Yoshimura Food Holdings KK (2884) AI Stock Analysis

• Market Cap: ¥22.15B
• Dividend Yield: N/A
• Average Volume (3M): 145.01K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 0.87
• Revenue Growth: 3.07%
• EPS Growth: 50.05%
• Country: JP
• Employees: 880
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 20.53
• Shares Outstanding: 24,083,370
• 10 Day Avg. Volume: 289,990
• 30 Day Avg. Volume: 145,013
• PEG Ratio: 0.16
• Price to Book (P/B): 2.13
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 4.18
• 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): 92.3
• Revenue Forecast (FY): ¥67.40B

• Rating: 75 Outperform
• Price Target: ¥1,035.00 ▲(49.78% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is driven primarily by strong financial performance (solid revenue growth, improving margins, and robust cash generation). Technicals are supportive with price well above major moving averages, though momentum is stretched. Valuation is reasonable on P/E, but the lack of dividend yield data limits additional support.

Positive Factors

Revenue Growth

A 17.5% year-over-year top-line gain reflects durable demand and successful scale-up across subsidiaries. Sustained revenue expansion improves bargaining power with suppliers, spreads fixed costs over greater volumes, and underpins multi-quarter investment capacity for product development and distribution.

Margin Improvement

Rising gross and operating margins signal improving cost control and potential pricing power in processed foods. Structural margin improvement boosts sustainable profitability, allowing the company to better absorb commodity or labor cost volatility while supporting reinvestment and margin resilience.

Strong Cash Generation

High cash conversion and growing free cash flow indicate durable internal funding for capex, working capital and strategic initiatives without immediate reliance on external financing. Robust FCF supports debt servicing, potential dividends, and optional M&A spending across economic cycles.

Negative Factors

Moderate Leverage

Elevated leverage relative to equity constrains financial flexibility and raises sensitivity to interest rate or demand shocks. Over the medium term, higher debt levels can limit the ability to fund growth, increase refinancing risk, and pressure margins if operating performance softens.

Low Absolute Net Margin

Although improving, a ~3.2% net margin leaves limited buffer against raw-material or distribution cost spikes. In the packaged-foods sector, low absolute margins restrict reinvestment capacity and make sustained profitability more dependent on continued volume growth or structural cost reductions.

Acquisition Integration Risk

Reliance on M&A for growth introduces execution and integration risk: realizing procurement, production and distribution synergies can take multiple quarters. Failed integrations can dilute returns, increase costs, and exacerbate leverage, making long-term growth outcomes less certain.

Yoshimura Food Holdings KK Business Overview & Revenue Model

Company Description

Yoshimura Food Holdings K.K. manufactures and sells food products. The company offers commercial food materials; Chinese dishes; dried noodles, buckwheat flour, etc.; meat and processed food products; sake products; and frozen foods, including frozen fried oysters, fried chicken fillets, sashimi cutlet, and fried crab claws; peanut butter cream and chocolate cream; frozen tuna; jellies; sell pork cutlet, etc. It also provides seafood products; frozen paste products; scrolls and rice balls; chilled and frozen foods; fishery food; dumplings; and freeze-dried food, etc. In addition, the company is involved in the import and wholesale of frozen marine products; and sale of flour products. The company was founded in 2008 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Yoshimura Food Holdings makes money primarily through revenue generated by its consolidated subsidiaries that manufacture and sell food products. Its core revenue stream is the sale of processed and manufactured food items to downstream channels such as retailers, wholesalers, and food-service/industrial customers, with earnings recognized as product sales (net of returns/allowances where applicable). As a holding-company structure, cash is typically upstreamed from operating subsidiaries via dividends, management fees, and/or intercompany transactions (e.g., shared services), and the group’s profitability is driven by sales volume, product mix, and pricing relative to raw-material, labor, logistics, and energy costs. The company’s strategy also includes acquiring and integrating food companies; in such a model, earnings can be influenced by acquisition-related growth, integration efficiencies (procurement, production rationalization, distribution), and the performance of newly consolidated businesses. Specific major partnerships, customer concentration, or segment-level revenue breakdowns are null.

Yoshimura Food Holdings KK Financial Statement Overview

Summary

Strong fundamentals driven by 17.5% revenue growth (2024: 49,781m yen to 2025: 58,542m yen), improving profitability (gross margin ~22.7%, net margin ~3.2%), and strengthening EBIT/EBITDA margins. Cash generation is robust (operating cash flow to net income 3.6; free cash flow up 11.8%), while leverage is moderate (debt-to-equity ~2.6) with an equity ratio around 19.7%.

Income Statement

The company demonstrated strong revenue growth with a notable increase from 49,781 million yen in 2024 to 58,542 million yen in 2025, representing a 17.5% growth rate. Gross profit margin improved to approximately 22.7%, and net profit margin increased to about 3.2%, indicating enhanced profitability. EBIT and EBITDA margins also strengthened, reflecting effective cost management and operational efficiency.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of approximately 2.6, indicating moderate leverage. The equity ratio stands at around 19.7%, providing a solid capital structure. Return on equity improved significantly to 16.9%, highlighting effective use of shareholders' capital.

Cash Flow

The cash flow statement illustrates robust cash generation, with operating cash flow to net income ratio at 3.6, suggesting strong cash conversion. The free cash flow grew by 11.8% from the previous year, and the free cash flow to net income ratio is approximately 3.0, underscoring the company's ability to generate cash beyond its earnings.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	58.10B	58.11B	49.78B	34.94B	29.28B	29.29B
Gross Profit	12.83B	13.30B	10.29B	6.96B	6.34B	6.21B
EBITDA	6.11B	6.67B	4.12B	1.69B	1.45B	1.34B
Net Income	1.53B	1.86B	1.04B	613.43M	500.10M	323.61M
Balance Sheet
Total Assets	57.69B	56.07B	53.51B	31.86B	23.82B	23.64B
Cash, Cash Equivalents and Short-Term Investments	11.18B	13.17B	10.23B	5.00B	3.29B	4.94B
Total Debt	30.82B	29.36B	32.02B	15.24B	10.88B	11.27B
Total Liabilities	41.01B	39.53B	40.33B	22.01B	15.50B	15.83B
Stockholders Equity	11.14B	11.04B	8.71B	7.48B	6.31B	4.58B
Cash Flow
Free Cash Flow	0.00	5.64B	5.06B	-411.19M	813.45M	1.91B
Operating Cash Flow	0.00	6.63B	5.76B	79.60M	1.32B	2.09B
Investing Cash Flow	0.00	-843.32M	-4.53B	-2.02B	-1.17B	-387.68M
Financing Cash Flow	0.00	-2.98B	2.32B	3.49B	-1.94B	359.27M

Yoshimura Food Holdings KK Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 691.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2884, the sentiment is Neutral. The current price of 691 is below the 20-day moving average (MA) of 980.80, below the 50-day MA of 920.54, and below the 200-day MA of 860.98, indicating a neutral trend. The MACD of 3.48 indicates Positive momentum. The RSI at 43.14 is Neutral, neither overbought nor oversold. The STOCH value of 12.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2884.

Yoshimura Food Holdings KK Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2884	75 Outperform	¥22.15B	8.72	―	―	3.07%	50.05%
2819	68 Neutral	¥23.91B	4.38	―	1.87%	3.08%	-16.77%
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%
2922	62 Neutral	¥24.44B	5.73	―	1.32%	-0.24%	-45.01%
2933	59 Neutral	¥23.72B	3.15	―	1.87%	3.06%	-53.49%

Yoshimura Food Holdings KK Corporate Events

Yoshimura Food Holdings Cuts Full-Year Outlook as Profits Decline

Yoshimura Food Holdings reported a 2.0% year-on-year decline in consolidated net sales to ¥42.5 billion for the nine months ended November 30, 2025, with operating profit falling 36.0% to ¥1.9 billion and profit attributable to owners of parent down 18.3% to ¥1.0 billion, reflecting a sharp contraction in profitability compared with the strong gains recorded in the previous year. Total assets increased to ¥63.8 billion and equity rose modestly, but the equity-to-asset ratio edged down to 19.1%, while the company maintained a zero-dividend policy for the fiscal year and revised its full-year forecast downward, now expecting lower sales and significantly reduced profits, signaling a more challenging operating environment and tempered earnings outlook for stakeholders.

The most recent analyst rating on (JP:2884) stock is a Hold with a Yen725.00 price target. To see the full list of analyst forecasts on Yoshimura Food Holdings KK stock, see the JP:2884 Stock Forecast page.