YUKIGUNI MAITAKE CO., LTD. (1375) AI Stock Analysis

• Market Cap: ¥43.50B
• Dividend Yield: 1.52%
• Average Volume (3M): 61.18K
• Price to Earnings (P/E): 30.6
• Beta (1Y): 0.45
• Revenue Growth: 6.00%
• EPS Growth: -45.34%
• Country: JP
• Employees: 1,054
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 63.68
• Shares Outstanding: 39,910,700
• 10 Day Avg. Volume: 44,640
• 30 Day Avg. Volume: 61,183
• PEG Ratio: 2.68
• Price to Book (P/B): 3.63
• Price to Sales (P/S): 1.21
• P/FCF Ratio: 13.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ¥1,145.00 ▲(9.88% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven mainly by a middling financial profile: very strong top-line growth and improved gross margin are offset by thin/compressing bottom-line margins, meaningful leverage, and softer free-cash-flow growth. Technicals are supportive with the stock trading above major moving averages, but valuation is a headwind due to a high P/E and only a modest dividend yield.

Positive Factors

Strong Revenue Growth

Sustained ~74% TTM revenue growth indicates expanding market penetration and rising demand for the company’s products. Over a 2–6 month horizon this supports scale advantages, increased bargaining power with distributors, and a larger base for converting value-added offerings into durable sales.

Improved Gross Margin

Material gross margin improvement to ~36.8% suggests better product mix or production efficiency rather than transient price moves. Higher gross margin is structurally important: it provides buffer against operating cost volatility and creates room to invest in value-added SKUs that support longer-term profitability.

Positive Free Cash Flow

Consistent positive operating cash flow and multi-year free cash flow (FY2025 ~¥3.3B, FY2024 ~¥2.8B, TTM ~¥2.24B) show the business can generate cash despite margin pressure. That durability supports capex, working capital needs, and deleveraging or targeted reinvestment over months.

Negative Factors

Thin & Compressing Profitability

Very low net and operating margins despite strong revenue growth indicate weak earnings conversion and higher operating cost intensity. Persistently thin margins limit the company’s ability to self-fund growth, absorb shocks, and sustainably improve ROE without structural cost reduction or higher-priced products.

Elevated Leverage

Debt materially above equity raises financial risk in a packaged-foods business with modest margins. Higher leverage increases interest exposure and reduces strategic flexibility for M&A, capex, or weathering harvest/price cycles, making the company more sensitive to cash-flow swings over months.

Weaker Cash Conversion & FCF Growth

Declining FCF growth and sub‑100% cash conversion signal working-capital or cost pressures that reduce cash available for debt reduction or reinvestment. Over the medium term this can constrain balance-sheet repair and limit the company’s ability to translate top-line gains into durable shareholder-value improvements.

YUKIGUNI MAITAKE CO., LTD. Business Overview & Revenue Model

Company Description

Yukiguni Maitake Co., Ltd., together with its subsidiaries, manufactures and sells mushrooms and other processed food in Japan. The company's products include Maitake, Eringi, and Buna-Shimeji mushrooms; Maitake and Eringi rice mix; aojiru, a green juice health drink; and health foods. Yukiguni Maitake Co., Ltd. was founded in 1983 and is headquartered in Minamiuonuma, Japan. Yukiguni Maitake Co., Ltd. operates as a subsidiary of Shinmei Co., Ltd.

How the Company Makes Money

YUKIGUNI MAITAKE generates revenue primarily through the sale of maitake mushrooms in various forms, including fresh, dried, and processed products such as supplements and health foods. The company benefits from multiple revenue streams, including direct sales to retailers, wholesalers, and food manufacturers. Additionally, YUKIGUNI MAITAKE has established partnerships with health food companies and distributors, enhancing its market reach and brand visibility. The growing consumer interest in health and wellness products, particularly natural and organic food options, further supports the company's earnings.

YUKIGUNI MAITAKE CO., LTD. Financial Statement Overview

Summary

Revenue growth is very strong (+74.4% TTM) and gross margin improved (~36.8% TTM), but overall profitability is thin (net margin ~2.3%, operating margin ~4.6%) and has compressed versus prior years. Leverage is meaningful (TTM debt-to-equity ~1.51x) with weaker ROE (~6.8% TTM). Cash flow remains positive (TTM FCF ~¥2.24B) but is down (~-10.9%) with modest cash conversion (FCF ~56% of net income).

Income Statement

TTM (Trailing-Twelve-Months) revenue is up sharply (+74.4%), but profitability is thin: net margin is ~2.3% and operating margin is ~4.6%. Profitability has also compressed versus prior annual periods (net margin ~4.0% in FY2025 and ~6.3% in FY2022), indicating the growth is coming with weaker earnings conversion. A positive is the improved gross margin in TTM (~36.8%) versus FY2024–FY2023 (~24–25%), but the drop in bottom-line margin suggests higher operating costs, pricing pressure, or mix effects.

Balance Sheet

Leverage is meaningful, with debt running above equity (TTM debt-to-equity ~1.51x; historically ~1.40–2.17x). Returns on equity have come down materially (TTM ~6.8% vs. double-digit in most recent annual periods and very high in FY2021), pointing to reduced efficiency/profitability. Equity has improved versus earlier years, but the balance sheet still carries above-average financial risk for a packaged foods profile due to the debt load.

Cash Flow

Cash generation is solid but not consistently strengthening. TTM operating cash flow (~¥4.3B) and free cash flow (~¥2.24B) remain positive, but free cash flow growth is negative (down ~10.9%). Free cash flow is also only about ~56% of net income in TTM, suggesting weaker cash conversion than ideal. That said, the company has demonstrated an ability to produce meaningful free cash flow in recent annual periods (FY2025 ~¥3.3B; FY2024 ~¥2.8B), improving resilience versus the very weak FY2023 free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	37.35B	37.10B	47.48B	42.20B	47.08B	51.38B
Gross Profit	13.67B	13.37B	11.62B	10.52B	13.35B	16.30B
EBITDA	3.82B	4.77B	5.04B	4.31B	6.96B	9.80B
Net Income	1.43B	1.50B	1.36B	1.18B	2.99B	4.74B
Balance Sheet
Total Assets	39.81B	37.87B	38.00B	33.30B	36.10B	35.64B
Cash, Cash Equivalents and Short-Term Investments	2.61B	3.90B	2.80B	1.06B	3.72B	3.78B
Total Debt	16.55B	17.30B	18.61B	17.89B	19.05B	20.05B
Total Liabilities	25.27B	25.34B	26.48B	22.89B	25.63B	26.41B
Stockholders Equity	14.54B	12.37B	11.45B	10.41B	10.47B	9.23B
Cash Flow
Free Cash Flow	2.24B	3.31B	2.85B	168.00M	3.04B	4.47B
Operating Cash Flow	4.30B	5.52B	5.32B	3.10B	5.61B	8.20B
Investing Cash Flow	-2.03B	-2.25B	-3.36B	-3.00B	-2.55B	-3.69B
Financing Cash Flow	-2.39B	-2.16B	-227.00M	-2.77B	-3.11B	-5.20B

YUKIGUNI MAITAKE CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1042.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1375, the sentiment is Positive. The current price of 1042 is below the 20-day moving average (MA) of 1089.25, below the 50-day MA of 1069.60, and below the 200-day MA of 1071.51, indicating a bullish trend. The MACD of 9.43 indicates Positive momentum. The RSI at 64.50 is Neutral, neither overbought nor oversold. The STOCH value of 66.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1375.

YUKIGUNI MAITAKE CO., LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3392	78 Outperform	¥13.86B	9.32	―	1.43%	10.77%	131.68%
2935	74 Outperform	¥15.36B	11.95	―	2.16%	1.28%	18.81%
2918	73 Outperform	¥59.47B	12.40	―	3.20%	4.98%	-10.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1375	60 Neutral	¥43.50B	30.64	―	1.52%	6.00%	-45.34%
2933	59 Neutral	¥24.61B	24.38	―	1.87%	3.06%	-53.49%
2910	46 Neutral	¥37.25B	311.33	―	1.65%	-1.17%	-84.81%

YUKIGUNI MAITAKE CO., LTD. Corporate Events

Yukiguni Maitake Sets Medium-Term Plan and Outlines FY2026 Q3 Review

YUKIGUNI MAITAKE CO., LTD. released an outline of its performance review for the third quarter of the fiscal year ending March 2026, alongside its full-year consolidated earnings forecast and updates on new business initiatives. The company also highlighted its sustainability agenda, a medium-term business plan covering fiscal 2024 to 2028, and its financial policies and shareholder return strategy, signaling a structured approach to growth management and capital allocation.

While detailed figures were not disclosed in the outline, the focus on a multi-year business plan and defined financial and shareholder return policies suggests an emphasis on long-term stability and value creation. The inclusion of new business and sustainability as core agenda items underscores a strategic push to diversify operations and strengthen the company’s positioning in the food sector amid evolving stakeholder expectations.

The most recent analyst rating on (JP:1375) stock is a Hold with a Yen1074.00 price target. To see the full list of analyst forecasts on YUKIGUNI MAITAKE CO., LTD. stock, see the JP:1375 Stock Forecast page.

Yukiguni Factory Posts Flat Nine-Month Earnings but Affirms Profit, Dividend Outlook

Yukiguni Factory Co., Ltd. reported nine-month results to December 31, 2025 showing largely flat performance, with total income down 0.5% to ¥39.38 billion and operating profit essentially unchanged at ¥4.31 billion, while profit attributable to owners slipped 2.6% and margins softened slightly as core operating profit and core EBITDA declined year on year. Despite this modest earnings deterioration, the balance sheet strengthened, with total assets rising to ¥39.81 billion and the equity ratio improving to 36.5%, and the company maintained its full-year forecast, projecting a 35.1% rise in operating profit and higher annual dividends, signaling confidence in profitability and continued shareholder returns.

The most recent analyst rating on (JP:1375) stock is a Hold with a Yen1074.00 price target. To see the full list of analyst forecasts on YUKIGUNI MAITAKE CO., LTD. stock, see the JP:1375 Stock Forecast page.