Bourbon Corporation (2208) AI Stock Analysis

• Market Cap: ¥64.05B
• Dividend Yield: 0.38%
• Average Volume (3M): 7.48K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.19
• Revenue Growth: 9.41%
• EPS Growth: 80.83%
• Country: JP
• Employees: 4,211
• Sector: Consumer Defensive
• Sector Strength: 69
• Industry: Food Confectioners
• EPS (TTM): 231.16
• Shares Outstanding: 27,700,000
• 10 Day Avg. Volume: 7,190
• 30 Day Avg. Volume: 7,483
• PEG Ratio: -0.69
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.26
• 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	94.45B	118.44B
	Gross Profit
29.11B	24.48B	21.96B	24.00B	50.26B
	EBIT
7.45B	3.78B	1.61B	4.12B	4.18B
	EBITDA
13.11B	9.26B	6.45B	9.24B	8.98B
	Net Income Common Stockholders
5.57B	3.07B	1.10B	3.37B	3.17B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.39B	19.59B	16.18B	16.79B	14.79B
	Total Assets
95.84B	94.23B	87.63B	83.26B	78.87B
	Total Debt
3.69B	5.34B	5.75B	1.07B	1.36B
	Net Debt
-13.71B	-14.23B	-10.43B	-15.72B	-13.43B
	Total Liabilities
34.34B	37.80B	34.09B	30.48B	28.31B
	Stockholders Equity
61.49B	56.43B	53.54B	52.79B	50.56B
Cash Flow		Free Cash Flow
-294.00M	4.46B	-3.60B	3.18B	2.29B
	Operating Cash Flow
6.53B	9.81B	2.12B	8.09B	8.05B
	Investing Cash Flow
-6.47B	-5.29B	-6.74B	-5.12B	-5.63B
	Financing Cash Flow
-2.23B	-1.18B	3.97B	-1.08B	-932.00M

Bourbon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2650.00
• 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 2650 is above the 20-day moving average (MA) of 2639.65, above the 50-day MA of 2614.80, and above the 200-day MA of 2436.42, indicating a bullish trend. The MACD of 11.63 indicates Positive momentum. The RSI at 52.52 is Neutral, neither overbought nor oversold. The STOCH value of 63.93 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	¥65.45B	18.87		2.61%	11.18%	28.19%
2208	76 Outperform	¥64.05B	11.53		0.38%	9.41%	80.83%
2221	72 Outperform	¥34.39B	10.60		0.84%	13.43%	60.07%
2209	69 Neutral	¥31.61B	14.35		1.28%	6.01%	14.07%
Sector *	65 Neutral	$8.88B	15.01	4.67%	6.15%	3.61%	-2.60%
2211	62 Neutral	¥60.39B	37.23		1.28%	3.75%	44.95%
2217	59 Neutral	¥33.80B	27.44		1.79%	0.62%	-32.02%