Fuji Co., Ltd. (8278) AI Stock Analysis

• Market Cap: ¥179.00B
• Dividend Yield: 1.45%
• Average Volume (3M): 110.44K
• Price to Earnings (P/E): 45.4
• Beta (1Y): 0.14
• Revenue Growth: 1.48%
• EPS Growth: -33.32%
• Country: JP
• Employees: 8,353
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 17.21
• Shares Outstanding: 86,856,960
• 10 Day Avg. Volume: 72,100
• 30 Day Avg. Volume: 110,440
• PEG Ratio: -0.97
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -4.38K
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ¥2,129.00 ▲(1.48% Upside)

Fuji Co., Ltd. has a stable financial foundation with consistent revenue growth and a strong balance sheet. However, challenges in profitability and cash flow, combined with a high valuation, suggest caution. Technical indicators show mixed signals, with potential for a price pullback.

Positive Factors

Stable Revenue Growth

Consistent revenue growth indicates a reliable business model and strong market presence, which can support long-term financial stability.

Strong Equity Position

A strong equity position provides financial resilience and the ability to invest in growth opportunities, enhancing long-term competitiveness.

Effective Cost Management

Stable gross margins suggest efficient operations, which can help maintain profitability even in challenging market conditions.

Negative Factors

Net Profit Margin Decline

A declining net profit margin can impact overall profitability, indicating potential challenges in converting revenue into net income.

High Capital Expenditures

High capital expenditures can strain cash flow, limiting financial flexibility and potentially hindering future investment capacity.

Cash Flow to Net Income Disconnect

A disconnect between cash flow and net income can signal inefficiencies in cash management, affecting liquidity and operational stability.

Fuji Co., Ltd. Business Overview & Revenue Model

Company Description

Fuji Co., Ltd. operates in the general retail business in Japan. The company engages in the retail sale of groceries, clothing, daily goods, etc. It operates 101 stores, including 51 in Ehime prefecture, 8 in Kochi prefecture, 4 in Kagawa prefecture, 5 in Tokushima prefecture, 23 in Hiroshima prefecture, and 10 in Yamaguchi prefecture. The company was incorporated in 1950 and is headquartered in Matsuyama, Japan.

How the Company Makes Money

Fuji Co., Ltd. generates revenue through multiple key streams, primarily from the sale of its imaging and healthcare products. The company’s revenue model includes direct sales of consumer electronics, such as digital cameras and printers, as well as professional imaging solutions for medical and industrial applications. Additionally, Fuji Co., Ltd. benefits from recurring revenue through service agreements and maintenance contracts associated with its medical imaging equipment. Strategic partnerships with healthcare providers and educational institutions enhance its market reach and customer base. The company also engages in the distribution of photographic supplies and materials, which adds to its earnings. Overall, Fuji Co., Ltd.'s financial success is supported by its diversified product portfolio and strong brand reputation in the imaging and healthcare sectors.

Fuji Co., Ltd. Financial Statement Overview

Summary

Fuji Co., Ltd. demonstrates stable growth with consistent revenue increases and a strong balance sheet. However, challenges in converting revenue to net profits and negative free cash flow due to high capital expenditures are concerns.

Income Statement

Fuji Co., Ltd. has shown consistent revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin has remained stable, indicating effective cost management. However, the net profit margin has decreased due to a significant drop in net income in 2025. EBIT and EBITDA margins are healthy but have shown a slight decline, suggesting potential areas for operational improvement.

Balance Sheet

The company's balance sheet reflects strong equity with an increasing equity ratio over time. The debt-to-equity ratio is manageable, indicating prudent use of leverage. Return on equity has decreased slightly, influenced by a reduction in net income, but the company's overall financial structure remains stable.

Cash Flow

Operating cash flow remains strong, but free cash flow saw a negative turn in 2025 due to high capital expenditures. The cash flow to net income ratios indicate a disconnect between cash generation and reported earnings, which could be a concern if it persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	815.77B	808.93B	801.02B	784.97B	320.87B	315.38B
Gross Profit	247.10B	232.55B	237.06B	231.22B	90.15B	88.18B
EBITDA	24.70B	24.89B	29.94B	31.41B	13.61B	13.64B
Net Income	3.94B	3.82B	7.44B	9.03B	3.94B	4.18B
Balance Sheet
Total Assets	435.36B	411.81B	427.70B	431.32B	174.97B	181.07B
Cash, Cash Equivalents and Short-Term Investments	38.48B	26.29B	37.18B	31.80B	12.50B	13.06B
Total Debt	54.36B	69.83B	81.05B	88.67B	29.39B	30.19B
Total Liabilities	215.60B	193.77B	211.61B	221.93B	79.64B	87.15B
Stockholders Equity	219.48B	217.76B	215.84B	209.14B	95.10B	93.69B
Cash Flow
Free Cash Flow	0.00	-41.00M	14.69B	3.08B	1.86B	6.80B
Operating Cash Flow	0.00	16.75B	30.61B	24.16B	8.63B	12.60B
Investing Cash Flow	0.00	-12.97B	-14.61B	-14.52B	-6.48B	-8.28B
Financing Cash Flow	0.00	-14.67B	-10.62B	-5.41B	-2.71B	-1.84B

Fuji Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2098.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8278, the sentiment is Positive. The current price of 2098 is above the 20-day moving average (MA) of 2052.75, above the 50-day MA of 2006.24, and above the 200-day MA of 2037.53, indicating a bullish trend. The MACD of 15.18 indicates Negative momentum. The RSI at 68.23 is Neutral, neither overbought nor oversold. The STOCH value of 90.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8278.

Fuji Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9956	79 Outperform	¥181.24B	11.70	―	2.15%	6.30%	27.88%
2659	73 Outperform	¥183.67B	15.83	7.56%	2.74%	2.28%	3.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8278	61 Neutral	¥179.00B	45.44	―	1.45%	1.48%	-33.32%
8273	59 Neutral	¥212.50B	17.84	―	3.01%	18.89%	-34.43%
7512	55 Neutral	¥124.60B	39.15	―	1.79%	8.65%	-45.94%
3222	53 Neutral	¥173.10B	115.01	―	1.81%	30.67%	―

Fuji Co., Ltd. Corporate Events

Fuji Co., Ltd. Announces Share Transfer of Lady Drug Store Co., Ltd.

Fuji Co., Ltd. has announced its decision to transfer its 49% stake in Lady Drug Store Co., Ltd. to Tsuruha Holdings Inc. and through a share buyback by Lady. This strategic move is aimed at enhancing Fuji’s corporate value by utilizing the proceeds to support its medium-term management plan and strengthen its financial foundation. Despite the divestment, Fuji plans to maintain cooperative relations with Lady as both companies are part of the AEON group, which is expected to consolidate Tsuruha as a subsidiary. This decision comes amid increasing competition in the drugstore industry and Tsuruha’s goal to accelerate decision-making and investments by making Lady a wholly owned subsidiary.

Fuji Co., Ltd. to Record Extraordinary Income from Share Sale

Fuji Co., Ltd. announced the sale of its shares in AEON Kyushu Co., Ltd., participating in a secondary offering as a selling shareholder. This transaction is expected to result in an extraordinary income of 1,273 million yen, impacting the company’s consolidated financial results positively for the third quarter of the fiscal year ending February 28, 2026.

Fuji Co., Ltd. to Sell Shares in Aeon Kyushu for Financial Strengthening

Fuji Co., Ltd. has announced its participation in the secondary offering of common shares of Aeon Kyushu Co., Ltd. by selling all its shares in the company. This decision is aimed at improving capital efficiency and strengthening Fuji’s financial base, with the impact on financial results to be disclosed after the sale price is determined.

Fuji Co., Ltd. Reports Mixed Financial Results for H1 2025

Fuji Co., Ltd. reported its consolidated financial results for the six months ending August 31, 2025, showing a slight increase in operating revenue by 1.7% to ¥408,542 million. Despite the revenue growth, the company experienced a decline in operating and ordinary profits by 12.9% and 11.8%, respectively. The profit attributable to owners of the parent rose by 4.8% to ¥2,645 million, indicating a mixed financial performance. The equity-to-asset ratio decreased slightly from 52.9% to 50.4%, reflecting changes in the company’s financial structure. The company maintained its dividend forecast, signaling stability in shareholder returns.