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Sato Foods Co., Ltd.
(2923)
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Rating:61Neutral
Price Target:
¥8,989.00
▲(23.31% Upside)
Action:Reiterated
Date:06/16/26
The score is driven primarily by financial performance: solid sales and profitability are meaningfully outweighed by sharply weaker operating cash flow and negative free cash flow, alongside gradually higher leverage. Valuation is supportive (P/E ~12), while technicals are weaker due to the stock trading below key moving averages despite some positive momentum signals.
Positive Factors
Staple branded products
Sato Foods' core brands focus on shelf-stable staple foods sold via mass retailers and wholesalers. That entrenched consumer demand and broad retail distribution support recurring sales, lower cyclicality, and durable baseline volumes across seasons and economic cycles.
Negative Factors
Weak cash generation
Sharp decline in operating cash flow and a swing to negative free cash flow signal weaker earnings quality and higher funding needs. Persistent negative FCF constrains capex, working-capital cushions and dividend funding, increasing reliance on external financing in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Staple branded products
Sato Foods' core brands focus on shelf-stable staple foods sold via mass retailers and wholesalers. That entrenched consumer demand and broad retail distribution support recurring sales, lower cyclicality, and durable baseline volumes across seasons and economic cycles.
Read all positive factors
Sato Foods Co., Ltd. (2923) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥42.97B
Dividend Yield0.8%
Average Volume (3M)6.26K
Price to Earnings (P/E)15.5
Beta (1Y)0.28
Revenue Growth11.39%
EPS Growth43.67%
CountryJP
Employees663
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)555.31
Shares Outstanding5,075,500
10 Day Avg. Volume2,740
30 Day Avg. Volume6,256
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.45
Price to Sales (P/S)0.69
P/FCF Ratio-8.73
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)N/A
Revenue Forecast (FY)N/A
Sato Foods Co., Ltd. Business Overview & Revenue Model
Company Description
Sato Foods Co., Ltd. engages in the manufacture and sale of packed mochi and rice. Its products include Satos Rice, Satos mochi, and Satos Kagami-mochi. The company was founded by Kansaku Sato in April 1950 and is headquartered in Niigata, Japan....
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 ...
Sato Foods Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Apr 2026 | Apr 2024 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.78B | 46.48B | 42.58B | 39.67B | 39.05B |
| Gross Profit | 13.57B | 11.50B | 11.16B | 10.01B | 10.42B |
| EBITDA | 6.26B | 5.70B | 4.97B | 4.42B | 4.80B |
| Net Income | 2.80B | 1.95B | 2.30B | 1.84B | 1.94B |
Balance Sheet | |||||
| Total Assets | 57.95B | 49.28B | 44.13B | 39.53B | 36.54B |
| Cash, Cash Equivalents and Short-Term Investments | 3.86B | 4.87B | 2.67B | 3.48B | 1.67B |
| Total Debt | 20.44B | 18.59B | 15.72B | 14.19B | 12.25B |
| Total Liabilities | 33.09B | 26.80B | 23.54B | 21.28B | 20.07B |
| Stockholders Equity | 24.86B | 22.48B | 20.59B | 18.26B | 16.48B |
Cash Flow | |||||
| Free Cash Flow | -4.12B | 164.40M | -1.93B | 771.06M | -195.28M |
| Operating Cash Flow | 2.02B | 4.88B | 2.14B | 3.04B | 1.59B |
| Investing Cash Flow | -4.55B | -5.18B | -4.18B | -2.92B | -2.11B |
| Financing Cash Flow | 1.52B | 2.50B | 1.22B | 1.69B | 1.83B |
Sato Foods Co., Ltd. Technical Analysis
Positive
7290.00
Price Trends
7417.90
Positive
7410.68
Positive
7676.07
Positive
Market Momentum
318.15
Negative
68.33
Neutral
84.24
Negative
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 below the 20-day moving average (MA) of 7813.50, below the 50-day MA of 7417.90, and below the 200-day MA of 7676.07, indicating a bullish trend. The MACD of 318.15 indicates Negative momentum. The RSI at 68.33 is Neutral, neither overbought nor oversold. The STOCH value of 84.24 is Negative, 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥32.51B | 12.37 | ― | 1.96% | 0.57% | 7.20% | |
63 Neutral | ¥24.54B | 22.40 | ― | 1.87% | 1.95% | -57.52% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥42.97B | 15.49 | ― | 0.80% | 11.39% | 43.67% | |
53 Neutral | ¥46.47B | 30.84 | 1.97% | 2.92% | -2.70% | 50.14% | |
52 Neutral | ¥36.19B | 363.47 | ― | 1.65% | -0.17% | -70.24% | |
48 Neutral | ¥13.99B | 29.92 | ― | 1.61% | 2.00% | -44.01% |
* Consumer Defensive Sector Average
JP:2923
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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.