First Juken Co., Ltd. (8917) AI Stock Analysis

• Market Cap: ¥16.45B
• Dividend Yield: 3.75%
• Average Volume (3M): 87.41K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.37
• Revenue Growth: 19.17%
• EPS Growth: -42.56%
• Country: JP
• Employees: 441
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 18.56
• Shares Outstanding: 16,901,900
• 10 Day Avg. Volume: 90,580
• 30 Day Avg. Volume: 87,406
• PEG Ratio: -0.25
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 8.84
• 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: 62 Neutral
• Price Target: ¥1,328.00 ▲(18.15% Upside)
• Action: Downgraded Date: 12/19/25
• Date: Action: Downgraded 12/19/25

First Juken Co., Ltd. receives an overall stock score of 62, primarily influenced by its mixed financial performance and bearish technical indicators. While the company's valuation is attractive, indicating potential undervaluation, the weak momentum and challenges in profitability and cash flow generation weigh on the overall score.

Positive Factors

Conservative leverage

A low debt-to-equity ratio of ~0.35 indicates conservative leverage and a strong capital structure. This reduces refinancing and interest-rate risk, preserves financial flexibility to invest in projects or weather housing-cycle downturns, and supports long-term resilience.

Stable/modest revenue growth

Consistent, modest revenue growth suggests underlying demand recovery and steady market positioning in residential construction. Over 2–6 months this supports predictable backlog conversion, helps absorb fixed costs, and provides a platform for margin or volume expansion if execution continues.

Improving gross margin

An improving gross margin to 16.38% signals better cost management or pricing power in project execution. Sustainably higher gross margins enhance cash generation potential and create room to absorb SG&A or interest costs, improving long-term profitability if maintained.

Negative Factors

Declining net margin

A sharp drop in net margin halves profitability, reducing retained earnings and internal funding capacity. Persistently lower net margins limit the company's ability to invest in growth, maintain dividends, or build buffers against construction cycle shocks, weakening structural earnings power.

Weakened cash conversion

Deteriorating conversion of accounting profit into operating cash and falling free cash flow constrain reinvestment and liquidity. For a capital-intensive residential builder, this undermines the ability to fund projects, manage working capital, and sustain distributions without raising external capital.

Earnings volatility

A steep negative EPS growth rate (~-42.6%) reflects volatile or weakening bottom-line performance. Persistent earnings declines reduce predictability for stakeholders, complicate long-term planning, and make it harder to steadily rebuild margins or retain cash for strategic investments.

First Juken Co., Ltd. Business Overview & Revenue Model

Company Description

First Juken Co., Ltd. (8917) is a Japanese company primarily engaged in the manufacturing and sale of wooden products, particularly focusing on high-quality timber and engineered wood products. The company operates in the construction and housing sectors, offering a range of materials used in residential and commercial building projects. Its core products include laminated timber, wood-based panels, and other construction materials that cater to the growing demand for sustainable and eco-friendly building solutions.

How the Company Makes Money

First Juken Co., Ltd. generates revenue primarily through the sale of its wooden products to construction companies, builders, and home improvement retailers. The company's revenue model is based on direct sales of its manufactured products, which are often customized to meet specific client needs. Key revenue streams include bulk sales of engineered wood products for large construction projects, as well as smaller sales through retail channels. Additionally, the company may have partnerships with construction firms and architects, enhancing its market reach and facilitating larger contracts. The focus on sustainable practices and quality products also positions First Juken favorably in a market increasingly prioritizing environmentally friendly building materials.

First Juken Co., Ltd. Financial Statement Overview

Summary

First Juken Co., Ltd. demonstrates a mixed financial performance. The company shows moderate revenue growth and a stable balance sheet with low leverage. However, profitability has been under pressure, and cash flow generation has weakened. While the company maintains a solid capital structure, improving cash flow efficiency and profitability will be crucial for future growth and stability.

Income Statement

First Juken Co., Ltd. has shown a mixed performance in its income statement. The company experienced a modest revenue growth rate of 3.24% in the latest year, recovering from a decline in the previous period. However, the net profit margin decreased to 3.35% from 6.94% a year earlier, indicating pressure on profitability. The gross profit margin improved slightly to 16.38%, suggesting some efficiency in cost management. Overall, the income statement reflects moderate growth with some challenges in maintaining profitability.

Balance Sheet

The balance sheet of First Juken Co., Ltd. indicates a stable financial position. The debt-to-equity ratio is relatively low at 0.35, suggesting prudent leverage management. The return on equity has decreased to 3.52%, reflecting a decline in profitability. The equity ratio stands at a healthy level, indicating a strong capital structure. Overall, the balance sheet shows stability with a conservative approach to debt.

Cash Flow

The cash flow statement presents some concerns for First Juken Co., Ltd. The operating cash flow to net income ratio has decreased significantly, indicating potential issues in converting income into cash. Free cash flow has also declined, impacting the company's ability to reinvest or distribute dividends. Despite these challenges, the company maintains a positive free cash flow to net income ratio, suggesting some level of cash generation capability. Overall, the cash flow position requires attention to improve liquidity.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	42.88B	35.99B	43.37B	39.97B	42.63B
Gross Profit	7.02B	5.27B	6.42B	6.92B	7.13B
EBITDA	2.85B	3.59B	3.00B	3.49B	3.83B
Net Income	1.44B	2.50B	1.75B	2.05B	2.29B
Balance Sheet
Total Assets	61.79B	61.17B	52.67B	53.00B	50.91B
Cash, Cash Equivalents and Short-Term Investments	22.31B	20.55B	18.96B	19.17B	25.45B
Total Debt	14.26B	13.28B	7.55B	8.35B	7.92B
Total Liabilities	19.65B	19.62B	13.64B	15.19B	14.66B
Stockholders Equity	40.76B	39.75B	37.84B	36.67B	35.21B
Cash Flow
Free Cash Flow	1.75B	4.50B	1.20B	-6.13B	6.03B
Operating Cash Flow	2.92B	6.04B	2.55B	-5.37B	6.82B
Investing Cash Flow	-1.16B	-1.37B	-1.33B	-728.64M	-687.94M
Financing Cash Flow	5.49M	-3.14B	-1.41B	-175.55M	-194.91M

First Juken Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1124.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8917, the sentiment is Negative. The current price of 1124 is below the 20-day moving average (MA) of 1226.25, below the 50-day MA of 1204.34, and above the 200-day MA of 1122.12, indicating a neutral trend. The MACD of -3.11 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 23.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8917.

First Juken Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3291	74 Outperform	¥679.37B	9.63	5.64%	4.02%	0.20%	44.96%
1928	69 Neutral	¥2.31T	9.60	11.84%	4.17%	9.27%	-11.27%
1911	64 Neutral	¥902.69B	9.21	11.28%	3.21%	10.17%	-19.40%
1420	64 Neutral	¥8.41B	-14.29	―	3.58%	10.75%	117.39%
8917	62 Neutral	¥16.45B	15.76	―	3.75%	19.17%	-42.56%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1419	56 Neutral	¥115.17B	13.82	―	5.49%	-16.48%	-77.63%

First Juken Co., Ltd. Corporate Events

First Juken Co., Ltd. Reports Growth in Sales and Operating Profit Despite Decline in Net Profit

First Juken Co., Ltd. reported a significant increase in net sales and operating profit for the fiscal year ending October 31, 2025, with net sales rising by 19.2% and operating profit by 36.2%. However, the profit attributable to owners of the parent decreased by 42.5% compared to the previous year. The company also announced a stable dividend payout, maintaining the annual dividend per share at 43 yen. The financial outlook for the next fiscal year indicates modest growth in net sales and profits, reflecting a cautious optimism in the company’s future performance.

The most recent analyst rating on (JP:8917) stock is a Buy with a Yen1312.00 price target. To see the full list of analyst forecasts on First Juken Co., Ltd. stock, see the JP:8917 Stock Forecast page.