Yamami Co. (2820) AI Stock Analysis

• Market Cap: ¥31.91B
• Dividend Yield: 1.56%
• Average Volume (3M): 22.51K
• Price to Earnings (P/E): 14.1
• Beta (1Y): -0.02
• 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: ¥5,292.00 ▲(6.91% 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 demonstrates stable end-market demand for soybean-based products and supports a predictable top line. Over a 2–6 month horizon this underpins recurring cash inflows, allows continued investment in higher-value processed items, and reduces execution risk versus cyclical peers.

Strong balance sheet and lower leverage

A healthy equity ratio and falling leverage improve financial flexibility and lower refinancing risk. This durable strength enables Yamami to absorb commodity shocks, finance capex or working capital needs without undue strain, and maintain strategic options across market cycles.

Robust operating cash generation

Strong operating cash flow versus reported earnings indicates good cash conversion and operational quality. Persistently positive cash generation supports reinvestment, stable dividends, and working capital needs, making the business more resilient to short-term revenue swings over coming months.

Negative Factors

Volatile free cash flow growth

High variability in free cash flow constrains long-term planning and capital allocation. Even with strong operating cash, intermittent FCF swings can force cautious capex, restrict dividends, or require short-term financing, limiting the company’s ability to steadily scale investments or absorb shocks.

Declining EBIT margin

A slipping EBIT margin signals margin pressure that can erode profitability if sustained. Over several months this may reflect rising input or operational costs and reduce room to invest in growth or absorb commodity-driven price moves without compressing net returns.

Input-cost sensitivity to commodities

Dependence on soybean, packaging and energy inputs creates structural exposure to commodity cycles. Persistent or rising input prices can materially pressure margins and cash flow, and limited control over raw-material markets raises operational risk for the next 2–6 months.

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 primarily makes money by manufacturing and selling soybean-based food products. Revenue is generated from (1) sales of packaged products to retailers and wholesalers (e.g., supermarkets and other consumer outlets) and (2) sales to food-service and industrial customers that use tofu/soy-based products as ingredients or menu items. Earnings are influenced by sales volume and product mix (including higher value-added processed items), as well as input costs for key commodities and materials (e.g., soybeans, packaging, energy) and manufacturing efficiency. Specific details on the company’s segment-level revenue breakdown, major customer/partner concentrations, and contract structures are null.

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	3.23B	2.85B	3.43B
EBITDA	3.45B	3.61B	2.52B	2.52B	2.47B
Net Income	1.50B	1.48B	802.50M	606.57M	511.16M
Balance Sheet
Total Assets	16.00B	15.55B	13.83B	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	5.57B	6.04B	5.54B	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	1.07B	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: Negative
• Last Price: 4950.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2820, the sentiment is Negative. The current price of 4950 is below the 20-day moving average (MA) of 4963.50, below the 50-day MA of 4967.60, and above the 200-day MA of 4698.38, indicating a bearish trend. The MACD of -109.11 indicates Positive momentum. The RSI at 32.62 is Neutral, neither overbought nor oversold. The STOCH value of 10.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	¥34.94B	6.02	―	2.23%	-0.25%	-41.09%
2820	66 Neutral	¥31.91B	14.14	―	1.56%	10.89%	25.32%
2804	66 Neutral	¥24.45B	23.77	―	2.05%	0.99%	830.67%
2831	64 Neutral	¥33.60B	7.86	―	1.96%	0.16%	10.88%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2923	62 Neutral	¥38.89B	4.55	―	0.80%	8.19%	42.84%
2910	46 Neutral	¥37.28B	21.75	―	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.