Iceco Inc. (JP:7698)
:7698
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Iceco Inc.
(7698)
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Rating:42Neutral
Price Target:
¥2,343.00
▲(5.21% Upside)
Action:Reiterated
Date:05/18/26
The score is primarily held back by deteriorating cash flow (deeply negative free cash flow) and higher leverage, alongside very thin margins. Technical indicators also point to weak momentum (negative MACD, price below key moving averages). Valuation further pressures the score due to a very high P/E with only a modest dividend yield.
Positive Factors
Steady revenue growth
Consistent top-line growth over several years implies durable customer demand and expanding scale in food distribution. This larger revenue base supports negotiating leverage with suppliers, steadier cash inflows under normal conditions, and a stronger foundation for multi-quarter strategic investments.
Negative Factors
Deep negative free cash flow
A large swing to negative free cash flow reduces financial flexibility and raises funding risk. Persistent negative FCF impairs the company's ability to self-fund capex, pay down debt, or cover shocks, likely forcing external financing or cutbacks that could constrain growth over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line growth over several years implies durable customer demand and expanding scale in food distribution. This larger revenue base supports negotiating leverage with suppliers, steadier cash inflows under normal conditions, and a stronger foundation for multi-quarter strategic investments.
Read all positive factors
Iceco Inc. (7698) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.57B
Dividend Yield0.89%
Average Volume (3M)8.01K
Price to Earnings (P/E)25.7
Beta (1Y)0.34
Revenue Growth5.48%
EPS Growth-22.19%
CountryJP
Employees752
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)124.42
Shares Outstanding3,930,500
10 Day Avg. Volume3,660
30 Day Avg. Volume8,013
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)2.32
Price to Sales (P/S)0.17
P/FCF Ratio-3.53
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)75.2
Revenue Forecast (FY)¥61.59B
Iceco Inc. Business Overview & Revenue Model
Company Description
Iceco Inc. engages in the wholesale of ice creams and frozen foods. The company sells ice creams and frozen foods for commercial use at retail stores, such as drugstores and food supermarkets. It also operates stores and supermarkets focusing on f...
How the Company Makes Money
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Iceco Inc. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.41B | 57.72B | 54.72B | 50.50B | 44.89B | 42.26B |
| Gross Profit | 9.63B | 9.99B | 9.20B | 8.34B | 7.47B | 7.24B |
| EBITDA | 1.03B | 1.17B | 1.01B | 773.04M | 459.96M | 698.96M |
| Net Income | 485.80M | 375.00M | 481.66M | 318.87M | 144.38M | 255.25M |
Balance Sheet | ||||||
| Total Assets | 19.43B | 20.96B | 17.39B | 16.80B | 15.16B | 14.91B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83B | 1.76B | 1.47B | 2.44B | 2.00B | 2.34B |
| Total Debt | 3.21B | 5.15B | 2.63B | 2.82B | 2.92B | 3.38B |
| Total Liabilities | 15.45B | 16.81B | 13.55B | 13.37B | 12.00B | 11.84B |
| Stockholders Equity | 3.97B | 4.15B | 3.84B | 3.43B | 3.17B | 3.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.73B | -561.67M | 544.20M | 84.28M | 660.72M |
| Operating Cash Flow | 0.00 | 593.59M | 178.63M | 1.67B | 391.99M | 992.40M |
| Investing Cash Flow | 0.00 | -2.88B | -729.12M | -1.09B | -199.71M | -234.09M |
| Financing Cash Flow | 0.00 | 2.62B | -414.72M | -145.32M | -512.17M | -148.25M |
Iceco Inc. Technical Analysis
Neutral
2227.00
Price Trends
2484.25
Negative
2475.92
Negative
2227.99
Positive
Market Momentum
-14.96
Negative
45.05
Neutral
47.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7698, the sentiment is Neutral. The current price of 2227 is below the 20-day moving average (MA) of 2442.30, below the 50-day MA of 2484.25, and below the 200-day MA of 2227.99, indicating a neutral trend. The MACD of -14.96 indicates Negative momentum. The RSI at 45.05 is Neutral, neither overbought nor oversold. The STOCH value of 47.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7698.
Iceco Inc. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥39.51B | 35.57 | ― | 1.36% | 10.91% | 10.97% | |
64 Neutral | ¥26.84B | 12.47 | ― | 1.94% | 2.71% | 10.31% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ¥49.20B | 10.89 | ― | 0.52% | -1.79% | 27.43% | |
58 Neutral | ¥66.82B | 15.39 | ― | 1.48% | 6.48% | 20.06% | |
57 Neutral | ¥120.80B | -40.84 | ― | 3.02% | 3.76% | -35.18% | |
42 Neutral | ¥9.57B | 25.68 | ― | 0.89% | 5.48% | -22.19% |
* Consumer Defensive Sector Average
JP:7698
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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.