Fujisan Magazine Service Co., Ltd. (3138) AI Stock Analysis

Fujisan Magazine Service Co., Ltd.

(TSE/TYO:3138)

Select Model

Rating:63.5Neutral

Price Target:JPY 1,184.00▲(1.63% Upside)

Action:downgraded

Date:08/06/26

The overall score of 63.5 reflects a mixed outlook. The company's strong balance sheet and cash flows provide a solid foundation, but profitability pressures and a high valuation weigh on the stock. Technical indicators suggest short-term weakness, though the long-term trend remains positive. Investors should monitor the company's ability to improve margins.

Positive Factors

Conservative balance sheetA low leverage profile and rising equity provide durable financial flexibility, enabling the company to fund operations, absorb shocks, and pursue opportunistic investments without relying heavily on external financing. This conservatism supports long-term solvency and strategic optionality.

Negative Factors

Weakened profitabilityA material decline in profits and gross margin compression reduces internal funds for reinvestment and weakens return metrics. Sustained lower profitability erodes resilience to competitive pressure and limits the firm's ability to rebuild margins without structural business or cost changes.

Fujisan Magazine Service Co., Ltd. (3138) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 3.85B
Dividend Yield: 2.59%
Average Volume (3M): 2,463
Price to Earnings (P/E): 84.2
Beta (1Y): 0.31
Revenue Growth: 3.16%
EPS Growth: -28.86%
Country: Japan
Employees: 111
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Specialty Retail

Fujisan Magazine Service Co., Ltd. Business Overview & Revenue Model

Company Description

Fujisan Magazine Service Co., Ltd. operates a leading digital platform for magazine sales within Japan. The company offers a comprehensive collection comprising over 10,000 physical periodicals and more than 2,500 electronic magazine titles. This con...

How the Company Makes Money

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Fujisan Magazine Service Co., Ltd. Financial Statement Overview

Summary

Revenue has stabilized after declines, but profitability remains under pressure with declining margins (Income Statement score 45). However, the balance sheet is robust with low debt (score 85) and cash flow generation is strong (score 80). Overall financial health is stable with solid liquidity and solvency.

Income Statement

45Neutral

Balance Sheet

85Very Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.86B	5.81B	5.62B	5.77B	5.97B	5.93B
Gross Profit	1.56B	1.57B	1.67B	1.73B	1.85B	2.02B
EBITDA	492.76M	501.19M	577.61M	584.12M	650.55M	735.33M
Net Income	61.18M	79.22M	171.05M	223.00M	288.11M	346.86M
Balance Sheet
Total Assets	5.92B	5.72B	5.88B	5.82B	5.65B	5.46B
Cash, Cash Equivalents and Short-Term Investments	3.21B	2.98B	3.20B	3.11B	3.03B	2.89B
Total Debt	550.00M	450.00M	550.00M	550.00M	550.00M	550.00M
Total Liabilities	3.47B	3.16B	3.37B	3.47B	3.50B	3.55B
Stockholders Equity	2.30B	2.41B	2.39B	2.25B	2.07B	1.84B
Cash Flow
Free Cash Flow	0	383.74M	274.80M	417.95M	195.50M	527.72M
Operating Cash Flow	0	421.97M	276.56M	429.59M	435.21M	532.92M
Investing Cash Flow	0	-480.44M	-155.20M	-295.99M	-239.82M	-478.54M
Financing Cash Flow	0	-163.56M	-33.56M	-46.09M	-62.30M	-7.85M

Fujisan Magazine Service Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price1165.00

Price Trends

50DMA1158.28Positive

100DMA1149.94Positive

200DMA1109.84Positive

Market Momentum

MACD-0.18Positive

RSI47.49Neutral

STOCH50.44Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3138, the sentiment is Neutral. The current price of 1165.00 is below the 20-day moving average (MA) of 1181.60, above the 50-day MA of 1158.28, and above the 200-day MA of 1109.84, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 47.49 is Neutral, neither overbought nor oversold. The STOCH value of 50.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3138.

Fujisan Magazine Service Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3138 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3560	77Outperform	JPY 11.98B	14.62	―	1.95%	23.56%	81.61%
JP:3159	64Neutral	JPY 33.22B	9.85	―	1.67%	5.55%	-29.88%
JP:3138	64Neutral	JPY 3.66B	84.18	―	2.59%	3.16%	-28.86%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JP:3058	59Neutral	JPY 5.21B	13.81	―	―	8.36%	18.22%
JP:9278	56Neutral	JPY 41.83B	13.62	―	1.51%	10.64%	96.47%
JP:9978	38Underperform	JPY 1.71B	42.18	―	―	0.62%	―

* Consumer Cyclical Sector Average

Performance Comparison

JP:3138 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3138	Fujisan Magazine Service Co., Ltd.	1165.00	97.42	9.13%
JP:3058	Sanyodo Holdings Inc.	720.00	39.00	5.73%
JP:3159	Maruzen CHI Holdings Co., Ltd.	352.00	26.84	8.26%
JP:3560	Hobonichi Co., Ltd.	5130.00	1921.31	59.88%
JP:9278	BOOKOFF GROUP HOLDINGS LIMITED	2378.00	1083.48	83.70%
JP:9978	Bunkyodo Group Holdings Co., Ltd.	39.00	-7.00	-15.22%

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: Aug 06, 2026

Fujisan Magazine Service Co., Ltd. AI Stock Analysis