FULUHASHI EPO CORPORATION (9221) AI Stock Analysis

• Market Cap: ¥12.96B
• Dividend Yield: 2.62%
• Average Volume (3M): 10.01K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.42
• Revenue Growth: 8.44%
• EPS Growth: 264.80%
• Country: JP
• Employees: 452
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): 15.05
• Shares Outstanding: 11,779,600
• 10 Day Avg. Volume: 13,710
• 30 Day Avg. Volume: 10,010
• PEG Ratio: 0.03
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 1.11
• P/FCF Ratio: -10.08
• 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: ¥1,210.00
• Price Target Upside: 9.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ¥1,210.00 ▲(9.90% Upside)

The stock's overall score is driven by strong financial performance, particularly in revenue and profit growth, despite concerns over cash flow management. Technical indicators show a positive trend, though momentum is limited. The valuation is reasonable with a decent dividend yield, making it an attractive option for income-focused investors.

FULUHASHI EPO CORPORATION Business Overview & Revenue Model

Company Description

FULUHASHI EPO CORPORATION (9221) is a company engaged in the manufacturing and sale of construction materials. It specializes in producing and supplying a variety of products that cater to the construction and infrastructure sectors, including precast concrete products and other related materials that are essential for building and civil engineering projects.

How the Company Makes Money

FULUHASHI EPO CORPORATION generates revenue primarily through the sale of its construction materials. The company's key revenue streams include the manufacturing and distribution of precast concrete products, which are used in various construction projects. Additionally, the company may engage in partnerships with construction firms and infrastructure developers to supply materials for specific projects, thereby securing contracts that contribute to its earnings. The demand for construction and infrastructure development plays a significant role in the company’s financial performance, as it directly influences the need for its products.

FULUHASHI EPO CORPORATION Financial Statement Overview

Summary

The company demonstrates strong revenue and profit growth with efficient cost management, leading to improved profitability. The balance sheet reflects a stable financial position with manageable leverage. However, negative free cash flow raises concerns over capital expenditure management.

Income Statement

The company displayed strong revenue growth, with a 7.2% increase in 2025 compared to 2024. Gross profit margin is robust at 45.75%, indicating efficient cost management. Net profit margin improved significantly to 11.01%, showcasing enhanced profitability. EBITDA margin is strong at 22.49%, reflecting healthy operating performance. Overall, the income statement indicates a positive growth trajectory with solid profitability.

Balance Sheet

The debt-to-equity ratio is moderate at 0.68, reflecting balanced leverage. Return on equity (ROE) improved to 18.47%, indicating effective use of equity. The equity ratio is healthy at 45.96%, suggesting a stable financial position. However, the total debt is significant, which could pose potential risks if not managed properly.

Cash Flow

Free cash flow turned negative in 2025, indicating potential challenges in cash generation. The operating cash flow to net income ratio is strong at 1.28, suggesting good cash generation relative to net income. However, the negative free cash flow to net income ratio highlights potential concerns over capital expenditures and cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.66B	9.38B	8.75B	8.08B	7.72B	7.69B
Gross Profit	4.42B	4.30B	4.03B	3.57B	3.39B	3.16B
EBITDA	1.91B	2.11B	1.25B	1.64B	1.33B	1.15B
Net Income	926.18M	1.03B	263.26M	743.72M	569.71M	411.03M
Balance Sheet
Total Assets	12.55B	12.17B	11.33B	11.31B	9.26B	8.96B
Cash, Cash Equivalents and Short-Term Investments	1.08B	1.11B	2.43B	2.60B	653.60M	768.85M
Total Debt	3.88B	3.80B	3.39B	4.04B	4.97B	4.96B
Total Liabilities	6.95B	6.58B	6.30B	6.26B	7.14B	7.23B
Stockholders Equity	5.60B	5.59B	5.02B	5.05B	2.12B	1.73B
Cash Flow
Free Cash Flow	0.00	-1.03B	1.04B	812.93M	228.18M	859.32M
Operating Cash Flow	0.00	1.32B	1.74B	1.28B	816.81M	1.05B
Investing Cash Flow	0.00	-2.30B	-634.61M	-444.46M	-481.72M	-156.08M
Financing Cash Flow	0.00	-349.99M	-1.25B	1.11B	-379.78M	-877.34M

FULUHASHI EPO CORPORATION Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1101.00
• 50DMA: Positive
• 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:9221, the sentiment is Neutral. The current price of 1101 is below the 20-day moving average (MA) of 1108.07, above the 50-day MA of 1100.49, and above the 200-day MA of 977.44, indicating a neutral trend. The MACD of 1.16 indicates Positive momentum. The RSI at 48.90 is Neutral, neither overbought nor oversold. The STOCH value of 24.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9221.

FULUHASHI EPO CORPORATION Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6566	78 Outperform	¥19.54B	12.22	―	2.18%	5.26%	11.18%
1712	77 Outperform	¥31.01B	21.71	―	0.81%	15.80%	11.11%
9221	71 Outperform	¥12.96B	14.01	―	2.62%	8.44%	264.80%
5698	69 Neutral	¥15.11B	12.63	―	2.98%	-5.98%	117.10%
4245	67 Neutral	¥9.17B	34.81	―	3.53%	7.87%	-43.45%
6403	64 Neutral	¥12.01B	559.66	―	2.00%	22.44%	-96.06%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%