Sato Foods Co., Ltd. (2923) AI Stock Analysis

• Market Cap: ¥40.45B
• Dividend Yield: 0.8%
• Average Volume (3M): 6.26K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.26
• Revenue Growth: 11.39%
• EPS Growth: 43.67%
• Country: JP
• Employees: 663
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 564.30
• Shares Outstanding: 5,075,500
• 10 Day Avg. Volume: 2,740
• 30 Day Avg. Volume: 6,256
• PEG Ratio: 0.29
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -8.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ¥8,461.00 ▲(16.06% Upside)
• Action: Reiterated
• Date: 06/16/26

Positive Factors

Steady revenue and solid margins

Consistent top-line growth with healthy gross and net margins indicates durable demand for Sato Foods' products and structural profitability in its packaged-foods model. This supports predictable earnings generation and provides a foundation for reinvestment and product development over the medium term.

Negative Factors

Weak cash generation / negative FCF

A large drop in OCF and a swing to materially negative free cash flow weaken earnings quality and financial flexibility. Persistent negative FCF forces reliance on external funding or asset sales, constrains capacity for capex or marketing, and raises vulnerability to demand or cost shocks.

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

Company Description

Sato Foods Co., Ltd. engages in the manufacture and sale of packed mochi and rice. Its products include Satos Rice, Satos mochi, and Satos Kagami-mochi. The company was founded by Kansaku Sato in April 1950 and is headquartered in Niigata, Japan....

How the Company Makes Money

Sato Foods generates revenue primarily by manufacturing and selling branded packaged foods—especially ready-to-eat packaged rice and packaged mochi—at wholesale prices to distribution channels that supply end consumers. Its core revenue stream is ...

Read more

Sato Foods generates revenue primarily by manufacturing and selling branded packaged foods—especially ready-to-eat packaged rice and packaged mochi—at wholesale prices to distribution channels that supply end consumers. Its core revenue stream is ...

Sato Foods Co., Ltd. Financial Statement Overview

Breakdown	TTM	Apr 2026	Apr 2024	Apr 2024	Apr 2023	Apr 2022
Income Statement
Total Revenue	47.87B	51.78B	46.48B	42.58B	39.67B	39.05B
Gross Profit	12.36B	13.57B	11.50B	11.16B	10.01B	10.42B
EBITDA	6.41B	6.26B	5.70B	4.97B	4.42B	4.80B
Net Income	2.85B	2.80B	1.95B	2.30B	1.84B	1.94B
Balance Sheet
Total Assets	46.69B	57.95B	49.28B	44.13B	39.53B	36.54B
Cash, Cash Equivalents and Short-Term Investments	1.90B	3.86B	4.87B	2.67B	3.48B	1.67B
Total Debt	16.70B	20.44B	18.59B	15.72B	14.19B	12.25B
Total Liabilities	23.66B	33.09B	26.80B	23.54B	21.28B	20.07B
Stockholders Equity	23.04B	24.86B	22.48B	20.59B	18.26B	16.48B
Cash Flow
Free Cash Flow	0.00	-4.12B	164.40M	-1.93B	771.06M	-195.28M
Operating Cash Flow	0.00	2.02B	4.88B	2.14B	3.04B	1.59B
Investing Cash Flow	0.00	-4.55B	-5.18B	-4.18B	-2.92B	-2.11B
Financing Cash Flow	0.00	1.52B	2.50B	1.22B	1.69B	1.83B

Sato Foods Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7290.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2923, the sentiment is Positive. The current price of 7290 is below the 20-day moving average (MA) of 7388.00, above the 50-day MA of 7231.78, and below the 200-day MA of 7648.64, indicating a bullish trend. The MACD of 161.77 indicates Negative momentum. The RSI at 66.99 is Neutral, neither overbought nor oversold. The STOCH value of 92.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2923.

Sato Foods Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2831	72 Outperform	¥32.94B	12.38	―	1.96%	0.57%	7.20%
2933	63 Neutral	¥24.25B	22.11	―	1.87%	1.95%	-57.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2923	61 Neutral	¥40.45B	14.41	―	0.80%	11.39%	43.67%
2908	53 Neutral	¥45.18B	30.18	1.97%	2.92%	-2.70%	50.14%
2910	52 Neutral	¥35.10B	352.00	―	1.65%	-0.17%	-70.24%
2904	48 Neutral	¥14.52B	30.00	―	1.61%	2.00%	-44.01%