Como Co., Ltd. (2224) AI Stock Analysis

• Market Cap: ¥13.90B
• Dividend Yield: 0.2%
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 188.1
• Beta (1Y): 0.18
• Revenue Growth: -5.06%
• EPS Growth: -122.27%
• Country: JP
• Employees: 187
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 32.58
• Shares Outstanding: 3,630,000
• 10 Day Avg. Volume: 1,190
• 30 Day Avg. Volume: 1,913
• PEG Ratio: 169.67
• Price to Book (P/B): 5.28
• Price to Sales (P/S): 1.51
• P/FCF Ratio: -41.18
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ¥4,040.00 ▲(22.42% Upside)
• Action: Reiterated Date: 10/28/25
• Date: Action: Reiterated 10/28/25

The overall stock score reflects the company's mixed financial performance, with stable operational efficiency but declining revenues and profitability margins. Technical analysis indicates neutral to slightly bearish momentum, while valuation metrics highlight concerns with profitability and low income potential for investors.

Positive Factors

Improved leverage & stable equity

An improved debt-to-equity mix and a high equity ratio provide durable financial flexibility: lower leverage reduces bankruptcy risk, decreases interest burden, and preserves room to fund strategic initiatives or cyclical downturns without immediate reliance on costly external financing.

Operational efficiency (stable EBITDA)

A stable EBITDA margin indicates the core packaged-food operations retain cost control and scale benefits. This operating resilience supports medium-term cash generation capacity and provides a foundation to restore net margins if top-line trends stabilize or if fixed costs are re-levered.

Reasonable operating cash generation

Consistent operating cash conversion implies the business can generate cash from core activities even when accounting profits are pressured. Over 2-6 months this supports working capital needs, debt servicing and selective investment, limiting dependence on external short-term funding.

Negative Factors

Declining revenue

A multi-period revenue decline erodes scale economics and constrains the firm's ability to cover fixed costs and invest in growth. If persistent, shrinking top-line reduces pricing power, limits margin recovery opportunities and raises the bar for management to restore sustainable profitability.

Negative free cash flow

Sustained negative free cash flow from elevated capex stresses internal funding capacity and may force external financing or capex cuts. That dynamic can limit strategic investments, increase leverage risk, and reduce financial flexibility over the coming months if cash generation doesn't improve.

Very thin net margins

A sub-1% net margin leaves minimal buffer for input cost shocks, pricing pressure, or small sales declines. Persistently thin margins slow equity accumulation, constrain dividend or reinvestment capacity, and heighten sensitivity of returns on capital to operational or market setbacks.

Como Co., Ltd. Business Overview & Revenue Model

Company Description

Como Co.,Ltd. manufactures and sells breads using panettone seeds in Japan. It also provides bread and confectionery storage and sorting services, as well as delivery arrangement agency services. The company distributes its products through vending machines, supermarkets, convenience stores, and station shops, as well as expressway services and mail-order sales. Como Co.,Ltd. was incorporated in 1947 and is headquartered in Komaki, Japan.

How the Company Makes Money

Como Co., Ltd. generates revenue through multiple streams, primarily by offering customized software solutions and mobile applications tailored to client needs. The company charges clients for development projects based on project scope and complexity, leading to significant income from bespoke solutions. Additionally, Como Co. benefits from subscription services for software platforms, providing ongoing revenue through maintenance and support contracts. Strategic partnerships with other technology firms and industry stakeholders further bolster its earnings, enabling the company to expand its market reach and enhance its product offerings.

Como Co., Ltd. Financial Statement Overview

Summary

Como Co., Ltd. exhibits mixed financial performance with stable operational efficiency but declining revenues and profitability margins. The balance sheet shows strength in terms of leverage and equity position, while cash flow management poses challenges due to negative free cash flow.

Income Statement

Como Co., Ltd. has shown a decrease in revenue over the past year with a revenue decline of approximately 2.71% from 2024 to 2025. The gross profit margin has slightly decreased, and the net profit margin is relatively low at around 0.60% in 2025, indicating tight profitability margins. However, the company maintains a stable EBITDA margin, which suggests operational efficiency despite the decline in EBIT margin.

Balance Sheet

The company's debt-to-equity ratio has improved slightly, indicating a more favorable leverage position. Return on equity is moderate, reflecting consistent but not outstanding profitability relative to shareholder investment. The equity ratio shows a stable capital structure with equity financing constituting a significant portion of total assets.

Cash Flow

Free cash flow has significantly decreased due to higher capital expenditures, leading to negative free cash flow in 2025. The operating cash flow to net income ratio suggests reasonable cash generation from operations, but the negative free cash flow indicates challenges in funding growth and investments internally.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.04B	7.11B	7.31B	7.04B	6.51B	6.51B
Gross Profit	1.80B	1.85B	1.90B	1.96B	2.06B	2.28B
EBITDA	330.02M	394.02M	430.13M	404.00M	590.41M	757.05M
Net Income	256.00K	42.64M	42.04M	30.58M	141.02M	280.31M
Balance Sheet
Total Assets	4.68B	4.73B	5.31B	4.77B	4.72B	4.66B
Cash, Cash Equivalents and Short-Term Investments	250.00M	271.45M	657.81M	247.82M	228.52M	329.09M
Total Debt	1.48B	1.64B	1.72B	1.69B	1.80B	1.81B
Total Liabilities	2.68B	2.69B	3.29B	2.79B	2.75B	2.80B
Stockholders Equity	2.00B	2.04B	2.02B	1.98B	1.96B	1.86B
Cash Flow
Free Cash Flow	0.00	-261.54M	395.63M	197.16M	36.31M	98.68M
Operating Cash Flow	0.00	30.18M	720.62M	428.11M	407.59M	607.52M
Investing Cash Flow	0.00	-307.38M	-309.81M	-236.91M	-396.96M	-514.81M
Financing Cash Flow	0.00	-109.15M	-824.00K	-171.89M	-111.20M	-106.61M

Como Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3300.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2224, the sentiment is Positive. The current price of 3300 is below the 20-day moving average (MA) of 3795.25, below the 50-day MA of 3609.00, and below the 200-day MA of 3327.77, indicating a bullish trend. The MACD of 109.57 indicates Negative momentum. The RSI at 86.43 is Negative, neither overbought nor oversold. The STOCH value of 90.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2224.

Como Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3392	78 Outperform	¥14.40B	9.32	―	1.43%	10.77%	131.68%
2935	74 Outperform	¥15.37B	11.95	―	2.16%	1.28%	18.81%
2903	68 Neutral	¥22.12B	21.22	―	1.74%	7.66%	2.64%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2818	56 Neutral	¥12.35B	-179.68	―	1.38%	10.61%	-140.13%
2224	52 Neutral	¥13.90B	188.09	―	0.20%	-5.06%	-122.27%
2910	46 Neutral	¥37.70B	311.33	―	1.65%	-1.17%	-84.81%