Bull-Dog Sauce Co., Ltd. (JP:2804)
:2804
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Bull-Dog Sauce Co., Ltd.
(2804)
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Rating:58Neutral
Price Target:
¥1,834.00
▼(-1.29% Downside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by inconsistent profitability and cash-flow history (despite recent improvement) and a weak technical setup with bearish momentum and the stock trading below key moving averages. A solid, low-to-moderate leverage balance sheet and a moderate dividend yield provide partial support, but the P/E remains relatively elevated.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing the company's long-term market position.
Negative Factors
Profitability Volatility
Volatile profitability can signal operational inefficiencies, potentially impacting long-term financial stability and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing the company's long-term market position.
Read all positive factors
Bull-Dog Sauce Co., Ltd. (2804) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.35B
Dividend Yield2.05%
Average Volume (3M)32.40K
Price to Earnings (P/E)23.8
Beta (1Y)0.47
Revenue Growth0.48%
EPS Growth302.96%
CountryJP
Employees302
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)181.24
Shares Outstanding13,208,780
10 Day Avg. Volume21,190
30 Day Avg. Volume32,396
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.02
Price to Sales (P/S)6.42
P/FCF Ratio0.00
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)N/A
Revenue Forecast (FY)N/A
Bull-Dog Sauce Co., Ltd. Business Overview & Revenue Model
Company Description
Bull-Dog Sauce Co., Ltd. manufactures and sells sauces, pasta, and seasonings in Japan. The company was formerly known as Bull-Dog Foods Co., Ltd. and changed its name to Bull-Dog Sauce Co., Ltd. in 1962. Bull-Dog Sauce Co., Ltd. was founded in 19...
How the Company Makes Money
Bull-Dog Sauce makes money mainly by manufacturing and selling sauces/seasonings under its own brands, with revenue recognized from product shipments to customers. Its key revenue streams are: (1) Retail/consumer packaged goods sales, where produc...
Bull-Dog Sauce Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.68B | 14.69B | 14.62B | 14.48B | 13.53B | 13.30B |
| Gross Profit | 4.50B | 4.74B | 4.22B | 4.32B | 4.35B | 4.50B |
| EBITDA | 1.59B | 1.76B | 1.36B | 1.10B | 1.17B | 1.36B |
| Net Income | 2.38B | 2.44B | 623.68M | 145.41M | 595.77M | 716.87M |
Balance Sheet | ||||||
| Total Assets | 34.38B | 37.31B | 32.47B | 33.75B | 36.30B | 29.76B |
| Cash, Cash Equivalents and Short-Term Investments | 4.04B | 4.73B | 2.46B | 1.99B | 6.06B | 4.59B |
| Total Debt | 4.73B | 4.29B | 4.90B | 6.31B | 5.80B | 742.65M |
| Total Liabilities | 11.21B | 12.04B | 11.03B | 12.29B | 16.04B | 9.62B |
| Stockholders Equity | 23.16B | 25.26B | 21.45B | 21.46B | 20.26B | 20.14B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.41B | 2.25B | -4.65B | -3.91B | -109.35M |
| Operating Cash Flow | 0.00 | 1.64B | 2.33B | 90.17M | 45.00M | 1.13B |
| Investing Cash Flow | 0.00 | 2.54B | 635.72M | -4.08B | -3.13B | -1.19B |
| Financing Cash Flow | 0.00 | -1.90B | -2.49B | 31.18M | 4.57B | -413.76M |
Bull-Dog Sauce Co., Ltd. Technical Analysis
Negative
1858.00
Price Trends
1843.92
Negative
1858.47
Negative
1920.15
Negative
Market Momentum
-19.19
Positive
36.70
Neutral
12.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2804, the sentiment is Negative. The current price of 1858 is above the 20-day moving average (MA) of 1806.35, above the 50-day MA of 1843.92, and below the 200-day MA of 1920.15, indicating a bearish trend. The MACD of -19.19 indicates Positive momentum. The RSI at 36.70 is Neutral, neither overbought nor oversold. The STOCH value of 12.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2804.
Bull-Dog Sauce Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥22.68B | -13.86 | ― | 1.87% | 4.26% | 27.55% | |
71 Outperform | ¥4.74T | 23.62 | 9.46% | 1.32% | 3.47% | 99.65% | |
71 Outperform | ¥1.39T | 21.75 | 11.19% | 1.46% | 5.16% | 1.57% | |
71 Outperform | ¥575.76B | 28.74 | 9.28% | 1.30% | 5.86% | -17.47% | |
66 Neutral | ¥130.99B | 24.96 | ― | 1.08% | 4.45% | 11.13% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ¥22.35B | 23.77 | ― | 2.05% | 0.48% | 302.96% |
* Consumer Defensive Sector Average
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Bull-Dog Sauce Co., Ltd. Corporate Events
Bull-Dog Sauce Profit Surges, Dividend Raised as Cash Position Strengthens
May 15, 2026
Bull-Dog Sauce reported fiscal 2026 consolidated net sales of ¥14.69 billion, up 0.5% year on year, with operating profit surging 174.9% to ¥613 million and profit attributable to owners of parent jumping to ¥2.44 billion. Strong ea...
Bull-Dog Sauce Reshapes Executive Ranks to Strengthen Overseas and Business-Use Sales
Apr 24, 2026
Bull-Dog Sauce has announced a set of management changes approved by its Board of Directors, effective August 1, 2026, aimed at realigning responsibilities across sales and overseas operations. Executive Officer Susumu Sekine will focus on heading...
Bull-Dog Sauce Launches Share Buyback to Boost Shareholder Returns
Apr 24, 2026
Bull-Dog Sauce Co. has approved a share repurchase program under its articles of incorporation and the Companies Act, authorizing the buyback of up to 280,000 common shares, or 2.2% of its outstanding stock, for a maximum of ¥0.5 billion. The...
Bull-Dog Sauce Raises Ordinary Dividend Forecast for FY2027 to Strengthen Shareholder Returns
Apr 24, 2026
Bull-Dog Sauce has announced a higher ordinary dividend forecast for the fiscal year ending March 31, 2027, as part of a strengthened shareholder return policy. The company plans total annual dividends of ¥45 per share, with ¥20 at the s...
Bull-Dog Sauce to Boost Capital Efficiency With Sale of Investment Securities
Apr 2, 2026
Bull-Dog Sauce Co., Ltd. has decided to sell part of its holdings in one listed security, a move aimed at improving capital efficiency and optimizing the use of its balance sheet. The transaction is planned to be completed by the end of April 2026...
Bull-Dog Sauce Cancels Treasury Shares After Completing ¥399.9 Million Buyback
Mar 13, 2026
Bull-Dog Sauce Co., Ltd. has completed a share repurchase program authorized by its board in May 2025, buying back 210,300 common shares on the Tokyo Stock Exchange for a total of about ¥399.9 million between November 4, 2025, and February 20...
Bull-Dog Sauce Nearly Maxes Out ¥400 Million Share Buyback Program
Feb 24, 2026
Bull-Dog Sauce Co., Ltd. has completed a share repurchase program authorized by its board in May 2025, buying back a total of 210,300 common shares on the Tokyo Stock Exchange between November 4, 2025, and February 20, 2026, for an aggregate price...
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.