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

• Market Cap: ¥81.47B
• Dividend Yield: 4.26%
• Average Volume (3M): 284.16K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 1.39
• Revenue Growth: 10.54%
• EPS Growth: 83.58%
• Country: JP
• Employees: 3,356
• Sector: Technology
• Sector Strength: 75
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 92.39
• Shares Outstanding: 31,894,554
• 10 Day Avg. Volume: 195,180
• 30 Day Avg. Volume: 284,160
• PEG Ratio: 1.19
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 82 Outperform
• Price Target: ―

Furuno Electric Co., Ltd. scores highly due to its robust financial performance, characterized by strong revenue growth and efficient cost management. Its financial health is complemented by a solid balance sheet and excellent cash flow generation. The stock's attractive valuation, with a low P/E ratio and high dividend yield, enhances its appeal for investors. Positive technical indicators support upward momentum, although caution is advised due to overbought signals. Overall, the company is well-positioned for sustainable growth in its industry.

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 radars, AIS and ECDIS systems, and satellite communication equipment for merchant vessels; fish finders, scanning sonars, and radiotelephones for fishing vessels; and network-capable and multi-function navigation systems, as well as GPS and chart plotters, fish finders, and autopilot systems for sport fishing boats, sailboats, and yachts. The company's industrial business provides automotive ETC2.0/ETC systems, dedicated short range communication systems, GPS receivers, and GPS disciplined oscillators for PNT; medical equipment devices, such as clinical chemical analyzers and ultrasound bone densitometers for healthcare industry; and wireless LAN access points and wireless handheld terminals, as well as offers electromagnetic environment testing services. In addition, it provides meteorological monitoring and analyzing systems, as well as displacement monitoring systems. The company was founded in 1938 and is headquartered in Nishinomiya, Japan.

How the Company Makes Money

Furuno Electric Co., Ltd. generates revenue primarily through the sale of its electronic and communication equipment designed for maritime applications. The company's key revenue streams include the sale of navigation systems, radar, sonar, and fish finders, which are critical for both commercial shipping and fishing industries. In addition to product sales, Furuno also earns income from providing maintenance services, technical support, and software updates for its equipment, ensuring operational reliability and customer satisfaction. Significant partnerships with shipbuilders, shipping companies, and government agencies further bolster its sales, as these relationships often involve long-term contracts and bulk purchases. Furuno's commitment to research and development enables the company to introduce cutting-edge technology, maintaining its competitive edge and driving continuous growth in its revenue.

Furuno Electric Co., Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
125.94B	114.85B	91.33B	84.78B	82.25B	83.07B
	Gross Profit
49.69B	41.20B	34.38B	31.64B	30.84B	28.52B
	EBIT
10.57B	6.52B	1.52B	2.53B	3.74B	2.41B
	EBITDA
14.42B	11.85B	5.72B	7.10B	8.09B	6.11B
	Net Income Common Stockholders
8.65B	6.24B	1.35B	2.81B	3.95B	2.04B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.82B	11.79B	15.38B	14.35B	15.30B	12.14B
	Total Assets
117.43B	114.37B	106.40B	85.97B	82.25B	76.13B
	Total Debt
15.11B	17.42B	19.32B	9.60B	9.96B	9.91B
	Net Debt
1.29B	5.63B	3.94B	-4.75B	-5.35B	-2.24B
	Total Liabilities
49.27B	52.94B	53.90B	38.09B	36.56B	33.89B
	Stockholders Equity
67.76B	61.04B	52.11B	47.88B	45.36B	41.92B
Cash Flow		Free Cash Flow
0.00	-637.00M	-9.07B	1.70B	4.32B	4.76B
	Operating Cash Flow
0.00	2.71B	-6.49B	6.19B	8.51B	8.04B
	Investing Cash Flow
0.00	-3.59B	-3.03B	-4.39B	-4.55B	-3.17B
	Financing Cash Flow
0.00	-3.56B	8.26B	-3.52B	-850.00M	-4.19B

Furuno Electric Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2672.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2672 is above the 20-day moving average (MA) of 2508.55, above the 50-day MA of 2464.52, and above the 200-day MA of 2258.37, indicating a bullish trend. The MACD of 66.69 indicates Negative momentum. The RSI at 58.33 is Neutral, neither overbought nor oversold. The STOCH value of 74.38 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6814	82 Outperform	¥81.47B	7.12		4.26%	10.54%	83.58%
Sector *	61 Neutral	$11.41B	10.19	-7.05%	2.95%	7.46%	-10.52%
FJTSF		$40.88B	28.43	11.70%	0.82%	―	―
MRAAF		$26.28B	18.64	8.98%	2.47%	―	―
PCRFF		$25.99B	10.79	7.85%	2.92%	―	―
SNEJF		$160.99B	20.87	14.32%	0.53%	―	―
6954	73 Outperform	¥3.65T	24.74		2.40%	0.23%	12.16%

Furuno Electric Co., Ltd. Corporate Events

Furuno Electric Evaluates Management Strategies and Sets Future Growth Plans

Furuno Electric Co., Ltd. has announced an evaluation of its management strategies with a focus on cost of capital and stock price, following a board meeting on April 9, 2025. The company has maintained a Return on Equity above its shareholder capital cost but aims to improve its Price to Earnings Ratio to enhance its Price to Book Ratio. Furuno has achieved its growth targets for 2030 ahead of schedule and plans to continue strengthening its foundation for sustainable growth. It will enter Phase 3 of its Medium-Term Management Plan in 2026, focusing on improving profitability, particularly in its Marine business, by expanding its aftermarket services.

Furuno Electric Announces Dividend Increase Reflecting Strong Financial Performance

Furuno Electric Co., Ltd. announced an increase in its year-end dividend to 75 yen per share, raising the annual dividend to 110 yen per share. This decision aligns with the company’s medium-term management plan to maintain a stable dividend payout ratio of 30% or more, reflecting its strong financial performance and commitment to shareholder returns.

Furuno Electric Reports Strong Fiscal Year 2025 Results with Increased Dividends

Furuno Electric Co., Ltd. reported strong financial results for the fiscal year ended February 28, 2025, with a notable increase in net sales and profits. The company achieved a 10.5% rise in net sales to ¥126,953 million and a significant 102.1% increase in operating profit. This growth reflects the company’s robust performance and strategic positioning in the electronics industry. The company also announced a substantial increase in dividends, indicating confidence in its financial health and commitment to returning value to shareholders.

Furuno Electric Co., Ltd. Announces Change of Independent Auditor

Furuno Electric Co., Ltd. has announced a change in its independent auditor, transitioning from Deloitte Touche Tohmatsu LLC to KPMG AZSA LLC, effective after the upcoming shareholders’ meeting on May 22, 2025. This strategic move is aimed at bringing fresh perspectives and methodologies to the company’s auditing processes, enhancing the audit of its global business operations, and ensuring continued compliance and financial transparency.