KENKO Mayonnaise Co., Ltd. (2915) AI Stock Analysis

• Market Cap: ¥30.06B
• Dividend Yield: 2.27%
• Average Volume (3M): 21.79K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.66
• Revenue Growth: 1.16%
• EPS Growth: -23.94%
• Country: JP
• Employees: 1,031
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 37.54
• Shares Outstanding: 16,476,000
• 10 Day Avg. Volume: 20,980
• 30 Day Avg. Volume: 21,793
• PEG Ratio: 0.28
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 7.23
• 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
• EPS Forecast (FY): 28,760.38
• Revenue Forecast (FY): ¥14.39T

• Rating: 72 Outperform
• Price Target: ¥2,082.00 ▲(10.51% Upside)

KENKO Mayonnaise's strong financial performance is the primary driver of its stock score, supported by reasonable valuation metrics. However, technical indicators suggest caution due to short-term bearish momentum.

KENKO Mayonnaise Co., Ltd. Business Overview & Revenue Model

Company Description

KENKO Mayonnaise Co., Ltd. (2915) is a leading Japanese food manufacturer specializing in the production of mayonnaise and other condiment products. Established in the early 20th century, the company has built a strong reputation for quality and innovation in the food sector. KENKO offers a diverse range of products, including various types of mayonnaise, dressings, and sauces, catering to both retail and food service markets. The company is committed to using high-quality ingredients and maintaining stringent food safety standards.

How the Company Makes Money

KENKO Mayonnaise Co., Ltd. generates revenue primarily through the sale of its mayonnaise and condiment products. The company operates a multi-channel distribution model, supplying its products to grocery retailers, food service operators, and export markets. Key revenue streams include direct sales to supermarkets and convenience stores, as well as partnerships with restaurants and catering companies that utilize KENKO's products in their menus. Additionally, KENKO invests in marketing and promotional campaigns to enhance brand recognition and drive consumer demand. The company may also explore collaborations with food manufacturers to create co-branded products, further diversifying its earnings.

KENKO Mayonnaise Co., Ltd. Financial Statement Overview

Summary

KENKO Mayonnaise shows strong financial performance with solid revenue and profit growth, stable financial leverage, and robust cash flow generation. However, there is room for improvement in operational efficiencies and asset management.

Income Statement

KENKO Mayonnaise has demonstrated strong revenue growth over the years, with a notable increase from 2022 to 2025. The Gross Profit Margin remains solid, indicating efficient cost management. Net Profit Margin and EBIT Margin have also improved significantly, reflecting enhanced profitability. However, the EBITDA Margin is slightly lower than expected, showing room for operational improvements.

Balance Sheet

The company's financial leverage is manageable, with a low Debt-to-Equity Ratio, indicating prudent use of debt. The Return on Equity has improved, showcasing effective use of equity capital. The Equity Ratio is stable, suggesting a strong financial foundation. However, the decrease in Total Assets over the recent year could be a concern if it continues.

Cash Flow

KENKO Mayonnaise exhibits a healthy Operating Cash Flow to Net Income Ratio, indicating strong cash generation relative to earnings. The Free Cash Flow to Net Income Ratio supports stable cash reserves. Despite a decline in Free Cash Flow Growth Rate in the latest year, cash flow management remains robust.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.38B	91.70B	88.72B	82.36B	75.65B	68.50B
Gross Profit	19.83B	20.54B	18.02B	14.63B	15.80B	15.86B
EBITDA	6.54B	7.58B	6.51B	3.48B	4.62B	5.18B
Net Income	2.84B	3.50B	2.73B	485.00M	1.21B	1.46B
Balance Sheet
Total Assets	63.08B	64.08B	67.37B	62.23B	61.76B	62.32B
Cash, Cash Equivalents and Short-Term Investments	14.69B	15.73B	15.73B	12.29B	12.44B	12.38B
Total Debt	3.69B	3.81B	4.32B	5.46B	6.92B	8.64B
Total Liabilities	23.00B	24.11B	28.39B	25.44B	25.22B	26.74B
Stockholders Equity	40.08B	39.96B	38.98B	36.79B	36.54B	35.58B
Cash Flow
Free Cash Flow	0.00	4.07B	5.04B	2.22B	3.36B	4.50B
Operating Cash Flow	0.00	4.59B	5.96B	3.53B	3.76B	5.20B
Investing Cash Flow	0.00	-1.06B	-239.00M	-856.00M	-419.00M	-588.00M
Financing Cash Flow	0.00	-3.53B	-2.28B	-2.82B	-3.28B	-2.98B

KENKO Mayonnaise Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1884.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2915, the sentiment is Negative. The current price of 1884 is above the 20-day moving average (MA) of 1874.25, below the 50-day MA of 1901.23, and above the 200-day MA of 1841.63, indicating a neutral trend. The MACD of -20.72 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 30.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2915.

KENKO Mayonnaise Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2915	72 Outperform	¥30.06B	10.20	―	2.27%	1.16%	-23.94%
2612	70 Outperform	¥35.06B	14.97	―	2.63%	8.21%	20.27%
2811	67 Neutral	¥237.91B	19.59	―	2.13%	3.69%	-50.13%
2819	67 Neutral	¥23.09B	23.65	―	1.86%	3.96%	-42.78%
2804	66 Neutral	¥25.87B	10.02	―	1.88%	0.99%	830.67%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2820	60 Neutral	¥27.83B	18.52	―	1.79%	10.86%	1.79%

KENKO Mayonnaise Co., Ltd. Corporate Events

KENKO Mayonnaise Completes Disposal of Treasury Shares for Director Remuneration

KENKO Mayonnaise Co., Ltd. has completed the payment procedures for the disposal of 18,657 treasury shares as restricted share remuneration, following a resolution by its Board of Directors. This strategic move is aimed at aligning the interests of its directors with the company’s performance, potentially enhancing governance and stakeholder value.

The most recent analyst rating on (JP:2915) stock is a Buy with a Yen2087.00 price target. To see the full list of analyst forecasts on KENKO Mayonnaise Co., Ltd. stock, see the JP:2915 Stock Forecast page.

KENKO Mayonnaise Reports Decline in Quarterly Profits but Forecasts Growth

KENKO Mayonnaise Co., Ltd. reported a decline in its financial performance for the three months ended June 30, 2025, with net sales decreasing by 1.4% and significant drops in operating and ordinary profits compared to the previous year. Despite the downturn, the company maintains a stable financial position with a slight increase in equity-to-asset ratio, and it has forecasted a modest growth in net sales for the fiscal year ending March 31, 2026.