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

• Market Cap: ¥13.71B
• Dividend Yield: 1.62%
• Average Volume (3M): 5.56K
• Price to Earnings (P/E): 18.3
• 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: 4,030
• 30 Day Avg. Volume: 5,563
• PEG Ratio: -0.84
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -13.71
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ¥779.00 ▲(4.85% Upside)

Ichimasa Kamaboko Co., Ltd. has a moderate overall stock score. The primary concerns are financial performance issues, including declining revenue growth and cash flow challenges. Technical analysis provides mixed signals, with no strong momentum in either direction. Valuation metrics are reasonable but do not indicate significant undervaluation. The absence of earnings call data and corporate events limits additional insights.

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

Company Description

Ichimasa Kamaboko Co., Ltd. (2904) is a prominent Japanese company specializing in the production of kamaboko, a type of processed fish product. Founded in 1884, the company has established itself as a leader in the seafood industry, offering a diverse range of products including various types of kamaboko, fish cakes, and other seafood delicacies. Ichimasa's commitment to quality and innovation has allowed it to cater to both domestic and international markets, serving restaurants, retail chains, and foodservice sectors.

How the Company Makes Money

Ichimasa Kamaboko Co., Ltd. generates revenue primarily through the sale of its seafood products, particularly kamaboko and related fish products. The company employs a multi-channel distribution strategy, selling its products through direct sales to restaurants and food service providers, as well as through retail outlets and supermarkets. Key revenue streams include bulk sales to commercial clients and packaged products for retail consumption. Additionally, Ichimasa has established partnerships with local fisheries and suppliers to ensure a steady supply of quality raw materials, which supports its production capabilities and contributes to its overall profitability. The company also focuses on expanding its market presence through strategic marketing initiatives and product innovations, which help attract new customers and retain existing ones.

Ichimasa Kamaboko Co., Ltd. Financial Statement Overview

Summary

Ichimasa Kamaboko Co., Ltd. faces challenges with declining revenue growth and profitability margins. The balance sheet shows increased leverage, which could be risky if not managed properly. Cash flow issues are evident, with negative free cash flow growth and liquidity concerns. The company needs to focus on improving revenue and cash flow generation to strengthen its financial position.

Income Statement

Ichimasa Kamaboko Co., Ltd. has experienced a decline in revenue growth, with a negative growth rate in the most recent year. Gross profit margin and net profit margin have decreased over the years, indicating pressure on profitability. However, the company maintains a positive EBIT and EBITDA margin, suggesting operational efficiency despite revenue challenges.

Balance Sheet

The company's debt-to-equity ratio has increased, reflecting higher leverage, which could pose a risk if not managed carefully. Return on equity has been inconsistent, with a recent decline. However, the equity ratio remains stable, indicating a solid capital structure.

Cash Flow

Cash flow performance is concerning, with negative free cash flow growth and a negative free cash flow in the latest period. The operating cash flow to net income ratio has also declined, indicating potential liquidity issues. The company needs to improve cash generation to support its operations.

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: Negative
• Last Price: 743.00
• 50DMA: Negative
• 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 Negative. The current price of 743 is below the 20-day moving average (MA) of 746.50, below the 50-day MA of 746.38, and above the 200-day MA of 741.75, indicating a neutral trend. The MACD of -0.69 indicates Positive momentum. The RSI at 39.46 is Neutral, neither overbought nor oversold. The STOCH value of 14.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
2907	72 Outperform	¥9.70B	9.53	―	2.44%	0.75%	-40.51%
2903	69 Neutral	¥16.53B	17.17	―	2.07%	7.66%	2.64%
2892	64 Neutral	¥17.66B	12.07	―	3.54%	-0.73%	23.36%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2806	61 Neutral	¥14.65B	23.56	―	1.87%	2.59%	21.25%
2901	61 Neutral	¥13.42B	24.74	―	0.58%	4.28%	―
2904	59 Neutral	¥13.71B	18.29	―	1.62%	0.27%	-22.12%

Ichimasa Kamaboko Co., Ltd. Corporate Events

Ichimasa Kamaboko Reports 2025 Financial Results and Future Outlook

Ichimasa Kamaboko Co., Ltd. reported its financial results for the fiscal year ending June 30, 2025, showing a slight increase in net sales by 0.3% to ¥34,579 million. However, the company faced declines in operating profit, ordinary profit, and profit attributable to owners of the parent, with decreases of 29.9%, 27.3%, and 22.0% respectively. The company announced a year-end dividend increase to ¥14.00 per share, including a commemorative dividend for its 60th anniversary. The financial forecast for the next fiscal year anticipates a 4.7% increase in net sales, with expected improvements in operating and ordinary profits.