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KOIKE-YA Inc. (JP:2226)
:2226
Japanese Market
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KOIKE-YA Inc. (2226) AI Stock Analysis

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JP:2226

KOIKE-YA Inc.

(2226)

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Neutral 62 (OpenAI - Gpt-5.6Sol)
Rating:62Neutral
Price Target:
¥5,168.00
▲(12.35% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily constrained by financial performance, with negative free cash flow persisting and leverage rising despite solid revenue growth and improved profitability. Technicals are supportive (price above moving averages and positive MACD), but elevated RSI suggests momentum is somewhat stretched. Valuation appears reasonable at a mid-range P/E with a modest dividend yield.
Positive Factors
Steady revenue growth and improving profitability
Sustained revenue growth alongside improved EBIT and net margins indicates stronger operating execution and product demand. This provides a durable earnings foundation, although future gains will depend on preserving pricing and controlling input costs.
Negative Factors
Persistently negative free cash flow
Negative free cash flow means investment and other uses are currently funded from cash balances or additional borrowing rather than internally generated funds. If sustained, this can constrain reinvestment, dividends and balance-sheet flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and improving profitability
Sustained revenue growth alongside improved EBIT and net margins indicates stronger operating execution and product demand. This provides a durable earnings foundation, although future gains will depend on preserving pricing and controlling input costs.
Read all positive factors

KOIKE-YA Inc. (2226) vs. iShares MSCI Japan ETF (EWJ)

KOIKE-YA Inc. Business Overview & Revenue Model

Company Description
KOIKE-YA Inc. (2226) is a Japanese snack food company focused on the manufacturing and sale of potato-based snacks and other packaged snack products. The company develops, produces, and markets branded snack foods for retail distribution in Japan ...
How the Company Makes Money
KOIKE-YA makes money primarily by selling branded snack products (notably potato chips and other savory snacks) to customers in the consumer packaged goods supply chain. Its core revenue stream is product sales in Japan via wholesale/retail distri...

KOIKE-YA Inc. Financial Statement Overview

Summary
Income statement is solid (revenue growth and improving EBIT/net margins), but overall financial quality is held back by weak cash flow: free cash flow was sharply negative in FY2025 and remained negative in FY2026, and operating cash flow has been volatile. Balance sheet risk has also increased with a meaningful rise in leverage versus FY2024.
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Jun 2021
Income Statement
Total Revenue61.16B59.38B54.83B44.57B40.53B
Gross Profit19.09B19.32B18.17B13.14B12.15B
EBITDA5.46B5.36B4.90B3.01B2.68B
Net Income2.60B2.59B2.21B1.16B1.01B
Balance Sheet
Total Assets47.36B39.10B36.43B29.59B27.12B
Cash, Cash Equivalents and Short-Term Investments4.36B3.57B6.86B4.51B3.37B
Total Debt11.05B6.09B1.08B1.53B2.50B
Total Liabilities25.73B19.69B19.06B14.40B12.89B
Stockholders Equity21.29B19.07B17.11B15.05B14.03B
Cash Flow
Free Cash Flow-2.98B-6.92B3.28B1.95B-893.00M
Operating Cash Flow4.00B-150.00M5.61B2.57B219.00M
Investing Cash Flow-6.93B-6.76B-2.44B-655.00M-643.00M
Financing Cash Flow3.61B3.67B-873.00M-798.00M-499.00M

KOIKE-YA Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
¥395.11B21.128.43%2.20%5.36%4.50%
70
Outperform
¥92.60B21.911.47%23.42%-65.03%
69
Neutral
¥878.18B18.109.25%2.42%4.84%-2.91%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
62
Neutral
¥52.12B18.241.19%3.08%25.45%
60
Neutral
¥1.22T30.114.63%2.77%3.53%-14.19%
55
Neutral
¥337.59B52.282.26%1.85%10.44%-22.76%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:2226
KOIKE-YA Inc.
4,930.00
181.29
3.82%
JP:2229
CALBEE
3,067.00
448.44
17.13%
JP:2269
Meiji Holdings Co
4,471.00
1,503.99
50.69%
JP:2897
Nissin Foods Holdings Co
2,992.50
286.40
10.58%
JP:2206
Ezaki Glico Co., Ltd.
5,207.00
384.32
7.97%
JP:2220
Kameda Seika Co., Ltd.
1,398.00
36.90
2.71%
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.Date of analysis: Aug 18, 2026