Fuji Corporation Just Missed Revenue By 11%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Fuji Corporation (TSE:6134) released its quarterly result to the market. The early response was not positive, with shares down 7.9% to JP¥2,168 in the past week. Revenues were JP¥31b, 11% below analyst expectations, although losses didn't appear to worsen significantly, with a statutory per-share loss of JP¥111 being in line with what the analysts anticipated. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Fuji

Following the latest results, Fuji's five analysts are now forecasting revenues of JP¥143.4b in 2026. This would be a meaningful 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 41% to JP¥167. Before this earnings report, the analysts had been forecasting revenues of JP¥145.2b and earnings per share (EPS) of JP¥177 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at JP¥2,646, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Fuji, with the most bullish analyst valuing it at JP¥2,800 and the most bearish at JP¥2,500 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that Fuji's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 12% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 1.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 4.7% annually. So it looks like Fuji is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Fuji. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Fuji. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Fuji going out to 2027, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 1 warning sign for Fuji that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.