Bourbon Corporation (2208) AI Stock Analysis

• Market Cap: ¥62.13B
• Dividend Yield: 0.39%
• Average Volume (3M): 7.31K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.19
• Revenue Growth: 9.41%
• EPS Growth: 80.74%
• Country: JP
• Employees: 4,211
• Sector: Consumer Defensive
• Sector Strength: 53
• Industry: Food Confectioners
• EPS (TTM): 78.03
• Shares Outstanding: 27,700,000
• 10 Day Avg. Volume: 9,270
• 30 Day Avg. Volume: 7,306
• 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: 67 Neutral
• Price Target: ¥2,811.00 ▲(8.70%Upside)

Bourbon Corporation's strong financial performance, particularly in revenue growth and balance sheet stability, is offset by concerns over negative cash flow. Technical analysis indicates a lack of strong market momentum, and the stock's valuation is attractive with a low P/E ratio. These factors combine to offer a moderately positive outlook.

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
EBITDA	13.11B	9.26B	6.45B	9.24B	8.98B
Net Income	5.57B	3.07B	1.10B	3.37B	3.17B
Balance Sheet
Total Assets	95.84B	94.23B	87.63B	83.26B	78.87B
Cash, Cash Equivalents and Short-Term Investments	17.39B	19.59B	16.18B	16.79B	14.79B
Total Debt	3.69B	5.34B	5.75B	1.07B	1.36B
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: Neutral
• Last Price: 2586.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Neutral. The current price of 2586 is below the 20-day moving average (MA) of 2592.45, below the 50-day MA of 2620.48, and above the 200-day MA of 2461.54, indicating a neutral trend. The MACD of -7.94 indicates Negative momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 36.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2208.

Bourbon Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2209	76 Outperform	¥32.06B	14.50		1.27%	6.01%	14.02%
2221	71 Outperform	¥34.68B	10.63		0.84%	13.43%	60.08%
2216	69 Neutral	¥69.73B	19.80		1.95%	11.18%	28.19%
2208	67 Neutral	¥62.13B	11.19		0.39%	9.41%	80.74%
Sector *	65 Neutral	$26.93B	15.26	-4.27%	3.16%	1.02%	1.89%
2211	65 Neutral	¥63.02B	38.68		1.23%	3.75%	44.95%
2217	59 Neutral	¥33.21B	26.96		1.82%	0.62%	-32.02%