Fujio Food Group, Inc. (2752) AI Stock Analysis

• Market Cap: ¥55.06B
• Dividend Yield: 0.17%
• Average Volume (3M): 126.61K
• Price to Earnings (P/E): 646.4
• Beta (1Y): 0.27
• Revenue Growth: 2.74%
• EPS Growth: N/A
• Country: JP
• Employees: 452
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.64
• Shares Outstanding: 51,267,536
• 10 Day Avg. Volume: 139,170
• 30 Day Avg. Volume: 126,613
• PEG Ratio: -7.84
• Price to Book (P/B): 6.70
• Price to Sales (P/S): 1.82
• P/FCF Ratio: -469.17
• 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): 8.2
• Revenue Forecast (FY): ¥33.85B

• Rating: 44 Neutral
• Price Target: ¥1,034.00 ▼(-8.90% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is weighed down primarily by very weak valuation (P/E ~610) and a bearish technical setup (below major moving averages with negative MACD). Financials show revenue recovery and strong gross margins, but thin profits, leverage, and inconsistent free cash flow limit the overall outlook.

Positive Factors

Revenue recovery & gross margins

Revenue growth from 2022–2025 alongside sustained ~62–65% gross margins indicates durable unit economics at the store level. Strong gross margins suggest pricing power and effective cost control, which supports EBITDA resilience and a structural cushion against modest traffic fluctuations.

Multi-brand restaurant model

Operating multiple proprietary brands and formats provides diversification across customer segments and meal occasions. This structural business model enables menu and format optimization, centralized purchasing scale, and franchise or roll-out options that can steadily improve returns over time if execution stays consistent.

Positive operating cash flow recently

Sustained positive operating cash flow in recent years shows core operations generate cash, supporting reinvestment and debt servicing. While cash generation is uneven, continued OCF provides a foundation for remodeling, targeted expansion or working-capital needs without relying solely on new financing.

Negative Factors

Thin, volatile profitability

An almost zero net margin leaves minimal buffer for cost inflation or traffic declines and makes profits fragile. Historical volatility and prior losses mean earnings are not yet reliably sustainable; this constrains ability to accumulate reserves and undermines long-term return prospects for equity holders.

Elevated leverage vs peers

Debt roughly equal to equity increases interest and refinancing exposure for a sector sensitive to cyclical traffic. Elevated leverage reduces strategic flexibility, raises the cost of incremental capital, and heightens risk if cash flows deteriorate, making sustained investment or aggressive expansion more hazardous.

Inconsistent cash conversion; negative FCF

A swing to negative free cash flow despite revenue recovery signals working-capital pressure or higher reinvestment needs. Inconsistent conversion from earnings to free cash limits deleveraging, dividend capacity, and self-funded growth, increasing execution and refinancing risk over the medium term.

Fujio Food Group, Inc. Business Overview & Revenue Model

Company Description

Fujio Food Group Inc. operates restaurant chains in Japan and internationally. The company is involved in the management of restaurants and franchise chains. It operates restaurants under the MaidoOokiniShokudo, KushiyaMonogatari, Kappougi, and Tsurumaru brands, as well as other sub-brands. Fujio Food Group Inc. was founded in 1979 and is headquartered in Osaka, Japan.

How the Company Makes Money

Fujio Food Group, Inc. generates revenue through multiple streams, primarily driven by its restaurant operations. The company earns income by providing dining experiences in its own branded restaurants, which include both franchised and directly operated locations. These establishments cater to different customer segments, offering diverse menu options ranging from affordable everyday meals to more specialized culinary experiences. Furthermore, Fujio Food Group also engages in the manufacturing and distribution of food products, which are sold to other businesses, including retailers and foodservice operators. This diversification allows the company to capitalize on various consumer preferences and market opportunities. Strategic partnerships and collaborations with domestic and international entities also play a role in the company's revenue generation, enhancing its market presence and operational efficiency.

Fujio Food Group, Inc. Financial Statement Overview

Summary

Revenue has recovered and gross margins are strong, but profitability remains thin and volatile (net margin ~0.3% in 2025) with meaningful leverage (debt-to-equity ~1.0–1.25) and uneven cash generation, including slightly negative free cash flow in 2025.

Income Statement

Revenue has recovered and grown steadily from 2022 to 2025 (2025 revenue up ~1.3% YoY), and gross margins remain strong (~62–65%), which suggests decent pricing power and cost control at the store level. However, profitability is still fragile: net margin fell sharply in 2025 (~0.3%) from 2024 (~1.5%), and earnings have been volatile with losses as recently as 2022–2023. EBIT and EBITDA margins are positive in 2024–2025 but remain thin, leaving limited cushion if costs rise or demand softens.

Balance Sheet

Leverage remains a key constraint. While the debt-to-equity profile has improved materially versus 2022–2023 (when equity was very low and leverage extremely high), 2024–2025 still show debt roughly at parity with equity (debt-to-equity ~1.0–1.25), which is meaningful for a restaurant operator with cyclical traffic risk. Return on equity is positive but low in 2025 (~1.0%) after a better 2024 (~5.4%), indicating limited profitability relative to the capital base and a balance sheet that is not yet a clear strength.

Cash Flow

Cash generation has been uneven. Operating cash flow stayed positive in 2024–2025, but it dropped materially in 2025 (to ~¥0.98B from ~¥2.15B), and free cash flow turned slightly negative in 2025 after being solidly positive in 2024. This suggests reinvestment and/or working-capital needs pressured cash, and the business is not consistently converting earnings into surplus cash, which raises execution risk in a higher-leverage setup.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.54B	31.93B	31.32B	29.76B	26.53B	25.45B
Gross Profit	20.50B	19.97B	19.70B	18.52B	16.02B	14.71B
EBITDA	1.41B	1.36B	1.87B	1.21B	-829.00M	-1.99B
Net Income	79.00M	90.00M	459.00M	-706.00M	-3.40B	-489.00M
Balance Sheet
Total Assets	27.08B	24.43B	26.31B	20.29B	21.53B	26.81B
Cash, Cash Equivalents and Short-Term Investments	12.88B	7.98B	12.74B	6.38B	5.77B	8.07B
Total Debt	11.88B	8.83B	10.73B	12.31B	14.39B	16.75B
Total Liabilities	18.53B	15.74B	17.73B	18.85B	20.94B	22.88B
Stockholders Equity	8.55B	8.68B	8.57B	1.43B	580.00M	3.92B
Cash Flow
Free Cash Flow	0.00	-124.00M	1.31B	913.00M	55.00M	2.31B
Operating Cash Flow	0.00	980.00M	2.15B	1.74B	824.00M	3.01B
Investing Cash Flow	0.00	-3.77B	-732.00M	-587.00M	-807.00M	264.00M
Financing Cash Flow	0.00	-2.01B	4.89B	-753.00M	-2.33B	2.34B

Fujio Food Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1135.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2752, the sentiment is Negative. The current price of 1135 is above the 20-day moving average (MA) of 1071.25, above the 50-day MA of 1075.68, and above the 200-day MA of 1131.74, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 68.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2752.

Fujio Food Group, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9828	72 Outperform	¥51.27B	11.04	―	2.41%	6.49%	4.27%
9900	67 Neutral	¥53.81B	62.36	―	0.53%	13.01%	33.56%
2705	66 Neutral	¥50.61B	39.57	―	0.17%	15.53%	-26.93%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3198	60 Neutral	¥49.16B	74.59	―	1.30%	2.90%	-26.37%
8200	59 Neutral	¥56.31B	52.27	―	0.56%	7.52%	3.37%
2752	44 Neutral	¥55.06B	646.41	―	0.17%	2.74%	―

Fujio Food Group, Inc. Corporate Events

Fujio Food Group Profits Slide Despite Modest Sales Gain and Higher Dividend

Fujio Food Group reported modest net sales growth of 1.9% to ¥31.9 billion for the fiscal year ended December 31, 2025, but saw sharp declines in profitability, with operating profit down 40.4% and profit attributable to owners of parent plunging 80.3% to ¥90 million. Despite weaker earnings and a significant drop in operating and financing cash flows, the company slightly improved its equity ratio and raised its annual dividend from ¥2.00 to ¥3.00 per share, signaling a continued focus on shareholder returns.

For 2026, the group forecasts net sales growth of 2.3% to ¥32.7 billion while projecting further declines in operating and ordinary profit, even as profit attributable to owners of parent is expected to recover 22.3% to ¥110 million. The guidance suggests ongoing top-line resilience but sustained margin pressure, indicating a challenging operating environment for the restaurant operator as it balances investment, profitability, and dividend commitments.

The most recent analyst rating on (JP:2752) stock is a Hold with a Yen1132.00 price target. To see the full list of analyst forecasts on Fujio Food Group, Inc. stock, see the JP:2752 Stock Forecast page.

Fujio Food Group to Expand Board and Revamp Audit Structure Ahead of 2026 Shareholders Meeting

Fujio Food Group has announced that its board will seek shareholder approval at the March 27, 2026 ordinary general meeting to expand its board of directors from nine to eleven members, adding two new director candidates while reappointing existing leadership. The move, which includes promoting key executives in corporate planning and group sales, appears aimed at strengthening governance and operational oversight as the company navigates its next phase of growth.

The company also plans to refresh its audit structure by proposing two auditors, one newly appointed and one reappointed, with a change in the allocation between full-time and part-time roles. These personnel changes suggest a tightening of internal controls and a more specialized management structure, signaling to stakeholders a focus on reinforcing both strategic direction and compliance frameworks within the group.

The most recent analyst rating on (JP:2752) stock is a Hold with a Yen1132.00 price target. To see the full list of analyst forecasts on Fujio Food Group, Inc. stock, see the JP:2752 Stock Forecast page.

Fujio Food Group to Expand Board Capacity with Articles of Incorporation Amendment

Fujio Food Group has announced that its board of directors has approved a proposal to partially amend the Articles of Incorporation, to be submitted to shareholders at the 27th Ordinary General Meeting on March 27, 2026. The core change is an increase in the maximum number of directors from 10 to 12, effective the same day, aimed at strengthening the company’s management structure and potentially enhancing governance capacity as it navigates its strategic and operational priorities.

By expanding the board size, Fujio Food Group signals an intention to bring in additional expertise or oversight at the top level, which may support more robust decision-making in a competitive food service market. The move could allow for a broader mix of skills and perspectives among directors, with implications for stakeholders ranging from investors to employees as the company adjusts its governance framework to better support future growth and organizational resilience.

The most recent analyst rating on (JP:2752) stock is a Hold with a Yen1132.00 price target. To see the full list of analyst forecasts on Fujio Food Group, Inc. stock, see the JP:2752 Stock Forecast page.

Fujio Food Group Lifts Year-End Dividend as Earnings Improve

Fujio Food Group Inc. has resolved to distribute a year-end dividend of ¥3.00 per share for the fiscal year ending December 31, 2025, up from ¥2.00 in the previous fiscal year. The total planned payout is ¥153 million, sourced from retained earnings, with an effective date of March 30, 2026, subject to approval at the March 27, 2026 shareholders meeting.

Management said the dividend decision reflects its policy of flexibly returning profits in line with business performance while continuing to strengthen internal reserves for future growth investments. The higher payout signals an improvement in earnings and financial stability, offering a modest uplift for shareholders and suggesting confidence in the company’s medium-term outlook.

The most recent analyst rating on (JP:2752) stock is a Hold with a Yen1132.00 price target. To see the full list of analyst forecasts on Fujio Food Group, Inc. stock, see the JP:2752 Stock Forecast page.

Fujio Food Group Beats Profit Forecast but Books Impairment Charges

Fujio Food Group reported full-year 2025 results that modestly missed its net sales forecast but surpassed profit projections, as operating and ordinary profits came in above earlier guidance despite slightly lower revenue. Profit attributable to owners of parent nearly doubled versus the forecast, though it remained sharply below the prior year, reflecting both margin improvement and ongoing earnings pressure.

Management attributed the stronger profits to better cost control, with both the cost-of-sales ratio and SG&A ratio reaching more appropriate levels, aided by the closure of unprofitable outlets. At the same time, the group booked an extraordinary loss of ¥169 million in impairment charges on stores with deteriorating profitability, underscoring continued portfolio pruning as it adjusts its store network and cost structure to higher input and labor costs.

The most recent analyst rating on (JP:2752) stock is a Hold with a Yen1132.00 price target. To see the full list of analyst forecasts on Fujio Food Group, Inc. stock, see the JP:2752 Stock Forecast page.