Nihon Shokuhin Kako Co., Ltd. (JP:2892)
:2892
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Nihon Shokuhin Kako Co., Ltd.
(2892)
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Rating:63Neutral
Price Target:
¥4,063.00
▲(16.25% Upside)
Action:Reiterated
Date:05/02/26
The score is primarily constrained by weakened financial performance—especially the sharp FY2026 revenue decline and thinner margins—despite a resilient balance sheet and improved (but volatile) cash flow. Valuation is a relative positive due to a mid-range P/E and strong dividend yield, while technical indicators are broadly neutral with only modest support from a positive MACD.
Positive Factors
Stable balance sheet
Low leverage and a building equity base provide durable financial flexibility. This reduces refinancing risk, supports continued operations during downturns, and permits measured capital allocation to maintenance capex or working capital, helping sustain the business through multi-quarter cycles.
Negative Factors
Sharp FY2026 revenue decline
A near-50% revenue drop represents a material structural setback that can leave fixed costs underabsorbed and weaken supplier/customer relationships. Recovery typically requires time and commercial effort; such a shock can depress multi-quarter earnings power and investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable balance sheet
Low leverage and a building equity base provide durable financial flexibility. This reduces refinancing risk, supports continued operations during downturns, and permits measured capital allocation to maintenance capex or working capital, helping sustain the business through multi-quarter cycles.
Read all positive factors
Nihon Shokuhin Kako Co., Ltd. (2892) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.21B
Dividend Yield2.98%
Average Volume (3M)6.83K
Price to Earnings (P/E)32.2
Beta (1Y)0.68
Revenue Growth0.47%
EPS Growth-23.39%
CountryJP
Employees423
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)323.49
Shares Outstanding4,942,868
10 Day Avg. Volume9,210
30 Day Avg. Volume6,830
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)0.61
Price to Sales (P/S)0.29
P/FCF Ratio4.26
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
Nihon Shokuhin Kako Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Shokuhin Kako Co., Ltd. engages in the manufacture and sale of processed corn products and related secondary processed products in Japan. It offers corn starch and tapioca starch for food and industrial use; and waxy starch. The company also...
How the Company Makes Money
The company primarily makes money by manufacturing and selling food ingredients, with revenue generated from shipments to business customers (B2B) that use these ingredients as inputs in their own products. Key revenue streams include (1) sales of...
Nihon Shokuhin Kako Co., Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.29B | 62.99B | 62.70B | 66.68B | 64.61B | 50.61B |
| Gross Profit | 10.31B | 10.26B | 10.03B | 10.54B | 11.35B | 8.64B |
| EBITDA | 4.97B | 4.36B | 4.80B | 5.69B | 6.02B | 4.08B |
| Net Income | 1.59B | 1.17B | 1.53B | 2.43B | 2.60B | 1.37B |
Balance Sheet | ||||||
| Total Assets | 51.66B | 50.66B | 50.80B | 46.73B | 46.65B | 39.96B |
| Cash, Cash Equivalents and Short-Term Investments | 245.00M | 338.00M | 241.00M | 214.00M | 411.00M | 198.00M |
| Total Debt | 11.46B | 8.00B | 10.89B | 7.97B | 11.09B | 7.60B |
| Total Liabilities | 22.84B | 20.47B | 22.37B | 22.40B | 23.95B | 18.90B |
| Stockholders Equity | 28.82B | 30.19B | 28.42B | 24.33B | 22.70B | 21.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.29B | -1.83B | 3.72B | -3.13B | -2.38B |
| Operating Cash Flow | 0.00 | 6.86B | 3.69B | 6.77B | -533.00M | 292.00M |
| Investing Cash Flow | 0.00 | -3.06B | -5.76B | -2.46B | -2.24B | -2.41B |
| Financing Cash Flow | 0.00 | -3.70B | 2.10B | -4.51B | 2.98B | 2.14B |
Nihon Shokuhin Kako Co., Ltd. Technical Analysis
Positive
3495.00
Price Trends
3824.54
Positive
3873.57
Positive
3665.08
Positive
Market Momentum
42.41
Negative
58.04
Neutral
80.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2892, the sentiment is Positive. The current price of 3495 is below the 20-day moving average (MA) of 3921.50, below the 50-day MA of 3824.54, and below the 200-day MA of 3665.08, indicating a bullish trend. The MACD of 42.41 indicates Negative momentum. The RSI at 58.04 is Neutral, neither overbought nor oversold. The STOCH value of 80.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2892.
Nihon Shokuhin Kako Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥15.40B | 10.26 | ― | 1.74% | 7.50% | 86.59% | |
63 Neutral | ¥19.21B | 32.22 | ― | 2.98% | 0.47% | -23.39% | |
63 Neutral | ¥13.73B | 30.36 | ― | 2.16% | -1.43% | 43.68% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ¥35.00B | 4.55 | ― | 0.80% | 12.41% | 129.01% | |
48 Neutral | ¥14.10B | 51.12 | ― | 1.61% | 2.00% | -44.01% | |
46 Neutral | ¥34.17B | 21.75 | ― | 1.65% | -1.17% | -95.57% |
* Consumer Defensive Sector Average
JP:2892
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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.