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FP Partner, Inc. (JP:7388)
:7388
Japanese Market

FP Partner, Inc. (7388) AI Stock Analysis

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JP:7388

FP Partner, Inc.

(7388)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
¥2,638.00
▲(24.32% Upside)
Action:ReiteratedDate:01/16/26
The score is driven mainly by solid financial fundamentals (strong profitability and low leverage) tempered by the latest-year slowdown and weaker cash-flow momentum. Technicals are constructive but near overbought, and valuation is mixed (good yield but a higher P/E).
Positive Factors
Conservative Balance Sheet
Very low leverage and a sizable equity base provide durable financial flexibility and downside protection. This structure supports resilience through market cycles, enables opportunistic investments or M&A, and reduces refinancing risk, underpinning long-term capital allocation ability.
Sustained Profitability
Consistently strong margins and earnings power indicate durable competitive economics for the advisory/asset-management model. Higher margins allow reinvestment in technology and client service, buffer fee pressure, and sustain returns to shareholders across industry cycles.
Positive Free Cash Flow History
Multi-year positive free cash flow supports organic growth, client service investment, and shareholder distributions without heavy reliance on external financing. Persistent FCF, even if variable, underpins long-term financial autonomy and strategic optionality.
Negative Factors
Revenue Momentum Weakening
An ~8% revenue decline signals structural pressure on AUM or client activity, which for a fee-based manager reduces recurring management and performance fees. If not reversed, revenue erosion can weaken reinvestment capacity and long-term growth prospects for the business.
Volatile Cash Conversion
A sharp decline in operating cash flow and stepped-down free cash flow increases execution risk: inconsistent cash conversion limits the firm’s ability to fund investments, sustain dividends, or respond to market stress, making capital planning more uncertain.
Rising Debt Trend
An uptick in debt amid flat equity reduces incremental financial headroom; if earnings or cash flow continue to weaken, even modest leverage can constrain strategic moves. Ongoing discipline will be needed to prevent leverage from eroding the conservative balance-sheet advantage.

FP Partner, Inc. (7388) vs. iShares MSCI Japan ETF (EWJ)

FP Partner, Inc. Business Overview & Revenue Model

Company DescriptionFP Partner Inc. provides insurance services for individuals and corporations in Japan. It offers life and non-life insurance products; financial planning services under the Money Doctor brand; and face-to-face and online consultation, product explanation, contract procedure, and after-sales services. FP Partner Inc. was founded in 2005 and is headquartered in Tokyo, Japan.
How the Company Makes MoneyFP Partner, Inc. generates revenue primarily through management fees charged for its asset management services, which are based on a percentage of assets under management (AUM). Additionally, the company earns advisory fees from its financial planning services, which may include one-time fees for specific projects or ongoing retainer agreements. Performance-based fees are another significant revenue stream, where the company earns a commission based on the investment performance of the portfolios it manages. Strategic partnerships with financial institutions and technology firms enhance its service capabilities and may also lead to revenue-sharing agreements. Furthermore, FP Partner, Inc. might engage in product sales or distribution, providing additional income through commissions or fees related to financial products offered to clients.

FP Partner, Inc. Financial Statement Overview

Summary
Strong profitability and a conservative balance sheet (very low leverage and high ROE), but the latest year shows weakening momentum with revenue down ~8% and lower EBIT/net income, alongside a step-down in operating/free cash flow.
Income Statement
74
Positive
Profitability is solid for the industry, with healthy gross and net margins in recent years (2022–2024) and strong earnings power (2024 net margin ~11%). Revenue expanded strongly from 2021–2024, but the latest annual period (2025) shows a meaningful revenue decline (-8.0%) and lower EBIT and net income versus 2024, indicating momentum has turned down. Overall: strong multi-year build, but near-term growth and earnings trajectory weakened.
Balance Sheet
86
Very Positive
The balance sheet appears conservatively positioned in recent years with low leverage (debt-to-equity around ~0.05 in 2023–2024) and a sizable equity base relative to assets. Debt increased in the latest annual period (2025) versus 2024, but remains modest compared with equity. Return on equity has been high (roughly low-30% range in 2023–2024), supporting balance sheet quality, though equity has been relatively flat recently.
Cash Flow
68
Positive
Cash generation is positive and free cash flow remains meaningfully positive, but volatility is notable: operating cash flow dropped sharply in 2024–2025 versus 2023, and free cash flow also stepped down (2025 below 2024 and well below 2023). Cash conversion is mixed—free cash flow was strong relative to earnings in 2022–2023 but weaker in 2024, suggesting less consistent conversion through the cycle.
BreakdownTTMNov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue34.91B32.10B35.62B30.56B25.61B20.92B
Gross Profit11.46B10.67B12.15B11.65B8.81B6.16B
EBITDA4.68B3.63B5.89B5.97B4.02B1.99B
Net Income3.03B2.04B3.90B3.95B2.37B1.22B
Balance Sheet
Total Assets18.25B18.40B18.53B19.15B14.27B7.88B
Cash, Cash Equivalents and Short-Term Investments7.86B7.52B8.76B11.96B8.85B3.09B
Total Debt564.12M1.12B590.94M644.58M649.05M1.65B
Total Liabilities6.47B6.58B6.69B6.50B5.61B5.18B
Stockholders Equity11.78B11.82B11.83B12.65B8.66B2.70B
Cash Flow
Free Cash Flow0.00953.81M2.27B3.19B3.31B1.70B
Operating Cash Flow0.002.26B4.39B3.91B3.56B1.94B
Investing Cash Flow0.00-1.94B-2.43B-805.52M-365.00M-257.33M
Financing Cash Flow0.00-1.56B-5.16B2.14M2.57B-617.64M

FP Partner, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2122.00
Price Trends
50DMA
2248.38
Positive
100DMA
2234.52
Positive
200DMA
2190.34
Positive
Market Momentum
MACD
27.22
Negative
RSI
67.85
Neutral
STOCH
83.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7388, the sentiment is Positive. The current price of 2122 is below the 20-day moving average (MA) of 2332.15, below the 50-day MA of 2248.38, and below the 200-day MA of 2190.34, indicating a bullish trend. The MACD of 27.22 indicates Negative momentum. The RSI at 67.85 is Neutral, neither overbought nor oversold. The STOCH value of 83.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7388.

FP Partner, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
¥56.37B27.494.61%-4.72%-40.77%
72
Outperform
¥33.92B8.933.91%-11.56%-26.01%
71
Outperform
¥74.36B14.269.22%6.15%7.45%45.25%
68
Neutral
¥56.22B14.474.86%6.40%41.18%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
¥48.09B19.364.36%1.14%-16.88%
62
Neutral
¥85.97B28.789.32%3.75%20.36%9.29%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:7388
FP Partner, Inc.
2,441.00
115.77
4.98%
JP:8613
Marusan Securities Co., Ltd.
1,118.00
192.19
20.76%
JP:4765
Morningstar Japan K.K.
623.00
-57.35
-8.43%
JP:8614
Toyo Securities Co., Ltd.
801.00
264.91
49.42%
JP:8704
Traders Holdings Co., Ltd.
1,149.00
251.29
27.99%
JP:8708
AIZAWA SECURITIES GROUP CO. LTD.
1,548.00
-44.35
-2.79%

FP Partner, Inc. Corporate Events

FP Partner Profit Slumps in FY2025 but Firm Targets Recovery and Maintains High Dividend
Jan 14, 2026

FP Partner Inc. reported a sharp profit decline for the fiscal year ended November 30, 2025, with net sales down 9.9% year-on-year to ¥32.1 billion and operating profit nearly halved to ¥2.98 billion, while profit fell 47.7% to ¥2.04 billion, reflecting margin pressure despite a stable balance sheet and equity ratio of 64.2%. Cash flow from operating activities decreased but remained positive at ¥2.26 billion, and the company maintained robust liquidity with ¥7.52 billion in cash and equivalents; it also plans to slightly raise annual dividends to ¥94 per share for FY2025 and keep that level in FY2026, implying a high payout ratio, while forecasting a recovery in FY2026 with double-digit growth in sales and operating profit and a modest rebound in earnings per share, signaling confidence in its medium-term earnings power despite recent headwinds.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2645.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner to Relocate Tokyo Head Office to Owned Building and Amend Articles
Jan 14, 2026

FP Partner Inc. has resolved to relocate its head office to the FP Asakusabashi Building in Taito-ku, Tokyo, a property owned by the company, as part of a strategy to stabilize long-term operations, cut rental costs, and secure flexibility for future business expansion and diversification. The move, planned for March 2026, will be accompanied by an amendment to the Articles of Incorporation to formally change the registered location of the head office from Bunkyo-ku to Taito-ku, effective March 16, 2026, with related relocation expenses already factored into the company’s earnings forecast for the fiscal year ending November 30, 2026, signaling a measured financial impact for shareholders and other stakeholders.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2645.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner Redirects IPO Funds From Data Platform to Policy Transfer Growth Strategy
Jan 14, 2026

FP Partner Inc. has revised the planned use of proceeds from its 2022 stock market listing after determining it can build its customer data platform (CDP) at a lower cost than initially expected. The company will reallocate ¥67.3 million in surplus funds to finance policy transfers, a key element of its growth strategy aimed at increasing the number of policies in force, driving additional net sales through cross-selling, and enhancing after-sales support for existing customers. The firm expects the financial impact of this change on its results for the year ending November 30, 2026, to be minimal, with its latest earnings forecast already reflecting the revised capital allocation.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2645.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner Switches Shareholder Perks to Flexible Digital Gift Program
Jan 14, 2026

FP Partner Inc. has resolved to revise its shareholder benefit program to make it more convenient and appealing, responding to investor requests for more flexible and user-friendly rewards as part of its effort to encourage longer-term shareholding and enhance corporate value. Effective from the May 31, 2026 record date, the company will replace its existing QUO Card benefits with Digital Gifts® of the same 3,000-yen value for shareholders holding 100 shares or more as of the May 31 and November 30 record dates, allowing beneficiaries to choose from options such as Amazon gift cards, QUO Card Pay and PayPay Money Lite via a dedicated website within a specified selection period.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2645.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner to Buy Back Up to 1.5% of Shares for Incentive Plan and Capital Flexibility
Jan 14, 2026

FP Partner Inc. has resolved to acquire up to 350,000 of its own common shares, representing about 1.5% of its outstanding stock (excluding treasury shares), for a maximum total of 700 million yen through market purchases on the Tokyo Stock Exchange between January 15 and February 27, 2026. The shares will be used primarily to fund a restricted stock compensation plan aimed at strengthening incentives for employees and officers, while also giving the company greater flexibility in its capital policy and supporting its broader strategy of returning profits to shareholders.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2645.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner Inc. Launches Business Improvement Initiatives Following Administrative Order
Nov 17, 2025

FP Partner Inc. has announced the establishment of a Business Improvement Meeting and Committee to address a business improvement order received in August 2025. These initiatives, part of their ‘NEXT’ corporate slogan, aim to enhance the company’s value by involving employees in improvement activities and ensuring effective management. The company will report progress biannually to the Kanto Local Finance Bureau, with the first report due in April 2026.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2696.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

FP Partner Inc. Reports Strong Q3 Growth and Strategic M&A Milestone
Oct 24, 2025

FP Partner Inc. has reported stronger than expected operating profit growth for the third quarter, driven by a recovery in sales of protection-related products and a customer-first approach. The company’s acquisition of PRESTIGE Co., Ltd., a significant milestone, is expected to boost growth and customer engagement, despite challenges such as a decrease in sales employees.

The most recent analyst rating on (JP:7388) stock is a Buy with a Yen2696.00 price target. To see the full list of analyst forecasts on FP Partner, Inc. stock, see the JP:7388 Stock Forecast page.

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.Date of analysis: Jan 16, 2026