Bourbon Corporation (2208) AI Stock Analysis

• Market Cap: ¥63.35B
• Dividend Yield: 1.42%
• Average Volume (3M): 11.64K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.18
• Revenue Growth: 9.41%
• EPS Growth: 80.83%
• Country: JP
• Employees: 4,211
• Sector: Consumer Defensive
• Sector Strength: 73
• Industry: Food Confectioners
• EPS (TTM): 231.16
• Shares Outstanding: 27,700,000
• 10 Day Avg. Volume: 8,420
• 30 Day Avg. Volume: 11,640
• PEG Ratio: 1.45
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -218.97
• 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

• Rating: 76 Outperform
• Price Target: ―

Bourbon Corporation's stock is buoyed by strong technical indicators and a stable financial position with room for profitability improvements. The low P/E ratio and dividend yield make it an appealing option for value investors. However, the recent negative Free Cash Flow is a key risk that needs to be addressed to ensure sustainable growth.

Bourbon Corporation Business Overview & Revenue Model

Company Description

Bourbon Corporation (2208) is a leading Japanese manufacturer and distributor in the confectionery and food industry. The company specializes in producing a wide range of snacks, biscuits, candies, and beverages, with a strong focus on quality and innovation. Its products are well-regarded both domestically and internationally, catering to a diverse consumer base that appreciates the blend of traditional flavors with modern tastes.

How the Company Makes Money

Bourbon Corporation generates revenue primarily through the sale of its confectionery and food products. The company's revenue streams are largely derived from its diverse product offerings, including biscuits, snacks, candies, and beverages. Bourbon has established a robust distribution network, both domestically within Japan and internationally, which allows it to reach a broad customer base. Significant partnerships with retail chains and distributors enhance its market presence and product availability. Additionally, the company invests in continuous product innovation and marketing to maintain its competitive edge and appeal to changing consumer preferences, thereby contributing to sustained earnings growth.

Bourbon Corporation Financial Statement Overview

Summary

Bourbon Corporation shows strong revenue growth and a stable balance sheet with low leverage. Profitability margins are positive but have room for improvement. The negative Free Cash Flow is a concern, highlighting the need for better cash management to support future investments and operations.

Income Statement

Bourbon Corporation shows a consistent increase in Total Revenue with a solid revenue growth of 9.4% from 2024 to 2025. The Gross Profit Margin improved to 25.65% in 2025, indicating efficient cost management. However, the Net Profit Margin of 4.91% suggests moderate profitability, and while EBIT and EBITDA margins are healthy at 6.57% and 11.55% respectively, there is room for improvement. Overall, the income statement reflects positive growth with potential for enhanced profitability.

Balance Sheet

The company's financial leverage is low with a Debt-to-Equity Ratio of 0.06, indicating minimal reliance on debt. The Return on Equity (ROE) stands at 9.05%, showing reasonable efficiency in using equity to generate profits. The Equity Ratio is strong at 64.15%, suggesting a stable financial position. However, maintaining this low leverage while boosting ROE could further strengthen financial health.

Cash Flow

The Free Cash Flow has turned negative in 2025, at -294 million, from a positive 4.46 billion in 2024, indicating a deterioration in liquidity. The Operating Cash Flow to Net Income Ratio is 1.17, illustrating decent cash generation relative to earnings. Despite this, the negative Free Cash Flow and its sharp decline pose concerns about cash management and investment efficiency.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
113.47B	103.72B	97.38B	118.44B	117.55B
	Gross Profit
29.11B	24.48B	21.96B	50.29B	48.54B
	EBIT
7.45B	3.78B	1.61B	4.18B	2.92B
	EBITDA
13.11B	9.26B	6.45B	9.24B	8.98B
	Net Income Common Stockholders
5.57B	3.07B	1.10B	3.37B	1.88B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.39B	19.59B	16.18B	14.79B	13.26B
	Total Assets
95.84B	94.23B	87.63B	78.87B	78.05B
	Total Debt
3.69B	5.34B	5.75B	1.36B	1.19B
	Net Debt
-13.71B	-14.23B	-10.43B	-13.43B	-11.95B
	Total Liabilities
34.34B	37.80B	34.09B	28.31B	30.39B
	Stockholders Equity
61.49B	56.43B	53.54B	50.56B	47.66B
Cash Flow		Free Cash Flow
-294.00M	4.46B	-3.60B	2.29B	-1.87B
	Operating Cash Flow
6.53B	9.81B	2.12B	8.05B	3.39B
	Investing Cash Flow
-6.47B	-5.29B	-6.74B	-5.63B	-5.61B
	Financing Cash Flow
-2.23B	-1.18B	3.97B	-932.00M	-2.50B

Bourbon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2637.00
• 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:2208, the sentiment is Positive. The current price of 2637 is below the 20-day moving average (MA) of 2637.85, above the 50-day MA of 2570.68, and above the 200-day MA of 2411.65, indicating a neutral trend. The MACD of 7.42 indicates Positive momentum. The RSI at 48.92 is Neutral, neither overbought nor oversold. The STOCH value of 28.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2208.

Bourbon Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2216	77 Outperform	¥54.50B	15.71		2.50%	11.18%	28.19%
2208	76 Outperform	¥63.35B	11.41		1.42%	9.41%	80.83%
2221	70 Neutral	¥34.64B	10.68		1.01%	11.13%	7.80%
2211	67 Neutral	¥61.04B	37.63		1.26%	3.75%	44.95%
Sector *	64 Neutral	$8.82B	14.56	4.78%	173.92%	3.50%	2.20%
2209	62 Neutral	¥31.66B	14.38		1.49%	7.17%	45.25%
2217	61 Neutral	¥35.66B	24.53		1.62%	3.10%	-15.65%