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Kameda Seika Co., Ltd.
(2220)
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Rating:64Neutral
Price Target:
¥1,411.00
▼(-63.82% Downside)
Action:Downgraded
Date:05/15/26
The score is driven primarily by improved fundamentals (strong 2026 growth and profitability) tempered by weak cash conversion, while technical indicators are notably bearish and weigh on the near-term outlook. Valuation is a key positive due to the very low P/E, partially offset by only a modest dividend yield.
Positive Factors
Strong 2026 revenue & margins
A 22.1% revenue acceleration and a jump to a 17.9% net margin in 2026 indicate durable demand and improved pricing or mix across core snack lines. Higher sustained margins support reinvestment in brands, marketing and product development, strengthening long-term competitiveness.
Negative Factors
Weak cash conversion
Operating cash covered only ~0.41x of net income and FCF was modest, implying earnings quality and working capital timing issues. Persistent weak cash conversion can constrain capex, dividends and debt servicing, limiting financial flexibility over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2026 revenue & margins
A 22.1% revenue acceleration and a jump to a 17.9% net margin in 2026 indicate durable demand and improved pricing or mix across core snack lines. Higher sustained margins support reinvestment in brands, marketing and product development, strengthening long-term competitiveness.
Read all positive factors
Kameda Seika Co., Ltd. (2220) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥83.60B
Dividend Yield1.73%
Average Volume (3M)53.38K
Price to Earnings (P/E)19.9
Beta (1Y)0.12
Revenue Growth23.42%
EPS Growth-65.03%
CountryJP
Employees4,533
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)63.80
Shares Outstanding66,955,950
10 Day Avg. Volume46,020
30 Day Avg. Volume53,380
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.89
Price to Sales (P/S)0.66
P/FCF Ratio21.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)71.15
Revenue Forecast (FY)¥143.10B
Kameda Seika Co., Ltd. Business Overview & Revenue Model
Company Description
Kameda Seika Co.,Ltd., established in 1946 and headquartered in Niigata, Japan, stands as a leading manufacturer and vendor of rice crackers and various snack items across the Japanese market. Beyond its core snack production, the company's extens...
How the Company Makes Money
Kameda Seika makes money mainly by selling branded and other rice-based snack products (notably rice crackers) that it manufactures and distributes. Revenue is generated from (1) domestic sales in Japan to retailers and wholesalers (including supe...
Kameda Seika Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.55B | 138.05B | 103.26B | 95.53B | 94.99B | 85.16B |
| Gross Profit | 40.31B | 39.77B | 28.07B | 25.75B | 24.53B | 23.88B |
| EBITDA | 18.68B | 17.99B | 11.85B | 10.63B | 9.66B | 10.02B |
| Net Income | 4.04B | 24.65B | 5.42B | 2.26B | 1.89B | 4.42B |
Balance Sheet | ||||||
| Total Assets | 189.06B | 188.22B | 123.86B | 120.51B | 111.18B | 103.42B |
| Cash, Cash Equivalents and Short-Term Investments | 20.17B | 20.61B | 10.10B | 9.22B | 8.28B | 6.87B |
| Total Debt | 43.75B | 50.18B | 24.72B | 23.78B | 23.52B | 19.12B |
| Total Liabilities | 81.41B | 81.75B | 44.95B | 46.79B | 43.18B | 37.37B |
| Stockholders Equity | 104.33B | 102.93B | 75.59B | 69.94B | 64.86B | 63.41B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.22B | 1.54B | 2.31B | 935.00M | 48.00M |
| Operating Cash Flow | 0.00 | 11.90B | 9.44B | 9.73B | 8.29B | 8.30B |
| Investing Cash Flow | 0.00 | -26.02B | -7.83B | -8.14B | -8.44B | -9.84B |
| Financing Cash Flow | 0.00 | 23.51B | -1.22B | -1.25B | 972.00M | 1.20B |
Kameda Seika Co., Ltd. Technical Analysis
Positive
3900.00
Price Trends
1239.22
Positive
1321.31
Negative
1317.64
Negative
Market Momentum
5.45
Negative
59.47
Neutral
56.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2220, the sentiment is Positive. The current price of 3900 is above the 20-day moving average (MA) of 1256.70, above the 50-day MA of 1239.22, and above the 200-day MA of 1317.64, indicating a neutral trend. The MACD of 5.45 indicates Negative momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 56.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2220.
Kameda Seika Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥374.97B | 20.00 | 8.43% | 2.20% | 5.36% | 4.50% | |
65 Neutral | ¥384.42B | 17.23 | ― | 2.42% | 1.83% | 339.18% | |
64 Neutral | ¥83.60B | 19.94 | ― | 1.47% | 23.42% | -65.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ¥1.04T | 29.28 | 4.63% | 2.77% | 1.70% | -30.42% | |
59 Neutral | ¥50.84B | 19.60 | ― | 1.19% | 2.99% | 0.15% | |
55 Neutral | ¥327.86B | 52.10 | 2.26% | 1.85% | 12.09% | 13.34% |
* Consumer Defensive Sector Average
JP:2220
Kameda Seika Co., Ltd.
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Kameda Seika Co., Ltd. Corporate Events
Kameda Seika Moves to Shorten Director Terms and Add Flexibility to Dividend Policy
May 13, 2026
Kameda Seika’s board has approved a proposal to amend its Articles of Incorporation, notably shortening directors’ terms of office from two years to one year to clarify management responsibilities and enable faster responses to shifts ...
Kameda Seika Posts Surge in FY2025 Profit, Resets Outlook After One-Off Gains
May 13, 2026
Kameda Seika reported a strong jump in FY2025 results, with net sales rising 33.7% to ¥138.1 billion and operating income up 36.9%, while net income attributable to owners surged more than fourfold to ¥24.6 billion, boosted by improved p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.