Okamura Foods Co. Ltd. (JP:2938)
:2938
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Okamura Foods Co. Ltd.
(2938)
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Rating:63Neutral
Price Target:
¥1,560.00
▲(49.43% Upside)
Action:Reiterated
Date:10/29/25
The overall stock score is primarily influenced by strong financial performance, despite cash flow volatility. Technical analysis indicates neutral momentum, and valuation metrics suggest the stock is relatively expensive with limited dividend yield.
Positive Factors
Strong revenue growth
A 56.6% year change indicates robust top-line expansion that can be durable if driven by market share gains and product demand. Sustained revenue growth supports scale economics, funds reinvestment in capacity and products, and improves resilience to fixed-cost leverage over months.
Negative Factors
Free cash flow volatility
While free cash flow has shifted to positive territory recently, historical volatility undermines predictable funding for capex, inventory and dividends. In an industry with seasonality and input price swings, inconsistent cash generation can force reliance on external financing and limit strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
A 56.6% year change indicates robust top-line expansion that can be durable if driven by market share gains and product demand. Sustained revenue growth supports scale economics, funds reinvestment in capacity and products, and improves resilience to fixed-cost leverage over months.
Read all positive factors
Okamura Foods Co. Ltd. (2938) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥73.62B
Dividend Yield0.34%
Average Volume (3M)77.80K
Price to Earnings (P/E)22.5
Beta (1Y)0.67
Revenue Growth10.22%
EPS Growth13.91%
CountryJP
Employees852
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)105.75
Shares Outstanding50,254,460
10 Day Avg. Volume106,360
30 Day Avg. Volume77,803
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)6.73
Price to Sales (P/S)3.06
P/FCF Ratio68.98
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)51.8
Revenue Forecast (FY)¥39.50B
Okamura Foods Co. Ltd. Business Overview & Revenue Model
Company Description
Okamura Foods Co., Ltd. farms, produces, and sells salmon trout in Japan and internationally. The company also processes and sells as salmon roe, sujiko, herring roe, raw salmon sushi toppings, baked grilled fish, and boiled fish. In addition, it ...
How the Company Makes Money
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Okamura Foods Co. Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2024 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.34B | 32.66B | 28.94B | 24.10B | 20.21B |
| Gross Profit | 7.39B | 6.46B | 6.95B | 5.92B | 4.11B |
| EBITDA | 4.47B | 4.33B | 4.46B | 4.04B | 2.21B |
| Net Income | 2.02B | 1.97B | 2.39B | 2.25B | 992.00M |
Balance Sheet | |||||
| Total Assets | 41.27B | 39.17B | 30.11B | 24.33B | 17.39B |
| Cash, Cash Equivalents and Short-Term Investments | 4.42B | 4.83B | 2.06B | 1.96B | 1.94B |
| Total Debt | 17.29B | 18.89B | 15.00B | 11.57B | 9.02B |
| Total Liabilities | 25.23B | 25.02B | 20.14B | 16.88B | 12.12B |
| Stockholders Equity | 16.04B | 14.15B | 9.97B | 7.45B | 5.26B |
Cash Flow | |||||
| Free Cash Flow | 1.57B | -2.06B | -3.27B | -2.54B | 2.12B |
| Operating Cash Flow | 3.54B | 277.00M | -1.14B | -863.00M | 3.61B |
| Investing Cash Flow | -1.99B | -2.34B | -2.13B | -1.63B | -1.20B |
| Financing Cash Flow | -1.93B | 4.73B | 3.30B | 2.46B | -2.69B |
Okamura Foods Co. Ltd. Technical Analysis
Positive
1044.00
Price Trends
1219.30
Positive
1178.09
Positive
1184.73
Positive
Market Momentum
42.24
Negative
80.38
Negative
96.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2938, the sentiment is Positive. The current price of 1044 is below the 20-day moving average (MA) of 1248.80, below the 50-day MA of 1219.30, and below the 200-day MA of 1184.73, indicating a bullish trend. The MACD of 42.24 indicates Negative momentum. The RSI at 80.38 is Negative, neither overbought nor oversold. The STOCH value of 96.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2938.
Okamura Foods Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥59.62B | 8.50 | ― | 2.44% | 3.38% | 57.67% | |
70 Outperform | ¥65.06B | 19.80 | ― | 3.98% | 0.60% | -6.50% | |
64 Neutral | ¥104.13B | 9.98 | ― | 3.80% | 0.30% | -7.99% | |
63 Neutral | ¥73.62B | 22.50 | ― | 0.34% | 10.22% | 13.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | ¥196.15B | 9.92 | 7.56% | 2.84% | 2.53% | -4.69% | |
56 Neutral | ¥89.12B | 10.54 | ― | 3.59% | 6.25% | 246.08% |
* Consumer Defensive Sector Average
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Okamura Foods Co. Ltd. Corporate Events
Okamura Foods Subsidiary Launches Hokkaido Aquaculture Joint Venture
May 14, 2026
Okamura Foods’ subsidiary Japan Salmon Farm Co., Ltd. will establish a new joint venture, Japan Salmon Farm Yakumo Co., Ltd., in Yakumo Town, Hokkaido, together with the Hiyama Fisheries Cooperative Association and the local municipality. Th...
Okamura Foods Highlights FY2026 Q3 Results and 2030 Targets Progress
May 14, 2026
Okamura Foods Co., Ltd., a Japan-based food manufacturer listed under code 2938, operates in the broader food products industry, though the release excerpt does not specify its key product lines or target markets. The firm is presenting financial ...
Okamura Foods Posts Strong Nine-Month Earnings and Affirms Bullish Full-Year Outlook
May 14, 2026
Okamura Foods reported strong results for the nine months ended March 31, 2026, with net sales rising 13.4% year on year to ¥28.7 billion and profit attributable to owners of parent climbing 32.9% to ¥2.1 billion, supported by solid oper...
Okamura Foods to Launch Netherlands Subsidiary for European Aquaculture Expansion
Mar 24, 2026
Okamura Foods will establish a wholly owned subsidiary, Okamura Trading Netherlands B.V., in Amsterdam in May 2026 to expand its overseas wholesale business into Europe. The Netherlands was chosen as the first European base for its access to major...
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.