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Fuso Chemical Co., Ltd.
(4368)
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Rating:66Neutral
Price Target:
¥3,089.00
▼(-11.74% Downside)
Action:Downgraded
Date:08/20/26
The score is driven primarily by strong financial performance (high and improving margins, healthy ROE, and conservative leverage), partially offset by weaker cash conversion and past cash-flow volatility. Technical indicators are a significant drag due to a clear downtrend (below key moving averages and negative MACD), while valuation is neutral-to-slightly supportive with a moderate P/E but low dividend yield.
Positive Factors
Strong Profitability
High gross, operating, and net margins indicate strong economics for the specialty-chemicals business. Net margin improved from about 14.1% in FY2024 to 22.1% TTM, demonstrating stronger earnings capacity and providing resources to support continued operations and investment.
Negative Factors
Weak Cash Conversion
TTM operating cash flow was about 85% of net income and free cash flow about 74%, showing that reported earnings do not fully translate into cash. Working-capital or investment needs can reduce funds available for reinvestment, debt service, or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High gross, operating, and net margins indicate strong economics for the specialty-chemicals business. Net margin improved from about 14.1% in FY2024 to 22.1% TTM, demonstrating stronger earnings capacity and providing resources to support continued operations and investment.
Read all positive factors
Fuso Chemical Co., Ltd. (4368) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥303.92B
Dividend Yield0.97%
Average Volume (3M)546.92K
Price to Earnings (P/E)16.9
Beta (1Y)1.12
Revenue Growth14.65%
EPS Growth51.06%
CountryJP
Employees956
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)169.14
Shares Outstanding106,533,000
10 Day Avg. Volume495,570
30 Day Avg. Volume546,916
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)2.46
Price to Sales (P/S)3.75
P/FCF Ratio16.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,000.00Price Target Upside14.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)196.19
Revenue Forecast (FY)¥91.76B
Fuso Chemical Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1952 and headquartered in Osaka, Japan, Fuso Chemical Co.,Ltd. operates globally, specializing in the manufacturing and distribution of a diverse portfolio spanning life science, electronic material, and functional chemical products...
Fuso Chemical Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.09B | 76.93B | 69.50B | 58.97B | 68.46B | 55.76B |
| Gross Profit | 31.21B | 29.32B | 25.97B | 20.57B | 28.41B | 23.08B |
| EBITDA | 33.01B | 30.59B | 24.71B | 19.29B | 24.42B | 20.17B |
| Net Income | 17.90B | 14.31B | 11.62B | 8.34B | 14.13B | 10.89B |
Balance Sheet | ||||||
| Total Assets | 166.83B | 152.26B | 141.50B | 133.74B | 113.53B | 92.01B |
| Cash, Cash Equivalents and Short-Term Investments | 38.29B | 41.01B | 31.30B | 31.47B | 23.41B | 24.36B |
| Total Debt | 15.90B | 16.90B | 20.07B | 20.01B | 24.82M | 19.77M |
| Total Liabilities | 43.83B | 35.04B | 37.45B | 38.72B | 26.03B | 16.71B |
| Stockholders Equity | 123.00B | 117.22B | 104.05B | 95.03B | 87.50B | 75.30B |
Cash Flow | ||||||
| Free Cash Flow | 18.71B | 17.44B | 4.38B | -7.87B | 498.10M | 973.26M |
| Operating Cash Flow | 25.25B | 24.79B | 22.73B | 7.08B | 13.93B | 10.20B |
| Investing Cash Flow | -10.63B | -11.07B | -20.57B | -18.60B | -13.42B | -9.38B |
| Financing Cash Flow | -6.91B | -5.91B | -2.41B | 17.66B | -2.12B | -2.88B |
Fuso Chemical Co., Ltd. Technical Analysis
Negative
3500.00
Price Trends
3113.10
Negative
3609.42
Negative
3283.09
Negative
Market Momentum
-45.34
Positive
36.43
Neutral
11.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4368, the sentiment is Negative. The current price of 3500 is above the 20-day moving average (MA) of 3227.61, above the 50-day MA of 3113.10, and above the 200-day MA of 3283.09, indicating a bearish trend. The MACD of -45.34 indicates Positive momentum. The RSI at 36.43 is Neutral, neither overbought nor oversold. The STOCH value of 11.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4368.
Fuso Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥378.13B | 16.53 | ― | 5.24% | 3.57% | 35.54% | |
75 Outperform | ¥811.91B | 14.57 | 6.64% | 3.92% | -0.63% | 15.92% | |
74 Outperform | ¥1.08T | 20.73 | 21.36% | 2.49% | 9.89% | 18.20% | |
74 Outperform | ¥194.83B | 10.55 | ― | 4.74% | -1.25% | 34.70% | |
66 Neutral | ¥303.92B | 16.91 | ― | 0.97% | 14.65% | 51.06% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | ¥257.54B | 19.03 | 4.48% | 3.35% | -2.99% | ― |
* Basic Materials Sector Average
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Fuso Chemical Co., Ltd. Corporate Events
Fuso Chemical Completes Treasury Stock Disposal for Restricted Share Compensation
Aug 14, 2026
Fuso Chemical Co., Ltd., a Prime Market-listed Japanese chemical manufacturer under securities code 4368, produces specialized chemical materials and operates with a conventional governance structure that includes a board of directors and an audit...
Fuso Chemical Posts Profit Surge in First Quarter, Keeps Full-Year Outlook Intact
Aug 7, 2026
Fuso Chemical Co., Ltd. reported strong consolidated results for the quarter ended June 30, 2026, with net sales rising 22.3% year on year to ¥22.8 billion and profit attributable to owners of parent more than doubling to ¥6.7 billion. E...
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.