Want to see JP:2922 full AI Analyst Report?
Top Page
Natori Co., Ltd.
(2922)
Select Model
Select Model
Rating:64Neutral
Price Target:
¥2,155.00
▲(8.62% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial performance—especially uneven cash-flow conversion and modest, volatile margins—partly offset by a solid balance sheet. Technicals are a secondary positive with the stock trading above key moving averages and showing constructive momentum. Valuation is supportive but not compelling, with a mid-teens P/E and a modest dividend yield.
Positive Factors
Conservative, improving leverage
Lower leverage and a steadily growing equity base provide financial flexibility for manufacturing, product development and distribution investment. This reduces balance-sheet risk and gives Natori greater resilience if input costs or consumer demand weaken.
Negative Factors
Flat to declining revenue
Limited top-line expansion constrains operating leverage and makes sustained earnings growth dependent on pricing, mix or efficiency gains. The recent decline also suggests Natori faces a mature or competitive domestic packaged-food market.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, improving leverage
Lower leverage and a steadily growing equity base provide financial flexibility for manufacturing, product development and distribution investment. This reduces balance-sheet risk and gives Natori greater resilience if input costs or consumer demand weaken.
Read all positive factors
Natori Co., Ltd. (2922) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥25.34B
Dividend Yield1.29%
Average Volume (3M)17.78K
Price to Earnings (P/E)13.0
Beta (1Y)0.34
Revenue Growth-1.66%
EPS Growth101.11%
CountryJP
Employees815
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)155.20
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. is a Japanese enterprise primarily involved in the production and distribution of snack foods. Its diverse product portfolio encompasses seafood-based snacks, various meat products, cheese-flavored treats, agricultural items, frie...
How the Company Makes Money
Natori makes money primarily by selling branded processed food products. Revenue is generated from wholesale shipments and/or direct sales (depending on channel) of packaged foods to retailers and distributors that supply supermarkets, convenience...
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 | 48.38B | 48.58B | 48.89B | 47.58B | 45.09B | 45.09B |
| Gross Profit | 11.28B | 10.35B | 10.31B | 10.15B | 8.37B | 10.45B |
| EBITDA | 3.94B | 3.01B | 3.18B | 3.51B | 2.26B | 3.97B |
| Net Income | 1.95B | 1.34B | 1.35B | 1.40B | 407.49M | 1.56B |
Balance Sheet | ||||||
| Total Assets | 43.07B | 42.58B | 41.57B | 44.11B | 40.52B | 41.87B |
| Cash, Cash Equivalents and Short-Term Investments | 5.00B | 4.61B | 4.51B | 6.08B | 2.01B | 4.88B |
| Total Debt | 3.67B | 4.92B | 5.28B | 6.30B | 7.39B | 7.78B |
| Total Liabilities | 14.99B | 14.91B | 15.36B | 19.04B | 16.94B | 18.46B |
| Stockholders Equity | 28.08B | 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
Positive
1984.00
Price Trends
1947.54
Positive
1920.41
Positive
1918.36
Positive
Market Momentum
6.16
Negative
61.74
Neutral
80.96
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2922, the sentiment is Positive. The current price of 1984 is above the 20-day moving average (MA) of 1979.15, above the 50-day MA of 1947.54, and above the 200-day MA of 1918.36, indicating a bullish trend. The MACD of 6.16 indicates Negative momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 80.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ¥17.23B | 10.82 | ― | 1.74% | 5.33% | 72.51% | |
69 Neutral | ¥23.43B | 10.86 | ― | 1.87% | 5.01% | 120.83% | |
64 Neutral | ¥25.34B | 12.98 | ― | 1.31% | -1.66% | 101.11% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥25.57B | 28.48 | ― | 1.87% | -0.27% | -62.67% | |
52 Neutral | ¥37.62B | 377.33 | ― | 1.65% | -0.17% | -70.23% | |
49 Neutral | ¥13.90B | 42.31 | ― | 1.61% | 2.79% | -56.09% |
* Consumer Defensive Sector Average
JP:2922
Natori Co., Ltd.
2,014.00
23.00
1.16%
JP:2819
Ebara Foods Industry, Inc.
2,514.00
-13.44
-0.53%
JP:2903
Shinobu Foods Products Co., Ltd.
1,578.00
227.32
16.83%
JP:2904
Ichimasa Kamaboko Co., Ltd.
754.00
24.20
3.32%
JP:2910
Rock Field Co., Ltd.
1,415.00
-114.09
-7.46%
JP:2933
KIBUN FOODS INC.
1,120.00
-2.48
-0.22%
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.