We initiate coverage on Japanese cable manufacturer Fujikura. It is a top-tier fiber-optic cable and connectivity supplier to hyperscalers, and it also operates a smaller wire-harness business. It will spend JPY 530 billion in capex from fiscal 2026-28, up from JPY 100 billion in the prior period.
US capacity advantage, formal government framework agreement and proprietary cable designs underpin U.S AI data center buildout and demand visibility.
Heavy reliance on a single cyclical driver (hyperscaler/AI data center capex) leaves earnings vulnerable to any slowdown or pause in AI infrastructure investment, amplified by high operating leverage.
|
Metric
|
5803
|
PRY
|
5801
|
|---|---|---|---|
Price/Earnings (Normalized) | 59.03 | 41.05 | 211.50 |
Price/Book Value | 15.86 | 5.14 | 6.62 |
Price/Sales | 7.52 | 1.71 | 2.22 |
Price/Cash Flow | 48.42 | 19.89 | 39.99 |
|
Metric
|
5803
|
PRY
|
5801
|
|---|---|---|---|
Quick Ratio | 1.56 | 0.77 | 0.79 |
Current Ratio | 2.37 | 1.25 | 1.39 |
Interest Coverage | 99.00 | 9.77 | 12.54 |
|
Metric
|
5803
|
PRY
|
5801
|
|---|---|---|---|
Return on Assets (Normalized) | 22.55% | 7.28% | — |
Return on Equity (Normalized) | 41.75% | 22.99% | — |
Return on Invested Capital (Normalized) | 30.98% | 13.61% | — |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States