Yossix Holdings Co.Ltd. (3221) AI Stock Analysis

• Market Cap: ¥37.71B
• Dividend Yield: 0.94%
• Average Volume (3M): 41.42K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.66
• Revenue Growth: 9.00%
• EPS Growth: -3.45%
• Country: JP
• Employees: 879
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 62.67
• Shares Outstanding: 10,361,000
• 10 Day Avg. Volume: 26,000
• 30 Day Avg. Volume: 41,416
• PEG Ratio: -9.67
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 2.42K
• 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): 173.6
• Revenue Forecast (FY): ¥25.00B

• Rating: 73 Outperform
• Price Target: ¥4,059.00 ▲(35.07% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is driven primarily by strong financial resilience (debt effectively eliminated and solid profitability) but is held back by the sharp deterioration in 2025 cash flow quality. Technicals are supportive with an established uptrend, while valuation is fair with a low dividend yield.

Positive Factors

Conservative Balance Sheet

Effectively no debt and steady equity growth provide long-term financial flexibility. This capital structure lowers insolvency risk, supports investment or acquisition optionality, and allows the company to weather downturns without reliance on external financing, strengthening durability.

Multi-year Revenue Growth

Sustained top-line expansion across 2023–2025 indicates persistent demand and successful market execution. Continued revenue momentum underpins scale economics, supports operating leverage, and gives management runway to expand margins and reinvest for medium-term structural growth.

Healthy Recent ROE

Consistently healthy ROE in recent years shows efficient use of shareholders' capital and supports recurring profitability. Steady equity growth paired with decent returns suggests profitable reinvestment and a stronger ability to generate long-term shareholder value.

Negative Factors

Deteriorating Cash Generation

A marked drop in operating cash versus earnings in 2025 weakens the company's ability to self-fund investments, dividends, and debt servicing. If sustained, lower cash conversion reduces financial resilience and constrains capital allocation flexibility over the medium term.

Margin Softening & Historical Volatility

Recent margin compression alongside a prior loss-making year highlights underlying sensitivity and cyclicality in the business model. This increases the risk of earnings volatility over 2-6 months and complicates forecasting and stable profit delivery absent structural fixes.

Cash Conversion Is a Key Swing Factor

Reliance on volatile cash conversion raises structural concerns: persistent working-capital swings or higher reinvestment could keep free cash flow constrained. That uncertainty may force conservative capital uses and limit strategic initiatives until conversion stabilizes.

Yossix Holdings Co.Ltd. Business Overview & Revenue Model

Company Description

Yossix Holdings Co.,Ltd. engages in the restaurant business in Japan. The company also designs and constructs stores. As of March 31, 2020, it operated 343 stores. The company was formerly known as Yossix Co.,Ltd. Yossix Holdings Co.,Ltd. was founded in 1985 and is headquartered in Nagoya, Japan.

How the Company Makes Money

Yossix Holdings Co., Ltd. generates revenue through the operation of its sushi restaurant chain, where customers pay for individual plates of sushi that are served on a conveyor belt system. This unique dining format allows the company to maximize table turnover rates and efficiently manage labor costs. Additionally, the company may earn revenue from franchising agreements by licensing its brand and operational model to franchisees, who then pay royalties and fees. Strategic partnerships with suppliers help in maintaining cost-effective sourcing of high-quality ingredients, which also enhances profitability.

Yossix Holdings Co.Ltd. Financial Statement Overview

Summary

Strong multi-year revenue growth (2023–2025) and solid recent profitability support the score, reinforced by a very conservative balance sheet with effectively no debt. The main offset is weak 2025 cash conversion (operating cash flow materially lower and free cash flow near breakeven versus earnings), plus evidence of historical volatility in 2021.

Income Statement

Revenue has expanded strongly over the last few years (2023–2025), with 2025 showing continued growth. Profitability is solid and consistent in the latest two years, with healthy gross profit and operating profitability; however, net margin softened in 2025 versus 2024. Results also show a clear historical shock in 2021 (loss-making with negative operating profitability), which highlights some cyclicality/sensitivity in the model despite the more recent recovery.

Balance Sheet

The balance sheet is very conservatively positioned: debt is effectively eliminated in 2025 after being minimal in prior years, and equity has grown steadily. Returns on equity remain healthy in recent periods, though they eased in 2025 versus 2024. The main weakness is the historical volatility in profitability (negative return on equity in 2021), but leverage is not a meaningful risk factor today.

Cash Flow

Cash generation quality deteriorated sharply in 2025: operating cash flow fell materially versus 2024 and covered only a modest portion of net income, while free cash flow was close to breakeven relative to earnings. This is a notable step-down from 2024, when operating and free cash flow were very strong and supported reported profits. Overall, cash flow is the key swing factor and raises questions around working-capital timing and/or higher reinvestment needs in the latest year.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	23.35B	22.91B	21.12B	17.09B	8.58B	9.70B
Gross Profit	15.69B	15.34B	14.09B	10.98B	5.54B	6.33B
EBITDA	2.88B	2.89B	3.00B	1.81B	3.33B	-1.24B
Net Income	1.73B	1.76B	1.81B	961.66M	1.86B	-1.27B
Balance Sheet
Total Assets	14.95B	14.93B	14.57B	12.06B	11.79B	11.27B
Cash, Cash Equivalents and Short-Term Investments	9.68B	9.57B	9.90B	7.84B	7.44B	6.30B
Total Debt	0.00	0.00	10.45M	135.44M	327.10M	390.84M
Total Liabilities	3.23B	3.47B	4.67B	3.27B	3.54B	4.88B
Stockholders Equity	11.71B	11.46B	9.90B	8.79B	8.25B	6.39B
Cash Flow
Free Cash Flow	0.00	11.54M	3.03B	1.18B	1.36B	-534.77M
Operating Cash Flow	0.00	874.74M	3.79B	1.61B	1.65B	66.23M
Investing Cash Flow	0.00	-1.73B	-1.34B	-509.57M	-469.74M	-793.94M
Financing Cash Flow	0.00	-296.39M	-872.11M	-699.53M	-154.92M	216.38M

Yossix Holdings Co.Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3005.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3221, the sentiment is Positive. The current price of 3005 is below the 20-day moving average (MA) of 3433.00, below the 50-day MA of 3218.56, and above the 200-day MA of 2790.46, indicating a bullish trend. The MACD of 121.36 indicates Negative momentum. The RSI at 69.61 is Neutral, neither overbought nor oversold. The STOCH value of 74.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3221.

Yossix Holdings Co.Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3221	73 Outperform	¥37.71B	18.51	―	0.94%	9.00%	-3.45%
3193	69 Neutral	¥43.16B	20.86	―	1.35%	11.02%	-0.61%
7522	65 Neutral	¥39.61B	10.58	―	1.04%	5.47%	61.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2753	61 Neutral	¥30.39B	22.10	―	2.47%	2.93%	-8.37%
3198	60 Neutral	¥49.87B	43.77	―	1.30%	2.90%	-26.37%
3196	46 Neutral	¥42.27B	102.38	―	0.62%	13.05%	-29.04%

Yossix Holdings Co.Ltd. Corporate Events

Yossix accelerates store expansion and posts strong same-store sales rebound

Yossix Holdings continued its expansion in the fiscal year ending March 2026, increasing its total store count from 382 at the end of the previous fiscal year to 396 by January, including the opening of a new Yataizushi outlet in Aichi Prefecture. This growth builds on steady network expansion seen in the prior year and reflects the company’s strategy of broadening its restaurant footprint.

Sales momentum was strong, with all-store sales rising between about 9% and 20% year on year each month from April to January, and same-store sales generally returning to growth, reaching double-digit gains by winter. The inclusion of Wonder Food Innovation in the latest figures and the sharp rebound in same-store performance versus last year suggest improving demand and operational leverage, which are positive signals for revenue growth and profitability prospects for shareholders and other stakeholders.

The most recent analyst rating on (JP:3221) stock is a Buy with a Yen3696.00 price target. To see the full list of analyst forecasts on Yossix Holdings Co.Ltd. stock, see the JP:3221 Stock Forecast page.

Yossix Lifts Full-Year Forecast on Strong Yataizushi Sales

Yossix Holdings has raised its full-year consolidated earnings forecast for the fiscal year ending March 2026, projecting sales of ¥25.57 billion and net income of ¥2.09 billion, both above its May 2025 guidance and prior-year results. The revision reflects stronger-than-expected performance through the third quarter, particularly in its core “Yataizushi” business, which drove higher sales and improved profitability.

Management attributed the profit upgrade to robust customer demand and efficient use of food ingredients, which helped offset persistently high food and energy costs. While the company kept its fourth-quarter budget assumptions unchanged for now, it signaled that further revisions may be announced if subsequent performance deviates, highlighting continued momentum and potential upside for stakeholders.

The most recent analyst rating on (JP:3221) stock is a Buy with a Yen3696.00 price target. To see the full list of analyst forecasts on Yossix Holdings Co.Ltd. stock, see the JP:3221 Stock Forecast page.

Yossix Holdings Delivers Higher Profits and Confirms Dividend, Full-Year Outlook

Yossix Holdings reported solid growth for the nine months ended December 31, 2025, with net sales rising 13.2% year on year to ¥19.4 billion and profit attributable to owners of parent increasing 18.0% to ¥1.68 billion, reflecting improved operating margins and stronger earnings per share of ¥163.83. The company’s financial position also strengthened, with total assets expanding to ¥17.9 billion and equity reaching ¥12.9 billion, while maintaining a high equity ratio of 72.3%, and it reaffirmed its full-year forecast for modest single-digit growth in revenue and profit as well as its planned annual dividend of ¥28 per share, signaling stability and consistency for shareholders.

The most recent analyst rating on (JP:3221) stock is a Buy with a Yen3639.00 price target. To see the full list of analyst forecasts on Yossix Holdings Co.Ltd. stock, see the JP:3221 Stock Forecast page.

Yossix Holdings Lifts Store Count and Sales on Strong Restaurant Expansion

Yossix Holdings reported steady expansion of its restaurant network in the fiscal year ending March 2026, increasing its total store count from 377 in April to 395 in December, with new openings under its Yataizushi and Hitokuchi Gyoza no Itadaki brands in Fukushima and Kagawa, and including stores operated by Wonder Food Innovation. The company also posted robust year-on-year sales growth, with total store sales rising between roughly 109% and 119% and same-store sales returning to sustained growth above prior-year levels, indicating both successful new store rollouts and improving performance at mature locations compared with the previous fiscal year, when same-store sales were more subdued.

The most recent analyst rating on (JP:3221) stock is a Buy with a Yen3471.00 price target. To see the full list of analyst forecasts on Yossix Holdings Co.Ltd. stock, see the JP:3221 Stock Forecast page.