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Fuji
(6134)
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Rating:60Neutral
Price Target:
¥6,498.00
▼(-10.68% Downside)
Action:Reiterated
Date:09/09/26
The score is primarily supported by an exceptionally conservative balance sheet (zero debt) and a 2026 revenue rebound. It is held back by weak and volatile cash generation (including negative free cash flow in 2026) and bearish technical signals (price below key moving averages with negative MACD). Valuation is a secondary headwind due to a relatively high P/E and only modest dividend yield.
Positive Factors
Debt-free balance sheet
Zero debt materially reduces financial risk, interest-rate sensitivity, and refinancing pressure. Combined with a large, stable equity base, this gives Fuji greater resilience through industry cycles and preserves flexibility to fund operations or strategic investment.
Negative Factors
Volatile cash generation
The sharp decline in operating cash flow and the shift to negative free cash flow weaken earnings-to-cash conversion. Persistent volatility could constrain internally funded investment and make financial performance less dependable even with a debt-free balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt materially reduces financial risk, interest-rate sensitivity, and refinancing pressure. Combined with a large, stable equity base, this gives Fuji greater resilience through industry cycles and preserves flexibility to fund operations or strategic investment.
Read all positive factors
Fuji (6134) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥644.16B
Dividend Yield2.17%
Average Volume (3M)722.12K
Price to Earnings (P/E)25.6
Beta (1Y)1.72
Revenue Growth44.87%
EPS Growth65.81%
CountryJP
Employees3,132
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)257.92
Shares Outstanding97,823,746
10 Day Avg. Volume855,400
30 Day Avg. Volume722,116
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)1.77
Price to Sales (P/S)2.27
P/FCF Ratio-168.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥10,666.67Price Target Upside46.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)473.05
Revenue Forecast (FY)¥240.54B
Fuji Business Overview & Revenue Model
Company Description
Headquartered in Chiryu, Japan, and founded in 1959, Fuji Corporation is a manufacturer and seller of industrial machinery and machine tools primarily within the Japanese market. Its business activities are structured into two distinct divisions: ...
Fuji Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 199.72B | 180.64B | 127.39B | 127.06B | 153.33B | 148.13B |
| Gross Profit | 77.71B | 66.28B | 46.64B | 46.24B | 60.65B | 58.49B |
| EBITDA | 41.99B | 35.10B | 26.56B | 24.68B | 39.11B | 39.20B |
| Net Income | 22.67B | 15.73B | 10.91B | 10.44B | 20.45B | 21.19B |
Balance Sheet | ||||||
| Total Assets | 291.20B | 278.36B | 244.29B | 250.94B | 254.17B | 243.31B |
| Cash, Cash Equivalents and Short-Term Investments | 64.16B | 54.92B | 59.78B | 64.65B | 64.12B | 67.06B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 48.23B | 45.90B | 25.61B | 22.66B | 29.06B | 34.53B |
| Stockholders Equity | 242.83B | 232.32B | 218.56B | 228.16B | 224.99B | 208.66B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.43B | 8.89B | 15.54B | 2.20B | 5.53B |
| Operating Cash Flow | 0.00 | 9.18B | 23.41B | 30.19B | 12.99B | 15.72B |
| Investing Cash Flow | 0.00 | -6.97B | -11.42B | -12.37B | -5.78B | -11.60B |
| Financing Cash Flow | 0.00 | -9.04B | -16.20B | -17.15B | -7.95B | -6.51B |
Fuji Technical Analysis
Negative
7275.00
Price Trends
7360.71
Negative
7559.18
Negative
6357.68
Negative
Market Momentum
-176.50
Positive
31.50
Neutral
3.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6134, the sentiment is Negative. The current price of 7275 is below the 20-day moving average (MA) of 7607.18, below the 50-day MA of 7360.71, and above the 200-day MA of 6357.68, indicating a bearish trend. The MACD of -176.50 indicates Positive momentum. The RSI at 31.50 is Neutral, neither overbought nor oversold. The STOCH value of 3.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6134.
Fuji Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥397.91B | 15.10 | 10.02% | 6.38% | 15.90% | 104.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥644.16B | 25.64 | 9.78% | 3.19% | 44.87% | 65.81% | |
58 Neutral | ¥503.11B | 25.99 | 7.86% | 1.99% | -7.97% | 70.99% | |
58 Neutral | ¥674.70B | 16.68 | -14.41% | 3.50% | ― | ― | |
57 Neutral | ¥317.65B | 18.75 | ― | 1.01% | 11.01% | 29.70% | |
48 Neutral | ¥506.34B | 173.10 | 3.70% | 0.41% | 11.76% | -21.18% |
* Industrials Sector Average
JP:6134
Fuji
6,189.00
3,373.33
119.81%
JP:6324
Harmonic Drive Systems
4,875.00
1,895.02
63.59%
JP:6135
Makino Milling Machine Co
3,150.00
971.13
44.57%
JP:6268
Nabtesco
4,166.00
444.82
11.95%
JP:6481
THK Co
5,676.00
1,548.51
37.52%
JP:6407
CKD Corporation
4,460.00
1,340.17
42.96%
Fuji Corporate Events
Fuji Corporation Issues Q1 FY2027 Financial Results Materials
Aug 3, 2026
Fuji Corporation has released explanatory materials summarizing its financial results for the first quarter of the fiscal year ending March 2027. The document is aimed at investors and stakeholders on the Tokyo and Nagoya stock exchanges, reflecti...
Fuji Raises Earnings Forecast on Strong AI Server Equipment Demand
Aug 3, 2026
Fuji Corporation has sharply upgraded its earnings outlook for the first half of fiscal 2026, projecting consolidated net sales of ¥127 billion and profit attributable to owners of parent of ¥23.8 billion, both significantly above its Ma...
Fuji Corporation Posts Strong Q1 Rebound and Lifts Full-Year Outlook
Aug 3, 2026
Fuji Corporation reported a sharp rebound in earnings for the quarter ended June 30, 2026, with net sales climbing 45.9% year on year to ¥60.6 billion and operating profit surging 192.6% to ¥15.2 billion. Ordinary profit rose 182.0% to &...
Fuji Completes Disposal of Treasury Shares for Director Stock Compensation
Jul 24, 2026
Fuji Corporation has completed the payment procedures for the disposal of 6,143 treasury shares as part of a transfer-restricted stock compensation plan for its directors. The move follows a June 26, 2026 board resolution, with the shares priced a...
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.