SAN-A CO (2659) AI Stock Analysis

• Market Cap: ¥186.24B
• Dividend Yield: 2.7%
• Average Volume (3M): 145.24K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.34
• Revenue Growth: 2.28%
• EPS Growth: 3.61%
• Country: JP
• Employees: 1,782
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 35.78
• Shares Outstanding: 63,963,306
• 10 Day Avg. Volume: 182,210
• 30 Day Avg. Volume: 145,240
• PEG Ratio: 2.21
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 20.98
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥3,318.00 ▲(12.02% Upside)

SAN-A CO's strong financial performance is the most significant factor driving its stock score, supported by a solid balance sheet and healthy cash flow. The valuation is attractive with a reasonable P/E ratio and a good dividend yield. However, technical analysis indicates a lack of upward momentum, which slightly offsets the overall positive outlook.

SAN-A CO Business Overview & Revenue Model

Company Description

SAN-A CO (2659) is a prominent company based in Japan, primarily engaged in the manufacturing and distribution of high-quality food products, including processed foods, frozen foods, and condiments. The company operates in various sectors, including food service, retail, and food processing, providing a wide range of products that cater to both domestic and international markets. SAN-A CO emphasizes innovation and quality in its offerings, ensuring compliance with safety standards and customer preferences.

How the Company Makes Money

SAN-A CO generates revenue through multiple streams, primarily by selling its diverse food products to various sectors, including supermarkets, restaurants, and food service providers. The company's revenue model is built on direct sales of its products, as well as partnerships with distributors and retailers that expand its market reach. Additionally, SAN-A CO may engage in private label manufacturing for other brands, providing an additional source of income. Key partnerships with local and international suppliers also enhance its supply chain efficiency, contributing to cost savings and improved margins, thus positively impacting the overall earnings of the company.

SAN-A CO Financial Statement Overview

Summary

SAN-A CO demonstrates strong financial performance with consistent revenue growth, stable gross profit margins, and improved net profit margins. The balance sheet is robust with a high equity ratio and low debt, while cash flow remains healthy despite a decrease in free cash flow.

Income Statement

SAN-A CO demonstrates strong financial performance in the income statement. The company shows consistent revenue growth, with the latest annual revenue increasing by 4.2% compared to the previous year. Gross profit margin has remained stable at approximately 34.2%, indicating effective cost management. The net profit margin has improved to 4.8%, reflecting enhanced profitability. Both EBIT and EBITDA margins have shown steady growth, with the latest figures at 7.1% and 10.0% respectively, suggesting efficient operational management.

Balance Sheet

The balance sheet of SAN-A CO is robust, with a high equity ratio of 78.7%, signifying a strong capital structure. The debt-to-equity ratio is extremely low at 0.2% due to minimal total debt, indicating low leverage risk. Return on equity has improved to 7.6%, driven by increased net income and solid shareholder value creation. The company maintains substantial cash reserves, enhancing its financial flexibility and stability.

Cash Flow

SAN-A CO's cash flow position is healthy, with a strong operating cash flow to net income ratio of 1.3, indicating efficient cash generation relative to earnings. Although free cash flow decreased by 51.0% in the recent year, it remains positive at 8.9 billion, ensuring sufficient liquidity for operations and investments. Free cash flow to net income ratio is favorable at 0.8, supporting ongoing growth and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	243.41B	237.16B	227.58B	213.52B	204.35B	202.76B
Gross Profit	89.92B	81.14B	84.11B	77.59B	73.04B	72.36B
EBITDA	23.18B	23.70B	22.72B	18.72B	17.31B	17.06B
Net Income	11.41B	11.47B	10.68B	7.57B	6.66B	6.07B
Balance Sheet
Total Assets	211.77B	191.22B	186.70B	172.30B	165.55B	174.57B
Cash, Cash Equivalents and Short-Term Investments	74.01B	59.84B	54.85B	39.30B	31.59B	40.12B
Total Debt	3.77B	277.00M	289.00M	302.00M	314.00M	327.00M
Total Liabilities	56.16B	36.67B	40.55B	34.90B	33.84B	43.44B
Stockholders Equity	151.52B	150.51B	142.40B	134.01B	128.53B	127.89B
Cash Flow
Free Cash Flow	0.00	8.87B	18.11B	9.81B	-2.14B	13.39B
Operating Cash Flow	0.00	14.98B	21.18B	14.74B	4.08B	19.69B
Investing Cash Flow	0.00	-6.20B	-3.13B	-5.07B	-6.34B	-6.43B
Financing Cash Flow	0.00	-3.79B	-2.51B	-1.96B	-6.27B	-2.13B

SAN-A CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2962.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2659, the sentiment is Positive. The current price of 2962 is above the 20-day moving average (MA) of 2882.30, above the 50-day MA of 2789.06, and above the 200-day MA of 2895.78, indicating a bullish trend. The MACD of 40.51 indicates Negative momentum. The RSI at 63.61 is Neutral, neither overbought nor oversold. The STOCH value of 82.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2659.

SAN-A CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9956	79 Outperform	¥183.66B	11.85	―	2.16%	6.30%	27.88%
2659	73 Outperform	¥186.24B	16.05	7.56%	2.70%	2.28%	3.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8278	61 Neutral	¥180.65B	45.85	―	1.44%	1.48%	-33.32%
8273	59 Neutral	¥216.22B	18.15	―	2.98%	18.89%	-34.43%
7512	55 Neutral	¥125.57B	39.46	―	1.77%	8.65%	-45.94%
3222	53 Neutral	¥175.64B	116.71	―	1.78%	30.67%	―

SAN-A CO Corporate Events

SAN-A CO., LTD. Reports Mixed Financial Results for First Half of 2025

SAN-A CO., LTD. reported its consolidated financial results for the six months ended August 31, 2025, showing a slight increase in operating revenue by 1.3% compared to the previous year. However, there were declines in operating profit, ordinary profit, and profit attributable to owners of the parent. Despite these challenges, the company maintains a strong equity-to-asset ratio and plans to increase its annual dividend per share for the fiscal year ending February 28, 2026, indicating a commitment to shareholder returns.