Asahimatsu Foods Co., Ltd. (2911) AI Stock Analysis

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Asahimatsu Foods Co., Ltd.

(TSE/TYO:2911)

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Rating:52Neutral

Price Target:JPY 2,287.00▼(-0.39% Downside)

Action:reiterated

Date:08/17/26

The overall score of 52 reflects a neutral to slightly negative outlook. The primary drag is weak financial performance, with declining sales and margins outweighing a strong balance sheet. Technical indicators are neutral, and the stock appears slightly overvalued relative to its fundamentals. The company needs to improve operational efficiency to enhance shareholder value.

Positive Factors

Balance Sheet StrengthVery low leverage and a sizable, stable equity base give Asahimatsu durable financial flexibility. This reduces solvency risk, supports funding of maintenance capex or gradual investments without heavy external borrowing, and helps the company absorb demand shocks over months.

Negative Factors

Revenue ContractionSeveral years of flat-to-declining top line and negative recent revenue growth point to limited market expansion or pricing power. Without new channels, products, or market share gains, stagnant sales constrain scale benefits and make it harder to drive durable earnings growth over the medium term.

Asahimatsu Foods Co., Ltd. (2911) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 4.23B
Dividend Yield: 1.96%
Average Volume (3M): 801
Price to Earnings (P/E): 24.7
Beta (1Y): 0.06
Revenue Growth: -2.51%
EPS Growth: -35.83%
Country: Japan
Employees: 257
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

Asahimatsu Foods Co., Ltd. Business Overview & Revenue Model

Company Description

Asahimatsu Foods Co., Ltd., a Japanese company, is engaged in the manufacturing and sale of diverse food products. Their offerings encompass traditional items such as kori-tofu, instant miso soup, and various dried bean curd and soybean products. The...

How the Company Makes Money

Asahimatsu Foods makes money primarily by manufacturing and selling packaged processed food products, with its core revenue stream coming from kōyadōfu (freeze-dried tofu) and related tofu/soy-based processed foods. Revenue is generated through (1) r...

Asahimatsu Foods Co., Ltd. Financial Statement Overview

Summary

The company's financial performance is mixed. Revenue decline and margin compression have weakened income (Income Statement score 45) and cash flow (Cash Flow score 35), but the balance sheet remains solid with low leverage (Balance Sheet score 75). Overall, profitability is thin and free cash flow negative, limiting flexibility.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.72B	7.69B	8.02B	8.10B	7.94B	8.03B
Gross Profit	1.91B	2.10B	2.29B	2.25B	2.06B	2.29B
EBITDA	378.21M	581.18M	709.50M	696.70M	466.83M	745.24M
Net Income	172.25M	230.71M	238.82M	232.82M	-68.72M	196.24M
Balance Sheet
Total Assets	10.49B	10.32B	10.23B	9.94B	9.44B	9.58B
Cash, Cash Equivalents and Short-Term Investments	2.07B	1.96B	2.10B	2.07B	1.84B	1.98B
Total Debt	929.00M	753.09M	946.04M	720.04M	744.50M	840.56M
Total Liabilities	2.21B	1.92B	1.97B	1.97B	1.92B	2.03B
Stockholders Equity	8.27B	8.40B	8.19B	7.91B	7.46B	7.50B
Cash Flow
Free Cash Flow	0	-103.89M	56.11M	317.97M	-17.33M	299.84M
Operating Cash Flow	0	397.39M	478.75M	729.86M	205.48M	675.36M
Investing Cash Flow	0	-69.31M	-496.04M	-538.77M	-28.58M	-188.44M
Financing Cash Flow	0	-49.82M	-33.78M	-58.02M	-206.54M	-600.42M

Asahimatsu Foods Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price2296.00

Price Trends

50DMA2268.86Positive

100DMA2266.31Positive

200DMA2266.73Positive

Market Momentum

MACD5.57Negative

RSI56.86Neutral

STOCH68.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2911, the sentiment is Positive. The current price of 2296.00 is above the 20-day moving average (MA) of 2280.40, above the 50-day MA of 2268.86, and above the 200-day MA of 2266.73, indicating a bullish trend. The MACD of 5.57 indicates Negative momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 68.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2911.

Asahimatsu Foods Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2911 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2903	73Outperform	JPY 16.55B	10.54	―	2.24%	4.23%	52.27%
JP:2831	71Outperform	JPY 34.68B	10.35	―	1.90%	2.00%	35.75%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2910	59Neutral	JPY 36.53B	173.48	―	1.75%	0.59%	-50.98%
JP:2911	52Neutral	JPY 4.20B	24.75	―	1.96%	-2.51%	-35.83%
JP:2904	48Neutral	JPY 13.84B	354.25	―	1.86%	3.55%	-93.65%
JP:2901	37Underperform	JPY 1.83B	24.03	―	6.25%	―	―

* Consumer Defensive Sector Average

Performance Comparison

JP:2911 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2911	Asahimatsu Foods Co., Ltd.	2296.00	60.09	2.69%
JP:2831	Hagoromo Foods Corporation	3685.00	481.01	15.01%
JP:2901	Ishigaki Foods Co., Ltd.	64.00	-509.11	-88.83%
JP:2903	Shinobu Foods Products Co., Ltd.	1515.00	-142.93	-8.62%
JP:2904	Ichimasa Kamaboko Co., Ltd.	751.00	15.31	2.08%
JP:2910	Rock Field Co., Ltd.	1374.00	-38.11	-2.70%

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

Asahimatsu Foods Co., Ltd. AI Stock Analysis