8278

FUJI CO., LTD.

株式会社フジ

Retail Trade

Price

¥1,999

Market Cap

¥173.6B

Ent. Value

¥173.2B

Net Cash

¥372M

Shares Out.

86.8M

P / E

21.2×

EV / EBIT

15.4×

P / Book

0.76×

P / NCAV

N/M

Div. Yield

1.50%

Financials

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥784.3B	¥778.2B	¥771.1B	¥755.4B	¥304.8B
Cost of Sales	¥564.5B	¥559.4B	¥564.0B	¥553.7B	¥230.7B
Gross Profit	¥219.8B	¥218.8B	¥207.2B	¥201.6B	¥74.1B
SG&A	¥238.5B	¥236.6B	¥221.9B	¥219.9B	¥82.8B
Operating Income	¥11.2B	¥13.0B	¥15.1B	¥11.3B	¥7.4B
Non-Operating Income	¥2.1B	¥2.2B	¥3.0B	¥2.8B	¥3.3B
Dividend Income	¥393M	¥388M	¥348M	¥340M	¥258M
Interest Income	¥64M	¥54M	¥49M	¥65M	¥74M
Non-Operating Expenses	¥796M	¥817M	¥761M	¥712M	¥731M
Interest Expense	¥452M	¥459M	¥442M	¥455M	¥252M
Ordinary Income	¥12.5B	¥14.3B	¥17.4B	¥13.4B	¥9.9B
Pre-tax Income	¥8.2B	¥7.5B	¥11.3B	¥12.8B	¥6.2B
Income Taxes	¥-28M	¥3.6B	¥3.9B	¥3.8B	¥2.3B
Current Tax	¥2.6B	¥2.7B	¥4.7B	¥5.4B	¥2.5B
Deferred Tax	¥-2.7B	¥903M	¥-890M	¥-1.6B	¥-205M
Net Income (owners)	¥8.2B	¥3.8B	¥7.4B	¥9.0B	¥3.9B
Minority Interest	¥3M	¥13M	¥14M	¥13M	¥6M
Comprehensive Income	¥11.8B	¥4.5B	¥9.4B	¥7.2B	¥2.5B
EBITDA	¥28.8B	¥29.9B	¥33.3B	¥29.4B	¥14.2B
Goodwill Amort. (J-GAAP)	¥1.3B	¥1.3B	¥1.3B	¥1.3B	¥50M
EPS	¥94.36	¥44.06	¥85.80	¥104.22	¥103.19
Shares Outstanding	86.8M	86.8M	86.8M	86.8M	38.3M
Shares Issued (total)	86.9M	86.9M	86.9M	86.9M	38.3M
Treasury Shares	0.0M	0.0M	0.0M	0.0M	0.0M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥415.2B	¥411.8B	¥427.7B	¥431.3B	¥175.0B
Current Assets	¥99.2B	¥78.7B	¥92.1B	¥89.9B	¥28.4B
Cash & Deposits	¥38.9B	¥26.3B	¥37.2B	¥31.8B	¥12.5B
Trade Receivables	¥9.9B	¥9.0B	—	¥9.2B	—
Inventories	¥35.0B	¥33.7B	¥33.0B	¥32.1B	¥9.3B
Non-Current Assets	¥316.0B	¥333.1B	¥335.6B	¥341.4B	¥146.5B
PP&E	¥232.2B	¥243.2B	¥244.0B	¥251.2B	¥101.5B
Goodwill	¥21.6B	¥22.9B	¥24.3B	¥25.6B	—
Intangible Assets	¥23.8B	¥25.2B	¥26.3B	¥27.8B	¥6.8B
Investment Securities	¥15.8B	¥24.5B	¥24.1B	¥22.0B	¥20.3B
Deferred Tax Assets	¥14.5B	¥13.4B	¥14.5B	¥14.2B	¥2.0B
Total Liabilities	¥188.0B	¥193.8B	¥211.6B	¥221.9B	¥79.6B
Current Liabilities	¥133.8B	¥121.3B	¥132.1B	¥134.2B	¥39.9B
Accounts Payable	—	¥52.6B	¥57.3B	¥56.0B	¥17.6B
ST Debt	¥18.5B	¥25.7B	¥29.8B	¥30.1B	¥7.5B
Taxes Payable	¥2.0B	¥2.2B	¥1.7B	¥4.5B	¥1.1B
Non-Current Liabilities	¥54.2B	¥72.4B	¥79.5B	¥87.7B	¥39.7B
Total LT Borrowings	¥20.1B	¥38.6B	¥45.3B	¥52.3B	¥17.4B
Pension Obligations	¥1.6B	¥1.9B	¥1.9B	¥2.1B	¥1.8B
Deferred Tax Liab.	¥161M	¥80M	¥185M	¥38M	¥50M
Total Equity	¥227.2B	¥218.0B	¥216.1B	¥209.4B	¥95.3B
Capital Stock	¥22.0B	¥22.0B	¥22.0B	¥22.0B	¥19.4B
Capital Surplus	¥142.0B	¥142.0B	¥142.0B	¥142.0B	¥19.7B
Retained Earnings	¥53.0B	¥47.4B	¥46.2B	¥41.4B	¥55.5B
Treasury Stock	¥-431M	¥-429M	¥-418M	¥-376M	¥-373M
AOCI	¥10.4B	¥6.7B	¥6.0B	¥4.1B	¥859M
Equity (owners)	¥216.6B	¥211.0B	¥209.8B	¥205.0B	¥94.2B
Minority Interests	¥274M	¥272M	¥260M	¥247M	¥235M

Total Interest-Bearing Debt ⓘ	¥38.6B	¥64.3B	¥75.2B	¥82.3B	¥25.0B
Net Cash ⓘ	¥372M	¥-38.0B	¥-38.0B	¥-50.5B	¥-12.5B
NCAV ⓘ	¥-88.8B	¥-115.0B	¥-119.5B	¥-132.0B	¥-51.2B
NCAV/Share	¥-1,022	¥-1,325	¥-1,376	¥-1,520	¥-1,338
BV/Share	¥2,494	¥2,430	¥2,416	¥2,361	¥2,463

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥37.7B	¥16.7B	¥30.6B	¥24.2B	¥8.6B
Interest Paid	¥-443M	¥-455M	¥-442M	¥-453M	¥-251M
Interest Received	¥727M	¥930M	¥975M	¥822M	¥837M
D&A	¥16.3B	¥15.6B	¥16.8B	¥16.8B	¥6.8B
Goodwill Amort.	¥1.3B	¥1.3B	¥1.3B	¥1.3B	¥50M
Investing CF	¥3.9B	¥-13.0B	¥-14.6B	¥-14.5B	¥-6.5B
Purchase Investments	¥-2M	¥-3M	¥-2M	¥-1M	¥-1M
Proceeds from Invest.	¥21.9B	¥511M	¥188M	¥5.5B	¥66M
Financing CF	¥-29.0B	¥-14.7B	¥-10.6B	¥-5.4B	¥-2.7B
Dividends Paid	¥-2.6B	¥-2.6B	¥-2.6B	¥-3.7B	¥-861M
Share Buybacks	¥-1M	¥-147M	¥-41M	¥-3M	¥-124M
LT Debt Repaid	¥-21.8B	¥-26.1B	¥-27.7B	¥-28.3B	¥-7.6B
Free Cash Flow	¥37.7B	¥16.7B	¥30.6B	¥24.2B	¥8.6B
Net Change in Cash	¥12.7B	¥-10.9B	¥5.4B	¥4.2B	¥-559M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	3.7%	1.8%	3.5%	5.9%	4.2%
ROA	2.0%	0.9%	1.7%	3.0%	2.3%
EPS	¥94.36	¥44.06	¥85.80	¥104.22	¥103.19
DPS	¥30.00	¥30.00	¥30.00	¥30.00	¥25.00
BPS	¥2,619.30	¥2,513.14	¥2,490.63	¥2,412.73	¥2,494.86
FCF/Share	¥435	¥193	¥352	¥278	¥226
NCAV/Share	¥-1,022	¥-1,325	¥-1,376	¥-1,520	¥-1,338
Payout Ratio	31.8%	68.1%	35.0%	28.8%	24.2%

No filings or capital allocation signals recorded for this company.

#	Shareholder	Shares (thou.)	% of Total
1	イオン株式会社	43,992	50.60%
2	株式会社アスティ	3,467	3.90%
3	The Master Trust Bank of Japan, Ltd. (Trust Account) 日本マスタートラスト信託銀行株式会社(信託口)	2,679	3.00%
4	フジ共栄会	2,536	2.90%
5	フジ親栄会	1,660	1.90%
6	フジ社員持株会	1,296	1.40%
7	株式会社伊予銀行	1,166	1.30%
8	株式会社広島銀行	1,165	1.30%
9	株式会社愛媛銀行	1,165	1.30%
10	Custody Bank of Japan, Ltd. (Trust Account) 株式会社日本カストディ銀行(信託口)	734	0.80%

as of 2026-02-28 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

3.8%

-1.0% vs 2025

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

0.0%

+0.0% vs 2025

Sub-custodians for foreign asset managers

Direct / Strategic

64.6%

-0.1% vs 2025

Named entities with disclosed investment intent

Shareholder	Trend	2024	2025	2026
イオン		50.60%	50.60%	50.60%
式会社アスティ		4.60%	4.10%	3.90% -0.20%
日本マスタートラスト信託銀行		3.10%	3.90%	3.00% -0.90%
フジ共栄会		2.90%	2.80%	2.90% +0.10%
フジ親栄会		1.90%	1.90%	1.90%
フジ社員持株会		—	1.40%	1.40%
式会社愛媛銀行		1.30%	1.30%	1.30%
式会社伊予銀行		1.30%	1.30%	1.30%
式会社広島銀行		1.30%	1.30%	1.30%
日本カストディ銀行		1.90%	0.90%	0.80% -0.10%
Concentration (HHI) ⓘ		2612	2612	2604

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥15,402M +174% since 2024

Holdings 33 +14 new 7 exited

Trend 4 building vs 2024

Held Company	FY2026 ¥15,402M total		FY2024 ¥5,631M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
AEON Financial Service Co.,Ltd. イオンフィナンシャルサービス㈱	4,671	NEW New 2,646,705	—		M
MIURA CO.,LTD. 三浦工業㈱	2,767	858,000	2,737	858,000	M
Iyogin Holdings,Inc. ㈱いよぎんホールディングス	2,397	NEW New 706,496	—		M
Hirogin Holdings, Inc. ㈱ひろぎんホールディングス	1,216	NEW New 628,019	—		M
MINISTOP CO., LTD. ミニストップ㈱	744	NEW New 392,753	—
Aeon Hokkaido Corporation イオン北海道㈱	516	NEW New 566,400	—		M
The Ehime Bank, Ltd. ㈱愛媛銀行	491	+8.3% ↑ 259,841	268	239,841	M
TOMONY Holdings,Inc. トモニホールディングス㈱	480	+687.6% ↑ 488,342	25	62,000	M
ミズノ㈱	413	NEW New 101,640	—
AEON Fantasy Co.,LTD. ㈱イオンファンタジー	302	NEW New 114,998	—
㈱Olimpicグループ	295	NEW New 646,900	—
Yamaguchi Finacial Group,Inc. ㈱山口フィナンシャルグループ	236	86,047	130	86,047	M
WACOAL HOLDINGS CORP. ㈱ワコールホールディングス	206	45,500	166	45,500	M
COX CO.,LTD. ㈱コックス	133	NEW New 535,355	—
GFOOT CO.,LTD. ㈱ジーフット	105	NEW New 375,000	—
The Awa Bank,Ltd. ㈱阿波銀行	100	16,800	45	16,800	M
The Hyakujushi Bank,Ltd. ㈱百十四銀行	73	7,500	21	7,500	M
Kato Sangyo Co., Ltd. 加藤産業㈱	68	+100.0% ↑ 10,000	24	5,000	M
DCMJapanホールディングス株式会社	55	NEW New 32,340	—
The Shikoku Bank, Ltd. ㈱四国銀行	47	19,300	21	19,300	M
FUKUTOME MEAT PACKERS, LTD. 福留ハム㈱	39	63,200	96	63,200	M
THE PACK CORPORATION ザ・パック㈱	22	+200.0% ↑ 16,500	19	5,500	M
OKAMURA CORPORATION ㈱オカムラ	13	5,000	10	5,000	M
Seven & i Holdings Co., Ltd. ㈱セブン＆アイ・ホールディングス	5	NEW New 2,640	—
エイチ・ツー・オーリテイリング㈱	5	NEW New 2,115	—
TOSHIBA TEC CORPORATION 東芝テック㈱	1	419	1	419	M
TSUKAMOTO CORPORATION CO., LTD. ㈱ツカモトコーポレーション	1	1,000	1	1,000	M
TENMAYA STORE CO.,LTD. ㈱天満屋ストア	1	NEW New 1,100	—		M
Maruyoshi Center Inc. ㈱マルヨシセンター	—		—
AEON KYUSHU CO., LTD. イオン九州㈱	—		—		M
AEON DELIGHT CO., LTD. イオンディライト㈱	—		—		M
Sumitomo Mitsui Financial Group, Inc. ㈱三井住友フィナンシャルグループ	—		—
Daishowa Paper Manufacturing Co., Ltd. 大王製紙㈱	—		—
House Foods Group Headquarters Co., Ltd. ハウス食品グループ本社㈱	—	−100% Exit —	12	4,093
㈱伊予銀行	—	−100% Exit —	793	706,496	M
㈱広島銀行	—	−100% Exit —	671	628,019	M
コカ・コーラボトラーズジャパン㈱	—	−100% Exit —	301	152,053	M
Mizuno Corporation 美津濃㈱	—	−100% Exit —	178	33,880	M
三井住友トラスト・ホールディングス㈱	—	−100% Exit —	104	34,284	M
TOYO SECURITIES CO., LTD. 東洋証券㈱	—	−100% Exit —	8	22,000	M
Portfolio total	15,402		5,631

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding