Overview
Other Products

FUJICOPIAN CO.,LTD.

Fujicopian is a manufacturer and distributor of printing and recording media, office consumables, and plastic molded products, operating through its parent company and three consolidated subsidiaries. Core products include thermal transfer ribbons, thermal carbon copies, impact ribbons (fabric and film), correction tape, tape glue, and the proprietary functional film 'FIXFILM,' which is sold into display and electronics markets. The company leverages its proprietary coating and film technologies, originally developed through carbon paper manufacturing, to expand into market-creating functional material products.

Market Cap
¥3.49B
US$22.2M
EV
¥1.57B
US$10.0M
Stock¥2,253▲+1.26%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.1
x
LTM EV/EBIT
9.9
x
LTM PER
NM
LTM PBR
0.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+26.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 12, 26Dividend forecast raised from ¥118 to ¥170 per share
2Sep 29, 26Announced large-scale exercise of moving-strike warrants (2nd series), dilution concern drove decline
MC → EV Bridge
3.49BUS$22.2MMarket Cap2.32BUS$14.8M+ Debt3.93BUS$25.1M− Cash0.31BUS$1.97M− Inv. Sec.1.57BUS$10.0MEV
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Performance & Balance
Revenue 5Y (¥B)
8.60US$54.8M'21/129.85US$62.8M'22/128.23US$52.5M'23/128.98US$57.3M'24/128.48US$54.0M'25/12
EBITDA 5Y (¥B)
0.89US$5.70M'21/121.09US$6.98M'22/12-0.14-US$0.87M'23/120.64US$4.07M'24/120.44US$2.78M'25/12
Net Income 5Y (¥B)
0.37US$2.35M'21/120.49US$3.12M'22/12-0.86-US$5.46M'23/120.40US$2.53M'24/12-2.70-US$17.2M'25/12
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.54US$35.3M2.71US$17.3M'21/125.46US$34.8M2.91US$18.6M'22/124.66US$29.8M2.82US$18.0M'23/124.12US$26.3M2.48US$15.8M'24/124.06US$25.9M2.72US$17.4M'25/12
Shareholders
Top 10 hold 53.3%
1
Suzuka Co., Ltd.
16.69%
2
The Toa Reinsurance Company, Limited
7.06%
3
Tokio Marine & Nichido Fire Insurance Co., Ltd.
6.83%
4
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.94%
5
O.G. Co., Ltd.
4.31%
6
Kotaro AKAGI
3.43%
7
Kantaro AKAGI
3.22%
8
Taro OTA
2.35%
9
Sadao MAEKAWA
2.35%
10
FUJICOPIAN CO.,LTD. Employee Stock Ownership Association
2.10%
Management
7 officers
Toshiki SASAKI
Representative Director, President
Nov 1983 Joined the Company Jul 2009 Deputy General Manager, Manufacturing Department, Production Management Division, and Deputy General Manager, Okayama Plant Dec 2009 General Manager, Manufacturing Department, Production Management Division, and General Manager, Okayama Plant Dec 2011 General Manager, Sales Planning Department Dec 2012 General Manager, Development Department Dec 2013 Executive Officer, General Manager, Development Department, and General Manager, Management Planning Office Jul 2014 Executive Officer, General Manager, Development Department, and General Manager, SI Project Office Aug 2015 Executive Officer, General Manager, Market Development Department, and General Manager, SI Project Office Dec 2020 Executive Officer, General Manager, First Sales Department, Sales Management Division Mar 2023 Executive Officer; seconded to FC Vietnam Corporation (Chairman and President) Apr 2023 Senior Executive Officer; seconded to FC Vietnam Corporation (Chairman and President) Feb 2025 Managing Executive Officer, in charge of special assignments; Chairman of the Board, FC Vietnam Corporation Mar 2025 Representative Director, President (current) Chairman of the Board, Fuji Kako Co., Ltd. (current) Chairman of the Board, Fuji Copian (HK) Limited (current)
1962-01-01
Masataka UEDA
Representative Director, Senior Managing Director; in charge of special assignments, Accounting Department, Management Planning Office and SI Project Office
Apr 1986 Joined Dai-Ichi Kangyo Bank (now Mizuho Bank, Ltd.) Mar 1996 Attached to Personnel Department of the bank; seconded to Keio Business School (domestic study program) Jul 2001 Planning and Research Officer, Business Planning Office; Planning and Research Officer attached to Personnel Office Apr 2002 Senior Planning Officer, Business Planning Department, Mizuho Bank, Ltd. Feb 2007 General Manager, Operations Risk Management Office, Operations Management Department, Mizuho Bank Jun 2011 Deputy General Manager, Business Audit Department, Mizuho Bank May 2014 Seconded to the Company as Adviser Jul 2014 Seconded to the Company as General Manager, Administration Department Mar 2015 Joined the Company; Executive Officer, General Manager, Administration Department Mar 2016 Director, Senior Executive Officer, General Manager, Administration Department Dec 2016 In charge of SI Project Office (current) Mar 2018 Managing Director, Managing Executive Officer Mar 2022 Senior Managing Director, Senior Managing Executive Officer Aug 2022 In charge of Administration Department Apr 2024 In charge of Accounting Department (current) Dec 2024 In charge of Management Planning Office (current) Mar 2025 Representative Director, Senior Managing Director (current) Mar 2026 In charge of special assignments (current)
1962-07-25
Kotaro AKAGI
Director, Senior Executive Officer, General Manager, Audit Office
Apr 1991 Joined the Company Dec 2001 Deputy General Manager, Administration Department Dec 2002 General Manager, President's Office Mar 2003 Director Dec 2003 General Manager, Production Management Division Mar 2004 Managing Executive Officer, in charge of Production Management Division Dec 2005 In charge of Management Planning Department Jul 2009 General Manager, Environment and Quality Control Office Feb 2010 Managing Director, in charge of Sales Division Sep 2010 In charge of Sales Division and General Manager, Tokyo Branch Sep 2010 Director and President, Fuji Copian (UK) Limited Sep 2010 Director and President, Fuji Copian (HK) Limited Jun 2011 In charge of Planning Office Dec 2012 In charge of Management Planning Office Mar 2014 Director, Senior Executive Officer (current) Jul 2014 In charge of Management Planning Office and General Manager, Management Planning Office Aug 2015 General Manager, Management Planning Office Jun 2018 General Manager, Management Planning Office and General Manager, Environment and Quality Control Office Jul 2023 General Manager, Management Planning Office and in charge of Environment and Quality Control Office Dec 2024 General Manager, President's Office Dec 2025 General Manager, Audit Office (current)
1965-09-03
Yoshihide KINJO
Director, Senior Executive Officer, General Manager, Sales Division
Apr 1990 Joined the Company Dec 2012 General Manager, Production Technology Department, Production Management Division Jul 2013 General Manager, Production Management Division, General Manager, Production Technology Department, and General Manager, Purchasing Department Dec 2013 Executive Officer, General Manager, Production Management Division, General Manager, Production Technology Department, and General Manager, Purchasing Department Nov 2017 Executive Officer, General Manager, Development Department Jul 2021 Executive Officer, General Manager, Production Management Division, General Manager, Production Planning Office, General Manager, Production Control Department, and General Manager, Production Technology Department Dec 2021 Senior Executive Officer, General Manager, Production Management Division, General Manager, Production Planning Office, General Manager, Production Control Department, and General Manager, Production Technology Department Dec 2023 Senior Executive Officer, General Manager, Production Management Division Mar 2024 Director, Senior Executive Officer (current); in charge of Production Management Division and Development Department Dec 2024 Deputy General Manager, Sales Division Mar 2025 General Manager, Sales Division and General Manager, Tokyo Branch Mar 2026 General Manager, Sales Division (current)
1965-08-19
Seiji SAKAE
Director (Full-time Audit and Supervisory Committee Member)
Mar 1984 Joined the Company Dec 2012 General Manager, Administration Department Apr 2019 Deputy General Manager, SI Project Office Mar 2024 Director (Full-time Audit and Supervisory Committee Member) (current)
1965-07-15
Makoto OKADA
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Tokio Marine Fire Insurance Co., Ltd. (now Tokio Marine & Nichido Fire Insurance Co., Ltd.) Jul 2008 General Manager, Kansai Sales Division No.1, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jul 2011 Managing Officer, General Manager, Kansai Sales Division No.1, Tokio Marine & Nichido Fire Insurance Co., Ltd. Aug 2011 Managing Officer, General Manager, Business Planning Department, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2013 Executive Officer, General Manager, Business Planning Department, Tokio Marine & Nichido Fire Insurance Co., Ltd. Apr 2014 Managing Executive Officer, General Manager, Business Planning Department and Marketing Office, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2014 Managing Executive Officer, Tokio Marine Holdings, Inc. Apr 2018 Senior Managing Executive Officer, Tokio Marine Holdings, Inc.; Senior Managing Director (Representative Director), General Manager, Business Planning Department, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2018 Senior Managing Director, Tokio Marine Holdings, Inc.; Senior Managing Director (Representative Director), General Manager, Business Planning Department, Tokio Marine & Nichido Fire Insurance Co., Ltd. Apr 2019 Deputy President, Director, Tokio Marine Holdings, Inc.; Deputy President, Director (Representative Director), Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2020 Deputy President Executive Officer, Tokio Marine Holdings, Inc.; Deputy President Executive Officer, Tokio Marine & Nichido Fire Insurance Co., Ltd. Apr 2021 Senior Adviser, Tokio Marine Holdings, Inc. (current) Mar 2024 Director (Audit and Supervisory Committee Member) of the Company (current) Apr 2025 Chairman, Gyokichi Gakuen Educational Corporation (current)
1960-03-06
Kiichiro OYAMA
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined The Hyakujushi Bank, Ltd. Jul 2007 Deputy General Manager, Tokyo Branch Jul 2008 Deputy General Manager, Head Office Sales Department Apr 2011 General Manager, Hiroshima Branch Apr 2013 Deputy General Manager, Sales Management Division Apr 2014 Executive Officer, General Manager, Okayama Branch Apr 2017 Managing Executive Officer Jun 2017 Director, Managing Executive Officer Apr 2021 Representative Director, Senior Managing Executive Officer Apr 2025 Director Jun 2025 Representative Director, President, Shikoku Kogyo Co., Ltd. (current)
1959-06-25
Large Shareholding Reports
Mita Securities Co., Ltd.
2026-10-22
8.57%→0.00%
Mita Securities Co., Ltd.
2026-10-08
10.23%→8.57%
Mita Securities Co., Ltd.
2026-10-06
11.62%→10.23%
Mita Securities Co., Ltd.
2026-10-05
12.77%→11.62%
Mizuho Bank, Ltd.
2026-09-07
4.26%→4.26%
Mita Securities Co., Ltd.
2026-09-01
13.83%→12.77%
Mita Securities Co., Ltd.
2026-08-20
16.49%→13.83%
Mita Securities Co., Ltd.
2026-07-28
17.52%→16.49%
Mizuho Bank, Ltd.
2026-07-23
4.26%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-08
Large Shareholding Report
EDINET
2026-10-06
Large Shareholding Report
EDINET
2026-10-05
Large Shareholding Report
EDINET
2026-09-07
Large Shareholding Report
EDINET
2026-09-01
Large Shareholding Report
EDINET
2026-08-20
Large Shareholding Report
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-07-28
Large Shareholding Report
EDINET
2026-07-23
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Jun 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-02-21
Securities Registration Statement
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-28
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-29
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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