Marudai Food Co., Ltd. (2288) AI Stock Analysis

• Market Cap: ¥48.08B
• Dividend Yield: 2.65%
• Average Volume (3M): 78.37K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.37
• Revenue Growth: 2.23%
• EPS Growth: N/A
• Country: JP
• Employees: 1,931
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 58.06
• Shares Outstanding: 26,505,580
• 10 Day Avg. Volume: 63,540
• 30 Day Avg. Volume: 78,366
• PEG Ratio: -0.05
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.18
• P/FCF Ratio: -157.38
• 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: 66 Neutral
• Price Target: ¥2,019.00 ▲(9.19% Upside)

Marudai Food Co., Ltd. shows strong revenue growth and a solid balance sheet, but faces challenges in profitability and cash flow management. The technical indicators suggest weak momentum, while the valuation appears attractive with a low P/E ratio and a decent dividend yield. The lack of earnings call and corporate events data limits further insights.

Marudai Food Co., Ltd. Business Overview & Revenue Model

Company Description

Marudai Food Co., Ltd. (2288) is a prominent player in the food manufacturing sector, specializing in the production and distribution of processed seafood products, including fish cakes, crab sticks, and other surimi-based items. The company operates within the broader food industry, catering to both domestic and international markets, and is known for its commitment to quality and innovation in food processing. Marudai also engages in various value-added food products that meet consumer demands for convenience and flavor.

How the Company Makes Money

Marudai Food Co., Ltd. generates revenue primarily through the production and sale of its processed seafood products. Key revenue streams include wholesale and retail sales of fish cakes and surimi products to supermarkets, restaurants, and food service companies. The company also benefits from strategic partnerships with distributors and retailers, enhancing its market reach and operational efficiency. Additionally, Marudai leverages its brand reputation and product quality to capture market share in both domestic and international markets, which contributes to its overall earnings.

Marudai Food Co., Ltd. Financial Statement Overview

Summary

Marudai Food Co., Ltd. demonstrates strong revenue growth and a solid balance sheet with manageable debt levels. However, profitability margins are modest, and cash flow management presents challenges, particularly in converting earnings into free cash flow. The company should focus on improving operational efficiencies and cash flow generation to enhance overall financial health.

Income Statement

Marudai Food Co., Ltd. shows strong revenue growth with a TTM increase of 44.8%, indicating robust sales performance. The gross profit margin is healthy at 15.8%, reflecting efficient production and pricing strategies. However, the net profit margin is relatively low at 2.3%, suggesting room for improvement in cost management or pricing strategies. The EBIT and EBITDA margins are modest, indicating moderate operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is 0.30, which is reasonable and suggests a balanced approach to leveraging. The return on equity is 8.3%, indicating effective use of shareholders' equity to generate profits. The equity ratio stands at 53.1%, showing a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

Operating cash flow is positive, but the free cash flow has seen a significant decline, with a negative growth rate of -1352.4% in the TTM. The operating cash flow to net income ratio is 0.13, indicating that cash generation from operations is not fully covering net income. The negative free cash flow to net income ratio suggests challenges in converting profits into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	236.02B	234.97B	228.81B	221.98B	218.61B	234.15B
Gross Profit	37.51B	37.10B	34.68B	30.48B	31.96B	49.46B
EBITDA	12.51B	12.04B	-1.94B	4.42B	7.94B	8.76B
Net Income	3.71B	5.49B	-9.41B	-4.99B	-376.00M	412.00M
Balance Sheet
Total Assets	125.99B	120.92B	121.82B	126.26B	128.90B	133.55B
Cash, Cash Equivalents and Short-Term Investments	9.06B	8.98B	9.67B	6.92B	7.99B	8.48B
Total Debt	19.08B	19.59B	21.64B	22.79B	20.67B	20.40B
Total Liabilities	58.23B	53.91B	59.07B	57.25B	53.41B	55.87B
Stockholders Equity	66.93B	66.20B	62.01B	68.33B	74.83B	77.07B
Cash Flow
Free Cash Flow	3.34B	-267.00M	5.14B	-2.65B	253.00M	2.25B
Operating Cash Flow	8.69B	5.40B	10.01B	2.91B	7.03B	7.67B
Investing Cash Flow	-4.98B	-2.88B	-4.88B	-4.52B	-5.69B	-5.39B
Financing Cash Flow	-2.79B	-3.20B	-2.38B	534.00M	-1.83B	-2.05B

Marudai Food Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1849.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2288, the sentiment is Positive. The current price of 1849 is below the 20-day moving average (MA) of 1884.95, below the 50-day MA of 1964.18, and above the 200-day MA of 1813.09, indicating a neutral trend. The MACD of -10.30 indicates Negative momentum. The RSI at 56.46 is Neutral, neither overbought nor oversold. The STOCH value of 42.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2288.

Marudai Food Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2811	67 Neutral	¥239.20B	19.70	―	2.12%	3.69%	-50.13%
2288	66 Neutral	¥48.08B	12.69	5.88%	2.65%	2.23%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2296	62 Neutral	¥288.92B	18.92	―	2.67%	6.54%	15.08%
2264	55 Neutral	¥293.61B	39.42	―	2.64%	2.97%	-46.46%
2607	46 Neutral	¥272.59B	336.57	―	1.64%	19.69%	-61.83%

Marudai Food Co., Ltd. Corporate Events

Marudai Food Revises Earnings Forecast Amid Market Challenges

Marudai Food Co., Ltd. has revised its earnings forecast for the first half of the fiscal year ending March 31, 2026, due to lower-than-expected sales of U.S. beef caused by high market prices, despite strong sales in processed foods. The company anticipates higher profitability than previously forecasted, attributed to steady processed food sales, reduced raw material costs, and improved profitability in the meat business through effective cost management. The full-year earnings forecast is under review and will be announced in November.

The most recent analyst rating on (JP:2288) stock is a Hold with a Yen2015.00 price target. To see the full list of analyst forecasts on Marudai Food Co., Ltd. stock, see the JP:2288 Stock Forecast page.

Marudai Food Implements Share-Based Remuneration System

Marudai Food Co., Ltd. announced its decision to dispose of 128,000 treasury shares as part of a performance-linked share-based remuneration system for its directors. This initiative aims to align directors’ interests with shareholder value, enhancing corporate performance and value over the medium to long term. The disposal, which accounts for a minor dilution of 0.48% of the total issued shares, is expected to have an insignificant impact on secondary markets.

The most recent analyst rating on (JP:2288) stock is a Hold with a Yen1913.00 price target. To see the full list of analyst forecasts on Marudai Food Co., Ltd. stock, see the JP:2288 Stock Forecast page.

Marudai Food Introduces Performance-Linked Share-Based Remuneration System

Marudai Food Co., Ltd. has announced the implementation of a performance-linked share-based remuneration system for its directors, excluding outside directors. This system, approved at the company’s 77th Ordinary General Meeting of Shareholders, involves the acquisition of 128,000 shares of common stock through the disposal of treasury shares, with a total fund allocation of 256,768,000 yen. This initiative is expected to align the interests of the directors with the company’s performance, potentially enhancing corporate governance and shareholder value.

The most recent analyst rating on (JP:2288) stock is a Hold with a Yen1913.00 price target. To see the full list of analyst forecasts on Marudai Food Co., Ltd. stock, see the JP:2288 Stock Forecast page.

Marudai Food Co., Ltd. Reports Q1 2025 Financial Results

Marudai Food Co., Ltd. reported its consolidated financial results for the three months ended June 30, 2025, showing a slight increase in net sales by 1.8% compared to the previous year. However, the profit attributable to owners of the parent decreased significantly by 55.6%, indicating challenges in maintaining profitability despite increased sales. The company forecasts a modest growth in net sales and operating profit for the fiscal year ending March 31, 2026, but expects a decline in profit attributable to owners of the parent, reflecting ongoing financial pressures.