Pharma Foods International Co., Ltd. (JP:2929)
:2929
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Pharma Foods International Co., Ltd.
(2929)
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Rating:52Neutral
Price Target:
¥679.00
▲(0.00% Upside)
Action:ReiteratedDate:03/17/26
The score is held back primarily by weakening profitability and negative operating/free cash flow, despite continued revenue growth and improved leverage. Technicals are mixed (short-term strength but longer-term downtrend), and valuation is a headwind due to a very high P/E, with the dividend yield providing only partial support.
Positive Factors
Revenue Growth
Consistent revenue growth (+5.6% latest year) indicates durable demand for the company’s supplements and functional foods across channels. Steady top-line expansion supports scale economics, helps absorb fixed costs, and provides a platform for reinvestment in product development and distribution over the next 2–6 months.
Negative Factors
Net Margin Collapse
A plunge in net margin from 5.16% to 0.56% is a structural red flag: it implies rising operating costs, weaker pricing power, or one-off losses that are eroding the company’s ability to convert sales into profits. Sustained low net margins will limit retained earnings and constrain strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth (+5.6% latest year) indicates durable demand for the company’s supplements and functional foods across channels. Steady top-line expansion supports scale economics, helps absorb fixed costs, and provides a platform for reinvestment in product development and distribution over the next 2–6 months.
Read all positive factors
Pharma Foods International Co., Ltd. (2929) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.56B
Dividend Yield3.65%
Average Volume (3M)110.46K
Price to Earnings (P/E)72.7
Beta (1Y)0.76
Revenue Growth9.53%
EPS Growth-155.76%
CountryJP
Employees642
SectorHealthcare
Sector Strength45
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)2.43
Shares Outstanding29,079,000
10 Day Avg. Volume122,950
30 Day Avg. Volume110,460
Financial Highlights & Ratios
PEG Ratio-0.78
Price to Book (P/B)2.21
Price to Sales (P/S)0.39
P/FCF Ratio-12.86
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
Pharma Foods International Co., Ltd. Business Overview & Revenue Model
Company Description
Pharma Foods International Co., Ltd. engages in the development and sale of functional food ingredients in Japan. Its products include Pharma-GABA, Bonepep, Ovopron (egg yolk globulin), Delicious Catechin, RunPep, and enriched Folic Acid Egg, as w...
How the Company Makes Money
Pharma Foods International Co., Ltd. generates revenue primarily through the sale of its dietary supplements and functional food products. The company employs a multi-channel distribution strategy that includes direct sales, e-commerce platforms, ...
Pharma Foods International Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.84B | 65.26B | 62.15B | 68.57B | 60.19B | 46.75B |
| Gross Profit | 54.56B | 52.53B | 48.65B | 55.21B | 48.06B | 39.68B |
| EBITDA | 144.00M | 3.15B | 6.02B | 4.16B | 1.60B | 5.86B |
| Net Income | -1.69B | 368.00M | 3.21B | 3.08B | -374.00M | 3.84B |
Balance Sheet | ||||||
| Total Assets | 32.26B | 32.78B | 36.57B | 36.23B | 31.16B | 20.94B |
| Cash, Cash Equivalents and Short-Term Investments | 7.69B | 9.16B | 15.67B | 16.31B | 8.85B | 9.79B |
| Total Debt | 14.85B | 12.66B | 16.90B | 20.12B | 16.89B | 4.92B |
| Total Liabilities | 22.48B | 21.23B | 24.99B | 26.60B | 24.08B | 12.48B |
| Stockholders Equity | 9.77B | 11.55B | 11.59B | 9.63B | 7.07B | 8.46B |
Cash Flow | ||||||
| Free Cash Flow | -4.83B | -1.98B | 4.54B | 5.74B | -6.53B | 5.78B |
| Operating Cash Flow | -3.89B | -1.09B | 5.49B | 6.13B | -6.07B | 5.94B |
| Investing Cash Flow | -1.02B | -950.00M | -1.39B | -1.01B | -2.54B | -442.00M |
| Financing Cash Flow | 1.50B | -4.47B | -4.84B | 2.34B | 7.68B | 1.03B |
Pharma Foods International Co., Ltd. Technical Analysis
Neutral
679.00
Price Trends
647.05
Positive
686.17
Negative
772.46
Negative
Market Momentum
6.06
Negative
52.03
Neutral
69.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2929, the sentiment is Neutral. The current price of 679 is above the 20-day moving average (MA) of 625.70, above the 50-day MA of 647.05, and below the 200-day MA of 772.46, indicating a neutral trend. The MACD of 6.06 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 69.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2929.
Pharma Foods International Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥440.40B | 15.43 | 7.11% | 2.43% | 3.53% | 38.23% | |
69 Neutral | ¥290.42B | 7.12 | 9.05% | 3.30% | 10.51% | 9.62% | |
64 Neutral | ¥6.27B | 11.64 | ― | 3.21% | 4.25% | ― | |
62 Neutral | ¥9.37B | 15.24 | ― | 2.55% | 3.23% | 42.87% | |
52 Neutral | ¥19.56B | 72.72 | ― | 3.65% | 9.53% | -155.76% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | ¥11.63B | 7.11 | ― | 1.06% | 5.42% | -62.03% |
* Healthcare Sector Average
JP:2929
Pharma Foods International Co., Ltd.
675.00
-208.07
-23.56%
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Pharma Foods International Co., Ltd. Corporate Events
Pharma Foods Lifts FY2026 Forecast as Upfront Investments Boost Profitability
Mar 23, 2026
Pharma Foods International reported that the first half of FY2026 was an aggressive investment phase, with strategic upfront spending executed as planned to strengthen its business base and future profitability. The company is redefining its ̶...
Pharma Foods Swings to Interim Loss but Signals Full-Year Profit Rebound
Mar 13, 2026
Pharma Foods International reported consolidated net sales of ¥32.44 billion for the six months ended January 31, 2026, up 8.7% year on year, but swung to an operating loss of ¥2.36 billion and a net loss attributable to owners of the pa...
Pharma Foods Raises Profit Outlook for FY2026 on Strong B2C and New Products
Mar 13, 2026
Pharma Foods International has revised its full-year consolidated forecast for the fiscal year ending July 2026, projecting slightly lower net sales of JPY 67 billion but significantly higher profitability. The company now expects operating and or...
Pharma Foods Confirms Stable Interim Dividend Amid Growth-Focused Investment Strategy
Feb 16, 2026
Pharma Foods International Co., Ltd., a Tokyo Prime-listed health and functional foods company, focuses on developing high-value ingredients and products while expanding its market reach through RD, new business creation, advertising, and strategi...
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.
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