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F&M Co., Ltd. (4771) AI Stock Analysis

JP:4771

F&M Co., Ltd.

(TSE/TYO:4771)

Select Model
Rating:81Outperform
Price Target:JPY 3,425.00â–²(18.80% Upside)
Action:reiterated
Date:10/30/26

The score is driven primarily by strong financial performance—accelerating revenue growth, improved margins, and a debt-free balance sheet—partly tempered by historical cash-flow volatility. Technicals are supportive due to a clear uptrend and positive MACD, but overbought readings raise near-term pullback risk. Valuation is reasonable with a modest dividend yield, adding moderate support.

Positive Factors
Consistent Revenue GrowthA multi-year growth record with sharper expansion in 2026 indicates sustained demand for the company’s SME support services. Continued top-line momentum can broaden its client base, support operating leverage, and provide a durable platform for reinvestment and cross-selling.
Negative Factors
Volatile Cash ConversionRecent cash-flow improvement is encouraging, but the earlier decline and weak 2024 conversion show that accounting earnings have not translated into cash consistently. Continued volatility could constrain internally funded investment and make operating performance less predictable.

F&M Co., Ltd. (4771) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%JP:4771+16.62%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 42.65B
Dividend Yield
2.08%
Average Volume (3M)
14.94K
Price to Earnings (P/E)
13.9
Beta (1Y)
0.24
Revenue Growth
23.76%
EPS Growth
65.52%
Country
Japan
Employees
990
Sector
Industrials
Sector Strength
63
Industry
Specialty Business Services

F&M Co., Ltd. Business Overview & Revenue Model

Company Description

F&M Co.,Ltd. specializes in delivering comprehensive management and accounting support to small and medium-sized enterprises (SMEs) and individual business owners. The company's operations are divided into distinct segments: Accounting Services, Cons...

How the Company Makes Money

The company primarily makes money by charging corporate clients—especially SMEs—for recurring and project-based business support services. Key revenue streams include (1) ongoing service fees for managed/outsourced back-office operations and advisory...

F&M Co., Ltd. Financial Statement Overview

Summary

Strong fundamentals: consistent multi-year revenue growth with a sharp acceleration in 2026, improving profitability (higher EBIT/EBITDA and net margin in 2026), and a very conservative balance sheet with effectively no debt. The main offset is uneven cash-flow consistency in prior years despite a recent rebound.

Income Statement

86Very Positive

Balance Sheet

92Very Positive

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue21.85B20.81B17.07B14.86B12.70B10.88B
Gross Profit14.71B14.07B11.59B9.79B8.69B7.35B
EBITDA6.40B5.95B4.37B3.53B3.59B3.01B
Net Income3.06B2.83B1.81B1.61B1.88B1.55B
Balance Sheet
Total Assets19.71B20.64B17.31B15.21B13.55B12.07B
Cash, Cash Equivalents and Short-Term Investments5.50B6.84B5.93B5.32B4.91B4.39B
Total Debt000000
Total Liabilities4.21B5.22B4.10B3.59B2.99B2.93B
Stockholders Equity15.49B15.42B13.21B11.62B10.57B9.14B
Cash Flow
Free Cash Flow04.97B3.55B2.90B2.81B2.70B
Operating Cash Flow05.20B3.74B3.26B2.99B2.88B
Investing Cash Flow0-3.69B-2.91B-2.42B-1.90B-1.70B
Financing Cash Flow0-606.34M-225.13M-524.98M-467.96M-397.40M

F&M Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price2883.00

Price Trends

50DMA2676.47Positive
100DMA2554.93Positive
200DMA2405.42Positive

Market Momentum

MACD38.75Negative
RSI64.13Neutral
STOCH75.98Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4771, the sentiment is Positive. The current price of 2883.00 is above the 20-day moving average (MA) of 2656.15, above the 50-day MA of 2676.47, and above the 200-day MA of 2405.42, indicating a bullish trend. The MACD of 38.75 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 75.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4771.

F&M Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:4771 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4771JP:477181OutperformJPY 42.07B13.93―2.08%23.76%65.52%
JP:7914JP:791473OutperformJPY 42.68B10.64―4.82%-1.79%10.53%
JP:7811JP:781171OutperformJPY 21.82B7.85―3.19%5.98%52.32%
JP:7912JP:791266NeutralJPY 1.21T14.947.01%1.45%3.56%-7.20%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:7911JP:791146NeutralJPY 1.21T15.625.81%2.07%8.97%-9.58%

* Industrials Sector Average

Performance Comparison

-20%0%20%40%JP:4771JP:7912JP:7911JP:7811JP:7914Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:4771 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4771F&M Co., Ltd.2883.00283.0310.89%
JP:7912Dai Nippon Printing Co 2822.50278.8510.96%
JP:7911Toppan Printing Co 2127.50261.2014.00%
JP:7811Nakamoto Packs Co. Ltd.2446.00698.7139.99%
JP:7914Kyodo Printing Co., Ltd.1661.00229.5916.04%
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 30, 2026