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Fulltech Co. Ltd. (6546) AI Stock Analysis

JP:6546

Fulltech Co. Ltd.

(TSE/TYO:6546)

Select Model
Rating:52Neutral
Price Target:JPY 1,136.00â–¼(-2.91% Downside)
Action:reiterated
Date:08/04/26

The overall score is weighed down by significant fundamental headwinds, primarily a severe deterioration in cash flow, contracting profit margins, and a stretched P/E multiple. While the company boasts a pristine balance sheet with minimal debt and offers a respectable dividend yield, the lack of operational cash generation and uninspiring technical momentum warrant caution.

Positive Factors
Strong revenue accelerationA 32.7% revenue jump in 2025 represents durable top-line momentum that can expand scale, support longer-term investment in product and capacity, and provide a wider base to absorb fixed costs. Sustained revenue growth improves strategic optionality over multiple quarters.
Negative Factors
Negative operating and free cash flowThe shift to negative operating and free cash flow in 2025 signals weak cash conversion of earnings and heightened working-capital strain. Persistently negative cash generation constrains reinvestment, forces reliance on external financing, and elevates execution risk over many quarters.

Fulltech Co. Ltd. (6546) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%JP:6546+0.14%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 6.18B
Dividend Yield
2.74%
Average Volume (3M)
1,211
Price to Earnings (P/E)
91.5
Beta (1Y)
-0.01
Revenue Growth
0.21%
EPS Growth
-82.81%
Country
Japan
Employees
737
Sector
General
Sector Strength
55
Industry
Industrial - Machinery

Fulltech Co. Ltd. Business Overview & Revenue Model

Company Description

Fulltech Co.Ltd., founded in Sapporo, Japan, in 1963, specializes in the manufacturing, sales, construction, and maintenance of diverse hardware and related goods. Their product offerings span automated entry systems, associated accessories, stainles...

Fulltech Co. Ltd. Financial Statement Overview

Summary

Displays a polarized profile with a fortress balance sheet and minimal debt, offset by razor-thin profit margins, an anemic return on equity of 3.5%, and a drastic plunge into severe cash burn in the latest fiscal year.

Income Statement

55Neutral

Balance Sheet

78Positive

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue13.55B13.57B13.81B12.78B11.94B11.51B
Gross Profit4.58B4.72B4.64B4.05B3.57B4.04B
EBITDA477.95M699.84M824.37M621.50M230.74M775.37M
Net Income69.31M250.06M457.90M239.21M94.05M436.61M
Balance Sheet
Total Assets11.04B11.43B12.31B12.08B10.90B11.11B
Cash, Cash Equivalents and Short-Term Investments2.07B1.80B2.84B2.65B1.81B1.86B
Total Debt429.46M823.05M696.84M751.66M92.09M211.31M
Total Liabilities4.19B4.43B5.63B5.68B4.74B4.66B
Stockholders Equity6.85B7.00B6.69B6.41B6.15B6.45B
Cash Flow
Free Cash Flow0-1.00B644.64M387.46M310.57M450.42M
Operating Cash Flow0-872.77M753.16M649.01M376.44M490.10M
Investing Cash Flow0-215.09M-66.83M-318.51M-136.83M-312.15M
Financing Cash Flow0-45.59M-503.30M509.28M-287.79M-212.99M

Fulltech Co. Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price1170.00

Price Trends

50DMA1168.78Positive
100DMA1146.34Positive
200DMA1140.22Positive

Market Momentum

MACD-0.49Positive
RSI50.06Neutral
STOCH20.83Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6546, the sentiment is Positive. The current price of 1170.00 is below the 20-day moving average (MA) of 1170.90, above the 50-day MA of 1168.78, and above the 200-day MA of 1140.22, indicating a neutral trend. The MACD of -0.49 indicates Positive momentum. The RSI at 50.06 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6546.

Fulltech Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:6546 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6360JP:636073OutperformJPY 6.65B14.86―3.37%-5.27%28.28%
JP:6518JP:651870NeutralJPY 8.98B13.21―1.28%15.28%54.38%
JP:6408JP:640866NeutralJPY 6.60B3.63―2.27%-2.81%186.98%
JP:6494JP:649463NeutralJPY 4.68B23.41――155.65%93.06%
JP:6158JP:615856NeutralJPY 6.44B18.82―3.51%-7.61%-20.49%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:6546JP:654652NeutralJPY 6.28B91.48―2.74%0.21%-82.81%

* General Sector Average

Performance Comparison

0%50%100%150%JP:6546JP:6158JP:6360JP:6408JP:6494JP:6518Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6546 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6546Fulltech Co. Ltd.1170.00-8.11-0.69%
JP:6158Waida Mfg. Co., Ltd.998.00155.7018.48%
JP:6360Tokyo Automatic Machinery Works, Ltd.4750.001425.2542.87%
JP:6408Ogura Clutch Co., Ltd.4410.00884.5325.09%
JP:6494NFK Holdings Co.,Ltd96.00-11.00-10.28%
JP:6518Sanso Electric Co., Ltd.1960.00937.5391.69%
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: Aug 04, 2026