Sato Foods Co., Ltd. (2923) AI Stock Analysis

• Market Cap: ¥36.62B
• Dividend Yield: 0.8%
• Average Volume (3M): 6.26K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.29
• Revenue Growth: 11.39%
• EPS Growth: 43.67%
• Country: JP
• Employees: 631
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 564.30
• Shares Outstanding: 5,075,500
• 10 Day Avg. Volume: 2,740
• 30 Day Avg. Volume: 6,256
• PEG Ratio: 0.29
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -8.73
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ¥7,153.00 ▼(-1.88% Downside)
• Action: Reiterated
• Date: 06/16/26

Positive Factors

Revenue Growth

Sato Foods shows a multi-year trend of rising top-line sales with acceleration into FY2026. Durable growth in staple packaged foods indicates expanding market penetration and stable consumer demand, supporting revenue resilience and providing a structural base for reinvestment and scale benefits.

Negative Factors

Weak Cash Generation

Operating cash conversion has deteriorated sharply, producing negative free cash flow in FY2026 despite accounting profits. This persistent cash shortfall strains liquidity, may force external funding or cutbacks in investment/dividends, and reduces margin of safety against shocks over coming quarters.

Sato Foods Co., Ltd. Business Overview & Revenue Model

Company Description

This Japanese company specializes in the manufacturing and distribution of pre-packaged mochi (rice cakes) and ready-to-eat cooked rice. Its product lineup includes popular brands such as Sato no Gohan, Kirimochi, and Usagimochi. The firm was esta...

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This Japanese company specializes in the manufacturing and distribution of pre-packaged mochi (rice cakes) and ready-to-eat cooked rice. Its product lineup includes popular brands such as Sato no Gohan, Kirimochi, and Usagimochi. The firm was esta...

How the Company Makes Money

Sato Foods generates revenue primarily by manufacturing and selling branded packaged foods—especially ready-to-eat packaged rice and packaged mochi—at wholesale prices to distribution channels that supply end consumers. Its core revenue stream is ...

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Sato Foods generates revenue primarily by manufacturing and selling branded packaged foods—especially ready-to-eat packaged rice and packaged mochi—at wholesale prices to distribution channels that supply end consumers. Its core revenue stream is ...

Sato Foods Co., Ltd. Financial Statement Overview

Breakdown	TTM	Apr 2026	Apr 2024	Apr 2024	Apr 2023	Apr 2022
Income Statement
Total Revenue	47.87B	51.78B	46.48B	42.58B	39.67B	39.05B
Gross Profit	12.36B	13.57B	11.50B	11.16B	10.01B	10.42B
EBITDA	6.41B	6.26B	5.70B	4.97B	4.42B	4.80B
Net Income	2.85B	2.80B	1.95B	2.30B	1.84B	1.94B
Balance Sheet
Total Assets	46.69B	57.95B	49.28B	44.13B	39.53B	36.54B
Cash, Cash Equivalents and Short-Term Investments	1.90B	3.86B	4.87B	2.67B	3.48B	1.67B
Total Debt	16.70B	20.44B	18.59B	15.72B	14.19B	12.25B
Total Liabilities	23.66B	33.09B	26.80B	23.54B	21.28B	20.07B
Stockholders Equity	23.04B	24.86B	22.48B	20.59B	18.26B	16.48B
Cash Flow
Free Cash Flow	0.00	-4.12B	164.40M	-1.93B	771.06M	-195.28M
Operating Cash Flow	0.00	2.02B	4.88B	2.14B	3.04B	1.59B
Investing Cash Flow	0.00	-4.55B	-5.18B	-4.18B	-2.92B	-2.11B
Financing Cash Flow	0.00	1.52B	2.50B	1.22B	1.69B	1.83B

Sato Foods Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7290.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2923, the sentiment is Positive. The current price of 7290 is above the 20-day moving average (MA) of 7242.50, above the 50-day MA of 7177.93, and below the 200-day MA of 7635.13, indicating a neutral trend. The MACD of -11.44 indicates Positive momentum. The RSI at 52.10 is Neutral, neither overbought nor oversold. The STOCH value of 41.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2923.

Sato Foods Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2831	72 Outperform	¥32.89B	12.47	―	1.96%	0.57%	7.20%
2933	63 Neutral	¥24.11B	21.93	―	1.87%	1.95%	-57.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2923	61 Neutral	¥36.62B	13.08	―	0.80%	11.39%	43.67%
2908	53 Neutral	¥44.70B	29.76	1.97%	2.92%	-2.70%	50.14%
2910	52 Neutral	¥33.85B	339.51	―	1.65%	-0.17%	-70.24%
2904	48 Neutral	¥14.41B	30.80	―	1.61%	2.00%	-44.01%