Furubayashi Shiko Co., Ltd. (3944) AI Stock Analysis

Furubayashi Shiko Co., Ltd.

(TSE/TYO:3944)

Select Model

Rating:66Neutral

Price Target:JPY 3,445.00▲(14.45% Upside)

Action:reiterated

Date:08/06/26

The score is driven primarily by solid financial stability (manageable leverage and growing equity), but capped by thin/volatile profitability and uneven multi-year cash flow. Technicals add support due to a strong uptrend and positive MACD, though overbought RSI/Stoch reduces confidence. Valuation is reasonable (P/E ~12.9) with a modest dividend yield (~1.85%).

Positive Factors

Controlled leverageControlled leverage and a decline in debt improve financial resilience, giving the company greater capacity to withstand operating volatility. Steadily growing equity further strengthens the balance sheet and preserves flexibility for investment, debt service, and shareholder returns over the coming quarters.

Negative Factors

2025 revenue declineThe 2025 revenue contraction directly limits operating leverage and makes it harder for fixed costs to be absorbed efficiently. Unless sales momentum improves, lower volume can constrain earnings growth, reduce reinvestment capacity, and weaken the foundation for sustained margin expansion over the next several quarters.

Furubayashi Shiko Co., Ltd. (3944) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 3.32B
Dividend Yield: 1.66%
Average Volume (3M): 952
Price to Earnings (P/E): 11.5
Beta (1Y): 0.21
Revenue Growth: 3.08%
EPS Growth: -19.20%
Country: Japan
Employees: 527
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Packaging & Containers

Furubayashi Shiko Co., Ltd. Business Overview & Revenue Model

Company Description

Furubayashi Shiko Co., Ltd., established in Osaka, Japan in 1934, is an international provider of extensive packaging solutions, covering everything from initial planning and design to manufacturing and distribution. Their diverse product portfolio i...

Furubayashi Shiko Co., Ltd. Financial Statement Overview

Summary

Balance sheet strength is a clear positive (controlled leverage with debt-to-equity ~0.27–0.39 and ~0.31 in 2025, plus a steadily growing equity base). However, operating performance is only modest: margins are thin (net margin ~1.8% in 2025), earnings have been volatile, and revenue declined in 2025 (-7.3%). Cash flow improved in 2025 with positive free cash flow, but multi-year cash generation has been inconsistent.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.81B	17.86B	18.10B	17.91B	17.06B	16.15B
Gross Profit	2.89B	2.88B	2.59B	2.89B	2.63B	2.38B
EBITDA	1.02B	1.13B	832.23M	1.04B	920.96M	610.57M
Net Income	234.00M	316.00M	248.32M	439.29M	330.70M	135.97M
Balance Sheet
Total Assets	19.49B	20.37B	20.65B	19.01B	17.01B	17.01B
Cash, Cash Equivalents and Short-Term Investments	1.80B	1.77B	2.08B	1.91B	1.61B	1.23B
Total Debt	3.62B	3.11B	3.64B	2.77B	2.16B	2.96B
Total Liabilities	8.54B	9.54B	10.41B	9.57B	8.44B	8.58B
Stockholders Equity	10.12B	10.00B	9.38B	8.67B	7.89B	7.78B
Cash Flow
Free Cash Flow	0	672.00M	-745.72M	-252.49M	1.25B	-158.55M
Operating Cash Flow	0	1.06B	392.75M	655.84M	1.51B	259.47M
Investing Cash Flow	0	-725.00M	-1.02B	-919.52M	-283.92M	-507.53M
Financing Cash Flow	0	-665.00M	608.61M	523.73M	-858.59M	202.87M

Furubayashi Shiko Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price3010.00

Price Trends

50DMA3089.00Negative

100DMA2805.78Positive

200DMA2631.60Positive

Market Momentum

MACD-43.76Negative

RSI53.68Neutral

STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3944, the sentiment is Positive. The current price of 3010.00 is above the 20-day moving average (MA) of 2977.50, below the 50-day MA of 3089.00, and above the 200-day MA of 2631.60, indicating a neutral trend. The MACD of -43.76 indicates Negative momentum. The RSI at 53.68 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3944.

Furubayashi Shiko Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3944 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3950	85Outperform	JPY 88.60B	14.96	―	2.59%	3.57%	-1.12%
JP:3954	76Outperform	JPY 13.36B	8.94	―	1.83%	2.39%	21.14%
JP:5210	73Outperform	JPY 27.59B	8.48	―	5.55%	-1.60%	6.94%
JP:4248	71Outperform	JPY 10.99B	13.22	―	4.22%	4.51%	11.57%
JP:3951	69Neutral	JPY 18.96B	10.50	―	4.32%	2.69%	15.76%
JP:3944	66Neutral	JPY 3.32B	11.54	―	1.66%	3.08%	-19.20%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

* Consumer Cyclical Sector Average

Performance Comparison

JP:3944 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3944	Furubayashi Shiko Co., Ltd.	3010.00	737.66	32.46%
JP:3950	Pack Corporation	1507.00	340.60	29.20%
JP:3951	Asahi Printing Co., Ltd.	880.00	43.61	5.21%
JP:3954	SHOWA PAXXS CORP.	3010.00	200.80	7.15%
JP:4248	Takemoto Yohki Co.Ltd.	877.00	69.45	8.60%
JP:5210	Nihon Yamamura Glass Co., Ltd.	2701.00	166.62	6.57%

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

Furubayashi Shiko Co., Ltd. AI Stock Analysis