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

• Market Cap: ¥13.01B
• Dividend Yield: 0.2%
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 26.2
• Beta (1Y): 0.21
• 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: 179.78
• 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: ¥3,782.00 ▲(14.61% 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

A modest improvement in debt-to-equity strengthens the company's balance sheet, lowering financial risk and interest burdens. Over months this enhances financial flexibility, supports access to credit for strategic investments, and reduces insolvency risk during industry slowdowns.

Operational efficiency (EBITDA)

A stable EBITDA margin indicates the core packaged-food operations control costs and scale-related efficiency. Sustained operational efficiency preserves cash generation capacity and competitiveness, enabling the company to protect gross profitability even if top-line pressure persists.

Operating cash generation

Reasonable operating cash conversion versus reported earnings shows the business can generate cash from core activities. This durability supports working-capital needs and short-term obligations, helping fund ongoing operations without immediate reliance on external financing if trends hold.

Negative Factors

Declining revenues

A continuing revenue decline erodes market scale and bargaining power in packaged foods. Over several months this can reduce fixed-cost absorption, limit reinvestment capacity, and signal competitive or demand pressures that risk long-term growth and market share recovery.

Negative free cash flow

Sustained negative free cash flow driven by elevated capex strains liquidity and forces reliance on external funding or asset adjustments. Over time this can constrain strategic initiatives, increase financing costs, and heighten vulnerability to economic shocks if cash generation doesn't improve.

Very low net margins

A sub-1% net margin leaves minimal buffer against input cost inflation or pricing pressure. Persistently thin margins reduce retained earnings for investment, amplify earnings volatility, and impair the company's ability to fund growth or return capital to shareholders over the medium term.

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

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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	7.05B	7.11B	7.31B	7.04B	6.51B	6.51B
Gross Profit	1.81B	1.85B	1.90B	1.96B	2.06B	2.28B
EBITDA	321.59M	382.73M	422.33M	389.21M	571.92M	746.91M
Net Income	-64.00K	42.64M	42.04M	30.58M	141.02M	280.31M
Balance Sheet
Total Assets	4.68B	4.74B	5.33B	4.77B	4.72B	4.66B
Cash, Cash Equivalents and Short-Term Investments	250.70M	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	2.70B	3.31B	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	404.97M	220.77M	84.45M	117.74M
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: Neutral
• 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 Neutral. The current price of 3300 is below the 20-day moving average (MA) of 3866.75, below the 50-day MA of 3726.70, and below the 200-day MA of 3378.70, indicating a neutral trend. The MACD of 5.66 indicates Positive momentum. The RSI at 44.05 is Neutral, neither overbought nor oversold. The STOCH value of 21.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	¥15.95B	12.33	―	1.43%	10.77%	131.68%
2935	74 Outperform	¥14.61B	24.48	―	2.16%	1.28%	18.81%
2903	68 Neutral	¥20.11B	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	¥12.46B	85.77	―	1.38%	10.61%	-140.13%
2224	52 Neutral	¥13.01B	26.20	―	0.20%	-5.06%	-122.27%
2910	46 Neutral	¥37.28B	21.75	―	1.65%	-1.17%	-84.81%