FULUHASHI EPO CORPORATION (9221) AI Stock Analysis

• Market Cap: ¥13.68B
• Dividend Yield: 2.3%
• Average Volume (3M): 36.66K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 0.46
• Revenue Growth: 8.36%
• EPS Growth: 327.58%
• Country: JP
• Employees: 452
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): 16.76
• Shares Outstanding: 11,779,600
• 10 Day Avg. Volume: 102,790
• 30 Day Avg. Volume: 36,663
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 10,636.31
• Revenue Forecast (FY): ¥1.72T

• Rating: 77 Outperform
• Price Target: ¥1,432.00 ▲(22.71% Upside)

The overall stock score of 77 reflects strong financial performance and bullish technical indicators. The company's stable financial position and reasonable valuation further support the score. However, the high RSI suggests caution due to potential overbought conditions, and negative free cash flow requires monitoring.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong demand for the company's products, enhancing its market position and supporting long-term business expansion.

Profitability

Improved profitability through higher net profit margins suggests effective cost management and operational efficiency, strengthening financial health.

Balance Sheet Health

A strong equity ratio reflects a solid financial foundation, providing resilience against economic fluctuations and supporting future growth initiatives.

Negative Factors

Negative Free Cash Flow

Negative free cash flow may limit the company's ability to invest in growth opportunities and meet financial obligations, posing a risk to long-term sustainability.

Debt Levels

High debt levels can strain financial resources and increase vulnerability to interest rate changes, impacting the company's financial flexibility and stability.

Cash Management Concerns

Inefficient cash management may hinder the company's ability to fund operations and strategic initiatives, affecting long-term growth prospects.

FULUHASHI EPO CORPORATION Business Overview & Revenue Model

Company Description

FULUHASHI EPO CORPORATION (9221) is a leading player in the Japanese manufacturing sector, specializing in the production and distribution of high-quality electronic components and materials. The company operates primarily in the electronics, automotive, and industrial sectors, offering a range of products that include semiconductors, circuit boards, and advanced materials used in various applications. With a commitment to innovation and sustainability, FULUHASHI EPO CORPORATION aims to enhance technological advancement while meeting the evolving needs of its diverse clientele.

How the Company Makes Money

FULUHASHI EPO CORPORATION generates revenue primarily through the sale of its electronic components and materials to various industries, including automotive and consumer electronics. The company benefits from a diversified revenue model, with significant streams coming from both domestic and international markets. Key revenue drivers include long-term contracts with major manufacturers, strategic partnerships with technology firms, and a growing demand for advanced electronic solutions. Additionally, the company invests in research and development to create innovative products, which helps to maintain competitive pricing and expand its market share.

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 is stable with manageable leverage. However, negative free cash flow raises concerns over cash management and capital expenditures.

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	4.07B	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: Positive
• Last Price: 1167.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9221, the sentiment is Positive. The current price of 1167 is below the 20-day moving average (MA) of 1178.15, above the 50-day MA of 1135.82, and above the 200-day MA of 1021.74, indicating a neutral trend. The MACD of 22.06 indicates Positive momentum. The RSI at 47.86 is Neutral, neither overbought nor oversold. The STOCH value of 18.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9221.

FULUHASHI EPO CORPORATION Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5698	77 Outperform	¥15.41B	13.09	―	2.47%	-9.37%	590.66%
9221	77 Outperform	¥13.68B	14.19	―	2.30%	8.36%	327.58%
1712	77 Outperform	¥31.01B	21.71	―	0.81%	15.80%	11.11%
6403	75 Outperform	¥13.62B	23.17	―	1.71%	23.19%	-37.04%
6566	73 Outperform	¥23.73B	15.51	―	1.86%	4.09%	9.96%
4245	67 Neutral	¥9.41B	39.79	―	3.35%	7.12%	-43.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%