FULUHASHI EPO CORPORATION (JP:9221)
:9221
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FULUHASHI EPO CORPORATION
(9221)
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Rating:59Neutral
Price Target:
¥1,214.00
▼(-7.26% Downside)
Action:Downgraded
Date:05/15/26
The score is driven primarily by mixed fundamentals: strong revenue growth and profitability are offset by weak cash conversion and negative free cash flow in the last two years. Technicals are also a headwind with the stock trading below key moving averages and a negative MACD, while valuation is supportive with a reasonable P/E and a moderate dividend yield.
Positive Factors
Revenue Growth
Consistent top-line growth from ¥7.7B to ~¥10.0B over 2021–2026 signals durable demand for the company’s waste-management services. This scale expansion supports longer-term contract renewal leverage, operational efficiency gains, and steady cash generation potential over the next several quarters.
Negative Factors
Negative Free Cash Flow
Two consecutive years of negative free cash flow despite positive operating cash flow point to heavy reinvestment or working-capital strain. Persistent FCF deficits can limit debt reduction, dividend capacity and self-funded growth, increasing reliance on external financing over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line growth from ¥7.7B to ~¥10.0B over 2021–2026 signals durable demand for the company’s waste-management services. This scale expansion supports longer-term contract renewal leverage, operational efficiency gains, and steady cash generation potential over the next several quarters.
Read all positive factors
FULUHASHI EPO CORPORATION (9221) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.87B
Dividend Yield2.4%
Average Volume (3M)36.66K
Price to Earnings (P/E)16.2
Beta (1Y)0.41
Revenue Growth6.65%
EPS Growth-12.53%
CountryJP
Employees452
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)79.02
Shares Outstanding11,779,600
10 Day Avg. Volume102,790
30 Day Avg. Volume36,663
Financial Highlights & Ratios
PEG Ratio-1.30
Price to Book (P/B)2.33
Price to Sales (P/S)1.44
P/FCF Ratio-27.80
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)N/A
Revenue Forecast (FY)N/A
FULUHASHI EPO CORPORATION Business Overview & Revenue Model
Company Description
Fuluhashi EPO Corporation engages in the processing and recycling of wood waste in Japan. The company is involved in the sale of recycled wood chips; recycling of construction by-product; and production and sale of pallet. It also engages in the b...
How the Company Makes Money
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FULUHASHI EPO CORPORATION Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.66B | 10.01B | 9.38B | 8.75B | 8.08B | 7.72B |
| Gross Profit | 4.43B | 4.43B | 4.30B | 4.03B | 3.57B | 3.39B |
| EBITDA | 1.85B | 1.93B | 1.76B | 1.59B | 1.34B | 1.25B |
| Net Income | 926.35M | 890.70M | 1.03B | 263.26M | 743.72M | 569.71M |
Balance Sheet | ||||||
| Total Assets | 12.55B | 13.87B | 12.19B | 11.35B | 11.33B | 9.28B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 1.12B | 1.11B | 2.43B | 2.60B | 653.60M |
| Total Debt | 3.88B | 4.93B | 3.80B | 3.40B | 4.08B | 5.02B |
| Total Liabilities | 6.95B | 7.66B | 6.60B | 6.33B | 6.28B | 7.16B |
| Stockholders Equity | 5.60B | 6.21B | 5.59B | 5.02B | 5.05B | 2.12B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -520.27M | -1.03B | 1.05B | 820.21M | 233.15M |
| Operating Cash Flow | 0.00 | 1.50B | 1.32B | 1.74B | 1.28B | 816.81M |
| Investing Cash Flow | 0.00 | -1.94B | -2.30B | -634.61M | -444.46M | -481.72M |
| Financing Cash Flow | 0.00 | 448.42M | -349.99M | -1.25B | 1.11B | -379.78M |
FULUHASHI EPO CORPORATION Technical Analysis
Negative
1309.00
Price Trends
1219.98
Negative
1281.55
Negative
1198.00
Negative
Market Momentum
-30.84
Positive
25.16
Positive
3.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9221, the sentiment is Negative. The current price of 1309 is above the 20-day moving average (MA) of 1200.95, above the 50-day MA of 1219.98, and above the 200-day MA of 1198.00, indicating a bearish trend. The MACD of -30.84 indicates Positive momentum. The RSI at 25.16 is Positive, neither overbought nor oversold. The STOCH value of 3.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9221.
FULUHASHI EPO CORPORATION Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥201.22B | 22.33 | 11.00% | 2.20% | 6.75% | -0.16% | |
73 Outperform | ¥25.83B | 8.53 | ― | 2.62% | -14.20% | 231.20% | |
72 Outperform | ¥421.05B | 24.29 | ― | 1.30% | 9.57% | 9.73% | |
67 Neutral | ¥7.36B | 57.57 | ― | 1.36% | -4.59% | -14.60% | |
67 Neutral | ¥74.23B | 7.12 | ― | 2.77% | 0.41% | 25.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥12.87B | 16.24 | ― | 2.40% | 6.65% | -12.53% |
* Industrials Sector Average
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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.