effective way to help revitalize the stock market. The company believes such a measure can broade...
Furuno Electric to Tie Executive Pay to Performance With New Restricted Stock Plan
Apr 9, 2026
Furuno Electric will introduce a performance-based post-delivery restricted stock compensation plan for internal directors, subject to shareholder approval at its May 2026 annual meeting. The scheme is designed to tie executive rewards more tightl...
Furuno Electric Leverages Record Profits to Drive Growth-Focused Medium-Term Plan
Apr 9, 2026
Furuno Electric has reported that its return on equity has risen well above its roughly 10% cost of shareholder capital, driven by improved profitability and operational efficiency, which in turn has lifted its price-to-book ratio and substantiall...
Furuno Electric Delivers Strong FY2026 Earnings, Signals Cautious Profit Outlook
Apr 9, 2026
Furuno Electric reported strong results for the fiscal year ended February 28, 2026, with net sales rising 10.8% to ¥140.6 billion and operating profit climbing 23.3%, while profit attributable to owners of parent jumped 46.1%. Profitability ...
Furuno Electric Launches Three-Year Mid-Term Plan After Beating 2030 Targets Early
Feb 27, 2026
Furuno Electric has unveiled a new three-year mid-term management plan covering fiscal years 2026 to 2028, building on its long-term “NA VI NEXT 2030” vision and recent record-high results in fiscal 2024. Having already surpassed its 2...
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.