FULUHASHI EPO CORPORATION (9221) AI Stock Analysis

• Market Cap: ¥13.13B
• Dividend Yield: 2.5%
• Average Volume (3M): 7.89K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.40
• Revenue Growth: 8.44%
• EPS Growth: 264.80%
• Country: JP
• Employees: 452
• Sector: Industrials
• Sector Strength: 71
• Industry: Waste Management
• EPS (TTM): 15.05
• Shares Outstanding: 11,779,600
• 10 Day Avg. Volume: 6,270
• 30 Day Avg. Volume: 7,893
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥1,203.00
• Price Target Upside: 7.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ¥1,203.00 ▲(7.51% Upside)

The overall stock score is driven primarily by strong financial performance, with robust revenue and profit growth. However, technical indicators suggest bearish momentum, and negative free cash flow raises concerns about cash management. The valuation is reasonable, providing a fair P/E ratio and a decent dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for the company's products and effective market penetration, supporting long-term financial stability.

Profitability

Improved profitability reflects efficient cost management and strong operational performance, enhancing the company's ability to reinvest in growth initiatives.

Balance Sheet Health

A strong equity ratio indicates financial stability, providing the company with a solid foundation to withstand economic fluctuations and invest in future opportunities.

Negative Factors

Negative Free Cash Flow

Negative free cash flow suggests potential difficulties in funding operations and growth without external financing, which could impact long-term financial health.

Debt Levels

High debt levels can limit financial flexibility and increase vulnerability to interest rate changes, potentially affecting long-term strategic initiatives.

Cash Management Concerns

Challenges in cash management can strain resources needed for strategic investments and operational efficiency, impacting future growth prospects.

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 is stable with manageable leverage, but there are concerns over negative free cash flow, indicating potential challenges in cash 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	9.38B	9.38B	8.75B	8.08B	7.72B	7.69B
Gross Profit	4.29B	4.30B	4.03B	3.57B	3.39B	3.16B
EBITDA	1.81B	2.11B	1.25B	1.64B	1.33B	1.15B
Net Income	1.03B	1.03B	263.26M	743.72M	569.71M	411.03M
Balance Sheet
Total Assets	12.17B	12.17B	11.33B	11.31B	9.26B	8.96B
Cash, Cash Equivalents and Short-Term Investments	1.11B	1.11B	2.43B	2.60B	653.60M	768.85M
Total Debt	3.80B	3.80B	3.39B	4.04B	4.97B	4.96B
Total Liabilities	6.58B	6.58B	6.30B	6.26B	7.14B	7.23B
Stockholders Equity	5.59B	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: 1119.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 1119 is above the 20-day moving average (MA) of 1100.85, above the 50-day MA of 1112.66, and above the 200-day MA of 953.65, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 52.17 is Neutral, 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
1712	77 Outperform	¥20.36B	14.97		1.16%	-5.25%	-11.55%
6566	73 Outperform	¥18.41B	12.11		2.39%	5.26%	11.18%
9221	69 Neutral	¥13.13B	14.11		2.50%	8.44%	264.80%
5698	67 Neutral	¥14.72B	12.50		3.09%	-5.98%	117.92%
4245	65 Neutral	¥9.08B	34.46		3.51%	7.87%	-43.45%
6403	64 Neutral	¥14.32B	680.97		1.55%	22.44%	-96.06%
Sector *	63 Neutral	$10.70B	15.26	7.37%	2.02%	2.87%	-14.59%