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Japanese maker of foam and plastic food packaging trays used by supermarkets and food producers.
Japanese maker of foam and plastic food packaging trays used by supermarkets and food producers.
Sells packaging as a consumable bought repeatedly by supermarkets and food processors, often through wholesalers, so volumes follow food sales and are steady. Its main raw material is polystyrene resin, so margins are squeezed when resin costs rise faster than it can lift prices.
In one line: A food-packaging tray maker, like a smaller Pactiv.
Moat: narrow (scale, distribution). Leading scale in a low-margin, high-volume packaging niche with dense distribution to retailers.
Headquarters: Tokyo, Japan · Founded: 1962 · Employees: 5,306
Size FP Corporation (7947.T) is a Japan Industrials company (Miscellaneous Manufacturing) with a market value of $1.61B, the 550th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,095 on 6 Nov 2026.
Performance Over six months the shares gained 34.9%, against -16.7% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 4.1% over the last twelve months (peer median +5.9%); the operating margin is 9.3% (peer median 11.8%).
Valuation It trades at 15.5× forward earnings against a peer median of 19.3× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥250B | ¥240B | ¥236B | ¥222B | ¥211B |
| Revenue growth | — | +2% | +6% | +5% | — |
| Gross profit | ¥81.5B | ¥74.1B | ¥68.7B | ¥62.6B | ¥61.5B |
| EBITDA | ¥37.8B | ¥36.2B | ¥33.2B | ¥31.6B | ¥30.9B |
| Net income | ¥15.9B | ¥14.9B | ¥12.5B | ¥11.7B | ¥11.5B |
| Free cash flow | ¥7.16B | ¥14.0B | ¥13.1B | ¥17.8B | -¥7.70B |
| Capital expenditure | ¥26.0B | ¥16.5B | ¥15.4B | ¥11.8B | ¥28.3B |
| Total debt | ¥80.9B | ¥80.6B | ¥80.5B | ¥92.8B | ¥102B |
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 |
|---|---|---|---|---|---|---|
| FP Corporation 7947.T | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% |
| Sekisui Chemical 4204.T | $6.61B | +9% | +6% | 9% | 13.4× | n/a |
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 | 7947.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.7% | -4.7% | 4th highest of 21 |
| 6-month return | +34.9% | -16.7% | highest of 21 |
| Distance from 52-week high | -5.6% | -36.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +4.1% | +5.9% | 9th lowest of 21 |
| Operating margin | 9.3% | 11.8% | 7th lowest of 21 |
| Forward P/E | 15.5× | 19.3× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | 10.0% | 5th least demanding of 18 |
| Growth delivered (Del g) | +5.1% | +6.0% | 9th lowest of 18 |
| Hurdle (Req g minus delivered) | -6.1 pp | +3.3 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +2.0 pp | +0.5 pp | 10th highest of 21 |
| EV / EBITDA | 8.3× | 7.6× | 4th most expensive of 9 |
| Net debt / EBITDA | 1.6× | 1.9× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% | -3.5% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Suzhou Victory Precision Manufacture 002426.SZ | China | $1.17B | -41% | +7% | -20% | n/a | 30.8% | -18.0% |
| Zhejiang Weixing New Building Materials 002372.SZ | China | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% | +1.1% |
| Cangzhou Mingzhu Plastic 002108.SZ | China | $1.10B | -28% | +14% | 5% | n/a | n/a | n/a |
| INDUS INH.DE | Germany | $1.03B | +11% | +8% | 13% | 7.0× | -6.8% | +2.2% |
| Shanghai Hajime Advanced Material Technology 301000.SZ | China | $986M | -1% | +4% | 16% | 40.9× | n/a | n/a |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 27.1× | 15.4% | +25.0% |
| Hanshow Technology 301275.SZ | China | $2.68B | -5% | +42% | 13% | 27.7× | 10.0% | +13.6% |
| Daetwyler DAE.SW | Switzerland | $2.72B | -21% | +2% | 10% | 24.7× | 9.3% | +6.0% |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 16.4× | 13.0% | +3.5% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 17.9× | 3.8% | +9.0% |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 12.1× | 12.4% | +8.6% |