Ichimasa Kamaboko Co., Ltd. (2904) AI Stock Analysis

• Market Cap: ¥13.77B
• Dividend Yield: 1.61%
• Average Volume (3M): 5.72K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.12
• Revenue Growth: 0.27%
• EPS Growth: -22.12%
• Country: JP
• Employees: 928
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -11.30
• Shares Outstanding: 18,590,000
• 10 Day Avg. Volume: 4,860
• 30 Day Avg. Volume: 5,723
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥779.00
• Price Target Upside: 4.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ¥779.00 ▲(4.28% Upside)

The overall stock score of 59 reflects the company's financial challenges, particularly in cash flow and profitability, which are the most significant factors. Technical analysis shows stability but no strong momentum. Valuation is reasonable but not compelling. The absence of earnings call data and corporate events does not affect the score.

Ichimasa Kamaboko Co., Ltd. Business Overview & Revenue Model

Company Description

Ichimasa Kamaboko Co., Ltd. produces and sells fish-paste products under the Ichimasa brand name in Japan. It also offers maitake mushrooms. The company was founded in 1965 and is headquartered in Niigata, Japan.

How the Company Makes Money

Ichimasa Kamaboko Co., Ltd. generates revenue through the manufacturing and distribution of its seafood-based products. The company's primary revenue streams include sales of its kamaboko and other fish paste products to retail and wholesale customers. These products are distributed through various channels, including supermarkets, specialty stores, and online platforms. The company benefits from strategic partnerships with distributors and retailers that aid in expanding its market reach. Additionally, Ichimasa Kamaboko invests in product innovation to cater to evolving consumer tastes, contributing to its revenue growth. Export sales also form a part of its income, as the company taps into international demand for Japanese culinary products.

Ichimasa Kamaboko Co., Ltd. Financial Statement Overview

Summary

Ichimasa Kamaboko Co., Ltd. demonstrates solid revenue growth and profitability but faces challenges in operational efficiency and cash flow stability. The balance sheet is relatively strong, yet high debt levels warrant careful management. Continued focus on cash flow generation and margin improvement is crucial for future financial health.

Income Statement

Ichimasa Kamaboko Co., Ltd. shows a strong gross profit margin of 21.5% and a net profit margin of 3.5% TTM, indicating decent profitability. Revenue growth is positive at 5.7% compared to the previous year, signaling a recovery from previous declines. However, EBIT and EBITDA margins at 3.9% and 8.9% respectively suggest room for efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio is 0.75, reflecting a manageable level of leverage. Return on equity is modest at 8.0%, and an equity ratio of 44.4% shows a balanced capital structure. Still, there is potential risk from relatively high total debt levels.

Cash Flow

The absence of recent free cash flow data limits evaluation, but historical data shows fluctuations. Operating cash flow was negative in 2023, yet positive previously. The company must stabilize free cash flow to improve financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.60B	34.58B	34.49B	32.81B	31.64B	34.69B
Gross Profit	7.11B	6.99B	7.13B	5.39B	6.04B	9.71B
EBITDA	2.64B	3.00B	3.09B	1.74B	2.18B	3.65B
Net Income	833.49M	746.87M	957.48M	84.12M	565.36M	2.68B
Balance Sheet
Total Assets	30.70B	30.41B	31.39B	30.68B	25.30B	22.22B
Cash, Cash Equivalents and Short-Term Investments	2.03B	1.10B	3.22B	1.41B	2.32B	1.32B
Total Debt	10.35B	9.94B	10.24B	11.50B	5.61B	3.92B
Total Liabilities	15.56B	15.50B	16.89B	17.10B	11.43B	8.63B
Stockholders Equity	15.05B	14.83B	14.50B	13.58B	13.86B	13.59B
Cash Flow
Free Cash Flow	0.00	-996.47M	3.12B	-5.54B	-687.72M	861.82M
Operating Cash Flow	0.00	1.56B	5.20B	-1.02B	1.80B	2.42B
Investing Cash Flow	0.00	-2.62B	-1.74B	-3.95B	-2.22B	-688.19M
Financing Cash Flow	0.00	-1.05B	-1.65B	4.05B	1.41B	-1.82B

Ichimasa Kamaboko Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 747.00
• 50DMA: Positive
• 100DMA: Negative
• 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:2904, the sentiment is Neutral. The current price of 747 is below the 20-day moving average (MA) of 747.30, above the 50-day MA of 744.10, and above the 200-day MA of 739.31, indicating a neutral trend. The MACD of 1.06 indicates Positive momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2904.

Ichimasa Kamaboko Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2892	75 Outperform	17.93B	11.27	5.37%	2.61%	-2.63%	3.18%
2907	74 Outperform	9.93B	9.76	8.91%	2.30%	0.75%	-40.51%
2903	74 Outperform	17.57B	18.25	6.59%	1.63%	6.40%	-11.56%
2806	68 Neutral	14.25B	24.11	2.46%	1.95%	2.80%	28.76%
2901	64 Neutral	15.03B	26.72	16.13%	0.43%	4.29%	―
2904	59 Neutral	¥13.77B	18.37	―	1.61%	0.27%	-22.12%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Ichimasa Kamaboko Co., Ltd. Corporate Events

Ichimasa Kamaboko Reports Mixed Financial Results for Nine Months Ending March 2025

Ichimasa Kamaboko Co., Ltd. reported its consolidated financial results for the nine months ended March 31, 2025, showing a slight increase in net sales by 0.4% compared to the previous year. However, the company experienced declines in operating profit, ordinary profit, and profit attributable to owners of the parent, indicating challenges in maintaining profitability. The equity ratio improved to 49.0%, reflecting a stronger financial position. The company forecasts a 5.8% increase in net sales for the full fiscal year ending June 30, 2025, with modest growth in profits, suggesting a cautious optimism about future performance.