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

• Market Cap: ¥13.36B
• Dividend Yield: 0.2%
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 26.2
• Beta (1Y): 0.19
• 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: ¥3,919.00 ▲(18.76% 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

Balance-sheet strength

Improved debt-to-equity and a high equity ratio indicate a more conservative capital structure. This creates durable financial flexibility, lowers refinancing risk, and supports capacity to absorb shocks or fund strategic initiatives without immediate reliance on volatile external markets.

Operational efficiency (EBITDA)

A stable EBITDA margin signals disciplined cost management and core operating leverage. Over the medium term, that efficiency helps protect cash flow generation and competitiveness even if top-line growth is weak, enabling sustained investment in key processes.

Reasonable operating cash generation

Despite negative free cash flow, operating cash flow relative to net income shows the business still converts profits into cash. Persistent positive operating cash generation underpins working capital needs and reduces reliance on external financing for routine operations.

Negative Factors

Revenue decline

Sustained revenue contraction weakens scale economics and may indicate market share loss or declining product demand. Over several quarters this reduces pricing power, limits reinvestment capacity, and pressures long-term growth prospects absent a credible turnaround plan.

Negative free cash flow

Negative free cash flow driven by elevated capex limits the firm's ability to self-fund growth or returns. If persistent, it increases dependency on external financing, strains liquidity buffers, and could force cuts to discretionary spending or higher leverage over the medium term.

Weak net profitability

Very low net margins and sharply falling EPS reflect limited pricing power and/or cost pressures. This erodes retained earnings accumulation, reduces resilience to adverse shocks, and constrains the company's ability to invest in growth or return capital to shareholders sustainably.

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: Positive
• RSI: Neutral
• STOCH: Neutral

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 3857.50, below the 50-day MA of 3659.70, and below the 200-day MA of 3347.65, indicating a bullish trend. The MACD of 78.48 indicates Positive momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 48.54 is Neutral, 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	¥13.25B	12.33	―	1.43%	10.77%	131.68%
2935	74 Outperform	¥14.87B	24.48	―	2.16%	1.28%	18.81%
2903	68 Neutral	¥20.66B	10.62	―	1.74%	7.66%	2.64%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2818	56 Neutral	¥12.43B	85.77	―	1.38%	10.61%	-140.13%
2224	52 Neutral	¥13.36B	26.20	―	0.20%	-5.06%	-122.27%
2910	46 Neutral	¥37.89B	21.75	―	1.65%	-1.17%	-84.81%