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Fukuda Corporation
(1899)
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Rating:74Outperform
Price Target:
¥5,482.00
▼(-27.10% Downside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by strong financial resilience from an extremely low-debt balance sheet and supportive valuation (low P/E with a solid dividend). Technicals are also strong with the price well above key moving averages, though overbought momentum increases near-term volatility risk. Offsetting these positives, cash flow quality and predictability weakened materially in 2025 alongside a sharp revenue decline.
Positive Factors
Extremely Low Leverage
The exceptionally conservative balance sheet reduces refinancing and solvency risk, while providing financial flexibility to withstand construction-cycle volatility, fund projects, and maintain shareholder distributions without relying heavily on external debt.
Negative Factors
Sharp Revenue Contraction
The steep revenue decline demonstrates meaningful exposure to project timing and cyclical demand. Even with margins holding up, sustained top-line weakness could reduce operating scale, limit earnings visibility, and make future growth less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Extremely Low Leverage
The exceptionally conservative balance sheet reduces refinancing and solvency risk, while providing financial flexibility to withstand construction-cycle volatility, fund projects, and maintain shareholder distributions without relying heavily on external debt.
Read all positive factors
Fukuda Corporation (1899) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥83.31B
Dividend Yield2.58%
Average Volume (3M)28.88K
Price to Earnings (P/E)11.3
Beta (1Y)0.93
Revenue Growth6.50%
EPS Growth36.50%
CountryJP
Employees2,226
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)363.44
Shares Outstanding17,976,221
10 Day Avg. Volume17,330
30 Day Avg. Volume28,880
Financial Highlights & Ratios
PEG Ratio2.53
Price to Book (P/B)0.69
Price to Sales (P/S)0.37
P/FCF Ratio80.24
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
Fukuda Corporation Business Overview & Revenue Model
Company Description
Headquartered in Niigata, Japan, Fukuda Corporation has been a prominent entity in the Japanese construction industry since its inception in 1902. The company undertakes a wide array of construction-related activities, including the planning, desi...
Fukuda Corporation Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
90
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.56B | 167.96B | 166.59B | 162.24B | 154.36B | 179.85B |
| Gross Profit | 19.23B | 18.53B | 17.82B | 14.96B | 15.17B | 18.74B |
| EBITDA | 9.69B | 9.34B | 9.26B | 6.66B | 7.05B | 10.35B |
| Net Income | 6.02B | 5.55B | 5.31B | 3.39B | 3.65B | 5.86B |
Balance Sheet | ||||||
| Total Assets | 149.28B | 147.48B | 142.81B | 136.73B | 134.35B | 130.75B |
| Cash, Cash Equivalents and Short-Term Investments | 31.20B | 30.82B | 32.85B | 29.47B | 28.51B | 23.29B |
| Total Debt | 914.00M | 1.01B | 1.57B | 1.86B | 3.78B | 1.54B |
| Total Liabilities | 59.08B | 57.31B | 57.40B | 56.39B | 55.84B | 54.34B |
| Stockholders Equity | 89.85B | 89.81B | 84.66B | 79.62B | 77.83B | 75.77B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 776.00M | 4.52B | 5.29B | 3.73B | 6.75B |
| Operating Cash Flow | 0.00 | 2.57B | 5.88B | 7.49B | 5.02B | 7.80B |
| Investing Cash Flow | 0.00 | -1.13B | -1.98B | -1.88B | -1.13B | -1.50B |
| Financing Cash Flow | 0.00 | -2.57B | -1.37B | -4.35B | 970.00M | -6.13B |
Fukuda Corporation Technical Analysis
Positive
7520.00
Price Trends
4111.60
Positive
4044.90
Positive
3945.04
Positive
Market Momentum
276.13
Negative
74.32
Negative
80.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1899, the sentiment is Positive. The current price of 7520 is above the 20-day moving average (MA) of 4599.75, above the 50-day MA of 4111.60, and above the 200-day MA of 3945.04, indicating a bullish trend. The MACD of 276.13 indicates Negative momentum. The RSI at 74.32 is Negative, neither overbought nor oversold. The STOCH value of 80.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1899.
Fukuda Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥65.45B | 10.66 | ― | 0.79% | 3.35% | -49.91% | |
74 Outperform | ¥83.31B | 11.29 | ― | 2.56% | 6.50% | 36.50% | |
70 Outperform | ¥70.13B | 14.48 | ― | 3.84% | 0.75% | 46.28% | |
70 Outperform | ¥49.35B | 9.02 | ― | 2.84% | 24.08% | 44.92% | |
64 Neutral | ¥56.65B | 22.41 | ― | 1.57% | -6.91% | -46.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥68.21B | 11.24 | ― | 2.73% | -5.15% | 115.86% |
* Industrials Sector Average
JP:1899
Fukuda Corporation
5,030.00
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Fukuda Corporation Corporate Events
Fukuda Corporation Launches Share Buyback to Boost Capital Efficiency
Aug 7, 2026
Fukuda Corporation has executed a share buyback as part of its stated strategy to improve capital efficiency and bolster shareholder returns. The construction-focused company repurchased 118,000 shares of its common stock for a total of ¥499,...
Fukuda Corporation Launches ¥2 Billion Share Buyback via ToSTNeT-3
Aug 6, 2026
Fukuda Corporation has approved a share repurchase program under Japan’s Companies Act, with an initial off-auction buyback of 118,200 common shares scheduled via the Tokyo Stock Exchange’s ToSTNeT-3 system at the August 6 closing pric...
Fukuda Corp Launches ¥2 Billion Share Buyback Under Medium-Term Plan
Aug 6, 2026
Fukuda Corporation’s board has approved a share buyback of up to 526,000 common shares, representing about 3.2% of its outstanding stock, for a total amount not exceeding ¥2 billion. The repurchase will run from August 7 to December 30,...
Fukuda Outlines Q2 Results and 2026 Outlook in New Financial Presentation
Aug 6, 2026
Fukuda Corporation has released its presentation of consolidated financial results for the second quarter of the fiscal year ending December 2026, outlining profit and loss, segment performance, and balance sheet highlights. The materials also det...
Fukuda Lifts 2026 Earnings Outlook and Dividend on Strong Construction Orders
Aug 6, 2026
Fukuda Corporation has sharply upgraded its full-year 2026 guidance, projecting consolidated net sales of ¥190.5 billion and profit attributable to owners of parent of ¥6.4 billion, representing double-digit gains over its previous forec...
Fukuda lifts earnings outlook on sharp profit gains and higher dividend plan
Aug 6, 2026
Fukuda Corporation reported strong interim results for the six months ended June 30, 2026, with net sales rising 14.7% year on year to ¥88.86 billion and operating profit surging 61.8% to ¥5.82 billion. Ordinary profit climbed 59.8% to &...
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.