Yamami Co. (2820) AI Stock Analysis

• Market Cap: ¥34.63B
• Dividend Yield: 1.56%
• Average Volume (3M): 22.51K
• Price to Earnings (P/E): 19.4
• Beta (1Y): -0.06
• Revenue Growth: 10.89%
• EPS Growth: 25.32%
• Country: JP
• Employees: 267
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 40.17
• Shares Outstanding: 6,967,500
• 10 Day Avg. Volume: 34,650
• 30 Day Avg. Volume: 22,510
• PEG Ratio: 12.68
• Price to Book (P/B): 3.27
• Price to Sales (P/S): 1.62
• P/FCF Ratio: 189.62
• 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: 66 Neutral
• Price Target: ¥5,508.00 ▲(11.27% Upside)
• Action: Reiterated Date: 11/18/25
• Date: Action: Reiterated 11/18/25

Yamami Co.'s strong financial performance, characterized by consistent revenue growth and improved financial stability, is a significant strength. However, technical indicators suggest potential short-term volatility, and the valuation is fair but not compelling. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Consistent revenue growth

Sustained revenue growth signals steady end-market demand for soybean products and improving product mix. Over a 2–6 month horizon this supports capacity utilization, predictable cash generation and the ability to fund incremental product development and distribution expansion without relying on external financing.

Improved balance sheet & lower leverage

A stronger equity base and declining leverage materially increase financial resilience against commodity cycles and demand shocks. This durable improvement enhances liquidity and strategic optionality for capex or working-capital needs, reducing refinancing risk over the medium term.

Strong operating cash generation

Consistent operating cash flow versus accounting profits indicates high cash conversion from core operations. That sustained cash generation supports reinvestment, working-capital funding and modest shareholder distributions while preserving flexibility for long-term efficiency projects or product innovation.

Negative Factors

Volatile free cash flow

Large swings in free cash flow reduce predictability for capital allocation and limit the firm’s ability to commit to multi‑year investments or return capital consistently. Over a multi‑month horizon this volatility can constrain strategic initiatives and elevate liquidity planning requirements.

Declining EBIT margin

A falling EBIT margin points to persistent cost pressures or operational inefficiencies that can erode competitive profitability. If structural, margin compression reduces funds available for reinvestment and weakens the company’s ability to absorb input cost shocks over several quarters.

Input cost exposure

High sensitivity to commodity and energy costs is a structural risk for a soy‑based food manufacturer. Limited ability to fully pass through costs to consumers can compress margins and force price or mix adjustments, creating sustained margin volatility across the 2–6 month horizon.

Yamami Co. Business Overview & Revenue Model

Company Description

Yamami Company manufactures and sells tofu in Japan. It offers cotton, silk, filled, cut, commercial, and deep-fried tofu; atsuage products; and marine food products. Yamami Company was founded in 1975 and is headquartered in Mihara, Japan.

How the Company Makes Money

Yamami Co. generates revenue through multiple streams, primarily from the sale of its food products across various retail channels, including supermarkets, convenience stores, and online platforms. The company employs a direct-to-consumer model, enhancing its profit margins by reducing reliance on third-party distributors. Significant partnerships with retail chains and health food outlets further bolster its market presence and sales volume. Additionally, Yamami Co. invests in marketing campaigns to build brand loyalty and attract new customers, contributing to sustained revenue growth. Seasonal promotions and limited-time offerings also play a role in driving sales, particularly in peak shopping periods.

Yamami Co. Financial Statement Overview

Summary

Yamami Co. shows consistent revenue growth and strong profitability metrics. The company has improved financial stability by reducing leverage and maintaining a solid equity base. However, volatility in free cash flow could impact future investment and growth opportunities.

Income Statement

Yamami Co. has shown consistent revenue growth over the years, with a 2.74% increase in the latest period. The company maintains a healthy gross profit margin and has improved its net profit margin over time. However, there is a slight decline in EBIT margin, indicating potential cost pressures or inefficiencies.

Balance Sheet

The balance sheet reflects a strong equity position with a declining debt-to-equity ratio, indicating improved financial stability. The return on equity is solid, showing effective use of shareholder funds. The equity ratio is healthy, suggesting a strong asset base relative to liabilities.

Cash Flow

Yamami Co. has demonstrated strong operating cash flow relative to net income, indicating good cash generation capabilities. However, the free cash flow growth rate is volatile, with significant fluctuations over the years, which could pose a risk to financial flexibility.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	21.06B	19.00B	16.18B	13.81B	13.62B
Gross Profit	4.32B	4.45B	3.24B	2.85B	3.44B
EBITDA	3.92B	3.68B	2.72B	2.54B	2.51B
Net Income	1.50B	1.48B	802.50M	606.57M	511.16M
Balance Sheet
Total Assets	15.98B	15.52B	13.81B	13.41B	13.64B
Cash, Cash Equivalents and Short-Term Investments	856.52M	840.98M	404.48M	160.85M	304.02M
Total Debt	2.26B	2.23B	2.75B	3.53B	4.35B
Total Liabilities	5.55B	6.01B	5.52B	5.73B	6.39B
Stockholders Equity	10.43B	9.51B	8.29B	7.69B	7.25B
Cash Flow
Free Cash Flow	179.68M	1.17B	1.06B	1.28B	1.93B
Operating Cash Flow	2.79B	2.85B	2.16B	2.18B	2.60B
Investing Cash Flow	-2.22B	-1.63B	-946.13M	-846.50M	-667.78M
Financing Cash Flow	-548.94M	-786.98M	-966.09M	-1.43B	-1.88B

Yamami Co. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4950.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2820, the sentiment is Neutral. The current price of 4950 is below the 20-day moving average (MA) of 5161.25, above the 50-day MA of 4947.47, and above the 200-day MA of 4704.00, indicating a neutral trend. The MACD of 85.57 indicates Positive momentum. The RSI at 50.49 is Neutral, neither overbought nor oversold. The STOCH value of 24.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2820.

Yamami Co. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2915	72 Outperform	¥37.99B	12.92	―	2.23%	-0.25%	-41.09%
2820	66 Neutral	¥34.63B	19.39	―	1.56%	10.89%	25.32%
2804	66 Neutral	¥24.44B	10.14	―	2.05%	0.99%	830.67%
2831	64 Neutral	¥32.75B	13.01	―	1.96%	0.16%	10.88%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2923	62 Neutral	¥38.28B	12.29	―	0.80%	8.19%	42.84%
2910	46 Neutral	¥37.25B	311.33	―	1.65%	-1.17%	-84.81%

Yamami Co. Corporate Events

Yamami Co. Lifts Profit Outlook and Dividend on Strong First-Half Results

Yamami Co. reported strong non-consolidated results for the six months ended December 31, 2025, with net sales rising 10.6% year-on-year to ¥11.5 billion and operating profit surging 59.2% to ¥1.29 billion, lifting profit to ¥889 million and basic earnings per share to ¥127.67. The company’s balance sheet remained solid, with total assets of ¥17.47 billion and an equity ratio of 63.4%, while it confirmed an interim dividend of ¥36 per share and raised its full-year dividend forecast to ¥82, alongside an upgraded full-year outlook calling for 9.2% sales growth and a 44.8% jump in operating profit to ¥2.5 billion.

These stronger interim results and higher forecasts signal improving profitability and operational efficiency, reversing last year’s profit declines and suggesting better cost control or pricing power in its core business. For shareholders, the planned increase in full-year dividends and higher earnings expectations indicate a more shareholder-friendly capital policy and a confidence in sustained earnings growth, while the robust equity ratio underscores financial stability amid the company’s expansion plans.

The most recent analyst rating on (JP:2820) stock is a Buy with a Yen5963.00 price target. To see the full list of analyst forecasts on Yamami Co. stock, see the JP:2820 Stock Forecast page.