Low Leverage / Strong Balance SheetBourbon's very low debt-to-equity (~0.05) and sizable equity base give durable financial flexibility. A conservatively levered balance sheet reduces refinancing risk, lowers interest burden, and supports investment, M&A optionality or dividend stability during cyclical downturns.

Improving Profitability And MarginsThe meaningful margin recovery from 2023 indicates structural improvement in cost control or pricing. Sustained higher operating and net margins drive better cash generation potential and ROE expansion, supporting longer-term earnings durability if the company maintains these operational gains.

Revenue Recovery And Positive Growth TrendA multi-year revenue recovery and positive recent top-line growth reduce reliance on one-off adjustments and imply demand stabilization. Consistent revenue traction supports scale economics and the ability to convert operating leverage into sustainable profit improvement over the medium term.

Bears Say

Thin And Volatile Free Cash FlowFree cash flow is small relative to reported earnings and has swung materially year-to-year, which undermines confidence that profits translate into durable cash. Volatile FCF constrains the firm's ability to fund capex, pay consistent dividends, or pursue strategic investments without altering capital structure.

Low FCF-to-net-income ConversionWeak conversion of net income into free cash flow implies earnings quality issues or working-capital/capex needs. Over the medium term this reduces flexibility for buybacks/dividends and increases sensitivity to cash-flow shocks, making earnings less reliable as a basis for allocation decisions.

Moderate Returns May Cap UpsideAlthough ROE improved, it remains moderate (~8.1%), suggesting limited capital efficiency versus higher-return peers. Without further margin expansion or faster revenue growth, moderate returns can constrain reinvestment yields and limit long-term shareholder value creation and re-rating potential.

2208 FAQ

What was Bourbon Corporation’s price range in the past 12 months?

Bourbon Corporation lowest stock price was ¥2365.00 and its highest was ¥3075.00 in the past 12 months.

What is Bourbon Corporation’s market cap?

Bourbon Corporation’s market cap is ¥72.31B.

When is Bourbon Corporation’s upcoming earnings report date?

Bourbon Corporation’s upcoming earnings report date is Apr 24, 2026 which is in 67 days.

How were Bourbon Corporation’s earnings last quarter?

Bourbon Corporation released its earnings results on Jan 30, 2026. The company reported ¥94.95 earnings per share for the quarter, beating the consensus estimate of N/A by ¥94.95.

Is Bourbon Corporation overvalued?

According to Wall Street analysts Bourbon Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Bourbon Corporation pay dividends?

Bourbon Corporation pays a Semiannually dividend of ¥20 which represents an annual dividend yield of 1.55%. See more information on Bourbon Corporation dividends here

What is Bourbon Corporation’s EPS estimate?

Bourbon Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Bourbon Corporation have?

Bourbon Corporation has 27,700,000 shares outstanding.

What happened to Bourbon Corporation’s price movement after its last earnings report?

Bourbon Corporation reported an EPS of ¥94.95 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.184%.

Which hedge fund is a major shareholder of Bourbon Corporation?

Currently, no hedge funds are holding shares in JP:2208

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Bourbon Corporation

Bourbon Corporation manufactures and sells food and beverage products in Japan and internationally. The company offers cookies, wheat flour crackers, bean snacks, candies, deserts, rice biscuits, snacks, delicacies, chocolates, chewing gums, mineral water, coffee, cocoa beverages, and other soft drinks; and powdered cocoa, liquor, rice, bread, and instant ramen. It markets its products through vending machines and mail orders. The company was formerly known as Kitanihon Shokuhin Kogyo Corporation and changed its name to Bourbon Corporation in June 1989. Bourbon Corporation was founded in 1924 and is headquartered in Kashiwazaki, Japan.