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Futaba
(6986)
Futaba (6986) vs. iShares MSCI Japan ETF (EWJ)
Futaba Business Overview & Revenue Model
Futaba Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.84B | 48.12B | 56.36B | 60.33B | 53.45B | 57.21B |
| Gross Profit | 8.36B | 8.87B | 8.75B | 8.61B | 8.95B | 8.87B |
| EBITDA | 1.56B | 1.96B | 55.00M | -1.22B | -150.00M | -7.68B |
| Net Income | -884.00M | -281.00M | -1.85B | -3.50B | -2.67B | -10.12B |
Balance Sheet | ||||||
| Total Assets | 100.73B | 101.09B | 104.26B | 98.12B | 100.44B | 98.04B |
| Cash, Cash Equivalents and Short-Term Investments | 31.64B | 31.58B | 27.36B | 24.37B | 34.23B | 43.75B |
| Total Debt | 86.00M | 839.00M | 733.00M | 970.00M | 971.00M | 1.37B |
| Total Liabilities | 12.35B | 12.78B | 13.74B | 12.91B | 13.65B | 10.91B |
| Stockholders Equity | 76.97B | 77.17B | 78.21B | 73.78B | 75.61B | 77.57B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.54B | 234.00M | -8.34B | -9.33B | -281.00M |
| Operating Cash Flow | 0.00 | 4.62B | 1.53B | -5.83B | -6.07B | 1.52B |
| Investing Cash Flow | 0.00 | -1.35B | 4.21B | 1.06B | 1.35B | 57.00M |
| Financing Cash Flow | 0.00 | -1.15B | -1.13B | -1.46B | -1.62B | -4.26B |
Futaba Technical Analysis
Futaba Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥461.74B | 9.24 | 11.96% | 3.04% | 2.70% | ― | |
78 Outperform | $736.31B | 24.91 | 8.09% | 2.85% | 11.18% | -0.75% | |
74 Outperform | ¥7.46T | 39.28 | 8.95% | 1.88% | 2.88% | 28.76% | |
67 Neutral | ¥4.50T | 23.99 | ― | 1.41% | 7.73% | -1.93% | |
64 Neutral | $182.35B | 24.01 | 5.91% | 2.39% | -3.24% | -25.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ¥30.71B | -1,695.35 | 0.31% | 1.75% | -14.20% | ― |
Futaba Corporate Events
Futaba reported nine-month net sales to December 31, 2025 of ¥31.7 billion, down 12.5% year on year, and booked an operating loss of ¥1.5 billion and an ordinary loss of ¥503 million, even as profit attributable to owners of the parent increased 32.4% to ¥1.07 billion and comprehensive income surged. The company reaffirmed its full-year forecast for lower sales and a continued operating loss in the fiscal year ending March 31, 2026, while maintaining its planned annual dividend of ¥10 per share and slightly strengthening its financial position with higher total assets and net assets.
Futaba’s removal of one overseas subsidiary from the scope of consolidation and its ability to stay profitable at the bottom line despite operating losses highlight ongoing restructuring and cost-control efforts. For stakeholders, the combination of shrinking revenue, persistent operating losses, but sustained dividends and improved equity underscores a cautious outlook, with management prioritizing balance sheet resilience and shareholder returns amid a challenging operating environment.
The most recent analyst rating on (JP:6986) stock is a Buy with a Yen829.00 price target. To see the full list of analyst forecasts on Futaba stock, see the JP:6986 Stock Forecast page.
Futaba Corporation reported significant non-operating income in the third quarter of the fiscal year ending March 31, 2026, including ¥151 million in interest income from bank deposits held by the company and its subsidiaries, and a net foreign exchange gain of ¥125 million driven by currency rate movements over the period. These gains mark a reversal from a foreign exchange loss recorded earlier in the fiscal year, highlighting the earnings sensitivity of Futaba’s results to financial market conditions.
The company also booked an extraordinary gain of ¥553 million from the reversal of foreign currency translation adjustments following the liquidation of its wholly owned subsidiary, FUTABA DENSHI Corporation (S) Pte. Ltd., completed in December 2025. The combined effect of higher non-operating income and the extraordinary gain is expected to bolster Futaba’s quarterly financial performance, reflecting both active balance sheet management and ongoing restructuring of its overseas corporate structure.
The most recent analyst rating on (JP:6986) stock is a Buy with a Yen829.00 price target. To see the full list of analyst forecasts on Futaba stock, see the JP:6986 Stock Forecast page.
Futaba Corporation’s board of directors has approved a one-year extension of the expiry date on its existing ¥5 billion unsecured bilateral commitment line with The Chiba Bank, moving the commitment end date from February 27, 2026 to February 26, 2027. With no current borrowings under this facility, the extension is intended to preserve flexible and stable access to working capital to fund future growth and business opportunities, reinforcing the company’s liquidity position and financial stability for ongoing operations and potential expansion.
The most recent analyst rating on (JP:6986) stock is a Hold with a Yen680.00 price target. To see the full list of analyst forecasts on Futaba stock, see the JP:6986 Stock Forecast page.
Futaba Corporation has resolved to dissolve its wholly owned Korean subsidiary, Futaba Electronic Components Korea Co., Ltd., which has primarily handled the purchase and sale of electronic equipment products in South Korea. The decision follows a sharp scaling down of sales after the termination of legacy businesses such as fluorescent display tubes and out-cell touch sensors, which has left the unit with declining revenues, shrinking assets and consecutive operating and net losses over the past three fiscal years. The board approved the dissolution on January 23, 2026, with shareholder approval at the subsidiary targeted by the end of March 2026 and liquidation expected to be completed by the end of June 2026, subject to local procedures; Futaba is still assessing the impact on its consolidated results and indicated it will disclose further information if the financial effects prove material.
The most recent analyst rating on (JP:6986) stock is a Hold with a Yen680.00 price target. To see the full list of analyst forecasts on Futaba stock, see the JP:6986 Stock Forecast page.
Futaba Corporation has resolved to suspend the business operations of its consolidated Korean subsidiary, WONJIN PRECISION Co., Ltd., which manufactures and sells mold bases for production equipment in Incheon, South Korea. The decision follows prolonged difficulties in securing labor, pandemic-driven economic deterioration, limited production equipment capacity, and intensifying competition from low-priced Chinese mold bases, all of which hindered order intake and prevented the establishment of a sustainable production system despite capital injections, facility upgrades, and relocation to a new plant in recent years. WONJIN, a 60.9%-owned consolidated subsidiary with 35 employees and no direct trading relationship with Futaba itself, is scheduled to cease operations by the end of January 2026, marking Futaba’s withdrawal from this particular segment of the Korean mold base market after repeated turnaround efforts failed to achieve stable profitability.
The most recent analyst rating on (JP:6986) stock is a Hold with a Yen599.00 price target. To see the full list of analyst forecasts on Futaba stock, see the JP:6986 Stock Forecast page.