Want to see JP:2938 full AI Analyst Report?
Top Page
Okamura Foods Co. Ltd.
(2938)
Select Model
Select Model
Rating:51Neutral
Price Target:
¥1,241.00
▲(18.87% Upside)
Action:Reiterated
Date:08/10/26
The score is held back primarily by weak and inconsistent cash generation and a sharp increase in leverage in 2026, despite solid revenue growth and ongoing profitability. Technical indicators also point to weak momentum, while valuation is only neutral with a modest P/E and a low dividend yield.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion demonstrates durable demand and successful scaling of operations. Doubling revenue over five years improves operating leverage potential and market position, giving management room to invest in capacity and product lines even if near-term margins fluctuate.
Negative Factors
Volatile Cash Generation
Inconsistent and frequently negative operating cash flow undermines financial resilience. Large 2026 outflows and deeply negative free cash flow erode liquidity, raise refinancing and working-capital risk, and limit the company's ability to self-fund capex, dividends, or strategic investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion demonstrates durable demand and successful scaling of operations. Doubling revenue over five years improves operating leverage potential and market position, giving management room to invest in capacity and product lines even if near-term margins fluctuate.
Read all positive factors
Okamura Foods Co. Ltd. (2938) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥65.43B
Dividend Yield0.62%
Average Volume (3M)77.80K
Price to Earnings (P/E)23.1
Beta (1Y)0.53
Revenue Growth20.88%
EPS Growth34.54%
CountryJP
Employees806
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)55.66
Shares Outstanding50,405,120
10 Day Avg. Volume106,360
30 Day Avg. Volume77,803
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)3.34
Price to Sales (P/S)1.54
P/FCF Ratio-6.00
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)56.45
Revenue Forecast (FY)¥43.40B
Okamura Foods Co. Ltd. Business Overview & Revenue Model
Company Description
Okamura Foods Co., Ltd. specializes in the cultivation, processing, and global distribution of salmon trout, serving both Japanese domestic and international markets. Their extensive product portfolio also encompasses a variety of processed seafoo...
How the Company Makes Money
null...
Okamura Foods Co. Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.73B | 35.34B | 32.66B | 28.94B | 24.10B |
| Gross Profit | 9.37B | 7.39B | 6.46B | 6.95B | 5.92B |
| EBITDA | 5.49B | 4.47B | 4.33B | 4.46B | 4.04B |
| Net Income | 2.78B | 2.02B | 1.97B | 2.39B | 2.25B |
Balance Sheet | |||||
| Total Assets | 60.64B | 41.27B | 39.17B | 30.11B | 24.33B |
| Cash, Cash Equivalents and Short-Term Investments | 5.25B | 4.42B | 4.83B | 2.06B | 1.96B |
| Total Debt | 30.61B | 17.29B | 18.89B | 15.00B | 11.57B |
| Total Liabilities | 40.92B | 25.23B | 25.02B | 20.14B | 16.88B |
| Stockholders Equity | 19.72B | 16.04B | 14.15B | 9.97B | 7.45B |
Cash Flow | |||||
| Free Cash Flow | -10.98B | 1.57B | -2.06B | -3.27B | -2.54B |
| Operating Cash Flow | -8.26B | 3.54B | 277.00M | -1.14B | -863.00M |
| Investing Cash Flow | -3.71B | -1.99B | -2.34B | -2.13B | -1.63B |
| Financing Cash Flow | 12.63B | -1.93B | 4.73B | 3.30B | 2.46B |
Okamura Foods Co. Ltd. Technical Analysis
Positive
1044.00
Price Trends
1306.55
Negative
1315.82
Negative
1227.07
Positive
Market Momentum
3.68
Negative
53.11
Neutral
54.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2938, the sentiment is Positive. The current price of 1044 is below the 20-day moving average (MA) of 1277.65, below the 50-day MA of 1306.55, and below the 200-day MA of 1227.07, indicating a neutral trend. The MACD of 3.68 indicates Negative momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 54.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2938.
Okamura Foods Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥66.69B | 10.89 | ― | 2.44% | 3.50% | 17.03% | |
73 Outperform | ¥67.52B | 20.01 | ― | 3.98% | 0.01% | 2.53% | |
71 Outperform | ¥122.14B | 11.55 | ― | 3.80% | 3.00% | 15.52% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥93.61B | 10.12 | ― | 3.77% | 7.42% | 126.16% | |
58 Neutral | ¥198.58B | 10.36 | 9.39% | 1.82% | 2.53% | -4.69% | |
51 Neutral | ¥65.43B | 23.09 | ― | 0.34% | 20.88% | 34.54% |
* Consumer Defensive Sector Average
JP:2938
Okamura Foods Co. Ltd.
1,285.00
97.86
8.24%
JP:1333
Maruha Nichiro
1,310.00
230.32
21.33%
JP:1379
Hokuto Corporation
2,121.00
254.58
13.64%
JP:2003
Nitto Fuji Flour Milling Co., Ltd.
1,807.00
108.63
6.40%
JP:2004
Showa Sangyo Co., Ltd.
3,770.00
874.53
30.20%
JP:2292
S Foods Inc.
2,946.00
287.23
10.80%
Okamura Foods Co. Ltd. Corporate Events
Okamura Foods Outlines FY2026 Results and Progress Toward 2030 Targets
Aug 7, 2026
Okamura Foods Co., Ltd. has released supplementary materials on its financial results for the fiscal year ended June 30, 2026, outlining performance for the period and providing structured information for stakeholders. The document also presents t...
Okamura Foods Delivers Double-Digit Growth and Expands Overseas Footprint
Aug 7, 2026
Okamura Foods reported strong consolidated results for the fiscal year ended June 30, 2026, with net sales up 20.9% to ¥42.7 billion and profit attributable to owners of parent rising 37.7% to ¥2.8 billion, while margins and return on eq...
Okamura Foods Subsidiary Launches Hokkaido Aquaculture Joint Venture
May 14, 2026
Okamura Foods’ subsidiary Japan Salmon Farm Co., Ltd. will establish a new joint venture, Japan Salmon Farm Yakumo Co., Ltd., in Yakumo Town, Hokkaido, together with the Hiyama Fisheries Cooperative Association and the local municipality. Th...
Okamura Foods Highlights FY2026 Q3 Results and 2030 Targets Progress
May 14, 2026
Okamura Foods Co., Ltd., a Japan-based food manufacturer listed under code 2938, operates in the broader food products industry, though the release excerpt does not specify its key product lines or target markets. The firm is presenting financial ...
Okamura Foods Posts Strong Nine-Month Earnings and Affirms Bullish Full-Year Outlook
May 14, 2026
Okamura Foods reported strong results for the nine months ended March 31, 2026, with net sales rising 13.4% year on year to ¥28.7 billion and profit attributable to owners of parent climbing 32.9% to ¥2.1 billion, supported by solid oper...
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.