Financials Fujibo Holdings, Inc.

Equities

3104

JP3820800005

Textiles & Leather Goods

Delayed Japan Exchange Other stock markets 10:00:13 2024-07-07 pm EDT			5-day change	1st Jan Change
4,745 ^JPY	-0.73%		-3.36%	+26.36%

May. 15	Fujibo Holdings, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2024 and Fiscal Year Ending March 31, 2025	CI
May. 15	Fujibo Holdings, Inc. Provides Dividend Guidance for the End of Second Quarter and Full Year Ending March 31, 2025	CI

Valuation

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	33,014	45,816	39,650	37,900	50,828	54,199	-	-
Enterprise Value (EV) ¹	29,609	42,664	32,872	31,272	43,999	47,018	45,179	54,199
P/E ratio	14.5 x	10.6 x	8.9 x	11.1 x	24.1 x	14.7 x	12 x	10.4 x
Yield	3.47%	2.63%	3.18%	3.33%	2.46%	2.41%	2.41%	2.51%
Capitalization / Revenue	0.85 x	1.24 x	1.1 x	1.01 x	1.41 x	1.32 x	1.22 x	1.11 x
EV / Revenue	0.77 x	1.16 x	0.92 x	0.83 x	1.22 x	1.15 x	1.02 x	1.11 x
EV / EBITDA	-	-	-	-	7.16 x	5.8 x	4.61 x	-
EV / FCF	9.62 x	350 x	4.48 x	-	25.2 x	-41.1 x	10.4 x	14.9 x
FCF Yield	10.4%	0.29%	22.3%	-	3.97%	-2.44%	9.63%	6.7%
Price to Book	0.98 x	1.23 x	0.98 x	0.88 x	1.15 x	1.19 x	1.11 x	-
Nbr of stocks (in thousands)	11,447	11,454	11,460	11,467	11,384	11,339	-	-
Reference price ²	2,884	4,000	3,460	3,305	4,465	4,780	4,780	4,780
Announcement Date	5/13/20	5/14/21	5/13/22	5/12/23	5/15/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	38,701	36,932	35,916	37,669	36,108	40,950	44,250	49,000
EBITDA ¹	-	-	-	-	6,147	8,100	9,800	-
EBIT ¹	4,079	5,285	5,877	4,872	2,818	5,000	6,250	7,200
Operating Margin	10.54%	14.31%	16.36%	12.93%	7.8%	12.21%	14.12%	14.69%
Earnings before Tax (EBT) ¹	3,551	5,834	5,917	4,957	3,251	5,900	6,800	7,400
Net income ¹	2,269	4,315	4,455	3,399	2,117	3,695	4,550	5,200
Net margin	5.86%	11.68%	12.4%	9.02%	5.86%	9.02%	10.28%	10.61%
EPS ²	198.3	376.8	388.9	296.5	185.2	324.3	399.2	458.6
Free Cash Flow ¹	3,077	122	7,338	-	1,748	-1,145	4,350	3,630
FCF margin	7.95%	0.33%	20.43%	-	4.84%	-2.8%	9.83%	7.41%
FCF Conversion (EBITDA)	-	-	-	-	28.44%	-	44.39%	-
FCF Conversion (Net income)	135.61%	2.83%	164.71%	-	82.57%	-	95.6%	69.81%
Dividend per Share ²	100.0	105.0	110.0	110.0	110.0	115.0	115.0	120.0
Announcement Date	5/13/20	5/14/21	5/13/22	5/12/23	5/15/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo	2020 S2	2021 S1	2021 S2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 S1	2025 Q3	2025 Q4	2025 S2
Net sales ¹	19,035	17,814	19,118	17,609	9,312	8,995	18,307	9,635	9,974	19,609	9,380	8,680	18,060	8,511	8,587	17,098	9,609	9,401	19,010	10,000	10,300	20,300	11,400	11,300	22,700
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,933	2,883	2,402	3,145	1,553	1,179	2,732	1,661	1,682	3,343	1,102	427	1,529	449	468	917	1,084	817	1,901	1,040	1,160	2,200	1,550	1,850	3,400
Operating Margin	10.15%	16.18%	12.56%	17.86%	16.68%	13.11%	14.92%	17.24%	16.86%	17.05%	11.75%	4.92%	8.47%	5.28%	5.45%	5.36%	11.28%	8.69%	10%	10.4%	11.26%	10.84%	13.6%	16.37%	14.98%
Earnings before Tax (EBT) ¹	1,489	2,911	2,923	3,170	1,577	-	-	1,688	1,679	3,367	1,128	462	1,590	859	505	1,364	1,120	767	1,887	1,100	1,200	2,300	1,650	1,950	3,600
Net income ¹	931	2,036	2,279	2,255	1,122	1,078	2,200	1,174	1,133	2,307	770	322	1,092	574	322	896	757	-	-	770	830	1,600	1,120	1,380	2,500
Net margin	4.89%	11.43%	11.92%	12.81%	12.05%	11.98%	12.02%	12.18%	11.36%	11.77%	8.21%	3.71%	6.05%	6.74%	3.75%	5.24%	7.88%	-	-	7.7%	8.06%	7.88%	9.82%	12.21%	11.01%
EPS	-	177.9	-	196.9	97.93	-	-	102.5	-	201.3	67.17	-	-	50.06	28.14	78.20	66.04	-	-	-	-	-	-	-	-
Dividend per Share	-	50.00	-	55.00	-	-	-	-	-	55.00	-	-	-	-	-	55.00	-	-	-	-	-	-	-	-	-
Announcement Date	5/13/20	10/30/20	5/14/21	10/29/21	1/28/22	5/13/22	5/13/22	7/29/22	10/28/22	10/28/22	1/31/23	5/12/23	5/12/23	7/28/23	10/31/23	10/31/23	1/31/24	5/15/24	5/15/24	-	-	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	3,405	3,152	6,778	6,628	6,829	7,181	9,020	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	3,077	122	7,338	-	1,748	-1,145	4,350	3,630
ROE (net income / shareholders' equity)	6.8%	12.1%	11.5%	8.2%	4.9%	8.12%	9.3%	-
ROA (Net income/ Total Assets)	8.29%	10.1%	10.6%	8.41%	5.29%	-	-	-
Assets ¹	27,377	42,747	42,125	40,422	40,027	-	-	-
Book Value Per Share ²	2,956	3,255	3,534	3,743	3,878	4,033	4,298	-
Cash Flow per Share	401.0	599.0	683.0	572.0	476.0	-	-	-
Capex ¹	3,471	6,670	1,769	4,047	3,239	6,200	2,600	4,600
Capex / Sales	8.97%	18.06%	4.93%	10.74%	8.97%	15.14%	5.88%	9.39%
Announcement Date	5/13/20	5/14/21	5/13/22	5/12/23	5/15/24	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Fujibo Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4,780 JPY

Average target price

5,950 JPY

Spread / Average Target

+24.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Textiles & Leather Goods

	1st Jan change	Capi.
FUJIBO HOLDINGS, INC.	+26.36%	337M
SASA POLYESTER SANAYI	+20.75%	7.17B
K.P.R. MILL LIMITED	+7.58%	3.63B
RAYMOND LIMITED	+87.42%	2.58B
SWAN ENERGY LIMITED	+28.99%	2.47B
RUENTEX INDUSTRIES LTD.	+10.26%	2.33B
TRIDENT LIMITED	+5.21%	2.29B
WELSPUN LIVING LIMITED	+4.20%	1.76B
COATS GROUP PLC	+7.62%	1.7B
ALOK INDUSTRIES LIMITED	+32.46%	1.68B

Other Textiles & Leather Goods