Seihyo Co., Ltd. (2872) AI Stock Analysis

• Market Cap: ¥3.12B
• Dividend Yield: 0.93%
• Average Volume (3M): 2.18K
• Price to Earnings (P/E): 28.6
• Beta (1Y): 0.61
• Revenue Growth: 11.75%
• EPS Growth: -17.13%
• Country: JP
• Employees: 90
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 67.70
• Shares Outstanding: 1,620,993
• 10 Day Avg. Volume: 1,820
• 30 Day Avg. Volume: 2,176
• PEG Ratio: 0.21
• Price to Book (P/B): 2.11
• Price to Sales (P/S): 0.66
• P/FCF Ratio: -70.69
• 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: 59 Neutral
• Price Target: ¥2,028.00 ▲(4.21% Upside)

Seihyo Co., Ltd. has a stable financial performance with consistent revenue growth and profitability. However, technical indicators suggest bearish momentum, and the stock appears overvalued with a high P/E ratio and low dividend yield. These factors contribute to a moderate overall stock score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a robust demand for Seihyo's ice products, reflecting its strong market position and effective business model.

Profitability

Improved profitability suggests efficient operations and cost management, enhancing long-term financial health and shareholder value.

Market Position

A diverse customer base across multiple sectors strengthens Seihyo's market position, reducing reliance on any single market segment.

Negative Factors

Rising Debt Levels

Rising debt levels could strain financial resources and limit strategic flexibility, potentially impacting long-term growth and stability.

Cash Flow Challenges

Challenges in generating positive free cash flow indicate inefficiencies in operations, which could hinder investment in growth opportunities.

EBIT Margin

A low EBIT margin may reflect inefficiencies in cost management, potentially affecting profitability and competitive positioning.

Seihyo Co., Ltd. Business Overview & Revenue Model

Company Description

Seihyo Co., Ltd. (2872) is a Japan-based company primarily engaged in the manufacturing and distribution of ice and ice-related products. The company operates in sectors including food manufacturing and distribution, focusing on providing a variety of ice products for both industrial and consumer use. Its core products include packaged ice, dry ice, and other ice-related solutions tailored for food preservation, transportation, and consumer enjoyment.

How the Company Makes Money

Seihyo Co., Ltd. generates revenue through the sale of its ice products to a diverse clientele, including supermarkets, convenience stores, restaurants, and industrial clients requiring large quantities of ice for food preservation and transportation. The company also supplies dry ice, which is used in various sectors such as logistics, food processing, and healthcare, providing a critical component in cold chain management. Key revenue streams include direct sales of packaged ice to retailers and wholesalers, as well as providing tailored ice solutions for industrial applications. Partnerships with retail chains and food service providers also contribute to its earnings, ensuring a steady demand for its products across different regions.

Seihyo Co., Ltd. Financial Statement Overview

Summary

Seihyo Co., Ltd. shows consistent revenue growth and improving profitability metrics. The balance sheet is stable, but rising debt levels and challenges in cash flow management require attention.

Income Statement

Seihyo Co., Ltd. demonstrated strong revenue growth with a 5.37% increase from 2024 to 2025, and improved profitability metrics such as gross profit margin at 18.92% and net profit margin at 2.66% in 2025. The company's EBITDA margin has been stable, indicating efficient operations. However, the EBIT margin is relatively low, suggesting potential cost management issues.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 0.84 in 2025, indicating a balanced approach to leveraging. Stockholders' equity accounts for 42.41% of total assets, showing a solid equity ratio. Although the overall financial position seems stable, the increase in total debt over the years poses a potential risk if not managed carefully.

Cash Flow

Seihyo Co., Ltd. has faced challenges in generating positive free cash flow, with a negative free cash flow of -41.59 million in 2025. Operating cash flow is relatively low compared to net income, signaling inefficiencies in cash generation from operations. However, the company has improved its free cash flow position compared to previous years, indicating progress.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.70B	4.48B	4.26B	4.19B	3.96B	3.50B
Gross Profit	881.33M	848.61M	721.00M	593.89M	636.67M	579.74M
EBITDA	308.09M	299.86M	242.50M	203.25M	205.63M	207.61M
Net Income	125.64M	119.50M	61.41M	20.59M	63.48M	47.28M
Balance Sheet
Total Assets	3.80B	3.29B	2.92B	2.88B	2.09B	2.06B
Cash, Cash Equivalents and Short-Term Investments	441.00M	329.43M	215.12M	573.34M	213.76M	99.07M
Total Debt	1.48B	1.17B	912.49M	600.43M	524.00M	475.75M
Total Liabilities	2.38B	1.89B	1.64B	1.38B	992.95M	1.02B
Stockholders Equity	1.42B	1.40B	1.28B	1.50B	1.10B	1.05B
Cash Flow
Free Cash Flow	0.00	-41.59M	-362.90M	37.51M	160.78M	402.98M
Operating Cash Flow	0.00	34.69M	169.46M	210.00M	253.02M	486.11M
Investing Cash Flow	0.00	-80.53M	-531.54M	-178.05M	-89.72M	-63.15M
Financing Cash Flow	0.00	160.15M	3.85M	327.63M	-48.61M	-456.94M

Seihyo Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1946.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2872, the sentiment is Neutral. The current price of 1946 is above the 20-day moving average (MA) of 1939.50, below the 50-day MA of 1992.36, and below the 200-day MA of 2205.11, indicating a neutral trend. The MACD of -14.40 indicates Negative momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 86.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2872.

Seihyo Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2286	76 Outperform	¥6.37B	3.97	―	3.44%	-2.78%	331.41%
2894	66 Neutral	¥5.30B	15.03	―	1.25%	1.52%	28.70%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2872	59 Neutral	¥3.12B	28.60	―	0.93%	11.75%	-17.13%
2876	51 Neutral	¥3.86B	-5.60	―	3.53%	-15.71%	-293.44%
2293	47 Neutral	¥5.44B	―	―	―	-3.27%	-108.33%
2291	37 Underperform	¥2.06B	―	―	―	-2.97%	-6.82%