Fuji P.S Corporation (1848) AI Stock Analysis

Fuji P.S Corporation

(TSE/TYO:1848)

Select Model

Rating:59Neutral

Price Target:JPY 958.00▲(13.24% Upside)

Action:reiterated

Date:10/01/26

The overall score is constrained by weak and inconsistent cash flows, which is the most significant risk factor. While the balance sheet is manageable, declining revenue and profitability weigh on the fundamental outlook. Positively, strong technical momentum and a reasonable valuation with a low P/E ratio provide support, lifting the score from the lower end of the range.

Positive Factors

Specialized PC engineering businessA focused prestressed-concrete engineering model gives the company an established role in infrastructure and building projects requiring specialized construction execution. This concentration supports relevance in its target market and provides a clear basis for contract revenue over the medium term.

Negative Factors

Declining revenue and profitabilityLower revenue combined with sharply reduced operating and net margins points to weaker project economics and less earnings cushion. If this pattern persists, the company may have less capacity to absorb cost pressure, fund investment, or convert contracts into durable profit.

Fuji P.S Corporation (1848) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 15.17B
Dividend Yield: 2.56%
Average Volume (3M): 26.80K
Price to Earnings (P/E): 11.4
Beta (1Y): 0.76
Revenue Growth: -5.37%
EPS Growth: -47.05%
Country: Japan
Employees: 491
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Fuji P.S Corporation Business Overview & Revenue Model

Company Description

Fuji P.S Corporation operates as a construction company, undertaking diverse civil engineering projects. Its core activities include the building of pre-stressed concrete (PC) road and railway bridges, tanks, and other infrastructural developments. T...

How the Company Makes Money

Fuji P.S Corporation primarily makes money by earning contract revenue from construction and engineering projects that use prestressed concrete technology. Key revenue streams include (1) fees and payments received under construction contracts for ex...

Fuji P.S Corporation Financial Statement Overview

Summary

Financial performance is mixed. Revenue declined 5.8% and net margin contracted, though gross margin improved. The balance sheet is moderately leveraged with declining ROE. Cash flow is the weakest link, with inconsistent generation and negative free cash flow, despite a recent operating cash flow improvement.

Income Statement

48Neutral

Balance Sheet

55Neutral

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	32.36B	32.23B	33.77B	28.57B	26.84B	27.30B
Gross Profit	5.65B	5.13B	4.31B	3.77B	3.37B	4.27B
EBITDA	2.91B	2.40B	4.01B	1.40B	918.00M	1.73B
Net Income	1.33B	993.00M	2.19B	415.00M	123.00M	775.00M
Balance Sheet
Total Assets	36.98B	35.61B	37.78B	33.68B	28.79B	27.79B
Cash, Cash Equivalents and Short-Term Investments	1.95B	1.96B	3.08B	2.20B	2.32B	3.25B
Total Debt	10.64B	10.55B	10.79B	9.04B	6.46B	4.95B
Total Liabilities	23.71B	22.47B	25.47B	23.27B	18.86B	17.96B
Stockholders Equity	13.27B	13.14B	12.31B	10.41B	9.93B	9.83B
Cash Flow
Free Cash Flow	0	-598.00M	-4.03B	-2.51B	-2.21B	2.32B
Operating Cash Flow	0	418.00M	-2.33B	-1.09B	-1.16B	3.15B
Investing Cash Flow	0	-1.09B	1.70B	-1.46B	-1.10B	-1.08B
Financing Cash Flow	0	-464.00M	1.51B	2.42B	1.33B	-287.00M

Fuji P.S Corporation Technical Analysis

Technical Analysis SentimentPositive

Last Price846.00

Price Trends

50DMA804.84Positive

100DMA723.50Positive

200DMA659.04Positive

Market Momentum

MACD11.24Positive

RSI55.36Neutral

STOCH86.98Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1848, the sentiment is Positive. The current price of 846.00 is below the 20-day moving average (MA) of 847.65, above the 50-day MA of 804.84, and above the 200-day MA of 659.04, indicating a bullish trend. The MACD of 11.24 indicates Positive momentum. The RSI at 55.36 is Neutral, neither overbought nor oversold. The STOCH value of 86.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1848.

Fuji P.S Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

JP:1848 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:1450	83Outperform	JPY 13.01B	8.28	―	3.68%	18.38%	-0.97%
JP:1401	79Outperform	JPY 10.86B	17.01	―	1.06%	1.22%	13.59%
JP:1768	79Outperform	JPY 7.42B	5.70	―	4.92%	33.40%	91.46%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
JP:1966	63Neutral	JPY 12.21B	7.80	―	4.20%	-0.13%	-22.25%
JP:1844	62Neutral	JPY 7.23B	10.67	―	3.11%	25.32%	30.05%
JP:1848	59Neutral	JPY 15.25B	11.44	―	2.56%	-5.37%	-47.05%

* Industrials Sector Average

Performance Comparison

JP:1848 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:1848	Fuji P.S Corporation	859.00	358.07	71.48%
JP:1401	MBS Co., Ltd.	1413.00	68.63	5.11%
JP:1450	TANAKEN	1496.00	126.39	9.23%
JP:1768	Sonec Corporation	1016.00	28.81	2.92%
JP:1844	Ohmori Co., Ltd.	386.00	-223.71	-36.69%
JP:1966	Takada Corporation	1665.00	23.19	1.41%

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.

Date of analysis: Oct 01, 2026

Fuji P.S Corporation AI Stock Analysis