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Nakamuraya Co., Ltd.
(2204)
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Rating:68Neutral
Price Target:
¥3,559.00
▲(15.74% Upside)
Action:Downgraded
Date:08/10/26
The score is primarily driven by solid financial fundamentals—especially very low leverage and materially improved free cash flow—offset by a major top-line warning sign from the steep TTM revenue decline. Technicals add modest support (price above key moving averages with neutral RSI), while valuation is only average at ~20x earnings with a ~2.3% dividend yield.
Positive Factors
Very low leverage / conservative balance sheet
Extremely low leverage provides durable financial flexibility: the company can absorb demand shocks, fund working capital or capex from internal resources, and pursue selective investments or M&A without refinancing risk, supporting resilience over the next 2–6 months.
Negative Factors
Steep recent TTM revenue decline
A nearly 46% TTM revenue decline is a structural concern: sustained top-line loss can outpace margin gains, erode distribution relationships, and undermine the sustainability of current cash-flow and profit improvements if the business cannot restore demand or replace lost channels.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / conservative balance sheet
Extremely low leverage provides durable financial flexibility: the company can absorb demand shocks, fund working capital or capex from internal resources, and pursue selective investments or M&A without refinancing risk, supporting resilience over the next 2–6 months.
Read all positive factors
Nakamuraya Co., Ltd. (2204) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.07B
Dividend Yield2.34%
Average Volume (3M)8.39K
Price to Earnings (P/E)23.3
Beta (1Y)0.24
Revenue Growth-0.24%
EPS Growth-2.64%
CountryJP
Employees822
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)137.48
Shares Outstanding5,976,205
10 Day Avg. Volume8,310
30 Day Avg. Volume8,393
Financial Highlights & Ratios
PEG Ratio4.81
Price to Book (P/B)0.66
Price to Sales (P/S)0.51
P/FCF Ratio4.87
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)N/A
Revenue Forecast (FY)N/A
Nakamuraya Co., Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, Nakamuraya Co., Ltd. is a long-established company, founded in 1901. It primarily focuses on the production and sale of a diverse array of food products throughout Japan, encompassing traditional Japanese and Western...
How the Company Makes Money
Nakamuraya makes money primarily by selling food products across multiple categories. Its core revenue model is product-based: it earns sales revenue from (1) manufacturing and selling packaged foods (including curry-related products and other pre...
Nakamuraya Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.18B | 37.35B | 37.25B | 37.77B | 35.55B | 33.06B |
| Gross Profit | 13.82B | 13.98B | 13.52B | 13.55B | 12.15B | 11.72B |
| EBITDA | 3.03B | 3.13B | 2.58B | 2.33B | 1.37B | 1.38B |
| Net Income | 801.34M | 917.52M | 884.95M | 405.11M | -28.17M | 232.60M |
Balance Sheet | ||||||
| Total Assets | 47.99B | 50.09B | 45.50B | 45.74B | 44.82B | 44.46B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 2.86B | 2.62B | 1.14B | 1.22B | 1.19B |
| Total Debt | 1.63B | 1.46B | 495.05M | 2.98B | 6.84B | 6.56B |
| Total Liabilities | 20.18B | 21.34B | 18.47B | 19.13B | 19.08B | 18.38B |
| Stockholders Equity | 27.81B | 28.75B | 27.04B | 26.61B | 25.74B | 26.08B |
Cash Flow | ||||||
| Free Cash Flow | 4.94B | 3.92B | 4.48B | 3.89B | -90.58M | -29.75M |
| Operating Cash Flow | 5.97B | 6.19B | 5.17B | 4.71B | 658.08M | 503.97M |
| Investing Cash Flow | -4.95B | -6.26B | -653.75M | -109.96M | -605.15M | -250.12M |
| Financing Cash Flow | -914.09M | 308.38M | -3.03B | -4.68B | -17.36M | -212.76M |
Nakamuraya Co., Ltd. Technical Analysis
Positive
3075.00
Price Trends
3205.40
Negative
3177.00
Positive
3138.50
Positive
Market Momentum
-9.55
Positive
51.32
Neutral
42.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2204, the sentiment is Positive. The current price of 3075 is below the 20-day moving average (MA) of 3195.75, below the 50-day MA of 3205.40, and below the 200-day MA of 3138.50, indicating a neutral trend. The MACD of -9.55 indicates Positive momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 42.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2204.
Nakamuraya Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥767.58B | 17.77 | 9.23% | 1.60% | 4.70% | 12.93% | |
73 Outperform | ¥190.25B | 17.77 | ― | 0.76% | 5.84% | 41.39% | |
70 Outperform | ¥88.07B | 21.00 | ― | 1.66% | 23.42% | -65.03% | |
68 Neutral | ¥19.07B | 23.28 | ― | 2.37% | -0.24% | -2.64% | |
66 Neutral | ¥559.94B | 19.19 | ― | 3.08% | 1.68% | -11.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ¥355.38B | 33.22 | 3.68% | 2.50% | 0.01% | 1.50% |
* Consumer Defensive Sector Average
JP:2204
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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.