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Fuyo General Lease Co., Ltd.
(8424)
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Rating:51Neutral
Price Target:
¥4,425.00
▲(3.07% Upside)
Action:Reiterated
Date:05/13/26
The score is primarily held back by weakened fundamentals: sharp margin deterioration, very high leverage, and deeply negative operating/free cash flow. Technicals are mildly supportive with the stock trading above major moving averages, and valuation is helped by a ~3.6% dividend yield, but these are not enough to offset the financial risk signals.
Positive Factors
Diverse leasing business model
Fuyo General Lease’s core model—equipment leasing, installment financing and associated asset services—creates recurring, contractually backed revenue and deeper customer relationships. This reduces customer churn and supports durable fee and interest income across economic cycles.
Negative Factors
Very high leverage
A structurally high debt-to-equity ratio greatly limits financial flexibility and raises refinancing and interest-rate sensitivity. In a rising rate or stressed credit environment, elevated leverage amplifies earnings volatility and increases default and covenant risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse leasing business model
Fuyo General Lease’s core model—equipment leasing, installment financing and associated asset services—creates recurring, contractually backed revenue and deeper customer relationships. This reduces customer churn and supports durable fee and interest income across economic cycles.
Read all positive factors
Fuyo General Lease Co., Ltd. (8424) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥411.50B
Dividend Yield3.48%
Average Volume (3M)143.63K
Price to Earnings (P/E)18.4
Beta (1Y)0.60
Revenue Growth18.54%
EPS Growth-54.13%
CountryJP
Employees4,410
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)239.14
Shares Outstanding90,863,430
10 Day Avg. Volume138,260
30 Day Avg. Volume143,626
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.76
Price to Sales (P/S)0.49
P/FCF Ratio-3.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)554.6
Revenue Forecast (FY)¥726.90B
Fuyo General Lease Co., Ltd. Business Overview & Revenue Model
Company Description
Fuyo General Lease Co., Ltd. is a prominent financial services provider, specializing in leasing and installment sales for clients across Japan and internationally. The company enables the acquisition of a diverse range of assets, including vital ...
How the Company Makes Money
Fuyo General Lease makes money primarily by originating and managing leases and related financing transactions. Key revenue sources typically include (1) lease income: periodic payments received from customers for the use of leased assets over the...
Fuyo General Lease Co., Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
38
Negative
Cash Flow
29
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 788.67B | 678.39B | 708.54B | 688.65B | 657.85B |
| Gross Profit | 25.65B | 119.63B | 109.57B | 97.32B | 88.86B |
| EBITDA | 114.73B | 126.39B | 122.52B | 105.54B | 105.03B |
| Net Income | 21.57B | 45.28B | 47.22B | 38.94B | 33.89B |
Balance Sheet | |||||
| Total Assets | 3.84T | 3.57T | 3.39T | 3.15T | 2.95T |
| Cash, Cash Equivalents and Short-Term Investments | 670.70B | 614.71B | 632.27B | 576.19B | 395.18B |
| Total Debt | 3.01T | 2.81T | 2.69T | 2.52T | 2.38T |
| Total Liabilities | 3.28T | 3.04T | 2.91T | 2.74T | 2.58T |
| Stockholders Equity | 503.01B | 475.56B | 431.96B | 367.19B | 333.49B |
Cash Flow | |||||
| Free Cash Flow | -122.76B | -85.20B | -79.34B | 104.88B | 126.61B |
| Operating Cash Flow | -119.33B | -81.77B | -76.07B | 107.56B | 128.79B |
| Investing Cash Flow | 1.17B | -35.66B | -3.06B | -12.39B | -15.67B |
| Financing Cash Flow | 171.76B | 97.99B | 131.80B | 84.04B | -101.53B |
Fuyo General Lease Co., Ltd. Technical Analysis
Positive
4293.00
Price Trends
4293.72
Positive
4304.04
Positive
4263.57
Positive
Market Momentum
44.44
Positive
57.51
Neutral
25.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8424, the sentiment is Positive. The current price of 4293 is below the 20-day moving average (MA) of 4419.25, below the 50-day MA of 4293.72, and above the 200-day MA of 4263.57, indicating a bullish trend. The MACD of 44.44 indicates Positive momentum. The RSI at 57.51 is Neutral, neither overbought nor oversold. The STOCH value of 25.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8424.
Fuyo General Lease Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥119.20B | 10.34 | ― | 2.85% | 1.06% | -7.68% | |
74 Outperform | ¥14.79B | 6.94 | ― | 3.03% | 6.36% | 41.53% | |
68 Neutral | ¥45.09B | 6.39 | ― | 3.90% | 52.60% | 34.80% | |
65 Neutral | ¥1.29T | 11.51 | ― | 3.37% | 6.51% | 30.59% | |
57 Neutral | ¥35.89B | 9.08 | ― | 4.66% | -8.90% | 9.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ¥411.50B | 18.38 | ― | 3.62% | 18.54% | -54.13% |
* General Sector Average
JP:8424
Fuyo General Lease Co., Ltd.
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412.47
10.15%
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Fuyo General Lease Co., Ltd. Corporate Events
Fuyo General Lease Outlines Early FY2026 Results and Forecast Metrics
Jul 30, 2026
Fuyo General Lease Co., Ltd. has released a summary of consolidated financial results for the first three months of FY2026, together with its earnings and dividend forecasts. The disclosure underscores key performance definitions, including profit...
Fuyo General Lease to Acquire 40% Stake in SMTB Leasing Joint Venture
Jul 30, 2026
Fuyo General Lease has agreed with Sumitomo Mitsui Trust Bank and Yokohama Financial Group to restructure Sumitomo Mitsui Trust Panasonic Finance into a joint venture, with Fuyo acquiring 40% of the non-treasury shares and treating the company as ...
Fuyo General Lease Delivers Strong Q1 FY2026 Earnings and Raises Dividend Outlook
Jul 30, 2026
Fuyo General Lease reported strong results for the quarter ended June 30, 2026, with net sales rising 16.6% year on year to ¥201.2 billion and operating profit jumping 29.3% to ¥19.7 billion. Ordinary profit grew 11.2% to ¥20.7 bill...
Fuyo General Lease Restructures Organization and Leadership for Portfolio Transformation
Jun 23, 2026
Fuyo General Lease Co., Ltd. announced a series of organizational and personnel changes effective July 1, 2026, as part of a restructuring of its domestic business operations. The company will establish a new Business Portfolio Transformation Pt.,...
Fuyo General Lease Revamps Board and Audit Lineup With New Outside Appointments
May 21, 2026
Fuyo General Lease has announced planned changes to its board and audit structure, including the nomination of Ryuichi Isaka, currently a senior advisor at Seven i Holdings, as a new outside part-time director. The move signals an effort to enhan...
Fuyo General Lease Outlines FY2025 Results and Forecasts Amid Uncertainty
May 12, 2026
Fuyo General Lease Co., Ltd. released a summary of its consolidated financial results for fiscal 2025, outlining key performance indicators such as profit before interest expenses, profit attributable to owners of the parent, and ROA based on ordi...
Fuyo General Lease lifts sales but profits slump despite real estate lease growth
May 12, 2026
Fuyo General Lease Co., Ltd., a major Japanese leasing and financial services provider listed on the TSE Prime, operates across a broad range of lease-related businesses with a particular emphasis on real estate-related transactions. The company s...
Fuyo General Lease Suffers Profit Slump but Signals Strong Recovery and Higher Payouts
May 12, 2026
Fuyo General Lease reported fiscal 2025 net sales of ¥788.7 billion, up 16.3% year on year, but operating profit dropped 37.4% to ¥40.5 billion and ordinary profit fell 44.6% to ¥38.2 billion. Profit attributable to owners of the pa...
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.