TipRanks
Go Ultimate55% OFF

FULUHASHI EPO CORPORATION (9221) AI Stock Analysis

JP:9221

FULUHASHI EPO CORPORATION

(TSE/TYO:9221)

Select Model
Rating:60Neutral
Price Target:JPY 1,246.00â–²(11.65% Upside)
Action:reiterated
Date:08/17/26

The score is driven primarily by fundamentals: steady growth and solid profitability are offset by the main risk of negative free cash flow in the last two years and moderate leverage. Technicals are slightly bearish with the stock below key moving averages, while valuation is reasonable with a moderate P/E and a 2.53% dividend yield.

Positive Factors
Steady Revenue GrowthThe sustained revenue increase indicates consistent demand and execution over several years, providing a durable foundation for scale. Continued sales growth can support operating leverage and help offset periodic earnings volatility.
Negative Factors
Persistent Negative Free Cash FlowFree cash flow below net income indicates that recent growth or working-capital requirements are absorbing substantial cash. If sustained, this could increase reliance on debt or constrain investment, dividends, and financial flexibility.

FULUHASHI EPO CORPORATION (9221) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%JP:9221+2.14%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 12.94B
Dividend Yield
2.78%
Average Volume (3M)
52.05K
Price to Earnings (P/E)
14.7
Beta (1Y)
0.27
Revenue Growth
4.34%
EPS Growth
-4.10%
Country
Japan
Employees
487
Sector
Industrials
Sector Strength
63
Industry
Waste Management

FULUHASHI EPO CORPORATION Business Overview & Revenue Model

Company Description

Fuluhashi EPO Corporation, based in Nagoya, Japan, primarily focuses on the revalorization and processing of timber waste within the country. The company's diverse activities include distributing reclaimed wood chips, recycling construction site by-p...

How the Company Makes Money

null

FULUHASHI EPO CORPORATION Financial Statement Overview

Summary

Income statement strength (74) reflects steady revenue growth and generally solid profitability, but results have shown some year-to-year volatility. Balance sheet is improved but still moderately leveraged (63) with debt rising again in the latest year. The primary drag is cash flow (46): free cash flow turned materially negative in 2025 and remained negative in 2026 despite positive operating cash flow, making cash conversion the key risk.

Income Statement

74Positive

Balance Sheet

63Positive

Cash Flow

46Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue10.01B10.01B9.38B8.75B8.08B7.72B
Gross Profit4.43B4.43B4.30B4.03B3.57B3.39B
EBITDA1.93B1.93B1.76B1.59B1.34B1.25B
Net Income890.70M890.70M1.03B263.26M743.72M569.71M
Balance Sheet
Total Assets13.87B13.87B12.19B11.35B11.33B9.28B
Cash, Cash Equivalents and Short-Term Investments1.12B1.12B1.11B2.43B2.60B653.60M
Total Debt4.93B4.93B3.80B3.40B4.08B5.02B
Total Liabilities7.66B7.66B6.60B6.33B6.28B7.16B
Stockholders Equity6.21B6.21B5.59B5.02B5.05B2.12B
Cash Flow
Free Cash Flow0-520.27M-1.03B1.05B820.21M233.15M
Operating Cash Flow01.50B1.32B1.74B1.28B816.81M
Investing Cash Flow0-1.94B-2.30B-634.61M-444.46M-481.72M
Financing Cash Flow0448.42M-349.99M-1.25B1.11B-379.78M

FULUHASHI EPO CORPORATION Technical Analysis

Technical Analysis SentimentNegative
Last Price1116.00

Price Trends

50DMA1143.50Negative
100DMA1160.08Negative
200DMA1206.92Negative

Market Momentum

MACD-10.02Negative
RSI43.66Neutral
STOCH24.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9221, the sentiment is Negative. The current price of 1116.00 is below the 20-day moving average (MA) of 1121.65, below the 50-day MA of 1143.50, and below the 200-day MA of 1206.92, indicating a bearish trend. The MACD of -10.02 indicates Negative momentum. The RSI at 43.66 is Neutral, neither overbought nor oversold. The STOCH value of 24.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9221.

FULUHASHI EPO CORPORATION Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:9221 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:5698JP:569880OutperformJPY 18.98B7.42―3.96%-9.49%118.07%
JP:9336JP:933676OutperformJPY 399.57B24.13―1.40%13.76%18.44%
JP:9793JP:979372OutperformJPY 161.97B15.7112.40%2.44%3.67%13.39%
JP:9247JP:924770OutperformJPY 87.28B7.50―3.24%-8.78%-28.43%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:9221JP:922160NeutralJPY 13.14B14.73―2.78%4.34%-4.10%
JP:2195JP:219552NeutralJPY 6.33B20.24―1.54%0.03%-16.01%

* Industrials Sector Average

Performance Comparison

0%50%100%JP:9221JP:9793JP:2195JP:5698JP:9247JP:9336Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9221 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9221FULUHASHI EPO CORPORATION1116.0016.571.51%
JP:9793Daiseki Co 3405.00229.707.23%
JP:2195Amita Holdings Co., Ltd.325.0012.413.97%
JP:5698Envipro Holdings, Inc.632.00142.3229.06%
JP:9247TRE HOLDINGS CORPORATION1699.00201.3313.44%
JP:9336Daiei Kankyo Co., Ltd.4000.00619.7318.33%
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 17, 2026