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Regional supermarket chain operating grocery stores in Shikoku and western Japan.
Regional supermarket chain operating grocery stores in Shikoku and western Japan.
Moat: narrow (scale, distribution). Regional store density among Shikoku-area supermarket chains.
Headquarters: Matsuyama, Japan · Employees: 7,757
Size Fuji (8278.T) is a Japan Consumer Staples company (Food Retail) with a market value of $1.11B, the 690th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,026 on 6 Nov 2026.
Performance Over six months the shares fell 0.6%, against -6.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 1.5% over the last twelve months (peer median +2.6%); the operating margin is 1.1% (peer median 3.7%).
Valuation It trades at 0.2× enterprise value to sales against a peer median of 0.5× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥804B | ¥814B | ¥809B | ¥801B | ¥785B |
| Revenue growth | — | +1% | +1% | +2% | — |
| Gross profit | ¥227B | ¥232B | ¥233B | ¥220B | ¥214B |
| EBITDA | ¥26.4B | ¥28.8B | ¥29.9B | ¥33.3B | ¥29.4B |
| Net income | ¥8.64B | ¥8.18B | ¥3.82B | ¥7.44B | ¥9.03B |
| Free cash flow | n/a | ¥19.4B | -¥41.0M | ¥14.7B | ¥3.08B |
| Capital expenditure | n/a | ¥18.7B | ¥17.0B | ¥16.3B | ¥21.4B |
| Total debt | ¥35.5B | ¥44.1B | ¥70.5B | ¥81.7B | ¥89.3B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Fuji 8278.T | $1.11B | -1% | -1% | 1% | 0.2× | 2.6% |
| San-a 2659.T | $1.22B | -2% | +6% | 7% | 0.6× | -12.3% |
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 | 8278.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | +2.2% | 10th highest of 21 |
| 6-month return | -0.6% | -6.3% | 5th highest of 21 |
| Distance from 52-week high | -12.1% | -22.8% | 7th highest of 21 |
| Revenue growth (TTM) | -1.5% | +2.6% | 6th lowest of 20 |
| Operating margin | 1.1% | 3.7% | 2nd lowest of 20 |
| EV / Sales | 0.2× | 0.5× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.6% | -2.7% | 6th most demanding of 18 |
| Growth delivered (Del g) | +20.9% | +3.0% | highest of 18 |
| Hurdle (Req g minus delivered) | -18.3 pp | -7.5 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | -2.4 pp | +2.6 pp | 4th lowest of 21 |
| Net debt / EBITDA | 0.6× | 0.9× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fuji 8278.T | Japan | $1.11B | -1% | -1% | 1% | 0.2× | 2.6% | +20.9% |
| San-a 2659.T | Japan | $1.22B | -2% | +6% | 7% | 0.6× | -12.3% | +3.9% |
| Toly Bread 603866.SS | China | $1.01B | -15% | -2% | 8% | 1.4× | 0.5% | -1.8% |
| Taiwan FamilyMart 5903.TWO | Taiwan | $1.23B | -4% | +7% | 2% | 0.3× | -2.4% | +5.2% |
| Chengdu Hongqi Chain 002697.SZ | China | $1.01B | -5% | -1% | 5% | 0.5× | -17.5% | +1.1% |
| United Super Markets 3222.T | Japan | $999M | -7% | +11% | 0% | 0.2× | 31.5% | +5.6% |
| Valor 9956.T | Japan | $1.25B | -6% | +9% | 3% | 0.3× | -2.7% | +4.8% |
| Chongqing Chongbai Technology 600729.SS | China | $1.26B | -9% | -11% | 4% | 0.7× | -10.4% | -6.9% |
| Arcs 9948.T | Japan | $1.27B | +5% | +2% | 3% | 0.2× | -10.6% | +2.4% |
| Aryzta ARYN.SW | Switzerland | $1.28B | -26% | -3% | 7% | 0.9× | -6.6% | +3.0% |
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 0.7× | 4.4% | +8.4% |
| Better Life Commercial Chain Share 002251.SZ | China | $1.34B | -19% | +11% | 5% | 3.4× | 10.8% | -23.1% |
| Jiangxi Guoguang Commercial Chains 605188.SS | China | $908M | -26% | +3% | 1% | 2.1× | 27.5% | +4.6% |
| Jiajiayue 603708.SS | China | $874M | -12% | 0% | 2% | 0.4× | -12.7% | +1.5% |
| Axial Retailing 8255.T | Japan | $865M | +30% | +3% | 4% | 0.4× | -10.9% | +2.9% |
| Life 8194.T | Japan | $1.43B | +1% | +3% | 3% | 0.3× | -11.0% | +3.0% |
| BELC 9974.T | Japan | $852M | -8% | +5% | 4% | 0.4× | n/a | n/a |
| WH Smith SMWH.L | United Kingdom | $851M | -10% | -31% | 8% | 1.3× | 9.1% | +8.8% |
| Sanjiang Shopping Club 601116.SS | China | $833M | -26% | -7% | 3% | 1.1× | n/a | n/a |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | 0.3× | -1.4% | +3.0% |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | n/a | n/a | n/a |