Shinobu Foods Products Co., Ltd. (2903) AI Stock Analysis

• Market Cap: ¥16.41B
• Dividend Yield: 1.74%
• Average Volume (3M): 22.98K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.27
• Revenue Growth: 5.15%
• EPS Growth: -15.30%
• Country: JP
• Employees: 543
• Sector: Consumer Defensive
• Sector Strength: 56
• Industry: Packaged Foods
• EPS (TTM): -36.23
• Shares Outstanding: 12,500,000
• 10 Day Avg. Volume: 24,980
• 30 Day Avg. Volume: 22,983
• PEG Ratio: -0.92
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.39
• 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

• Rating: 75 Outperform
• Price Target: ¥1,594.00 ▲(10.93%Upside)

The overall score is primarily supported by strong technical analysis, indicating positive market momentum. Financial performance is solid, with revenue growth and a strong balance sheet, though profitability and cash flow show some weaknesses. Valuation metrics suggest the stock is reasonably priced, but with limited upside.

Shinobu Foods Products Co., Ltd. Business Overview & Revenue Model

Company Description

Shinobu Foods Products Co., Ltd. (2903) is a Japanese company engaged in the manufacturing and sale of food products. The company focuses primarily on producing and distributing a wide range of processed foods, including packaged meals, snacks, and condiments. With a strong presence in the domestic market, Shinobu Foods caters to both retail and wholesale sectors, offering products that align with traditional Japanese culinary preferences as well as more modern, innovative food solutions.

How the Company Makes Money

Shinobu Foods Products Co., Ltd. generates revenue primarily through the sale of its processed food products. The company's key revenue streams include retail sales to supermarkets and convenience stores, as well as wholesale transactions with larger distributors and food service providers. Shinobu Foods may also engage in partnerships with other food companies to expand its product offerings and market reach. Additionally, the company likely benefits from brand recognition and customer loyalty within the domestic market, contributing to consistent sales performance.

Shinobu Foods Products Co., Ltd. Financial Statement Overview

Summary

Shinobu Foods Products Co., Ltd. demonstrates solid revenue growth and a stable balance sheet, with moderate profitability and cash flow challenges. The company's operational efficiency remains strong, though profitability margins and free cash flow generation require attention. The balance sheet is bolstered by a strong equity base, yet the company could enhance shareholder value through improved return on equity.

Income Statement

Shinobu Foods Products Co., Ltd. has shown consistent revenue growth over the years, with the latest annual growth rate at 5.15% from 2024 to 2025. The gross profit margin stands at 14.82% for 2025, slightly improving from the previous year. The net profit margin decreased to 1.73% in 2025, indicating challenges in maintaining profitability despite revenue growth. However, the EBIT margin remained stable at around 4%, and the EBITDA margin was 5.15% in 2025, reflecting operational efficiency.

Balance Sheet

The company has a relatively stable balance sheet with a debt-to-equity ratio of 0.38 in 2025, showing an improvement from the previous year. The equity ratio is strong at 50.96%, indicating a solid equity base. However, the return on equity is modest at 6.59% for 2025, suggesting opportunities for better utilization of shareholders' equity.

Cash Flow

Cash flow analysis reveals a decrease in free cash flow from 2024 to 2025 by 18.41%, indicating potential investment or operational challenges. The operating cash flow to net income ratio is robust at 3.22, suggesting strong cash generation relative to net income. However, the free cash flow to net income ratio has decreased, signaling pressure on free cash flow generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	56.71B	57.65B	54.83B	51.05B	48.65B	45.48B
Gross Profit	8.34B	8.54B	8.01B	7.06B	6.58B	5.88B
EBITDA	3.79B	2.97B	3.20B	3.42B	3.08B	2.66B
Net Income	1.15B	997.00M	1.17B	103.00M	1.08B	791.00M
Balance Sheet
Total Assets	30.63B	29.68B	30.43B	30.38B	30.94B	30.35B
Cash, Cash Equivalents and Short-Term Investments	6.38B	6.28B	6.98B	6.63B	5.48B	4.68B
Total Debt	6.46B	5.82B	7.26B	8.54B	9.15B	9.63B
Total Liabilities	14.83B	14.54B	15.48B	16.35B	16.75B	16.93B
Stockholders Equity	15.79B	15.13B	14.95B	14.03B	14.18B	13.42B
Cash Flow
Free Cash Flow	0.00	1.60B	1.96B	1.96B	1.66B	1.88B
Operating Cash Flow	0.00	3.21B	3.67B	2.97B	2.59B	3.17B
Investing Cash Flow	0.00	-1.67B	-1.70B	-940.00M	-998.00M	-1.20B
Financing Cash Flow	0.00	-2.25B	-1.62B	-879.00M	-792.00M	-320.00M

Shinobu Foods Products Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1437.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2903, the sentiment is Positive. The current price of 1437 is above the 20-day moving average (MA) of 1323.75, above the 50-day MA of 1162.60, and above the 200-day MA of 983.81, indicating a bullish trend. The MACD of 68.92 indicates Negative momentum. The RSI at 72.57 is Negative, neither overbought nor oversold. The STOCH value of 84.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2903.

Shinobu Foods Products Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2884	76 Outperform	¥25.02B	13.27		―	16.73%	80.15%
2903	75 Outperform	¥16.41B	17.52		1.74%	5.15%	-15.30%
2892	75 Outperform	¥16.87B	11.05		3.21%	-5.97%	-37.27%
Sector *	65 Neutral	$27.25B	15.35	-4.01%	3.14%	1.00%	1.98%
2904	60 Neutral	¥13.79B	16.49		1.87%	0.59%	-15.61%
2818	58 Neutral	¥12.08B	207.44		1.38%	10.29%	-52.86%
2901	57 Neutral	¥13.30B	24.49		0.32%	-2.04%	―