Takizawa Ham Co., Ltd. (2293) AI Stock Analysis

• Market Cap: ¥6.17B
• Dividend Yield: N/A
• Average Volume (3M): 1.03K
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.21
• Revenue Growth: -3.27%
• EPS Growth: -108.33%
• Country: JP
• Employees: 321
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 143.20
• Shares Outstanding: 2,102,000
• 10 Day Avg. Volume: 1,860
• 30 Day Avg. Volume: 1,026
• PEG Ratio: 0.02
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.21
• P/FCF Ratio: -21.93
• 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: 47 Neutral
• Price Target: ¥2,960.00 ▲(6.17% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

The overall stock score reflects significant financial challenges, including declining revenues and negative profitability, which are the most impactful factors. Technical analysis shows a neutral trend with some bearish signals, while valuation concerns are highlighted by a negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Distribution Reach

Established retail and commercial distribution in Japan provides durable market access and reduces dependency on a single channel. Persistent shelf presence supports steady order flows, helps maintain brand visibility, and enables faster roll-out of new SKUs or premium lines over the next several months.

Product Mix Flexibility

Ability to manage product mix between commodity items and higher-margin branded/premium products offers structural pricing flexibility. This supports margin improvement potential during raw-material cost swings and allows strategic emphasis on premium segments to rebuild profitability over a multi-month horizon.

Moderate Balance Sheet Stability

Despite leverage, a moderate equity ratio and characterization of 'moderate stability' imply some asset cushion and financing headroom. That stability can provide time for operational fixes, debt restructuring or targeted investment without immediate solvency pressure, supporting a multi-month turnaround plan.

Negative Factors

Declining Revenue

Negative revenue growth indicates weakening demand or loss of competitive position. Persistent top-line declines erode economies of scale, reduce bargaining leverage with retailers, and constrain reinvestment capacity, making operational recovery and margin improvement more difficult over several months.

Negative Profitability Margins

Sustained negative net, EBIT and EBITDA margins show operations are not currently covering fixed costs or capital charge. This undermines the ability to self-fund growth, earnings recovery, or meet debt servicing requirements, creating structural pressure until margins are restored.

Weak Cash Generation

Negative free cash flow and low operating cash conversion create liquidity strain and increase reliance on external financing. Over 2-6 months this limits flexibility to invest, restructure, or absorb input-cost shocks and raises risk of covenant pressure or higher borrowing costs.

Takizawa Ham Co., Ltd. Business Overview & Revenue Model

Company Description

Takizawa Ham Co., Ltd. manufactures and sells processed meat products in Japan. The company offers roast beef, hamburger, meat side dishes, and ham and sausages. It is involved in the fattening and processing of beef and pork, as well as develops and operates meat shops. In addition, the company manufactures and sells retort and prepared foods. The company was formerly known as Takizawa Takashi Shoten Co., Ltd. and changed its name to Takizawa Ham Co., Ltd. in 1966. Takizawa Ham Co., Ltd. was founded in 1918 and is based in Tochigi, Japan.

How the Company Makes Money

Takizawa Ham generates revenue primarily by selling processed meat products (e.g., ham, sausages, and related prepared/packaged items) to customers in Japan. Its earnings are driven by (1) product sales volumes across its portfolio, (2) pricing and product mix (e.g., higher-margin branded or premium items versus commodity-like products), and (3) distribution reach through channels such as retailers and other commercial buyers. Key profitability factors typically include raw material and livestock-related input costs, manufacturing and logistics efficiency, and the company’s ability to maintain brand value and stable demand. null

Takizawa Ham Co., Ltd. Financial Statement Overview

Summary

Takizawa Ham Co., Ltd. faces a challenging financial landscape with declining revenues, negative profitability margins, and high leverage. The company must address operational inefficiencies and improve its cash flow generation to stabilize its financial position. While there are significant risks related to its current financial trajectory, strategic management interventions could potentially reverse these trends and improve overall financial health.

Income Statement

The company has faced declining revenue over recent years with a negative revenue growth rate, indicating potential challenges in market demand or competitiveness. Gross profit margin has decreased, and net profit margin is negative, reflecting operational inefficiencies or pricing pressures. The negative EBIT and EBITDA margins further highlight profitability challenges. Overall, the income statement reveals a weak position with significant room for improvement.

Balance Sheet

The debt-to-equity ratio is relatively high, suggesting significant leverage and potential financial risk if earnings do not improve. Despite this, the equity ratio remains moderate, indicating a reasonable proportion of assets financed by equity. Return on equity is negative, pointing to poor returns on shareholders’ investments. The balance sheet shows moderate stability, but high leverage could pose risks if earnings continue to decline.

Cash Flow

Free cash flow has been negative, indicating challenges in generating cash from operations after capital expenditures. The operating cash flow to net income ratio is low, highlighting inefficient cash generation relative to earnings. The cash flow statement suggests liquidity issues and potential constraints in funding operations or debt obligations, necessitating strategic efforts to enhance cash generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	27.79B	28.09B	28.21B	29.46B	29.48B	30.40B
Gross Profit	3.59B	3.74B	4.33B	3.99B	4.31B	5.10B
EBITDA	49.64M	152.39M	791.47M	514.49M	873.81M	788.31M
Net Income	-601.97M	-495.22M	123.81M	-191.04M	174.79M	55.08M
Balance Sheet
Total Assets	12.87B	12.47B	13.67B	12.80B	13.56B	13.61B
Cash, Cash Equivalents and Short-Term Investments	1.82B	1.41B	1.99B	1.93B	2.36B	1.96B
Total Debt	5.34B	4.96B	4.92B	5.18B	5.64B	5.71B
Total Liabilities	9.37B	8.99B	9.66B	9.15B	9.72B	9.90B
Stockholders Equity	3.50B	3.48B	4.01B	3.66B	3.84B	3.71B
Cash Flow
Free Cash Flow	0.00	-267.69M	669.80M	199.70M	747.80M	400.51M
Operating Cash Flow	0.00	3.15M	796.74M	281.88M	962.66M	615.70M
Investing Cash Flow	0.00	-496.94M	-254.96M	12.18M	-138.03M	-234.92M
Financing Cash Flow	0.00	-190.49M	-477.89M	-729.86M	-421.78M	-257.17M

Takizawa Ham Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2788.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2293, the sentiment is Positive. The current price of 2788 is below the 20-day moving average (MA) of 2994.60, below the 50-day MA of 2942.36, and above the 200-day MA of 2693.84, indicating a bullish trend. The MACD of 22.65 indicates Positive momentum. The RSI at 56.60 is Neutral, neither overbought nor oversold. The STOCH value of 85.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2293.

Takizawa Ham Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2288	67 Neutral	¥57.40B	7.19	6.48%	2.27%	1.46%	―
2296	64 Neutral	¥317.55B	12.27	―	2.61%	6.54%	15.08%
2282	63 Neutral	¥669.36B	15.19	6.04%	2.04%	5.55%	27.03%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2904	59 Neutral	¥14.01B	4.68	―	1.61%	0.48%	-34.95%
2293	47 Neutral	¥6.17B	4.87	―	―	-3.27%	-108.33%
2291	37 Underperform	¥2.07B	5.43	―	―	-2.97%	-6.82%