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Fujimi Incorporated
(5384)
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Rating:65Neutral
Price Target:
¥3,499.00
▲(19.87% Upside)
Action:Reiterated
Date:10/16/26
The score is driven primarily by solid underlying financial performance (strong profitability and a historically strong balance sheet), tempered by a major cash-flow red flag (free cash flow turning sharply negative in 2026 with higher debt). Technically, the stock remains in a weak trend (below key moving averages), while valuation is moderately supportive with a reasonable P/E and a ~2.6% dividend yield.
Positive Factors
Recurring consumables model
Because Fujimi sells materials consumed during customers’ manufacturing processes, revenue can recur as production continues rather than relying only on infrequent equipment sales. Ongoing use of qualified polishing products can support durable customer relationships and a more repeatable demand base.
Negative Factors
Negative free cash flow
The sharp 2026 deterioration in free cash flow reduces the certainty that accounting profitability is converting into internally available funds. A prolonged investment or working-capital burden could increase funding needs and limit Fujimi’s flexibility for dividends, growth spending, or balance-sheet improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables model
Because Fujimi sells materials consumed during customers’ manufacturing processes, revenue can recur as production continues rather than relying only on infrequent equipment sales. Ongoing use of qualified polishing products can support durable customer relationships and a more repeatable demand base.
Read all positive factors
Fujimi Incorporated (5384) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥239.02B
Dividend Yield2.69%
Average Volume (3M)383.56K
Price to Earnings (P/E)22.0
Beta (1Y)1.45
Revenue Growth13.05%
EPS Growth14.72%
CountryJP
Employees1,305
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)142.46
Shares Outstanding80,098,500
10 Day Avg. Volume613,840
30 Day Avg. Volume383,560
Financial Highlights & Ratios
PEG Ratio-5.62
Price to Book (P/B)2.37
Price to Sales (P/S)2.87
P/FCF Ratio-22.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)167.42
Revenue Forecast (FY)¥80.97B
Fujimi Incorporated Business Overview & Revenue Model
Company Description
Fujimi Incorporated, established in Kiyosu, Japan, in 1950, specializes in the global production and distribution of high-precision synthetic abrasive materials. With a market presence spanning Japan, Asia, North America, Oceania, and Europe, the ...
How the Company Makes Money
Fujimi makes money primarily by manufacturing and selling consumable precision polishing materials that customers repeatedly purchase as part of ongoing production processes. Its core revenue stream comes from sales of polishing slurries and abras...
Fujimi Incorporated Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.53B | 69.40B | 62.50B | 51.42B | 58.39B | 51.73B |
| Gross Profit | 32.49B | 30.03B | 26.34B | 21.22B | 26.34B | 23.53B |
| EBITDA | 18.23B | 16.27B | 14.27B | 10.78B | 15.24B | 14.05B |
| Net Income | 10.57B | 9.06B | 9.43B | 6.50B | 10.59B | 9.16B |
Balance Sheet | ||||||
| Total Assets | 120.85B | 121.30B | 90.91B | 84.14B | 80.10B | 76.32B |
| Cash, Cash Equivalents and Short-Term Investments | 27.07B | 31.35B | 27.86B | 34.93B | 36.24B | 36.56B |
| Total Debt | 16.96B | 17.23B | 494.00M | 291.00M | 352.00M | 262.00M |
| Total Liabilities | 34.87B | 36.58B | 14.01B | 11.57B | 11.09B | 13.35B |
| Stockholders Equity | 85.13B | 83.87B | 76.12B | 72.58B | 69.01B | 62.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -8.66B | 413.00M | 3.77B | 5.63B | 7.74B |
| Operating Cash Flow | 0.00 | 12.60B | 12.99B | 7.45B | 7.38B | 9.30B |
| Investing Cash Flow | 0.00 | -20.15B | -15.87B | -5.31B | -822.00M | -1.10B |
| Financing Cash Flow | 0.00 | 12.18B | -5.64B | -5.64B | -6.14B | -3.83B |
Fujimi Incorporated Technical Analysis
Negative
2919.00
Price Trends
3450.74
Negative
3796.42
Negative
3373.17
Negative
Market Momentum
-102.17
Positive
39.83
Neutral
30.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5384, the sentiment is Negative. The current price of 2919 is below the 20-day moving average (MA) of 3423.25, below the 50-day MA of 3450.74, and below the 200-day MA of 3373.17, indicating a bearish trend. The MACD of -102.17 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 30.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5384.
Fujimi Incorporated Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥446.33B | 24.79 | ― | 0.82% | 37.81% | 88.83% | |
65 Neutral | ¥239.02B | 22.04 | ― | 2.69% | 13.05% | 14.72% | |
62 Neutral | ¥90.12B | 12.41 | ― | 1.79% | 38.30% | 75.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥154.14B | 22.70 | 9.77% | 0.98% | 29.32% | 14.84% | |
54 Neutral | ¥428.57B | 11.48 | 12.97% | 1.84% | 42.63% | 139.80% | |
53 Neutral | ¥154.97B | 18.02 | ― | 2.12% | 9.77% | -4.59% |
* Technology Sector Average
JP:5384
Fujimi Incorporated
3,140.00
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Fujimi Incorporated Corporate Events
Fujimi Raises Earnings and Dividend Outlook on Strong CMP and Wafer Demand
Oct 9, 2026
Fujimi Incorporated has sharply raised its financial forecasts for fiscal 2027 after reporting stronger-than-expected results for the six months to September 30, 2026, driven by solid demand for CMP materials and silicon wafer products. The compan...
Fujimi Sets Ambitious Six-Year Plan on Back of Semiconductor Boom
Oct 9, 2026
Fujimi Incorporated has outlined a new Medium- to Long-Term Business Plan covering fiscal years 2027 to 2032, reaffirming its mission to advance technology sustainably while shifting from a traditional abrasives maker to a comprehensive Powder Su...
Fujimi to Book ¥2 Billion Dividend From Taiwan Unit With No Consolidated Impact
Aug 5, 2026
Fujimi Incorporated announced it will receive a dividend of 389 million New Taiwan Dollars, roughly 2 billion yen, from its consolidated subsidiary Fujimi Taiwan Limited, with payment scheduled for September 2026 following the subsidiary’s A...
Fujimi Posts Sharp Profit Gain and Confirms Higher Payouts
Aug 5, 2026
Fujimi Incorporated reported strong results for the quarter ended June 30, 2026, with net sales rising 19.1% year-on-year to ¥19.5 billion and profit attributable to owners of parent surging 81% to ¥3.37 billion. Improved profitability l...
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.