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Pickles Holdings Co., Ltd. (2935) AI Stock Analysis
Pickles Holdings Co., Ltd.
(TSE/TYO:2935)
The stock's rating is primarily anchored by its highly stable, low-debt balance sheet and an attractive valuation featuring a low P/E ratio and reliable dividend yield. A robust recovery in free cash flow further supports the financial foundation. However, the score is heavily weighed down by negative technical momentum across major moving averages and persistent revenue contraction, which signals limited organic growth despite strong profitability.
Pickles Holdings Co., Ltd. (2935) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 14.13B
- Dividend Yield
- 2.58%
- Average Volume (3M)
- 27.93K
- Price to Earnings (P/E)
- 12.3
- Beta (1Y)
- 0.35
- Revenue Growth
- -4.81%
- EPS Growth
- -11.00%
- Country
- Japan
- Employees
- 411
- Sector
- Consumer Defensive
- Sector Strength
- 62
- Industry
- Packaged Foods
Pickles Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Pickles Holdings Co.,Ltd., through its subsidiaries, manufactures and sells pickled vegetables and side dishes in Japan. It also engages in the restaurant and retail business; and agricultural business. The company was founded in 1977 and is headquar...
How the Company Makes Money
Pickles Holdings primarily earns revenue through subsidiary operations tied to B2B used-vehicle transactions. Key revenue streams typically include fees and commissions generated when vehicles are listed and sold through its auction/distribution chan...
Pickles Holdings Co., Ltd. Financial Statement Overview
Summary
Demonstrates a fortress balance sheet with minimal leverage and a stellar recovery in free cash flow, alongside notable margin expansion. However, persistent top-line revenue contraction remains a headwind limiting overall growth potential.
Income Statement
62PositiveBalance Sheet
86Very PositiveCash Flow
82Very Positive| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.12B | 40.92B | 41.52B | 43.03B | 41.05B | 45.01B |
| Gross Profit | 8.56B | 8.80B | 8.10B | 8.64B | 8.63B | 12.20B |
| EBITDA | 2.67B | 3.35B | 2.41B | 2.80B | 2.70B | 4.00B |
| Net Income | 1.13B | 1.38B | 958.00M | 1.18B | 1.14B | 2.13B |
Balance Sheet | ||||||
| Total Assets | 30.32B | 30.20B | 30.24B | 27.71B | 26.31B | 26.20B |
| Cash, Cash Equivalents and Short-Term Investments | 5.96B | 6.21B | 4.97B | 7.75B | 5.94B | 6.03B |
| Total Debt | 3.34B | 3.22B | 4.85B | 3.14B | 2.65B | 2.95B |
| Total Liabilities | 9.57B | 10.15B | 11.36B | 9.46B | 8.90B | 9.44B |
| Stockholders Equity | 20.73B | 20.04B | 18.86B | 18.24B | 17.40B | 16.76B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 3.81B | -3.86B | 1.77B | 783.00M | 2.80B |
| Operating Cash Flow | 0 | 4.20B | 831.00M | 2.72B | 1.67B | 3.52B |
| Investing Cash Flow | 0 | -428.00M | -4.69B | -950.00M | -882.00M | -712.00M |
| Financing Cash Flow | 0 | -2.53B | 1.08B | 45.00M | -876.00M | -1.21B |
Pickles Holdings Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2935, the sentiment is Negative. The current price of 1125.00 is below the 20-day moving average (MA) of 1146.10, below the 50-day MA of 1175.06, and below the 200-day MA of 1160.65, indicating a bearish trend. The MACD of -16.29 indicates Positive momentum. The RSI at 29.00 is Positive, neither overbought nor oversold. The STOCH value of 24.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2935.
Pickles Holdings Co., Ltd. Peers Comparison
Overall Rating
JP:339272.2Outperform- JP:293569Neutral
JP:293766Neutral
JP:293361Neutral
JP:291059Neutral
JP:290446Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3392 | 72Outperform | JPY 11.57B | 8.95 | ― | 3.52% | 3.66% | 9.21% |
| JP:2935 | 69Neutral | JPY 13.77B | 12.33 | ― | 2.58% | -4.81% | -11.00% |
| JP:2937 | 66Neutral | JPY 15.78B | 25.25 | ― | 2.05% | 6.36% | 109.03% |
| Sector * | 62Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
| JP:2933 | 61Neutral | JPY 23.90B | 26.78 | ― | 1.87% | -0.27% | -62.67% |
| JP:2910 | 59Neutral | JPY 35.28B | 171.84 | ― | 1.73% | 0.59% | -50.98% |
| JP:2904 | 46Neutral | JPY 13.88B | 42.26 | ― | 1.85% | 2.79% | -56.06% |
* Consumer Defensive Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:2935 | Pickles Holdings Co., Ltd. | 1125.00 | 14.31 | 1.29% | |
| JP:2904 | Ichimasa Kamaboko Co., Ltd. | 756.00 | 26.20 | 3.59% | |
| JP:2910 | Rock Field Co., Ltd. | 1387.00 | -7.43 | -0.53% | |
| JP:2933 | KIBUN FOODS INC. | 1067.00 | 2.41 | 0.23% | |
| JP:2937 | St.Cousair CO. LTD. | 1707.00 | 31.18 | 1.86% | |
| JP:3392 | DELICA FOODS HOLDINGS CO. LTD. | 722.00 | -92.43 | -11.35% |
Pickles Holdings Co., Ltd. Corporate Events
Pickles Holdings Launches Restricted Share Plan to Mark 50th Anniversary
Pickles Holdings has approved the introduction of a restricted share plan for executive officers and employees of the company and its subsidiaries, timed to coincide with the 50th anniversary of its main operating unit, Pickles Corporation. The plan...
Pickles Holdings Seeks Shift From TSE Prime to Standard Market
Pickles Holdings has resolved at a board meeting to apply for a change in its listing classification on the Tokyo Stock Exchange from the Prime Market to the Standard Market. The decision follows a review of the company’s business scale, market...
Pickles Holdings Raises Annual Dividend with 50th Anniversary Commemorative Payout
Pickles Holdings Co., Ltd., listed on the Prime Market of the Tokyo Stock Exchange under securities code 2935, operates in the food sector through its principal subsidiary Pickles Corporation. The group focuses on processed food products and related...
Pickles Holdings Maintains Strong Balance Sheet as Profits Decline, Ups Dividend Forecast
Pickles Holdings reported net sales of ¥21,516 million for the six months ended August 31, 2026, down 3.6% year on year, with operating profit falling 21.9% to ¥1,225 million and profit attributable to owners of parent dropping 23.2% to ...
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: Nov 05, 2026