Natori Co., Ltd. (JP:2922)
:2922
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Natori Co., Ltd.
(2922)
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Rating:52Neutral
Price Target:
¥1,908.00
▲(0.21% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by volatile cash-flow generation and only modest profitability, despite a comparatively conservative balance sheet. Technical indicators also lean bearish, and the high P/E with a modest dividend yield offers limited valuation support.
Positive Factors
Conservative balance sheet
Leverage reduced to about 0.20 in 2025 and a growing equity base give Natori durable financial flexibility. Lower leverage reduces insolvency risk, supports investment or small M&A, and helps the company absorb raw-material or retail demand shocks over a multi-month horizon.
Negative Factors
Volatile cash-flow conversion
Operating cash flow volatility—big swings across 2023–2026—shows inconsistent conversion of earnings into cash. This unstable cash generation undermines reliable funding for dividends, capex, or inventory needs and raises execution risk tied to working-capital management.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Leverage reduced to about 0.20 in 2025 and a growing equity base give Natori durable financial flexibility. Lower leverage reduces insolvency risk, supports investment or small M&A, and helps the company absorb raw-material or retail demand shocks over a multi-month horizon.
Read all positive factors
Natori Co., Ltd. (2922) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥23.69B
Dividend Yield1.32%
Average Volume (3M)17.78K
Price to Earnings (P/E)53.1
Beta (1Y)0.36
Revenue Growth-0.63%
EPS Growth-0.70%
CountryJP
Employees826
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)77.16
Shares Outstanding15,032,209
10 Day Avg. Volume25,200
30 Day Avg. Volume17,783
Financial Highlights & Ratios
PEG Ratio-25.69
Price to Book (P/B)0.87
Price to Sales (P/S)0.50
P/FCF Ratio18.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)94.58
Revenue Forecast (FY)¥49.50B
Natori Co., Ltd. Business Overview & Revenue Model
Company Description
Natori Co., Ltd. manufactures and sells snack products in Japan. The company offers fisheries, meat products, cheese snacks, agricultural products, fried food, material confectionery products, cold snacks, and other products. Natori Co., Ltd. was ...
How the Company Makes Money
Natori makes money by selling packaged processed food products. Revenue is primarily generated from (1) wholesale and retail sales of its processed food lineup—such as seafood-based snacks and other ready-to-eat/processed items—distributed to supe...
Natori Co., Ltd. Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.20B | 48.58B | 48.89B | 47.58B | 45.09B | 45.09B |
| Gross Profit | 9.84B | 10.35B | 10.31B | 10.15B | 8.37B | 10.45B |
| EBITDA | 2.57B | 3.01B | 3.18B | 3.51B | 2.26B | 3.97B |
| Net Income | 970.95M | 1.34B | 1.35B | 1.40B | 407.49M | 1.56B |
Balance Sheet | ||||||
| Total Assets | 41.87B | 42.58B | 41.57B | 44.11B | 40.52B | 41.87B |
| Cash, Cash Equivalents and Short-Term Investments | 4.69B | 4.61B | 4.51B | 6.08B | 2.01B | 4.88B |
| Total Debt | 4.15B | 4.92B | 5.28B | 6.30B | 7.39B | 7.78B |
| Total Liabilities | 15.68B | 14.91B | 15.36B | 19.04B | 16.94B | 18.46B |
| Stockholders Equity | 26.18B | 27.68B | 26.21B | 25.07B | 23.58B | 23.41B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.31B | 8.73M | 6.35B | -1.48B | 1.86B |
| Operating Cash Flow | 0.00 | 1.68B | 342.09M | 6.48B | -1.33B | 3.67B |
| Investing Cash Flow | 0.00 | -487.09M | 20.86M | -891.63M | -710.11M | -2.18B |
| Financing Cash Flow | 0.00 | -1.19B | -1.93B | -1.51B | -834.12M | -246.15M |
Natori Co., Ltd. Technical Analysis
Neutral
1904.00
Price Trends
1904.95
Negative
1902.80
Negative
1933.14
Negative
Market Momentum
-4.77
Negative
51.66
Neutral
79.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2922, the sentiment is Neutral. The current price of 1904 is above the 20-day moving average (MA) of 1878.50, below the 50-day MA of 1904.95, and below the 200-day MA of 1933.14, indicating a neutral trend. The MACD of -4.77 indicates Negative momentum. The RSI at 51.66 is Neutral, neither overbought nor oversold. The STOCH value of 79.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2922.
Natori Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥22.58B | -13.86 | ― | 1.87% | 4.26% | 27.55% | |
68 Neutral | ¥15.89B | 10.26 | ― | 1.74% | 7.50% | 86.59% | |
63 Neutral | ¥23.63B | 29.99 | ― | 1.87% | 1.95% | -57.52% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | ¥23.69B | 53.09 | ― | 1.32% | -0.63% | -0.70% | |
48 Neutral | ¥14.19B | 51.12 | ― | 1.61% | 2.00% | -44.01% | |
46 Neutral | ¥33.74B | 21.75 | ― | 1.65% | -1.17% | -95.57% |
* Consumer Defensive Sector Average
JP:2922
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.