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Itoham Yonekyu Holdings, Inc.
(2296)
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Rating:63Neutral
Price Target:
¥5,282.00
▼(-5.68% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by weak cash generation (very low operating cash flow and materially negative free cash flow) despite improved earnings and a reasonably levered balance sheet. Technicals are mixed—near-term trend is better, but longer-term moving averages remain overhead. Valuation is a key support, driven by a moderate P/E and a high dividend yield.
Positive Factors
Conservative leverage
Low net leverage (debt-to-equity ~0.31) provides durable financial flexibility, reducing refinancing and interest-rate vulnerability. With weak cash conversion, conservative balance-sheet positioning preserves capacity to fund working capital, targeted capex or dividends over the next several months.
Negative Factors
Very weak cash generation
Material negative free cash flow and poor cash conversion versus reported earnings create a persistent funding gap. Over months this forces reliance on the balance sheet, constrains organic investment, increases refinancing risk and pressures the sustainability of dividends or buybacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low net leverage (debt-to-equity ~0.31) provides durable financial flexibility, reducing refinancing and interest-rate vulnerability. With weak cash conversion, conservative balance-sheet positioning preserves capacity to fund working capital, targeted capex or dividends over the next several months.
Read all positive factors
Itoham Yonekyu Holdings, Inc. (2296) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥260.03B
Dividend Yield6.52%
Average Volume (3M)128.23K
Price to Earnings (P/E)13.8
Beta (1Y)0.52
Revenue Growth8.35%
EPS Growth54.38%
CountryJP
Employees6,805
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)352.03
Shares Outstanding57,471,012
10 Day Avg. Volume104,320
30 Day Avg. Volume128,230
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.10
Price to Sales (P/S)0.30
P/FCF Ratio-34.15
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)329.28
Revenue Forecast (FY)¥1.07T
Itoham Yonekyu Holdings, Inc. Business Overview & Revenue Model
Company Description
Itoham Yonekyu Holdings Inc. is a Japanese food enterprise dedicated to the production and marketing of processed meats and convenience food items across Japan. Its diverse product line features ham, sausage, pizza, snacks, noodles, and a variety ...
How the Company Makes Money
The company makes money primarily by selling food products, with revenue driven by (1) processed meat products (e.g., ham, sausage, bacon and related chilled/frozen items) sold under its brands to supermarkets, mass retailers, and other consumer r...
Itoham Yonekyu Holdings, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06T | 1.07T | 988.77B | 955.58B | 922.68B | 854.37B |
| Gross Profit | 145.00B | 146.48B | 133.27B | 132.56B | 130.13B | 131.90B |
| EBITDA | 41.58B | 31.97B | 36.15B | 38.41B | 39.47B | 41.43B |
| Net Income | 19.98B | 20.23B | 13.10B | 15.55B | 16.98B | 19.12B |
Balance Sheet | ||||||
| Total Assets | 549.19B | 524.73B | 467.01B | 462.57B | 436.76B | 413.12B |
| Cash, Cash Equivalents and Short-Term Investments | 17.29B | 17.98B | 20.99B | 23.23B | 22.74B | 47.99B |
| Total Debt | 107.84B | 92.32B | 62.54B | 43.36B | 45.67B | 37.85B |
| Total Liabilities | 254.63B | 229.21B | 180.69B | 177.24B | 167.50B | 150.38B |
| Stockholders Equity | 293.88B | 294.81B | 285.61B | 284.69B | 268.69B | 262.14B |
Cash Flow | ||||||
| Free Cash Flow | -22.69B | -9.54B | -9.35B | 14.76B | -8.50B | 9.43B |
| Operating Cash Flow | 2.81B | 13.66B | 10.02B | 29.39B | 3.95B | 18.47B |
| Investing Cash Flow | -28.94B | -26.01B | -20.64B | -16.01B | -22.93B | -11.25B |
| Financing Cash Flow | 22.29B | 8.52B | 7.47B | -13.28B | -6.84B | -10.65B |
Itoham Yonekyu Holdings, Inc. Technical Analysis
Negative
5600.00
Price Trends
4808.00
Positive
5124.50
Negative
5405.96
Negative
Market Momentum
26.58
Positive
50.61
Neutral
17.19
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2296, the sentiment is Negative. The current price of 5600 is above the 20-day moving average (MA) of 4895.75, above the 50-day MA of 4808.00, and above the 200-day MA of 5405.96, indicating a neutral trend. The MACD of 26.58 indicates Positive momentum. The RSI at 50.61 is Neutral, neither overbought nor oversold. The STOCH value of 17.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2296.
Itoham Yonekyu Holdings, Inc. 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% | |
63 Neutral | ¥260.03B | 13.76 | ― | 2.61% | 8.35% | 54.38% | |
63 Neutral | ¥558.68B | 20.20 | 10.08% | 2.58% | 2.00% | 12.21% | |
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% | |
45 Neutral | ¥1.73B | 5.45 | ― | ― | -3.51% | ― | |
43 Neutral | ¥5.55B | -24.10 | ― | ― | -5.42% | 53.47% |
* Consumer Defensive Sector Average
JP:2296
Itoham Yonekyu Holdings, Inc.
4,890.00
-525.90
-9.71%
JP:2282
NH Foods
5,998.00
794.50
15.27%
JP:2871
Nichirei Corporation
2,206.50
577.83
35.48%
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Marudai Food Co., Ltd.
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236.42
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JP:2291
Fukutome Meat Packers,Ltd.
515.00
-585.00
-53.18%
JP:2293
Takizawa Ham Co., Ltd.
2,726.00
181.00
7.11%
Itoham Yonekyu Holdings, Inc. Corporate Events
Itoham Yonekyu Holds Profits Steady Despite Revenue Decline and Cost Pressures
Aug 3, 2026
Itoham Yonekyu Holdings reported consolidated first-quarter FY2026 revenue of JPY 281.1 billion, down 5.4% year on year, while ordinary profit was broadly flat at JPY 9.2 billion. Strong market conditions in the Meat Division, both in Japan and ov...
Itoham Yonekyu Q1 Profit Slips But Progressive Dividend Policy Intact
Aug 3, 2026
Itoham Yonekyu Holdings Inc., a major Japanese meat and processed foods producer listed on the Tokyo Stock Exchange, operates across the domestic food value chain from fresh meat to prepared products. The company pursues a shareholder-friendly cap...
Itoham Yonekyu Completes Treasury Stock Disposal for Restricted Share Plan
Jul 7, 2026
Itoham Yonekyu Holdings Inc. has completed the payment procedures for a disposal of treasury stock to implement its restricted stock compensation plan for management. The transaction involves 16,684 shares of common stock, priced at JPY 4,715 per ...
Itoham Yonekyu to Grant Long-Term Restricted Stock to Directors and Executives
Jun 19, 2026
Itoham Yonekyu Holdings has approved the disposal of 16,684 shares of its treasury stock as restricted stock, valued at about 78.7 million yen, to four internal directors and nine executive officers. The shares, priced at 4,715 yen each, will be a...
Itoham Yonekyu Details Ties and Transactions With Major Shareholder Mitsubishi
Jun 19, 2026
Itoham Yonekyu Holdings has disclosed details of its relationship with Mitsubishi Corporation, which holds 41.15% of its voting rights and treats the company as an equity-method affiliate. Mitsubishi supplies meat and raw materials, and one of Ito...
Itoham Yonekyu to Acquire New Zealand Meat Processor Greenlea via ANZCO
Jun 18, 2026
Itoham Yonekyu Holdings’ board has approved the acquisition of all shares in New Zealand-based Greenlea Group Limited through its consolidated subsidiary ANZCO Foods Limited. Greenlea, a meat processing, manufacturing and sales company, oper...
Itoham Yonekyu Sets Governance Measures to Protect Minority Shareholders
May 20, 2026
Itoham Yonekyu Holdings has set out a formal policy and detailed measures to protect minority shareholders in dealings with its controlling shareholder, Mitsubishi Corporation, which owns 41.15% of its voting rights. The company aims to bolster co...
Itoham Yonekyu Sets Large FY2026 Payout and Confirms Progressive Dividend Policy
May 20, 2026
Itoham Yonekyu Holdings’ board has approved a year-end dividend of JPY 75 per share for the fiscal year ended March 31, 2026, matching prior guidance and bringing the total annual payout to JPY 320 per share. This total includes an ordinary ...
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.