S&B Foods Inc. (2805) AI Stock Analysis

S&B Foods Inc.

(TSE/TYO:2805)

Select Model

Rating:70Outperform

Price Target:JPY 7,150.00▲(9.33% Upside)

Action:reiterated

Date:10/24/26

The overall stock score of 70 is primarily driven by S&B Foods' exceptional balance sheet strength and stable financial recovery. While its valuation remains fair for a low-beta defensive stock, recent short-term technical weakness and bearish momentum prevent a higher overall rating.

Positive Factors

Profitability reboundThe substantial recovery in net income and operating profit shows improved earnings power versus the 2023 trough. If profitability remains supported by better cost control and product mix, S&B can strengthen reinvestment capacity and sustain a healthier operating base over coming quarters.

Negative Factors

Modest revenue growthTop-line expansion remains limited, and the prior-year decline indicates that recent earnings improvement has not been driven primarily by strong volume growth. Slower revenue momentum can constrain operating leverage and place greater reliance on cost control and product mix to sustain profits.

S&B Foods Inc. (2805) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 158.11B
Dividend Yield: 0.86%
Average Volume (3M): 118.80K
Price to Earnings (P/E): 15.9
Beta (1Y): 0.34
Revenue Growth: 6.99%
EPS Growth: 29.27%
Country: Japan
Employees: 2,082
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

S&B Foods Inc. Business Overview & Revenue Model

Company Description

S&B Foods Inc., established in Tokyo, Japan in 1923, specializes in the production and distribution of a wide array of food items. The company's core business revolves around manufacturing and selling powdered spices, including curry, pepper, and gar...

How the Company Makes Money

S&B Foods Inc. makes money primarily by selling packaged food products—especially spices, seasonings, and curry-related items—through domestic and international distribution channels. Its core revenue stream is product sales to retailers (e.g., super...

S&B Foods Inc. Financial Statement Overview

Summary

Financial performance is highly robust, anchored by resilient revenue growth, expanding profit margins (27.6%), and an exceptionally conservative balance sheet with a debt-to-equity ratio of 0.24x.

Income Statement

82Very Positive

Balance Sheet

92Very Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	131.85B	129.02B	123.52B	126.44B	120.65B	118.05B
Gross Profit	37.69B	35.69B	33.37B	31.29B	28.67B	31.23B
EBITDA	15.12B	13.88B	13.11B	12.12B	10.06B	13.27B
Net Income	9.96B	8.41B	7.57B	6.72B	4.08B	6.22B
Balance Sheet
Total Assets	164.10B	156.54B	137.09B	143.34B	132.00B	130.33B
Cash, Cash Equivalents and Short-Term Investments	29.71B	30.31B	19.47B	22.08B	20.79B	25.25B
Total Debt	25.75B	23.12B	20.30B	28.09B	31.72B	33.69B
Total Liabilities	65.33B	62.29B	56.82B	70.64B	69.07B	70.42B
Stockholders Equity	98.77B	94.25B	80.27B	72.69B	62.92B	59.90B
Cash Flow
Free Cash Flow	0	6.52B	5.62B	2.81B	-4.34B	3.09B
Operating Cash Flow	0	9.33B	8.50B	4.62B	641.00M	8.17B
Investing Cash Flow	0	-5.29B	-2.30B	843.00M	-3.05B	-5.74B
Financing Cash Flow	0	1.64B	-8.76B	-4.42B	-3.94B	-2.90B

S&B Foods Inc. Technical Analysis

Technical Analysis SentimentNeutral

Last Price6540.00

Price Trends

50DMA6936.72Negative

100DMA6362.86Positive

200DMA5492.69Positive

Market Momentum

MACD-93.74Negative

RSI46.53Neutral

STOCH65.44Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2805, the sentiment is Neutral. The current price of 6540.00 is above the 20-day moving average (MA) of 6528.00, below the 50-day MA of 6936.72, and above the 200-day MA of 5492.69, indicating a neutral trend. The MACD of -93.74 indicates Negative momentum. The RSI at 46.53 is Neutral, neither overbought nor oversold. The STOCH value of 65.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2805.

S&B Foods Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2805 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2801	72Outperform	JPY 1.74T	25.66	11.85%	1.39%	9.27%	12.89%
JP:2805	70Outperform	JPY 169.98B	15.87	―	0.86%	6.99%	29.27%
JP:2809	68Neutral	JPY 641.23B	24.61	7.92%	1.39%	4.07%	-6.32%
JP:2810	65Neutral	JPY 423.39B	39.58	3.68%	2.06%	0.01%	1.50%
JP:2802	63Neutral	JPY 4.79T	35.58	18.50%	0.96%	6.72%	83.84%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2897	57Neutral	JPY 896.61B	18.39	9.39%	2.30%	4.84%	-2.91%

* Consumer Defensive Sector Average

Performance Comparison

JP:2805 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2805	S&B Foods Inc.	6540.00	3236.16	97.95%
JP:2802	Ajinomoto Co	5118.00	789.89	18.25%
JP:2810	House Foods Group	4650.00	1841.31	65.56%
JP:2801	Kikkoman Corporation	1803.00	597.03	49.51%
JP:2897	Nissin Foods Holdings Co	3040.00	326.52	12.03%
JP:2809	Kewpie Corporation	4613.00	404.98	9.62%

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: Oct 24, 2026

S&B Foods Inc. AI Stock Analysis