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Kotobuki Spirits Co., Ltd.
(2222)
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Rating:81Outperform
Price Target:
¥2,778.00
▲(8.77% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance (high profitability since 2022, strong cash generation, and an excellent near debt-free balance sheet). Technicals also support the rating with a clear uptrend and positive momentum, though overbought signals raise near-term pullback risk. Valuation tempers the overall score due to a relatively high P/E and only modest dividend yield.
Positive Factors
Revenue growth and profitability
The combination of multi-year revenue expansion, a turnaround from losses, and sustained double-digit net margins indicates a materially stronger operating model. Continued branded product demand and improved profitability should support reinvestment, resilience, and earnings generation over the next several quarters.
Negative Factors
Moderating revenue growth
Although revenue remains on an upward trajectory, the recent slowdown suggests that the exceptional expansion phase is moderating. Slower topline growth can reduce operating leverage and make continued earnings progress more dependent on product launches, pricing, and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and profitability
The combination of multi-year revenue expansion, a turnaround from losses, and sustained double-digit net margins indicates a materially stronger operating model. Continued branded product demand and improved profitability should support reinvestment, resilience, and earnings generation over the next several quarters.
Read all positive factors
Kotobuki Spirits Co., Ltd. (2222) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥399.34B
Dividend Yield1.75%
Average Volume (3M)743.46K
Price to Earnings (P/E)30.5
Beta (1Y)0.51
Revenue Growth9.04%
EPS Growth7.32%
CountryJP
Employees1,801
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)84.08
Shares Outstanding155,658,400
10 Day Avg. Volume920,160
30 Day Avg. Volume743,460
Financial Highlights & Ratios
PEG Ratio5.27
Price to Book (P/B)5.90
Price to Sales (P/S)3.59
P/FCF Ratio24.89
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)95.44
Revenue Forecast (FY)¥86.23B
Kotobuki Spirits Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1952 and headquartered in Yonago, Japan, Kotobuki Spirits Co., Ltd. is a confectionery firm primarily engaged in the development and distribution of a variety of sweet edibles throughout Japan. Its diverse product portfolio encompas...
How the Company Makes Money
Kotobuki Spirits primarily makes money by selling confectionery products, with revenues driven by (1) direct sales of packaged sweets to consumers through souvenir-oriented points of sale (e.g., locations in or around major travel and tourism hubs...
Kotobuki Spirits Co., Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.47B | 78.78B | 72.35B | 64.04B | 50.16B | 32.19B |
| Gross Profit | 49.63B | 48.38B | 44.80B | 39.80B | 30.11B | 17.62B |
| EBITDA | 21.16B | 20.44B | 19.10B | 16.83B | 11.42B | 4.10B |
| Net Income | 12.98B | 12.56B | 12.12B | 10.83B | 7.02B | 1.92B |
Balance Sheet | ||||||
| Total Assets | 56.30B | 60.14B | 51.98B | 46.51B | 36.95B | 27.47B |
| Cash, Cash Equivalents and Short-Term Investments | 28.81B | 32.20B | 26.08B | 23.69B | 17.16B | 9.91B |
| Total Debt | 220.00M | 0.00 | 300.00M | 307.02M | 450.69M | 734.00M |
| Total Liabilities | 11.01B | 12.20B | 11.89B | 11.29B | 10.44B | 7.11B |
| Stockholders Equity | 45.28B | 47.93B | 40.09B | 35.22B | 26.52B | 20.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 11.35B | 10.08B | 8.97B | 8.53B | 3.86B |
| Operating Cash Flow | 0.00 | 13.80B | 13.20B | 10.85B | 9.09B | 4.29B |
| Investing Cash Flow | 0.00 | -5.45B | -3.44B | -2.00B | -1.62B | -526.87M |
| Financing Cash Flow | 0.00 | -5.24B | -7.37B | -2.32B | -1.22B | -1.18B |
Kotobuki Spirits Co., Ltd. Technical Analysis
Positive
2554.00
Price Trends
2580.26
Negative
2453.76
Positive
2170.58
Positive
Market Momentum
-26.11
Negative
53.62
Neutral
73.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2222, the sentiment is Positive. The current price of 2554 is above the 20-day moving average (MA) of 2502.87, below the 50-day MA of 2580.26, and above the 200-day MA of 2170.58, indicating a neutral trend. The MACD of -26.11 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 73.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2222.
Kotobuki Spirits Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥72.31B | 11.49 | ― | 1.46% | 5.66% | 24.88% | |
81 Outperform | ¥399.34B | 30.51 | ― | 1.75% | 9.04% | 7.32% | |
76 Outperform | ¥196.01B | 11.66 | 12.47% | 2.83% | 3.34% | -0.81% | |
66 Neutral | ¥29.91B | 12.01 | ― | 1.66% | 4.60% | 12.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | ¥42.24B | 32.66 | ― | 0.61% | 21.59% | 1672.91% | |
48 Neutral | ¥64.41B | 57.46 | ― | 1.20% | 7.75% | -32.47% |
* Consumer Defensive Sector Average
JP:2222
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Kotobuki Spirits Co., Ltd. Corporate Events
Kotobuki Spirits Delivers Record Quarterly Profit on Strong Inbound and Store Expansion
Aug 3, 2026
Kotobuki Spirits reported that for the first quarter of FY2027, covering April to June 2026, net sales rose 10.0% year on year to 18.67 billion yen and ordinary profit increased 20.3%, with gross profit, operating profit and profit attributable to...
Shou Spirits Lifts Dividend Outlook on Strong First-Quarter Earnings
Aug 3, 2026
Shou Spirits Inc. reported strong first-quarter results for the three months to June 30, 2026, with net sales rising 10% to ¥18.67 billion and operating profit climbing 20.7% to ¥4.15 billion. Profit attributable to owners of the parent ...
Kotobuki Spirits Unveils FY2027 Q1 Results and Strategic Outlook
Aug 3, 2026
Kotobuki Spirits Co., Ltd. has released its consolidated business results for the first quarter of fiscal year 2027, covering the period ending March 31, 2027, along with a business forecast for the full year. The disclosure package also includes ...
Kotobuki Spirits lifts Q1 FY2027 sales and margins on broad-based confectionery growth
Aug 3, 2026
Kotobuki Spirits Co., Ltd. reported consolidated first-quarter FY2027 net sales of ¥20.40 billion, up ¥1.73 billion year on year, with gross profit of ¥11.77 billion and an improved gross margin of 57.7%. Operating profit rose to &#...
Kotobuki Spirits Introduces Interim Dividend and Raises Payout Forecast
Aug 3, 2026
Kotobuki Spirits Co., Ltd., a TSE Prime-listed confectionery-focused company, is emphasizing shareholder returns through a structured cash allocation plan under its Value Up Vision 2030, targeting a total shareholder return ratio of at least 50%. ...
Kotobuki Spirits Completes Restricted Share Treasury Stock Disposal for Executive Pay
Jul 24, 2026
Kotobuki Spirits Co., Ltd. has completed the payment procedures for disposing of treasury stock to be used as restricted share-based remuneration, following a resolution approved by its Board of Directors in late June. The program targets key mana...
Kotobuki Spirits Sees 10% Q1 Sales Gain on Inbound and Store Expansion
Jul 9, 2026
Kotobuki Spirits reported estimated net sales of 18,668 million yen for the first quarter of the fiscal year ending March 2027, a 10.0% year-on-year increase driven by stronger product appeal, enhanced store attractiveness, and reinforced sales ca...
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.