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Marudai Food Co., Ltd.
(2288)
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Rating:65Neutral
Price Target:
¥2,279.00
▲(2.70% Upside)
Action:Downgraded
Date:08/07/26
The score is driven primarily by improving fundamentals (profitability rebound and low leverage) but tempered by weak cash conversion (negative free cash flow) and bearish technical trend signals. Attractive valuation (low P/E and ~3% yield) provides meaningful support.
Positive Factors
Profitability rebound
A sustained revenue rebound and return to positive margins indicate the core processed-meat business regained demand or pricing power. That recovery supports operating leverage, improves reinvestment capacity and reduces insolvency risk, bolstering durability over upcoming quarters.
Negative Factors
Negative free cash flow
Negative FCF despite operating profit implies cash generation lags reported earnings, driven by higher capex or working-capital needs. Persistently weak cash conversion can constrain reinvestment, dividend sustainability or force external funding, reducing financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
A sustained revenue rebound and return to positive margins indicate the core processed-meat business regained demand or pricing power. That recovery supports operating leverage, improves reinvestment capacity and reduces insolvency risk, bolstering durability over upcoming quarters.
Read all positive factors
Marudai Food Co., Ltd. (2288) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥57.88B
Dividend Yield3.05%
Average Volume (3M)71.19K
Price to Earnings (P/E)5.7
Beta (1Y)0.42
Revenue Growth1.46%
EPS Growth80.78%
CountryJP
Employees1,928
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)383.93
Shares Outstanding26,505,580
10 Day Avg. Volume102,620
30 Day Avg. Volume71,193
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.73
Price to Sales (P/S)0.23
P/FCF Ratio16.10
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)N/A
Revenue Forecast (FY)N/A
Marudai Food Co., Ltd. Business Overview & Revenue Model
Company Description
Founded in 1950 and headquartered in Takatsuki, Japan, Marudai Food Co., Ltd. is engaged in the manufacturing and distribution of a diverse array of food products, catering to both Japanese and international markets. The company's core offerings i...
How the Company Makes Money
Marudai Food Co., Ltd. makes money primarily by manufacturing and selling processed meat products. Revenue is generated through the sale of branded and/or private-label items (e.g., ham, sausages, and other packaged meat/processed foods) distribut...
Marudai Food Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 239.54B | 238.40B | 234.97B | 228.81B | 221.98B | 218.61B |
| Gross Profit | 39.25B | 39.55B | 37.10B | 34.68B | 30.48B | 31.96B |
| EBITDA | 12.07B | 12.42B | 12.04B | -1.94B | 4.42B | 7.94B |
| Net Income | 9.38B | 9.79B | 5.49B | -9.41B | -4.99B | -376.00M |
Balance Sheet | ||||||
| Total Assets | 127.36B | 124.64B | 120.92B | 121.82B | 126.26B | 128.90B |
| Cash, Cash Equivalents and Short-Term Investments | 8.38B | 9.80B | 8.98B | 9.67B | 6.92B | 7.99B |
| Total Debt | 14.88B | 11.45B | 19.59B | 21.64B | 22.79B | 20.67B |
| Total Liabilities | 52.41B | 47.67B | 53.91B | 59.07B | 57.24B | 53.41B |
| Stockholders Equity | 74.11B | 76.12B | 66.20B | 62.01B | 68.33B | 74.83B |
Cash Flow | ||||||
| Free Cash Flow | -1.09B | 3.46B | -267.00M | 5.14B | -2.65B | 253.00M |
| Operating Cash Flow | 6.25B | 10.54B | 5.40B | 10.01B | 2.91B | 7.03B |
| Investing Cash Flow | 185.00M | 367.00M | -2.88B | -4.88B | -4.52B | -5.69B |
| Financing Cash Flow | -7.12B | -10.09B | -3.20B | -2.38B | 534.00M | -1.83B |
Marudai Food Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥57.88B | 5.74 | 13.60% | 2.27% | 1.46% | 80.78% | |
65 Neutral | ¥383.74B | 13.98 | 9.75% | 2.56% | 5.09% | 10.48% | |
63 Neutral | ¥558.68B | 20.20 | 10.08% | 2.58% | 2.00% | 12.21% | |
63 Neutral | ¥260.03B | 13.76 | ― | 2.61% | 8.35% | 54.38% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | ¥584.64B | 17.31 | 6.59% | 2.04% | 6.34% | 37.80% | |
51 Neutral | ¥14.03B | 29.96 | ― | 1.61% | 2.00% | -44.01% |
* Consumer Defensive Sector Average
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Marudai Food Co., Ltd. Corporate Events
Marudai Food Profit Falls on Higher Treasury Stock, Keeps Outlook and Hikes Dividend
Aug 6, 2026
Marudai Food reported consolidated net sales of ¥60.5 billion for the quarter ended June 30, 2026, up 1.9% year on year, while operating profit fell 33.4% to ¥1.34 billion and profit attributable to owners declined 28.5% to ¥1.02 bi...
Marudai Food Launches Restricted Stock Incentive for Employee Ownership
Jul 27, 2026
Marudai Food Co., Ltd. has resolved to dispose of 63,300 shares of its treasury stock as restricted stock to the Marudai Foods Employee Stock Ownership Association at a price of 2,281 yen per share, via third-party allotment. The total transaction...
Marudai Food Nears Completion of ¥1.3 Billion Share Buyback Program
Jul 7, 2026
Marudai Food Co., Ltd. has reported the completion of a recent tranche of its share buyback program, acquiring 36,800 shares of common stock on the Tokyo Stock Exchange between July 1 and July 6, 2026 for a total of ¥83,213,400. This activity...
Marudai Food Advances Share Buyback, Repurchases Over 500,000 Shares
Jul 1, 2026
Marudai Food Co., Ltd. reported progress on its share buyback program, disclosing that it acquired 132,900 shares of its common stock for approximately 293 million yen between June 1 and June 30, 2026 through market purchases on the Tokyo Stock Ex...
Marudai Food Introduces Performance-Linked Share-Based Pay for Executive Employees
Jun 26, 2026
Marudai Food Co., Ltd. has approved the introduction of a performance-linked, share-based remuneration system for certain employee executive officers, using a trust structure. The scheme is designed to align employees’ interests with busines...
Marudai Food Progresses Aggressive Share Buyback Program
Jun 1, 2026
Marudai Food has disclosed the progress of its ongoing share buyback program authorized by its board in February 2026 under Japan’s Companies Act. Between May 1 and May 31, the company repurchased 102,300 common shares on the Tokyo Stock Exc...
Marudai Food to Add Interim Dividends Through Charter Revision
May 14, 2026
Marudai Food Co., Ltd. plans to introduce an interim dividend system in addition to its existing year-end dividend, aiming to expand opportunities to return profits to shareholders. The board has resolved to submit this change, including setting S...
Marudai Food Delivers Strong Profit Growth and Raises Dividend as Equity Base Strengthens
May 14, 2026
Marudai Food reported consolidated net sales of ¥238.4 billion for the year ended March 31, 2026, up 1.5% year on year, with operating profit jumping 37.2% to ¥7.5 billion and profit attributable to owners of parent surging 78.3% to ...
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.