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Global maker of shrink-sleeve labels and packaging materials for beverage, food and personal-care containers.
Global maker of shrink-sleeve labels and packaging materials for beverage, food and personal-care containers.
Sells the sleeves as a consumable, and also the labelling machines that apply them, so a machine placed on a customer's filling line pulls through repeated label orders. Much of its business now lies outside Japan, built partly through acquisitions overseas.
In one line: A Japanese global leader in shrink-sleeve labeling.
Moat: narrow (scale, customer qualification, process know-how). Global scale and long-standing supply relationships in a niche high-precision labeling technology.
Headquarters: Osaka, Japan · Founded: 1946 · Employees: 5,670
Size Fuji Seal International (7864.T) is a Japan Materials company (Containers/Packaging) with a market value of $1.18B, the 669th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,405 on 6 Nov 2026.
Performance Over six months the shares gained 37.5%, against -10.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +0.6%); the operating margin is 9.2% (peer median 6.1%).
Valuation It trades at 10.8× forward earnings against a peer median of 18.3× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥223B | ¥218B | ¥212B | ¥197B | ¥184B |
| Revenue growth | — | +3% | +8% | +7% | — |
| Gross profit | ¥50.2B | ¥48.3B | ¥44.9B | ¥35.7B | ¥29.6B |
| EBITDA | ¥29.2B | ¥28.9B | ¥27.6B | ¥21.6B | ¥15.9B |
| Net income | ¥21.3B | ¥20.7B | ¥12.2B | ¥10.3B | ¥6.87B |
| Free cash flow | ¥4.02B | ¥4.57B | ¥14.7B | ¥13.9B | -¥2.88B |
| Capital expenditure | ¥16.7B | ¥17.3B | ¥6.96B | ¥6.33B | ¥11.7B |
| Total debt | ¥11.6B | ¥10.6B | ¥9.74B | ¥6.78B | ¥12.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fuji Seal International 7864.T | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% |
| CCL Industries CCL-B.TO | $11.8B | +17% | +5% | 15% | 18.7× | 1.3% |
| Avery Dennison AVY | $14.1B | +14% | +7% | 13% | 17.4× | 1.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7864.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -6.3% | 8th highest of 21 |
| 6-month return | +37.5% | -10.5% | 2nd highest of 21 |
| Distance from 52-week high | -6.7% | -38.8% | highest of 21 |
| Revenue growth (TTM) | +3.9% | +0.6% | 9th highest of 21 |
| Operating margin | 9.2% | 6.1% | 7th highest of 21 |
| Forward P/E | 10.8× | 18.3× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -9.5% | 7.1% | least demanding of 11 |
| Growth delivered (Del g) | +5.9% | +5.6% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -15.4 pp | +7.4 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +5.3 pp | -0.9 pp | 4th highest of 21 |
| EV / EBITDA | 5.5× | 7.2× | cheapest of 8 |
| Net debt / EBITDA | -0.9× | 2.2× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| MYS 002303.SZ | China | $909M | +26% | +1% | 8% | 18.6× | 4.9% | +3.4% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Guangzhou Fangbang Electronics 688020.SS | China | $900M | -51% | -2% | -28% | n/a | n/a | n/a |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Time Technoplast TIMETECHNO.NS | India | $891M | -9% | +16% | 11% | 11.0× | n/a | n/a |