Fullcast Holdings Co., Ltd. (4848) AI Stock Analysis

• Market Cap: ¥59.37B
• Dividend Yield: 3.66%
• Average Volume (3M): 47.71K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.58
• Revenue Growth: 0.16%
• EPS Growth: -21.98%
• Country: JP
• Employees: 1,178
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 42.37
• Shares Outstanding: 35,215,450
• 10 Day Avg. Volume: 48,860
• 30 Day Avg. Volume: 47,713
• PEG Ratio: -1.74
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 10.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,840.00
• Price Target Upside: 8.55% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ¥1,840.00 ▲(8.55% Upside)

The overall stock score reflects a strong financial performance and reasonable valuation, offset by negative technical indicators. The company's robust financial health supports its long-term prospects, but current market momentum suggests caution in the short term.

Fullcast Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Fullcast Holdings Co., Ltd. is a Japanese company primarily engaged in providing human resource services. Founded in 1990 and headquartered in Tokyo, Japan, the company specializes in temporary staffing solutions, outsourcing, and human resource management services across various sectors including manufacturing, logistics, and information technology. Fullcast Holdings Co., Ltd. aims to address the dynamic needs of its clients by offering flexible workforce solutions and improving operational efficiencies.

How the Company Makes Money

Fullcast Holdings Co., Ltd. generates revenue primarily through its staffing and outsourcing services. The company earns money by providing temporary staffing solutions to businesses that require flexible workforce management. This involves supplying temporary staff for short-term projects, seasonal demands, or specific tasks, and charging clients for the placement and management of these workers. Additionally, Fullcast Holdings offers outsourcing services which include taking over specific business processes or functions on behalf of clients, thereby earning service fees. The company's revenue model also benefits from its ability to adapt to market demands and maintain a strong client base across various industries in Japan. Partnerships with businesses in sectors like manufacturing and logistics contribute significantly to its earnings, as they rely on Fullcast Holdings for efficient and reliable human resource solutions.

Fullcast Holdings Co., Ltd. Financial Statement Overview

Summary

Fullcast Holdings Co., Ltd. presents a strong financial profile with stable revenues, healthy profitability margins, and a robust balance sheet with minimal leverage. The solid cash flow generation enhances its financial flexibility, positioning it well for sustainable growth.

Income Statement

The company has shown consistent revenue growth over the years, although the latest year saw a slight decline. Gross and net profit margins have been stable, with a strong EBIT and EBITDA margin indicating efficient operations. The overall profitability remains robust despite minor fluctuations.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, indicating minimal leverage. The equity ratio is healthy, reflecting a strong capital base. Return on equity is solid, showcasing efficient use of shareholder funds. The company is in a stable financial position with low financial risk.

Cash Flow

Free cash flow has been consistently positive, and the operating cash flow to net income ratio suggests good cash conversion efficiency. The company has demonstrated the ability to generate substantial free cash flow consistently, contributing to financial stability and supporting potential future investments or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	69.62B	68.56B	68.97B	64.64B	52.37B	43.23B
Gross Profit	24.82B	24.52B	23.01B	21.46B	18.03B	17.72B
EBITDA	8.40B	9.60B	9.83B	10.32B	8.06B	6.60B
Net Income	4.81B	5.49B	5.89B	6.62B	5.01B	4.11B
Balance Sheet
Total Assets	42.83B	41.47B	38.98B	35.60B	29.48B	23.95B
Cash, Cash Equivalents and Short-Term Investments	12.35B	17.53B	14.47B	20.63B	17.41B	13.31B
Total Debt	1.83B	1.00B	1.00B	1.00B	1.00B	1.00B
Total Liabilities	12.88B	12.60B	12.19B	10.68B	8.90B	6.56B
Stockholders Equity	29.94B	28.87B	25.60B	23.88B	19.66B	16.66B
Cash Flow
Free Cash Flow	0.00	5.08B	4.86B	6.51B	6.19B	3.70B
Operating Cash Flow	0.00	5.76B	5.16B	6.80B	6.37B	3.98B
Investing Cash Flow	0.00	175.00M	-6.37B	-958.00M	-99.00M	-89.00M
Financing Cash Flow	0.00	-2.87B	-4.95B	-2.62B	-2.17B	-2.47B

Fullcast Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1695.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4848, the sentiment is Negative. The current price of 1695 is below the 20-day moving average (MA) of 1746.20, below the 50-day MA of 1759.98, and above the 200-day MA of 1623.26, indicating a neutral trend. The MACD of -16.07 indicates Positive momentum. The RSI at 35.41 is Neutral, neither overbought nor oversold. The STOCH value of 12.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4848.

Fullcast Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	81 Outperform	¥109.49B	19.46	―	7.90%	13.16%	-40.17%
4318	76 Outperform	¥46.59B	13.94	―	3.83%	9.05%	-3.95%
7088	72 Outperform	¥65.03B	22.30	―	4.90%	10.29%	22.04%
4641	69 Neutral	¥43.64B	13.25	―	3.47%	7.59%	13.69%
4848	66 Neutral	¥59.37B	12.42	―	3.66%	0.16%	-21.98%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2168	43 Neutral	€76.01B	1.03	-6.02%	0.74%	-9.70%	-108.59%

Fullcast Holdings Co., Ltd. Corporate Events

Fullcast Holdings Boosts Employee Engagement with Share Allotment Plan

Fullcast Holdings Co., Ltd. announced its decision to dispose of treasury shares through a third-party allotment to its Employee Shareholding Association. This move aims to incentivize employees, encouraging them to build personal assets and increase engagement with the company’s operations. By promoting employee ownership, Fullcast seeks to enhance its corporate value and foster a sense of management awareness among employees, aligning their interests with those of the company and its stakeholders.

Fullcast Holdings Introduces Special Incentive Scheme for Employee Engagement

Fullcast Holdings Co., Ltd. has introduced a ‘Special Incentive Scheme’ to enhance employee engagement by allowing them to acquire company shares through the Employee Shareholding Association. This initiative aims to increase employees’ participation in management and motivation towards the company’s long-term shareholder value, with minimal expected impact on financial performance.

Fullcast Holdings Introduces Shareholder Benefit Program

Fullcast Holdings Co., Ltd. has announced the establishment of a shareholder benefit program aimed at expressing gratitude to shareholders, enhancing the attractiveness of investing in the company’s shares, and encouraging more individuals to become shareholders. The program offers benefits such as meal vouchers and ramen boxed sets to shareholders based on the number of shares held and the duration of ownership, with the first benefits to be distributed to shareholders recorded as of June 30, 2025.

Fullcast Holdings Reports Decline in Q1 2025 Financial Results

Fullcast Holdings Co., Ltd. reported a decline in its financial performance for the first quarter of 2025, with net sales and profits showing a year-on-year decrease. Despite the downturn, the company maintains a strong equity-to-asset ratio, indicating stable financial health. The dividend forecast remains unchanged, reflecting confidence in future performance, although the company acknowledges potential risks from economic conditions and regulatory changes.