Maruchiyo Yamaokaya Corporation (3399) AI Stock Analysis

• Market Cap: ¥80.26B
• Dividend Yield: 0.14%
• Average Volume (3M): 238.69K
• Price to Earnings (P/E): 24.1
• Beta (1Y): 0.68
• Revenue Growth: 24.70%
• EPS Growth: 26.13%
• Country: JP
• Employees: 654
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 56.84
• Shares Outstanding: 20,112,800
• 10 Day Avg. Volume: 207,600
• 30 Day Avg. Volume: 238,686
• PEG Ratio: 0.07
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 0.54
• P/FCF Ratio: 11.22
• 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): 177.7
• Revenue Forecast (FY): ¥46.60B

• Rating: 75 Outperform
• Price Target: ¥4,179.00 ▲(36.79% Upside)
• Action: Reiterated Date: 02/15/26
• Date: Action: Reiterated 02/15/26

The score is primarily supported by strong financial performance (growth and expanding margins with solid cash generation). Technicals are constructive but overbought readings temper the outlook. Valuation is a moderate headwind due to a mid-20s P/E and a low dividend yield.

Positive Factors

Revenue & margin momentum

Sustained multi-year revenue expansion combined with rising gross, EBIT and net margins indicates structural improvement in cost management and pricing power. This durable profitability trajectory supports reinvestment, higher free cash flow and strengthens the company's ability to fund growth without relying on short-term market moves.

Strong cash generation

Growing free cash flow and healthy operating cash conversion are durable strengths: they enhance financial flexibility for capex, product development, and working capital, reduce dependence on external financing, and provide a buffer through industry cycles—supporting long-term stability and strategic optionality.

Diversified revenue streams and channels

Multiple sales channels (wholesale, retail, direct-to-consumer) and partnerships with grocery chains and foodservice partners create durable distribution depth and reduce customer concentration risk. Combined with a broad product mix (instant noodles, frozen foods, condiments), this supports resilient demand and easier geographic or channel expansion.

Negative Factors

Room to reduce liabilities

Although leverage is described as manageable, elevated total liabilities leave less headroom for opportunistic investments or cushioning during downturns. Reducing liabilities would materially strengthen capital structure, lower interest and refinancing exposure, and improve resilience across 2–6 month strategic planning horizons.

No earnings guidance provided

Absence of forward guidance limits visibility into management's near-term plans and capacity to navigate demand shifts. For longer-term investors, persistent lack of guidance can hinder assessment of future margin drivers, capital allocation priorities and confidence in execution versus peers that provide clearer forward metrics.

Limited recent corporate catalysts

A lack of disclosed corporate events or strategic announcements suggests limited new product launches, partnerships, or M&A activity. Over a medium-term horizon this may constrain avenues to accelerate growth or diversify risk beyond organic expansion, leaving the company more exposed to core market dynamics.

Maruchiyo Yamaokaya Corporation Business Overview & Revenue Model

Company Description

Maruchiyo Yamaokaya Corporation operates ramen restaurants in Japan. It operates restaurants under the Yamaokaya brand name. The company was founded in 1980 and is headquartered in Sapporo, Japan.

How the Company Makes Money

Maruchiyo Yamaokaya Corporation generates revenue through multiple streams, primarily by selling its processed food products to wholesalers, retailers, and directly to consumers. The company's core revenue comes from its popular instant noodle lines and frozen food products, which are staples in the Japanese diet and have a growing international presence. Additionally, Maruchiyo Yamaokaya benefits from strategic partnerships with grocery chains and food service providers, allowing for broader distribution and increased sales volume. The company also invests in marketing and product development to attract new customers and maintain consumer loyalty, further enhancing its earnings potential.

Maruchiyo Yamaokaya Corporation Financial Statement Overview

Summary

Strong fundamentals driven by impressive multi-year revenue growth and materially improving profitability (gross, net, EBIT/EBITDA margins). Balance sheet is stable with a strengthening equity base and manageable leverage, though liabilities could be reduced further. Cash flow quality is solid, supported by growing free cash flow and healthy cash conversion.

Income Statement

Maruchiyo Yamaokaya Corporation has demonstrated impressive revenue growth, increasing annually from 2020 to 2025. The gross and net profit margins have both improved significantly, indicating enhanced operational efficiency and cost management. The EBIT and EBITDA margins have also shown consistent growth, reflecting the company's strong operational performance. Overall, the income statement reflects a robust financial health with an upward trajectory in profitability.

Balance Sheet

The balance sheet indicates a stable financial position with a strengthening equity base, as evidenced by the increasing stockholders' equity over the years. The debt-to-equity ratio is relatively balanced, suggesting a prudent approach to leverage. The equity ratio has improved, showcasing a growing reliance on equity financing. However, there is room for improvement in reducing total liabilities to further enhance financial stability.

Cash Flow

The company has shown a strong growth in free cash flow, indicating efficient capital expenditure management and solid cash generation capabilities. The operating cash flow to net income ratio is healthy, demonstrating effective cash conversion from operations. The free cash flow to net income ratio supports the company's ability to generate cash beyond its net income figures, providing flexibility for future investments.

Breakdown	TTM	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Income Statement
Total Revenue	26.49B	34.59B	26.49B	18.68B	15.12B	14.27B
Gross Profit	18.84B	24.35B	18.84B	13.05B	11.12B	10.46B
EBITDA	2.69B	4.52B	2.69B	1.11B	1.07B	691.79M
Net Income	1.43B	2.83B	1.43B	413.79M	386.27M	141.93M
Balance Sheet
Total Assets	11.16B	14.45B	11.16B	8.46B	6.70B	6.45B
Cash, Cash Equivalents and Short-Term Investments	2.77B	3.96B	2.77B	2.13B	1.53B	1.39B
Total Debt	2.85B	2.45B	2.85B	3.22B	2.64B	2.77B
Total Liabilities	7.30B	7.78B	7.30B	6.00B	4.47B	4.53B
Stockholders Equity	3.87B	6.67B	3.87B	2.46B	2.23B	1.91B
Cash Flow
Free Cash Flow	1.16B	1.67B	1.16B	134.37M	385.85M	363.89M
Operating Cash Flow	2.44B	2.97B	2.44B	1.36B	969.39M	753.03M
Investing Cash Flow	-1.37B	-1.32B	-1.37B	-1.29B	-630.21M	-366.96M
Financing Cash Flow	-466.71M	-497.15M	-466.71M	499.30M	-239.44M	54.20M

Maruchiyo Yamaokaya Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3055.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3399, the sentiment is Positive. The current price of 3055 is below the 20-day moving average (MA) of 3585.00, below the 50-day MA of 3288.96, and below the 200-day MA of 3073.53, indicating a bullish trend. The MACD of 145.00 indicates Negative momentum. The RSI at 75.16 is Negative, neither overbought nor oversold. The STOCH value of 85.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3399.

Maruchiyo Yamaokaya Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3399	75 Outperform	¥80.26B	24.13	―	0.14%	24.70%	26.13%
2705	66 Neutral	¥54.82B	45.33	―	0.17%	15.53%	-26.93%
8160	63 Neutral	¥73.42B	20.64	―	1.89%	1.49%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3198	60 Neutral	¥49.87B	43.77	―	1.30%	2.90%	-26.37%
8200	59 Neutral	¥57.67B	53.91	―	0.56%	7.52%	3.37%
3395	57 Neutral	¥68.38B	27.01	―	1.95%	23.52%	-13.42%