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Rock Field Co., Ltd.
(2910)
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Rating:52Neutral
Price Target:
¥1,263.00
▼(-14.83% Downside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by sharply weakened profitability and an extremely high P/E, despite the benefit of a very conservatively financed balance sheet. Technical indicators also point to a weak trend, while the dividend yield offers only modest support.
Positive Factors
Balance Sheet Strength
A very low debt-to-equity (~3% in 2026) and a stable equity base (~¥28–29B) provide durable financial flexibility. Conservative leverage reduces refinancing and solvency risk, allowing the company to fund operations, absorb shocks, or invest opportunistically without stressing liquidity.
Negative Factors
Compressed Profitability
Very low operating and net margins (≈1.5% and 0.2%) and ROE near 0.3% indicate the company is under-earning on its equity base. Persistently thin margins limit capacity to self-fund growth or dividends and leave little buffer against cost inflation or competitive pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A very low debt-to-equity (~3% in 2026) and a stable equity base (~¥28–29B) provide durable financial flexibility. Conservative leverage reduces refinancing and solvency risk, allowing the company to fund operations, absorb shocks, or invest opportunistically without stressing liquidity.
Read all positive factors
Rock Field Co., Ltd. (2910) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥35.10B
Dividend Yield1.65%
Average Volume (3M)86.14K
Price to Earnings (P/E)352.0
Beta (1Y)0.24
Revenue Growth-0.17%
EPS Growth-70.24%
CountryJP
Employees1,635
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)3.75
Shares Outstanding26,788,748
10 Day Avg. Volume114,300
30 Day Avg. Volume86,136
Financial Highlights & Ratios
PEG Ratio-4.93
Price to Book (P/B)1.18
Price to Sales (P/S)0.66
P/FCF Ratio36.45
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)21.6
Revenue Forecast (FY)¥51.40B
Rock Field Co., Ltd. Business Overview & Revenue Model
Company Description
Rock Field Co., Ltd. is a Japanese enterprise specializing in the creation and distribution of prepared deli foods, known as sozai, across the nation. Its diverse offerings are marketed under distinct labels such as RF1, Kobe Croquettes, Vegeteria...
How the Company Makes Money
Rock Field primarily makes money by selling prepared foods directly to consumers through its network of branded retail outlets (e.g., salad and delicatessen shops). Revenue is generated per item sold (such as salads, side dishes, and other ready-t...
Rock Field Co., Ltd. Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.10B | 51.18B | 51.36B | 49.97B | 47.12B |
| Gross Profit | 29.30B | 29.39B | 29.64B | 28.43B | 27.27B |
| EBITDA | 2.42B | 2.42B | 3.53B | 3.24B | 3.79B |
| Net Income | 98.00M | 329.00M | 1.25B | 1.08B | 1.38B |
Balance Sheet | |||||
| Total Assets | 34.87B | 35.47B | 36.17B | 36.19B | 36.65B |
| Cash, Cash Equivalents and Short-Term Investments | 13.15B | 13.60B | 14.16B | 13.82B | 14.52B |
| Total Debt | 959.00M | 1.12B | 1.42B | 1.69B | 2.07B |
| Total Liabilities | 6.25B | 6.55B | 7.03B | 7.03B | 7.56B |
| Stockholders Equity | 28.61B | 28.91B | 29.14B | 29.16B | 29.08B |
Cash Flow | |||||
| Free Cash Flow | 930.00M | 1.08B | 2.60B | 1.43B | 2.71B |
| Operating Cash Flow | 2.31B | 2.03B | 3.56B | 2.21B | 3.42B |
| Investing Cash Flow | -1.71B | -1.40B | -1.24B | -1.08B | -1.01B |
| Financing Cash Flow | -1.03B | -1.19B | -1.98B | -1.84B | -1.31B |
Rock Field Co., Ltd. Technical Analysis
Neutral
1483.00
Price Trends
1286.39
Positive
1335.05
Negative
1371.77
Negative
Market Momentum
5.66
Negative
62.03
Neutral
67.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2910, the sentiment is Neutral. The current price of 1483 is above the 20-day moving average (MA) of 1268.55, above the 50-day MA of 1286.39, and above the 200-day MA of 1371.77, indicating a neutral trend. The MACD of 5.66 indicates Negative momentum. The RSI at 62.03 is Neutral, neither overbought nor oversold. The STOCH value of 67.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2910.
Rock Field Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥32.94B | 12.49 | ― | 1.96% | 0.57% | 7.20% | |
67 Neutral | ¥45.49B | 8.47 | ― | 3.20% | 5.11% | 100.02% | |
63 Neutral | ¥13.77B | 10.00 | ― | 2.16% | -1.43% | 43.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | ¥45.18B | 30.06 | 1.97% | 2.92% | -2.70% | 50.14% | |
52 Neutral | ¥35.10B | 352.00 | ― | 1.65% | -0.17% | -70.24% | |
48 Neutral | ¥14.52B | 31.02 | ― | 1.61% | 2.00% | -44.01% |
* Consumer Defensive Sector Average
JP:2910
Rock Field Co., Ltd.
1,320.00
-211.06
-13.78%
JP:2908
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17.12%
Rock Field Co., Ltd. Corporate Events
Rock Field Profit Slumps Despite Stable Sales, Dividend Raised on Strong Balance Sheet
Jun 10, 2026
Rock Field reported flat consolidated net sales of ¥51.1 billion for the fiscal year ended April 30, 2026, but saw operating profit drop 37% to ¥780 million and profit attributable to owners of parent plunge nearly 70% to ¥98 millio...
Rock Field Beats FY2026 Forecasts but Earnings Lag Prior Year on One-Off Losses
Jun 10, 2026
Rock Field reported that net sales and all profit metrics for the fiscal year ended April 30, 2026 modestly exceeded its own full-year forecast released in December, supported by solid second-half demand and particularly strong Christmas and year-...
Rock Field to Liquidate Loss-Making Shanghai Prepared Foods Subsidiary
May 19, 2026
Rock Field Co., Ltd. has decided to dissolve and liquidate its wholly owned consolidated subsidiary, Iwata (Shanghai) Restaurant Management Co., Ltd., which operates a deli store and manufactures prepared foods in Shanghai, China. The move follows...
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.