Takizawa Ham Co., Ltd. (2293) AI Stock Analysis

Takizawa Ham Co., Ltd.

(TSE/TYO:2293)

Select Model

Rating:52Neutral

Price Target:JPY 2,757.00▲(2.07% Upside)

Action:upgraded

Date:08/17/26

The stock receives a low overall score primarily due to weak financial performance and poor valuation. Financials show declining revenue, net losses, and high leverage, raising significant risk. Valuation is hampered by negative earnings and a low dividend yield. Technical indicators are neutral to slightly positive but do not offset the fundamental weaknesses.

Positive Factors

2026 Cash Flow ReboundThe return to positive free cash flow improves internal funding capacity and supports investment or debt servicing. If operating cash generation remains positive, it can provide resilience despite current accounting losses and reduce reliance on external financing.

Negative Factors

Persistent Revenue DeclineSustained revenue contraction suggests weakening demand, distribution, or product competitiveness in the processed-meat and delicatessen businesses. Lower sales reduce operating leverage and make it harder to absorb fixed costs, limiting the prospects for durable profit recovery.

Takizawa Ham Co., Ltd. (2293) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 5.55B
Dividend Yield: 0.74%
Average Volume (3M): 938
Price to Earnings (P/E): -39.1
Beta (1Y): 0.18
Revenue Growth: -3.61%
EPS Growth: 76.41%
Country: Japan
Employees: 303
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

Takizawa Ham Co., Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Tochigi, Japan, Takizawa Ham Co., Ltd. is a long-established food producer, having been founded in 1918. The company's core business involves the production and sale of various processed meat products across Japan, including popular...

How the Company Makes Money

Takizawa Ham makes money primarily by selling processed meat products and related prepared foods. Key revenue streams include (1) sales of packaged processed meats (e.g., ham, sausages, bacon) to retail channels such as supermarkets and other food re...

Takizawa Ham Co., Ltd. Financial Statement Overview

Summary

Revenue has declined over the past five years, with the latest year down 4.4% to ¥26.6B. Gross margin contracted from 16.7% to 13.3%. Operating loss of ¥383M and net loss of ¥230M in FY2026, marking three net losses in the last four years. Balance sheet shows high leverage (debt/equity 1.47) and negative ROE. Positive operating cash flow provides some flexibility but covers only 10% of debt. Overall weak financial health.

Income Statement

28Negative

Balance Sheet

35Negative

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	26.79B	26.57B	28.09B	28.21B	29.46B	29.48B
Gross Profit	3.51B	3.53B	3.74B	4.33B	3.99B	4.31B
EBITDA	159.54M	167.68M	152.39M	791.47M	514.49M	873.81M
Net Income	-142.02M	-230.41M	-495.22M	123.81M	-191.04M	174.79M
Balance Sheet
Total Assets	12.21B	12.07B	12.47B	13.67B	12.80B	13.56B
Cash, Cash Equivalents and Short-Term Investments	1.88B	1.97B	1.41B	1.99B	1.93B	2.36B
Total Debt	4.94B	4.90B	4.96B	4.92B	5.18B	5.64B
Total Liabilities	8.97B	8.73B	8.99B	9.66B	9.15B	9.72B
Stockholders Equity	3.24B	3.34B	3.48B	4.01B	3.66B	3.84B
Cash Flow
Free Cash Flow	0	363.79M	-267.69M	669.80M	199.70M	747.80M
Operating Cash Flow	0	475.08M	3.15M	796.74M	281.88M	962.66M
Investing Cash Flow	0	295.30M	-496.94M	-254.96M	12.18M	-138.03M
Financing Cash Flow	0	-211.40M	-190.49M	-477.89M	-729.86M	-421.78M

Takizawa Ham Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price2701.00

Price Trends

50DMA2692.40Positive

100DMA2698.20Positive

200DMA2765.01Negative

Market Momentum

MACD6.46Negative

RSI52.64Neutral

STOCH41.02Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2293, the sentiment is Neutral. The current price of 2701.00 is above the 20-day moving average (MA) of 2689.85, above the 50-day MA of 2692.40, and below the 200-day MA of 2765.01, indicating a neutral trend. The MACD of 6.46 indicates Negative momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 41.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2293.

Takizawa Ham Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2293 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2282	65Neutral	JPY 582.26B	17.20	6.43%	2.58%	7.32%	43.91%
JP:2288	65Neutral	JPY 51.78B	5.35	12.72%	5.35%	1.49%	155.40%
JP:2296	63Neutral	JPY 258.97B	13.88	―	4.91%	0.50%	20.92%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2293	52Neutral	JPY 5.55B	-39.05	―	0.74%	-3.61%	76.41%
JP:2904	46Neutral	JPY 13.88B	42.26	―	1.86%	2.79%	-56.06%
JP:2291	44Neutral	JPY 1.67B	24.96	―	―	-2.98%	―

* Consumer Defensive Sector Average

Performance Comparison

JP:2293 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2293	Takizawa Ham Co., Ltd.	2701.00	86.00	3.29%
JP:2282	NH Foods	2064.50	209.79	11.31%
JP:2288	Marudai Food Co., Ltd.	2055.00	248.44	13.75%
JP:2291	Fukutome Meat Packers,Ltd.	501.00	-151.00	-23.16%
JP:2296	Itoham Yonekyu Holdings, Inc.	4885.00	-333.02	-6.38%
JP:2904	Ichimasa Kamaboko Co., Ltd.	753.00	22.22	3.04%

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 17, 2026

Takizawa Ham Co., Ltd. AI Stock Analysis