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

• Market Cap: ¥13.60B
• Dividend Yield: 1.9%
• Average Volume (3M): 17.34K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.14
• Revenue Growth: 0.59%
• EPS Growth: -15.61%
• Country: JP
• Employees: 928
• Sector: Consumer Defensive
• Sector Strength: 54
• Industry: Packaged Foods
• EPS (TTM): 0.10
• Shares Outstanding: 18,590,000
• 10 Day Avg. Volume: 5,990
• 30 Day Avg. Volume: 17,340
• PEG Ratio: -0.53
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥851.00
• Price Target Upside: 14.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: ¥792.00 ▲(6.88%Upside)

Ichimasa Kamaboko Co., Ltd.'s score of 63 reflects its solid financial performance marked by revenue growth and profitability. However, challenges in operational efficiency and cash flow stability, along with short-term technical weakness, slightly dampen the outlook. The stock's fair valuation and modest dividend yield provide some compensation for the risks.

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

Company Description

Ichimasa Kamaboko Co., Ltd. is a Japanese company primarily engaged in the production and sale of processed marine products. Founded in 1939, the company specializes in traditional Japanese foods such as kamaboko (a type of cured surimi), along with other fish paste products and various seafood delicacies. Ichimasa Kamaboko combines traditional methods with modern technology to produce high-quality offerings that cater to both domestic and international markets.

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	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	34.49B	32.81B	31.64B	34.69B	36.05B
Gross Profit	7.13B	5.39B	6.04B	9.71B	9.94B
EBITDA	3.09B	1.74B	2.18B	3.65B	2.14B
Net Income	957.48M	84.12M	565.36M	2.68B	252.75M
Balance Sheet
Total Assets	31.39B	30.68B	25.30B	22.22B	22.05B
Cash, Cash Equivalents and Short-Term Investments	3.22B	1.41B	2.32B	1.32B	1.32B
Total Debt	10.24B	11.50B	5.61B	3.92B	5.51B
Total Liabilities	16.89B	17.10B	11.43B	8.63B	10.88B
Stockholders Equity	14.50B	13.58B	13.86B	13.59B	11.17B
Cash Flow
Free Cash Flow	3.12B	-5.54B	-687.72M	861.82M	1.98B
Operating Cash Flow	5.20B	-1.02B	1.80B	2.42B	2.84B
Investing Cash Flow	-1.74B	-3.95B	-2.22B	-688.19M	-755.20M
Financing Cash Flow	-1.65B	4.05B	1.41B	-1.82B	-1.74B

Ichimasa Kamaboko Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 741.00
• 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 741 is below the 20-day moving average (MA) of 746.87, below the 50-day MA of 754.27, and above the 200-day MA of 735.31, indicating a neutral trend. The MACD of -3.43 indicates Positive momentum. The RSI at 36.00 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 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	82 Outperform	¥9.45B	6.10		2.42%	1.60%	2.59%
2892	75 Outperform	¥16.60B	10.81		2.81%	-5.97%	-37.27%
2903	74 Outperform	¥17.60B	18.79		1.62%	5.15%	-15.30%
Sector *	65 Neutral	$27.20B	15.73	-4.29%	2.57%	1.03%	4.90%
2904	63 Neutral	¥13.60B	16.31		1.90%	0.59%	-15.61%
2806	62 Neutral	¥14.22B	25.71		1.96%	4.72%	20.48%
2901	57 Neutral	¥13.71B	24.88		0.32%	-2.04%	―

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.