Oisix ra daichi, Inc. (3182) AI Stock Analysis

• Market Cap: ¥48.53B
• Dividend Yield: 0.52%
• Average Volume (3M): 198.61K
• Price to Earnings (P/E): 3.8
• Beta (1Y): 0.71
• Revenue Growth: 20.97%
• EPS Growth: -56.39%
• Country: JP
• Employees: 11,456
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Food Distribution
• EPS (TTM): 99.14
• Shares Outstanding: 37,960,000
• 10 Day Avg. Volume: 226,640
• 30 Day Avg. Volume: 198,613
• PEG Ratio: -1.58
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 50.15
• 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): 132.1
• Revenue Forecast (FY): ¥254.65B

• Rating: 61 Neutral
• Price Target: ¥1,403.00 ▼(-6.03% Downside)
• Action: Downgraded Date: 11/19/25
• Date: Action: Downgraded 11/19/25

Oisix ra daichi, Inc. has a stable financial position with strong revenue growth, but faces challenges in profitability and high leverage. The technical analysis indicates bearish momentum, and the valuation suggests moderate overvaluation. These factors contribute to a moderate overall stock score.

Positive Factors

Direct-to-consumer subscription model

A recurring D2C subscription model provides predictable, repeatable revenue and stronger customer lifetime value versus one-off retail sales. It supports stable demand, recurring order data for optimization, and direct margins, enabling durable revenue visibility and cross-sell opportunities over months.

Robust top-line growth

A 72% year-over-year revenue gain signals strong underlying demand and successful scale-up of the business. Durable revenue expansion increases operating leverage potential, supports investment in logistics and product assortment, and gives management runway to improve unit economics over the next several months.

Improving gross and EBITDA margins

Rising gross and EBITDA margins imply better procurement, pricing, or fulfillment efficiency. Margin improvement at the gross and EBITDA level is a durable sign management is extracting cost efficiencies and has pricing power, which supports progression toward sustainable profitability over time.

Negative Factors

Elevated financial leverage

A debt-to-equity ratio near 1.7 and low equity ratio reduce financial flexibility and increase sensitivity to interest-rate moves. Elevated leverage constrains capital allocation, raises refinancing risk, and can limit the firm's ability to fund growth or withstand macro shocks over the medium term.

Very low net profit margin

A net margin near 1.4% despite strong revenue growth shows profits are being absorbed by operating costs, SG&A, or financing. Persistently thin net margins limit retained earnings, reduce ROE improvement potential, and constrain the firm's ability to convert growth into shareholder returns over several months.

Weak free cash flow generation

Declining free cash flow and an FCF-to-net-income ratio of 0.26 mean limited cash remains after capex. This constrains reinvestment, debt repayment, and margin-improvement initiatives, reducing operational optionality and making the company more reliant on external financing in the medium term.

Oisix ra daichi, Inc. Business Overview & Revenue Model

Company Description

Oisix ra daichi Inc. engages in the online and catalogue sale of organic vegetables, agricultural products, additive free processed foods, and other food products and ingredients to general consumers in Japan. The company offers food products through Oisix stores; Oisix order services that enables consumers to order hard to find seasonal products; Oitoku, a regular delivery services that provides customers with pre-registered products at discounted prices; Daichi wo mamorukai, a household delivery services for organic agricultural products; and Tavelty for seasonal vegetable novelty packs. In addition, it offers advertising services; solutions support to companies for repeat sales; website user interface/user experience enhancement; temperature-controlled food distribution; new online customer acquisitions; and know-how on omni-channel retailing. The company was formerly known as Oisix.daichi Inc., and changed its name to Oisix ra daichi Inc. in July 2018. Oisix ra daichi Inc. was incorporated in 1997 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Oisix ra daichi primarily makes money by selling food products through direct-to-consumer (D2C) channels, especially recurring subscription-style services and online ordering with home delivery. Its core revenue stream comes from customers purchasing curated boxes and assorted food items (e.g., fresh produce, groceries, prepared foods/meal kits) via its e-commerce platforms; revenue is recognized as products are sold and delivered. The company also earns revenue from non-subscription (one-time) orders placed through its online storefronts. In addition to D2C sales, the company has historically expanded through multiple brands and business lines under its group, including services that provide food/meal solutions to different customer segments; however, specific revenue breakdowns by segment, the relative contribution of each brand, and any material partnership terms are null.

Oisix ra daichi, Inc. Financial Statement Overview

Summary

Oisix ra daichi, Inc. shows strong revenue growth and operational efficiencies, but faces challenges in profitability conversion and high debt levels. The cash flow statement indicates limited free cash flow for future investments.

Income Statement

Oisix ra daichi, Inc. demonstrated strong revenue growth with a 72.49% increase in total revenue from 2024 to 2025. The gross profit margin improved to 29.39% in 2025, indicating efficient cost management. However, the net profit margin decreased to 1.42% in 2025, reflecting challenges in translating revenue growth into net income. The EBIT margin was stable at 2.68%, while the EBITDA margin showed a slight improvement to 5.18%, suggesting operational efficiencies.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.71 in 2025, which could pose financial risk if interest rates rise. The return on equity (ROE) decreased to 11.94% in 2025, indicating reduced profitability relative to equity. The equity ratio of 22.64% suggests moderate leverage, with a reliance on debt financing. Overall, the balance sheet reflects a stable yet leveraged position.

Cash Flow

The operating cash flow to net income ratio of 0.96 in 2025 suggests adequate cash generation relative to net income. However, free cash flow decreased significantly from 2024 to 2025, resulting in a negative free cash flow growth rate. The free cash flow to net income ratio of 0.26 indicates limited cash available after capital expenditures, which may constrain investment opportunities.

Breakdown	TTM	Mar 2026	Mar 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	259.21B	256.01B	148.41B	115.18B	113.48B	100.06B
Gross Profit	75.89B	75.21B	61.85B	55.44B	54.55B	50.62B
EBITDA	13.51B	12.80B	8.24B	5.60B	6.24B	8.91B
Net Income	4.03B	3.64B	4.11B	1.81B	2.73B	5.03B
Balance Sheet
Total Assets	136.74B	134.56B	143.71B	64.50B	52.63B	38.36B
Cash, Cash Equivalents and Short-Term Investments	20.98B	19.16B	29.65B	14.78B	13.07B	15.58B
Total Debt	50.17B	52.09B	51.73B	22.16B	13.80B	1.35B
Total Liabilities	96.48B	95.07B	106.31B	38.36B	28.76B	18.36B
Stockholders Equity	31.07B	30.46B	29.09B	24.60B	22.13B	19.09B
Cash Flow
Free Cash Flow	0.00	944.00M	5.56B	4.08B	-1.27B	7.79B
Operating Cash Flow	0.00	3.50B	7.18B	5.31B	924.00M	8.82B
Investing Cash Flow	0.00	-11.59B	-10.62B	-12.10B	-3.21B	-2.03B
Financing Cash Flow	0.00	-2.42B	18.07B	8.23B	-264.00M	1.14B

Oisix ra daichi, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1493.00
• 50DMA: Negative
• 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:3182, the sentiment is Negative. The current price of 1493 is above the 20-day moving average (MA) of 1377.70, above the 50-day MA of 1429.92, and below the 200-day MA of 1591.08, indicating a bearish trend. The MACD of -21.13 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 23.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3182.

Oisix ra daichi, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2692	69 Neutral	¥164.93B	9.61	―	1.39%	3.91%	-0.28%
8030	68 Neutral	¥16.78B	2.44	―	3.17%	5.19%	11.04%
8079	64 Neutral	¥70.44B	15.39	―	1.48%	8.41%	-3.65%
2281	62 Neutral	¥135.32B	14.71	―	3.02%	2.16%	-24.33%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3182	61 Neutral	¥48.53B	3.77	―	0.52%	20.97%	-56.39%
7686	60 Neutral	¥12.51B	7.69	―	4.65%	4.62%	-56.98%

Oisix ra daichi, Inc. Corporate Events

Oisix ra daichi outlines FY25 Q3 priorities, structural changes and capital policy

Oisix ra daichi, Inc. released a third-quarter FY25 FAQ outlining its performance drivers and operational focus across B2C and B2B subscription food services. The document highlights how the company manages logistics, manufacturing, and procurement amid shifts in food, labor, shipping costs, and monetary policy, while also addressing mid-term targets and capital allocation.

The company flagged upcoming changes to segment information from FY26, a revised shareholder return policy, and progress on M&A and subsidiary reorganization. These moves indicate efforts to refine business structure, improve profitability visibility, and optimize returns to shareholders, aiming to strengthen its competitive position in Japan’s food delivery and food service markets.

The most recent analyst rating on (JP:3182) stock is a Hold with a Yen1413.00 price target. To see the full list of analyst forecasts on Oisix ra daichi, Inc. stock, see the JP:3182 Stock Forecast page.

Oisix ra daichi Highlights Mission of Sustainable Farm-to-Table Food Services in Q3 FY25

Oisix ra daichi Inc. outlined its mission for the third quarter of FY25, emphasizing services that improve everyday cooking and dining experiences. The company positions itself as a bridge between farms and tables, striving to create frameworks that continuously link producers and consumers.

The release underscores Oisix ra daichi’s strategy of tackling food-related social issues through business-driven solutions and sustainable practices. By promoting “food for tomorrow,” it seeks to expand awareness of responsible consumption while ensuring farmers are fairly rewarded and motivated, reinforcing its role in socially oriented food distribution.

The most recent analyst rating on (JP:3182) stock is a Hold with a Yen1413.00 price target. To see the full list of analyst forecasts on Oisix ra daichi, Inc. stock, see the JP:3182 Stock Forecast page.

Oisix ra daichi lifts profit and launches dividend despite flat sales

Oisix ra daichi Inc. reported net sales of ¥194.6 billion for the nine months to December 31, 2025, up 0.5% year on year, while EBITDA and operating profit slipped modestly and ordinary profit fell 8%. Profit attributable to owners of the parent, however, climbed 23.6% to ¥4.37 billion, lifting earnings per share to ¥125.84 and supporting the introduction of an annual dividend of ¥16 per share for the year ending March 31, 2026.

The company’s balance sheet shows total assets of ¥115.5 billion and a shareholders’ equity ratio of 23.5%, with net assets down versus March 31, 2025 as consolidation scope changed. Newly consolidated SHiDAX Human & Food Services and ORD Food Services Holdings, alongside the removal of SHiDAX HOLDINGS and other entities, reflect a portfolio reorganization as Oisix forecasts flat full-year sales of ¥255 billion but higher operating profit and nearly 10% growth in profit attributable to owners, signaling a focus on profitability over top-line expansion.

The most recent analyst rating on (JP:3182) stock is a Hold with a Yen1413.00 price target. To see the full list of analyst forecasts on Oisix ra daichi, Inc. stock, see the JP:3182 Stock Forecast page.