Earnings Beat: Fujimi Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

A week ago, Fujimi Incorporated (TSE:5384) came out with a strong set of half-yearly numbers that could potentially lead to a re-rate of the stock. Fujimi beat earnings, with revenues hitting JP¥33b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 14%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Fujimi after the latest results.

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After the latest results, the seven analysts covering Fujimi are now predicting revenues of JP¥68.7b in 2026. If met, this would reflect a modest 5.2% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be JP¥132, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of JP¥67.3b and earnings per share (EPS) of JP¥131 in 2026. There doesn't appear to have been a major change in sentiment following the results, other than the small lift in revenue estimates.

View our latest analysis for Fujimi

It may not be a surprise to see thatthe analysts have reconfirmed their price target of JP¥2,633, implying that the uplift in revenue is not expected to greatly contribute to Fujimi's valuation in the near term. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Fujimi analyst has a price target of JP¥3,000 per share, while the most pessimistic values it at JP¥2,160. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Fujimi's growth to accelerate, with the forecast 11% annualised growth to the end of 2026 ranking favourably alongside historical growth of 7.8% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Fujimi is expected to grow much faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at JP¥2,633, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Fujimi analysts - going out to 2028, and you can see them free on our platform here.

You still need to take note of risks, for example - Fujimi has 1 warning sign we think you should be aware 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.